Using a car insurance calculator is the easiest way to find affordable car insurance coverage. Whether you’re a new driver or you have a few years under your belt, it’s a good idea to find a way to save money. Car insurance premiums are based on a variety of factors, including the driver’s age, the model of the car, the ZIP code and the vehicle’s make and model. There are also discounts that you may be able to take advantage of, such as military discounts or those that involve bundling your policy with another one.
Illinois has minimum liability insurance limits that are mandated by law. These limits cover the cost of damage and injuries to others in a car accident. The amount of liability insurance required in Illinois is based on the driver’s motor vehicle record, their age and the type of vehicle they drive. Those with a clean record will usually be offered the cheapest rates. However, drivers with a poor driving record will pay more.
The Illinois minimum liability coverage only covers $25,000 for injury or property damage per person. Those who want higher limits or other coverage may opt to purchase additional policies. This will also help protect financial losses in the event of an accident. However, some types of additional coverage, such as uninsured motorist coverage, may not cover all of the damages.
Illinois car insurance premiums are also influenced by drivers’ age and gender. Younger drivers are considered high risk because they have less experience on the road. The insurance rate for a young driver is generally 2.4 times higher than that of an experienced driver. Young drivers are also more likely to be in an accident.
Young drivers are also prone to overspeeding, which is a common cause of car accidents. Illinois drivers who have multiple traffic violations are also prone to higher car insurance rates. In addition, drivers who do not maintain continuous coverage pay 27% more than those who have five or more years of insurance history.
Illinois drivers must maintain at least $25,000 in property damage liability insurance and $50,000 in body injury liability insurance. Illinois also requires uninsured motorist coverage. Those who don’t have sufficient insurance are guilty of a petty crime, which carries a fine. If a driver’s registration or license plates are suspended for non-payment of premiums, they can be fined up to $1,000. In addition, drivers who drive without insurance can be charged a $500 fine.
The Illinois car insurance calculator will allow you to estimate the cost of car insurance for your vehicle. It will also allow you to compare rates across different companies. Once you have your estimated rates, you can choose the coverage level that is right for you.
You can also take advantage of discounts that are available to Illinois drivers. Some of these discounts include those for being a good driver, being a military veteran, having a clean motor vehicle record and being a student.