DUI Insurance Illinois IL
Reader’s Question:
A friend of mine here in Illinois has been caught driving under the influence one Friday night. I’m a little curious. Is he going to lose his car insurance policy, or will the premiums just go up?
David
Chicago, IL
When it comes to driving, your friend’s foremost problem is that he is going to lose his driver’s license. But the time will come when he will be able to drive again. So, what will happen to his car insurance coverage then? There are two possibilities: Either his car insurance policy will be canceled, or its premium will skyrocket.
People who have records of drinking and driving are considered high risks by car insurance companies. Many of them won’t even consider selling a car insurance policy to one who has a DUI record. Those who do might require a certificate of financial responsibility or SR-22. This certificate gives the Secretary of State the authority to suspend the insurance policy when it is canceled or when it has expired. One may get an SR-22 from an insurance company authorized to release it. This will be sent to the Secretary of State and will be used to monitor the car insurance coverage of drivers with problematic records. The State of Illinois gives drivers two other options. One may deposit cash in the amount of $55,000 to the State Treasury instead of obtaining an SR-22. He may also file a surety or real estate bond which must be approved by a court.
Tags: DUI, high risk insurance, sr22 car insurance, SR22 Form, sr22 insurance
Shopping for Auto Insurance Online Illinois IL
Reader’s Question:
Hi there. I’m shopping around online for new auto insurance. Do you think it’s okay to buy my auto insurance from the smaller brands?
Pam
Chicago, IL
Hello there, Pam. Well, it’s good that you’re shopping around online. That’s a good way to find the best deal in town. It’s true that there are a lot of companies selling auto insurance these days, and some companies offer rates lower than others. If I were you, though, I would try to look at the big-name brands first and see if they can fit into your budget.
I’m sure that the auto insurance companies that offer really low prices are tempting. However, wouldn’t you rather have the peace of mind if you were with an insurance company that you are sure will be there if you do get into an accident? Keep in mind there are a lot of scammers out there that may use extremely low quotes to lure you into buying auto insurance, but these companies may not have the financial capability to pay out when you do make a claim. I’m not telling you to disregard the smaller companies altogether, just to be wary and ensure that you put your money with an auto insurance company that you think is reliable.
Why don’t you get in touch with your agent in Illinois and ask him what he thinks of the auto insurance companies you’re looking at?
Tags: auto insurance online, Car Insurance Company
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