Cheapest Car Insurance Quotes in Balsam Lake

Finding the cheapest car insurance quotes in Balsam Lake shouldn't be a guessing game. That's why our licensed insurance experts do the heavy lifting for you, analyzing rates from dozens of top companies to find you the best deal.
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Balsam Lake Car Insurance

^$ 23

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Balsam Lake

The car insurance rate in Balsam Lake is $785 for a six-month policy, which is $108 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $324, making it a popular choice for budget-conscious drivers. Rates in Balsam Lake can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Balsam Lake

$785

Avg. Car Insurance in Wisconsin

$677

National Average

$1140

Cheapest Car Insurance Companies in Balsam Lake

1st place: AAA

At $324 for a six month policy, AAA offers the cheapest auto insurance rates in the city.

2nd place: West Bend Mutual

West Bend Mutual offers auto insurance rates at $483 for a six-month policy, making it one of the cheapest to insure with.

3rd place: IMT Insurance Company

IMT Insurance Company offers auto insurance rates at $530 for six months, making it the third cheapest auto insurance company in Balsam Lake.

Balsam Lake Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Balsam Lake, WI is AAA, offering policies at just $324 for a six-month term. This is followed by West Bend Mutual, which has an average six-month premium of $483.

At the higher end of the spectrum, Hastings Mutual is the most expensive, with rates reaching $882 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Balsam Lake drivers find the best deals.

Cheap Car Insurance Companies in Balsam Lake, WI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
AAA	$324	$55
West Bend Mutual	$483	$80
IMT Insurance Company	$530	$90
Auto-Owners Insurance Co	$537	$89
Chubb	$551	$94
Acuity	$593	$100
American Family	$600	$101
Travelers	$614	$103
Erie	$717	$121
USAA	$834	$140
Rockford Mutual	$875	$148
Nationwide	$944	$159
Rural Mutual	$972	$165
State Farm	$972	$164
Progressive	$1137	$191
Farmers	$1212	$202
Allstate	$1406	$237
Secura	$745	$124
Hastings Mutual	$882	$150

Key Takeaways

Way's key takeaways about car insurance in Balsam Lake

The auto insurance costs in Balsam Lake fall around $324 for six months.
The cheapest auto insurance company in Balsam Lake is AAA.
Teen drivers pay the highest rate in Balsam Lake at $741 per month.

High Rates Shouldn’t Drive You Out of Pocket.

Save up to $971/yr with our auto insurance quotes

Cheapest Minimum Liability Car Insurance in Balsam Lake

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Balsam Lake are given below.

AAA provides the cheapest minimum car insurance coverage in Balsam Lake. Their Average 6 Month Premium is $138. Secura is the most expensive at $186 for the same period.

Cheapest Liability Coverage in Balsam Lake, WI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
AAA	$138	$23
Rural Mutual	$152	$26
Western National	$166	$28
Erie	$186	$31
USAA	$200	$34
West Bend Mutual	$206	$35
Auto-Owners Insurance Co	$213	$36
Acuity	$220	$37
American Family	$227	$38
Travelers	$227	$38
Progressive	$234	$39
Chubb	$241	$41
State Farm	$262	$44
Farmers	$406	$70
Allstate	$537	$90
Secura	$186	$31

Cheapest Full Coverage Car Insurance in Balsam Lake

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Balsam Lake is AAA at $55 per month and $324 for six months.

Cheapest Full Coverage Car Insurance Quotes in Balsam Lake, WI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
AAA	$324	$55
West Bend Mutual	$483	$80
IMT Insurance Company	$530	$90
Auto-Owners Insurance Co	$537	$89
Chubb	$551	$94
Acuity	$593	$100
American Family	$600	$101
Travelers	$614	$103
Erie	$717	$121
USAA	$834	$140
Rockford Mutual	$875	$148
Nationwide	$944	$159
Rural Mutual	$972	$165
State Farm	$972	$164
Progressive	$1137	$191
Farmers	$1212	$202
Allstate	$1406	$237
Secura	$745	$124
Hastings Mutual	$882	$150

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Average Car Insurance in Balsam Lake by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Balsam Lake, WI increasing?

