Wisconsin insurance law requires you to have the means of covering costs associated with damages and injuries caused by your involvement in a car accident. To meet these costs for such scenarios, you need to be covered by car insurance.
Wisconsin Car Insurance Requirements
The following coverage types are essential in making you to fulfill Wisconsin’s car insurance laws:
- Uninsured motorist
- Liability Insurance
- Underinsured motorist.
The liability car insurance helps you pay for damages to property or injuries following an accident that you caused. The Wisconsin law requires each accident to be covered by the following minimum liability coverage per accident:
- $50,000 total for death or injury to multiple people in a single accident
- $25,000 for injury or death, per person
- $10,000 for property damage.
Uninsured & Underinsured Motorist
In the event of a car accident caused by uninsured driver, your uninsured motorist coverage will help you cover for the injuries to you and your passenger. The same will also apply to the driver whose car insurance is underinsured. In Wisconsin, you are required to have a car insurance policy that meets the following minimum coverage requirements per accident for underinsured and uninsured coverage:
- $300,000 for total injuries per accident
- $100,000 for injuries per person.
To protect you more financially after an accident, you are required to add several different types of car insurance coverage to your policy. You need to consider the following common optional coverage types when shopping for car insurance:
- Collision – Helps you pay for damages caused by your car accident related to traffic
- Comprehensive – Helps pay for damages caused by your car’s accident following non-traffic factors such as fire, collisions with animals and theft
- Medical payments – Helps cover your medical costs due to injuries following your car accident
- Rental reimbursement
- Towing and labor.
Proof of Insurance
Though it’s mandatory in Wisconsin to have car insurance, you need not to provide proof of having insurance when applying for your Wisconsin driver’s license or registering your car. However, you must be able to show proof of insurance if:
- You’re pulled over by a police officer for a traffic stop
- You’re involved in a car accident.
Your insurance ID card is the most common form of proof of insurance; it’s issued to you by your car insurance carrier.
You are required to file proof of financial responsibility with the DMV when you’re in some circumstances. An SR-22 certificate (commonly known as “SR22 insurance”) requires you to hold the required minimum liability coverage for a certain specific amount of time. The following are the Common situations in which SR-22 certificates are required:
- Suspension or Revocation of your driver’s license
- Conviction of a DUI offense
- Obtaining commercial or an occupational driver’s license
- Revocation of your car registration privileges.
Car Insurance Violations
You’ll be fined a fee of $500 if caught driving without car insurance. But if you were unable to provide proof of having insurance during a traffic stop, though you were insured at the time, then your fine is just $10.
Wisconsin Automobile Insurance Plan
Though it’s your right in Wisconsin to be offered insurance, auto insurers have also got the right to refuse you for coverage if they consider you a high-risk driver. If you fail to find an insurer in the open market, you may apply for insurance through the Wisconsin Automobile Insurance Plan (WAIP).
If you’re having any insurance related matters, you’re required to contact the Wisconsin Office of the Commissioner of Insurance (OCI), a service to the public. In cases where you’ve failed to settle a car insurance dispute with your car insurance carrier, you are required to file a complaint with the office of the OCI. If you have such complaints, the office of the OCI can be reached through the following channels:
- Via the official OCI website
- By mailing or faxing your completed Complaint Form (Form OCI 51-005) to this address: Office of the Commissioner of Insurance P.O. Box 7873 Madison, WI 53707 Fax: (608) 264-8115
Car Insurance Rates
In Wisconsin, Several factors help insurance companies determine specific car insurance rates. In comparing car insurance quotes, you need to keep in mind that the following factors will be followed in determining your premium:
- Your car’s credit history, Make, Model and Year
- The primary location where your car is kept
- Your driving record
- Your insurance history.
Car Insurance Discounts
Taking advantage of Discounts is the greatest way of saving money on car insurance. The following are the common discounts offered by most of Wisconsin car insurance companies:
- Multi-car discount
- Homeowner’s discount
- Good driver discount
- Good student discount.
Remember to ask about any discounts for which you could be eligible when shopping around for the lowest car insurance rates. Having a good driving record is the easiest way of getting a cheap quote and it must show a safe driving history free of violation.
Most Stolen Cars in Wisconsin
Cars with high-risk of theft are bound to attract higher rates for car insurance. The following are the most stolen cars in the state of Wisconsin in 2013 as provided in www.nicb.org:
- Jeep Cherokee/Grand Cherokee
- Dodge Caravan
- Honda Civic
- Toyota Camry
- Dodge Intrepid
- Chevrolet Impala
- Honda Accord
- Chrysler Town & Country
- Chevrolet Pickup (Full Size)
- Dodge Stratus.