If you own a vehicle, you need auto insurance.  Auto insurance can repair or replace your vehicle in case of an accident, fire, or damage caused by a storm.  Auto Insurance can protect you in case a serious accident occurs and someone is injured.

Finally, when you register a vehicle, Illinois Auto Insurance is required before the vehicle can be driven the vehicle by law.

Collision Insurance – Collision coverage pays for damage caused to your vehicle in an automobile accident. Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually also comes with a deductible. The deductible is the amount of money you pay toward repairs before your collision insurance coverage begins paying. The higher the deductible you’re willing to pay, the lower the collision coverage premium.  Although it’s not legally required by the state, most banks will likely require comprehensive coverage if your vehicle is financed or leased.

Comprehensive Insurance – Comprehensive insurance covers damage done to your car in some way other than a collision, such as if it were stolen, vandalism or catches fire.  Flood, theft, windshield damage and fire are also events usually covered by comprehensive car insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible.) Although it’s not legally required by the state, most banks will likely require comprehensive coverage if your vehicle is financed or leased.

Illinois Minimum Liability coverage – pays for losses or injuries you cause others.

• Minimum $25,000 bodily injury per person and $50,000 bodily injury per accident
• Property Damage – $20,000 minimum property damage.

While this is the state minimum requirement, we suggest our clients protect themselves by maintaining higher insurance limits.