As a motorist in Illinois, you are required to be covered by a minimum of liability insurance. This type of coverage is for the protection of others should they be injured or suffer property damage in an accident caused by you. This minimum coverage does not cover costs for your own injury or property damage.
Another Illinois car insurance requirement is that you carry coverage for underinsured and uninsured motorist coverage. This will help to cover you and your passengers in an accident caused by an individual who is either not insured or has too little coverage to cover your costs. This coverage, however will not cover property damage.
Most people will increase their liability coverage, because if they fall short in coverage in this area, their other assets could be subject to liability.
Illinois was ranked #39 by Insure.com study of each of the 51 states in America and the annual average car insurance premiums. Illinois’ mean annual, according to the study, was $1,079.
Other types of coverage that is available with Illinois Car Insurance policies include the following:
Collision coverage will be of assistance in paying for any damages that occur to your vehicle if it is involved in an accident.
Comprehensive coverage is going to help you pay for costs for damage in a non-accident situation such as fire, theft, or vandalism.
Medical payment coverage will help you to pay for any costs in the medical area for you or your passengers if you are in an accident.
You should keep in mind that under Illinois law, you are not required to purchase coverage for comprehensive and collision coverage, but a lender is allowed to require you to have these types of coverage if you are financing the car. This will protect the lender, should you incur losses in these areas.
When a driver registers their car in Illinois, it is agreed by the driver that he or she will abide by certain rules and requirements for car insurance.
One thing that is agreed to is that every motorist will be subject to a random system of questionnaires that are sent out. These questionnaires are simply to validate that the driver has all of the required minimum coverage for their vehicle.
They also agree that proof of this verification will be available whenever they may be stopped by a police officer for any reason. The information that they must have on hand will verify the name of their insurance carrier and the policy number.
Once given to the officer, the information will be verified with the insurance company, if the information is not verifiable, then the individual’s driver’s license will be suspended.
Individuals are required to carry their car insurance card in their vehicle at all times.
For the first 60 days of coverage of a car insurance policy in Illinois, coverage can be terminated for failure to pay the premium, violation of the terms of the policy, or falsely providing information to acquire the policy.