Illinois Considers Stricter Liability Insurance Requirements

SPRINGFIELD, IL (IRN) – Illinois is low on many lists and a state lawmaker points out the state has the lowest requirements for car insurance in the Midwest. State Rep. Laura Fine (D-Glenview) wants to increase the minimum liability coverage required.

“(The General Assembly) set the rate, at that time, of $20,000 for bodily injury and $15,000 for property damage. That has not changed in 24 years,” Fine said.

Fine experienced the situation first-hand when he husband was hit by a distracted driver, and had to have his arm amputated. The driver’s liability insurance covered only $20,000 of the $500,000 cost.

“The insurance companies say the yearly increase (in premiums) will be minimal. I can’t put a figure on it but somebody threw around maybe $75 a year,” Fine said.

S.B. 1898 increases coverage of injury or death for one person from $20,000 to $25,000, two or more people from $40,000 to $50,000, and property damage from $15,000 to $20,000. The bill has passed the House Judiciary Committee.

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