If you own a vehicle in the state of Wisconsin, auto insurance is a must! To satisfy the state’s Financial Responsibility Act, anyone wishing to register a vehicle in the state must first carry minimum amounts of liability insurance at all times. Along with Bodily injury, and property damage coverage, uninsured/under-insured motorist is also required.
Bodily injury coverage must include a minimum of $50,000 to cover injuries to one person in an auto accident, with a maximum of $100,000 for 2 or more injured in an accident. These amounts are quiet low, considering it is recommended motorist have at least $100,000 of bodily injury protection.
Property damage coverage must include $15,000 worth of insurance. This is the maximum amount the insurance company will pay for property damages caused by an auto accident. Uninsured motorists coverage must include a minimum of $100,000, maximum of $300,000. This type of coverage protects you in the event of an auto accident with a person without the proper insurance, or who does not have enough coverage to cover the entire amount of damages.
Collision and comprehensive coverage are 2 additional types of coverage not required by the state, but recommended by most auto insurance agencies. Collision coverage protects your vehicle in an accident. Most people are unaware that basic coverage does not include coverage for repairs of their own vehicles; an auto accident can leave you with thousands of dollars in auto repairs without collision coverage, Comprehensive coverage is similar to collision,however, this coverage protects you in the event of a natural disaster. Natural disasters include various things such as tornadoes, hurricane, theft, fire, flood, or vandalism.
No matter which type of coverage you desire, it is always in your best interest to compare rates of several different auto insurance agencies. Doing so will ensure you are receiving the best possible coverage at affordable rates. It is recommended that atleast 3 quotes be obtained. Quotes can be easily obtained online with a site such as www.dmv.org/Wisconsin. After you supply general information about yourself and auto insurance needs, you will have up to 5 quotes in a matter of minutes.
Many different things can affect your premiums, including age,type of vehicle being insured, credit score, and driving record. Most auto insurance companies offer all sorts of discounts, so do not be afraid to ask for them! It is the best way to get the best value for your auto insurance!