Buying Auto Insurance for a New Car in Illinois 

Purchasing a new car is an exciting milestone, but it also comes with the responsibility of securing the right auto insurance. If you’re in Illinois, specific factors must be considered to help ensure you’re adequately covered.

Minimum Coverage Requirements

Illinois law mandates certain minimum coverage levels for auto insurance. Auto liability insurance typically includes bodily injury and property damage liability, which may help cover third-party accident-related costs if you’re at fault in an accident, up to the policy’s dollar limits.

If you finance or lease your new car, your lienholder may require full coverage insurance, including comprehensive and collision coverage. These policies can help cover repair or replacement costs after a vehicle-related incident or accident.

Optional Auto Insurance Coverage

Beyond the minimum requirements, there are additional coverage options that can provide extra protection:

• Medical payments coverage may help pay for medical expenses for you and your passengers after an accident.

• Uninsured motorist coverage may help provide financial protection if you’re involved in an accident with an uninsured driver.

• Gap insurance may help cover the difference between your loan or lease payoff and the insurer’s settlement if the vehicle is a total loss after a covered event.

Factors Affection Auto Insurance Premiums

Several factors can influence the cost of your auto insurance premium in Illinois. Be aware of the following:

• Your driving record—A clean driving record can help lower your premium, while violations or accidents can increase it.

• The type of car you drive—Luxury or high-performance vehicles typically cost more to insure.

• Your location—Urban areas with higher traffic and accident rates may result in higher premiums.

Contact Us

Contact Hanway Insurance in Oak Lawn, Illinois, to secure appropriate car insurance at favorable rates.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.