Having bad credit likely won't keep you from getting car insurance. You'll just have to pay more for your coverage. A few states have prohibited car insurance companies from taking drivers' credit information into account when setting their rates, but Illinois is not one of them. So plan on a credit check the next time you're looking to get car insurance. Fortunately, car insurance credit checks in Illinois are considered "soft inquiries," which will not affect your credit score.
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
Drivers with bad credit pay approximately 14 percent more than average in Illinois than drivers with good credit. Insurance credit scores are just one factor companies use to determine rates, however. Companies will also look at your driving record and claims history to calculate how much risk comes with insuring you, which will in turn help set your rate.
You can get car insurance In Illinois without getting a credit check. The only problem is you'll likely pay a higher premium if you insure your vehicle with a company that doesn't check your credit. Insurers that run credit checks do so to evaluate how risky it will be to cover you and your vehicle. Without that credit information, companies will compensate for that unknown risk by charging you more.
So as much as you may not want to deal with a credit check, it's worth it to look for coverage with companies that consider your credit in their pricing. You will have a chance not only to pay less on your premium but to do a side-by-side comparison as well.
There's no shortage of car insurance companies that offer coverage for drivers with bad credit in Illinois. Many companies provide coverage for an average monthly cost of less than $200. Clearcover Inc., Mile Auto, SafeAuto, and Direct Auto provide some of the least expensive monthly rates to Illinois drivers with poor credit.
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Not surprisingly, Illinois drivers with excellent credit have the lowest average monthly car insurance cost. What's a little more surprising is that there's only a $4 per month difference in rates between drivers with good and average credit.
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Illinois drivers with bad credit may notice a large gap in prices between different cities. For example, the average monthly car insurance rate for drivers with poor credit in Peoria is $120, but it's $230 in Chicago. A number of cities fall between those two prices, like Rockford ($132) and Springfield ($160).
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Insurance prices and policies can vary significantly between companies, and a state like Illinois draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.