When looking for auto insurance rates in the state of Illinois, it’s best to make sure that you shop around enough to find the lowest rate possible. While most people think this task to be a tough one, the advent of the internet has made it much easier today. Since each state differs in auto insurance, you have to be careful in whom you select to make sure that you get the right type of coverage.
Liability, comprehensive and collision insurances are the most prominent and sought after insurances around, but these may not be all the coverage’s in Illinois that you need. Here are a few facts about Illinois state auto insurance coverage and what you will need to be and stay covered.
All drivers in the state of Illinois must have some form of liability coverage no matter what or you cannot legally drive a motor vehicle. The minimum liability coverage rate that you must have is $20,000 to cover injury or death of 1 person in an accident, $15,000 to cover property damage, and $40,000 to take care of death and/or injury for multiple people involved in the car crash. This is better known in the insurance industry as 20/15/40 coverage.
The main problem with having this minimum type of coverage in Illinois, or anywhere for that matter, is that it won’t cover any damage to yourself. If you get hurt or were to die in the accident, this type of coverage wouldn’t help you or your family pay for any bills, which can be immense to say the least.
In Illinois you will also have to have your insurance cover your automobile as well. This is called uninsured coverage that takes care of costs associated with accidents that happen that aren’t your fault and are done by drivers that drive and get in the accident without any insurance.
This law to have this minimum auto insurance coverage in Illinois is one that is strictly enforced. If you get pulled over for anything, even something as simple as a missing taillight and you don’t have insurance you can get a fine for $500 and even have your driver’s license suspended.
So before you go out and select a nationally known auto insurance company and pick out the cheapest form of auto insurance coverage, be sure to get the right kind of coverage for the state of Illinois.