What Is Required In Wisconsin?

Answer 1

Wisconsin is home to several of the country's dairy producers. Drivers in the state not only have to deal with the dairy farms, but they also must deal with insurance rates that are sometimes higher than those in other states. The rates are regulated by the Financial Responsibility Law. Drivers must have a minimum amount of insurance that will cover other drivers who do not have insurance, as well as enough to cover personal and property damage. Anyone who drives a car in the state has a responsibility to pay for the expenses if they are involved in a car accident. If the amount is more than the coverage they have on their insurance policy, that money will be paid form the driver's own pocket.

An important part to an insurance policy in the state is bodily injury liability. This coverage pays for any lost wages or medical bills that the other driver incurs after an accident. Expenses are paid even if the driver was someone in your home who was driving your car without your permission. A minimum of $25,000 is required for bodily liability. An amount of $50,000 is required if there is more than one person involved in a car accident. In the event that you want to let someone drive your car that is not on your insurance policy, you will be protected because the state requires that drivers carry uninsured motorist insurance. If you are in an accident and the other driver does not have insurance, then you will be covered under this part of your policy. You are also protected if there is an accident and the driver leaves the scene. The amounts of insurance coverage are only a minimum through the state. You can get more coverage if you feel you may need it. Parents who have teenage drivers may choose to carry more coverage while their children are living at home. Older individuals are another group that may want to consider having more coverage in the event of an accident. Most policies in the state only pay for medical expenses from an accident during the first year after the accident has occurred.