Consider Complaint Ratios
No comparison among providers is complete without a sneak peak at the complaint ratios of the companies. If you want to know how a provider treats its customers, the complaint ratio will tell all. Sure, there will be some complaints about all companies - no company can make everyone happy. But the ratio reveals how many complaints there are versus how many customers or policies. Two companies with 4000 customers might be similar in every area, except one of the companies has 100 complaints and the other has only 40. The latter company likely takes extra steps to ensure the satisfaction of its customers. You can visit the Department of Insurance website for the state of Illinois to view complaint ratios and more information about top providers in Chicago.
Make sure you understand exactly what type of policy and how much coverage you're getting. You might buy too much or too little coverage if you're not careful. You must purchase the minimum amount of liability coverage as required by the state of Illinois. This includes Bodily Injury coverage of at least $20,000/$40,000 and Property Damage insurance amounting to at least $15,000. Uninsured motorist insurance amounting to at least $20,000 per person is also a requirement.
You can also get too much coverage if you own a vehicle that's older with a low value. Don't over-insure an older vehicle unless it's a classic or collectible. Otherwise, you'll be paying more than your car is worth in insurance premiums.
Other types of coverage that are not required but might be beneficial to you include accidental death benefit, gap coverage, medical payments, towing, rental car reimbursement, underinsured motorist coverage, etc. There's also a coverage called custom or non-factory equipment coverage. This covers various custom products that have been added to your vehicle after received from the dealer, such as CB radio, cell phones, CD players, special speakers, etc.
What Determines the Premium?
Chicago auto insurance providers use various resources and risk factors to determine premiums. These may include, but are not limited to, gender, age, driving record, marital status, the type and age of your vehicle, how often you use the vehicle, your financial credit score, where you live and who else will drive your vehicle. These criteria are taken into consideration when determining your premium, which is why you can't base your experience and costs on that of others when it comes to shopping for Chicago car insurance. To save money, ask about discounts for you and other drivers in your household. Discounts are available for teens if they take Driver's Education courses and keep their grade point average high. Discounts might be available for safety and anti-theft features on your vehicle and for various other reasons. Also, keep in mind that opting for a higher deductible will usually lower the premium tremendously.
Find affordable car insurance rates by comparing Chicago providers at our website, Cheapautoinsuranceco.com. We provide easy-to-use features such as a quote comparison so you can save time and money while finding the best rates. Just answer a few questions and then compare the quotes you receive. Be sure to check out each company carefully before paying any on a premium. Then use the knowledge to make an informed decision.
Driving in Chicago can be risky business, but you'll have peace of mind knowing you've got the best auto insurance coverage possible!
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