Auto insurance is designed to provide financial protection in case of accidents, damage or theft related to your vehicle. Your coverage depends on the policies and endorsements you choose. 

Your agent can help you get appropriate coverage at a favorable rate. Contact Alteza Insurance Agency today to start comparing auto insurance quotes. 

What Auto Insurance Is Required in Illinois? 

 

Illinois drivers must maintain minimum liability coverage, which may help cover third-party property damage and injuries if you’re at fault in an accident. 

These are minimum requirements, and your agent may recommend that you consider higher coverage limits or additional insurance to provide better financial protection. For instance, liability coverage only covers losses to others and not your own vehicle or medical expenses, so additional insurance may be prudent for your circumstances. 

Optional Auto Insurance Coverage 

 

Other types of coverage you might want to consider for added protection include the following: 

• Collision coverage may help pay for repairs or help replace your vehicle if it’s damaged in a collision. Collision coverage typically requires a deductible, which is the amount you’ll have to pay out of pocket before the insurance coverage kicks in.
• Comprehensive coverage may help cover non-collision incidents such as theft, vandalism, fire or natural disasters. Like collision coverage, comprehensive coverage also comes with a deductible.
• Uninsured/underinsured motorist coverage may help provide financial protection if you’re involved in an accident with a driver without insurance or who has insufficient coverage.
• Medical Payments (MedPay) may help cover accident-related medical expenses for you and your passengers up to the policy’s dollar limits, regardless of who caused the accident.  

How Insurers Set Insurance Premiums 

 

Insurers use many factors to help set insurance premiums, including the following: 

• Driving record—Your driving history, including accidents and traffic violations, can impact your insurance rates. Safe driving habits may help lower your premiums.
• Age and gender—Younger drivers, especially teenagers, often face higher insurance premiums due to their lack of experience. Additionally, statistical data suggests that young male drivers may have higher accident risks.
• Vehicle type—Your vehicle’s make, model, and year can affect your insurance rates. Expensive or high-performance cars generally have higher premiums due to higher repair costs.
• Deductible amount—Choosing a policy with a higher deductible may lower your premiums, but keep in mind that you’ll need to pay more out of pocket if you make a claim. 

How to Get Great Auto Insurance Rates 

 

Shopping around and comparing quotes from different insurance companies is crucial to get favorable auto insurance rates. Compare coverage limits, deductibles and additional coverage options when obtaining quotes. This will help you make an informed decision about your policies and endorsements. 

Ask your agent about discounts such as safe driver discounts, multi-vehicle discounts or discounts for bundling your auto insurance with other policies like homeowners or renters insurance. 

Contact Us 

 

Contact Alteza Insurance Agency in Hanover Park, Illinois, to learn more about your auto insurance options and get a personalized quote.