After June 1, 2010, Wisconsin auto insurance is no longer just for those whose lenders require it or those who opt to purchase a policy: It is required by law. Though many Badger State drivers already have auto insurance, Wisconsin's new mandatory minimum liability coverage will certainly be cause for concern among those who opted in the past to forgo this expense. The new law is only one of the reasons, however, why Wisconsin insurance quotes are extremely important both now and in the future. Here are a few things to think about whether you're shopping for your first policy or you've had car insurance in place for years.
The New Wisconsin Auto Insurance Minimums
When it comes to minimum requirements for auto insurance, Wisconsin's new legislation says that with few specific exceptions, drivers must carry at least $50,000 liability coverage for the injury of one person, $100,000 coverage for the injury of two or more people, $15,000 for property damage, and uninsured or under insured coverage of $100,000/$300,000 for bodily injury. Surprisingly for a state that so recently had no minimum requirements, the new Wisconsin auto insurance minimums are much closer to those recommended by insurance experts than the minimum requirements in many other states.
Common Wisconsin Auto Insurance Discounts
Whether you've never had insurance before, or even if you've had a policy in place for 20 years, it makes sense to take advantage of every available discount. In Wisconsin, auto insurance providers will typically give discounts for: installing an anti-theft device, maintaining a good driving record, keeping a high credit score, and purchasing multiple policies with the same company. Some providers will even give rate reductions to students who get good grades. The types of discounts offered varies from company to company, so make sure you discuss any possible rate reductions with your provider.
Wisconsin Auto Insurance Averages
While the stats are likely to be affected by the new law, the latest average available from the National Association of Insurance Commissioners for Wisconsin auto insurance is $582 a year, making America's Dairyland the 7th least expensive state in the union to insure a car in. This, of course, is excellent news for Wisconsin drivers on the whole, but as individual policies can easily be much more or less expensive than the statewide average, it is always important to make sure you know what the going rate for your particular policy is. This is where insurance quotes can help.
Using Wisconsin Auto Insurance Quotes
All major insurance providers will give you an estimate of how much they'll charge you for a specific policy; this estimate is called a quote. In Wisconsin, auto insurance quotes are not only free, they are incredibly valuable. Getting multiple quotes from different companies in your area will tell you two important things: The average cost for the particular policy you want and how your current rates compare to those of other companies. Once you see the prospective rates from several different companies side-by-side, it's easy to find the most affordable rates. If your current provider is giving you a good deal, you'll have the evidence to prove it; if your current provider's rates are significantly higher than those of competing companies, you'll have a good idea of which company you should be with.
For many drivers in Wisconsin, auto insurance quotes are going to be relatively similar from company to company; however, there are certainly cases where an individual can save hundreds of dollars a year by switching insurance providers. The best way to find out if you'll see significant savings by changing insurance companies is, of course, to get as many quotes as possible. NetQuote makes this easy. Simply fill out a brief online form and let NetQuote get you multiple Wisconsin auto insurance quotes from companies in your area. The service is fast, simple, and most importantly, free. If you want to make sure your new policy is the best around, NetQuote is here to make finding and comparing quotes a breeze.