Insurance
Wisconsin Home Insurance Calculator: Free Cost Estimator (2024)
Updated: May 22, 2024
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MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
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Rates updated:
Jul 26, 2024
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MoneyGeek compared quotes from multiple insurers in the state to help you find cheap Wisconsin homeowners insurance.
However, if you're trying to get the best homeowners insurance in Wisconsin while still considering cost, MoneyGeek also researched those policies.
We compared quotes from different providers to help you choose the service that most closely meets your needs.
How to Estimate the Cost of Your Homeowners Insurance Policy in Wisconsin
Wisconsin's average home insurance cost is based on your needs and profile. Your rates are affected by the age, features and rebuilding costs of your house, as well as your location, credit history and policy options.
Use the MoneyGeek Wisconsin Homeowners Insurance Calculator below to estimate your insurance premiums. Simply enter the appropriate data in the fields.
Wisconsin
Homeowners insurance prices are influenced by where your residence is. Insurance companies consider your property riskier to cover if your area has many threats like crime, fires or natural disasters. If your area is considered risky, your premium may be higher. Conversely, your premium will likely be smaller if your area is safe.
Dwelling Coverage
This pays for repairing or rebuilding the physical structure of your house if the damage is covered.
A qualified home appraiser can figure out your home's replacement value. You may also ask your insurance provider for assistance in calculating the amount.
The average dwelling coverage in Wisconsin is $250,000.
Deductible
The deductible is how much you must spend out of pocket before your insurance begins to pay for a claim.
For instance, if you have a $1,000 deductible, you must pay $1,000 before your insurance pays for any costs. With a $10,000 claim, you spend $1,000. Then your insurance should pay $9,000.
Larger deductibles usually mean cheaper monthly rates.
Liability
Liability insurance pays expenses if someone is injured or has property damaged at your covered dwelling. This only happens if they aren't determined to be at fault.
Legal fees, replacement costs, medical charges, pain and suffering and death benefits are often covered.
Purchase enough liability insurance to safeguard your assets. It costs a few dollars each month to increase your liability limits significantly.
Personal Property
Apart from your home, everything you possess is covered by personal property insurance. This can include clothing, electronics, furniture and other belongings you may want help replacing if the worst happens.
Use the calculator below to figure out how much personal property coverage you need.
Credit Score
Insurance companies consider your credit score when determining your home insurance premiums in Wisconsin.
Companies believe homeowners with lower credit scores are more likely to make claims, and therefore are riskier to insure. If you have bad credit, the cost of your homeowners insurance in Wisconsin will likely be higher.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Average Cost of Home Insurance in Wisconsin
Wisconsin homeowners insurance averages around $1,475 per year for $250K in dwelling coverage. This is 39% less than the national average.
The table below breaks down the average costs of Wisconsin homeowners insurance by different dwelling coverage levels. This table could be beneficial if you want coverage higher or lower than average.
Average Annual Premium in Wisconsin for Homeowners Insurance
| $100,000 | Average Annual Premium$1,078 |
| $250,000 | Average Annual Premium$1,475 |
| $500,000 | Average Annual Premium$3,503 |
| $750,000 | Average Annual Premium$4,971 |
| $1,000,000 | Average Annual Premium$6,501 |
| $2,000,000 | Average Annual Premium$13,111 |
| $3,000,000 | Average Annual Premium$20,201 |
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You need enough insurance to cover the cost of a total home rebuild. Factors like height, square footage and building materials affect the estimated replacement cost. An appraiser can help you figure out potential reconstruction costs.
An incorrect home insurance estimate in Wisconsin could incur additional costs if you need to rebuild your home. However, you can get an extended replacement or inflation guard coverage for added security.
Average Cost of Home Insurance in Wisconsin Cities
The cost of homeowner insurance might greatly vary depending on where you live. Looking at the MoneyGeek table below, which shows the premiums for numerous Wisconsin cities, you can see how much prices vary from city to city.
Average Annual Premium in Wisconsin Cities for Homeowners Insurance
| Madison | Average Annual Premium ($100K Dwelling Coverage)$954 | Average Annual Premium ($250K Dwelling Coverage)$1,314 |
| Milwaukee | Average Annual Premium ($100K Dwelling Coverage)$1,171 | Average Annual Premium ($250K Dwelling Coverage)$1,626 |
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Allstate is MoneyGeek's pick as the best Wisconsin homeowners insurance company if cost isn't a concern. To help choose the best provider for your needs, we hand-picked the top homeowners insurance companies for various profiles.
Frequently Asked Questions About Home Insurance in Wisconsin
Wisconsin homeowners insurance premiums vary based on your profile, house and insurer. To help you find the right coverage, MoneyGeek has answered the frequently asked questions about homeowners insurance in the state.
How much does homeowners insurance cost in Wisconsin?
In Wisconsin, homeowners insurance typically costs around $1,475. According to our data, the state's premiums are 39% cheaper than the national average, making it the 15th least expensive state for homeowners insurance in the country.
How do I know how much dwelling coverage to get?
Wisconsin has a $250,000 average for dwelling coverage, but depending on your home, you might need less or more. You can either work with your insurance company or a professional assessor to determine how much dwelling coverage you need.
Insurance
Methodology
To determine the average cost of homeowners insurance in Wisconsin, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This typical home profile consists of the following:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
About Mark Fitzpatrick
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.