Is This a Good Level of Auto Insurance Coverage? (IL, USA)

Reviews
1

Hi everyone,

I am reviewing my auto insurance coverage and want to ensure it is adequate. I am based in Illinois and would like to know if the level of coverage I have is considered good. What are the standard or recommended coverage levels for Illinois drivers, and are there any specific coverages or limits I should make sure I have?

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2

I’d suggest reviewing your coverage limits. The state minimums are quite low and might not be sufficient if you’re involved in a serious accident. Increasing your liability limits and adding comprehensive coverage can be a good idea. Also, look into personal injury protection (PIP) if you want extra protection for medical expenses.

3

Hello Dylan, Illinois mandates minimum liability insurance for drivers, but these limits may not fully protect you. Review your policy and consider these options:

Minimum Required Coverage:

  • Bodily injury liability: $25,000 per person, $50,000 per accident.
  • Property damage liability: $25,000 per accident.
  • Uninsured motorist coverage: $25,000 per person, $50,000 per accident.

Recommended Coverage:

  • Increase bodily injury liability to $100,000 per person, $300,000 per accident.
  • Raise property damage liability to $100,000 per accident.
  • Match underinsured motorist coverage to your bodily injury limits.
  • Add comprehensive and collision coverage for broader protection.
  • Consider rental car reimbursement and medical payments coverage for additional security.
4

I would increase the deductible to a $1000 or $2500 if available. You should not claim anything around $1000-$2000 range anyway as your premium increase in the subsequent years would exceed that amount making a $500 deductible useless.

I’d remove rental reimbursement as well. If you can afford a $1000 deductible, you can afford to pay for a rental on your own. Besides, the process to get a rental can be onerous and $60/day isn’t something that will make or break you. In essence, you’re insuring against something that you don’t need. Like insuring you have a meal every night. It’s important but it’s not something you need to insure against.

Ditto roadside assistance, some credit cards offer that perk.