Illinois car insurance minimums could go up - Quincy News, Weather, Sports, and Radio

Illinois car insurance minimums could go up


Lawmakers say Illinois has one of the lowest car insurance liability requirements in the Midwest.

But you could soon find yourself paying more under a bill that has passed the Illinois House Judiciary Committee.

Right now, you only have to carry $15,000 in property damage as the minimum on your car, as was set back in 1989.

The new bill aims to raise the minimum to $20,000 and raise the current $20,000 bodily liability to $25,000.

Representative Laura Fine is the sponsor of the bill. She says adding $5,000 to the minimum requirement would mean an addition of about $75 a year for each person's bill.

But insurance agent Troy Dawson at O'Brien Insurance Agency says the difference in the state minimum and better coverage is a just small difference in your premium, "The state minimum in property damage is $15,000. If you damage a newer vehicle and it goes above that $15,000, that comes out of your pocket also because you've exceeded your limit of liability."

"Whether you own a home, whether you own a lot of money, you own your car. Even if you don't have anything as far as assets today, somebody could sue you for assets you may take on in the future."

Dawson recommends that if you get your insurance online, double-check that you aren't just getting the minimum for a low rate. He says it's best if you call and speak to an agent or someone who can tell you exactly what you're getting covered for.

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