Wisconsin Car Insurance
Wisconsin requires all drivers to carry auto liability insurance. Legislation passed in April 2010 increased minimum liability coverage, minimum uninsured and underinsured coverages, and minimum medical payments coverage. Liability coverage protects you for claims of bodily injury to others and damage to another’s property in an accident for which you are liable. Medical payments coverage pays your medical or funeral expenses regardless of fault. Collision and comprehensive coverage, usually optional in an auto insurance policy, pay for damages to your vehicle.
Collision damage pays if your vehicle collides with another vehicle or object, and comprehensive coverage pays for other covered events, such as fire, vandalism, or theft. Policies issued or renewed prior to Nov. 1, 2011 must provide a minimum liability coverage of $50,000 for injury or death of one person, $100,000 for injury or death of two or more people, and $15,000 for property damage. These are the minimum requirements for liability coverage on or after Nov. 1, 2011:
Required Coverages in Wisconsin:
- Bodily Injury Liability For One Person: $25,000
- Bodily Injury Liability For Two or More People: $50,000
- Property Damage Liability: $10,000
Uninsured motorist insurance pays for losses and damages caused by an uninsured, underinsured, or hit-and-run driver. The Wisconsin Automobile Insurance Plan (WAIP) provides automobile insurance for consumers unable to find auto insurance coverage on the voluntary market. Drivers who do not have insurance risk a hefty fine or license/registration revocation. A criminal or civil offense will result if you’re caught driving after a revocation. Subsequent charges are criminal charges, and may include jail time.
Determining Your Rate in Wisconsin
An auto insurance company will place you in one of three basic categories — preferred, standard, or nonstandard customer — depending on their evaluation of your risk factor. An auto insurance company in Wisconsin will determine your risk factor by your age, sex, and marital status, where you live, and where you drive, what kind of car you drive, how your car is used and how frequently, your credit history, and your previous claims history.
Provide every auto insurance company with consistent information when shopping around to ensure an accurate comparison between insurers. Your premium may be lowered or receive discounts for multiple cars or policies with the same company, the installation of anti-theft or safety devices, and/or an accident-free driving record. The Insurance Information Institute reports that the average expenditure for car insurance in Wisconsin was $591 in 2009, the seventh least expensive average in the United States.