Average Costs and Cheapest Homeowners Insurance Companies in Wisconsin

The average cost of homeowners insurance in Wisconsin is $1,257 per year. At an average of $546 per year, Erie is the cheapest insurance provider in Wisconsin for policies with a baseline dwelling coverage of $250,000.

These numbers are for a representative policy and home. MoneyGeek analyzed the insurance costs for different homes and homeowners with different backgrounds in Wisconsin.

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Last Updated: 6/26/2022
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Our analysis evaluated scores of quotes to determine average rates and help you find the most affordable homeowners insurance in Wisconsin based on your unique circumstances.

For instance, for Wisconsin residents who own an expensive home, the cheapest option is Allied. If you have a poor credit score, Auto Owners Insurance Co is the most budget-friendly insurer, and if you own a home with a pool, Erie is the best choice.

MoneyGeek used costs and service measures to break down the best homeowners insurance providers in Wisconsin if you want to balance cost and quality.

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The Cheapest Homeowners Insurance in Wisconsin

The Cheapest Homeowners Insurance Quotes in Wisconsin

MoneyGeek evaluated thousands of quotes in Wisconsin to determine the most affordable company for various dwelling coverages. Our study found that Erie is the cheapest homeowners insurance in Wisconsin for a baseline dwelling coverage of $250,000.

In Wisconsin, the cheapest homeowners insurance changes depending on the dwelling coverage:

  • Cheapest for $100,000: Erie
  • Cheapest for $250,000: Erie
  • Cheapest for $500,000: Erie

You can use the table below to check how much your insurance will cost based on the dwelling coverage you choose. The amount of dwelling coverage you need depends on the replacement cost of your home.

CHEAPEST HOMEOWNERS INSURANCE BY DWELLING COVERAGE

Dwelling Coverage:

$250,000

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How Much Homeowners Insurance Costs in Wisconsin on Average

Your home insurance costs will vary significantly based on how much dwelling coverage you buy. The average cost of homeowners insurance in Wisconsin for a baseline dwelling coverage of $250,000 is $1,257 per year.

The most significant factor that impacts home insurance rates in Wisconsin is the baseline dwelling coverage. A higher dwelling coverage level provides additional protection against damages but you have to pay more.

For example, the average cost for dwelling coverage of $100,000 in the state is $696 per year, whereas it costs $13,355 per year for a policy with a $3 million in dwelling coverage. That’s a difference of around $12,659.

AVERAGE COST OF HOMEOWNERS INSURANCE BY DWELLING COVERAGE

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  • Dwelling Coverage
    Average Annual Premium
  • $100,000
    $696
  • $250,000
    $1,257
  • $500,000
    $2,185
  • $750,000
    $3,087
  • $1,000,000
    $4,080
  • $2,000,000
    $8,493
  • $3,000,000
    $13,355

Find the Cheapest Homeowners Insurance in Wisconsin With MoneyGeek’s Calculator

Factors like the age and value of your home, roof quality, personal belongings and presence of a pool, among others, can affect homeowners insurance rates in Wisconsin. The location of your house is also important because regions with more exposure to risks typically have higher home insurance premiums.

You can modify your dwelling coverage limits, deductible and other limits in your policy to get an idea of how home insurance rates vary based on your requirements.

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Home Insurance Calculator

State

Wisconsin

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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These are annual estimates. Get a personalized quote to determine your costs.

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The Cheapest Homeowners Insurance Companies for Expensive Homes

MoneyGeek determined average rates in Wisconsin based on the analysis of thousands of quotes with different dwelling coverage limits. Our research found the most affordable home insurance options for expensive homes with a $2,000,000 dwelling coverage limit.

The top two insurers are:

  • Allied: $3,265 per year
  • Erie: $3,783 per year

Homeowners insurance rates typically vary considerably for expensive homes. To determine how much homeowners insurance costs in Wisconsin and get the best rates, it’s important to shop around and compare quotes from multiple providers in the state.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HIGH-VALUE HOMES

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The Cheapest Homeowners Insurance Companies for Newer Homes

MoneyGeek performed an exhaustive analysis by collecting thousands of quotes in Wisconsin to find the cheapest rates for newer homes. We used a sample home built in 2015 and $250,000 in dwelling coverage.

Based on these criteria, the two most affordable companies in Wisconsin are:

  • Erie: $415 per year
  • Travelers: $687 per year

In Wisconsin, insuring a home built in 2000 can be as much as $285 per year more than one built in 2015. It’s worth noting, however, that the numbers for the homes built in 2000 differ from the first section of this guide due to a different ZIP code collection process.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR OLDER HOMES

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The Average Cost of Homeowners Insurance in Wisconsin for Newer Homes

In Wisconsin, insuring a newer home built in 2015 costs around $285 less per year than insuring one built in 2000. In general, insuring older homes is more expensive than newer homes. One of the main reasons for this is that undertaking repairs or rebuilding efforts for older homes tend to be costlier.

