In 2016, Wisconsin was, on average, the third least expensive state in which to buy car insurance. Wisconsin residents who purchase auto insurance enjoy lower premiums than vehicle owners in other states. Below is a summary of helpful info regarding rates and coverage for Wisconsin car insurance. This information will help Wisconsin drivers customize an affordable auto insurance package.
Wisconsin Minimum Liability Coverage
In compliance with Wisconsin laws, all drivers must prove the ability to pay for damages if found to be at fault in an accident. Drivers are offered a choice of either purchasing liability insurance or placing a cash deposit of $60,000 with the Wisconsin Department of Transportation. This is a sneaky way of getting all drivers to buy auto insurance, even though the state doesn’t demand it.
In Wisconsin, the state-mandated minimum coverage requirement is 25/50/10 per vehicle. This means that a driver must purchase no less than $25,000 in coverage for personal injury protection (PIP), $50,000 in coverage against total injury per accident, and $10,000 in coverage against property damage. Also recommended is UMI coverage, which protects a driver against other drivers who are uninsured or leave the scene of an accident.
Penalties for Driving Without Insurance in Wisconsin
Drivers of uninsured vehicles in the state of Wisconsin face fines of up to five thousand dollars and a suspended license if an accident occurs. The license is revoked, and the driver must then show proof of insurance when reinstating their driver’s license. According to Top50States.com, the state of Wisconsin has a relatively low percentage of uninsured vehicles on the road.
Auto Insurance Rates in Wisconsin
The average annual car insurance premium for drivers in Wisconsin was $912 in 2016. Compare this to the overall national average of $1,347. Wisconsin had the third lowest average annual car insurance premiums of all U.S. States in 2016. This is partly because Wisconsin follows a “tort” system, which is the opposite of a no-fault system. So, benefits are paid only by the insurance company covering the driver who is at fault. Premiums tend to run lower in tort states than in no-fault states. Another plausible reason is Wisconsin’s relatively low population density.
Low Cost Car Insurance Programs in Wisconsin
There are many auto insurance companies at your disposal, but Erie Car Insurance is a regional favorite, known to offer safe driver discounts, senior citizen discounts, good student discounts, vehicle safety discounts, anti theft device discounts, multi auto discounts, multi policy discounts and more. Most car insurance carriers offer these discounts. You can lower your premiums by asking about and applying for every possible auto insurance discount.
Obtaining Auto Insurance Quotes in Wisconsin
Some Wisconsin drivers opt for Erie Insurance, American Family Insurance, Indianhead Insurance and Wisconsin Mutual. Others prefer big-names like Allstate, Geico, Met Life, Travelers, Farmers, Nationwide, Progressive, State Farm and Liberty Mutual. Either way, call many companies to comparison shop. Remember to ask about their discounts. Compare numerous free online quotes. Then simply select the least expensive premium package available to you.