Wisconsin High Risk Auto Insurance
Unlike other states, Wisconsin does not have a compulsory insurance law that applies to all drivers operating vehicles in the state. There are, however, certain circumstances when a person is required to carry high risk auto insurance. When these circumstances arise, insurance can be purchased from one of many different insurance companies, including Direct, Geico, Progressive, State Farm, Nationwide, or many others.
While Wisconsin does not specifically require liability insurance, it does have a law that requires drivers to be financially responsible for any damages they may cause while operating a vehicle. This means that a person who does not have insurance should be able to show that he/she has enough money on deposit to cover any medical or repair expenses incurred by other parties in an accident caused by him/her.
Recommended insurance minimums to meet the financial responsibility law include bodily injury liability of $25,000 per individual to $50,000 per accident and property damage liability of $10,000. A $1,000 medical benefit should also be included. Underinsured motorist insurance must be at least $50,000 per person.
These are required minimums of high risk auto insurance that must be proven via an SR22 filing in the following circumstances: a driver's license or vehicle registration has been revoked, a driver wants to have his license reinstated following a suspension caused by a damage judgment or failure to prove financial responsibility, or if a driver is under the age of 18 and does not have an adult sponsor to provide financial responsibility.