Wisconsin Auto Insurance Requirements

Wisconsin's Financial Responsibility Law requires all drivers to maintain minimum limits of liability insurance or have an alternate way to pay for bodily injury and/or property damage they cause. Financial responsibility can be obtained in many ways:

• Coverage by a motor vehicle or automobile liability insurance policy
• A cash deposit of $60,000 to the Department of Motor Vehicles (DMV)
• A surety bond for $60,000 obtained from an insurance company licensed to do business in Wisconsin

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If you decide to purchase an automobile insurance policy, you are required to purchase minimum amounts of coverage, as outlined in the table below. Wisconsin is a "Tort” state, which means that you, as a driver, bears all financial responsibilities for both damages and injuries incurred in an auto accident in which you were at fault.

Wisconsin drivers can add extra protection with optional coverages such as collision, comprehensive, medical payments, and/or underinsured motorist.

You may want to consider purchasing limits of coverage higher than those required by law to protect your assets or property, as you may be personally responsible for any damages above the policy limits.

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Auto Insurance for Leased Vehicles in Wisconsin (WI)

Most leasing companies in Wisconsin typically require drivers to maintain insurance coverage which exceeds the minimums set by Wisconsin state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:

• Bodily injury liability coverage: $100,000 per person/$300,000 per accident
• Property damage liability coverage: $50,000
• Comprehensive and collision coverage: $500 maximum deductible

Read about special auto insurance considerations for drivers in:

• Madison
• Milwaukee

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**Auto Insurance Finder is not an insurance broker or carrier. Content on this site is for comparison and informational purposes only. The products and services listed on this site may not be available in all states.

Last Updated: August 19, 2010