What is full coverage auto insurance in il

Full coverage pays an amount up to the actual cash value of your car to either repair it or replace it (if it is a total loss). For example, if your car is worth $5,000 at the time of the accident, you are covered up to $5,000.

What is considered full coverage auto insurance in Illinois?

Full coverage insurance in Illinois is usually defined as a policy that provides more than the state's minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $20,000 in property damage coverage.

What does full coverage mean for auto insurance?

Remember, full coverage isn't an actual type of coverage, but a general term used to describe a policy that combines Liability, Comprehensive, and Collision coverages.

What is classified as full coverage?

When financing or leasing a vehicle, your lender may use the term "full coverage." That means they require you to carry comprehensive and collision plus anything else your state mandates. Liability is a mandatory coverage in nearly every state, while comprehensive and collision (physical damage coverages) are optional.

How do you know if it's full coverage?

You know you have full coverage auto insurance if you have comprehensive and collision plus any other insurance your state or lender requires. Full coverage is not an official kind of insurance, but the term generally describes a policy that protects the policyholder and their car in most situations.