Wisconsin Bill Adjusts Mandated Auto Insurance Rules

The Senate and House of Representatives in Wisconsin have approved a bill that would adjust a previous mandate for auto insurance premiums in the state. The bill serves as a reversal to a law that raised premiums and insurance rates for some drivers.

Bill Lowers State’s Liability Coverage Requirements

In 2009, a law was signed that raised the limits on the minimum amount of coverage people had to have. Premium costs were increased, making it challenging for many low-income drivers to afford coverage.

In an effort to lower rates, the minimum liability insurance coverage amounts were lowered so that drivers in the state are now required to carry $50,000 of coverage for accidents causing bodily injury or death for a single victim, $50,000 for numerous victims and $10,000 for property damage alone.

The limits had been raised, effective June 2010, to $50,000, $100,000 and $15,000, respectively.

Wisconsin Drivers Will Still Have to Carry Insurance

While coverage limits will be lowered, one portion of the bill will not change. The 2009 law also required drivers to carry liability coverage, something they were not required to do previously.

This made them the 49th state to require drivers to carry coverage.

On April 9, a report from WFRV-TV in Green Bay, Wis., said that the governor still needs to sign the bill before it could actually go into effect. While he is expected to sign the bill, there is no word on when the law would actually take effect.

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