Reader’s Question:

I will be buying a used car. What do I need to know before I compare insurance companies?

Will

Milwaukee, WI

The good thing about Wisconsin is that premiums are quite low in this state that residents do not have a hard time obtaining that much-needed and very wise investment in the form of car insurance. According to the National Association of Insurance Commissioners (NAIC), Wisconsinites only paid an average of $590 for their cars to be adequately insured in this state in the year 2006. Thanks to the low population of this state, the incidence of traffic accidents is very minimal. And since there are not much drivers on the public roads, car insurance companies need not worry about numerous benefit claims. Wisconsin has a very low rate of theft and vandalism, as well.

And due to these factors, car insurance companies in the state of Wisconsin are able to provide its consumers with very competitive rates. Since you are still shopping for a car, it would be good to obtain the vehicle’s history and mileage as these will be greatly considered in the calculation of your premiums. Buy a car that is not older than three years if your budget allows it. And be sure to get one that has a mileage of not more than 25,000. This way, you will not have a hard time finding the cheapest rates when doing your research. To effectively compare insurance companies, obtain quotes for the 25/50/10 coverage that is required in this state. You may also want to do some reading on the profiles of carriers as this will also help you compare insurance companies in your area.