Best Very Cheap Auto Insurance Companies Illinois to Get With No Down Payment for Seniors Who Don't Drive Much

Finding affordable car insurance can be challenging for seniors in Illinois who only drive occasionally. Premiums from mainstream insurers are often too expensive if you're on a fixed income and looking to minimize costs. However, there are still some great options to secure very cheap auto insurance with no down payment required as an older driver with low mileage in Illinois.

Top Rated & Affordable: Best 5 Car Insurance Options in Illinois

• State Farm : Offers competitive rates and comprehensive full coverage car insurance for new and young drivers.
• GEICO : Known for cheap quotes online and a user-friendly process for purchasing car insurance.
• Allstate : Provides robust car insurance policies near me with various discounts and personalized options.
• Country Financial : Offers a range of car insurance solutions with exceptional customer service and competitive rates.
• Liberty Mutual : Features tailored car insurance options for new and experienced drivers, including no-deposit plans.

In this comprehensive guide, we'll highlight the best car insurance companies for seniors who want basic liability-only coverage, don't drive extensively, have stellar driving records, and are looking for the lowest possible rates.

What Impacts Premiums for Seniors in Illinois?

Your age, driving history, mileage, location, and other factors determine what you'll pay for car insurance in Illinois as a senior. Here are some of the main criteria that affect rates:

• Age:?Once you turn 65, premiums decrease and continue dropping until around age 80. Insurers view elderly drivers as lower risk if they have a clean record.
• Driving Record:?Seniors with no accidents, speeding tickets, DUIs, or other violations in the past five years will see the biggest discounts. Just one ticket can increase premiums by 30% or more.
• Annual Mileage:?Seniors who drive 5,000 miles or less per year save significantly compared to average mileage. Some companies offer discount programs specifically for low mileage.
• Location:?Rural and suburban areas have lower premiums than cities like Chicago. Your neighborhood crime level also impacts rates.
• Claims History:?Filing claims, especially for accidents, will cause rates to spike at any age. Going claim-free for several years can offset increases.
• Vehicle Type:?Insuring an older, paid-off sedan or crossover is cheaper than a new vehicle or sports car.
• Credit History:?Illinois allows using credit when setting rates. Better credit means lower premiums.
• Marital Status:?Married couples usually get cheaper insurance since they're viewed as more stable.
• Multi-policy Discounts:?Bundling home or life insurance with the same provider earns around 10-15% discounts.

Taking steps to optimize these common rating factors allows finding the most affordable car insurance in Illinois.

Average Cost of Auto Insurance in Illinois for Seniors

Seniors in Illinois pay an average of $1,316 annually for minimum liability coverage, according to 2021 data from the National Association of Insurance Commissioners. This is about 15% less than the typical rate across all age groups.

However, averages don't reflect individual circumstances. Older drivers who don't rack up miles behind the wheel and have excellent records can insure a car for under $600 annually from value insurers.

Here are the average annual premiums Illinois seniors pay based on age, according to The Zebra's rate analysis:

• Age 65-69: $1,368
• Age 70-74: $1,239
• Age 75-79: $1,165
• Age 80+: $1,078

So, rates decline as you get older. But even seniors in their late 60s can secure liability coverage for $500-800 per year from the companies we recommend.

Minimum Illinois Car Insurance Requirements

Illinois only requires you to carry minimum liability coverage, including:

• $25,000 bodily injury per person
• $50,000 bodily injury per accident
• $20,000 property damage
• Uninsured motorist bodily injury $25,000 per person/$50,000 per accident

This coverage protects other drivers if an accident is your fault but provides no benefits if your vehicle is damaged.

Collision and comprehensive insurance are not legally required but recommended if your car has any value. Collision covers damage to your vehicle from accidents, while comprehensive claims cover it from incidents like theft or storms.

Factors That Help Seniors Get the Cheapest Car Insurance in Illinois

Optimizing key factors can help Illinois seniors unlock the lowest car insurance rates. Here are some of the best ways to save:

