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Illinois Auto Insurance

By June 26, 2024No Comments
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Illinois Auto Insurance

The right Illinois auto insurance policy can help get you back on the road quickly if your car is damaged or destroyed by accident, fire, theft, or another covered claim. Your policy may also provide protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.

An Illinois auto insurance policy is a contract between you and an insurance company. You pay a premium, and in exchange, the insurance company promises to pay for specific car-related financial losses during the policy term. Please work with us to determine the right coverage for you.

Insurance for cars, trucks, pickups, motorcycles and more!

Held Insurance Agency can insure your auto, motorcycle, classic car, pickup, and commercial auto. Contact us for more information today!

Illinois – How much auto insurance is right for you?

Based in Mount Prospect, our team (Request Quote) understands the auto insurance needs of our customers.

Auto insurance requirements vary by state. In some states, to drive you must carry:

  • Liability coverage – to pay for losses you cause others, or:

  • No-fault coverage – to pay you and your passengers for medical and related expenses caused by injuries from a car accident, regardless of who is at fault, or

  • Both liability and no-fault coverage.

We write insurance in Illinois, Wisconsin, and Arizona and would be happy to help you ensure you have the right coverage for where you live.

Illinois Requirements:

·         Bodily Injury (BI) requires limits of at least $25,000 per person per accident and $50,000 total per accident.

·         Property Damage (PD) requires liability limits of at least $20,000 per accident.

·         Uninsured Motorist Bodily Injury (UM) minimum limits are $25,000 per person and $50,000 per accident.

·         Underinsured Motorist Bodily Injury (UIM) minimum limits are $25,000 per person and $50,000 per accident.

Even in states where coverage isn’t required, drivers must, by law, be able to pay for losses they cause others. Having insurance is the simplest way for most people to comply. To finance a car, it is usually necessary to have insurance that covers damage to your vehicle. This includes:

Collision Insurance

Collision insurance coverage pays for damage caused to your vehicle in an automobile accident. Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually also comes with an insurance deductible. It’s the amount of money you pay toward repairs before your collision insurance kicks in. The higher the deductible you’re willing to pay, the less the collision coverage will cost.

Comprehensive Insurance (Other than Collision)

Comprehensive insurance covers damage to your car in some way other than a collision, such as if it were stolen or vandalized. Floods, hurricanes, theft, windshield damage, and fire are also events usually covered by comprehensive car insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible). And although it’s not legally required by any state, you will probably need it if your car is financed.

Every person is uniquetalk to us today to find out how to find options on auto insurance for you.

Held Insurance Agency – Call for a quote today at 847.264.4644 or visit our website at www.heldagency.com

Content provided by Safeco Insurance and modified by The Held Agency, LLC

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