Auto Insurance
Personal Insurance:
Has Your Company Raised Your Auto Insurance Rates?
The right auto insurance policy can help you get back on the road quickly if your car is damaged or destroyed by an accident, fire, theft, or other event covered by your insurance policy. Your policy may also provide protection against medical and legal expenses resulting from an injury, loss of life, or property damage caused by an an accident involving your vehicle.
An auto insurance policy is a contract between you and an insurance company. You pay a premium and in exchange, the insurance company promises to pay for specific car-related financial losses during the term of the policy. We can help you determine the best coverage for your needs.
- Liability – this coverage also has two parts, bodily injury and property damage of others.
- Bodily Injury – this protects you from the financial responsibility of injuring another person in an accident you caused.
There are limits to this coverage on a per person and total accident basis. Every state has a minimum amount of coverage you must carry. We will help you select the coverage that is right for you. - Property Damage – this protects you from the financial responsibility of damaging other peoples property, such as their car, home, or even a city light post in a covered accident. Intentional acts are not covered.
- Bodily Injury – this protects you from the financial responsibility of injuring another person in an accident you caused.
- Coverage for your car – there are several parts to this coverage, Collision, Comprehensive, Rental Car, and Towing/Emergency Road Service
- Collision – pays to repair losses to your car from a covered accident. There is typically a deductible involved, which is the amount of damage you are responsible for out of your pocket. If you lease or take out a loan for your car, the banks will mandate this coverage and the maximum deductible allowed.
- Comprehensive – pays to repair your car from anything other than a collision, such as fire, theft, flood, vandalism, and other perils. This coverage will also be mandated by a lease or loan.
- Rental Car – reimburses you for the cost of renting a car while your car is in the shop being repaired from a covered loss.
- Towing/Emergency Road Service – This coverage will pay to have your car towed, from a covered loss, to the garage of your choice. It also may provide jump starts, tire change, or locked keys.
NO SURPRISES COME CLAIM TIME
Often, when we review a new client’s coverages, we find they are missing coverages they assumed were there. The two most common missing coverages we find are towing and car rental. Full Coverage is NOT an insurance term; we don’t assume your idea of full coverage is the same as your prior agency. We review and point out missing coverages so you are not surprised when you file a claim. What do you mean towing isn’t covered? How will I get to work without a rental car? Our customers have peace of mind by knowing their coverages.
How much insurance is right for you?
- Liability is a conversation around asset protection. If you’re sued due to an accident you caused, will your policy protect your other assets, including your paycheck? If you don’t have enough coverage, they are at risk.
- Coverage for your car is a conversation about the value of your car, and what you’re comfortable paying out of pocket before the insurance company pays. It’s also a conversation about what your plan is if your car is in the garage for a couple of weeks.
How much auto insurance is right for you?
Our team of insurance professionals understands the car insurance needs of our customers. Auto insurance requirements vary by state. In some states, to drive you must carry:
“Even in states where coverage isn’t required, by law drivers must be able to pay for losses they cause others.”
- Liability coverage to pay for losses you cause others
- No-fault coverage to pay you and your passengers for medical and related expenses caused by injuries from a car accident, regardless of who is at fault
- Both liability and no-fault coverage.
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What coverage do you need?
We write insurance and would be happy to help you ensure you have the right car insurance coverage. Even in states where coverage isn’t required, by law drivers must be able to pay for losses they cause others. Having insurance is the simplest way for most people to comply. To finance a car, it is usually necessary to have insurance that covers damage to your vehicle. This includes both collision and comprehensive insurance.
Collision Insurance
Collision coverage pays for damage caused to your vehicle in an automobile accident. Collision coverage usually also comes with an insurance deductible. It’s the amount of money you pay toward repairs before your collision insurance kicks in. The higher the deductible you’re willing to pay, the less the collision coverage will cost.
Comprehensive Insurance
Comprehensive insurance covers damage done to your car in some way other than a collision, such as if it were stolen or vandalized. Flood, hurricane, theft, windshield damage and fire are also events usually covered by comprehensive car insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible.) Although it’s not legally required by any state, you will probably need it if your car is financed.
Every person is unique – talk to us today to find out how to get the best price and value on Chicago area car insurance for you.