Auto insurance rates in Wisconsin are significantly lower than the national average, as the statewide annual average premium for 2011 is $1,113 and the national average is $1,440.

Annual Changes

The average annual premium for 2011 fell 5% compared to 2010, and this reduction followed an earlier drop of 24% between 2009 and 2010. The sharp drop in 2009 reflected new mandatory coverage laws in the state and it is not possible to predict future trends based on recent patterns. The market for car insurance in Wisconsin is not fixed in any way and insurance providers determine their own rates. Therefore, keeping track of price changes while shopping around is the best way for Wisconsin drivers to get the lowest insurance prices.

Seasonal Changes

Wisconsin car insurance rates fell sharply in the spring of 2010. The remainder of the year saw basically steady rates, with some fluctuation occurring within a narrow price band. Rate changes in Wisconsin can occur quite rapidly, and the best way for drivers to make sure they are paying the lowest prices is by keeping a close eye on prices by using this site.

Insurance Requirements

The minimum insurance requirements in Wisconsin as of November, 2009 include bodily liability coverage of $50,000 per person and a $100,000 limit per accident, while the minimum property damage liability coverage is set at $15,000. Mandatory uninsured and underinsured motorist bodily liability coverage requirements are set at $100,000 per person and $300,000 per accident. Wisconsin is a tort state, where one party is judged responsible and liable for all damages that result from an accident. Higher coverage limits are therefore highly recommended in order to preserve assets in the event of a lawsuit.

Advice for Getting the Best Deals

Reliable auto insurance coverage is available from regional and national insurers that serve Wisconsin drivers. Since each company uses different methods of determining rates, no one company consistently offers the lowest prices. Multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best should be obtained. Consulting the J. D. Power consumer satisfaction ratings for each company also provides vital information.

Wisconsin drivers are advised to check our site frequently to monitor price changes and to obtain multiple quotes in order to get the lowest rates from highly reputable insurance providers.