New Car Insurance Requirements In Wisconsin - June 2010
There are new car insurance laws in Wisconsin since June 2010
. Failling to comprehend the new laws may cost you dearly. If you don't comply, unintentionally or not, you will face penalty charges and may even lose your drivers license. Go through the following article related to Wisconsin car insurance extremely carefully and avoid avoidable headaches.Minimum limits for car insurance in Wisconsin
According to the new legal requirements, the minimum limits for motorists in Wisconsin 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). The limits these types of coverage are:
$100,000 - Bodily Injury or Death of One Person
$300,000 - Bodily Injury or Death of Two or More People
Auto insurance coverages explained.
BIL doesn't not protect you or your passengers. If you case an accident, BIL provides cover for other people you many have harmed. Medical bills, loss of income, pain and suffering, are some of the reasons people may make claims against you and that's precisely why you need BIL. BIL will generally cover members of your household who cause an accident or even someone who was driving your car with permission. Once again, your own injuries and losses will not be protected under BIL.
Property Damage Liability provides protection for other people's property which you may have damaged in an accident. Of course, the cover is limited to the amount stated in your 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.
Uninsured motorists and Underinsured motorists coverages give proper protection to you and the passengers in your vehicle in an event of an accident, if the other driver doesn't have enough or any car insurance. This kind of coverage is very useful because they are more people driving without having insurance in Wisconsin than you may imagine. Knowing that you are protected against other drivers irresponsibility, will make you feel more secure. It is hardly worth it paying out a lot of money for medical bills and then having to sue an uninsured or underinsured driver.
Cheap auto insurance in Wisconsin
There is no question that a lot of people in will see a rise in auto insurance rates. The higher liability limits and the additional cover will make car insurance in Wisconsin more expensive. That's why it is extremely important to shop around in order to find the best quote for you. Make sure your vehicle has all the safety features which insurance companies are looking for. Taking a defence driving class is a good idea for high risk drivers in Wisconsin who want to reduce their auto insurance payments. Obtaining quotes from different insurers is one of the keys. Insurance professional recommend obtaining at least three different quotes. The difference in cost can be often incredible.
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