As of June, 2010, car insurance requirements for drivers in Wisconsin have changed. Failling to fully understand the new laws may cost you dearly. You may face charges or even lose your driving license, if you don’t comply. The following article will give you all the essential information and facts about car insurance in Wisconsin so read it carefully.
Auto Insurance In Wisconsin – Minimum Limits
According to the new legal requirements, the minimum limits for drivers in Wisconsin 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
Uninsured (UM) and Underinsurande motorist coverage (UIM) are required in addition to the Bodyli Injury (BIL) and Property Damage Liability(PDL). For these types of cover the minimum limits are:
$100,000 – Bodily Injury or Death of One Person
$300,000 – Bodily Injury or Death of Two or More People
Auto insurance coverages explained.
Bodily Injury Liability doesn’t not protect you or your passengers. If you case an accident, BIL provides cover for other individuals you many have injured. Explained briefly, it protects you against their claims for medical bills, loss of earnings, pain & suffering or other losses. BIL will generally cover members of your household who are at fault in an accident or even someone who was driving your car with permission. Once again, your own accidental injuries and losses will not be protected under BIL.
If you damage other peoples property or home, the costs will be covered by PDL. Needless to say, the cover is limited to the amount specified 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. Just like Bil, Property damage liability will not protect your car or your property if its damaged.
Uninsured motorists and Underinsured motorists coverages provide proper protection to you and the people in your car in an event of an accident, in the event that the other motorist doesn’t have sufficient or any car insurance. Statistics clearly show that more individuals than ever are driving without 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 great deal of money for medical bills and then suing an uninsured or underinsured driver.
How to find cheap auto insurance in Wisconsin?
With the new laws, many people will definitely notice a rise in their car insurance payments. It is only natural for car insurance in Wisconsin to go up if higher limits and additional cover are required. That’s why it is even more important to shop around in order to find the best quote for you. Remember that cheap car insurance sounds good, but having sufficient coverage is every bit as important. If you are a high risk motorist, think about taking a defence driving course – you will be surprised how much it will reduce your premiums by. You need to obtain car insurance quotes from different insurers. Insurance expert recommend getting at least three different insurance 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.
