Cheap Insurance in Illinois: A Complete Guide

When it comes to car insurance, most people want to find the best option that offers a good coverage at an affordable price. If you are living in Illinois, you might be wondering if there are any cheap insurance options available. In this article, we will guide you through the different types of coverage and ways to find cheap insurance in Illinois.

Types of Auto Insurance Coverage

Before diving into the ways to find cheap insurance, let’s have a look at the different types of coverage available in Illinois.

Bodily Injury Liability (BIL): This coverage pays for the medical expenses of the people who are injured in a car accident caused by you. This coverage is mandatory in Illinois.

Property Damage Liability (PDL): This coverage pays for the damage caused to someone else’s property in a car accident. This coverage is also mandatory in Illinois.

Comprehensive Coverage: This coverage pays for the damages caused by something other than a car accident, such as theft, fire, vandalism, or natural disasters.

Collision Coverage: This coverage pays for the damages to your car caused by a car accident, regardless of who is at fault.

Uninsured/Underinsured Motorist Coverage (UM/UIM): This coverage pays for the damages and injuries caused by a driver who doesn’t have enough insurance to cover the losses.

Ways to Find Cheap Insurance in Illinois

Shop Around

The first and foremost way to find cheap insurance is to shop around and compare quotes from different insurance companies. There are various online tools that allow you to compare the rates in a matter of minutes. Make sure to choose the coverage that best suits your needs and budget.

Opt for a Higher Deductible

Raising your deductible can significantly reduce your insurance premium. However, make sure to choose a deductible that you can afford in case of an accident.

Take Advantage of Discounts

Many insurance companies offer discounts for safe driving, multiple policies, good grades, or being a member of a professional organization. Check with your insurance company to see if you qualify for any discounts.

Drive a Low-Risk Vehicle

Cars that are more expensive to repair or have a higher risk of being stolen or involved in an accident usually have higher insurance rates. Consider purchasing a low-risk vehicle to save on insurance costs.

Improve Your Credit Score

Many insurance companies use your credit score to determine your insurance premium. Improving your credit score can help lower your insurance costs.

Frequently Asked Questions (FAQ)

Is auto insurance mandatory in Illinois?
Yes, bodily injury liability and property damage liability are mandatory in Illinois.
What is the minimum coverage required in Illinois?
The minimum coverage required in Illinois is 25/50/20, which means $25,000 per person and $50,000 per accident for bodily injury liability, and $20,000 for property damage liability.
What factors affect my insurance premium?
Several factors, such as age, gender, driving history, credit score, location, and type of car can affect your insurance premium.
Can I drive without insurance in Illinois?
No, driving without insurance is illegal in Illinois and can result in fines, suspension of your driver’s license, and even jail time.

Final Thoughts

There are various ways to find cheap insurance in Illinois, but make sure not to compromise on the coverage you need. Shop around, take advantage of discounts, and consider raising your deductible or improving your credit score to save on insurance costs.