Study: Wisconsin is the 4th cheapest in the country for car insurance
Affordability still rings true when it comes to Wisconsin residents purchasing car insurance. Insure.com's recent national survey on car insurance rates has the Badger state ranked as the fourth cheapest in the nation.
Wisconsin's affordable auto insurance is further proof that the Truth in Automobile Insurance provisions in the state budget has truly been a benefit to consumers. There have been numerous attempts lately to remove or change the provisions based on wildly untrue notions that premiums and rates would sky rocket due to these provisions.
Wisconsin's average premium is $1,010. 93. The three states with cheaper rates than Wisconsin are Ohio, Vermont and Maine. To view the results of the survey, click here.
"Prior to the passage of Truth in Automobile Insurance provisions in the state budget, consumers were being deceived by the automobile insurance industry when they purchased coverage designed to protect their families from the personal and financial costs of an accident," said Paul Gagliardi, President of the Wisconsin Association for Justice.
To get to the latest rankings Insure.com commissioned a study from Quadrant Information Services that calculated the average premiums for a male driver (see full profile below) using car insurance rates from six large carriers (State Farm, Allstate, Progressive, GEICO, Farmers and Nationwide) in 10 ZIP codes per state.
"Protecting automobile consumers should be the top priority of legislators. The Truth in Automobile Insurance provisions in the state budget did that. They are protecting millions of Wisconsin consumers today. They should not be altered to take away consumer rights just to increase insurance profits," Gagliardi stated.
If you feel your rates are unreasonably high we encourage you to shop-around with various carriers for new insurance. With the state's low rates, you are bound to find the deal that fits your needs. We also encourage you to contact the state Office of the Commissioner of Insurance at (800) 236-8517 if you feel your premiums have unjustifiably been raised and have questions as to why they were.
Profile: Averages in the study are based on a single 40-year-old male driver who commutes 12 miles to work, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. He has a clean driving record and good credit. The policy includes uninsured motorist coverage. Average rates are for comparative purposes; your rate will depend on your personal factors.
The Wisconsin Association for Justice stands with consumers to promote a fair and effective justice system for every citizen, not just the privileged and wealthy.