What to Know About Older Vehicle Insurance

When you own an older vehicle, does the state require additional insurance? This is a good question and one we can help with. At Com-Co Insurance Agency Inc, we are the agency to contact when you want to know just how much coverage is required for your older auto in Mount Prospect, IL. 

Mount Prospect, IL Insurance Requirements

The good news is, that the state of Illinois does not require owners of older vehicles to purchase additional insurance. You are only required to have the minimum liability coverage the state requires. The minimum coverage is to cover bodily injury for each person, bodily injury for each accident, and coverage for property damage. 

Along with not forcing owners to purchase additional cover, the state does not require that the auto to have special inspections, or that you raise the limits to your current coverage.

The state does enforce, through an electronic process, that the liability coverage for a vehicle, regardless of its age, be verified twice during the year. 

Because you are required to have only the state minimum, you may want to consider adjusting your current policy, especially if you have a vehicle with a low value with full coverage that includes comprehensive or collision, which would save you money. There may be an exception to not having comprehensive or collision coverage if your older vehicle has a loan or a lease. 

Even though the vehicle is older, you will want to have enough insurance protection for your vehicle and any medical bills. The state standard coverage will only cover any damage or injuries to others that result from an accident you are responsible for. 

Contact Us

Take your peace of mind to the next level with a call to Com-Co Insurance Agency Inc about insurance coverage for your ATV.