The average annual cost of car insurance in Milwaukee is $1,099. That is 17.7% more than the state average of $933. The best comprehensive car insurance available to all drivers in Milwaukee is from GEICO, costing an average of $784 per year. MoneyGeek also analyzed the cheapest insurers by coverage limits and driving profile to help you find the best companies that provide quality service at affordable costs.
Compare the Cheapest Car Insurance Quotes in Milwaukee, WI
The Cheapest and Best Car Insurance in Milwaukee
The Cheapest Car Insurance Companies in Milwaukee
According to MoneyGeek, the cheapest providers of full coverage car insurance in Milwaukee are:
- USAA: $470 per year (exclusive for current and former military members)
- GEICO: $784 per year
MoneyGeek collected average car insurance rates for different insurers using a sample 40-year-old male driver. In this case, the policy includes liability insurance, along with comprehensive and collision insurance that covers damages to your car.
Average Cost of Car Insurance in Milwaukee
The average annual cost of car insurance in Milwaukee is $1,099, which is higher than the typical cost of auto coverage in the state of Wisconsin but still lower than the national average cost of car insurance. Drivers in Milwaukee pay around 17.7% more than the average annual cost of car insurance in Wisconsin, although they also pay around 22.9% less than the national average.
The Best Car Insurance Companies in Milwaukee
Drivers seeking to balance quality service and affordability while looking for car insurance in Milwaukee can use the MoneyGeek list of top insurers to find the best choice for their needs. MoneyGeek’s scoring system discovered that the best insurance companies in the city for most drivers are:
- Erie: MoneyGeek score of 95 out of 100
- Hartford: MoneyGeek score of 88 out of 100
USAA received the highest score in Milwaukee by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
The methodology used by MoneyGeek included affordability, customer satisfaction and financial stability scores from J.D. Power.
Personalized Quotes to Get You the Cheapest Car Insurance in Milwaukee
Car insurance quotes in Milwaukee differ because car insurance companies take note of several personalized factors when determining the risks associated with the driver. These factors may include age, ZIP code, make and model of vehicle, driving record and marital status, among others. In Milwaukee, for example, an average GEICO policy for an 18-year-old driver is more than four times more expensive than a policy for a 40-year-old driver.
Since your circumstances may change over time, it’s always a prudent idea to regularly request a personalized quote from car insurance companies in Milwaukee in order for you to get the most affordable coverage that is best suited to your needs.
Shopping around for car insurance in Milwaukee could save you $314, which is enough to buy:
Cheapest Car Insurance in Milwaukee by Coverage Amount
In Milwaukee and other cities in Wisconsin, how much coverage you buy affects your cost of car insurance. For instance, if you purchase a policy that only meets the state minimum requirements, you will pay $582 per year on average. Meanwhile, if you get a full coverage policy with higher liability limits, you will pay an average of $1,099 per year.
Wisconsin Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $10,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
Different car insurance policies in Milwaukee have different coverage limits. For example, GEICO offers both 50/100/50 liability-only and full-coverage plans. A car insurance policy with GEICO for this level of liability coverage will cover bodily injury costs up to $50,000 per person, with maximum coverage of $100,000 per vehicle, along with $50,000 worth of property damage repair.
The 50/100/50 full-coverage plan from GEICO, which also has collision coverage and comprehensive insurance, costs an average of $241 more than a liability-only policy for most drivers. Since the difference in costs is quite substantial, it is recommended that you request a personalized quote from different car insurance companies in Milwaukee.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Milwaukee if You Have Driving Violations
Car insurance companies in Milwaukee take your driving record into consideration when computing their rates: the more moving violations there are, the more expensive your policy will be.
For a GEICO policy, for example, a driver with a speeding ticket needs to pay an average of $206 more for their car insurance than drivers with a clean record, even if they get a plan with similar coverage.
Another example in Milwaukee is that an Erie car insurance policy for a driver with a clean record costs an average of $896 per year, but drivers with a DUI on their record will pay an average of $442 more because their DUI conviction is associated with higher risk.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Since the number of car-related incidents varies depending on where you live, different neighborhoods in Milwaukee have different risks associated with them. Drivers who currently reside in the city’s most cost-effective neighborhood for auto coverage, 53215, will pay about $126 less in annual car insurance premiums than drivers who live in ZIP code 53204.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Milwaukee
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Milwaukee. How Milwaukee ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Milwaukee are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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