Many drivers in Wisconsin may not be informed, but new car insurance laws are in effect from June 2010. Failling to fully understand the new laws and regulations may prove to be costly. If you do not comply, unintentionally or not, you will probably face penalty charges and may even lose your driving license. The following article will give you all the basic information and facts about car insurance in Wisconsin so read it carefully.
Minimum limits for car insurance in Wisconsin
According to the new legal requirements, the minimum limits for motorists in Wisconsin are:
$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.
Uninsured (UM) and Underinsurande motorist coverage (UIM) are required in addition to the Bodyli Injury (BIL) and Property Damage Liability(PDL). 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?
You and people travelling in your car are not covered by BIL. It is a coverage for other people involved in a car accident you have caused. Explained briefly, it protects you against their claims for medical bills, loss of earnings, pain & suffering or other losses. If a member of your household, or someone else who drives your car with permission, causes an accident - bodily injury cover will usually protect them too. It is worth saying again that it will not provide cover for your own injuries.
If you damage other peoples property, the expenses will be covered by PDL. Obviously, the cover is limited to the amount specified in your policy. Government property is also covered. Similarly to Bil, Pdl is only intended to cover other individuals' 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. This kind of coverage is very useful because they are more people driving without having insurance in Wisconsin than you may believe. You will undoubtedly feel much more secure knowing that you are protected. Paying large amount of money for medical and other expenses, and then suing the at fault driver, can be very nerve-racking indeed.
Low-cost auto insurance in Wisconsin
With the new laws, many americans will undoubtedly notice a rise in their car insurance rates. It is only natural for car insurance in Wisconsin to go up if higher limits and additional cover are required. In order to get the right quote, you will definitely have to shop around and look harder for the best deals. Remember that cheap car insurance seems good, but having sufficient coverage is every bit as important. If you are a high risk driver, think about taking a defence driving class - you will be surprised how much it will reduce your premiums by. You need to obtain car insurance quotes from different companies. Insurance professional recommend obtaining at least three different quotes. You may be surprised by the difference since insurers use different formulas to calculate premiums.
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.
