Cheap Auto Insurance Chicago Illinois
Reader’s Question:
How am I be able to get cheap car insurance cost of collision insurance coverage in Chicago, IL?
Jean
Chicago, IL
You can raise your deductible and pick a less expensive car or determine if any other car insurance discounts could apply.
What you pay out of your own pocket before your car insurance policy in Chicago, Illinois kicks in is a deductible. with a higher deductible, you will get a lower car insurance premium. Increasing your deductible up to $500 on collision coverage could reduce your auto insurance premium.
Generally collision coverage is not worth buying for older cars with high mileage because if you ever file an insurance claim for significant damages to your car, your insurance carrier will likely declare your automobile a total loss rather than fix it. That’s because the cost of repairing or fixing your car far exceeds its market value or actual cash value. The value you obtain for the car in the total loss may not justify the auto insurance you pay for the collision coverage.
Teen Car Insurance Chicago Illinois
Reader’s Question:
I have a teen that is going to be sixteen this month. He will be getting his license. Is he automatically insured once he get his license on my car insurance policy in Chicago, IL? He will only be driving part time and with an adult. Basically my question is, do I have to put him on the insurance policy as long as he drive one of my vehicles is he insured?
Reed
Chicago, IL
Most insurance carriers require that you list all licensed drivers living in the household on your car insurance policy so that they will be properly covered to operate your vehicles. If the insurance provider is not notified of the licensing status of your teen and they are not listed but are in a crash driving your car, it may be possible for the insurance company to deny an insurance claim. I heard that some insurance carrier will cover the insurance claim but then they will charge you for the insurance premiums that should have been paid previously for the teenager to be on the insurance policy.
I suggest that you contact your car insurance agent now in Chicago, IL, before your teen start the licensing process at age of sixteen, so that you will know what to expect when they do obtain their licensed and what coverages you will need to put on them.
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