• Maintain a Spotless Driving Record -?Insurers reward senior drivers who avoid accidents, traffic violations, and claims. Even one minor infraction, like a speeding ticket, can increase your premiums substantially. So, maintaining a perfect record goes a long way to keeping rates down. Consider taking a defensive driving refresher course every few years to sharpen your skills.
• Choose an Older, Inexpensive Vehicle -?Consider buying an older used car to insure rather than a new vehicle. Depreciation brings down insurance rates, and you can buy just liability coverage more easily. Cars over ten years old with low values can be added to a policy cheaply. Avoid luxurious or sports cars.
• Ask About Low Mileage Discounts -?Driving fewer than 5,000-7,500 miles annually makes you eligible for a low mileage discount with many insurers. This can save 5-15% off your costs. Be sure to ask if your company offers this discount - it's only sometimes applied automatically. Tracking your mileage with a device like OBD provides proof for even bigger savings.
• Increase Deductibles -?Bumping your deductible from $500 to $1,000 could reduce premiums by 10-20%. Make sure you have sufficient savings to cover the higher out-of-pocket costs if you file a claim. Avoid超 low $200 or $300 deductibles.
• Enroll in Telematics Programs -?Insurers offer usage-based "smart driving" programs for added discounts based on your driving behavior, like how quickly you accelerate and brake. These telematics apps can yield up to 30% savings if you exhibit lower-risk driving tendencies.
• Bundle Home & Auto Coverage -?Combining auto, homeowners, or renters insurance with the same insurer generates a multi-line discount. Most companies take 10% or more off your premium when you bundle multiple policies.
• Maintain Good Credit -?Illinois allows insurers to use your credit-based insurance score when setting rates. Keeping your credit utilization low and making on-time payments helps boost your score to save hundreds on premiums.
• Comparison Shop Annually -?Shopping around and comparing quotes from direct and independent insurance agents ensures you get the best deal. Illinois rates can fluctuate, and discounts may differ between insurers. So, it pays to compare options regularly.
• Consider Usage-Based Coverage -?Metromile is an insurance option where you only pay for the precise miles driven based on a low base rate plus a per-mile fee. This can mean huge savings for seniors who drive fewer than 5,000 miles a year and want maximum flexibility.

Top 5 Very Cheap Car Insurance Companies in Illinois for Seniors

We recommend getting free customized quotes from these top insurers to find the lowest premiums based on your situation:

State Farm

Our top pick for affordable coverage is State Farm with an A++ financial strength rating. As the largest auto insurer in Illinois, they offer competitive rates thanks to extensive claims servicing experience and stellar customer satisfaction.

Pros:

• Average annual premiums are as low as $450-700 for seniors who drive under 5,000 miles yearly.
• 18% of policyholders qualify for a low mileage discount.
• Numerous discounts like safe driver, anti-theft devices, anti-lock brakes, and defensive driving courses.
• Easy quotes and policy management through local agents.
• Auto-pay discount for electronic funds transfer.
• Fast claims handling with a 97% satisfaction rate.
• Optional Drive Safe & Save app monitors driving for lower rates.

Cons:

• Only a few niche coverage options.
• Mixed customer service reviews between different agents.
• Home insurance rates tend to be higher than competitors.

State Farm should be on the shortlist for Illinois seniors wanting rock-bottom liability rates, discounts, and superior local service.

GEICO

Known for low costs from high efficiency, Geico often beats competitors for seniors needing basic liability insurance on infrequently driven vehicles. Rates can be cheap, even for older drivers residing in large cities.

Pros:

• Comprehensive online quotes and policy management tools make enrollment easy.
• Average annual premiums are around $525 for seniors with excellent driving history.
• Numerous discounts like low mileage, seat belt use, and vehicle safety devices.
• The streamlined claims process pays out very quickly.
• Mobile app and online service options reduce overhead costs.
• Bundling home insurance provides a 15% multi-policy discount.

Cons:

• Primarily online-based support can make personal service limited.
• Older websites and quoting systems are less slick than newer competitors.
• Adding teen drivers causes rates to increase substantially.

GEICO should be evaluated for its speedy digital tools and some of the lowest premiums for aging drivers.

Allstate

Allstate delivers affordable premiums and award-winning claims service with over 20 discounts available. Their experienced local agencies provide personalized help in picking the right options.

Pros:

• Average annual premiums are as low as $650 for seniors with excellent driving records.
• Numerous discounts like early signing, multi-car, safe driving bonus check, and anti-theft devices.
• Claims satisfaction consistently ranks among the top auto insurers.
• Dedicated agents provide localized support and advice.
• Options for accident forgiveness, new car replacement, and rideshare coverage.

Cons:

• Premium costs tend to rise steadily after the first policy term.
• Mixed customer service feedback between different agents.
• Lower J.D. Power claims servicing satisfaction score than competitors.

Allstate remains a compelling brand name to consider with the strength of insurer financials and stellar reputation for claims handling.

Country Financial

Specializing in rural and agricultural customers, Country Financial offers competitive rates on stripped-down coverage perfect for gently driven older vehicles.

Pros:

• Average annual premiums are around $350-550 for seniors driving under 5,000 miles annually.
• Numerous discounts for things like safe driving, anti-theft devices, good credit, and mature drivers.
• A simplified claims process makes getting repairs easy.
• Strong coverage options for high-value classic and antique vehicles.
• Local agents provide personalized advice and support.

Cons:

• Less robust digital tools with a dated online quote system.
• Limited availability in major metropolitan areas.
• Rates spike quickly following an accident or traffic citation.

Country Financial excels at covering older drivers who reside in small towns and rural locations across the state. Their back-to-basics approach makes insurance refreshingly simple and budget-friendly.

Liberty Mutual

Regional favorite Liberty Mutual provides affordable premiums bundled with strong customer service and minimal complaints. Rates are ultra-competitive for seniors looking to minimize costs.

Pros:

• Average annual premiums are around $485 for older drivers with excellent records.
• Numerous discounts like multi-policy, paid-in-full, safety features, and low mileage.
• Rates are locked for policy terms to avoid unexpected hikes.
• Fast claims handling from local agents, you know.
• Policy management tools continue improving.

