Illinois Car Insurance to Protect Your Car

Next to your house, your car is probably the next most expensive purchase you will make in your lifetime. If you took out a loan to finance your vehicle, the lender will likely insist that you have collision and comprehensive coverage in place. Until the loan is paid off in full, the lender has a financial interest in the vehicle and it will definitely want to protect its interest.

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Collision coverage protects a vehicle owner when the car has been damaged in an accident. It pays for the cost of repairing the vehicle and bringing it back to the condition it was in prior to the accident. If the car was totaled in the accident, the insurance company will make a payment equal to the cash value of the vehicle, less the deductible.

Comprehensive coverage is another form of insurance that protects a vehicle owner. It pays out when the vehicle has been damaged or destroyed by hail, fire or an act of vandalism. It also protects the policyholder if the car is stolen. Comprehensive coverage  also provides protection if the car is damaged due to hitting an animal.

Unlike bodily injury liability coverage, which protects the occupants of the other vehicle when an accident occurs, the collision and comprehensive coverage is designed to benefit the vehicle owner.

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