If you can't drive your car because of a covered loss, this coverage helps pay for a car rental or other transportation expenses so you can get back on the road. If, instead, you're looking for a policy that balances quality with affordability, MoneyGeek also ranked the top Illinois auto insurance companies. Not having car insurance in many states can make you a high-risk driver when buying car insurance. The consequences of driving without insurance exceed the monthly insurance premium and may result in the following penalties.
While Illinois's minimum car insurance requirements can help ensure that drivers are protected, they may not be sufficient if medical bills and other costs skyrocket. Yes, Illinois drivers can recover compensation for the reduced value of the at-fault party's insurance company. Illinois auto insurance laws require that all drivers have car insurance to drive within the state. In some states, your vehicle can be towed and you won't be able to claim it until you present proof of insurance.
To help drivers understand car insurance laws in Illinois, MoneyGeek has answered some frequently asked questions below. Some car insurance qualifying factors, such as your driving history, can significantly affect your insurance costs. Illinois drivers must obtain an auto insurance policy that includes a minimum amount of liability coverage. Your car insurance premiums in Illinois are determined based on several factors, such as your age, zip code, credit rating, and other factors.
This type of car insurance coverage in Illinois is used to repair your vehicle when physical damage occurs due to incidents not related to a collision (subject to the deductible). Therefore, in the event of an accident, anyone who drives a car with the owner's consent and under their insurance will be covered. Each state has its own laws regarding the minimum car insurance coverage needed for each vehicle, and since Illinois drivers drive an average of 12,921 miles a year, it's important that you have the right insurance coverage. The insurer you choose can also affect your premiums, as some insurers may place more importance on some aspects, such as your credit rating, compared to others.