Auto insurance minimum requirements may rise in Illinois

Illinois Auto Insurance

The General Assembly is waiting for the governor to decide whether or not he will sign off on it. The last time that Illinois established a minimum mandatory auto insurance level for motorists was in 1989, at which time $20,000 was felt to be sufficient coverage for liability coverage. However, over the years, that amount has been able to cover a decreasing portion of medical bills for people injured in accidents. Nearly a quarter of a century later, the state is now passing legislation to increase the required liability auto…

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Auto insurance minimum may raise in Illinois

Auto insurance Satisfaction rates

Drivers who carry the smallest amount of coverage may find that they will soon be paying more. The Illinois House has just passed legislation that would increase the minimum liability coverage required in auto insurance that must be carried by drivers within the state, meaning that these motorists could be paying higher premiums beginning in 2015. The minimum will be increasing for the amount that is covered to pay for the injuries of other people. The auto insurance minimums will rise to $25,000 for injury or death of one person,…

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