Compare Schaumburg, IL Car Insurance Rates (2021)

On average, Liberty Mutual provides the cheapest Schaumburg, IL car insurance, but rates differ by the driver. Schaumburg, IL auto insurance must meet the state's minimum standards for liability coverage of 25/50/20 and uninsured/underinsured motorist coverage of 25/50. These limits are low, and Schaumburg drivers are encouraged to consider additional coverages.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Mar 19, 2021

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Here's what you need to know...

  • On average, Liberty Mutual has the cheapest auto insurance in Schaumburg, IL
  • Schaumburg is part of the greater Chicago metropolitan area and shares a large amount of traffic with the city
  • Drivers in Schaumburg are required to carry liability and uninsured/underinsured motorist coverages

Schaumburg, IL car insurance is less than one might expect given how close the city is to Chicago. Surprisingly, Illinois car insurance rates, in general, are around the national average.

No matter what, you want to find the most affordable Schaumburg, IL car insurance out there. Compare multiple companies to find cheap car insurance that works for you.

Enter your ZIP code now to compare Schaumburg, IL car insurance rates today.

What is the cheapest car insurance company in Schaumburg, IL?

Liberty Mutual is the cheapest car insurance provider in Schaumburg, IL on average, but rates differ by the driver.

The top Schaumburg, IL car insurance companies listed from cheapest to most expensive are:

  • Liberty Mutual – $2,425.64
  • USAA – $2,643.13
  • State Farm – $2,721.97
  • Travelers – $2,723.65
  • Nationwide – $2,742.74
  • GEICO – $2,911.71
  • Progressive – $3,824.29
  • American Family – $4,029.21
  • Farmers – $5,266.22
  • Allstate – $5,919.80

Your auto insurance rates are influenced by a variety of factors. The amount you pay depends on your age, driving record, credit history, and many other factors.

Your rates can also be affected by where you live. You can pay more for car insurance if you live in a big city with higher crime and traffic rates. For example, Chicago car insurance rates are much higher than rates in Schaumburg, even though they are part of the same area.

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What car insurance coverage is required in Schaumburg, IL?

Most states, including Illinois, required drivers to carry at least a minimum amount of car insurance.

Drivers in Schaumburg must carry:

  • $25,000 per person and $50,000 per incident for bodily injury liability
  • $20,000 per incident for property damage
  • $25,000 per person and $50,000 per incident for uninsured/underinsured motorist coverage

In the event of a serious accident, this required coverage will be exhausted quickly. Drivers should consider increasing these limits to avoid paying out of pocket for damages and injuries.

Additional coverages should also be considered. If you cause an accident, collision insurance will cover the damages to your car.

Comprehensive coverage protects your vehicle from damage that isn’t caused by an accident. Comprehensive insurance, for example, will cover losses caused by Schaumburg, IL weather conditions such as snow, ice, or falling tree limbs.

Increasing your limits and adding coverages will help you avoid costly out-of-pocket expenses down the road.

What affects car insurance rates in Schaumburg, IL?

It can come as a surprise to learn that traffic will boost your car insurance rates since you are more likely to be involved in an accident if there is a lot of traffic.

Schaumburg, which is part of the Chicago metropolitan area, sees higher traffic. INRIX doesn’t have data for Schaumburg, but it does rank Chicago, IL as the third most congested city in the U.S. and the seventh-most congested city in the world.

According to City-Data, the average commuting time in Schaumburg, IL is 35 minutes, with many drivers taking an hour or more.

Car theft can also increase your insurance rates. According to the FBI, Schaumburg had just 49 motor vehicle thefts in a year, while Chicago had 11,578 during the same period.

Schaumburg, IL Car Insurance: The Bottom Line

Schaumburg car insurance is based on many different factors, and each company will rate those factors differently. Before you buy Schaumburg, IL car insurance, shop around and compare multiple companies to find the cheapest coverage for you.

Enter your ZIP code to compare free Schaumburg, IL car insurance quotes from multiple companies today.

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