Insurance Costs in Peoria, IL
Auto insurance in Peoria averages $1,766 per year for full coverage, which is higher than the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Peoria, IL: What You Need to Know
Peoria residents pay an average of $1,766 per year for full coverage auto insurance, which is 5.0% above the Illinois state average and 5.5% above the national average.
With a population of 113,150, Peoria is a mid-size city in Illinois. Insurance rates here are typical for the state.
Coverage Level Comparison
| Coverage Type | Annual Cost | Monthly Cost |
|---|---|---|
| Full Coverage (100/300/100) | $1,766 | $147 |
| Standard Coverage (50/100/50) | $1,448 | $121 |
| State Minimum (25/50/20) | $742 | $62 |
Homeowners Insurance in Peoria, IL
The average cost of homeowners insurance in Peoria is $1,578 per year ($132/month), which is 13.3% below the national average.
Home insurance costs are influenced by local factors including weather risks (hail, wind, flooding), property values, local building costs, and proximity to fire stations.
Renters Insurance in Peoria, IL
Renters insurance in Peoria averages $192 per year ($16/month). Renters insurance is affordable and protects your personal belongings, provides liability coverage, and may cover temporary living expenses if your rental becomes uninhabitable.
Compare with Other Illinois Cities
How to Save on Insurance in Peoria
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Peoria can vary by $500 or more between companies for the same coverage.
- Bundle auto and home/renters. Many companies offer 10-25% off when you carry multiple policies.
- Increase your deductible. Raising your deductible from $500 to $1,000 can cut your premium by 15-30%.
- Ask about local discounts. Some insurers offer discounts for anti-theft devices, safe driving courses, or parking in a garage.
- Review coverage annually. Your needs change over time. Make sure you are not paying for coverage you do not need.
Frequently Asked Questions
How much is car insurance in Peoria, IL?
The average cost of car insurance in Peoria, IL is $1,766 per year for full coverage, or about $147 per month. Minimum coverage costs around $742 per year.
Is car insurance expensive in Peoria?
Car insurance in Peoria is about average for the U.S.
How much is home insurance in Peoria?
Homeowners insurance in Peoria costs an average of $1,578 per year. Your actual cost depends on your home's value, age, construction type, and specific location.