Automobile accidents can carry extremely high repair costs, especially if one or more vehicles sustained significant damage. The same is true if at least one individual involved in the collision suffered severe injuries. Consequently, it is imperative to acquire auto insurance if you wish to mitigate the burden of paying these costs.
Auto Insurance Coverage In Elgin, Illinois
Per the U.S. Census Bureau, Elgin, Illinois has a population of 112,653. According to City-Data.com, there were 14 people (per 100,000 residents) in Elgin involved in fatal car accidents in 2019. This figure represents an increase in the number of persons involved in fatal crashes relative to 2018 (10 per 100,000 population). However, both of these figures are lower than the average number of people involved in fatal automobile accidents in Illinois in 2018 and 2019.
Not all car insurance policies include the same coverage options. However, here are five essential coverages most policies have.
Bodily Injury Liability
Bodily injury liability coverage pays for damages sustained by third-party individuals as a result of an automobile accident. This includes loss of income and medical bills. Like most states, Illinois legally requires drivers to carry a minimum level of liability insurance.
Comprehensive Coverage
Comprehensive insurance covers damages your automobile incurs due to incidents that are not within your direct control. This includes weather-related events, (hail, lightning, floods, etc.) theft, vandalism, and collisions involving animals. Damages caused by common road objects such as potholes are not typically covered by comprehensive insurance.
Collision Coverage
Collision coverage will help pay for damages to both your automobile and other vehicles involved in your accident, regardless of who caused it. It will also pay for damages to your vehicle that arise from crashing into a pole or a tree. Collision insurance is typically required if you choose to finance or lease your vehicle.
Gap Coverage
As its name suggests, gap coverage helps you pay the difference between the total amount you owe on your car and its actual cash value (ACV) following a crash. The ACV is determined by using the vehicle’s value at the time of the accident. You can typically add gap coverage as an optional part of your auto insurance policy.
Uninsured Motorist
Uninsured motorist coverage pays for vehicle damages and medical costs if you are involved in a collision with another motorist who does not have insurance. This coverage can also help pay for injuries sustained by passengers as a result of your accident.
Reach Out To An Experienced Illinois Auto Insurance Agency
Speak to the professionals at Pro Insurance Group for more information about auto insurance in Elgin, Illinois. Our agents will always strive to provide you with a policy whose premiums and deductibles meet your budget and with coverages that satisfy your unique needs. Call Pro Insurance Group today at (833) 619-0770 or contact us online to request a quote.