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Is Auto Insurance Required in Illinois?

If you have a vehicle, you know that you’ll likely need to have some form of insurance. New drivers in Illinois may not know for sure what insurance they’ll need. It can help to talk to an agent from OnQuote Insurance about what’s required in your situation. 

Auto Insurance in Illinois 

Do you need to have automobile insurance in Illinois? The short answer is yes. You are required to have basic liability insurance in an amount that’s appropriate for your vehicle. This protects you in the event that you get into an accident. 

At Fault Insurance 

Illinois goes by a fault system that means the individual who is considered to be an adult for causing the auto accident will be responsible for compensating people who were harmed in the crash. The at-fault party should have adequate insurance that will cover such losses up to the limits of their policy. They will be responsible for the costs of vehicle damage and compensation for injuries and other losses that arise from the accident. 

Auto Insurance Claims in Illinois 

In this state, the individual who has been injured or suffered damage from an auto accident can do one of the following things: 

  • File a claim with their insurance provider (as long as the loss is something that would be covered under their policy), after which the company likely will initiate a subrogation claim against the at-fault driver’s insurance provider
  • File a third-party claim directly with the insurance company of the at-fault driver
  • File a personal injury lawsuit against the at-fault individual in civil court 

When you want quality auto insurance and to know you’re getting the appropriate coverage for your needs, consider OnQuote Insurance of Illinois. We’ll help make it an easier process to get the insurance you need. 

Required Commercial Insurance in Illinois

When you own a business in Illinois, there are required types of commercial insurance as well as types of commercial insurance that are recommended but not mandated. If you are interested in getting commercial insurance, call us now at OnQuote Insurance in Illinois to find out more. 

Workers’ Compensation

Workers’ compensation insurance is required for most Illinois businesses. If your business has even one employee, even if they are just part-time, your business is required to carry this insurance. This type of insurance pays the medical bills and other costs that result from an accident that happens at work. This kind of insurance protects you as a business owner because it pays those medical bills and other costs so that your business doesn’t have to. It protects employees by making it easy to get those funds so that they don’t have to sue your business. 

Commercial Auto Coverage

If your Illinois business owns a vehicle, it is required to have a commercial auto insurance policy. There is a specific minimum amount of bodily injury liability required for one person who becomes injured in an accident that is caused by the driver of your business vehicle. There is a second amount required for all of the people who are injured in the accident. There is also a minimum amount required for property damage liability. In addition, Illinois requires uninsured motorist coverage with one set minimum required for one person injured and another minimum required for everyone who is injured. 

Get Commercial Coverage

When you need commercial insurance, you can call us at OnQuote Insurance in Illinois to find out more about the many types of commercial insurance that can protect your business. Coverage like business owner’s insurance and cyber insurance may be right for protecting your business from a number of risks. 

Is Home Insurance Mandatory?

Should you only buy insurance if it’s required by law? If you answered yes, you are very wrong. Buying insurance because it’s a legal requirement is getting your financial priorities wrong. Similarly, you are also missing the point if you are not buying insurance because it isn’t required by law.

Back to home insurance. Is it mandatory? No Illinois law requires you to invest in home insurance. However, if a federal-regulated financial institution has financed you, they may require you to purchase basic home insurance. Why? You see, just like you, your lender has a financial interest in your home. As such, it makes sense to secure it until you have paid off your mortgage.

Why should I invest in home insurance?

Asking whether you need home insurance is like asking whether you need a health insurance plan. While both aren’t required by law, you still need them to cushion you when the unthinkable happens. You need to purchase home insurance from OnQuote Insurance because it protects you in the following areas;

  • Liability protection: Home insurance protects you when accused of property damage and bodily injury by others. It also comes to your rescue when sued by third parties.
  • Asset protection: Home insurance protects your building and the contents inside from perils like fire, theft, vandalism and other natural disasters.
  • Loss of use: If your home becomes unlivable due to damage by a covered risk, home insurance puts you in a hotel or a home equivalent to your home until your dwelling becomes habitable once again.
  • Medical payments: Your home insurance pays for medical costs for injuries sustained by third parties while on your premises.

Would you like to protect your Illinois home with homeowner’s insurance? Please get in touch with OnQuote Insurance for an affordable quote.

