On the street

By Don Dodson, The News-Gazette, Champaign-Urbana, Unwell.
McClatchy-Tribune Information Providers

March 31–Living in Champaign or Urbana can conserve you income on car insurance, relative to most other Illinois cities.

Which is one particular of the findings of ValuePenguin, a nationwide customer finance site, which compared car insurance costs for the 50 most significant cities in Illinois.

It possibly comes as little surprise that charges in central Illinois tended to be reduce than those in metropolitan Chicago.

Quincy had the lowest yearly premium, $ 667 _ virtually twenty % below the state common of $ 832.

The insurance hubs of Bloomington and Standard came in second- and third-lowest, with annual premiums of $ 689 and $ 695, respectively.

They had been followed by Champaign, at $ 706 a year, and Urbana, at $ 708 a year.

The most high-priced Illinois cities for car insurance? Cicero and Skokie, at $ one,061 and $ one,022 a 12 months, respectively. Chicago was the fifth-highest at $ 958.

ValuePenguin came up with individuals figures by obtaining quotes from 5 businesses _ Geico, State Farm, California Casualty, Amica and Allstate.

The charges are for a 30-yr-old single male driving a Toyota Camry that he owns. The automobile owner has outstanding credit score and is opting for minimal coverage below Illinois specifications.

The automobile proprietor logs among 10,000 and 15,000 miles in his motor vehicle, which he mainly utilizes to go to and from perform. The driver has had no accidents in the past 5 many years.

Some firms naturally had reduced prices than other folks.

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“Cars insured with Geico in Urbana have been only having to pay $ 39 per month or $ 468 a year _ a full 44 percent more affordable than the state common,” ValuePenguin reported.

“At the other finish of the spectrum, drivers in Skokie insuring themselves with Allstate will pay out approximately $ 143 month-to-month and $ 1,716 on an annual basis. The price is almost 4 times as considerably as … (that paid by) the driver in Urbana.”

ValuePenguin stated it is not affiliated with any insurance business.


(c)2014 The News-Gazette (Champaign, Unwell.)

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