Cost of Car Insurance in Elgin, IL – Rates, Rankings, Free Quotes

• The average cost of car insurance in Elgin is $2,190 per year, or about $183 per month for full coverage.
• Auto insurance rates for a few popular vehicles in Elgin include the Nissan Rogue at $164 per month, Hyundai Elantra at $199, and Toyota Highlander at $166.
• Compact crossovers like the Chevrolet Trailblazer, Toyota Corolla Cross, and Nissan Kicks are some of the best vehicles with the cheapest car insurance in Elgin.

How much does car insurance cost in Elgin?

The average car insurance expense in Elgin is $2,190 per year, which is 1.4% less than the U.S. average rate of $2,221. The average monthly cost of car insurance in Elgin is $183 for a full-coverage car insurance policy.

In the state of Illinois, average auto insurance cost is $2,262 per year, so the cost in Elgin averages $72 less per year. The average cost to insure a car in Elgin compared to other Illinois locations is around $54 per year more than in Peoria, $42 per year more than in Aurora, and $6 per year more than in Rockford.

Driver age is one of the largest influencers on the price of car insurance, so the list below illustrates this point by breaking down average car insurance rates in Elgin for drivers from 16 to 60.

Average cost of car insurance in Elgin, IL, for drivers age 16 to 60

• 16 year old – $7,800 per year or $650 per month
• 17 year old – $7,557 per year or $630 per month
• 18 year old – $6,773 per year or $564 per month
• 19 year old – $6,168 per year or $514 per month
• 20 year old – $4,410 per year or $368 per month
• 30 year old – $2,338 per year or $195 per month
• 40 year old – $2,190 per year or $183 per month
• 50 year old – $1,942 per year or $162 per month
• 60 year old – $1,818 per year or $152 per month

The chart below shows different average Elgin car insurance rates for a number of different driver ages and possible risk profiles.

Average car insurance rates in the chart range from $1,820 per year for a 40-year-old driver who qualifies for a cheap discount rate to $5,038 per year for a 30-year-old driver who has to buy high risk car insurance.

When the average rates are converted to monthly figures, the average cost of car insurance per month in Elgin ranges from $152 to $420.

Auto insurance rates are not static and can change frequently. The possibility of a wide range of rates emphasizes the need for multiple car insurance quotes when searching online for the cheapest car insurance in Elgin, Illinois.

The cost to insure popular models

The auto insurance rates mentioned up to this point take all 2024 vehicle models and average them, which is suitable when making general comparisons like between locations or by driver risk profile.

For more useful cost comparisons, however, the data will be better if we analyze the exact vehicle being insured. Let’s just look at a handful of the more popular vehicles to find out how auto insurance rates compare in Elgin.

This next chart breaks down the cost of auto insurance in Elgin for some of the more popular cars, trucks, and SUVs.

Popular models in Elgin tend to be compact and midsize cars like the Nissan Sentra and Nissan Altima and small or midsize SUVs like the Toyota RAV4 and Ford Explorer.

A few additional popular models from other segments include luxury SUVs like the Lexus RX 350, Acura MDX, and Cadillac XT5, luxury cars like the Tesla Model S, Lexus ES 350, and Acura ILX, and pickup trucks like the Chevy Silverado, Ram 1500, and Ford F-150.

Let’s rehash some of the ideas we covered earlier.

• Elgin auto insurance rates are cheaper than the Illinois state average – $2,190 (Elgin average) compared to $2,262 (Illinois average)
• Elgin, IL, car insurance cost is less than the U.S. average – $2,190 (Elgin average) compared to $2,221 (U.S. average)
• Auto insurance gets more affordable the older you are – Car insurance rates for a 50-year-old driver in Elgin are $2,468 per year cheaper than for a 20-year-old driver.
• Low deductibles cost more than high deductibles – A 40-year-old driver pays an average of $710 more per year for $250 deductibles versus $1,000 deductibles.
• Insurance for teenagers can be expensive – Average cost ranges from $5,215 to $7,800 per year for car insurance for teens in Elgin, Illinois.

Which vehicles have cheap insurance in Elgin?

The models with the lowest cost average car insurance rates in Elgin tend to be small SUVs and crossovers like the Subaru Crosstrek, Chevrolet Trailblazer, Toyota Corolla Cross, and Buick Envision.

Average insurance rates for cars and SUVs that rank in the top 10 cost $1,794 or less per year ($150 per month) for full coverage.

Some additional vehicles that have affordable insurance prices in our overall cost comparison are the Nissan Murano, Buick Encore, Ford Bronco Sport, and Volkswagen Taos. The average insurance cost is a little higher for those models than the compact SUVs and crossovers that rank near the top, but they still have an average cost of $159 or less per month in Elgin.

The following table details the vehicles with the cheapest overall insurance rates in Elgin, ordered starting with the cheapest.

A few additional vehicles worth noting making the list of the top 50 above include the Subaru Forester, the Volkswagen Atlas Cross Sport, the Nissan Sentra, and the Hyundai Kona. Insurance rates for those vehicles cost between $1,906 and $2,050 per year in Elgin.

In contrast to the vehicles with cheap rates, some vehicles that cost considerably more to insure include the Jeep Grand Wagoneer that averages $2,544 per year, the Audi A4 which costs $2,522, and the Lexus LC 500h that costs $3,280.

Seven tips for cheaper car insurance rates

Drivers CAN save money on car insurance if they adhere to some tried and true methods for cutting premiums. The list below contains some of the best ways to compare rates and find the best car insurance in Elgin.

1. Reduce coverage on older cars. Dropping physical damage coverage (comprehensive and collision) from vehicles that are older will cheapen the cost to insure significantly.
2. Shop around for better rates. Setting aside a few minutes every year or so to get free car insurance quotes could save a pile of cash. Rates are always changing and you can switch companies at any time.
3. Policy discounts equal cheaper car insurance rates. Discounts may be available if the policyholders choose electronic billing, insure their home and car with the same company, drive a vehicle with safety or anti-theft features, are claim-free, are loyal customers, or many other discounts which could save the average Elgin driver as much as $370 per year on their insurance cost.
4. Consider buying higher deductibles. Increasing your policy deductibles from $500 to $1,000 could save around $374 per year for a 40-year-old driver and $724 per year for a 20-year-old driver.
5. Obey driving laws to save money. If you want the cheapest car insurance in Elgin, it makes good sense to be a safe driver. In fact, just a few driving offenses have the potential to increase insurance policy cost by as much as $584 per year. Major violations such as DWI and leaving the scene of an accident could raise rates by an additional $2,034 or more.
6. Save money due to your choice of occupation. Just about all car insurance companies offer discounts for certain professions like architects, firefighters, members of the military, doctors, high school and elementary teachers, scientists, and others. If your occupation qualifies you for this discount, you may save between $66 and $213 on your annual car insurance bill.
7. Buy vehicles with more affordable auto insurance rates. The type of vehicle you drive has a significant impact on the price you pay for car insurance. As an example, a Subaru Impreza costs $1,020 less per year to insure in Elgin than a Chevrolet Corvette. Lower performance vehicles save money.