Insure yourself in Illinois
Illinois is ranked 25th in the nation in terms of land area, but 6th for population, creating some extreme density in urban areas like Chicago and Springfield. Combined with extremes in weather (think of the state’s famous wind and snow) this can create some unique driving conditions and increase your risk of accident. It’s always important to be properly covered, but finding the cheap insurance Illinois offers can be a challenge. Especially in urban areas with more traffic.
Due to its diverse economic base, mix of rural and urban areas, and four-season climate, Illinois is considered a microcosm of the nation. The birthplace of Abraham Lincoln, the state has officially honored this great president with its State slogan, “The Land of Lincoln,” a statement that also appears on vehicle license plates. Visitors can also visit Lincoln’s tomb, as well as dozens of famous landmarks and museums, many of which are located in the state’s largest city, Chicago. Whether you’re visiting, or a lifelong resident, there are so many things to discover about Illinois.
Through every economic change, Illinois has remained a strong and vibrant state, and still attracts new residents every year. Known for its manufacturing and agriculture, the state has also contributed to the nation’s scientific and legal advances. Famous sports teams and musical icons have found their home in Illinois, and the state is known for many famous landmarks, including the Sears Tower.
Notable Statistics
- There are approximate 10.4 million vehicles registered in the state of Illinois.
- The average car insurance premium is $1,370/year. This comes out to a little over $100 per month.
- Up to 15% of Illinois drivers do not have an active car insurance policy. Considering the population rates, this is a lot of uninsured drivers!
- Failure to present proof of insurance results in immediate license suspension and a minimum fine of $500. Repeat offenders will face fines in the thousands!
- In 2012, the state of Illinois launched a statewide program to decrease the number of motor vehicle thefts. This helped lower insurance rates a bit.
- Illinois is home to the world’s largest library – the Chicago Public Library, which boasts a collection of more than 2 million books.
- The world’s first skyscraper, the Home Insurance Building, was built in Chicago in 1884. While not as famous as the Sears Tower, it’s a notable architectural landmark.
- The state of Illinois is one of the nation’s leading manufacturers of plastics, equipment, and transportation.
Car Insurance
There are plenty of tips for finding insurance in any state. However, finding a good insurance broker can help you find the best rates. They will ask you questions about your driving habits and any past accidents or traffic tickets. Some of the other factors that effect your rates include:
- Age – younger drivers have less experience, and usually pay higher premiums.
- Vehicle type – sedans or commuter cars are cheaper to insurance than sports cars or SUVs.
- Years of insurance coverage – the longer you’ve been driving, the cheaper your rates get!
- Vehicle value – cheaper cars are cheaper to insure.
- Length of commute – the more you drive per day, the higher your insurance rates.
- Zip code – population areas usually result in more expensive car insurance.
State Car Insurance Requirements
- Minimum coverage for bodily injury or death for one person is $25,000.
- Illinois’ minimum coverage for bodily injury or death for multiple people per accident is $50,000.
- The state minimum coverage for damage to another person’s property is $20,000.
Recommended Coverage
- Comprehensive: covers your car for any damage not caused by a traffic accident.
- Collision: covers damage to your car if you are fond at fault.
- Rental car: provides reimbursement for any rental fees while your vehicle is being repaired.
- Towing or roadside assistance: can cover the cost of transporting your car to an auto shop, flat tire repair, or even gas if you go empty on the road.
- Uninsured Motorist: covers you if you are hit by a driver who doesn’t have auto insurance.
