Wisconsin Automobile Insurance

Wisconsin automobile insurance was made mandatory on June 1, 2010 and if a person decides not to carry insurance on their vehicle, they may cover their vehicle with other assurances that include personal funds, a security bond, or become self-insured. For those who purchase liability, they must have at least $50,000 for the injury or death of a single person, $100,000 for the injury or death of multiple people, and $15,000 in property damage. [1]

Wisconsin state law also requires that motorists carry uninsured and underinsured motorist coverage with bodily injury amounts of no less than $100,000 and $300,000. [1] This is to protect you in case you are involved in an accident with an uninsured or underinsured motorist.

There are other instances in which Wisconsin automobile insurance may be required. One very common instance is when you finance a car. It is not that the state requires you to have coverage, but it is the lender's choice. The lender is the one concerned with the car being protected because it belongs to them until the car is paid off. Full coverage is also required because the actual car is protected in addition to bodily injury coverage that protects you. The insurance company, however, wants to ensure that damages can be recovered on the car, mainly in hopes that the car will be repaired.

What is Uninsured Motorist Coverage?

Uninsured motorist coverage is useful in that it provides you with the protection that you need in case you are in an accident with an uninsured or underinsured motorist.

Although it is Wisconsin state law that an individual's automobile is insured, there are those individuals who are still driving without it. If caught by a law enforcement officer, there would be consequences. When they are involved in an accident that is their fault, there are consequences as well. You can hold them liable for the damages and they may need to satisfy bodily injuries that they inflict upon you by selling their own assets. However, not every uninsured or underinsured motorist has the assets to sell to satisfy the liability.

It is important to note that liability does not cover damage to your automobile, which is why the state requirement is for bodily injury coverage alone. At least if you are injured in an automobile accident and the fault lies on a person with little or no insurance, you have protection to pay for your medical expenses.

If you find that you want to protect your vehicle, you may want collision coverage as a part of your Wisconsin automobile insurance. Collision pays for the damage that is done to your vehicle by someone else. You can take advantage of the collision coverage on your Wisconsin insurance policy even if the accident was your fault. That way you can have your car restored so that you can drive it once again. Accidents do happen in Wisconsin, so you should be able to protect yourself from them.

When you add collision to your Wisconsin automobile insurance, you will have to choose a deductible. Your insurance agency in Wisconsin will ask you what kind of deductible you will pay to repair your automobile. The higher the deductible, the lower the premium. You just have to make sure that the deductible is one that you can afford to pay if you have to, otherwise the policy won't help you.

Comprehensive Coverage

You can add comprehensive coverage to your Wisconsin automobile insurance. This is coverage that takes care of automobile damages that are the result of hitting an animal, water, vandalism, hail, and other acts of nature. Even falling objects are covered. Comprehensive coverage also covers theft.

If you add collision and comprehensive to your policy, then you have a full coverage policy. When you are insuring your vehicle, yourself, and ensuring that you have enough Wisconsin automobile insurance to cover the automobile and bodily injury of another party if you are at fault in an accident, you are covering all of your bases.

Full coverage insurance in Wisconsin can be affordable. A Wisconsin automobile insurance quote is what is going to determine that fact and find the best rate on a policy that fits your specific situation.

There are many things that you can add-on to your Wisconsin automobile insurance that will make your policy fit your needs better. If you would need a rental car in case you were in an accident, you can add a rental car. You simply need to evaluate your options to see what will suit you the best.

Basically a Wisconsin automobile insurance policy keeps you within compliance with the law, protects you, gives you the flexibility you need to customize your own policy, and provides you with an affordable way to give yourself the peace of mind that you need.

[1] http://oci.wi.gov/faq/auto.htm#finresp Retrieved 06/07/10.

wisconsin Automobile Insurance


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