Car insurance in Wisconsin will be priced on many things such as how old you and the other drivers on the policy are, the ages of the vehicles and the vehicle type as well as the driving history. Many car insurers also rate your policy price on details such as the distance you drive each day, where you live, your schooling and sometimes even if you smoke.
The State of Wisconsin’s car insurance requirement comes under their financial responsibility law. This is a law that is designed to make sure licensed drivers in Wisconsin have enough insurance coverage or money to pay for any damage they cause to another party by their vehicle. In Wisconsin this requirement can be met through car liability insurance, surety bonds, personal money or a certificate of self-insurance.
If you decide to meet the state requirement with car insurance, then when purchasing that insurance policy you will need to satisfy the state requirement and have enough coverage on your auto policy to meet the minimum standards for the state of Wisconsin: This would be $25K for injury or death to 1 person, $50K for injury or death to 2 or more people and $10K for property damage. Wisconsin also requires you to purchase what is called Uninsured/Underinsured Motorist coverage. The coverage minimum for this is $25K per person per accident and $50K per accident. Because Wisconsin’s vehicle law follows a Tort system, the person found to be at fault for the accident and their insurance company will be responsible for all damages. A note to remember is that Tort system requirements may be different in each state.
In the state of Wisconsin you must show proof of insurance when you are trying to reinstate your driver’s license or vehicle registration after it has been revoked or suspended or if you are under the age of 18 without a sponsor. You do not need to show proof of insurance in Wisconsin to renew your driver’s license or register your vehicle under normal circumstances.
Don’t forget to shop around first when looking for car insurance. There are many quality car insurance companies in Wisconsin such as Progressive, Travelers or online sources like Esurance that can give you a personal quote based on your particular circumstances.
