IL to Raise Insurance Minimums

Illinois is now poised to raise mandatory auto insurance minimums.  An article in the Chicago Tribune on May 28th reported, "The Illinois House passed legislation over the weekend that would raise the minimum liability coverage -- insurance that helps pay for injuries to others -- to $25,000 for injury or death to one person, up from $20,000. It would also increase minimum coverage to $50,000 for injury or death of two people, up from $40,000."

QuotePro, the industry-leading comparative rater for auto insurance, ramped up immediately.  "We are ready to implement new defaults for our Illinois users that reflect the new state law," said Chris Albu, QuotePro's Sales Manager.  

"This actually demonstrates QuotePro's continous improvements and flexible infrastructure."  Albu noted that QuotePro is continually updating rates for the carriers with whom QuotePro manufactures their rates, but by and large, most rates are obtained in real-time and checked against real-time data working in concert with the particular agents' appointments and rates.

Google By Brian Marquis

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posted on Friday, March 14, 2014