The Wisconsin state legislature recently passed new legislation which lowers the state minimum liability insurance coverage. The new law was signed by the Governor and went into effect on November 1, 2011. The new bill reverses the changes made in 2009 which raised the minimum coverage required and was fairly costly to insurance customers. The lower coverage requirements will take effect on all new business written after November 1, 2011 or on policies which renew after November 1, 2011.
Wisconsin car insurance customers should expect to receive a letter in the mail from their insurance company or insurance agent detailing the changes made by the legislature. Insured’s will receive a notification up to 60 days prior to their policy renewing.
Under the new law the insured has 3 options:
- Keep their current limits as is. No action is required.
- Revise their limits and coverage at their next renewal after November 1, 2011, or mid-term after their policy renewal after November 1, 2011.
- Rewrite their policy if lower limits are desired prior to their renewal date after November 1, 2011. This will require a new application and down-payment.
Check with your insurance company or insurance agent for further information about this change.
Are you getting car insurance for the first time or have an insurance requirement for SR-22 filing? Serenity Insurance can help – we offer affordable auto insurance in 47 states for both preferred and high risk drivers. Call us toll free today at 1-800-774-0520 or use our car insurance quote form.
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