The new car insurance law signed by Gov Scott Walker relieve the car insurance holders

Car owners in Wisconsin may soon be able to reduce the cost of their car insurance premiums. This is related to the signing of the new law by the governor Scott Walker that lowers the minimum amount that must be paid by car owners.

In 2009, Democrats passed legislation that raised the minimum amount to be paid by insurers, however, the amounts was cut in half by the Republican Party later on.

The new car insurance law law is very helpful drivers who have low income. Therefore, it can reduce the cost of their insurance premiums. “We know That there are people from time to time need to cut Corners or do not have the financial ability to carry extremely high limits, and for those people give this new legislation will of Them Some choice,” said Anne Landre, Community Insurance Information Center Rep.

Although, the new car insurance law is relieve the insurers. However, insurance companies have warned the insurers who have lower coverage amounts. If they hit someone, and the victim demanding money greater than can be covered by the company, then it becomes insurers’ personal responsibility. This would seem to make the insurers would not vote for lower car insurance.

The new car insurance law is expected to be effectively implemented in November. Insurers who wish to reduce their car insurance can talk with the insurance company. And for insurance companies, they are expected can socialize it to insurers.

Short URL: http://www.usnews9.com/?p=6725

Posted by on Apr 14 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.
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