Buying Car Insurance in Illinois… Avoid the Pitfalls, or Should I say Pot holes
You have likely seen car insurance commercials across television, smartphones, and laptops, with insurance companies and insurance agents promising low auto insurance premiums. Next to pharmaceutical companies, auto insurance companies are among the most aggressive advertisers.
You often hear claims like “lowest cost auto insurance” or “get covered for $25 down,” but is choosing the cheapest car insurance really the best decision? When something as valuable as your vehicle and financial security is at stake, it is important to understand what you are actually purchasing.
The Illinois Department of Insurance allows both standard insurance companies and non-standard insurance companies to sell automobile insurance in Illinois. Our focus here is on non-standard auto insurance companies, which typically insure high-risk drivers.
While some standard insurance providers insure high-risk drivers at higher premiums, they generally offer stronger protection. Non-standard auto insurance may offer lower rates, but as the saying goes, “you get what you pay for.”
Risks of Non-Standard Auto Insurance Companies in Illinois
A non-standard insurance company will often delay processing claims, especially after a car accident. If you are found responsible for a crash, these companies may delay or deny the other party’s car accident claim, potentially forcing you into a lawsuit.
The business model of many non-standard insurers focuses on minimizing payouts rather than protecting the insured or the injury victim. They frequently search for reasons not to pay claims, even when coverage exists.
Tips for Buying Non-Standard Car Insurance in Illinois
If you are required to purchase non-standard auto insurance, consider the following recommendations:
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Know the exact insurance company name, not just the advertising agent.
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Research state complaint records and obtain multiple insurance quotes.
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Understand all coverage types and policy limits, including dollar amounts.
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Answer all application questions honestly and completely, as omissions may be used to cancel coverage later.
As with any major financial decision, buyer beware. Perform due diligence before purchasing car insurance in Illinois.
Injured by a Driver With Non-Standard Insurance?
If you or a loved one were injured by a driver insured through a non-standard insurance company, do not face the process alone. Contact Mancini Law Group P.C. at 773-745-1909 to learn how we can help you pursue the justice and compensation you deserve.
