Tag Archives: Auto Insurance Coverage

Why You Need More Than the Basic Liability Insurance

October 30, 2018

Driving around Illinois requires protection. As of October 16 this year, 761 fatal crashes have occurred in the state’s public roadways. For this reason, the state law requires the basic liability insurance for all vehicle drivers. But the minimum liability coverage isn’t enough.

Drive with confidence in Cicero IL with comprehensive car insurance.

The Minimum Liability Coverage

The minimum liability coverage required by the state may offer a certain level of financial protection if you get involved in a collision, but it only covers the losses of other drivers in a road incident that you may have caused.

This is what the minimum liability coverage includes:

Should you get into a fender bender, the policy only ensures you are held responsible for the other party’s costs in the accident you may have caused. If you noticed, the minimum coverage does not include you. What if you incur an injury from the incident as well?

What you need is the insurance with the coverage you need should you get into a collision.

The Coverage that Suits your Needs

A full insurance coverage for your car covers a variety of risks. Your vehicle, whether old or new, will benefit from the insurance. Without the right policy, you might end up spending out of the pocket because the costs of damage will most likely affect your finances.

But before buying auto insurance, here are two questions you will want to consider:

Your policy should reflect how frequently you use your car. If you don’t drive as much, a mileage-based insurance may be right for you. If you use your car for work, get commercial auto insurance because a personal auto policy will not cover whatever you may be transporting with your car for work.

The auto insurance you need also highly depends on the type of car you drive. Classic or modified cars need special insurance while vehicles with the latest safety features and a good safety record could give you discounts for insurance.

A policy with a more extensive coverage is what you want and need. At Oxford Auto Insurance, we have the means to provide you with the policy that suits your needs at a reasonable cost.

Valuable Insurance at Affordable Rates

Let us help you look for the right car insurance in Cicero. By working with us, you will enjoy the following perks:

To get or renew your car insurance, contact us today.



Why Illinois Drivers Need Good Auto Insurance Coverage

September 26, 2018

The mandatory auto insurance law of Illinois requires drivers to carry minimum insurance coverage in case they cause a traffic accident on public roads and highways. However, when shopping for auto insurance deals in Cicero, drivers should consider more than the bare minimum they need to fulfill. Carrying enough insurance protects drivers from shelling out their own money for potentially high costs they may incur in vehicle accidents.

Illinois Auto Insurance Requirement

The laws of Illinois require vehicle owners to carry liability insurance and uninsured motorist coverage for their registered vehicles. Drivers must always have their car insurance card with them when they are on the road. The minimum coverage includes:

The minimum liability insurance covers medical expenses, property damage, and other incurred costs from people injured or property damaged. Banks and money lenders may require drivers to carry extra auto insurance coverage such as collision, comprehensive, medical, and property damage insurance before they can receive auto loans.

Illinois’ authorities monitor drivers’ car insurance statuses through random verification questionnaires and traffic stop inspections. Drivers must respond to questionnaires with their insurance carrier and policy number, which authorities will use to verify their existing insurance. Traffic enforcers also have the right to ask for proof of insurance randomly during traffic stops.

Drivers found without a minimum insurance policy may face fines ranging from $500 to $1000. Repeated offenses may result in license plate suspension.

Protecting Yourself from Extra Costs

Illinois follows a “fault” system to determine who is financially responsible for the injuries, vehicle damage, and other losses caused by a car accident. In case the costs incurred go beyond the coverage limit, the driver has to shell out his/her own money and pay for the excess.

The Illinois Department of Transportation and the National Safety Council published the 2016 Illinois Crash Facts and Statistics in 2018 and found that the total estimated cost of vehicle crashes in the state was $7.7 billion. Broken down into the various vehicle incidents in 2016:

Given these statistics and the legal minimum coverage, basic insurance may not be enough to protect the driver from accident costs. Drivers might not be able to pay for the cost beyond their coverage, and a severe accident might bring them and their household to bankruptcy.

Apart from the costs they have to pay the injured parties, drivers also need to pay for their injuries and properties. Basic liability insurance does not cover the driver’s injuries or property damage. Drivers are unprotected in case the injured party sues for personal injury.

When shopping for auto insurance, drivers in Illinois should look at their options as more than just a legal requirement. They should also look at it as a way to protect themselves and their families from going into debt should they ever cause an accident. Thus, they should find the best policy they can afford that gives them the most financial protection.

Comprehensive auto insurance is affordable with Oxford Auto Insurance. Our teams compare policies of up to 15 providers to give you the best options for your insurance needs. With monthly payments as low as $23, you can have increased liability limits and maximum protection from expensive road accidents.

Call Oxford Auto Insurance at 312-260-9000 today for a free quotation.



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