Wisconsin Insurance Law: How to Secure Insurance Coverage for Rental Cars
Understanding Wisconsin insurance law is crucial for anyone looking to rent a vehicle in the Badger State. Whether you are a resident or a visitor, knowing how to secure proper insurance coverage for rental cars can save you time, money, and a lot of headaches.
When you rent a car, the rental company usually offers several insurance options, including collision damage waivers (CDW), liability coverage, and personal accident coverage. However, navigating these options can be complex, especially in light of Wisconsin’s unique insurance regulations. Below, we’ll break down how to secure the appropriate insurance coverage for rental cars in Wisconsin.
Understanding Wisconsin’s Minimum Insurance Requirements
In Wisconsin, the law requires all drivers to carry liability insurance. This includes bodily injury and property damage coverage. As of 2023, the minimum liability coverage required in Wisconsin is:
- $25,000 for bodily injury per person
- $50,000 for bodily injury per accident
- $10,000 for property damage per accident
As a renter, it is essential to understand that these minimums may not be sufficient in the event of an accident. Therefore, elevating your coverage is often recommended.
Rental Car Insurance Options
When renting a vehicle in Wisconsin, consider the following insurance options available through the rental company:
- Collision Damage Waiver (CDW): This coverage protects you against costs related to damage or theft of the rental vehicle. If you decline this option, you may be personally responsible for repair costs.
- Liability Coverage: Provides additional coverage beyond the minimum state requirements. This can help protect you if you cause an accident, resulting in injury or property damage to others.
- Personal Accident Insurance: This covers medical expenses for you and your passengers in the event of an accident, regardless of fault.
- Supplemental Liability Insurance (SLI): Offers higher liability limits, protecting you from claims that exceed the rental company’s basic liability policy.
Using Your Own Insurance
Many auto insurance policies extend coverage to rental cars. Before renting, it’s wise to contact your insurance provider to confirm your coverage options. Generally, if you have personal auto insurance, you may already have coverage for rental vehicles. This can often include liability and collision coverage, which might eliminate the need for additional insurance from the rental company.
Credit Cards and Rental Car Insurance
Another option is to use a credit card that provides rental car insurance. Many major credit cards offer some form of collision damage coverage if you use the card to pay for the rental. However, conditions apply, so be sure to read the fine print and verify the specifics with your credit card company.
Final Recommendations
Before signing any rental agreement in Wisconsin, evaluate your existing insurance coverage, consider the rental company’s insurance options, and determine whether your credit card can provide additional coverage. This proactive approach helps ensure you have comprehensive protection while driving a rental vehicle.
In summary, navigating Wisconsin insurance law when renting a car doesn’t need to be overwhelming. By understanding your insurance options and consulting with your providers, you can feel more confident while enjoying your journey on the beautiful roads of Wisconsin.