WI Auto Insurance: The Ultimate Guide

Auto insurance is an essential requirement for every driver in Wisconsin. It protects you from financial losses in case of an accident, theft, or any other damage to your vehicle. With so many options available in the market, finding the right auto insurance policy can be a daunting task for many. In this article, we will guide you through everything you need to know about WI auto insurance, including the types of coverage, requirements, and factors affecting your premium.

Types of Auto Insurance Coverage in Wisconsin

Auto insurance in Wisconsin includes various types of coverage, each designed to protect you from different risks.

Bodily Injury Liability Coverage

Bodily injury liability coverage is mandatory in Wisconsin. It covers the cost of medical bills and other damages if you cause an accident that injures someone else. The minimum required coverage for bodily injury liability is $25,000 per person and $50,000 per accident.

Property Damage Liability Coverage

Property damage liability coverage is also mandatory in Wisconsin. It covers the cost of damage to someone else’s property if you cause an accident. The minimum required coverage for property damage liability is $10,000 per accident.

Uninsured Motorist Coverage

Uninsured motorist coverage protects you if you get into an accident with a driver who doesn’t have insurance. It covers your medical bills, lost wages, and other damages. The minimum required coverage for uninsured motorist coverage is the same as bodily injury liability coverage.

Underinsured Motorist Coverage

Underinsured motorist coverage protects you if you get into an accident with a driver who has insurance but not enough to cover your damages. It covers the difference between the other driver’s policy limit and your actual damages. The minimum required coverage for underinsured motorist coverage is the same as bodily injury liability coverage.

Collision Coverage

Collision coverage covers the cost of damage to your vehicle in case of an accident, regardless of who is at fault. This coverage is optional, and the cost of the premium depends on the deductible you choose.

Comprehensive Coverage

Comprehensive coverage covers the cost of damages to your vehicle caused by non-collision incidents such as theft, vandalism, or natural disasters. This coverage is also optional and depends on the deductible you choose.

Requirements for Auto Insurance in Wisconsin

Wisconsin law requires every driver to carry insurance with minimum liability coverage. Failure to meet these requirements can lead to fines, suspension of your driver’s license, and even imprisonment. Therefore, it is crucial to carry the right insurance coverage to comply with Wisconsin’s law.

Minimum Liability Coverage

As mentioned earlier, Wisconsin drivers are required to carry minimum liability coverage of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $10,000 for property damage per accident.

Proof of Insurance

Wisconsin law requires drivers to carry proof of insurance with them at all times while driving. The most common form of proof of insurance is an insurance card provided by the insurer.

Penalties for Non-Compliance

If you fail to meet Wisconsin’s auto insurance requirements, you could face hefty fines and penalties. The penalties are as follows:

Offence	Penalty
Driving without insurance	Fine up to $500
Driving with insufficient insurance	Fine up to $500
Repeated offences within three years	Fine up to $1,000 and suspension of driver’s license

Factors that Affect Your Auto Insurance Premium in Wisconsin

The cost of your auto insurance premium depends on various factors, including:

Driving Record

Your driving record plays a significant role in determining your auto insurance premium. If you have a clean driving record, you are likely to receive a lower premium. However, if you have a history of accidents or traffic violations, your premium may be higher.

Type of Vehicle

The type of vehicle you drive can also affect your auto insurance premium. High-end vehicles are expensive to repair or replace, and therefore, the insurance premium is generally higher than for less expensive cars.

Credit Score

Auto insurance companies may also check your credit score to determine your insurance premium. People with good credit scores are often seen as less risky and may receive lower premiums.

Location

The location where you live can also affect your premium. If you live in an area with a high crime rate or a high risk of accidents, you may pay a higher premium than someone living in a low-risk area.

Frequently Asked Questions

What happens if I get into an accident with an uninsured driver?

If you get into an accident with an uninsured driver, your uninsured motorist coverage will cover your damages.

Do I need to purchase collision coverage?

Collision coverage is optional, but it is recommended if you own a new or expensive vehicle.

How can I save money on my auto insurance premium?

You can save money on your auto insurance premium by raising your deductible, maintaining a clean driving record, and combining your auto insurance policy with other types of insurance, such as homeowner’s insurance.

How often should I review my auto insurance policy?

You should review your auto insurance policy at least once a year to ensure you have adequate coverage and to check if you are eligible for any discounts.

What should I do if I get into an accident?

If you get into an accident, you should exchange insurance information with the other driver, take pictures of the damage, and contact your insurance company as soon as possible.

What if I can’t afford auto insurance?

If you cannot afford auto insurance, you may be eligible for Wisconsin’s low-income auto insurance program. Contact the Wisconsin Department of Insurance for more information.

Conclusion

Auto insurance is crucial for every driver in Wisconsin. It not only protects you from financial losses but also ensures that you comply with the state’s requirements. By understanding the types of coverage, requirements, and factors affecting your premium, you can make an informed decision when choosing an auto insurance policy that meets your needs and budget.