The cost of car insurance policies can vary widely depending on factors such as the driver's history and the level of coverage of the policy. You might be able to stay on your parents' car insurance policy, which is a great way to save money on car insurance when you're 20 years old. If you have bad credit, you can still look for relatively affordable insurance plans in Illinois. This is because insurers consider it a high risk to insure young drivers, as they tend to file more claims.
An auto insurance policy generally includes many different types of coverage, including liability coverage, collision coverage, and comprehensive coverage. Young drivers, especially those under 25, tend to have particularly high car insurance rates because they have more accidents on average and insurers consider them to be more at risk. In Illinois, the cost of car insurance remains affordable due to the low number of uninsured motorists, vehicle thefts, and natural disasters. If you pay hundreds of dollars more for comprehensive and collision coverage, but your car isn't worth much more than a few thousand dollars, you may end up paying more money to protect your car than it actually is.
If you're a young driver looking for cheap car insurance, it's important to shop around to find the cheapest insurance company for you. If you opt for an auto insurance policy with more coverages or features, you'll pay more each month for it. Drivers in their 30s can get lower rates by comparing prices and taking advantage of discounts on car insurance. It's a good idea to take out enough insurance to cover possible liabilities and also damage to your own car.
Illinois has one of the lowest rates of uninsured drivers in the country, at 12%, contributing significantly to the state's reasonable insurance rates. Compared to this, a full-coverage auto insurance policy provides comprehensive and collision protection against motor vehicle collisions. However, there are ways to save money on car insurance if you're driving in your 20s, such as staying on your parents' policy or being entitled to discounts. The analysis included 5 to 10 of the largest insurance companies in each state; smaller insurers were also included when rates were available.