By Aiden ArmstrongIf you are shopping for a new car or a “new-to-you” car, it is important you understand the types of car insurance available in Chicago. Car insurance is mandatory in Illinois. It helps to protect you, your passengers, and your car in the event you are involved in an accident.
There are basic auto insurance policies available. Amongst them is liability, comprehensive, collision, and personal injury. Understanding the policies, and what they cover, can help you choose the right coverage for your particular situation.
Liability
Liability insurance is mandatory in Illinois. Vehicle drivers are required by law to purchase at least the established minimum coverage. The minimum is $25,000 bodily injury per person, $50,000 bodily injury per accident, and $20,000 property damage. Bodily injury insurance helps to pay expenses related to other people’s injuries if you are found responsible for the accident. Property damage coverage pays for damages done to other people’s property.
Comprehensive
Comprehensive car insurance helps to cover damage to your car from vandalism, theft, and fire. If you have this coverage, the insurance will help pay for repairs or, if necessary, replacing the car. Comprehensive insurance has a deductible. The deductible is an amount of money you must pay before the insurance takes over.
Collision
If you are in an accident with another vehicle, or you hit an object such as a wall, collision cover will help pay for repairs or vehicle replacement. Collision coverage is typically an option but is usually required by the lender if the purchase is being financed or the vehicle is leased.
Personal Injury
Personal injury insurance pays for medical expenses should the injuries be the result of a vehicular accident.
With the number of components that go into car insurance, it is in your best interest to consult with a trusted agency in your area.
If you are looking for car insurance, you are invited to contact Accurate Auto Insurance near Chicago.
