Why Does Auto Insurance Matter?

Auto insurance might seem like just another recurring expense, but it serves a vital role that can far outweigh its cost. Here, we’ll dive into why auto insurance matters, especially for our friends and neighbors in Wood Dale, Illinois, and the surrounding areas. 

Understanding Illinois Legal Requirements 
State law requires drivers to carry a certain level of auto insurance to help provide financial protection to everyone on the road. In Illinois, drivers must maintain minimum amounts of auto liability insurance designed to help cover bodily injury and property damage to others. 

The costs could be devastating if you’re at fault in an accident. Auto liability insurance helps cover those costs so you don’t deplete your savings or put your assets at risk. Liability insurance pays only up to the policy’s dollar limits. Depending on your situation, your agent may recommend purchasing more than the required amount of this crucial coverage. 

Protecting Your Vehicle 
Auto insurance policies don’t just cover damage to other cars; they can also help cover damage to your vehicle, regardless of who caused the accident or incident. If you finance or lease your vehicle, the lienholder may require full coverage, which typically includes comprehensive and collision insurance. 

If you are involved in a damage-causing incident or accident, this policy may help cover the costs of repairing or replacing your vehicle minus your deductible. 

Paying for Accident-Related Medical Expenses 
An often overlooked aspect of auto insurance is its coverage for medical expenses. Whether it’s the hospital bills from a significant accident or the cost of rehabilitation to help you recover, accident-related medical costs can add up quickly. Even with health insurance, copays and deductibles for medical treatment can be costly. Auto insurance can help offset these costs. 

You can add medical payments (MedPay) coverage to your car insurance plan. This coverage may help you and your passengers pay for accident-related medical costs up to the policy’s limits. 

Contact Us 
For drivers in Wood Dale, Illinois, and surrounding areas, Samco Agency is the go-to resource for navigating the ins and outs of auto insurance. Our team is ready to help you understand your auto insurance options, get coverage to comply with state laws and help provide appropriate financial protection. Contact us today for a personalized auto insurance quote. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.