Auto Insurance in Milwaukee, WI
Compare Progressive, Allstate, GEICO and Nationwide (+ other top companies) to find the best and cheapest car insurance in Milwaukee.
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How much does car insurance cost in Milwaukee?
An average six-month auto insurance policy in Milwaukee costs about $913, or about $152 per month. Our data for 2023 indicates that USAA is the least expensive auto insurance provider in Milwaukee, with rates of $490 for a six-month policy. However, keep in mind that USAA coverage is not available to everyone. To discover other cost-effective options if you are looking for vehicle insurance in Milwaukee, continue reading.
Milwaukeeans pay more than the Wisconsin average for auto insurance, which is about $687 every six months. The average in the city is also higher than the national average of $742 every six months. In reality, 36% of our Milwaukee customers feel they are overpaying for their vehicle insurance. If you're paying too much or want more information about your auto coverage options, read on to find out what typical Milwaukee rates look like and how they are determined.
Cheapest Car Insurance Companies in Milwaukee
1st place: USA
USAA takes the prize for cheapest coverage at $82 per month or $490 for a six-month policy. Please note that USAA coverage is for military members and their families, so you may not qualify for their auto insurance.
2nd place: Mutuality Integrity
In second place is Integrity Mutual Insurance Company, which offers auto insurance rates as low as $95 per month ($572 for six months).
3rd place: GEICO
GEICO finishes third cheapest on our list. A GEICO policy in Milwaukee costs $616 per six-month policy, which is approximately $103 per month.
Zebra Key Takeaways on Milwaukee Auto Insurance:
- The average cost of an auto insurance policy in Milwaukee is $913 per six-month policy, $152 per month.
- The cheapest company in Milwaukee is USAA ($490).
- Milwaukee ranks as the most expensive city for auto insurance in Wisconsin.
- 36% of Zebra customers in Milwaukee use our tools because they feel they are paying too much for their current auto insurance.
Milwaukee car insurance rates by company
According to our data for 2023, the best cheap car insurance with full coverage in Milwaukee, Wisconsin is USAA at $82 per month or $490 for a semi-annual policy, while the second cheapest is Integrity Mutual at $95 per month or $572 for six policies. of months. Both offer a variety of options to meet your auto insurance needs, but remember that some companies may have eligibility requirements or price differences depending on your profile. Learn more about the top-rated auto insurance companies based on The Zebra Customer Satisfaction Survey.
Compare prices to save on car insurance
To find affordable car insurance that suits your needs, it is advisable to shop around and shop around. Our comparison tools can do the heavy lifting for you, allowing you to focus on selecting the right coverage. Enter your zip code to see rates from Progressive, Allstate, State Farm and other top companies to find the best, most cost-effective auto insurance in Milwaukee.
Average car insurance in Milwaukee by rating factor
Finding the right car insurance company can be a challenge because you want it to cover the important things without having to spend a lot of money.
Although most companies use similar rating factors, each has its own way of doing things. For example, some companies may be more interested in your credit score, while others may focus more on your past claims.
To ensure you continue to get the best rates possible, it's a good idea to get new quotes every six months to a year.
Car Insurance Premiums by Age in Milwaukee
Of the many factors taken into account when calculating rates, age is one of the most important. Insurance companies use data to determine the likelihood of drivers getting into accidents or filing claims, and unfortunately, teen drivers have a higher accident rate than any other age group. As a result, they face the highest premiums: In Milwaukee, the difference between the rates paid by teen drivers versus those in their 20s can be up to $3,848 per year.
Insurance companies aim to manage risk, and the cost of insuring a teen driver may seem daunting or unfair. But keep in mind that teens are the highest-risk drivers, and to balance out amplified claims expenses, insurers charge them higher premiums.
Zebra Tip: The cheapest companies for Milwaukee drivers ages 20 to 40 are USAA, Integrity Mutual and GEICO.
Data shows that most Milwaukee drivers are between 20 and 40 years old. This age group pays an average of $1,044 every six months, but by choosing one of these companies they could save up to 40%! Remember that USAA insurance is not available to everyone.
Auto Insurance Premiums for Minimum Coverage in Milwaukee
The level of coverage you choose has a lot to do with your insurance rates. Our data indicates that 27% of Milwaukee drivers have the minimum state coverage. While drivers are only required to carry a certain amount of coverage, if they only maintain the bare minimum, they could be underinsured in the event of a claim.
Your rates will increase if you add collision coverage and comprehensive coverage, also called "comprehensive coverage," when purchased together. However, the added peace of mind these covers offer can be invaluable. You will generally have to pay a deductible for these coverages, which can vary in amount and impact your rate. If you select a higher deductible, your rates will be more affordable. If you prefer a lower deductible, your policy will cost you more.
It's worth considering additional features like roadside assistance or uninsured motorist coverage, which can protect you from uninsured or underinsured drivers. Adding these options to your policy will increase your insurance premium, but The Zebra recommends them because they give you an extra level of protection in the future.
Q: Can I reduce my auto insurance coverage?
A: Possibly, if your vehicle is paid for.
