Coverage Watch does not have a financial relationship with any car insurance companies and quote providers. Everything displayed on the site is completely free from bias and based on legitimate data.
Get Cheap Car Insurance in Loop, Chicago, IL
We monitor insurance prices, helping the average driver in Loop save up to 28.8% on car insurance.
The Cheapest Minimum Coverage in Loop
The chart below shows the cheapest car insurance company in Loop for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through State Farm, followed by Country Financial, Metromile, and American Family Insurance.
| Loop Insurer | Monthly Cost |
|---|---|
| State Farm | $56 |
| Country Financial | $61 |
| Metromile | $67 |
| American Family Insurance | $72 |
Savings for Every Kind of Loop Driver
Based on our extensive insurance data, we know the average Loop driver will save about 23% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $393 per year by choosing the right vehicle insurance company. Some Loop residents are paying out over $1,680 extra every year for auto insurance in Loop. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Loop, Chicago, IL Savings / Yr. |
|---|---|
$393 |
|
$738 |
|
$590 |
|
$619 |
|
$1,526 |
|
$439 |
|
$564 |
Loop Car Insurance vs. Chicago
People living in Loop pay an average of 11.20% more than the typical driver in the state. The average driver in Loop can expect to pay about $997 per year, or $1,680 for full coverage.
Based on our analysis, Lighthouse will be the cheapest provider in Loop for most people.
Car Insurance Prices by Loop Neighborhood
Insurance Prices
Where is insurance cheapest within Loop?
The map shows insurance prices in and around Loop, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $277 per year within the neighborhood boundaries, with insurance premiums ranging from a high of $1,865 to a low of $1,588. Insurance prices tend to be higher for those living in the Southwest area, and lower for those with homes in the East parts of Loop.Pick the Best Car Insurance Company for You in Loop
The best car insurance provider for most drivers in Loop
For drivers with clean driving records and no major strikes, Lighthouse is the best option, with annual savings of $393 over the average Loop car insurance company.
The best car insurance provider for Loop drivers with accidents on their records
In our analysis, State Farm saved the average person who had been in an accident the most, with annual savings averaging $738 over the competition.
The best car insurance company for Loop drivers with speeding tickets
>State Farm gave the average person with a speeding ticket the most savings, averaging $590 better than other car insurance companies.
The best auto insurance for Loop drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $619 less each year.
The least expensive car insurance company for new and young drivers in Loop
In Loop, State Farm costs young drivers $1,526 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Loop
State Farm gave the largest car insurance discounts to married couples, averaging $439 saved each year compared to an average Loop couple's premiums.
The cheapest car insurance in Loop for drivers with bad credit
The best Loop car insurance company for customer service
Recent price drops
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The cheapest large national provider in Loop
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Loop driver can expect to pay about $98 per month.
What About USAA?
JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Loop, USAA has the best prices for drivers with a DUI conviction, good drivers, married couples, young drivers, drivers with bad credit, drivers with accidents, and drivers with speeding tickets.Auto Insurance Prices in and Around Loop
What Influences the Cost of Car Insurance in Loop?
On average, car insurance in Loop is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the neighborhood are influenced by the following factors:
- Illinois state insurance regulations may allow for lower prices.
- An average of 0 weeks with snow on the ground, which impacts accident rates.
- Marriage rates in Loop are about average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are high, with a Vehicle Theft Crime Grade of C according to CrimeGrade.org.
- Loop is a lightly populated area in the state. The neighborhood’s density could result in a price decrease for drivers.
As a result of these and other factors, the average cost of car insurance in Loop is $83 per month for minimum coverage and $140 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.
Car Insurance in Nearby Neighborhoods
- Printers Row: Insurance costs 4.76% more
- Near North Side: Insurance costs 1.85% more
- Greektown: Insurance costs 2.56% more
- Gold Coast: Insurance costs 5.48% more
- Near South Side: Insurance costs 8.69% more
- Near West Side: Insurance costs 9.82% more
- University Village: Insurance costs 11.01% more
- Belgravia Terrace: Insurance costs 4.23% more
- Pilsen: Insurance costs 17.92% more
- Armour Square: Insurance costs 17.38% more
Neighborhoods with Similar Populations
- Back of the Yards: Insurance costs 20.30% more
- Bassett: Insurance costs 37.98% more
- Beach Haven: Insurance costs 47.98% more
- Belair: Insurance costs 3.81% more
- Santa Clara: Insurance costs 11.49% less
- Camp Pendleton South: Insurance costs 11.25% more
- East Bloomington: Insurance costs 9.05% more
- Deep Creek North: Insurance costs 24.70% less
- Port Richmond: Insurance costs 83.75% more
- South: Insurance costs 11.19% less