When you have a vehicle on the roads, it is important to have the financial protection and peace of mind that auto insurance offers, but sometimes we have questions. If that is the case, then speak to August Vincent Insurance Agency serving Huntley, IL to become familiar with your auto insurance policy.
Is Auto Insurance Is Mandatory in IL?
Certain types of liability coverage against bodily injury and property damage are mandatory in IL. Bodily injury insurance pays for the costs associated with third-party injuries or death, including pedestrians due to an accident that is your fault. Property damage insurance pays for the costs associated with damage to a third party’s property due to an auto accident for which you are liable. The limits are set on the low end. For sufficient coverage, you should review and increase the minimum limits set by the state.
You should also purchase uninsured and underinsured motorist injury coverage and insurance which covers you for your bodily injuries caused by an at-fault driver who is under-or uninsured.
What Types of Insurance Are There for Damage to My Vehicle?
There are two main types: collision coverage when you sustain damage to your vehicle because of an accident and comprehensive coverage for when the damage is from something else like theft or vandalism, or perils.
What Affects My Premium?
Several factors may affect your premium. These include:
- Your age, gender, and marital status
- Your coverage limits. The more you purchase, the higher the cost.
- What type of vehicle you own, its condition, and age
- The area you live in
- Credit record
If you have more questions, don’t hesitate to reach out to August Vincent Insurance Agency serving Huntley, IL to review or renew your policy and so they can answer any burning questions you may have!