In Wisconsin, drivers need $25,000 of bodily injury liability insurance per person, up to $50,000 per accident, and $10,000 of property damage liability insurance. Wisconsin requires uninsured motorist protection, which replaces the liability coverage an at-fault driver should’ve had and pays for your costs up to your policy limits. Coverage like MedPay or personal injury protection pays for medical expenses for you and your passengers. MedPay is optional in Wisconsin and PIP is not available.
Here’s How Much Car Insurance Drivers Need in Wisconsin:
Minimum Coverage Limit
Bodily Injury Liability Coverage (per person)
Bodily Injury Liability Coverage (per accident)
Property Damage Liability
$25,000 bodily injury per person $50,000 bodily injury per accident
If you lease or finance your car, you may be required to carry coverage types that are not mandatory under Wisconsin law. Lenders usually require comprehensive and collision insurance. Collision insurance covers repairs to your car when you hit another car or object. If the damage to your vehicle was caused by something other than a collision—like a natural disaster, vandalism, falling objects, or animals—it is most likely covered by comprehensive insurance. You might also have to get gap insurance, which covers the difference between what you owe on your loan and what the vehicle is worth at the time of a total loss.
The cheapest states for car insurance are Iowa, Vermont and Nebraska, according to WalletHub's Cheap Car Insurance Study. They are the cheapest states for auto insurance in large part because they have low population density and relatively few uninsured motorists. In contrast, New York, Florida and New Jersey are the most expensive states for car insurance.… read full answer
Population and uninsured motorists are the two main reasons for variations in policy costs from state to state. After all, fewer people means fewer drivers on the road, which means fewer accidents. And a low percentage of uninsured motorists means that more of the people on the road are responsible drivers. It also means insurance companies face fewer claims from their own customers who've been hit by uninsured motorists. Both a low population and low numbers of uninsured motorists keep claims and premiums down.
In addition to the population and number of uninsured drivers, other factors that affect car insurance costs include state laws, crime rates, and special weather hazards. State laws govern how much insurance coverage drivers are required to carry, and no-fault laws impact insurers' risks. Crime rates mainly impact comprehensive coverage, which covers losses due to theft or violence. Weather hazards - like hurricanes, hail or snowstorms - cause more breakdowns and accidents.
In my personal opinion, I look at the value of the vehicle and if I can afford that loss in the event of an accident. I also look at the miles driven daily. I take the premium into consideration as well. Example, doesn't make sense to pay $100/mo for a vehicle that is only worth $1500 or may sit around and be driven 1,000 miles / year.… read full answer
Comprehensive coverage is usually inexpensive compared to collision and it's something I myself personally, would keep on a vehicle.
Comprehensive coverage protects you in the case of:
Natural disasters (like a hurricane or a tornado)
Damage done to your car by animals
A civil disturbance (like a riot that results in damage or destruction of your car)
Please remember that this answer is based on my own personal opinion. You should speak to your agent to help you weigh your options and understand a little more. Hope that helps!
The thirteen states that require PIP insurance, also known as personal injury protection, are Delaware, Florida, Hawaii, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, and Utah. All 13 of these PIP states are “no-fault states.” PIP coverage is also available, but optional, in 6 additional states, plus Washington, D.C.… read full answer
Minimum PIP Coverage
$15,000 per person, $30,000 per accident
(plus $5,000 for funeral services)
$10,000 per person
$10,00 per person
$4,500 per person
(plus a $2,000 burial benefit or up to $10,000+ for care/lost wages)
$10,000 per person, per accident
$2,000 per person*
$8,000 per person, per accident
(drivers who receive Medicaid can opt out as of July 2020)
($50,000 per person starting July 2020)
$40,000 per person, per accident
$15,000 per person, per accident
(up to $250,000 for certain life-altering injuries)
$50,000 per person
(plus a $2,000 death benefit)
$30,000 per person
$15,000 per person
Medical Benefits Required
$5,000 per person, per accident*
$2,500 per person
(plus up to $100/week for lost wages for up to 12 months, in some cases)
$10,000 per accident
$50,000 per person
(plus $12,000 per person for lost wages and $4,000 for funeral expenses)
*Reflects this state’s minimum coverage required for medical benefits, not PIP specifically. In New Hampshire, this minimum only applies to drivers who decide to purchase coverage.
PIP insurance covers medical expenses for you and your passengers after an accident, no matter who is at fault. These expenses include ambulance fees, medical and surgical treatments, and prescriptions. PIP can also reimburse you for lost wages, home care expenses, and even funeral expenses.
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