Illinois Auto Insurance Policy Requirements

Q: What is in a basic Illinois auto insurance policy?
A: A consumer can choose to add these main types of auto insurance to an Illinois auto insurance policy, and some of these options are required by Illinois law:

  1. Liability Coverage
    1. Liability insurance, which is divided into two types, considers property damage and injury to a person as separate concepts:
      1. Bodily Injury Liability Coverage
      2. Property Damage Liability Coverage
    2. Liability coverage is compulsory in Illinois. All residents of Illinois must at least have liability coverage in their auto insurance policies in order to legally drive:
      1. 20/40/15” (Illinoi’s minimum auto insurance requirement)
      2. $20,000 for injury or death to one person.
      3. $40,000 for injury or death to two people or more.
      4. $15,000 for damage to property, which includes damage to buildings, automobiles, and their contents.
    3. These liability minimums are different for leased vehicles.
  2. Collision Coverage is only compulsory when the vehicle has not been completely paid for (i.e. is financed). Collision coverage is recommended, though not compulsory, for an Illinois auto insurance policy.
  3. Comprehensive Coverage is compulsory if your vehicle is financed, but optional if the vehicle is no longer financed.
  4. Medical Payments Coverage is suggested but not required for an Illinois auto insurance policy.
  5. Uninsured (and Underinsured) Motorist Coverage is a compulsory insurance option in Illinois.
  6. Personal Injury Protection (PIP) Coverage, while not required, is suggested for an Illinois auto insurance policy.
  7. Other Options
    1. Towing Coverage
    2. Rental Coverage
    3. Loan/Lease Gap Coverage
Q: Is Illinois a No-Fault state?
A: No, Illinois is not a no-fault state.

Q: How can I get a discount on an Illinois auto insurance policy?
A: Many drivers qualify for discounts on auto insurance. To see if you qualify to save money on your auto insurance policy, consult our list of auto insurance discounts.

Q: Where can I find more information about Illinois auto insurance?
A: These internet resources further detail auto insurance laws for Illinois residents:
  1. Illinois Insurance Resources
    1. The Illinois Driver Services Department offers governmental records services, registers vehicles in Illinois, and administers driver’s license.
    2. The Illinois Division of Insurance (DOI) is a state department that protects consumers by providing insurance information and overseeing the stability of the insurance marketplace.
  2. National Insurance Resources

CLICKinsure proudly offers its broker services to Illinois, the Midwest’s most populated state and home to the Sears Tower, the tallest building in North America. Whether you live along Lakeshore Drive in Chicago or down in Egypt’s Shawneetown in the south, our agents can help you find the auto insurance that best suits your individual needs. Make CLICKinsure your broker for Illinois automobile insurance and we will connect you with the best options for any city in Illinois, including Chicago, Aurora, Rockford, Naperville, Joliet, Springfield, Peoria, and Elgin.

 

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