If you are in the market for automobile insurance, you probably understand just how many options there are when it comes to the level of coverage you want. Have you considered full coverage? This is the level of coverage that covers you and the other party’s vehicles and medical bills in the event of an accident where you are at fault. Full coverage may not be the best auto insurance in Illinois for you, but there are some instances where it is a good idea. In some instances, it is even mandatory.
Lease
If you are leasing your vehicle, the dealership will require you to have full coverage because of the value of the new vehicle and the fact that you don’t own it. These factors should lead you to consider adding extras to your policy like rental coverage if you are without your vehicle for an extended period of time.
Brand New Car
Full coverage is a good idea whenever your car’s value is more how much you owe on it. In this instance you will need full coverage with gap insurance, ensuring you don’t’ owe the difference if your car is totaled. You will almost assuredly be in this position if you purchase a new car unless you pay an inordinately high down payment.
Company Vehicles
If your company owns a fleet of vehicles, it is a good idea to insure them with full coverage. The last thing you want is for your business to miss out on revenue because your vehicle wasn’t properly covered with the best auto insurance in Illinois in a work-related accident. If you are considering full coverage auto insurance, go to Accurate Auto Insurance for all the information you need.
