Buy Cheap Panama, IL Auto Insurance (2022)

Panama, IL auto insurance rates average $264 a month. Minimum auto insurance requirements in Panama, Illinois are 25/50/20 to comply with Illinois laws. To buy cheap auto insurance in Panama, IL, compare Panama auto insurance quotes from top companies.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 20, 2021

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A Concise Overview

  • Average auto insurance rates in Panama, IL for teens drivers are $6,006/year
  • The most expensive auto insurance company in Panama is Allstate
  • Average auto insurance rates in Panama, IL are $264/month

Finding affordable Panama, Illinois auto insurance can be challenging, but everything you need to know to buy cheap Panama, IL auto insurance with confidence is right here. Auto insurance rates in Panama are affected by local factors as well as personal ones like your driving record.

See how Panama, IL car insurance rates compare to Chicago auto insurance rates, Aurora auto insurance rates, and Cicero auto insurance rates before you read more about the cost of auto insurance in Panama.

Don’t buy Panama, IL auto insurance until you’ve compared rates. Get free Panama, Illinois auto insurance quotes when you enter your ZIP code above.

Panama, IL Minimum Auto Insurance Requirements

The required auto insurance in Panama, IL is 25/50/20 according to the auto insurance laws in Illinois. The minimum auto insurance in Panama, Illinois is outlined here.

Minimum Required Auto Insurance Coverage in Panama, Illinois

Liability Insurance Required Minimum Coverage Limits Required
Bodily Injury Liability Coverage $25,000 per person
$50,000 per accident
Property Damage Liability Coverage $20,000 minimum

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Find Cheap Panama, IL Auto Insurance by Credit History

Your credit can have an impact on what you pay for auto insurance in Panama, IL. Take a look at Panama, Illinois auto insurance rates by credit history.

Annual Auto Insurance Rates by Credit Score in Panama, Illinois

Insurance Company Poor Fair Good
Allstate $6,032 $4,337 $3,788
American Family $4,999 $3,383 $2,856
Farmers $4,829 $4,058 $3,861
GEICO $4,119 $2,014 $1,571
Liberty Mutual $3,337 $2,075 $1,652
Nationwide $4,051 $3,258 $2,850
Progressive $3,570 $3,025 $2,795
State Farm $3,115 $1,865 $1,446
Travelers $3,097 $2,489 $2,023
USAA $3,795 $2,603 $2,144

Buy Cheap Panama, IL Auto Insurance by Age, Gender, and Marital Status

Do age, gender, and marital status affect Panama, Illinois auto insurance rates? Find out how car insurance rates in Panama, IL are impacted by demographics.

Annual Auto Insurance Rates by Age, Gender, and Marital Status in Panama, Illinois

Insurance Company Married 35-Year-Old Female Married 35-Year-Old Male Married 60-Year-Old Female Married 60-Year-Old Male Single 17-Year-Old Female Single 17-Year-Old Male Single 25-Year-Old Female Single 25-Year-Old Male
Allstate $3,031 $3,046 $3,153 $3,153 $7,734 $10,062 $3,641 $3,934
American Family $2,351 $2,351 $2,146 $2,146 $6,511 $9,083 $2,351 $3,027
Farmers $2,282 $2,284 $2,024 $2,139 $9,756 $10,178 $2,605 $2,728
GEICO $1,621 $1,622 $1,521 $1,797 $4,847 $5,129 $2,028 $1,979
Liberty Mutual $1,458 $1,575 $1,208 $1,352 $4,778 $5,320 $1,528 $1,618
Nationwide $2,151 $2,193 $1,906 $2,027 $5,937 $7,652 $2,506 $2,722
Progressive $1,810 $1,711 $1,489 $1,560 $6,581 $7,384 $2,159 $2,343
State Farm $1,374 $1,374 $1,218 $1,218 $3,798 $4,833 $1,550 $1,771
Travelers $1,609 $1,699 $1,465 $1,562 $4,633 $5,815 $1,707 $1,799
USAA $1,695 $1,726 $1,574 $1,552 $5,485 $6,055 $2,235 $2,459

Buy Cheap Panama, IL Auto Insurance for Teen Drivers

Auto insurance for teenagers in Panama can be expensive, but shopping around can make a difference. Average rates for teen auto insurance in Panama, IL are listed here.

Annual Auto Insurance Rates for Teen Drivers in Panama, Illinois

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $7,734 $10,062
American Family $6,511 $9,083
Farmers $9,756 $10,178
GEICO $4,847 $5,129
Liberty Mutual $4,778 $5,320
Nationwide $5,937 $7,652
Progressive $6,581 $7,384
State Farm $3,798 $4,833
Travelers $4,633 $5,815
USAA $5,485 $6,055

Buy Cheap Panama, IL Auto Insurance for Seniors

You can save on senior auto insurance rates in Panama, Illinois by comparing Panama senior car insurance quotes from multiple companies. Take a look at the average cost of auto insurance for seniors in Panama, IL here.

