The good news for Wisconsin drivers is that insurance rates are generally lower than in other states. The average driver in Wisconsin pays around $1,040 per year for annual premiums, which are about 27 per cent lower than the U.S. average. As with anywhere, however, car insurers in Wisconsin consider multiple factors when setting premium rates. More than just state lines, car insurance rates are determined based on things such as driving record, age, gender, type of car, and even credit score. As a result, different drivers will pay varying rates that could be higher or lower than the average.
Wisconsin law is similar to other states in that all drivers are required to purchase minimum liability coverage to operate on the road legally. Drivers must present proof of liability insurance at all traffic stops or accidents as requested by law enforcement. Liability insurance only covers bodily injury and property damage claims made by other drivers if you are at fault for an accident. This coverage will not pay out claims for you or your car in the event of an accident.
To ensure that everyone and all property are covered after a car accident, many Wisconsin drivers choose to purchase additional types of insurance. Collision and comprehensive coverages are often called full coverage. These policies will pay for injuries or damage to your car regardless of who is at fault. Additionally, the insurance company will pay for damages resulting from non-accident-related events such as weather or vandalism. While full coverage provides additional protection, it also comes with additional rates.
While the state boasts some of the lowest insurance rates, many drivers still seek cheap auto insurance in Wisconsin. From looking for discounts and bundling policies to being a safe driver, there are a few ways to save money on your car insurance rates in Wisconsin. Let’s take a look at how you can save on your annual premiums.
Driving Record
Perhaps one of the best ways to save money on car insurance rates is maintaining a clean driving record. From traffic violations such as speeding tickets to car accidents, any event on your driving record could allow insurance companies to classify you as a higher-risk driver. Once you accumulate driver’s license points, it is almost inevitable that your insurance rates will increase. Even rates for the basic minimum liability insurance coverage will be higher if you don’t have a clean driving record. Maintaining your status as a good driver will ensure that you get the best rates on your auto insurance.
Discounts
Another way to score lower insurance rates is to look for car insurance companies that offer discounts. Many companies offer rate decreases for having a good driving record, having certain safety equipment in your vehicle, or being in public service or the military. Many young drivers can also find discounts for good academic records. You might also be able to save by bundling your home and auto policies with the same company. Additionally, many insurance companies now offer a rate discount if you’re willing to install a tracker into your car to monitor your driving habits. Wisconsin residents who want to score even lower auto insurance rates should do some research to uncover any discounts that might be available.
Driving in Wisconsin without the required minimum amount of insurance can result in fines, license suspension, and even jail time. This is why it’s important to maintain appropriate insurance coverage at all times. Finding the right coverage at the right price for your needs can be done with some time, research, and comparison shopping. Maintaining a clean driving record and taking advantage of auto insurance discounts is the best way to lower your rates. You can find premiums that provide good coverage at a price that you can afford.
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