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Auto Insurance guide

An auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage.
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Title: Auto Insurance guide 1 A consumers guide to Auto insurance
  • Choosing and using your auto insurance coverage
  • 2 What is auto insurance?
  • An auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company the company then pays all or most of the costs associated with an auto accident or other vehicle damage.
  • Auto insurance provides property, liability and medical coverage
  • Property coverage pays for damage to or theft of your car.
  • Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
  • Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
  • 3 The Benefits of Auto Insurance
  • Auto insurance can help offset the cost of
  • Vehicle repairs due to damage caused in an accident.
  • Vehicle repairs due to damage caused by something other than an accident (e.g., flood or vandalism).
  • Medical expenses due to bodily injury to yourself and others resulting from an accident.
  • Lost wages due to injury resulting from an accident.
  • Benefits to survivors when an accident results in death.
  • Lawsuits, including legal fees, brought against you as the result of an accident.
  • 4 Types of Auto Insurance Coverage 
  • Illinois law states that you must have auto liability insurance (or the ability to pay any judgment against you) if you cause injury to another person, vehicle or other property while operating a motor vehicle. The easiest, most convenient and most comprehensive way to do this is with Chicago auto insurance from Illinois Insurance Center.
  • Chicago liability insurance covers
  • Bodily Injury  Covers any bodily injury to the other party up to 20,000 per person 40,000 per occurrence.
  • Property Damage  Covers any property damage that you may have caused to the other party up to 15,000 per occurrence.
  • 5
  • Uninsured Motorists  This pays you and passengers in the insured vehicle monetary damages to recover from bodily injury or death caused by an uninsured or hit-and-run motorist up to 20,000 per person 40,000 per occurrence. This is only for your bodily injury, not damage to your vehicle.
  • Medical  You can also get medical payments with your auto insurance liability policy this is an optional coverage and is not legally required. These payments will cover your medical coverage if you or your passengers are injured during a car accident.
  • In addition to the above mandatory auto insurance, you may opt for the following auto insurance options
  • Collision  Pays for loss or damage to your vehicle caused by collision with another vehicle or object. Payments are made based upon actual cash value of the amount of each loss above the deductible amount. The lower your deductible (amount paid out of pocket), the higher the cost of the auto insurance.
  • 6
  • Comprehensive  Pays for loss or damage to your vehicle caused by fire, theft, vandalism, weather, etc. Payments are made based upon actual cash value of the amount of each loss above the deductible amount.
  • Repair Deductible  You will have to pay a deductible to get your vehicle fixed. After you pay your deductible, your auto insurance company pays the balance.
  • Rental Towing  This coverage will reimburse you if you need to have your vehicle towed following an accident or break-down or should you need to rent a vehicle following an automobile accident. Coverage and rates vary with policy stipulations.
  • 7 How Can I Save Money on Auto Insurance?
  • Here are some things you can do to help trim the cost of your auto insurance
  • Get quotes from at least three different companies to compare prices, features and services.
  • Choose a safe vehicle. Safety ratings can dramatically affect the price of insurance, so research the vehicle(s) youre considering.
  • 8 Need more help?
  • Call our Insurance Consumer Hotline!
  • 1(866) 910-2601
  • Browse our website to learn more about the cheap insurance options we offer in Aurora, Chicago, Elgin, Joliet, Naperville, Rockford, Bloomington, Peoria, Waukegan and Springfield, IL.  Call us today to receive the best insurance quotes Illinois has to offer by calling 1(866) 910-2601.
  • Visit us at
  • www.ilinsurancecenter.com
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