Best Milwaukee, WI Auto Insurance in 2024

Milwaukee is the largest city within the entire state of Wisconsin. Milwaukee’s economy is heavily reliant upon breweries, manufacturing, and the business derived from being one of the largest ports on all of Lake Michigan. Looking for cheap auto insurance in Milwaukee, WI? Our comprehensive guide will help anyone find cheap insurance in Milwaukee. 

Average Milwaukee, WI auto insurance costs $346 per month or $4,161 annually. Whatever your occupation, we can help you find more affordable discount auto insurance in Milwaukee, and teach you the various ways your rates are calculated. 

To immediately obtain Milwaukee, WI car insurance quotes, simply enter your five-digit Milwaukee ZIP code into our FREE quote comparison tool above. If you’re not ready to buy Milwaukee, WI car insurance, jump into our guide now.

Auto Insurance Coverage Requirements in Wisconsin

Virtually every state in the nation has some form of liability auto insurance laws, Wisconsin is no exception. What is the minimum requirement for auto insurance in Wisconsin? Find out in the table below.

Wisconsin Minimum Auto Insurance Requirements

If you are trying to save cash by only purchasing the minimum Wisconsin auto insurance policy needed, keep in mind that liability only pays claims when you get into any sort of accident which was your fault. 

If other things transpire with your automobile, for example, vandalism, thievery, or perhaps an accident that wasn’t your fault, it might set you back. The financial costs of repairing or replacing your car can be significant.

The typical Wisconsin driver could end up paying around $346 monthly, however, this rate is subject to change as it is based on many differing factors. 

However, if you purchase your policy from a superior Milwaukee, WI car insurance company, possess a clean driving record, and have good credit, you may only have to pay as little as $89 per month.

Take a look at the graph below, which compares monthly rates for auto insurance from Milwaukee companies.

Based on the data within the chart, either Allstate, State Farm, or Farmers are providing the cheapest cost within the Milwaukee area. But simply because their rates are the cheapest does not mean you’ll obtain the best value. 

It may be worthwhile to pay a little extra every month for a provider that has stellar customer support reviews and an incredibly simple claims process.

Organizations that offer auto insurance coverage consider many elements while calculating insurance rates, which include gender, accident claims, type of vehicle owned, education, and multiple cars and drivers. Always remember that your insurance rates will alter from carrier to carrier. 

To confirm you are still receiving the best price, check cheap Milwaukee auto insurance rates by comparison shopping.

Auto Insurance Rates in Milwaukee, WI

To secure cheap auto insurance in Milwaukee, Wisconsin, we have to understand how companies calculate your rates. Each time an auto insurance agency creates a policy, they take a lot of specific details and demographics into account. 

Some factors that impact your Milwaukee, WI auto insurance rates are your age, ZIP code, desired coverage level, credit score, and driving record.

Check out the table below to see what the average annual auto insurance rates are for Milwaukee residents from major companies. 

Milwaukee Average Annual Auto Insurance Rates by Company

As you can see, auto insurance for Milwaukee residents varies from company to company, and from person to person. Keep reading, we’ll go into more detail about how these individual factors impact your auto insurance premiums.

What ZIP codes have the cheapest auto insurance rates in Milwaukee?

Your Milwaukee ZIP code can cause your insurance rates to increase to decrease. Automobile insurance companies have to know your geographical area and the places you might be driving frequently as a way to assess your chances of being involved in a car crash.

If you live in a densely populated part of the city with a greater amount of vehicles on the roads and highways, that means you’re more likely to get into a collision.

According to DataUSA, the population of Milwaukee is 599,002 and there are 27 different ZIP codes found within your city. Find out if you’re paying more or less than your neighbors in the table below.

Milwaukee Average Annual Auto Insurance Rates by ZIP Code

As you can see from the data, where you park your car at night matters. The cheapest auto insurance by Milwaukee ZIP Code can be found in the 53228 neighborhood. Folks with the 53206 ZIP code pay around $159 more per month on average. 

If you live in Milwaukee, are you getting the cheapest insurance in Wisconsin? Find out in the graph below, which compares monthly rates for Milwaukee residents to other cities in the state.

According to the data, auto insurance in Milwaukee is much more expensive than in other cites like Greenbay. You can even get greater insurance rates in Madison, WI.

Automotive Accidents in Milwaukee, WI

Even though Milwaukee is a very large city with more than half a million people living in it, the accident rates are still comparatively high when examined against similarly-sized cities. 

See what we mean in the graph below, which shows the rate of fatal vehicle accidents in the city.

When you live in a city with higher than average accident rates, it becomes very likely that your insurance provider will raise rates across the board in your area. However, if you have a fairly clean driving record, you might qualify for safe driver discounts.

Auto Thefts in Milwaukee, WI

Finding cheap auto insurance might be just a little bit challenging if you live in a city that makes you more vulnerable to auto theft, especially if you drive a car that is more likely to get stolen. 

Not only are there are specific models of vehicles that tend to be more attractive to thieves, but motor vehicles that are often parked in big cities can become easy targets. 

The total quantity of cars stolen cars in Milwaukee rose slightly in 2013 to 4,384 total in the city. According to City-Data, the number continued to rise and reached 4,589 in 2018.

