Why You Should Know Your Auto Insurance Policy Limits

Illinois Minimum Auto Insurance Requirements

In Illinois, the minimum required insurance coverage is $25,000 per person and $50,000 per accident. This means:

• If you are involved in a crash with someone who only carries state minimum insurance, there may be just $50,000 total to cover all injuries from the accident.
  
• If multiple vehicles or multiple people are involved, the available coverage for one individual may be far less.

Fortunately, you can buy additional auto insurance to protect yourself and your family. Then, if you’re injured in an accident, you have options.

Protect Yourself With Uninsured and Underinsured Motorist Coverage

To protect yourself in this type of situation, you should check your auto insurance policy for uninsured motorist (UM) and underinsured motorist (UIM) coverage. This type of insurance can provide protection if the at-fault driver does not have insurance, or does not have enough insurance, to cover your injuries. It also kicks in if you’re injured in a hit-and-run accident and the driver cannot be found.

Most people should carry at least $100,000 in UM/UIM coverage. However, given the dramatic increase in the cost of emergency room visits and other medical treatment, it is safer to maintain $250,000 or more in coverage if you can. Increasing these limits usually has only a small effect on your premiums, but it provides significant peace of mind.

How to Check Your Auto Insurance Coverage

The easiest way to locate your policy limits is to:

• Contact your insurance company, or
• Get on the app for your insurance and locate your Declarations Page.

The Declarations Page will provide an itemized breakdown of all of your insurance coverage for your vehicles. In my experience, most people on the road today have little or no idea of what the amounts of their auto insurance coverage are and have less of an understanding of what type of coverage they have and how it applies to their situation. This is all the more reason to have an experienced auto accident attorney to assist you regarding your auto accident.

Call Strong Law Offices Today

Contact the car accident lawyers at Strong Law Offices in Peoria. We will review your policy, discuss your accident, explain any available coverage, and help you pursue full compensation after a crash. Call (309) 393-2928. Free consult.