Wisconsin drivers need to know a little something about the insurance system in their state. In addition to the existing tort system, there is optional add-on no-fault coverage with no restrictions on lawsuits. This means that the driver has the option to choose whether or not to use the no-fault system or the tort system in the case of an accident.
Wisconsin Car Insurance Quotes: Required Coverage
In Wisconsin, the state requires all car owners to carry at least $25,000 bodily injury liability insurance per person; $50,000 bodily injury liability insurance per accident in total; and $10,000 property damage liability insurance per accident. These limits, while fairly common minimums, are insufficient in real life situations. Insurance specialists typically recommend $100,000 bodily injury liability insurance per person; $300,000 bodily injury liability insurance per accident in total; and $100,000 property damage liability insurance per accident.
Uninsured motorist coverage is also required in the state. Considering the fact that Wisconsin is the 17th highest state for uninsured drivers with 14.6% opting to operate a vehicle without coverage, it is very necessary to protect oneself against such drivers. Underinsured motorist coverage is also mandatory and will protect you from accidents with those who carry insufficient levels of insurance to cover losses incurred in an accident.
Wisconsin Car Insurance Quotes: Suggested Coverage
In addition to the required coverage mentioned above, drivers of vehicles that are financed must carry collision and comprehensive coverage in order to protect a vehicle that is still partly owned by a lender. Collision will cover damages to the car if losses occur from an at-fault accident. Comprehensive will cover damages to the car if losses occur from named perils like theft, storm damage, vandalism and fire. If the vehicle is paid for, the owner can choose whether or not to opt for these forms of coverage.
Other suggested types of coverage include personal injury protection which gives you additional medical expense coverage in case of bodily injury caused by a motor vehicle accident, regardless of fault. Towing and labor coverage and rental car reimbursement are also worth considering to round out your coverage.
