Car Insurance in Illinois
Illinois Care Insurance
Every state in the US requires the motorists within it to carry car insurance. Illinois is no exception to this rule. As with every other US state, Illinois car insurance is a means of helping motorists protect themselves in the event of an emergency. Even the most veteran driver cannot predict an accident or the extent of the damage that may incur. Having insurance gives you the safety and security you need.
Driving a car without insurance coverage is a violation of the law, punishable by heavy fines and a confiscation of your driving privileges. The state also enforces a minimum amount of coverage that you must carry; details of the exact amounts can be found on the Illinois DMV’s website, but the general breakdown is as follows:
- $20,000 of coverage for an injury or death to one person in a single accident.
- $40,000 of coverage for injuries or deaths to more than one person in a single accident.
- $15,000 property damage coverage.
If you operate any vehicle which requires a license plate, this is the base amount you must absolutely carry. However, this amount of Illinois car insurance may not be enough for all drivers in the state. Some may have high-value assets in their vehicles which they wish to protect. If you want to explore your options and find an insurance policy which is suited to your needs, speaking with an insurance agent can help you do so. Most insurance agencies will also encourage you to opt for a policy which offers greater coverage. Unless your main aim is to save costs, you should consider this option too. Though you will have to pay a slightly higher amount in premium, the protection you get is highly customized and comprehensive.
The idea of insurance may seem like a forced expense you have to make, but the truth is that insurance helps save lives in emergencies. Should you encounter a crisis, the one thing that your mind will certainly not have to worry about is paying large amounts of money in medical bills and damage repairs.
How do companies provide cheap car insurance in Illinois?
Whether it is a full-fledged car insurance policy or financial liability coverage, also termed as SR22, there are online services that use rating software to compare and contrast the quotes offered by different companies. The average annual premium that vehicle owners pay was around $1,185 back in 2011, which comes down to $98 on a monthly basis.
What are the basic Illinois car insurance requirements?
The state of Illinois requires that all vehicle owners comply with the bare minimum of insurance coverage requirements. These are mandatory requirements and are $20,000 for bodily injury or a fatal accident involving one person or $40,000 for more than one persons. The minimum amount for addressing the financial liability in the case of property damage is $15,000.