Madison, WI – (WiredPRNews.com) A Wisconsin newspaper reported earlier this week that the new state senate president, Mike Ellis, is aspiring to repeal certain provisions of the Wisconsin auto insurance regulation change that went into effect this past summer.
In an interview with The Post-Crescent, Ellis told the paper that, although he has no qualms with the introduction of the car insurance mandate, he would like to see the state-set minimum levels of coverage brought back down to their previous levels.
At the beginning of 2010, Wisconsinites were not legally required to carry insurance on their cars. If they did have coverage, though, it was required to be 25/50/10, meaning that it had to provide for at least $50,000 worth of bodily injury liability coverage per accident with at least $25,000 of protection per injured person, and $10,000 worth of property damage liability per accident.
But all of that changed this past June. As the summer began, a law went into effect requiring all drivers in the state to have in place a policy with coverages of at least 50/100/15 — nearly double the previous requirements.
Sen. Ellis asserted in the interview that the higher minimums have pushed premiums upward to a point where residents are dropping policies and driving illegally rather than paying the extra price to meet the new standards.
Although the new minimum levels do rank among the highest of the 50 states, Wisconsin’s average expenses on policies have ranked among the lowest in recent years. The National Association of Insurance Commissioners estimated that in 2007 the average Wisconsinite spent $582 to insure a vehicle, making the state’s average the sixth cheapest nationally for that year.
To learn more about car insurance issues affecting Wisconsinites, readers can go to http://www.onlineautoinsurance.com/wisconsin/ where visitors will be able to read about state requirements and will also be able to use the free quote-comparison generator to shop around for an affordable policy.
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