How Much Car Insurance
Do You Really Need?

Your car coverage plan2023 car · financing · ZIP 60173Built from your answers. Prices come from agents and insurers; this plan tells you what to ask them to quote.Bodily injury liabilityRequired$100k / $300k  ·  Illinois minimum: $25k / $50kYou own a home, so a serious crash claim can reach your savings and equity. Higher limits usually cost much less than they protect.Property damage liabilityRequired$100k  ·  Illinois minimum: $20k$20k may not pay for one newer car, let alone two or a storefront.Uninsured / underinsured motoristRequired$100k / $300k  ·  Illinois minimum: $25k / $50k (uninsured)Pays your own injuries when the other driver has no insurance or too little. Match it to your liability limits.CollisionRequiredYes  ·  Illinois minimum: Not requiredYour lender requires it until the car is paid off.Comprehensive (theft, hail, deer)RequiredYes  ·  Illinois minimum: Not requiredRequired by your lender.DeductibleSuggested$1,000A higher deductible lowers the price, and you said you could cover $1,000. Some lenders cap the deductible, so check your loan or lease papers.Gap coverageSuggestedYes  ·  Illinois minimum: Not requiredNew cars lose value fast, so you may owe more than the car is worth for the first years.Rental reimbursementSuggestedYes  ·  Illinois minimum: Not requiredYou rely on the car to get to work, so a rental while it is in the shop matters.Medical paymentsOptional  ·  Illinois minimum: Not requiredSmall medical bills for you and passengers, whoever is at fault. Less needed with good health insurance.“Required” means required by Illinois law or by your lender or lease. Illinois minimums last checked 2026-11-09.What moves your priceLowersAge 25–64 is usually the lowest-priced range.LowersA clean 3-year record usually qualifies for good-driver pricing.VariesAverage yearly miles.VariesYour ZIP code: local theft, claims and traffic change the base price.VariesInsurers in Illinois may use a credit-based insurance score.Discounts to ask about✓  Home and car bundle✓  Paying in full or by autopay✓  Paperless documents✓  Good-driver discount✓  Safe-driving app (tracks your driving)Questions to ask any agent✓  Which companies can you quote for me? An independent agent can quote several; a company's own agent quotes one.✓  Is this price for the limits on my plan, or for lower ones?✓  Does my lender limit the deductible?✓  What would an umbrella policy cost on top of this?✓  How would one at-fault accident change my price?

How It Works

01Answer a few questionsYour car, your drivers, how you drive and what matters most to you. Taps, not forms.02Read your planEach coverage shows the Illinois minimum, what we suggest for you and one line on why.03Take it anywhereAsk any agent or insurance company to quote these exact coverages, so the prices you compare match.

Common Questions

What is the minimum car insurance in Illinois?

Illinois requires liability coverage of at least $25,000 per person and $50,000 per accident for injuries, $20,000 for property damage, and uninsured motorist coverage at $25,000 / $50,000.

Is the state minimum enough?

For many drivers it is not. One injury claim or one damaged newer car can pass those limits, and you pay the rest. Your plan shows what to consider for your situation.

Should I drop collision on an older car?

A common rule of thumb: if a year of collision and comprehensive costs more than about 10% of what the car is worth, it may not be worth keeping. If you have a loan or lease, your lender or lease usually requires it.

Does Schaumburg Marketplace sell insurance?

No. We are not an insurance agent and we do not sell insurance, recommend agents or show prices. This plan is general information to help you shop.

This plan is general information, not insurance advice. Coverage, prices and discounts depend on the insurance company and your full situation. Always read the policy before you buy.

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