Another factor that impacts the cost of insurance is the materials used at the time of construction. These materials may be harder to find, not meet today’s codes or simply cost more to replace. Older homes also have more wear and tear, potentially leading to claims and increased insurance costs.

AVERAGE COST OF HOMEOWNERS INSURANCE BY HOME AGE

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  • Year of Construction
    Average Annual Premium
  • 2015
    $905
  • 2000
    $1,190

The Cheapest Homeowners Insurance Companies in Wisconsin if You Have a Pool

Our analysis also included calculating average rates after reviewing thousands of quotes to find the cheapest insurer in Wisconsin for homes with swimming pools.

The two most affordable insurance companies are:

  • Erie: $492 per year
  • Allstate: $963 per year

Some insurance providers consider swimming pools an extra structure on your property that needs to be insured. This leads to an increase in the valuation of your house and a corresponding increase in your insurance cost.

Furthermore, if you have a swimming pool on your property, you will need additional liability coverage for pool-related injuries and accidents.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HOMES WITH A POOL

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The Average Cost of Homeowners Insurance in Wisconsin for Pool Owners

Although typically it costs more to insure a house with a pool, insurance rates do not differ much for houses with or without pools in Wisconsin. Our research found that the average cost to insure a home without a pool in Wisconsin is $1,190 per year, while the cost to insure a home with a pool is nearly the same at $1,191.

AVERAGE COST OF HOMEOWNERS INSURANCE WITH AND WITHOUT POOL

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  • Have a Pool?
    Average Annual Premium
  • With Pool
    $1,191
  • No Pool
    $1,190

Cheapest Home Insurance in Wisconsin if You Have Poor Credit

MoneyGeek’s comprehensive research gathered thousands of quotes across the state to calculate average home insurance rates for homeowners with poor credit. Based on our study, the two cheapest insurers for these criteria with a baseline dwelling coverage of $250,000 in Wisconsin are:

  • Auto Owners Insurance Co: $1,512 per year
  • Allied: $1,801 per year

Homeowners with poor credit usually have to pay more for home insurance in Wisconsin because insurers consider their credit scores to evaluate rates. Applicants with a low credit score are deemed more likely to file a claim, a risk that increases their cost of insurance.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR POOR CREDIT

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The Average Cost of Homeowners Insurance in Wisconsin by Credit Score

Insurance companies in Wisconsin consider several factors to determine how much you pay for home insurance and your credit score is one of these factors. Generally, the lower your credit score, the higher the cost to insure your home.

Our research found that Wisconsin homeowners with good credit pay an average of $1,219 per year for home insurance, while those with a poor credit score pay $2,616. That’s a difference of $1,397 per year.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CREDIT SCORE

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  • Credit Score
    Average Annual Premium
  • Poor
    $2,616
  • Below Fair
    $1,852
  • Fair
    $1,494
  • Good
    $1,219
  • Excellent
    $1,014

Cheap Homeowners Insurance Quotes in Your Wisconsin City

The cost of your homeowners insurance and the most affordable provider vary depending on where you live in the state.

In Wisconsin, MoneyGeek evaluated home insurance quotes from two cities, Madison and Milwaukee. Our study found that, for a policy with dwelling coverage of $250,000, residents of Madison paid $1,106 per year on average for home insurance while Milwaukee residents paid $1,370. We also found that Erie is the most affordable option for home insurance in both cities.

You can click on your city in the table below to learn more about insurance costs and rates.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CITY

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  • City
    Average Annual Rate
    Cheapest Company
    Average Annual Rate
  • $1,106
    Erie
    $540
  • $1,370
    Erie
    $551

How to Get Cheap Homeowners Insurance Quotes in Wisconsin

To get a tailored quote from an insurance company in Wisconsin, you’ll need to disclose personal information in addition to the estimated value of your property, possessions and any add-ons. Details about your property, such as its current condition and replacement value, are also necessary for a personalized, binding quote.

You can get an anonymous, immediate home insurance quote using MoneyGeek’s calculator. Our tool gives estimated costs based on the thousands of quotes that we averaged and compiled.

FAQs About Home Insurance Costs in Wisconsin

Home insurance rates in Wisconsin depend on multiple factors such as where you live, your background and the insurer you choose. You can read some of the most frequently asked questions to know how much home insurance costs in Wisconsin.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 10 of the top insurance companies in Wisconsin that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Wisconsin. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.