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The average cost of a full-coverage car insurance policy in Illinois is about $128 per month or $1,541 per year. These figures are about 22% cheaper than the national averages of $167 per month and $2,008 per year.
The Illinois new-car insurance grace period is 7 to 30 days in most cases. The new-car grace period is how long insured drivers are allowed to drive a newly purchased vehicle before adding it to an existing car insurance policy.
In the first-party context, bad faith is a purely statutory construct which hinges upon whether an insurers conduct was vexatious and unreasonable. Section 155 of the Illinois Insurance Code (215 ILCS 5/155) provides the exclusive remedy for bad faith conduct by an insurer and also preempts other causes of action
Section 215 ILCS 5/143a - Uninsured and hit-and-run motor vehicle coverage (1) No policy insuring against loss resulting from liability imposed by law for bodily injury or death suffered by any person arising out of the ownership, maintenance or use of a motor vehicle that is designed for use on public highways and
You are in compliance with the law if you have liability insurance in the following minimum amounts: $25,000 for injury or death of one person in a crash. $50,000 for injury or death of more than one person in a crash. $20,000 for damage to property of another person.
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All insurers writing automobile insurance in Illinois are required to participate in the ILAIP by subscribing to the Plan. All agent and brokers holding a valid license to transact automobile insurance in the state of Illinois are eligible to submit applications to the Plan.
No, uninsured motorist coverage is not required in Illinois, as drivers can reject the coverage in writing. Still, insurance companies are required to offer at least $25,000 in uninsured motorist bodily injury coverage per person (up to $50,000 per accident).
Illinois law only requires liability insurance in order to be legal. However, its worth considering adding more coverage to your insurance policy to add further protection. Collision: Collision coverage is important if you want to have your own vehicle covered.

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