Auto Insurance in Wisconsin: Everything You Need to Know

Auto insurance is a requirement for all Wisconsin drivers. With so many options available, it can be overwhelming to navigate the world of auto insurance. This article will cover everything you need to know about auto insurance in Wisconsin.

Minimum Liability Coverage in Wisconsin

Liability coverage is required in Wisconsin. This coverage pays for damages and injuries that you are responsible for in an accident. In Wisconsin, the minimum liability coverage is:

Minimum Liability Coverage	Required Amount
Bodily Injury Liability	$25,000 per person $50,000 per accident
Property Damage Liability	$10,000 per accident

If you cause an accident and the damages exceed your coverage limits, you could be sued for the remaining amount. It’s recommended that you consider purchasing higher liability limits to protect yourself financially.

What is Bodily Injury Liability?

Bodily injury liability covers the medical expenses and lost wages of the other party if you are found at fault for an accident. It can also cover legal fees if you are sued for the accident.

If you are found responsible for an accident and the other party is injured, the injured party can file a claim with your insurance company. This coverage will pay for their medical expenses, lost wages, and other related expenses up to your coverage limits.

What is Property Damage Liability?

Property damage liability covers the cost of repairing or replacing the other party’s property if you are found at fault for an accident. This can include their car, fence, or any other property that is damaged as a result of the accident.

Optional Coverage in Wisconsin

While liability coverage is required by law, Wisconsin drivers can also choose to purchase additional optional coverages to protect themselves financially. These coverages include:

Collision Coverage

Collision coverage pays for damages to your vehicle in the event of an accident, regardless of who is at fault. This coverage can be valuable if you have a newer car, as repairs can be expensive.

Comprehensive Coverage

Comprehensive coverage pays for damages to your vehicle that are not caused by an accident. This can include theft, vandalism, or damage caused by natural disasters.

Uninsured/Underinsured Motorist Coverage

Uninsured/Underinsured motorist coverage protects you if you are hit by a driver who does not have insurance or does not have enough coverage to pay for the damages. This coverage can also protect you if you are hit by a hit-and-run driver.

Factors that Affect Your Auto Insurance Rates

Many factors can affect your auto insurance rates in Wisconsin. These factors include:

Driving Record

Your driving record is one of the most significant factors that affect your auto insurance rates. If you have a history of accidents, speeding tickets, or other violations, your rates will be higher.

Age and Gender

Younger drivers generally have higher rates than older drivers. Male drivers also tend to have higher rates than female drivers.

Location

Where you live can affect your rates. If you live in an area with high crime rates or high accident rates, your rates will be higher.

Type of Car

The type of car you drive can also affect your auto insurance rates. Cars that are more expensive to repair or replace, or cars that are more likely to be stolen, will have higher rates.

Frequently Asked Questions

Do I Need Auto Insurance in Wisconsin?

Yes, auto insurance is a requirement for all Wisconsin drivers. You must have at least the minimum liability coverage to legally drive in Wisconsin.

How Much Auto Insurance Should I Have?

It’s recommended that you consider purchasing higher liability limits than the minimum required by law. You should also consider purchasing additional optional coverages to protect yourself financially.

How Can I Save Money on Auto Insurance?

You can save money on auto insurance by comparing rates from multiple insurance companies, raising your deductible, and taking advantage of discounts offered by your insurance company.

What Should I Do if I’m in a Car Accident?

If you are in a car accident, you should remain at the scene and call the police. Exchange insurance information with the other driver and take pictures of the damage if possible. Contact your insurance company as soon as possible to report the accident.

What Happens if I’m in an Accident and I’m Not Insured?

If you are in an accident and you do not have insurance, you could be sued for the damages. You could also face legal consequences, such as having your license suspended or being fined.

Can I Drive without Insurance in Wisconsin?

No, it is illegal to drive without insurance in Wisconsin. If you are caught driving without insurance, you could face legal consequences.

Conclusion

Auto insurance is a requirement for all Wisconsin drivers. It’s important to understand your coverage options and purchase the right amount of coverage to protect yourself financially. By comparing rates from multiple insurance companies, you can find the right coverage at a price that fits your budget.