There are new car insurance requirements in Wisconsin since June 2010. It is of paramount importantce to comprehend the new laws. If you don't comply, unintentionally or not, you will probably face penalty charges and may even lose your drivers license. Read the following article related to Wisconsin car insurance extremely carefully and avoid unnecessary headaches.
Minimum limits for car insurance in Wisconsin
The minimum car insurance limits, according to the new Wisconsin law, 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.
In addition to Bodily Injury Liability (BIL) and Property Damage Liability (PDL) coverages, every driver is required to hold 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
Auto insurance coverages explained.
BIL doesn't not protect you or your passengers. If you case a car accident, BIL provides cover for other individuals you many have injured. Medical charges, loss of income, pain and suffering, are some of the reasons people may make claims against you and that's exactly why you need BIL. 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 repeating that it will not provide cover for your own injuries.
PDL provides protection for other people's property which you may have damaged in an accident. Obviously, the cover is limited to the amount stated in your insurance 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 passengers in your car in an event of an accident, in the event that the other motorist doesn't have sufficient or any auto insurance. Statistics show that more individuals than ever are driving without insurance in Wisconsin. You will definitely feel much more secure knowing you are protected. 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?
There is no question that a lot of people in will see a rise in auto insurance premiums. It is only normal 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. Make sure your car has all the safety features which insurance companies are looking for. If you are a high risk motorist, think about taking a defence driving course - you will be amazed how much it will reduce your rates by. Getting quotes from different companies is the key. Insurance professional suggest obtaining at least 3 different quotes. You may be amazed by the difference since insurers use different formulas to calculate premiums.
Minimum limits for car insurance in Wisconsin
The minimum car insurance limits, according to the new Wisconsin law, 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.
In addition to Bodily Injury Liability (BIL) and Property Damage Liability (PDL) coverages, every driver is required to hold 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
Auto insurance coverages explained.
BIL doesn't not protect you or your passengers. If you case a car accident, BIL provides cover for other individuals you many have injured. Medical charges, loss of income, pain and suffering, are some of the reasons people may make claims against you and that's exactly why you need BIL. 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 repeating that it will not provide cover for your own injuries.
PDL provides protection for other people's property which you may have damaged in an accident. Obviously, the cover is limited to the amount stated in your insurance 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 passengers in your car in an event of an accident, in the event that the other motorist doesn't have sufficient or any auto insurance. Statistics show that more individuals than ever are driving without insurance in Wisconsin. You will definitely feel much more secure knowing you are protected. 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?
There is no question that a lot of people in will see a rise in auto insurance premiums. It is only normal 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. Make sure your car has all the safety features which insurance companies are looking for. If you are a high risk motorist, think about taking a defence driving course - you will be amazed how much it will reduce your rates by. Getting quotes from different companies is the key. Insurance professional suggest obtaining at least 3 different quotes. You may be amazed by the difference since insurers use different formulas to calculate premiums.
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