Best Cheap Auto Insurance in Schaumburg, IL (2021)

Schaumburg, IL auto insurance rates start at $293 per month or $3,520 annually on average. However, your rates depend on your age, driving record, and coverage needs. The cheapest Schaumburg, IL auto insurance company is Liberty Mutual. All Schaumburg residents must carry the Illinois minimum state requirements of 25/50/20 in liability coverage plus uninsured motorist protection to legally drive on the roads.

Free Auto Insurance Comparison

 Secured with SHA-256 Encryption

Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: May 13, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Things to Remember

  • On average, Schaumburg, IL auto insurance costs $293 per month or $3,520 annually
  • Liberty Mutual offers the cheapest auto insurance in your city
  • Premiums in your town are average to low compared to the rest of Illinois

Schaumburg, Illinois auto insurance is low priced compared to the rest of the state. However, your Schaumburg, IL auto insurance premiums depend on your driving record, age, and coverage needs.

Keep reading to compare actual auto insurance rates from the top providers in your city and learn how to secure cheap Schaumburg auto insurance.

Compare Schaumburg, IL auto insurance quotes for free by entering your ZIP code into our rate tool above.

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

The cheapest Schaumburg, IL auto insurance company is Liberty Mutual. However, there are many different factors that affect auto insurance rates, including age, driving record, and coverage needs.

Below, compare the average annual rates for coverage from the top providers in your city:

  • 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

Every company uses a different formula when calculating auto insurance premiums.

To truly secure affordable Schaumburg, IL auto insurance, compare quotes from more than one of the providers listed above.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

What auto insurance coverage is required in Schaumburg, IL?

By law, Schaumburg residents must carry enough coverage to meet the state auto insurance requirements.

Currently, New Jersey drivers must purchase at least:

Illinois is an at-fault or tort state. Your liability insurance covers the damage to the other driver if you ever cause an accident.

What affects auto insurance rates in Schaumburg, IL?

Minimal traffic congestion and low auto theft statistics help keep your Schaumburg, IL auto insurance rates down.

While there is no data specifically for Schaumburg, INRIX ranks the nearby city of Elgin, IL as the 210th most congested city in America.

However, most commuters in your city drive longer than the national average of 26 minutes.

According to City-Data, the average drive to work for a Schaumburg resident takes 29.4 minutes.

Fortunately, your city also has meager auto theft statistics, which keeps your regional rates low.

The Federal Bureau of Investigation (FBI) recorded only 49 car thefts in your city in 2017. That’s a minimal rate of 65.8 stolen vehicles per 100,000 residents.

Schaumburg, IL Auto Insurance: The Bottom Line

Overall, Schaumburg auto insurance costs are average to low compared to the rest of Illinois.

For example, auto insurance in Chicago, IL costs $374 per month on average compared to $293 in Schaumburg.

To secure your best insurance prices, ask about auto insurance discounts and compare quotes from multiple Schaumburg providers.

You can buy Schaumburg, IL auto insurance right now by entering your ZIP code into our free quote tool below.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption