Average Cost of Homeowners Insurance in Wisconsin (2024)


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Updated: May 22, 2024

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The average cost of homeowners insurance in Wisconsin in 2024 is $1,172. This figure is notably less than the national average of $2,423.

Aside from the coverage amount, credit rating plays a crucial role in determining premiums, with the gap between the lowest and highest premium averaging $1,849. If your rates have recently increased, our analysis of the cheapest plans in the state could guide you to more affordable options. Keep in mind that the insurance provider you choose can also affect your premium costs.

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Rates updated:

Jul 22, 2024

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To establish the average cost of homeowners insurance in Wisconsin, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

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These rates reflect the average cost of home insurance in Wisconsin as of 2024.

1.04 MQuotes Analyzed
 
8Companies Compared
 
10ZIP Codes

Average Cost of Home Insurance in Wisconsin by Coverage Amount

Wisconsin's annual premium for homeowners insurance with $250K Dwelling / $125K Personal Property / $200K Liability coverage is $1,172. This amount is less than the national average of $2,423.

Selecting the right amount of home insurance coverage is essential for adequate protection. It should reflect the cost of rebuilding your home and cover personal property totally lost. For instance, Wisconsin's policy offering $100K in dwelling coverage costs $678 annually. For a home requiring $500K in dwelling coverage, the annual premium rises to $2,013.

Average Annual Home Insurance Premium in Wisconsin by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K LiabilityAverage Annual Premium$678
$250K Dwelling / $125K Personal Property / $200K LiabilityAverage Annual Premium$1,172
$500K Dwelling / $250K Personal Property / $300K LiabilityAverage Annual Premium$2,013
$750K Dwelling / $375K Personal Property / $500K LiabilityAverage Annual Premium$2,867

Average Cost of Home Insurance in Wisconsin by Insurer

Even for similar coverage levels, Wisconsin homeowners insurance premiums can vary among providers. For instance, a policy from Chubb might cost less than the state average, while Foremost Insurance may offer a policy at a higher price point.

Wisconsin has plenty of top-notch providers. Yet differences in underwriting can lead to a range of premium costs, so it's wise to compare options.

Average Annual Home Insurance Premium in Wisconsin by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
ChubbAnnual Premium$1,030
State FarmAnnual Premium$1,068
AllstateAnnual Premium$1,085
Auto-Owners InsuranceAnnual Premium$1,095
NationwideAnnual Premium$1,134
USAAAnnual Premium$1,229
American FamilyAnnual Premium$1,267
Foremost InsuranceAnnual Premium$1,466

Average Cost of Home Insurance in Wisconsin by Credit Score

In Wisconsin, homeowners with poor credit face an average cost of $2,777 for coverage, $1,605 more than the overall state average. Meanwhile, those with excellent credit pay an average annual premium of $928, $244 less than the overall average.

While you may not be able to improve your credit score immediately, you can improve it over time to lower your rates. In the meantime, you can compare insurers to see which will give you the most savings. In less than 15 minutes, you can find the most affordable insurers in Wisconsin for your unique needs.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
PoorAnnual Premium$2,777
Below FairAnnual Premium$2,044
FairAnnual Premium$1,529
GoodAnnual Premium$1,172
ExcellentAnnual Premium$928

Average Cost of Home Insurance in Wisconsin by Construction and Roof Type

Roofing type can influence homeowners insurance premiums. Roofing materials, such as asphalt shingles, impact a home's durability and risk profile. In Wisconsin, homes with generally more resilient tile roofs may see slightly lower insurance costs than shake-treated roofs, which hare more susceptible to weather-related damage.

Construction type also plays a role in determining insurance rates. Materials that make a home more resistant to certain perils, like fire, can positively affect premiums. For instance, Wisconsin homes built with superior construction materials tend to have lower insurance costs than standard frame construction, which is less damage-resistant.

Check the tables below to see how your home's materials could affect your insurance premiums.

