Cheapest Car Insurance for Low-Income Drivers in Wisconsin (October 2024)

The cheapest car insurance for individual drivers with low-income and poor credit history in Wisconsin is Western National at $25 per month. For families with low-income, GEICO offers the most affordable rate at $39 per month.

Wisconsin does not offer state-backed car insurance programs for low-income families and individuals. Therefore, finding the provider with the most affordable rate is one option to manage costs. Additionally, there are ways to get discounts to help alleviate the cost of car insurance.

While minimum coverage will help you drive legally, it has downsides. For example, in the event of an at-fault accident, minimum coverage may not cover all the damages, leaving you financially responsible.

Car insurance companies in Wisconsin do not consider income when calculating your car insurance rates. Instead, they look at factors like age, driving record, insurance score and the type of car you drive. At-fault accidents and moving violations can also increase your rates. To find the cheapest rates, it's best to compare quotes from several insurance companies.

If your budget is tight, a basic minimum coverage policy is often the cheapest way to stay legal on the road. Additionally, if Wisconsin offers pay-per-mile insurance, it's a great option for drivers who rarely drive. MoneyGeek found the cheapest insurers for low-income drivers in Wisconsin to help you save.

To legally operate a vehicle in the Badger State, you must carry car insurance that adheres to the state's minimum car insurance requirements. Here's a breakdown of what's required by law in Wisconsin for your policy's liability coverage limits:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per accident.
• $10,000 for property damage liability per accident.
• $25,000 uninsured motorist bodily injury per person
• $50,000 uninsured motorist bodily injury per accident

When it comes to protecting yourself, a liability-only car insurance policy covers damages to others if you're at fault in an accident, but it won't cover your own vehicle. For comprehensive protection, including your own car, consider a full coverage car insurance policy. This includes both collision and comprehensive coverages, safeguarding against a range of incidents from theft to natural disasters.

For instance, if you frequently park your car on the streets of Milwaukee where theft rates are higher, opting for full coverage can provide peace of mind and financial protection. It's important to weigh the risks and benefits of each coverage type to determine what suits your situation best.

Credit history is crucial for drivers with low income in Wisconsin, as it can significantly affect car insurance premiums. Insurers view a poor credit record as a higher risk, leading to higher premiums. Maintaining a good insurance score can help lower these costs.

The cheapest car insurance companies for drivers with low-income and poor credit record in Wisconsin are:

• Western National: $296 per year, $25 per month
• Acuity: $313 per year, $26 per month

Drivers with good insurance credit, you can get the cheapest car insurance in Wisconsin from:

• Western National: $284 per year, $24 per month
• Acuity: $278 per year, $23 per month

It's important to get state minimum coverage as it's illegal to drive without a car insurance policy. Driving without insurance in Wisconsin is considered a misdemeanor and can lead to suspension of your driver’s license, vehicle registration, fines ranging from $175 to $1,000, and other penalties.

While your income doesn't change your car insurance rates, your family status does. In Wisconsin, a single parent with a teen pays an average of $928 annually, whereas married couples with a teen pay around $472, saving a substantial $456 each year on average.

The most affordable car insurance companies for a married couple with a teen in Wisconsin are:

• GEICO: $472 per year; $39 per month
• Nationwide: $488 per year; $41 per month

For a single parent with a teen, the cheapest options are:

• State Farm: $928 per year; $77 per month
• Auto-Owners Insurance Co: $960 per year; $80 per month

Married couples enjoy lower rates likely due to insurers viewing them as more stable and less risky. Single parents should particularly focus on maintaining a strong credit record to access more affordable car insurance rates.

Car insurance premiums generally decrease as you reach your early senior years, typically around age 55 to 65, especially if you have a clean driving record.

The two cheapest car insurance for senior drivers with low-income and poor credit history are:

• Western National: $285 per year; $24 per month
• Acuity: $295 per year; $25 per month

After the age of 70, car insurance rates typically increase as older drivers are statistically considered higher risk. This trend continues each year, meaning premiums generally rise as seniors age. Wisconsin has specific guidelines for seniors getting car insurance, which should be reviewed when selecting a policy.

Your income doesn't directly affect car insurance rates in Wisconsin. However, having a low income can lead to a poor credit record, which can result in higher rates. Conversely, a good credit record can help you get lower rates.

Understanding the factors that contribute to car insurance rates can help you make informed decisions in choosing the best car insurance for you.

You don't need a state-sponsored program to cut costs — finding affordable car insurance in Wisconsin is possible with the right strategies. Here are some tips to lower your premiums:

Finding affordable car insurance for low-income drivers in Wisconsin can be tough. Get answers to some of the most commonly asked questions about low-income car insurance in Wisconsin.