In an analysis of our data, 48% of drivers in Milwaukee owned vehicles. If you are not leasing or financing your vehicle, you may want to consider whether dropping comprehensive or collision coverage is right for you. We recommend obtaining the actual cash value of your vehicle through Kelley Blue Book or another reliable source. In general, if your vehicle is worth less than $4,000, you probably don't need collision coverage. However, keep in mind that canceling these coverages means you will have to pay for repairs out of your own pocket if you are involved in an accident.
Milwaukee car insurance rates by credit score
While most states, including Wisconsin, consider credit score a key factor in determining insurance premiums, few people know why. Historical data has shown that people with lower credit scores tend to engage in riskier driving behaviors, have coverage gaps, and file more claims. Therefore, insurers consider drivers with good credit to be less risky, leading to lower rates. Improving your credit score can be a smart strategy to reduce your auto insurance costs.
According to our data, Milwaukee motorists with a credit score of 300-579 pay a staggering 303% more than those with a score of 800-850. Most drivers in Milwaukee have a credit score categorized as "Average." In 2023, USAA or Integrity Mutual are the cheapest options for Milwaukee drivers for this level of credit.
Zebra Tip: If you've improved your credit score, it's time to look into car insurance!
In Milwaukee, our data shows that drivers with "fair" credit pay $3,876 less for auto insurance in a year than drivers with "bad" credit. That's about 175% less! If you recently paid off a loan or took other actions to improve your credit, check your preferred credit monitoring software to see if your recent efforts could save you on your car insurance.
At-Fault Accident Car Insurance Rates
At-fault and collision accidents are the most common type of insurance claims. In 2023, an at-fault accident raised average auto insurance rates in Milwaukee from $30 to $65 per month, which may not seem like much, but adds up to hundreds over the course of a year. The cheapest insurance company in Milwaukee after an at-fault accident is USAA, with Integrity Mutual coming in second for savings.
Keeping your auto insurance rates affordable means maintaining a clean driving record by avoiding citations and accidents, no matter your location. When it comes to at-fault accidents, DUI or DWI, reckless driving charges, and speeding tickets, all of these will cause your rates to increase. The type of accident or citation you receive will affect your premium for three to five years, but DUIs or DWIs can continue to affect you for an even longer period.
Why is car insurance in Milwaukee so expensive?
Car insurance in Milwaukee can seem expensive for a variety of reasons. One reason is that the cost of living in Milwaukee is higher than other Wisconsin cities, meaning auto insurance companies have to charge more to cover their own costs. In addition to your level of coverage, credit history, and driving record, there are also other factors that affect your rates. Let's look at why car insurance can be expensive in Milwaukee, even for a great driver.
Business costs
Cities across the country have seen an increase in the cost of living for residents in recent years, which generally means a higher cost of doing business for auto insurers. These higher costs are passed on to the consumer through higher rates.
Location
As with many urban centers, there are specific neighborhoods in Milwaukee where crime, theft and uninsured drivers are more common. If you live in a high-crime area, you'll likely pay more for car insurance than if you lived in another part of the city. The plus side is that Milwaukee insurance rates don't differ significantly from zip code to zip code. Although one might be slightly higher, the difference is usually only a few dollars.
Expensive Milwaukee ZIP Codes: 53206, 53216, 53205, 53210, 53233
Cheap Milwaukee Zip Codes: 53228, 53226, 53220, 53227, 53217
Climate
Regions prone to severe weather conditions, such as hurricanes or tornadoes, pose a high risk to insurance companies, resulting in higher premiums in those areas. Weather-related damage is covered by comprehensive coverage, so if you're concerned about potential damage, consider keeping comprehensive coverage as part of your policy, even if your vehicle is paid off.
Number of drivers
Milwaukee's larger population, compared to more rural areas of Wisconsin, also means there are more vehicles on the roads. More vehicles mean more accidents overall. Expenses related to accident claims are typically passed on to other drivers in the area through higher premiums; This applies even to drivers who don't use their cars frequently.
Zebra Tip: Uninsured Property Damage Coverage
If you live in an area with a high number of uninsured drivers, we highly recommend having uninsured motorist coverage (UMPD). In Wisconsin, however, it is already a requirement ($25,000 per person and $50,000 per accident).
This coverage can be helpful if you or your car is damaged by an uninsured or underinsured driver. UMPD coverage typically has a lower deductible and is less expensive than collision coverage. Additionally, increased rates after a UMPD claim can be significantly less expensive than after a collision claim. If you are in an accident with an uninsured driver in Milwaukee, you may have to cover the entire cost of the repair yourself.
Combination Insurance Policies in Milwaukee
No matter where you live, car insurance costs always seem to be increasing. However, there are still ways to help reduce your auto coverage costs. An easy way to save money when purchasing a new policy is to bundle your homeowner or renters insurance with your auto insurance. By combining them, you can potentially save up to 10% on combined premiums. Find out more about how to combine home and auto insurance.
Take a few minutes to compare rates from several insurers and see if consolidating your auto and home insurance policies could save you money. By bundling your policies, you may be able to get a better rate than if you kept your policies separate.
While insurance rates are out of your control, the key to getting affordable car insurance is to compare quotes from as many companies as possible. It can be overwhelming to find an affordable rate that doesn't undermine your coverage but is also within your budget. Consider any personal circumstances that may affect your rate, such as moving, aging, or improving your credit score, to ensure you don't miss out on potential savings.
It is important to note that not all insurance companies are the same and it is always a good idea to compare prices to find the best option for you.
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