There are new car insurance laws in Wisconsin since June 2010. Understanding the new regulations is of great importance. Not complying, regardless if it is unintentionally, will mean that you will certainly face penalty charges and will be fined. The following article will give you all the basic information and facts regarding auto insurance in Wisconsin so read it carefully.

Minimum limits for car insurance in Wisconsin

The minimum car insurance limits, according to the new Wisconsin law, are::

$50,000 for injury or death of one person;
$100,000 for injury or death of two or more people; and
$15,000 for property damage.

Uninsured (UM) and Underinsurande motorist coverage (UIM) are required in addition to the Bodyli Injury (BIL) and Property Damage Liability(PDL). For these types of cover the minimum limits are:

$100,000 – Bodily Injury or Death of One Person
$300,000 – Bodily Injury or Death of Two or More People

What are all these coverages for?

BIL doesn’t not provide protection to you or your passengers. It is a coverage for other people involved in a car accident you have caused. Explained briefly, it helps to protect you against their claims for medical bills, loss of income, pain & suffering or other losses. BIL will generally cover members of your household who are at fault in a car accident or even someone who was driving your car with permission. Once again, your own accidental injuries and losses will not be covered under BIL.

If you damage other individuals property or home, the costs will be covered by PDL. Of course, the cover is limited to the amount specified in your insurance policy. It is worth mentioning that items such as lamp posts and traffic lights, which are owned by the Government, are also cover under PDL. Just like Bil, Property damage liability will not protect your car or your property if its damaged.

If you are involved in a car accident in Wisconsin and you are not at fault, it is vital to have uninsured and undersinsured coverage. This kind of insurance coverage is very useful because they are more individuals driving without insurance in Wisconsin than you may believe. Knowing that you are protected against other peoples irresponsibility, will make you feel more secure. It is hardly worth it paying out a lot of money for medical expenses and then having to sue an uninsured or underinsured driver.

Low-cost auto insurance in Wisconsin

There is no question that many men and women in will see a rise in car insurance premiums. The higher liability limits and the additional cover will make auto insurance in Wisconsin more expensive. That’s why it is extremely important to shop around in order to find the right quote for you. Remember that cheap auto insurance seems good, but having enough coverage is equally important. Taking a defence driving class is a good idea for high risk drivers in Wisconsin who want to reduce their auto insurance payments. You need to get car insurance quotes from different insurers. Insurance professional recommend getting at least three different insurance quotes. The difference in price can be often incredible.

For more information and free insurance quotes from multiple insurance companies please visit Wisconsin auto insurance, or if you are a high risk driver – sr22 insurance.