Auto Insurance Requirements in Wisconsin
Reader’s Question:
Just move to Appleton, Wisconsin and I am hoping someone can give me a smart guide to auto insurance requirements here.
Amy
Appleton, WI
Wisconsin might have very different requirements from where you came from and I can give you just some basics.
Although I strongly recommend that you get complete information concerning auto insurance in Wisconsin residents by calling the Wisconsin Commissioner of Insurance located in Madison.
I know that all Wisconsin residents are required to carry uninsured motorist insurance. This auto insurance will provide recompense for drivers who are involved in an accident for which a driver who does not possess liability insurance is responsible. Without this coverage you would have no other option but to pay for their medical expenses and repair bills yourself and it is a given that they will always attempt to recoup losses from you.
Although, liability auto insurance is not required in Wisconsin, it is strongly suggested that all drivers purchase liability insurance. The prospect of being held financially liable for the gigantic expense of medical and repair bills resulting from an accident in Wisconsin can be a daunting one. Minimum level of liability available in WI is 25/50/10.
This means liabilities are twenty five thousand dollars for injuries suffered by a single driver, fifty thousand dollars for the combined medical expenses of all of the occupants of the vehicle and ten thousand dollars for all property damages, including damage to the vehicle of the victim.
Liability Insurance Coverage Requirement in Wisconsin
Reader’s Question:
Is it required for the motorist to have a liability insurance coverage? I live in Wisconsin.
Rain
Thank you for asking Rain.
Wisconsin has a financial responsibility law that pertains to any licensed drivers to operate a vehicle in Wisconsin. This law is intended to make sure all drivers operating a motor vehicle has car insurance or enough money to pay for damages to others that may have been caused by a motor vehicle accident. By acquiring an automobile liability insurance policy, a surety bond, personal funds or a certificate of self-insurance, these requirements may be met.
If the driver decides to satisfy the financial responsibility law requirements by purchasing car insurance there are certain minimum liability limits that must be bought. These limits include: $25,000 for injury or death of one person; $50,000 for injury or death of two or more people; and $10,000 for property damage. The law also requires uninsured motorist coverage of $25,000/$$50,000 for bodily injury liability coverage only.
Goodluck!
MariCAR
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