Wisconsin Auto Insurance - (WI)

Auto insurance is a fact of life. Whether you own one car or three, finding the best policy at the best price is a priority. But depending on where you live, the auto insurance regulations you’re required to follow could vary greatly. Each state has separate auto insurance regulations that prescribe the type of coverage required and even the way you must document your coverage. Make sure your policy at least meets your state’s guidelines, and carefully consider how much insurance you need to feel safe on the road.

Wisconsin Auto Insurance Laws

Wisconsin is unlike many states – auto insurance is not necessarily required. Instead, drivers must be able to prove financial responsibility when they take the road. This means that you have the ability to pay for any damages that may be incurred during an accident if you’re at fault.

While this might sound like a great way to get around insurance, think again. Financial responsibility can cost a great deal – and in many ways, insurance is a much more affordable option. An auto insurance policy will cover vehicle damage, injuries and property damage – according to the specifications you set out when shopping for a policy. Through doing this, you’re getting coverage that will likely far exceed the state’s minimum requirements. This means that you’re protected in the event of a catastrophic injury. If you don’t have such comprehensive coverage, you could be personally financially liable.

Wisconsin does not require proof of insurance in most instances. You will, however, be required to show you have insurance if you’ve previously lost driving privileges.

Proof of financial responsibility means that you have to show you have the funds available to cover the damages incurred in an accident. Generally, this can be satisfied by placing a deposit of $60,000 cash with the state department of transportation. This is one of the reasons why most experts strongly recommend getting auto insurance instead of following the proof of financial responsibility route.

Tips For Auto Insurance Consumers

Finding the best auto insurance rates requires research and effort on the part of the consumer. One of the best ways to accomplish this – and one of the most time-saving – is by receiving several competitive quotes from multiple insurance companies. When you do this you’re verifying not only that you’ll be receiving the type of coverage you want, you’ll also know that you’re getting the coverage at the best possible price.

If you’re trying to save money on your premiums, you might want to think about raising your deductible. Just remember that while this will save you money on your premiums, it will end up costing you more in the event that you file a claim.

Families with teenagers should verify whether their policies would change when their children reach driving age. Depending on your state, your insurer and your particular policy, your teens could be automatically added to your policy once they reach driving age – regardless of whether or not they’re going to drive. Contact your insurance company and find out how this might affect you.

One of the easiest ways to keep your premiums low is by driving safely and paying your bills on time. Your driving record and credit score will directly impact your auto insurance premiums.

Department Of Wisconsin (WI) State Government That Regulates Auto Insurance:
Web Site: oci.wi.gov
Email: information@oci.state.wi.us

How To Contact Directly:
Wisconsin Office of the Commissioner of Insurance
125 South Webster St.
Madison, Wisconsin 53702
Phone: 1-608-266-3585
Toll Free: 1-800-236-8517 (In-State)
Fax: 1-608-266-9935

Wisconsin (WI) Mandatory Auto Insurance Minimums

• Liability: Financial responsibility state. If an auto insurance policy is purchased to show proof of financial responsibility and it includes Bodily Injury/Property Damage coverages, there are mandatory minimums of 25/50/10
• Other Mandatory Insurance: Uninsured Motorist coverage with limits of at least 25/50
• Regulations Regarding Proof of car insurance: Proof Not Required
• Penalties For Not Carrying Mandatory Insurance: License or registration revocation

How To File A Complaint About An Insurer:

Main Page For Filing A Complaint With The Wisconsin Office Of The Commissioner Of Insurance
Or Call The Complaints And Information Service:
Toll Free: 1-800-236-8517
Email: complaints@oci.state.wi.us