Illinois Insurance Requirements & Rates

Illinois requires minimum liability coverage of 25/50/20 (bodily injury per person / per accident / property damage). Illinois is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is required.

Illinois homeowners face risks from tornadoes, flooding, severe thunderstorms, winter storms. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,662.

Illinois has no motorcycle helmet requirement. Lane splitting is not legal. Eye protection is required for all riders. The riding season is april–october.

Yes, workers' compensation insurance is required in Illinois. Sole proprietors and partners may opt out. Illinois has approximately 1,300,000 small businesses, with top industries including Finance, Manufacturing, Healthcare.

Yes, Illinois has expanded Medicaid. The state uses a state-federal partnership health insurance marketplace. The uninsured rate is 7%.

Yes, landlords in Illinois can require tenants to carry renters insurance as a condition of the lease. About 34% of Illinois residents are renters, with average monthly rent of $1,125.

With a median household income of $72,563, most Illinois families should consider 10-12x their annual income in life insurance coverage. Currently, 52% of Illinois households have life insurance.