If you drive an automobile in the state of Wisconsin, remember that auto insurance Wisconsin is a legal necessity. You may be in a low risk or high risk group but it makes no difference, you must purchase it however expensive it is. If you can afford to have a car, you can afford to cover it with a policy in case of an accident.
There are minimum levels of coverage to apply to each age group and the most that will be paid out is set by law. For example, property damage carries maximum coverage of $15,000. Death or injury of one individual carries $50,000, and death or injury to two people or any number above two has maximum coverage of $100,000.
In June of 2010, a law went into effect stating that a driver stopped by a police officer for any reason must show proof of coverage when the officer requests it. Truck drivers are exempt from this law. If you drive without being covered, there are fines and the chance of losing your license for a period of time.
For one, a $500 fine can be levied against you and at minimum a fine of $10 is levied for not being able to show proof that you are covered, even if you are and left the proof at home. If anyone knowingly provides fraudulent information on an insurance policy he or she can be fined $5,000. You must show proof to the Department of Motor Vehicles before having your license reinstated after revocation.
As you would expect, high risk drivers pay a higher premium. Someone charged with drunken driving or who has high number of speeding tickets will be classified as high risk. If you drive extensively as part of your job, you will pay a higher premium.
For the individual with more than one accident on his or her record, the company will conclude that you are high risk. This is the most usual reason for an individual to pay a higher premium. Checking prices from one company to another may garner you a lower rate as different companies have different standards.
All states have imposed higher rates for policies covering teens and unmarried males less than twenty-five years old. They are high risk because they have been proven to have the most accidents. Some families will have their car insurance rates increased when their child turns sixteen whether he or she drives or not. Auto insurance Wisconsin follows these same parameters. They are in business to make money and they lose money when someone has an accident.
There are minimum levels of coverage to apply to each age group and the most that will be paid out is set by law. For example, property damage carries maximum coverage of $15,000. Death or injury of one individual carries $50,000, and death or injury to two people or any number above two has maximum coverage of $100,000.
In June of 2010, a law went into effect stating that a driver stopped by a police officer for any reason must show proof of coverage when the officer requests it. Truck drivers are exempt from this law. If you drive without being covered, there are fines and the chance of losing your license for a period of time.
For one, a $500 fine can be levied against you and at minimum a fine of $10 is levied for not being able to show proof that you are covered, even if you are and left the proof at home. If anyone knowingly provides fraudulent information on an insurance policy he or she can be fined $5,000. You must show proof to the Department of Motor Vehicles before having your license reinstated after revocation.
As you would expect, high risk drivers pay a higher premium. Someone charged with drunken driving or who has high number of speeding tickets will be classified as high risk. If you drive extensively as part of your job, you will pay a higher premium.
For the individual with more than one accident on his or her record, the company will conclude that you are high risk. This is the most usual reason for an individual to pay a higher premium. Checking prices from one company to another may garner you a lower rate as different companies have different standards.
All states have imposed higher rates for policies covering teens and unmarried males less than twenty-five years old. They are high risk because they have been proven to have the most accidents. Some families will have their car insurance rates increased when their child turns sixteen whether he or she drives or not. Auto insurance Wisconsin follows these same parameters. They are in business to make money and they lose money when someone has an accident.
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