Drivers in Wisconsin have a variety of auto insurance options available to meet their coverage and budget goals. Whether you are new driver looking for your first auto insurance policy, or just shopping around for a better rate on your current policy, the Larson Insurance Agency works will shop multiple carriers to ensure you get the coverage you need at a price you can be happy with.
Every driver in Wisconsin must hold minimum levels of liability and uninsured motorist coverage. Liability insurance will pay for damages and injuries to other parties if you were to cause an accident. Uninsured motorist coverage will pay for damages or injuries that you suffer if you are in an accident with a driver who does not have auto insurance. Keep in mind that the minimum required coverage does not protect you or your vehicle in all situations. Let’s take a look at what is required by Wisconsin law, as well as optional coverages that are available to offer more complete protection.
Minimum Auto Insurance Requirements in Wisconsin
- $25,000 for the injury or death of one person
- $50,000 for the injury or death of more than one person
- $10,000 for property damage
Uninsured Motorist Coverage:
- $25,000 for bodily injury or death per person
- $50,000 total for bodily injury or death per accident
It is important to note that you must be able to provide proof of insurance if a law enforcement officer requests it during a traffic stop or at the scene of an accident. If you are unable to provide proof of insurance, you could be fined.
A variety of optional coverage is available to further protect both you and your vehicle. These options include collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, rental car coverage, roadside assistance/towing coverage, loan/lease gap coverage, and more. The two most common policy additions are Collision and comprehensive coverage, both of which will provide additional protection for your vehicle.
Collision coverage will cover damage you were to cause to your own vehicle, up to your policy limit. Your bank or lender may require you to purchase collision coverage if you have financed or leased a vehicle. Collision coverage begins to lose value as vehicles get older. Financially, it may make sense to cancel collision coverage on older vehicles that have depreciated significantly.
Comprehensive coverage will take care of damage to your vehicle caused by external factors. This would include damage from various events including vandalism, fire, theft, natural disaster, and similar non-collision related damage.
It is our goal at the Larson Insurance Agency to help you find an affordable policy that meets all of your coverage needs. Our ability to shop multiple carriers means we can provide you with the most competitive quotes and options that are available. In addition to shopping around for the best policy, you can save significantly by bundling your various insurance policies such as homeowners insurance and auto insurance. We will also help find other discounts you might qualify for such as safe driver and good student discounts. Contact us today for your free auto insurance quote!