Illinois Auto Insurance Information
Auto insurance. Illinois.
Illinois law requires you to have insurance before you drive. You are in compliance with the mandatory insurance law if you have vehicle liability insurance in the following minimum amounts:
You must always carry your insurance card in your vehicle and show it upon request by any law enforcement officer. Your insurance company will send you an insurance card, usually when your insurance policy is issued or renewed.
- $20,000 - injury or death of one person in an accident
- $40,000 - injury or death of more than one person in an accident
- $15,000 - damage to property of another person
Liability insurance is required for all motor vehicles that must display license plates and are being driven, including cars, vans, motorcycles, recreational vehicles, trucks and buses. Trailers are not required to have liability insurance.
If you are stopped for a traffic violation or involved in an accident, a law enforcement officer may issue a traffic citation if you are unable to provide evidence of insurance. If convicted, your license plates will be suspended and you will face the following fines:
Factors that may affect the premium
- minimum $500 fine for driving uninsured
- minimum $1,000 fine for driving a vehicle while the license plates are suspended for a previous insurance violation
Hundreds of companies sell insurance in Illinois and prices can vary greatly. Some factors companies use to set rates:
Age, gender, and marital status - Statistics show certain groups of drivers (for example, young unmarried males) have more accidents. A higher chance of loss means more premium.
Coverage limits - The more insurance you buy, the higher the premium will be.
Driving record - Drivers with accidents and tickets usually pay higher premiums than those with good driving records.
Household driving information - The ages and driving records of other drivers in your household may affect the premium. Most auto insurance policies cover family members while driving your car. You may jeopardize your coverage if you withhold this information.
Location - Since heavily populated areas have more traffic, thefts, and vandalism, city drivers may pay higher premiums than rural drivers.
Type of vehicle - Certain vehicles cost more to insure because they're more likely to be damaged in an accident, cost more to repair, or are frequently stolen.
Use of vehicle, how far you drive to work, and annual mileage - Drivers who commute long distances or drive more miles per year may pay more than those who commute shorter distances and drive fewer miles per year.
Credit history - Companies may consider your financial stability and charge higher premiums based on your financial status (i.e., credit card history, amount of credit, how timely you pay your bills, etc.).
You should be aware of the discounts offered by companies before buying auto insurance. Here are some discounts you should look for:
Illinois Automobile Insurance Plan.
- Anti-theft devices - Given on your comprehensive coverage for devices that deter theft or vandalism.
Auto/home packages - Given if you buy your auto and homeowners policies from the same company.
Car pool - Offered to those in a shared-vehicle car pool.
College student away from home - For college students who attend school over 100 miles away from home if no vehicle is taken along.
Defensive driver - Given to drivers over the age of 55 who have passed an approved defensive driving course.
Good driver - For policyholders who maintain good driving records.
Good student - Offered to young drivers who maintain a "B" average or better.
Low annual mileage - For vehicles operated less than a given number of miles per year, usually 7,500.
Mature driver credit - Offered to drivers over a certain age, usually 50.
Multiple vehicles - Given when the same company insures more than one vehicle in your household.
Safety devices - Offered for such items as air bags, automatic seatbelts, and anti-lock brakes.
Some companies do not sell insurance to vehicle owners who have been driving uninsured. If you have problems buying insurance, ask your insurance agent about the Illinois Automobile Insurance Plan.
The premiums may be higher than premiums of companies in the normal insurance markets. However, if you maintain a good driving record while in the Plan, you should be able to eventually return to a standard company.
Car Insurance Laws By States
Saving on auto insurance