Helpful agents are standing by: (312) 470-6943
Press play below to listen to our audio commercial:

Understanding What Car Insurance In Illinois Is All About

If you are a car owner in Illinois, it is necessary that you read and be acquainted with the Illinois cae insurance law. Car insurance in IL is compulsory for citizens. This is beneficial to you as a car owner and other car owners as well. How?

Sometimes, accidents are likely to occur as you drive on highways or street roads. When such accidents occur, damages are done to you, your vehicle, the other person’s vehicle and the person might also be injured. If you are the cause of the accidents, you are obliged to pay for damages and medical bills. What happens if you are not financially or medically stable at that instance? This is where insurance coverage comes in. The insurance company that insures your car will take the responsibility of paying for the damages to your car and the other person’s car. The company can also cover your medical bills and the other person’s medical bills since a claim has been filed against you. These are some of the benefits of owning good car insurance in IL.

Illinois car insurance law requires all its citizens to have auto liability insurance. Even companies that lend out vehicle are required to own physical damage insurance policy. The minimum coverage requirement for bodily injury is $20,000 for each person injured in a particular accident. Also there is a $40,000 plan that covers bodily injury for all persons injured in a particular accident. The minimum coverage for property damage is $15; this covers damages done to another vehicle or others in a particular accident.

Another is the uninsured motorist coverage. In this case, you have an option of paying for the amount of damage done. The expense paid must be equal to the bodily injury liability. Unlike the $40,000 coverage, you pay for the damage done and not paying excessively.

In clearer sense, auto liability insurance in Illinois covers costs of property damage and bodily injury. Property damage includes damages done to another person’s car or property like buildings and fences as a result of carelessness from the policyholder while bodily injury includes injuries or death to another vehicle owner, pedestrians and house occupants. If a vehicle is insured, anyone who has a permission to use it can use this coverage also. If the issue of who is at fault gets complicated, the case can be settled in a court house.

Uninsured motorist (UM) and underinsured Motorist (UIM) coverage is mandatory in Illinois. The uninsured motorist coverage is beneficial when you are hit by a runaway driver or hit and run driver. All damages and bodily injuries are paid for by your insurer no matter who is at fault. A car owner might also need comprehensive or collision coverage in the case of physical damage. When your vehicles are properly insured you will be free from the worries of damages to your car.

Insurance law in IL is also similar to other states should you be moving to another location. The benefits and importance of car insurance in IL cannot be over emphasized.