By investing in a comprehensive auto insurance policy, you can use your insurance to help replace a stolen vehicle. How much will the extra coverage cost you? Find out in the graph below.

Comprehensive coverage not only helps pay for a stolen vehicle, but it can also protect you from weather damage as well. If it fits your budget, it is a worthwhile investment.

Best Auto Insurance for Credit History Rates in Milwaukee, WI

If you want the best auto insurance in Milwaukee, your credit rating may have a bigger effect on your payments than you may think. Just consider the data presented within the following chart.

For somebody with excellent credit, their monthly fees are between 50 to 75 percent less expensive than the monthly costs for somebody with a bad credit score. 

Luckily, bad credit does not have to last forever. You can reduce your payments over time with on-time, consistent payment deliveries.

Do gender and age affect my auto insurance rates in Milwaukee?

Your age and gender will impact your auto insurance rates in Milwaukee. Age makes a bigger difference for your rates than gender.

The younger you are as a driver, the less experience you’ve gained from driving. Therefore, insurance companies charge you a greater amount for your auto insurance. Take a look at the chart below, which shows how much more a teenage driver with no discounts pays every month compared to an older driver.

To lower auto insurance rates for teenagers, make sure you apply for various discounts. Safe driver discounts and good student discounts are two of the most common options available.

Surprisingly, most insurance providers don’t charge significantly different rates for guys or women. Some companies might charge 2 to 3 percent more according to your gender. However, the growing trend would be to charge motorists exactly the same rate per month, no matter gender. Seek advice from your provider to learn more.

Best Auto Insurance for Driving Record Rates in Milwaukee, WI

A clean driving history can get you the cheapest rates in your city, and oppositely if you have a messy driving record it will increase your monthly costs. 

See how much a single traffic violation will increase your Milwaukee insurance rates in the graph below.

Increased rates are not the only consequence of bad driving. If you receive a lot of citations or serious violations like a drunk driving arrest, companies may refuse to insure you altogether. 

If you only have one or two violations, make sure to speak to your insurer about an accident forgiveness program to see if you can save some cash.

How does your vehicle model impact auto insurance rates?

Luxury vehicles almost always cost more to insure than economy sedans. See what we mean in the graph below.

In the event you must file a claim, luxury cars are more expensive to repair or replace. To mitigate these extra costs, insurance companies charge more to insure those vehicles. 

If you own a fancier car, you will likely need much more than the minimum state coverage to be able to fully safeguard your vehicle. Investing in a fuller coverage policy will always cost you more.

Minor Auto Insurance Factors in Milwaukee

We’ve discussed the major factors that impact your insurance rates in Milwaukee. Now let’s cover some minor factors that will influence your rates, just not with as heavy an impact. 

Keep reading to learn how marital status, commute length, and education level can affect your auto insurance premiums

Your Marital Status and Auto insurance in Milwaukee, WI

For individual insurance policies, marital status is only going to alter the price of your policy by about 2 or 3 percent, if you even see a difference at all. 

However, married people could possibly get big discount rates by bundling their coverage together. And for those who have homeowner or renter policies, it can save you a lot of money by bundling those policies with your auto policy.

Best Auto Insurance for Commute Rates in Milwaukee, WI

Traffic can get a little congested for commuters in Milwaukee. Many commute times might be as short as 10 minutes or as long as 25 minutes for many. However, the average commute length in Milwaukee is around 20 minutes in total.

That being said, trips as long as 30 to 35 minutes aren’t uncommon either. 

A little less than 72 percent of drivers in your city use their own car to drive alone to work, while 14 percent carpool.

Only 8 percent take public transportation to get to work, like the bus. Less than 5 percent of Milwaukee residents walk to work.

Do you assume, like most drivers, that you’ll pay greater insurance costs for driving more miles every year? Or driving for pleasure rather than commuting to classes or the office? 

Well, the fact is that only business automobiles receive a significant rate hike of about 10 to 12 percent per month for driving more. Personal policies are usually not impacted very much.

Read More: Green Commuting: Why It Matters and How to Do It

Auto Insurance Coverage Level and Deductibles in Milwaukee, WI

Want greater than minimum coverage, but can’t afford a hefty monthly premium? You may consider raising your deductible.

A greater deductible can decrease your rate per month, while opening room inside your plan for more coverage.

Education Level and Auto Insurance in Milwaukee, WI

The majority of Milwaukee residents either have a high school diploma hanging on their wall or have not yet completed all four years of their high school education. This helps in part to explain why auto insurance in Milwaukee can be so expensive since providers often end up charging higher rates for drivers who haven’t earned an advanced degree.

There are several different opportunities to earn a higher education for those who live in Milwaukee. Ranking in the top 4 percent of universities across the US is the University of Wisconsin in Milwaukee, a prestigious research university with more than 23,000 students pursuing over 180 different degrees. 

Additionally, Marquette University is a private Jesuit school rated as one of the 50 best colleges by U.S. News and World Report. There are many technical and vocational schools all around Milwaukee as well, the largest of which is the Milwaukee Area Technical College.

How We Conducted Our Auto Insurance Analysis

We calculated our average rate based on a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, and who owns his own home. 

The miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

You are now an expert on finding cheap auto insurance in Milwaukee, WI. Enter your five-digit ZIP code into our FREE quote comparison tool below to secure the best Milwaukee, WI car insurance rates.