Wisconsin Auto Insurance
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Wisconsin Auto Insurance Requirements
When a motorist opts to satisfy this requirement with auto insurance, two types of coverage are required in Wisconsin. One is Liability coverage and the other is Uninsured Motorist coverage. Anything else a motorist adds to a policy is strictly optional. Let’s take a closer look at Wisconsin’s auto insurance requirements.
The purpose of Liability insurance is to pay for damages to people and property that have been caused by unsafe operation of a motor vehicle. There are two different types of liability coverage; one is Bodily Injury liability (BI) and the other is Property Damage liability (PD). Minimum liability coverage limits in Wisconsin are 25/50/10.
If you are found “at-fault”
If you’re in an accident and found “at-fault” your insurer will pay up to $25,000 towards the bodily injury, pain and suffering, lost wages, or funeral expenses of one person, or up to $50,000 of the combined expenses when two or more individuals are involved, per accident. The insurer will also pay up to $10,000 towards the cost to repair or replace property damaged in an accident you caused. Property includes the other person’s vehicle, buildings, utility poles, signs, fences, etc.
Wisconsin requires drivers to have Uninsured Motorist (UM) coverage.
To protect against accidents involving hit and run drivers and drivers operating motor vehicles without auto insurance, Wisconsin also requires licensed motorists to have Uninsured Motorist (UM) coverage. The minimum UM bodily injury liability limits in Wisconsin are 25/50 or $25,000 per person/ $50,000 per accident.
Optional auto insurance coverage worth a look
There are several other types of optional auto insurance coverage worth considering. Among them are Collision and Comprehensive which pays your vehicle’s repair costs when it’s involved in a collision, or is damaged for reasons other than collision including theft, adverse weather, and vandalism.
This coverage requires a deductible that you’ll have to satisfy first. Also the insurer only pays repair costs provided they don’t exceed the vehicle’s actual cash value. If they do, the vehicle will be totaled and the insurer will issue a check equal to the vehicle’s actual cash value instead.
Wisconsin, Office of the Commissioner of Insurance
For more information visit the State of Wisconsin, Office of the Commissioner of Insurance website at http://oci.wi.gov/ or contact the Office directly at 800-236-8517.