Average Annual Home Insurance in Wisconsin by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K LiabilityAnnual Premium$678
$250K Dwelling / $125K Personal Property / $200K LiabilityAnnual Premium$1,172
$500K Dwelling / $250K Personal Property / $300K LiabilityAnnual Premium$2,013
$750K Dwelling / $375K Personal Property / $500K LiabilityAnnual Premium$2,867
$1M Dwelling / $500K Personal Property / $1M LiabilityAnnual Premium$3,852

Average Cost of Home Insurance in Wisconsin for Newly Constructed Homes

In Wisconsin, insuring a newly constructed home typically costs less than an existing home due to modern materials and adherence to current building codes. The average annual premium for a new home is $740, showing a $432 decrease from the state's average for older homes. The table below displays how premiums vary between new and existing homes.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)Annual Premium$1,172
New Construction (2023)Annual Premium$740

Average Cost of Home Insurance in Wisconsin by Claims History

In Wisconsin, homeowners with no claims in the past five years pay an average annual insurance premium of $1,172. However, those with one claim within the last five years see an increase in their annual premium to $1,402. If there are two claims in that period, the average yearly premium jumps to $1,551.

Average Annual Home Insurance in Wisconsin by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ yearsAnnual Premium$1,172
1 claim in past 5 yearsAnnual Premium$1,402
2 claims in past 5 yearsAnnual Premium$1,551
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WISCONSIN NATURAL DISASTERS AND HOME INSURANCE

In Wisconsin, natural disasters like tornadoes and flooding pose a high risk to homeowners. While standard home insurance policies often cover tornado damage, you'll need separate flood insurance.

Average Cost of Home Insurance by City in Wisconsin

For the cities we analyzed, we found premiums ranging from $1,093 to $1,263. In Green Bay, homeowners pay an average of $1,093 annually, while Madison residents see an average of $1,123. Milwaukee's average premium is higher at $1,263.

Location affects insurance costs due to varying risks like weather patterns and crime rates. City-based premiums reflect local factors, but other aspects, such as coverage amounts and credit ratings, can also influence costs.

Average Annual Home Insurance Premium by City
Data filtered by:Results filtered by:
Coverages:
Coverages:$250K Dwelling / $125K Personal Property / $200K Liability
Green BayAnnual Premium$1,093
MadisonAnnual Premium$1,123
MilwaukeeAnnual Premium$1,263

How to Shop for Home Insurance in Wisconsin

Getting a good deal on homeowners insurance in Wisconsin is within reach. By taking an intelligent approach to shopping, you can find a plan that fits your needs and budget. Remember, it's not just about the lowest price but the right coverage for your home. Here's how to find the best deal for you.

1
Understand Your Coverage Needs

Assess your home's value and belongings to determine how much coverage you need.

2
Compare Quotes

Check and compare home insurance rates from different insurers online to find the best coverage for your unique needs.

3
Look for Discounts

Ask about bundles or safety discounts for possible savings.

4
Choose a Deductible

Decide on a deductible that fits your budget.

5
Review Company Ratings

Scrutinize insurers to ensure they have concrete claims and customer service reputations.

6
Finalize Your Policy

Purchase coverage that meets your needs.

Bundling Home Insurance With Auto Insurance in Wisconsin

Homeowners can save money by bundling home and auto insurance policies in Wisconsin. On average, a multi-policy bundle allows you to save around 12%, between $145 and $476 annually.

Home Insurance Discounts in Wisconsin

Wisconsin homeowners can capitalize on various insurance discounts to manage costs.

  • Impact-resistant roofing: Installing shingles that resist hail and wind can reduce premiums.
  • Home safety devices: Smoke detectors, burglar alarms and deadbolts may offer savings.
  • Loss-free history: A track record without insurance claims can lead to lower rates.

Remember, to unlock the full spectrum of discounts, inquire during the quote process.

FAQ: Homeowners Insurance in Wisconsin

On average, what is the cheapest insurer in Wisconsin?
Is tornado coverage included in Wisconsin homeowners insurance?
Is flood coverage included in Wisconsin homeowners insurance?
What is the biggest factor that impacts the price of homeowners insurance in Wisconsin?
In Wisconsin, how much can I save on average by bundling my homeowners insurance with auto?

Additional Resources for Homeowners Insurance in Wisconsin

When navigating the ins and outs of homeowners insurance in Wisconsin, having the right resources at your fingertips can make all the difference. Whether you're a new homeowner or looking to update your existing policy, these links offer valuable information to guide you through the process:

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.