Car Insurance in Peoria, IL
The largest city on the Illinois River, Peoria is bustling with gorgeous riverfront views and wineries. It is affectionately known for having the “world’s most beautiful drive” with Grandview drive, according to former president Theodore Roosevelt. In addition, the city boasts more than 8,000 acres of parks, including the Peoria Zoo and the Wildlife Prairie State Park, with more than 40 species native to the state.
Despite being a college town with more than 10 universities and colleges calling it home, Peoria is also a wine aficionado’s dream, home to three major wineries good enough to satisfy any palette. Don’t forget the Steamboat Classic, an annual sporting event that pits the finest steamboats in the area in 4-mile, 15-kilometer, and 4-kilometer races.
Peoria is one of Illinois’ most interesting cities, offering a neat combination of history as the oldest European settlement in the state, nature and an all-around good time for its residents and visitors. When you’re driving around Peoria, it’s important to have auto insurance to protect yourself and your vehicle.
Quick Facts
- The average annual cost of car insurance in Peoria is $1,428 for full coverage.
- In 2019, there were six reported fatal car crashes in Peoria.
How Much Is Car Insurance in Peoria, Illinois?
On average, car insurance in Peoria costs $1,428 for full coverage per year. It is much lower than the national average of $1,674 and slightly lower than the state average of $1,485 per year. Your exact Illinois car insurance cost depends on several factors, including your age, gender, claims history, and the make and model of your vehicle.
Rates can vary from city to city. People who live and drive in densely-populated areas will generally pay a higher premium than their rural counterparts. Here are a few samples of cities in Illinois.
| City (population) | Average Annual Premium for Full Coverage/Minimum |
|---|---|
| Chicago (2,695,598) | $1,836/$672 |
| Joliet (147,433) | $1,680/$600 |
| Wheaton (52,894) | $1,488/$552 |
| Yorkville (16,921) | $1,524/$540 |
In addition to age, gender, claims history, and the make and model of your vehicle, other factors that play a role in determining rates include your eligibility for any safe driver discounts, as well as participation in loyalty programs. For example, drivers with accounts in good standing for a number of years with no record of claims can expect rates to go down. Others who install anti-theft devices or enroll in autopay or paperless billing could also see a few dollars shaved off their bill.
Because Illinois is an at-fault state, if you are determined to be the cause of an accident, you will be expected to pay for the other driver’s damages. With the basic state-required insurance coverage, you may be left with a large bill of out-of-pocket costs if their damages are more than your policy limit, not to mention paying for your own damages.
We highly recommend seeking a complete policy with high comprehensive, collision, and property damage benefits.
Peoria Low-Cost Car Insurance Rates by Zip Code
Some zip codes pay more in premiums than others due to the collective claims and record history of their residents. One neighborhood may have a much higher theft and incidence rate than a second neighborhood two miles down the street, so a +50% difference in rates would not be a surprise at all.
Peoria has 12 zip codes. Here are the average monthly rates for each zip code:
| Zip Code | Average Monthly Car Insurance Rate for Full Coverage/Minimum |
|---|---|
| 61602 | $128/$45 |
| 61603 | $128/$45 |
| 61604 | $119/$43 |
| 61605 | $127/$45 |
| 61606 | $127/$44 |
| 61607 | $122/$43 |
| 61611 | $118/$40 |
| 61614 | $116/$43 |
| 61615 | $118/$43 |
| 61616 | $118/$42 |
| 61625 | $119/$41 |
| 61635 | $116/$40 |
Affordable Car Insurance Rates by Age in Peoria
Expect age range to be a major factor in determining car insurance rates. Some age ranges have higher risk profiles than others. For example, Peoria teenagers can expect to pay three times the amount of premiums as Peoria drivers in their 50s and 60s.
The best way to keep premiums low is to maintain a safe driving record with no claims or infractions. Even a suspended registration for not having insurance can cause a dent.
| Age | Average Monthly Car Insurance Rate for Full Coverage/Minimum |
|---|---|
| 18 | $423/$163 |
| 20s | $270/$98 |
| 30s | $118/$40 |
| 40s | $112/$38 |
| 50s | $102/$36 |
| 60s | $99/$35 |
| 70s | $107/$41 |
*Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.
Driving Conditions in Peoria
How Many Fatal Accidents Happen in Peoria?
In 2019, there were six reported fatal car crashes in Peoria and seven people were killed. Of these accidents, there were 10 total vehicles involved and 18 total people involved.
How Are the Road Infrastructure and Bridges in Peoria?
Peoria has an avid public works program that is constantly trying to innovate with development and infrastructure. In 2021, more than $80 million was earmarked for construction projects by the city government, going toward renovating the Peoria Civic Center, upgrading the riverfront, and maintenance for the MacArthur Highway business corridor, and the construction of a new fire station in south Peoria.
The Illinois General Assembly also oversaw two tax credits that produced $214 million in freed-up funds to contribute toward redevelopment. Some of these redevelopment projects have gone toward properties and businesses in the Warehouse District.
Get a Quote for Car Insurance in Illinois Today!
Minimum Car Insurance Requirements in Peoria
Illinois is an at-fault state, meaning drivers who are responsible for accidents are required to pay for them. So it is important to seek a full car insurance policy with high comprehensive, collision, and property damage limits.
In Illinois, the state minimums are:
- Bodily Injury Liability per Person: $25,000
- Bodily Injury Liability per Accident: $50,000
- Property Damage per Accident: $20,000
If you are leasing a vehicle, do not forget your finance company. Your finance company will require you to have an active insurance policy upon taking the vehicle out of the lot. Sometimes, they will ask that you obtain coverage greater than the state minimums. Please consult with the finance company before leasing a new vehicle.
Factors Allowed in Peoria Car Insurance Rates
Peoria car insurance rates are determined by many factors, including but not limited to:
- Driving record and claims history
- Physical location
- Gender
- Age
- Marital status
- Type of vehicle
- Credit score
Maintaining a safe driving record is your best bet to keeping premiums low and peace of mind high.
Discounts for Car Insurance in Peoria
Thankfully, there are many ways to save money on car insurance in Peoria. One of these methods involves taking out a multi-policy discount, which combines your homeowners, auto, boat, RV, or other insurance policies to save on each one. Other ways you can save on car insurance include:
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Military discount
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Good student discount
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Paperless billing discount
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Anti-theft discount
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Good driver discount
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Bundling
Don’t be afraid to ask your insurance company for all the discounts you deserve on your next policy.
What Are the Penalties for Driving Without Insurance in Peoria?
Driving without car insurance in Peoria is not a great idea. if caught driving uninsured, you may have to pay a fine of up to $1,000, on top of a suspended vehicle registration and driver’s license for up to three months until you are able to pay a reinstatement fee and provide proof of insurance (SR-22 insurance.)
The number of months your vehicle registration and driver’s license will be suspended depends on your record. Repeat offenses will put you under greater scrutiny.
Note, driving with suspended license plates will also boost fines.
Get a Peoria Cheap Car Insurance Quote Today!
Getting cheap car insurance in Peoria is very easy. With a full policy, expect greater peace of mind knowing that you and your family will be covered financially in the event of an accident.
Freeway Insurance is here to help Peoria, Illinois residents find the best and cheapest car insurance policy. Get started with a quote online, visit us at a Peoria office near you, or request a free, no-obligation quote by calling us at (800) 777-5620.