The cheapest auto insurance depends on your profile and needs. Auto-Owners Insurance is the cheapest for full coverage. American Family is the cheapest after an accident, while State Farm is most affordable for drivers with DUIs. Veterans seeking full coverage get the best deals from USAA, while seniors and teens fare best with Nationwide.
MoneyGeek took a close look at the best car insurance providers in Milwaukee, which strike a balance between affordability and service.
Cheapest Car Insurance in Milwaukee, WI
Cheapest Minimum Coverage Car Insurance in Milwaukee
Milwaukee drivers will find the cheapest minimum coverage car insurance from the following companies:
- Erie: $406 per year
- GEICO: $411 per year
Dairyland is the most expensive at $2,170 per year. As of October 2022, Erie also provides the cheapest minimum coverage auto insurance throughout Wisconsin, charging an average annual premium of $204. Its higher rate in Milwaukee illustrates how location affects insurance rates.
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The state of Wisconsin requires that minimum coverage car insurance policies include:
- Bodily injury liability of $25,000 per person and $50,000 per accident
- Property damage liability of $10,000 per accident
- Uninsured motorist coverage of $25,000 per person and $50,000 per accident
If you’re involved in an at-fault accident, and if the accident causes injuries to others, your insurance company will pay a maximum of $50,000 for their medical expenses, with no more than $25,000 per individual. Costs exceeding $50,000 will be your responsibility.
Cheapest Full Coverage Car Insurance in Milwaukee
The insurance companies that provide the cheapest full coverage auto insurance policies in Milwaukee are:
- Auto-Owners Insurance: $865 per year
- American Family: $879 per year
Dairyland offers the most expensive full coverage auto insurance in Milwaukee, charging $4,692 per year. As of October 2022, GEICO provides the most affordable full coverage auto insurance in Wisconsin at an average of $481. GEICO’s lower cost illustrates how location can affect insurance rates.
Full coverage insurance includes comprehensive and collision coverage.
- Collision insurance: Helps you pay for repairs to your car after a collision with another vehicle or object.
- Comprehensive insurance: Covers damages from theft, vandalism or weather events, such as flooding.
Think twice about paying extra for full coverage if you drive an old vehicle with little value. You could pay more for insurance premiums than the car is worth.
Compare minimum and full coverage policies.
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Cheaper insurers could pocket you hundreds of dollars per year.
Cheapest Car Insurance in Milwaukee After a Driving Offense
Drivers with violations on their records will find the cheapest full coverage auto insurance in Milwaukee from:
- Speeding ticket: Auto-Owners Insurance ($972 per year)
- At-fault accident: American Family ($879 per year)
- DUI: State Farm ($999 per year)
Dairyland provides the most expensive full coverage auto insurance for people with driving violations, charging $7,738 per year after an at-fault accident, $6,195 per year after a DUI and $7,077 after a speeding ticket.
If you have a driving violation, even the cheapest insurance will cost more than if you have a clean record.
Car insurance rates usually increase based on the severity of the violation. In Milwaukee, drivers will pay $379 more after a speeding ticket and $722 more after a DUI. You can still find the cheapest car insurance for poor driving records by shopping around.
Cheapest Car Insurance in Milwaukee for Teens and Their Families
If you need full coverage auto insurance as a 16-year-old teenager on a family policy in Milwaukee, your cheapest options vary based on your gender:
- Nationwide: $1,741 per year for female teens; $1,918 per year for male teens
- Travelers: $2,132 per year for female teens;
- GEICO: $2,482 per year for male teens
Kemper provides the most expensive auto insurance for teens in Milwaukee, charging $8,917 for females and $11,001 for males. Insurance providers view female teens as less risky to insure and charge them less. However, the gender cost difference drops off by early adulthood.
Adding a teen driver to an existing family policy is the most cost-effective way to insure them. For instance, insuring a 16-year-old male in Milwaukee costs an average of $2,396 on a family policy, while purchasing a separate policy costs $5,599. That’s a difference of over $3,203. To find the cheapest car insurance for teens, compare rates and take advantage of student discounts.
Cheapest Car Insurance in Milwaukee for Military Drivers
The following companies provide the cheapest full coverage car insurance for active/veteran military families in Milwaukee:
- USAA: $530
- Auto-Owners Insurance: $865
USAA also provides the cheapest minimum coverage car insurance in Milwaukee, charging an average of $237 per year. Erie takes the second spot, with an annual premium of $406.
How to Compare Cheap Milwaukee Car Insurance Quotes Online
To find cheap car insurance in Milwaukee, you’ll need to compare quotes from multiple companies. This process can take 15 minutes or more per company and requires that you provide a good amount of personal information.
MoneyGeek’s car insurance calculator gives you quick estimates when you input just your age, vehicle type, coverage level and driving record.
Auto Insurance Calculator
See how the Average Annual Auto Insurance Rates vary with the options chosen.
Cheapest Car Insurance in Milwaukee for Young Adults
The following companies offer the cheapest car insurance for young adults in Milwaukee:
- American Family: $938 per year
- GEICO: $1,016 per year
Dairyland offers the most expensive car insurance for young adults in Milwaukee, at $5,467 per year. Young adults usually pay less than teens but more than middle-aged drivers. For instance, the average cost of full coverage car insurance for a 25-year-old is $1,843, whereas it's $1,477 for a 40-year-old. That's a difference of $366.
Cheapest Car Insurance in Milwaukee for Seniors
The companies providing the cheapest car insurance for seniors who need full coverage in Milwaukee are:
- Nationwide: $821 per year
- Auto-Owners Insurance: $838 per year
Dairyland is the most expensive, charging $4,147 per year. Auto insurance rates in Milwaukee are cheaper for seniors when compared to middle-aged individuals. While 40-year-olds spend an average of $1,477 per year, the number drops to $1,372 for 65-year-olds. After age 65, however, rates begin to increase again.
Cheapest Car Insurance in Milwaukee for Poor Credit
When it comes to car insurance for people with bad credit, the following companies offer the cheapest rates for full coverage policies:
- American Family: $879
- Erie: $1,066
Dairyland is the most expensive alternative at $4,692 per year. If you have poor credit, expect to pay an average of 40% ($588) more for car insurance than someone with good credit.
Insurance companies have found that people with poor credit are more likely to submit claims and charge them higher premiums. However, you can still find the cheapest options by comparing quotes from multiple providers, looking for discounts or bundling policies. You can also take measures to improve your credit score.
Cheapest Car Insurance in Milwaukee for Sports Cars
The cheapest sports car insurance companies providing full coverage policies in Milwaukee are:
- American Family: $825 per year
- Travelers: $889 per year
Dairyland has the most expensive sports car insurance at $4,703 per year. Insuring a sedan like a Camry costs 8% ($118) less per year than insuring a Mustang. While this is the case in Milwaukee, sports car insurance doesn’t always cost more.
MoneyGeek used a Ford Mustang as a sample sports car, and actual rates may vary based on specific models. Usually, it's more expensive to insure electric, sports and luxury cars, as is the case in Milwaukee.
Average Cost of Car Insurance in Milwaukee
A full coverage car insurance policy in Wisconsin costs $1,002 per year on average. This amount is $351 less than the average car insurance in Milwaukee ($1,353 per year) and $263 less than the national average car insurance cost ($1,265 per year).
These costs are for policies with a bodily injury liability limit of $100,000 per person and $300,000 per accident, and $100,000 in property damage liability per accident.
Location is an important factor when it comes to the cost of auto insurance. Milwaukee has the most expensive rates in Wisconsin, followed by Madison.
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