Wisconsin Auto Insurance – New Requirements, June 2010
Many drivers in Wisconsin will not be informed, but new auto insurance requirements are in effect from June 2010. Being familiar with the new regulations is of great importance. If you don’t comply, unintentionally or not, you will face charges and may even lose your driving license. The following article will give you all the basic information regarding car insurance in Wisconsin so read it very carefully.
Auto Insurance In Wisconsin – Minimum Limits
The minimum auto insurance limits, according to the new Wisconsin law, are::
$50,000 – Bodily Injury or Death of One Person
$100,000 – Bodily Injury or Death of Two or More People
$15,000 – Damage to the Property of Others
In addition to Bodily Injury Liability (BIL) and Property Damage Liability (PDL) coverages, every motorist is required to carry Uninsured (UM) and Underinsured motorist coverage (UIM). The limits these types of coverage are:
$100,000 – Bodily Injury or Death of One Person
$300,000 – Bodily Injury or Death of Two or More People
What are all these coverages for?
Bodily Injury Liability doesn’t not protect you or your passengers. If you case a car accident, BIL provides cover for other people you many have injured. Explained briefly, it protects you against their claims for medical expenses, loss of earnings, pain & suffering or other losses. BIL will usually cover members of your household who cause an accident or even someone who was driving your car with permission. Once again, your own injuries and losses will not be covered under BIL.
If you damage other individuals property, the expenses will be covered by PDL. Obviously, the cover is limited to the amount stated in your policy. It is worth mentioning that items such as lamp posts and traffic lights, which are owned by the Government, are also cover under PDL. Similarly to Bil, Property damage liability is only intended to cover other people’s losses not your own.
If you are involved in a car accident in Wisconsin and you are not at fault, it is important to have uninsured and undersinsured coverage. Statistics illustrate that more individuals than ever are driving without having insurance in Wisconsin. Knowing that you are protected against other peoples irresponsibility, will make you feel more secure. It is barely worth it paying out a lot of money for medical expenses and then suing an uninsured or underinsured driver.
How to find cheap auto insurance in Wisconsin?
With the new laws, many americans will undoubtedly notice a rise in their car insurance payments. It is only natural for auto insurance in Wisconsin to go up if higher limits and additional cover are required. In order to find the best quote, you will undoubtedly have to shop around and look harder for the best deals. Make sure your car has all the safety characteristics which insurance companies are looking for. Taking a defence driving class is a great idea for high risk drivers in Wisconsin who want to reduce their auto insurance rates. You need to get auto insurance quotes from different companies. It is highly recommended to obtain at least 3 quotes from different companies. The difference in cost can be often unbelievable.
For more information and free insurance quotes from multiple insurance companies please visit Wisconsin auto insurance, or if you are a high risk driver – sr22 insurance.
