Although Illinois state officials have expressed concern about the economic recession’s effects on auto insurance, recent figures released by the state appear to show those worries unfounded.
Due to difficult economic conditions, officials had feared that drivers in Chicago and throughout the state might be tempted to cut costs by forgoing the purchase of state-mandated auto liability insurance. However, according to numbers released in early July, only 4.9% of vehicles under mandatory insurance laws were uninsured in 2008 – only a small increase from 4.8% in 2007.
Officials credit strict monitoring and harsh penalties for keeping the number of uninsured vehicles in the state low despite economic pressures.
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