According to one estimate, the United States has approximately 16 million car accidents a year, the total costs reach 90 billion dollars. Apart from this, a car is stolen or broken into every 19 seconds. The only way to protect yourself is to invest in a solid, affordable auto insurance policy that not only gives you great coverage, but also great rates. Before you start looking for auto insurance rates in Chicago, check out what Illinois requires in terms of minimum coverage, etc. and then start comparing rates.
In Chicago, existing policies offer a variety of deductibles. The deductible reflects the amount you must spend before your insurance company provides you with benefits. Always choose to carry a higher deductible. For example, a more popular $500 deductible is preferable to a $250 deductible.
It is not advisable to buy more collision coverage than your car is worth. The older your car is, the less collision coverage you’ll need. If your car is valued at $1,000 or less, you probably don’t even need collision coverage. It’s best to check with your insurance company to see what they recommend.
To protect your assets, liability coverage is a must. Generally, the value of the asset has a direct relationship to the amount of liability coverage you choose.
Chicago car insurance offers discounts on several programs, including students with a good driving record, cars with anti-theft devices, insuring more than one car with the same company, attendance at driver training courses, people without accidents or traffic violations within the past three years, a strong credit history, as well as certain occupations/professions and safety features such as anti-lock brakes and air bags.