Auto Insurance in Chicago

Reader’s Question:

What are the different types of vehicle insurance policies offered in my state and how do I decide the best type for my vehicle?

Rolly

Chicago, IL

There are a lot of vehicle insurance policies you can get for your vehicle. Some of the Il vehicle insurance policies you can avail for your car includes comprehensive car insurance, theft insurance, third party liability insurance, bodily injury insurance, and even auto glass replacement insurance.

Comprehensive vehicle insurance is a type of Il vehicle insurance which protects you against all sorts of accidents, from collisions to acts of nature like flood or typhoon. This is usually the most expensive type of Il vehicle insurance, although you can have complete peace of mind if you get this type of car insurance.

You can also get a theft insurance for your car to protect your vehicle and the things inside it. This is recommended if you usually stores valuables inside your vehicle. You can also get a bodily injury insurance which will pay for the medical expenses and other damages to a person who gets injured in an accident which you are at fault. Auto glass replacement is a minor type of auto insurance which pays for the replacement of your vehicle glass.

Determine the best type of car insurance for your vehicle taking into consideration your budget and your vehicle’s needs.

Car Insurance Rate in Chicago

Reader’s Question:

How will the accident (fender-fender), where I am at-fault, affect my car insurance rates at renewal if I did not make a claim?

John

Chicago IL

Since you were at-fault in the accident and your insurance company became aware of this either because this was on your driving record or you informed them, your premium will likely increase at renewal, even though you did not make a claim, the company finds you to be a risk. The car insurance rates in Chicago IL will be affected depending on the rating system of the company.

There are cases when a surcharge or points are assigned to the driver who caused the accident and/or claimed against the policy. Some companies do not increase the insurance rates of driver who has a clean record for more than 5 years if the he/she is at-fault in a relatively minor car accident.

A major accident where the driver is at-fault can increase his/her insurance premium. However, an major accident that involves a serious bodily injury can result in a severe insurance and legal consequences. There can also be huge rate increase or a policy cancellation, subject to the law of
the state.

You can contact your insurance provider to find out more about their rating system and by how much will your premium increase because of the fender-bender.