Mandatory Auto
Insurance for Wisconsin Drivers Takes Effect June 1, 2010
On June 1, Wisconsin joins 48 other states in mandating auto
insurance coverage. So what do the changes mean for
Wisconsin drivers?
What drivers need to know about the law:
- Wisconsin drivers will be required to carry with them
proof of insurance. So when you receive the cards and
information about your policy from your insurance company,
put at least one of the cards in your vehicle.
- If a driver is stopped on suspicion of a traffic
violation, the police officer will ask for proof of
insurance. Drivers can receive a $10 ticket if they
have insurance but don't have proof with them. You
could be fined up to $500 if you don't have insurance or you
provide false of fraudulent information regarding insurance
coverage.
- Underinsured motorist coverage is now required for state
drivers on new or renewed policies, That portion of
the law went into effect no Nov. 1.
- Motorists now need to have a policy providing at least
$50,000 in bodily injury coverage for one person, $100,000
in bodily injury coverage per accident and $15,000 to cover
property damage. These limits went into effect Jan. 1.
Purchasing a policy
With the looming deadline, does it mean that currently
uninsured drivers are out of luck to be compliant when the law
changes? Hardly, auto insurance can be secured relatively
quickly. Drivers will need to provide the insurance
company of their choice the following information:
- Driver's license information for all drivers in the
household
- Vehicle Identification Number (VIN) for all autos in the
household
- Name and address of financial leasing company
- Titleholder information
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