How Illinois Residents Can Find Coverage For Their Modified Vehicles

OnQuote Insurance provides coverage to Illinois residents. We are an independent agency. We have a working relationship with several carriers throughout the Midwest. We help our clients find policies designed to meet their unique needs. We can help you find coverage to minimize risks and enjoy a comfortable lifestyle.

How Illinois Residents Can Cover Their Modified Vehicles

Auto insurance helps Illinois drivers enjoy peace of mind while they are out on the road. Collision coverage protects you if your vehicle is damaged in an accident. You are also covered if you are held liable for any property damage or if someone gets hurt. You can inquire about a more comprehensive policy to cover your vehicle if it is stolen or damaged due to a natural disaster. Comprehensive coverage also covers your vehicle if you need emergency assistance.

If you are a car collector, you will likely customize your vehicle in some fashion. Your auto insurance may be impacted by your upgrades. Once you have changed the vehicle, you now have a modified car. Whether you choose to tint your windows or change the suspension, it is classified the same. Many standard auto insurance policies do not cover upgrades unless you amend your policy. If you upgraded your stereo system or installed a navigation system, you can add customized parts and equipment coverage to protect you if those items are damaged.

It may also be a good idea to have your vehicle appraised. That way, you will have a clear idea of your vehicle’s true value if something happens to it. If you plan to drive your custom vehicle less frequently, that could also lead to a change in your policy.

OnQuote Insurance Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.  

How Commercial Insurance Can Save Your Illinois Business

Small businesses operate on a tight budget. As such, many small business owners may find overlooking commercial insurance with a view of saving some dollars. Unfortunately, this move can be catastrophic when calamities strike. Without commercial insurance, one significant risk like theft and fire can wipe your business finances, complicating your survival.

Have you been thinking of getting commercial insurance in Illinois? You are on the right track. All you need is to contact OnQuote Insurance to purchase coverage. As a result, business insurance will save your business as follows: 

Liability protection

Did you know one significant legal suit can grind your business to a halt? Given that we live in a litigious society, it’s critical to protect your business from claims arising from property damage, bodily injury, and advertising injury you may cause to third parties. 

Protects your assets

What would your business be without assets such as computers, inventories, furniture, and so on? The truth is that your business can’t function without assets. That said, it’s paramount you protect yourself if perils like fire, theft, vandalism, and natural disasters strike. 

Protects your workers

Since employees form a crucial component of your business, it’s wise to invest in commercial insurance to protect them from illnesses and work-related injuries. Additionally, when you purchase worker’s comp insurance, it compensates your employees for loss of income when they can’t resume work following their injuries. 

It saves your business finances

When considering running your business without commercial insurance, think about the cost of lawsuits from employees and third parties? What about the cost of replacing your assets when damaged? The amount could be massive. Luckily, commercial insurance saves your business such expensive mishaps.

Buy commercial insurance in Illinois

To find out the commercial insurance coverages suitable for your business, why not get in touch with OnQuote Insurance. After analyzing your business needs, we will be happy to provide you with a competitive quote. 

Home insurance FAQs

Home may be where the heart is, but it is also where lots of risks exist. As a homeowner, you can lose a lot of sleep if you don’t have good home insurance that makes you feel safe and secure. Home insurance has different parts and each one needs to be designed to suit your needs. Having an independent insurance agent who takes the time to get to know you and your finances is important. In Illinois, OnQuote Insurance is the place to come for personalized service. 

How much liability coverage do I need?

In general, it is suggested that you have at least enough liability coverage to protect what assets you have. That should include the value of your home, vehicles, and any savings that you have. The default amount is usually $100,000 and this may not be nearly enough. 

Does my home insurance cover floods?

Unfortunately, no home insurance does not cover floods. If you live in an area where floods are a danger, you should purchase a dedicated flood insurance policy. 

Is my jewelry covered by my home insurance?

Yes, jewelry is covered under contents coverage. There are limits on the coverage. Check your policy and consider adding a rider to give you additional coverage if you need it. 

If my home is damaged will I be reimbursed for living expenses?

Yes, you will be able to collect additional living costs while your home is uninhabitable up to the limit on your policy.

If my laptop is stolen from my car will it be covered by my home insurance?

Yes, it will. It is the contents of your home and even if it travels with you, it is covered. 

Contact OnQuote Insurance in Illinois when you want to make sure your home policy is customized just for you or you have coverage questions.