Cons:

• Limited presence and availability compared to national brands.
• Fewer endorsements and extras than in larger companies.
• Mixed reliability ratings from industry analysts.

Liberty Mutual delivers outstanding value and service for the price point. They deserve consideration, especially if you reside in Illinois's northern or central regions.

How to Get Cheap Car Insurance Quotes Online

It only takes a few minutes to compare personalized quotes online from top insurers and find the lowest rate for your situation. Just follow these steps:

1. Compare Rates:?Obtain quotes from national companies like State Farm, GEICO, and Allstate, along with regional brands like Country Financial and Liberty Mutual. Avoid just checking one company.
2. Adjust filters:?Enter your age, mileage, vehicle type, and any discounts you qualify for to get accurate, customized quotes. Let insurers know you drive minimally.
3. Assess coverage needs:?Determine the liability limits and any extra coverage appropriate for your vehicle's value and driving habits. Consider just liability if your car is worth under $2,000.
4. Review exclusions:?Check the policy documents closely for any provisions that may exclude certain common claims by seniors for things like limited mobility accidents or arthritis-related incidents behind the wheel.
5. Compare quotes:?Evaluate all your options side-by-side, accounting for price, reputation, and customer service reviews. Don't just default to the cheapest premium.
6. Ask about discounts:?Many insurers only automatically include some available discounts in their quotes. Inquire directly about low mileage, safe driving, mature driving, and any other ways you may qualify to save.
7. Consider bundling:?Adding renters or homeowners insurance to your auto policy with the same carrier can lower premiums significantly. But make sure the bundled savings outweigh any rate hikes.
8. Confirm minimum requirements:?Verify any insurance quote includes at least the 25/50/25 liability coverage required in Illinois and uninsured motorist protection before purchasing.
9. Pick the best option:?Select the insurer providing sufficient coverage at the lowest overall premium once discounts, bundling, and other savings are factored in. Ease of doing business should also be considered.

This process makes getting incredibly cheap car insurance straightforward, even on a tight budget, as an older Illinois driver who's light on mileage.

Frequently Asked Questions

How much is car insurance for a 70-year-old in Illinois?

According to industry data, average annual premiums in Illinois for drivers aged 70-74 are around $1,239 for standard liability and collision coverage. However, older drivers with excellent records who drive fewer than 5,000 miles annually can secure basic liability-only insurance from value insurers on average from just $350-700 on average.

How can a senior get cheap car insurance?

The keys to getting cheap car insurance for seniors are maintaining a flawless driving record, driving older vehicles with limited mileage, carrying only basic liability coverage, comparing many quotes, bundling policies, utilizing applicable discounts, and having good credit. Following these strategies can save hundreds of dollars per year.

What auto insurance companies offer the cheapest rates for seniors in Illinois?

Based on our analysis, the cheapest insurers for liability coverage for seniors are State Farm, Geico, Allstate, Country Financial, and Liberty Mutual. Comparing quotes from these top providers is your best bet at maximizing savings on premiums.

Can someone over 70 get car insurance without a down payment in Illinois?

Yes, most insurance companies don't require a down payment or full payment upfront. Premiums can be paid monthly or quarterly. However, you typically must pay the first month or installment to initiate coverage. Some insurers offer discounts for paying in full annually or every six months.

How much liability insurance should a senior carry in Illinois?

Seniors in Illinois only need to carry the state minimum 25/50/25 liability limits. However, considering 100/300/100 or above provides stronger financial protection in a serious at-fault accident resulting in injuries or damage exceeding basic limits. Collision coverage is also wise if your vehicle has any notable value.

Key Takeaways

• Seniors with clean records who drive fewer than 5,000 miles a year can find liability-only car insurance for under $700 annually from leading insurers.
• Maintaining a spotless driving history is critical to unlocking the lowest premiums as an older motorist.
• Comparing quotes from State Farm, Geico, Allstate, Country Financial, and Liberty Mutual makes finding the cheapest rate simple.
• Usage-based insurance from Metromile is a great alternative for low mileage elderly drivers wanting maximum savings.
• When evaluating options, factor in bundling discounts, policy add-ons, credit score impact, and deductibles.
• Illinois only requires a minimum 25/50/25 liability, but higher limits are recommended if assets need protection.

We hope this guide gives Illinois seniors needing to minimize their car insurance costs the insights and tips to feel confident choosing the right provider. The key is comparing personalized quotes from several top insurers to uncover the best value for your situation. With a little research, finding cheap auto insurance - even under $500 per year - is achievable despite your age.

Disclaimer:?The reviewed car insurance products are stand-alone services, and we have no direct involvement in their quotes or influence over rates and terms. Requesting a car insurance quote does not guarantee approval, and some products may perform other checks. Some car insurance products may only be available in some states. This article provides general information, and although we strive for accuracy, we are not liable for errors or omissions. Some links may be affiliate links; we may earn commissions if clicked. Verify information independently and seek professional advice before making decisions; use of this article implies acceptance of these terms.