:::

Car Insurance Chicago Information

:::
 




:::

Car Insurance Chicago Articles

:::

Auto Insurance 101

By Chris Tolamalu

Auto insurance, as the term suggests, is insurance that you can purchase for your vehicle (cars, trucks, SUVs, motorcycles, etc.). It provides protection against losses incurred as a result of vehicle accidents. While the product seems simple, there are many different types of auto insurance policies available for purchase. Depending on the policy that you choose, your coverage levels and types will vary. Broadly speaking, these are the types of auto insurance programs on the market today:

Coverage:

• ‘Comprehensive coverage’ (Comp) – This kind of insurance insures your vehicle against the cost of purchasing a new vehicle if it is stolen or destroyed in a fire.

• ‘Collision coverage’ (Coll) – This kind of insurance insures your vehicle against the cost of repairing the vehicle following an accident or the cost of purchasing a new vehicle if it is damaged in an accident beyond economic repair.

Protection:

• Personal Injury Protection (PIP) - This insures against the cost of medical expenses and lost wages related to the use, ownership or maintenance of a motor vehicle. This insurance is mandatory in some U.S. states.

• Medical Payments (MP) - insures against the cost of medical expenses for bodily injury sustained in an accident beyond any expenses that may be covered by PIP.

• Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party.

While ‘Liability insurance’ covers only legal liability, ‘comprehensive insurance’ covers PIP, MP, as well as legal liability. In the United States, liability insurance covers claims against the policyholder and any other operator of the insured’s vehicle. If, however, any other operators live at the same address, they must specifically be covered on the policy. For rented vehicles, most rental car companies offer insurance to cover damage to the rental vehicle.

While comprehensive insurance covers most aspects of damage which can affect the car itself or the driver, there is one risk associated with buying a new car is not covered even by comprehensive insurance – once the car is bought, there is a sharp decline in its value. During this period (immediately after a car is bought), in which the remaining car payments exceed the value of the vehicle and thus the compensation the insurer will pay for a ‘totaled’ (destroyed, or written-off) vehicle, customers may consider purchasing ‘GAP insurance’. GAP insurance was established in the early 1980's to provide protection to consumers based on buying and market trends.

Free Quote Car Insurance Chicago - Turn 21 Today!


:::

Car Insurance Chicago Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Car Insurance Chicago News

:::


Chicago among least expensive cities for car insurance, study says
Chicago is among the least expensive cities for car insurance according to a new study released Thursday.

Detroit Tops U.S. In Car Insurance Costs
Detroit isn't just the car capital of the U.S. ? it's also the king of car-insurance costs. According to insuranceQuotes.com, a subsidiary of finance-info provider Bankrate Insurance, the Motor City and its metropolitan area lay claim to the dubious distinction...

3 cities where car insurance tops $1,000 a year
The most ? and least ? expensive cities for car insurance.

Metro Denver has sixth-least expensive car insurance in the nation
The Denver metropolitan area has the sixth cheapest car insurance in the nation, according to a report released Thursday by insuranceQuotes.

Where Drivers Pay the Most -- And Least -- For Car Insurance
Average auto insurance costs can vary from one major U.S. city to another by as much as nearly 200 percent, with Detroit leading the pack in premiums,

Are you a safe driver? IMS' car can tell you
Intelligent Mechatronic Systems (IMS) has built a connected car experience focused on safer, smarter and greener driving. CHICAGO, Sept. 2, 2014 /PRNewswire/ - Intelligent Mechatronic Systems (IMS) is ...

Which city has the highest auto insurance rates?
Survey ranks 25 nationwide; average annual premiums range from more than $2,000 to less than $500

Uber Zooms Through Legislative Road Block
NEW YORK ( MainStreet ) ? Uber and Lyft celebrated a victory on Tuesday when Illinois Governor Pat Quinn vetoed legislation to establish statewide standards on car sharing services, tightening government oversight on what has so far been a largely unregulated market.

The Most & Least Expensive States for Owning a Car
Insurance premiums and repairs make up a lot of a car owner's expenses, but one thing really drives the annual costs of operating a car: How much you drive.

Metromile Pitches Pay-as-You-Drive Auto Insurance
Greg Muender, a 27-year-old tech entrepreneur in San Diego, was constantly shopping for the best deal on car insurance. ?I probably switched carriers five times or more? over five years, he says. ?Insurance was a commodity to me.?


:::

Car Insurance Chicago Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com