Illinois Auto Insurance
Rules and Regulations of Auto Insurance in Illinois
As the 5th most populated state, it is imperative to sustain strict regulations and guidelines for the State of Illinois. The mandatory insurance law is one of the most significant consumer protection measures within the nation but that is only to reduce crashes, deaths and injuries. The impact of these laws has shown substantial declines in these areas as shown by the chart below.
Illinois auto insurance laws states that the minimum amounts will be complied:
- Injury or death of one person in an accident = $20,000
- Injury or death of more than one person in an accident = $40,000
- Damage to property of another person = $15,000
One must always have their insurance card in their vehicle at all times, and show it upon request by any law enforcement officer. Once you purchase Illinois auto insurance, your insurance company will send you an insurance card. Your signature on the Vehicle Renewal Registration Application confirms that your car will be insured throughout the registration period.
Required Auto Insurance Coverages for the State of Illinois:
- Liability Coverage
- Bodily Injury
- Property Damage
- Uninsured Motorist Bodily Injury Coverage
- Underinsured Motorist Bodily Injury Insurance
Note: You may want to consider buying higher limits because the state minimums may not be enough to fully protect you from lawsuits. Many vehicles today are worth more than $15,000 and medical bills for injuries could easily exceed $20,000 for one person. If you are found negligent in an accident and the damages exceed your insurance limits, you can be sued in court for those amounts not covered by your provider.
Insurance companies set an amount for each type of group based on certain factors. Here are a few that will affect your premium rates.
- Clean driving record
- Type of vehicle
- Type of safety features in a vehicle
- Good credit history
- Maintaining good grades
These reasons will either increase or decrease your premiums, and by finding out what Illinois insurance company offers is very important if you are looking for an affordable plan. By acquiring car insurance quotes, you get to compare coverage options and prices, and tailor your needs to each package. You can enter your zip code below to get started and see how much you can save.
Here are top Illinois car insurance companies to get you started on your search, if you’re thinking of buying or switching.
Obtaining Illinois auto insurance is straightforward when you have the knowledge and fundamentals figured out. The next step is to go quote shopping. Start by finding out what you are looking for in terms of coverage, see what benefits each company provides, and get car insurance quotes to see how much you could save on your monthly premiums.
Sources:
Cyber Drive Illinois
DOI: Illinois Department of Insurance
Car Insurance Comparison
Farmers Insurance Group
21st Century
American Family
Auto-Owners
Country Financial
Erie Insurance
Grange Insurance
Kemper Independence
Progressive
Shelter
State Farm
USAA
Allstate
Health Plan One A
Illinois Health Matters
Health Plan One
