Auto insurance became a legal requirement across the US in 1927; Connecticut was the first state to offer what was called auto liability insurance. The ethos behind this type of insurance is simply that if you are involved in an accident the costs and levels of liability involved are essentially limitless. The idea is that all registered drivers in Illinois pay an agreed and legally binding monthly premium, into a large pot of money. This is then used to ensure drivers against paying for any consequences of an accident.
Car insurance is a fiendishly complex business but works on one basic principle; it is an assessment of risk, the higher the perceived risk the higher the premium. For example, an 18-year-old driver, who has just passed their test will likely not get auto insurance for a Porsche 911 but will get an affordable premium for a Nissan Micra (1.1), even if the driver is not happy about it. The point is no matter your circumstances, car insurance is compulsory, end of the story.
No sensible person is looking for an accident, but they do occur. Auto insurance in Illinois ensures that all parties involved in an accident are returned to a financial position, such that the accident has not happened.
What happens if you drive without insurance?
The bottom line that whether you live in Illinois or anywhere else in the world, driving without insurance is, to put it mildly, a big deal. All parties concerned, the insurance industry itself, law enforcement agencies, and arguably the most important, other road users take a very dim view of driving without auto insurance.
If you crash your vehicle and assuming the accident is your fault, you will have to pay for any damage to vehicles or property and you will be without a doubt in serious trouble with the police. Even if you don’t have an accident and are caught the police can:
1. Impound your vehicle
2. Impose a heavy fine
3. Suspend your license
4. Impose extra conditions to re-granting your license
In addition, you can expect to pay a much higher premium on your next auto insurance premium. If you do have an accident you are responsible for all damages to all vehicles and property, which could be very costly in itself. The message is very simple driving without auto insurance just is not worth it.
Accurate Auto Insurance is an experienced insurance agency offering high quality, yet affordable insurance products in Illinois.
