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Smart Shoppers Guide to Illinois Auto Insurance

 

Smart shoppers make decisions based upon solid information; generally that information is gotten through their own research. Buying Illinois auto insurance is an important financial decision that requires you to be a smart shopper to get the appropriate protection for you. What follows is some necessary information for you to know in order to make a smart decision regarding your Illinois auto insurance.

 

Illinois Auto Insurance Minimum Requirements

The minimum requirements for Illinois auto insurance is 20/40/15 liability insurance. That is $20,000 for bodily injury per person, $40,000 total bodily injury for an accident, and $15,000 for personal property damage. This is liability insurance, so it does not cover you, but those you involve in an accident.

These are the minimum requirements, but it is recommended that you get liability insurance of 100/300/100 to be appropriately protected. With the high cost of medical bills these days, 20/40/15 could leave you with much more to pay out of your own pocket if something does happen.

All Illinois auto insurance companies are required to put uninsured/underinsured coverage on a policy, but you do have the right to remove this coverage from your Illinois auto insurance policy. Again, if you can afford this type of coverage, you should consider it. It is generally very inexpensive.

 

Discounts on Illinois Auto Insurance

The one thing you are going to want to know as a smart shopper is the Illinois auto insurance discounts that may be available to you. Different Illinois auto insurance companies will offer different discounts, but there are some general ways to save money on auto insurance that you will find from most Illinois auto insurance companies.

 

• Accident Free Driving Record
• Anti-theft Devices on Vehicle
• Bundle Policy with Other Insurance Products
• Good Credit History
• Good Student Discounts
• Professional Discounts (Military, Scientists, Teachers, etc.)

 

There are many other discounts that may be offered by the various Illinois auto insurance companies. You can contact any Illinois auto insurance company and get a complete list of their discounts and how you may qualify for them.

 

The Right Illinois Auto Insurance Policy

It is important to get the right Illinois auto insurance policy for you. That means getting the proper amount of coverage, no more and no less. This will save you money on your premiums while at the same time giving you the appropriate protection on the road.

Here are the main types of Illinois auto insurance policies.

 

• Liability: Protects others and their property if you are found at-fault in an accident.
• Collision: Covers damages to your vehicle if you are involved in a collision
• Comprehensive: Includes liability and collision, in addition to coverage for vandalism or virtually anything else that may damage your vehicle.
• Uninsured/underinsured: Covers you in case you are involved in an accident with an uninsured driver or an underinsured driver.

 

If you have an old vehicle that no longer has much value, you most likely will only need liability coverage. If your vehicle has value and you are still paying on the loan, you will need to have comprehensive coverage.

You also need to consider your coverage limits as well as what you want to set your deductibles to be. The higher your limits on specific coverage options, the more you will have to pay on Illinois auto insurance premiums. As mentioned before, liability limits are recommended to be set at 100/300/100, but if you live in a rural area, you can consider lowering these limits.

Your deductible will also affect your Illinois auto insurance premiums. The higher your deductible the lower your premiums, but the more out-of-pocket expense you will have. A normal Illinois auto insurance deductible is $500, but you should decide based upon your own budget how much you can afford to pay out before your Illinois auto insurance kicks in.

 

Research Illinois Auto Insurance

Researching Illinois auto insurance companies and the various policies will greatly benefit you as you search for Illinois auto insurance. Don't forget the importance of researching the auto insurance company. You will be dealing with them in emergency situations when you may be distraught, frustrated and vulnerable, so you will need to trust them.

Also, get as many Illinois auto insurance quotes as possible to help you make a decision. By doing so, you will understand the pricing structures of the different companies; you can play with the deductibles and limits to see how they change your premiums. By comparing Illinois auto insurance quotes, you will put yourself in a situation to make the best decision on the purchase of your Illinois auto insurance.

 

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