Driving may see m like a safe activity, but it's actually rather
risky. Most people manage to get through the driving they need to do
each day without incident. However, every year millions of Americans
are involved in auto accidents. Since driving is an inherently
dangerous activity, the state of Illinois requires that drivers protect
themselves and others by purchasing auto insurance. If you cause an
auto accident, you are responsible for the damages, even if the
accident was unintentional on your part. Here's how auto insurance
protects you: in exchange for paying a set fee each month, your auto
insurance company agrees to pay for any damages that you cause in an
auto accident, up to the limits of your auto policy. You can also
purchase coverages that will cover some of your damages if you get in
Auto Insurance Agents
Need to find an auto insurance agent in your area? Read
Since different companies take different factors into consideration
when they determine your premium, it's important to shop around. Your
goal is to find the Illinois auto insurance company whose rating system
gives you the best deal. There a couple of different ways to compare
prices. If you like shopping online, there are many websites that will
take your information and generate quotes for you. If you prefer a more
personal touch, you can contact an independent agent or broker. Just
make sure you use someone who works with many different Illinois auto
insurance companies and can shop around to find you the best rate
possible. Read more...
Increased coverage costs more money, but you can reduce your premium
by making sure that your insurer is giving you all the discounts you
are qualified for. Did you know that many companies give discounts to
customers that own their own homes? It's true! According to insurance
company statistics, people that own their own homes are less likely to
be in an auto accident, so insurance companies will often take a little
bit off of your premium if you are a homeowner. Read more...
Under state law, you must purchase an Illinois auto insurance policy
for any vehicle that you drive. The state can verify that you have
insurance if you get stopped and an officer requests your insurance
card, or you may be requested to provide your insurance information as
part of Illinois' random insurance verification program. In this
program, the state mails out insurance questionnaires to licensed
drivers chosen at random. You must respond to the questionnaire by
providing your insurance information to the state. Read more...
Levels of Auto Insurance
Fortunately, it is possible to buy higher limits of coverage from
Illinois auto insurance companies. For example, you can buy higher
limits of bodily injury and property damage liability. Read more...
Risks of Not Having Auto Insurance
Driving without Illinois auto insurance is not smart. By doing so,
you risk being held liable for any damages you cause while you are
behind the wheel of an uninsured vehicle. Can you afford to pay for
someone else's hospital stay and rehabilitation all by yourself? Can
you afford to buy the other party a new car? If you can't, then
you obviously need insurance. If you cause an accident, you could end
up paying those debts off for the rest of your life. If you can, then
obviously you can also afford an Illinois auto insurance policy, which
will help protect your assets. Read more...
Illinois Motorcycle Insurance
In Illinois, motorcycle riders are required to carry insurance for
their bikes, just like drivers of cars are. The minimum legal limits
and coverages are the same for motorcycles as they are for automobiles:
BI limits of 20,000/person and $40,000/accident, and PD at
Types of Coverage
When you buy an insurance policy, it's important to understand
what's included in the contract, as well as what's not included.
Unfortunately, insurance contracts use unique vocabulary, and for many
people, they are almost as easy to read as ancient Egyptian
hieroglyphics. This guide will assist you in deciphering your insurance
contract by explaining the different coverages available in Illinois.
What Affects Insurance Rates?
Your premium is calculated based on a variety of different factors,
including the location where your vehicles are garaged, your age,
gender and marital status, and of course your driving record. For most
insurance companies, the number of tickets, accidents and driving
points on your driving record is the single most important factor in
determining how much you pay for your Illinois auto insurance policy.
Just one Illinois speeding ticket can drastically increase your premium
at the next renewal. Read