Wisconsin Auto Insurance Limits Going Down
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Well…we’re now taking it all back.
On Tuesday, Governor Scott Walker approved a Senate proposal that repeals the increases in auto insurance coverage.
In addition to the lower liability limits, the Wisconsin underinsured motorist limits will revert back to 50/100, which is where they were prior to the hike in 2009 when they were upped to 100/300.
The repeal bill would also ban “stacking” of car insurance coverage.
“Stacking” refers to a loophole in some state’s insurance laws in which a particular coverage “follows” a vehicle.
Insurers will be changing their car insurance rates as a result of this legislation, making it the perfect time to do some shopping.