Wisconsin: Car Insurance Rates Expected To Rise.

pk · 10-26-2009, 07:02 PM

New car insurance requirements passed by the Legislature that are taking effect in the coming weeks and months are expected to result in higher rates.

On Nov. 1, all new auto insurance policies will be required to have underinsured coverage. That coverage, which is now voluntary, is for when another motorist causes an accident and has lower liability limits than the amount of damages in the accident.

For people with existing policies, the changes will take effect when they renew

FULL STORY HERE:

Chippewa.com

**keith** · 11-14-2009, 09:53 AM

Funny thing I learned on a trip to Black River Falls a few weeks ago.

I met and talked with a fellow for a couple of hours. He'd been from a city in Southeastern Wisconsin all his life. Pulled up roots and settled on a very rural road on the outskirts of Black River Falls.

We talked about how much lower the cost of living was for everything there...or so I thought. Turns out the one thing that cost him more was car insurance.

Higher car insurance? Yeah. Because of all the deer-car accidents and other critter-car accidents!

Now, if only we could get those critters to get coverage; maybe that'd bring down costs a bit.

Regards,
Keith

CNCguy · 11-14-2009, 03:30 PM

Ahhh.. another way to increase premiums. So we have uninsured and underinsured. How about just making a minimum policy amount as standard instead? So everyone elses policy can stay the same, but why would you do that when you can collect a little more from everyone.

kmfarm · 11-14-2009, 05:50 PM

Quote:

Originally Posted by keith

Higher car insurance? Yeah. Because of all the deer-car accidents and other critter-car accidents!

Regards,
Keith

Sorry, that's not why.

Rates are going up because of legislation, nothing to do with deer/critter incidents.

**keith** · 11-14-2009, 11:18 PM

Quote:

Originally Posted by kmfarm

Sorry, that's not why.

Rates are going up because of legislation, nothing to do with deer/critter incidents.

These higher rates happened with a move to a rural area a couple of years ago...and they had everything to do with deer/critter accidents.

Regards,
Keith