Wisconsin Insurance Plan: A Comprehensive Guide

Wisconsin is a state that mandates every driver to have auto insurance coverage in order to legally operate vehicles. Although insurance requirements are standard, every state has unique regulations that motorists need to understand. In this article, we’ll explore the Wisconsin insurance plan in detail, including its requirements, coverage options, and frequently asked questions.

Requirements for Wisconsin Auto Insurance

In Wisconsin, the minimum liability insurance coverage requirements for drivers are:

Drivers are also required to carry uninsured motorist coverage with the following minimums:

Although the above coverage is required, drivers have the option to purchase additional coverage to safeguard themselves in case of an accident.

Let’s explore some of the coverage options available for motorists in Wisconsin.

Wisconsin Auto Insurance Coverage Options

Collision Coverage

Collision coverage is optional coverage that pays for damages to your car if you get into an accident with another car, object, or if it overturns.

Collision coverage is typically chosen by people who have a new car or those who have a loan or lease on their vehicle.

Comprehensive Coverage

Comprehensive coverage is optional coverage that pays for damages to your car that aren’t the result of an accident, such as weather damage, theft, or vandalism.

Comprehensive coverage is often recommended for people who have a newer car or who live in areas with high rates of theft or vandalism.

Personal Injury Protection (PIP)

Personal injury protection is optional coverage that pays for medical expenses for you and your passengers in case of an accident, regardless of who is at fault.

This coverage also typically covers lost wages and other related expenses.

Underinsured/Uninsured Motorist Coverage

Underinsured and uninsured motorist coverage is optional coverage that protects you if you’re involved in an accident with a driver who doesn’t carry enough insurance coverage or no insurance coverage at all.

This type of coverage pays for medical expenses, lost wages, and other related expenses that are caused by the other driver.

FAQ about Wisconsin Insurance Plan

1. Is it possible to have comprehensive coverage without collision coverage?

Yes, it is possible to have comprehensive insurance without collision insurance. However, most insurers offer comprehensive and collision as a package deal.

2. Can I cancel my insurance policy at any time?

Yes, you can cancel your insurance policy at any time. However, make sure to do so before you purchase a new policy to avoid a coverage gap.

3. Are there penalties for driving without insurance in Wisconsin?

Yes, there are penalties for driving without insurance in Wisconsin. Penalties can range from a fine to license suspension or revocation.

4. Do I need to carry proof of insurance in my car in Wisconsin?

Yes, you must carry proof of insurance with you at all times while driving in Wisconsin. You can show proof of insurance via an electronic device or by carrying a physical copy.

5. Can I insure multiple cars under one policy in Wisconsin?

Yes, you can insure multiple cars under one policy in Wisconsin. This is often referred to as a multi-car policy.

Conclusion

Navigating the world of auto insurance can be difficult, but with the proper knowledge and understanding of the Wisconsin insurance plan, you can make informed decisions about your coverage. Remember to always stay up to date with insurance requirements and to choose the coverage options that best fit your needs.