Wisconsin Auto Insurance: Everything You Need to Know

Auto insurance is an essential requirement for every car owner in Wisconsin. It provides financial protection in case of an accident or theft, and it is mandatory by law. However, navigating the world of auto insurance can be overwhelming for anyone, especially if you are a first-time car owner or driver. In this article, we will take a closer look at Wisconsin auto insurance and everything you need to know to get the best coverage.

What is Wisconsin Auto Insurance?

Auto insurance is a type of policy that covers the financial costs of accidents, theft, or other damages to your vehicle. In Wisconsin, auto insurance is mandatory, and you must have at least the minimum coverage to drive legally. The three types of coverage that are required by law are:

It is important to note that these are only the minimum requirements, and you can choose to purchase additional coverage for extra protection.

What Does Auto Insurance Cover in Wisconsin?

Auto insurance coverage can vary from one policy to another, but generally, it can cover:

• Property damage liability
• Bodily injury liability
• Collision coverage
• Comprehensive coverage
• Personal injury protection
• Uninsured/Underinsured motorist coverage

Let’s take a closer look at each of these coverages:

Property Damage Liability

Property damage liability coverage pays for damages to someone else’s property if you cause an accident. This can include damage to other vehicles, buildings, or other structures.

Bodily Injury Liability

Bodily injury liability coverage pays for medical expenses and other costs associated with injuries to other people in an accident that you caused. This can include hospital bills, rehabilitation, and lost wages.

Collision Coverage

Collision coverage pays for damages to your vehicle if you are involved in an accident, regardless of who is at fault. This coverage is often required if you are financing or leasing your vehicle.

Comprehensive Coverage

Comprehensive coverage pays for damages to your vehicle that are not caused by an accident, such as theft, fire, or natural disasters.

Personal Injury Protection

Personal injury protection (PIP) coverage pays for medical expenses and lost wages for you and your passengers if you are injured in an accident, regardless of who is at fault.

Uninsured/Underinsured Motorist Coverage

Uninsured/Underinsured motorist coverage pays for damages if you are involved in an accident with someone who is not insured or does not have enough insurance to cover the damages.

How Much Does Auto Insurance Cost in Wisconsin?

The cost of auto insurance in Wisconsin can vary depending on several factors, such as your age, driving record, the type of car you drive, and the coverage you choose. However, the average cost of auto insurance in Wisconsin is around $1,200 per year, which is lower than the national average.

If you are looking for ways to save money on your auto insurance, consider:

• Choosing a higher deductible
• Bundling your auto insurance with other policies, such as home insurance
• Installing safety features in your car, such as anti-theft devices
• Shopping around and comparing rates from different insurance companies

FAQ

What Happens if I Drive Without Auto Insurance in Wisconsin?

If you are caught driving without auto insurance in Wisconsin, you can face fines, suspension of your driver’s license, and even imprisonment. Additionally, if you cause an accident, you can be held personally responsible for all damages and injuries, which can be financially devastating.

Can I Insure a Car I Don’t Own in Wisconsin?

Yes, you can insure a car that you do not own in Wisconsin, but you must have the owner’s permission and provide proof of insurance to the state. If you are financing or leasing the car, you may also be required to purchase collision and comprehensive coverage.

What Happens if I Have an Accident with an Uninsured Driver in Wisconsin?

If you have uninsured motorist coverage in Wisconsin, your insurance company will pay for damages and injuries up to the limit of your policy. However, if you do not have uninsured motorist coverage, you may be responsible for paying for your own damages and injuries.

Can I Cancel My Auto Insurance Policy at Any Time in Wisconsin?

You can cancel your auto insurance policy at any time in Wisconsin, but you may be subject to fees or penalties if you cancel before the end of your policy term. Additionally, if you cancel your policy before finding a new one, you may be driving without insurance, which is illegal and can be costly.

Do I Need Auto Insurance if I Don’t Own a Car in Wisconsin?

Unless you have a valid reason, such as a medical condition, you do not need auto insurance if you do not own a car in Wisconsin. However, if you frequently drive cars that belong to other people or rent cars, it is recommended that you purchase non-owner auto insurance to protect yourself in case of an accident.

Conclusion

Auto insurance is an important investment for anyone who owns or drives a car in Wisconsin. It provides financial protection in case of accidents or other damages, and it is required by law. By understanding the different types of coverage and the minimum requirements, you can make an informed decision and get the best coverage for your needs and budget. Remember to shop around, compare rates, and always drive safely to avoid accidents and insurance claims.