Illinois Passes Bill to Increase Minimum Auto Insurance Coverage

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Some Illinois motorists may soon see an increase in their insurance rates. The Illinois House passed legislation in May 2013 that would raise the minimum liability coverage requirements from $20,000 to $25,000 for injury or death of one person, and from $40,000 to $50,000 for injury or death of two people, for all insurance policies issued or renewed on or after January 1, 2015. The new legislation would also raise minimum coverage amounts for property damage from $15,000 to $20,000.

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The bill already passed the Illinois Senate so it has moved on to the governoru2019s desk for signature.

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According to an article in theu00a0Chicago Tribune, one legislator estimates that insurance premiums could increase by about $75 for the additional insurance coverage u2013 a relatively small price to pay to compensate the victims of auto accidents caused by negligence.

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Nearly every state requires motorists to buy a minimum amount of liability insurance, and Illinois has been among the bottom half of the states for years. Illinoisu2019 minimum insurance coverage amounts have not been raised in nearly 24 years so the increase is long overdue. As the billu2019s proponent, state Rep. Laura Fine, has said, Illinoisu2019s insurance coverage amounts have not kept pace with rising medical costs. u201cThis will save people who are injured in an accident that is no fault of their own from some of the out-of-pocket medical costs they may incur,u201d Fine said.

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In some cases, the minimum liability coverage is still insufficient to cover the injuries and damages caused by the auto accident. If a person is injured in an Illinois auto accident and the negligent motorist lacks sufficient insurance coverage to cover medical costs and other personal injury damages, the injured party may need to file a claim with his or her own insurance company for the remainder.u00a0Uninsured/underinsured motorist provisionsu00a0can be confusing, with many nuances, so it is beneficial to discuss the claim with a skilled Illinois auto accident attorney.

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Unlike some other states, including Michigan,u00a0Illinois is not a no-fault insurance state. Accordingly, Illinois insurance coverage uses modified comparative negligence tort principles to determine liability and compensation and drivers are required to maintain a certain minimum amount of insurance coverage.

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Theu00a0Chicago auto accident lawyers at Ankin Law, LLC are dedicated to protecting the rights of auto accidents victims and helping them to obtain full and fair compensation. Inadequate minimum liability coverage requirements, and no-fault insurance caps, significantly hinder the ability of an auto accident victim to obtain adequate financial recovery.

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If you or a loved one has been injured in an auto accident or you would like more information onu00a0auto insurance laws,u00a0contactu00a0our office at (312) 600-0000 to schedule a free consultation with one of our skilledu00a0Chicago auto accident attorneys.

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Chicago personal injury and workers’ compensation attorney Howard Ankin has a passion for justice and a relentless commitment to defending injured victims throughout the Chicagoland area. With decades of experience achieving justice on behalf of the people of Chicago, Howard has earned a reputation as a proven leader in and out of the courtroom. Respected by peers and clients alike, Howard’s multifaceted approach to the law and empathetic nature have secured him a spot as an influential figure in the Illinois legal system.

Years of Experience: More than 30 years
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Bar & Court Admissions: Illinois State Bar Association, U.S. District Court, Northern District of Illinois, U.S. District Court, Central District of Illinois
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