Auto insurance protects you against heavy financial loss if you ever find yourself in an accident. It is a contract between you and the insurance company. You pay the premium and the insurance company pays your losses as defined in your policy. Auto insurance generally provides property, liability and medical coverage:
Property coverage pays for damage to or theft of your car.
Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
home to Chicago and seemingly never ending amounts of entertainment and things to do, is a great place to live. Navy Pier, the Willis Tower, the John Hancock building, the Bears, White Sox, Blackhawks, Bulls, hilarious Second City, amazing hot dogs, pizza and other restaurants and plenty of bike paths, parks and forest preserves, there is truly something for everyone.
Most auto insurance policies are for six months or a year. Your insurance company should notify you by mail when it's time to renew the policy and to pay your premium.
While many factors go into calculating car insurance rates, finding the cheapest car insurance in Illinois isn't difficult.
Why do you need auto insurance?
It's really all about protecting yourself financially.
- If you're in an accident or if your car is stolen, it costs a lot of money to fix or replace it.
- If you or any passengers are injured in an accident, medical costs can be extremely expensive.
- If you or your car is responsible for damage or injury to others, you may be sued for much more than you're worth.
- Not only is having insurance a prudent financial decision, many states require you to have at least some coverage. So unless you want to go to jail or have your license revoked or suspended, get insured.
A driver's location is typically used to kick off the process. Insurance companies look at ZIP codes’ risk levels based on the number and severity of car insurance claims within the area. They also use different formulas when deciding what you pay, which is why the price for the same policy varies by hundreds, or thousands, from one insurer to the next. Some things which are taken into account include your car’s make and model, your marital status, your credit score, your driving history and driving record to name a few.
Yet even a cheap full coverage auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some but not all of these coverages.
In the state of Illinois, all car owners must have basic liability auto insurance, which protects drivers who get into an accident that is not their fault. For example, if you run into someone who is waiting at a red light or if you scrape the side of a car when driving down a one-way street, then your basic liability insurance will cover the cost to fix the damages to that person’s car.
At Chicago Car Insure, we understand how important it is to have full coverage car insurance to better protect you and your car but also your wallet.
If you want to make sure your property is protected following an accident, even if you were the one at fault, you will want to add comprehensive and collision coverage to your policy. This covers the costs of repaired and replaced property, as well as any rental car charges resulting from the automotive repairs.
Comprehensive coverage also covers fire, theft, windshield damage and vandalism. If you're concerned about the monthly payments, Chicago Car Insure can even customize a higher deductible policy that helps keep the monthly costs down.