While the Illinois minimum auto insurance requirements are intended to meet basic needs in an auto accident, it’s often insufficient in a few important ways. While you may think you’re saving money by getting the minimum coverage, having poor coverage could end up costing you when you do have an accident. Here are a few things to consider.
Medical Care Will Likely Exceed the Minimum
While state law requires you to carry $25,000/$50,000 in liability coverage, medical care costs often come to much more. The average care costs for an individual in a non-fatal car crash come to $61,600, while a fatality can lead to a wrongful death claim valued at an average of $1,130,000.
You’ll Also Have to Cover Property Damages
Illinois minimum auto insurance requirements also compel each driver to carry $20,000 in property damage coverage. While the average cost for repairs to a vehicle in an auto crash is only $7,500, that’s rarely the only damage that a traffic accident causes. As the at-fault driver, you’ll also be responsible for damages to the road, street sign, and surrounding properties.
Cover Uninsured Drivers
You’ll also need to be prepared for the eventuality that you’ll be involved in an accident with an uninsured driver. This means your coverage will have to be enough to cover your injuries and property damages as well as the injuries and damages suffered by the uninsured motorist, depending on which of you is found to be at fault.
Accurate Auto Insurance can help you determine your accurate auto coverage needs. Visit their website for more information or contact them today.
