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| Illinois Auto Insurance Laws | |||||||||||||
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The state of Illinois requires that all automobiles registered be covered by a minimum amount of liability coverage; however, you may choose to obtain quotes on all different types of coverage available which may not only cover damage to others, but also your and your passenger injuries, as well as your vehicle's damage. IllinoisAutoInsurance.com allows you to compare quotes from agents near you or from online companies with no obligations and at no cost to you. Liability:
Uninsured Motorist:
Automobile liability amounts can be confusing. Many times you will see these numbers as 20/40/15, what does that really mean? - The first number (20) is what the insurance company will pay out for each person that is injured in an accident if you are held legally at fault for the accident. The second number (40) is what the total injury payout by your insurance company per accident. The third number (15) is what the insurance company will pay out per accident for any property damage. It is important to remember that the first and second numbers are tied together. If, for example, you were in an accident and were at fault for that accident and the accident involved 5 people and 4 were seriously injured incurring serious medical costs, a claims battle may happen between you and the other parties. If the medical bills are over $40,000, you as the at fault driver can be sued for the remainder of the costs in court. It is important to remember that the minimums listed above are just minimums. Consider purchasing protection for yourself; Additionally; your financial lending association may require you to carry different amounts of insurance including collision and and comprehensive coverage. Collision is coverage that will cover you when your auto has any type of damage or collision. This includes other objects besides autos, as an example a tree falling on your car. Comprehensive coverage covers the loss of the vehicle or its contents. It will pay for theft loss, vandalism, and natural disasters. The cost may be worth it to be covered if your car is parked in places that it may be susceptible to theft or vandalism. If you have security devices on your car, the cost of this insurance is drastically reduced. | |||||||||||||
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