Smart Auto Insurance Blog

According to the article “Are Your Car Insurance Rates About To Go Up?” by Dan O’Donnell on 620wtmj.com, Previant Law Firm put together some information outlining how the 2009 budget might impact your Wisconsin auto insurance.

The main note is that minimum liability limits will be increased.  They discuss 7 key points on minimum liability coverage.

1. Minimum liability coverage was established to ensure the insured had adequate coverage
2. Coverages were set back in 1982 last
3. Limits are now being raised to reflect today’s costs
4. New proposed limits are $100,000/$300,000/$25,000
5. This will affect 20-25% of insured drivers
6. 75%-80% of drivers already have higher limits so should not see any impact
7. The cost to your auto insurance rates should be small compared to how much more coverage would you would receive