PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Is gap insurance required in Illinois?
I’m car shopping and I think I’ve found the perfect vehicle for my needs. Even though I have some cash, I’ll still need to take out a loan. I just want to know if I need to budget a bit more for gap insurance. Does Illinois legally require gap insurance?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
However, gap insurance might be a good investment based on your finances. Gap insurance covers the difference between your loan balance and the actual cash value of your car if you’re in an accident where the car is totaled. If you don’t have gap insurance, you’re on the hook to pay the difference.
Gap insurance isn’t required in Illinois, but rest assured, your lender will require you to have
full coverage car insurance
car insurance. This type of coverage can get expensive, so make sure to use the Jerry
app to compare rates.Jerry is a licensed insurance broker and insurance comparison tool that collects quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $800+ per year on car insurance.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
.jpg&w=64&q=75){kind=avatar}
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies