Hello out there! I plan on buying a used car here in Wisconsin. Is it okay if I just get the minimum auto insurance required? Do I still have to get the add-ons my auto insurance agent suggests that I buy, too?

Mandy

Madison, WI

Hey there Mandy! Most people will purchase a used vehicle to save on the costs of down payments and monthly payments, which would be higher than if you were to purchase a new vehicle. But just because your vehicle isn’t brand-new, this does not mean that you have to be stingy with the auto insurance that you get. Of course, it would be practical if the comprehensive auto insurance and collision damage insurance premiums you sign up for cover just the amount you need for repairs or replacement of your vehicle. You may want to increase your deductibles for these types of insurance to lower your premiums. However for property damage liability and personal injury liability insurance, it is not practical at all to get just the minimum amounts of auto insurance coverage. Imagine what would happen if you got in a really bad accident. Would the minimum amounts be enough to pay for the damages? Will it be enough to pay for the medical expenses of any of the injured parties?

You may think that sticking to the minimum auto insurance requirements will save you some money right now, but getting more coverage will most likely pay off in case you do get into an accident. I suggest you try visiting some sites online that offer affordable auto insurance in Wisconsin.