Annual Auto Insurance Rates for Senior Drivers in Panama, Illinois

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $3,153 $3,153
American Family $2,146 $2,146
Farmers $2,024 $2,139
GEICO $1,521 $1,797
Liberty Mutual $1,208 $1,352
Nationwide $1,906 $2,027
Progressive $1,489 $1,560
State Farm $1,218 $1,218
Travelers $1,465 $1,562
USAA $1,574 $1,552

Find Cheap Auto Insurance Rates in Panama, IL by Coverage Level

The amount of coverage you choose is a big factor in the cost of Panama, Illinois auto insurance. Compare Panama, IL auto insurance rates by coverage level.

Annual Auto Insurance Rates by Coverage Level in Panama, Illinois

Insurance Company Low Medium High
Allstate $4,585 $4,715 $4,858
American Family $3,633 $3,882 $3,723
Farmers $4,044 $4,149 $4,556
GEICO $2,377 $2,564 $2,762
Liberty Mutual $2,225 $2,350 $2,489
Nationwide $3,388 $3,412 $3,360
Progressive $2,896 $3,118 $3,375
State Farm $2,032 $2,145 $2,249
Travelers $2,375 $2,533 $2,701
USAA $2,663 $2,845 $3,035

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Find Cheap Panama, IL Auto Insurance Rates by Commute

How long you’re in your car each day affects the cost of auto insurance in Panama. Compare auto insurance rates in Panama, IL by commute length to see how your daily commute impacts your rates.

Annual Auto Insurance Rates by Commute Length in Panama, Illinois

Insurance Company 10 Mile Commute, 6,000 Annual Mileage 25 Mile Commute, 12,000 Annual Mileage
Allstate $4,719 $4,719
American Family $3,697 $3,794
Farmers $4,250 $4,250
GEICO $2,519 $2,617
Liberty Mutual $2,355 $2,355
Nationwide $3,387 $3,387
Progressive $3,130 $3,130
State Farm $2,088 $2,196
Travelers $2,436 $2,636
USAA $2,767 $2,927

Find Cheap Panama, IL Auto Insurance Rates by Driving Record

Auto insurance rates in Panama, Illinois are impacted by your driving record. If you’re looking for lower bad driving record auto insurance rates in Panama, IL, take a look at the average cost for various violations versus rates for a clean driving record in Panama.

Annual Panama, Illinois Auto Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,422 $5,702 $5,309 $4,444
American Family $2,752 $3,912 $5,196 $3,124
Farmers $3,590 $4,625 $4,509 $4,274
GEICO $1,896 $2,518 $3,482 $2,376
Liberty Mutual $1,963 $2,780 $2,448 $2,227
Nationwide $2,715 $3,535 $4,168 $3,129
Progressive $2,581 $3,826 $2,855 $3,258
State Farm $1,967 $2,317 $2,142 $2,142
Travelers $2,017 $2,644 $2,953 $2,531
USAA $2,029 $2,916 $3,998 $2,447

Find Cheap Panama, IL Auto Insurance Rates After a DUI

The cost of DUI auto insurance in Panama, Illinois is higher than for a clean driving record. You can buy auto insurance after a DUI in Panama for less when you shop around and compare rates from multiple Panama, IL auto insurance companies.

Annual Auto Insurance Rates After a DUI in Panama, Illinois

Insurance Company Annual Auto Insurance Rates With a DUI
Allstate $5,309
American Family $5,196
Farmers $4,509
GEICO $3,482
Liberty Mutual $2,448
Nationwide $4,168
Progressive $2,855
State Farm $2,142
Travelers $2,953
USAA $3,998

Winners by Category: Where to Buy Cheap Auto Insurance in Panama, IL

Compare rates from the cheapest auto insurance companies in Panama, IL for your needs. Take a look at how Panama, Illinois auto insurance companies stack up for each category.

Best Annual Auto Insurance Rates by Company in Panama, Illinois

Category Insurance Company
Teenagers State Farm
Seniors State Farm
Clean Record GEICO
With 1 Accident State Farm
With 1 DUI State Farm
With 1 Speeding Violation State Farm

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Find Cheap Panama, Illinois Auto Insurance Companies

If you’re looking for the cheapest Panama, IL auto insurance companies overall, you can compare them here. Find the best price for Panama, Illinois car insurance by company.

Average Annual Auto Insurance Rates by Company in Panama, Illinois

Insurance Company Average Annual Rates
Allstate $4,719
American Family $3,746
Farmers $4,250
GEICO $2,568
Liberty Mutual $2,355
Nationwide $3,387
Progressive $3,130
State Farm $2,142
Travelers $2,536
USAA $2,847

What affects Panama, Illinois auto insurance rates?

Local factors affect auto insurance rates in Panama, IL, including traffic, theft statistics, and commute length. Take a look at the things that impact Panama auto insurance rates.

Commute Times in Panama

Drivers who spend more time on the road are at a higher risk of an accident. The average commute length in Panama, IL is 35.1 minutes according to City-Data.

Traffic in Panama

How is traffic in Panama, Illinois? Inrix data shows that Panama, IL traffic makes it the 336th-most congested city compared to other cities worldwide.

Compare Auto Insurance Quotes in Panama, IL

You can buy cheap Panama, IL auto insurance with confidence that you’re getting the best deal. Enter your ZIP code below for free Panama, Illinois auto insurance quotes from top companies.

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