Illinois has 8.5 million drivers, which is a lot of people to share the road with. The state does not make the top 10 safest states for drivers which makes it imperative that you are aware at all times of the other drivers around you and have a good auto insurance policy. At RetireMax insurance in Orland Park, IL we locally owned and operated and have been in business for more than 25 years. We strive to provide our customers with the best products at the best price.
In the state of Illinois, basic auto insurance is liability coverage. The mandated amount is 25/50/20. What those figures mean is your policy will pay $25,000 for injuries for one person in an accident where you are at fault and if more people are injured, the total will be $50,000 maximum. Basic auto insurance allows $20,000 for damaged property. That is pretty basic especially if it is a newer car.
While these are adequate amounts, they may not be right for you. Given what a hospital visit can cost or even just a visit to the ER, you may want to at least double the basic amount. The property amount is low as well considering the price of new vehicles. If the damage in an accident goes beyond the limit you have, you are responsible to pay the overage out of your own pocket.
If you have a car loan or if you are leasing you will need to add collision and comprehensive coverage. Even if you don’t owe anything on your vehicle, having collision and comprehensive will allow you to repair or replace your vehicle. If you count on your vehicle, this is important.
Get in touch with RetireMax insurance in Orland Park, IL when you are ready to discuss your auto insurance needs.
