If you drive in the Land of Lincoln, you no doubt know the value of a Lincoln penny. That is why you need to make distinctions when it comes to car insurance coverage. You can begin this quest by looking up car insurance guidelines online.
Reviewing the Minimums
For example, you cannot secure a driver’s license without showing proof of auto insurance in Mundelein, IL. The minimums for coverage are as follows:
- $25,000 for each injury or death to one individual or $50,000 per accident in bodily injury coverage
- $25,000 per individual or $50,000 per accident in uninsured motorist bodily injury protection
- $20,000 per accident for property damage liability coverage
Grouping the Numbers
You also need to carry underinsured motorist protection, which covers the variance between the liability limits of the underinsured motorist and your own limits. Auto insurance coverage for liability is depicted by numbers separated by slashes. Therefore, coverages are grouped together.
The first number shows the per person amount for bodily injury while the second number shows how much your policy will pay per accident. The third number represents the amount of coverage for property damage. Therefore, a plan would be noted as follows: 25/50/20.
Reducing Your Premium
To reduce the amount of auto insurance you pay, you might consider lowering your coverage to the above-listed state minimums. While experts recommend that you buy more coverage, this method may be your only choice if you are budgeting. You cannot get around buying liability insurance for your car. This form of protection is mandatory.
Do You Have Any Questions?
If you would like to learn further details, contact us with your questions. The more you know about coverage options, the easier it will be for you to decide on the best coverage. Call for rate quotes today and find out what discounts you may be able to claim. Doing so will give you an edge whether you are buying a new car or switching carriers.