Car insurance is a fundamental aspect for every driver, wherever you may be in the world. However, there are many ways you can learn to save money on your car insurance, especially when you know the specific insurance coverage available in your specific state.
With this in mind, we wanted to take you through how to save money on your car insurance when driving in Illinois.
Read on to find out more.
What is the minimum insurance required for the state of Illinois?
Saving money on your insurance is key, but you will inevitably have to fork out some cash, as that’s the way insurance works. Therefore, we thought we’d take you through the minimum insurance required in Illinois, as this will give you a realistic idea of the minimum amount you’ll at least be paying.
In the state, there are two types of coverage you need in order to be a legal road user – liability coverage and uninsured/underinsured motorist bodily injury coverage.
Liability coverage has two sections within itself:
- Bodily injury liability coverage is there to help with any costs that arise from you injuring someone else in an accident, who isn’t a passenger in your car. This includes their medical bills needed after the incident.
- Property damage liability coverage is designed to cover the cost of any damages you cause to another person’s property. This includes repairs or replacements needed for their vehicle, or a yard’s fence, for example.
The second type of coverage you need for your car – uninsured/underinsured motorist bodily injury coverage – is there to cover you not another person. This is for when you’re involved in an accident with someone who is uninsured or who doesn’t have sufficient coverage to accommodate you.
This can cover the cost of your medical bills, as well as lost wages due to your injuries.
What are some tips for saving money on your car insurance?
There are many ways you can save money on your insurance, including things like:
- Choose the best policies
One of the best ways to save money – or in a sense, make the most of your money – is by choosing the best policies available in Illinois.
For instance, one of the policies available is comprehensive coverage, also known as an ‘act of god’ coverage. This will help cover the cost of any damages to your vehicle that occur outside of an accident – e.g., a collision with an animal, a tree falling on your car, or vandalism and theft.
This will help save you money since without this cover, you could end up paying a hefty bill to repair or replace your car if the accident didn’t involve another person. With this coverage, these costs will be included in the insurance.
Also, expert providers can offer deductibles as low as $250, $500, $1,000, or $2,000.
- Drive as safely as possible
Another great way to save money on your car insurance is to ensure you drive safely.
There are many rules on driving in Illinois, and by following them, you can save money in two essential ways:
- 1 – The safer you drive, the less likely you are to have an accident. This means you can end up having a no claims discount added to your insurance after each annual review.
- 2 – If you are not following the laws of the road, this can nullify any insurance claims you make, and force you to pay out of pocket for repairs and replacements needed, or medical bills.
Hence, by driving safely around Illinois, you can ensure a more enjoyable driving experience, as well as a more cost-efficient insurance policy.