In Wisconsin, drivers are required to carry liability insurance to cover damages and injuries they may cause in an accident. The minimum car insurance requirements in Wisconsin are:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $10,000 property damage liability per accident
However, it’s important to note that these are only the minimum requirements and may not be enough to fully cover damages and injuries in a serious accident. It is easy to do $10,000 damage to an expensive car and $25,000 for bodily injury can be used up by an ambulance ride to a hospital to treat injuries. The minimum required amount of insurance coverage is not nearly enough.
It’s generally recommended to carry higher levels of insurance coverage to protect yourself and your assets in case of an accident. The amount of recommended insurance that a person obtains varies upon the assets they need to protect. In general, it is recommended that a person get as much insurance as they can afford, especially to protect assets that would be a hardship to lose in a personal injury settlement or jury verdict.
Even worse, if you are the injury victim and the driver who injured you has minimum insurance and no assets of value, you need to find some other way to pay your own medical bills, cover lost wages and compensate you for your pain and suffering.
Here are some additional types of car insurance coverage you may want to consider:
- Uninsured/Underinsured Motorist Coverage: This type of coverage can protect you if you are in an accident with a driver who doesn’t have enough insurance to cover your damages and injuries.
- Collision Coverage: This type of coverage can help pay for damages to your own vehicle in a collision, regardless of who was at fault.
- Comprehensive Coverage: This type of coverage can help pay for damages to your vehicle from non-collision events, such as theft, vandalism, or weather damage.
When deciding how much car insurance to get, it’s important to consider your individual needs and budget. You should also consult with an insurance agent or financial advisor to help you understand your options and make an informed decision.
If you have questions about this article or if you would like to have a free, no-obligation consultation with an experienced attorney about your personal injury case, please call us at (414) 306-8999 or write to us using the contact form on this page.