Not only is Illinois the fifth most populated state in the country after New York, California, Texas and Florida, it is also one of the most heavily traveled. Whether people are just passing through on Intestate 80 heading up to the Windy City for vacation or business, the vast amounts of cars on Illinois roads make it absolutely necessary that Illinoisans maintain at least the minimum required car insurance for their vehicles. CarInsuranceQuotes.com understands how expensive car insurance coverage can be and that is why CarInsuranceQuotes.com searches online for our customers and find them the lowest possible insurance quotes from companies they can trust such as Progressive, Allstate and Nationwide.
It’s true that on average, Illinois motorists pay less for their car insurance premiums than many other states. In fact, the average costs for insurance premiums dropped .5% from $1556 in 2006 to $1548 in 2007, making Illinois the eighth lowest state in the country. The costs of each individual’s insurance premiums can vary widely, however, depending on factors such as the type of vehicle they own, their credit history and their driving record. This could cause a person’s insurance costs to be much higher or much lower than the average.
Minimum Illinois Car Insurance Requirements
Each state sets a minimum amount of liability coverage that it requires its motorists to maintain for their vehicles and Illinois is no different. The minimum liability coverage in the state of Illinois for bodily injury and property damage protection is set at 20/40/15. These numbers represent the minimum coverage in thousands of dollars for each insured individual.
• Bodily Injury Liability- In the event that a person is deemed to be at fault in an accident, bodily injury liability covers the medical expenses of the other involved persons. If minimum coverage is obtained, an insurance company will pay a maximum of $20,000 per person up to a total of $40,000 for all persons per incident.
• Property Damage Liability- Property damage liability covers damages to a person’s vehicle as well as buildings, road signs or other public property. With minimum coverage, an insurance company will pay out a maximum of $15,000 to cover property damage expenses.
Unfortunately, with the ever-rising costs of medical treatment and repairs, the minimum insurance requirements may not be adequate to cover the costs of all the damages. For this reason, the state of Illinois recommends that its motorists carry better than minimum liability insurance on their vehicles as well as some form of Comprehensive and Collision coverage to pay for damages to their own vehicle if they are deemed to be at-fault in an accident or their vehicle is damaged by wildlife or natural events like hail or falling tree limbs.
Unlike many other states, Illinois also requires its motorists to obtain Uninsured/Underinsured Motorist protection. UM protection helps pay for damages to the insured’s vehicle when the at-fault driver does not have adequate insurance coverage or their vehicle is damaged during a hit and run.
Unfortunately, many Illinois residents pay too much for their car insurance premiums. The reason for this is that searching for and comparing different insurance quotes from car insurance companies can be very time consuming and most people tend to go with the first company they find. CarInsuranceQuotes.com has made finding low-cost car insurance quotes online quick and easy for Illinois residents so they can find the quotes they need and get on with the rest of their day’s business. After entering their Zip code and answering a few questions about their driving history, CarInsuranceQuotes.com will search our partner companies and come back with multiple quotes that our customers can choose from. And the entire process takes less than five minutes!