Decode Car Insurance in Chicago, IL with This Guide to Policy Types

July 7, 2016

Get the right type of car insurance in Chicago!

Purchasing auto insurance can be confusing. There are many different policies with all sorts of different coverage options. Not to mention, carrying coverage is further complicated because you must comply with all legal insurance requirements. Learn all about everything from liability coverage to comprehensive coverage, and find out how to pick the car insurance in Chicago that’s right for you.

Liability Coverage.

Liability coverage is the bare minimum type of insurance that most states require you to have. It gives you coverage to pay any medical bills or property damage fees if other parties involved in the accident sustained damaged if the accident was deemed to be your fault. Keep in mind that this type of policy won’t give you any coverage for damages that you sustain.

Collision Coverage.

If you get into an accident with anything from another car to a lamp post, collision coverage helps to protect you. It will help to pay for any damages to your vehicle.

Comprehensive Coverage.

Sometimes damages aren’t caused by traffic accidents. Vandalism, theft, and mother nature can all be just as detrimental to your car. However, most policies won’t cover such damages. That’s where comprehensive coverage comes in. If your car sustains damages from something other than a car crash, comprehensive insurance has you covered.

Underinsured/Uninsured Coverage.

Despite your safe driving and all your insurance coverage, sometimes other drivers on the road aren’t as prepared. In fact, one in eight drivers are uninsured, which means you’re stuck paying out of pocket. Protect yourself from a costly accident and invest in uninsured coverage.

When looking for car insurance in Chicago, do your homework so that that you can choose the right coverage. Located in Illinois, Thomas Ward Insurance serves all your personal and commercial insurance needs. Contact us for more information.