Car Insurance Minimum Raised in Illinois

 Posted on June 08,2013 in Personal Injury

In Illinois, if you are in a car accident and it is your fault, you will have to cover the costs for both your car and the car that you crashed into. Recently, however, minimum insurance plans have not been covering these accidents and people have to pay out-of-pocket for the damages. This is why lawmakers have chosen to increase the minimum insurance that drivers must carry. Although they are counting on this bill going through, it still must be signed by Gov. Pat Quinn, and even then, the legislation will not take effect until 2015. Changing the minimum will raise insurance rates about $75 a year according to Dan Block, owner of Insurance King, which is nothing compared to what minimally insured drivers could have to pay out-of-pocket for an accident that is not covered. This law change is long overdue. By 2015, the Illinois insurance policy will have remained unchanged for 25 years. State Rep. Joe Sosnowski was one person who voted against the bill, saying that he believes raising insurance rates will only reduce the number of people who sign up for auto insurance, which will increase danger on the roads. Insurance King owner, Dan Block, argued in favor of the rise in insurance prices, based on inflation. He explained that the increase in the price of a car between 1990 and 2013, along with the outrageous gas price increases, then adding that car insurance rates have remained the same. He believes that if car prices and other costs are increasing, but insurance rate minimums remain the same, "drivers will risk being underinsured." The final results has not been determined on what will become of this legislation, but there seems to be a good chance of minimum insurance rates going up soon. If you have gotten into trouble with your insurance due to being underinsured after causing an accident, contact an Illinois accident attorney for assistance. Attorneys at Mevorah & Giglio Law Offices can help you with your accident issues today.