Palatine Car Insurance
Palatine Illinois is known for a low crime rate, stable real estate values, and wholesome character. The wooded village setting is crisscrossed with streams, dotted with many public parks and anchored by a charming downtown district.
Licensed drivers in Palatine do not have to pay the highest car insurance premiums in the nation, nor do they enjoy the lowest rates. When it comes to car insurance, Palatine rates are very much in the average range.
To be sure, licensed drivers in Palatine will pay the least for car insurance by doing careful research just prior to renewal time and also when an insurance milestone such as age or change in marital status occurs.
It is also a very good practice to re-evaluate an insurance provider after completing a three-year stretch of driving with no accidents or citations.
Illinois law requires minimum liability coverage of $25,000.00 per person and $50,000.00 bodily injury protection per accident with an additional $20,000.00 to pay for property damage caused to others.
Enter your zip code to find Illinois car insurance rates from multiple companies today!
Uninsured and underinsured motorist coverage is also a legal requirement and drivers must carry at least $25,000.00 per person and $50,000.00 per accident for bodily injury caused by uninsured and underinsured motorists.
In Illinois, uninsured and underinsured motorist protection does not cover property damage at the minimum legal level of car insurance.
Real Car Insurance Consumers in Palatine Illinois
Jeff, who is 55, is married to Sue, aged 53. Jeff is an elementary school principal and Sue is a high school English teacher. They have three adult children, all living independently.
Recently, Jeff purchased a brand-new Ford Mustang convertible. Sue has been driving her 2011 Subaru Forester since she bought it new. Sue loves her Forester and plans to drive it indefinitely. Both Sue and Jeff qualify for good driver discounts.
They have a premium level car insurance plan which is the highest level of protection.
At this time in their lives, they have accumulated assets and their higher level of protection will protect them from being sued in the event of a catastrophic accident. Premium level car insurance provides the protections listed below.
- $250,000.00 per person and $500,000.00 per accident for bodily injury
- $100,000.00 for property damage
- $250,000.00 per person and $500,000.00 per accident for uninsured and underinsured motorist bodily injury
- $100,000.00 property damage caused by uninsured and underinsured motorists
- $75.00 towing allowance
- $900.00 rental car allowance
- Full glass coverage (Glass coverage pays for glass repair for damage incurred without an accident claim)
The deductible payment for premium level coverage is $250.00.
Jeff and Sue pay $266.00 per month to Country Insurance. They could be saving hundreds of dollars per year by shopping and comparing.
The following companies offer exactly the same level of protection for Palatine drivers in Jeff and Sue’s situation for these monthly prices:
- USAA - $121.00 (must have military connection)
- State Farm - $212.00
- Farmers - $255.00
- Country - $266.00
- American Family Insurance - $292.00
- Progressive - $388.00
- Allstate - $409.00
Kate, the eldest daughter of Jeff and Sue, is 30 years old. Kate is married to Joey, aged 31.
Kate and Joey are the parents of two children under the age of 5. Joey drives a 2005 Chevy Silverado Pickup truck and Kate drives a 2009 Toyota Sienna. A year ago, Kate was involved in a non-injury accident and the police report found her to be at-fault.
Since Joey is a veteran, they are able to get an extended level policy with USAA for $137.00 per month. Extended level coverage provides the protections listed below:
- $100,000.00 per person and $300,000 per accident for bodily injury.
- $50,000.00 for property damage.
- $100,000.00 per person and $300,000.00 per accident for bodily injury caused by uninsured or
- underinsured motorist.
- $50,000.00 for property damage caused by uninsured or underinsured motorist.
- $75.00 towing allowance
- $600.00 rental car coverage.
Extended level coverage has a $500 dollar deductible and does not include glass coverage.
Kate and Joey could pay the following monthly premiums for extended level car insurance in Palatine:
- USAA - $137.00
- Country - $178.00
- State Farm - $179.00
- Farmers - $288.00
- Liberty Mutual - $301.00
- Allstate - $301.00
- Progressive - $314.00
If Kate and Joey chose to pay more for the higher level of protection offered by premium level, their choices would be as follows:
- USAA - $178.00
- Country - $226.00
- State Farm - $229.00
- Farmers - $340.00
- Allstate - $365.00
- Liberty Mutual - $410.00
- Progressive - $499.00
Sharon, 43, is a single mother of two teens, a girl (Crystal), age 13, and a boy (Josh) who is about to celebrate his 17th birthday.
Sharon has a good job with UPS, but as a single parent, finances are always a little tighter than with two income households.
Josh gets good grades and is very responsible. Sharon has assured Josh that if it is within their capabilities, they would purchase an additional vehicle and Josh could get his driver’s license. Currently, Sharon owns one vehicle which is a 2008 Honda Civic that she has covered with a basic level insurance policy.
The basic level of car insurance provides the following protections:
- $50,000.00 per person and $100,000 per accident for bodily injury.
- $25,000.00 for property damage.
- $50,000.00 per person and $100,000.00 per accident for bodily injury caused by uninsured or
- underinsured motorist.
- $25,000.00 for property damage caused by uninsured or underinsured motorist.
- $50.000.00 towing allowance
Basic level coverage has a $500.00 deductible payment requirement.
Sharon’s car insurance is with Country Insurance at $107.00 per month. Several years ago, Country had the best prices available to Sharon at the time.
Basic level car insurance in Palatine is available at the following monthly prices for a driver with Sharon’s driving experience and who is the same age.
- USAA - $62.00
- State Farm - $95.00
- Country - $107.00
- American Family - $112.00
- Farmers - $135.00
- Progressive - $138.00
- Liberty Mutual - $159.00
- Allstate - $178.00
Josh is ready to take his driver’s test.
In order to take the physical test, he must prove he is one of the drivers on the insurance policy. Country insurance will add him to Sharon’s policy at no charge, but when Josh passes the drivers test and gets his license, the monthly insurance bill to Country will increase to $696.00.
This insurance increase is way past the capability of this household. Sharon and Josh postpone the driver’s test and do some research.
They confirm that it is very expensive to add a newly licensed driver to a car insurance policy, but the same insurance is available from other companies at a much lower monthly payment.
- USAA - $155.00
- State Farm - $247.00
- Farmers - $303.00
- American Family - $310.00
- Liberty Mutual - $381.00
- Progressive - $428.00
- Allstate - $667.00
- Country - $696.00
It isn’t just Josh that wants him to have driving privileges.
Sharon believes having another licensed driver around would be a real time saver, but they will still have to share a car and they are looking closely at justifying the additional cost of insurance while sharing a car.
They discover that car insurance will start dropping after Josh’s 18th birthday. By the time Josh is 19, car insurance is within their level of affordability.
Josh and Sharon agree that Josh will wait until his 18th birthday to get his license. In the meantime, both will save and buy an older car for Josh to drive. Josh has agreed to find a part-time job to pay for at least part of the cost of another car and insurance.
At today’s prices, the monthly car insurance bill for Josh, Sharon and two cars will look like the following once Josh turns 18:
- USAA - $176.00
- State Farm - $255.00
- Farmers - $335.00
- American Family - $401.00
- Progressive - $423.00
- Liberty Mutual - $563.00
- Country - $723.00
- Allstate - $738.00
Some licensed drivers place a high importance on working with an agent who is familiar to them and others believe some providers give better quality service.
The price of the premium is not the only factor in choosing car insurance. Not all insurance agencies offer car insurance to all drivers. Some agencies charge certain drivers such high prices that it is obvious that they are not concerned about the consumer shopping elsewhere for insurance.
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