Wisconsin Auto Insurance Changes

Wisconsin recently passed a new bill which will lower coverage limits for Wisconsin auto insurance according to an article found in the Badger Herald by Andrew Averill. Coverage limits were previously raised in hopes that it would save money, but the Democrats had other ideas for lowering premiums.

As of now, Wisconsin law requires auto insurers to cover $50,000 for bodily injury, $100,000 for 2 or more people, and for property damage it's $15,000. The new bill changes the limits to $25,000, $50,000, and $10,000 respectively. This is a big difference and should have an impact on Wisconsin cities and perhaps other northern cities such as Seattle auto insurance will be influenced.

Jeff Fitzgerald, the assembly speaker in Wisconsin, saws the previous law ended up increase auto insurance rates for good drivers and even limited options for consumers. He believes the new law will help people shopping for auto insurance by giving them more choices in coverage plans. He sees this bill as the perfect combination of consumer choice and consumer responsibility. Hopefully it achieves that goal.