LOS ANGELES, April 13, 2011 /PRNewswire/ -- Wisconsin Gov. Scott Walker signed into law on Tuesday car insurance changes that were recently passed by the state Assembly and Senate. The changes would nearly cut in half the total amounts of liability coverage that Wisconsin drivers are required to carry and would take effect at the end of the year.
OnlineAutoInsurance.com recommends that Wisconsinites eager to reduce their minimums in light of this legislative development conduct an auto insurance quotes comparison online in order to see just how much they would actually be saving. Some consumers in the state may find that the cost-breaks for reducing minimum coverage levels to be negligible.
The legislation in effect cancels out revisions made to the state's insurance law by Democrats last legislative session. At that time, minimums were raised from 25/50/10 liability to the current minimums of 50/100/15.
The actual price effects of that change have been a source of intense debate. Some groups said instituting the higher minimums resulted in a net premium increase of less than 1 percent, while other said it raised premiums more than 30 percent.
The bill to reduce minimums gained a 61-34 vote in the Assembly and a 25-7 vote in the Senate.
With the signing of the bill into law, minimal protection levels for uninsured motorist and medical payments coverage will also be reduced, and policyholders will no longer be able to "stack" coverage.
All motorists will still need to purchase a policy before being able to drive legally.
To learn more about minimum levels of financial protection and other insurance issues, readers can go to http://www.onlineautoinsurance.com/ where visitors will find informative resource pages and a quote-comparison generator that can help consumers quickly find the best rates for a policy.
SOURCE Online Auto Insurance, LLC