In Illinois, all motorists are required by law to be covered by liability insurance to defray the cost of injuries or damages caused to other persons or their property in a crash. Without coverage, a single vehicle collision could lead to significant financial loss and cause you to lose your driving privileges.
Is insurance mandatory in Illinois?
- Under the state’s “mandatory insurance law,” Illinois requires vehicle owners to carry liability insurance for any vehicle registered in the state. If you’re a vehicle owner in Illinois, the minimum coverage you’re required to carry is: $25,000 for the injury or death of one person in an accident caused by you.
Does Illinois require PIP coverage?
- Personal injury protection or PIP coverage is not required in Illinois. This coverage pays for the drivers and their passengers’ medical injuries in case of an accident, regardless of who is at fault. Does Illinois require uninsured motorist insurance?
What is the minimum coverage for auto insurance in Illinois?
- Minimum coverage: $20,000 per person and up to $40,000 for an accident. These are the minimum insurance requirements in the state of Illinois, but you may elect for more extensive coverage if you wish. Other coverage options include comprehensive coverage for non-collision damage, collision coverage to pay for damage to your vehicle in an ...
How much do insurance agents make in Illinois?
- The average salary for a insurance agent is $45,865 per year in Illinois. 2.1k salaries reported, updated at December 23, 2021. Is this useful? Is this useful? Is this useful?
Illinois law (625 ILCS 5/7-601) requires all vehicle owners to have minimum amounts of auto liability insurance. In addition, lending institutions may require physical damage insurance (collision coverage) for a financed vehicle.