Benico, Ltd. - Employee Benefits and Insurance

Auto insurance protects you against financial loss if you have an accident. You can get a quick auto insurance quote right here, right now. Our auto insurance agent will be your advocate and find the auto insurance that best meets your needs.

What is auto insurance?

Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.

Auto insurance provides property, liability and medical coverage:

• Property coverage pays for damage to or theft of your car.
• Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
• Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

Like Illinois, virtually all states require you to have some type of auto insurance coverage. If you're financing a car, your lender may also have requirements.

Most auto insurance policies are for six months or a year. Your auto insurance company should notify you by mail when it's time to renew the policy and to pay your premium.

Why do you need auto insurance?

It's really all about protecting yourself financially.

• If you're in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.
• If you or any passengers are injured in an accident, medical costs can be extremely expensive.
• If you or your car is responsible for damage or injury to others, you may be sued for more than you're worth.
• Not only is having auto insurance a prudent financial decision, most states require you to have at least some coverage.

Questions to ask your auto insurance agent

Your independent auto insurance agent is an advocate for finding auto insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:

• How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)
• What discounts are available? (Ask about good driver, multiple policy and student discounts.)