Despite maintaining a clean driving record, your car insurance rates in Balsam Lake, Wisconsin, may be increasing due to several external factors. Wisconsin has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Balsam Lake's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Balsam Lake

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	USAA	$556
30s	USAA	$447
40s	USAA	$405
50s	USAA	$384
60s	USAA	$400
70s	USAA	$493

Cheapest Car Insurance Rates for Teen Drivers in Balsam Lake,WI

If you are planning to get a car insurance policy for your teenage dependent, AAA provides the cheapest car insurance in the Balsam Lake at $38 per month. At $4444 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
AAA	$227	$38
Travelers	$234	$39
Auto-Owners Insurance Co	$269	$45
Western National	$269	$45
West Bend Mutual	$303	$51
USAA	$999	$168
Erie	$1027	$173
American Family	$1240	$209
Acuity	$1888	$318
State Farm	$2177	$367
Progressive	$3142	$529
Allstate	$4141	$697
Farmers	$4444	$741

Teen Car Insurance Rates in WI by Age

Way Tip

If you are in your twenties USAA is the best choice for car insurance in Balsam Lake.

As young drivers face the highest rates in Balsam Lake, USAA offers the cheapest auto insurance rates at $556 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Balsam Lake, Western National is the cheapest car insurance provider. At $173 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Balsam Lake is Allstate, offering rates of around $2136 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Western National	$173	$29
AAA	$193	$32
West Bend Mutual	$248	$42
Chubb	$276	$46
IMT Insurance Company	$276	$46
Travelers	$324	$55
Acuity	$682	$115
American Family	$785	$132
State Farm	$841	$140
Erie	$909	$153
Progressive	$1061	$179
Allstate	$2136	$363

Escape the Trap of Rising Insurance Costs.

Save up to $971/yr on car insurance rates in Balsam Lake.

Car Insurance Rates with An Accident in Balsam Lake

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Balsam Lake, WI, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Balsam Lake

The cheapest car insurance companies after an at-fault accident in Balsam Lake include Western National and Rural Mutual, offering $173 and $200, respectively. Allstate is an expensive provider with an average six-month premium of $2095.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Western National	$173	$29
Rural Mutual	$200	$34
Auto-Owners Insurance Co	$262	$44
AAA	$269	$45
Chubb	$276	$46
Travelers	$276	$46
West Bend	$289	$49
West Bend Mutual	$345	$59
Auto-Owners	$358	$59
Erie	$551	$93
USAA	$551	$93
American Family	$834	$140
Acuity	$875	$147
State Farm	$882	$148
Farmers	$1667	$278
Progressive	$1854	$312
Allstate	$2095	$353

Balsam Lake Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Balsam Lake WI. For example, the car insurance in Balsam Lake after a DUI increases to $916 for a six month policy. While the rate increases by $201 for a six-month policy in the case of a speeding ticket.

Balsam Lake auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$985	$165
One Med/PIP claim	$992	$168
Not-at-fault accident	$1034	$173
One comp claim	$1047	$179
Two Med/PIP claims	$1061	$176
Failure to show documents	$1075	$183
Driving with expired registration	$1102	$183
Failure to wear a seat belt	$1109	$189
Two comp claims	$1130	$188
Driving without lights	$1172	$200
Child safety restraint	$1179	$196
Speeding 6 - 10 MPH over limit	$1186	$202
At-fault accident - less than $1000	$1199	$200
Cell phone violation	$1206	$205
Driving too slowly	$1212	$202
Failure to yield	$1212	$206
Speeding in school zone	$1212	$202
Illegal turn	$1219	$208
Speeding 11 - 15 MPH over limit	$1219	$203
Speeding 16 - 20 MPH over limit	$1219	$208
Texting while driving	$1219	$203
Wrong way/wrong lane	$1219	$208
Failure to stop at a red light	$1233	$205
Following too closely	$1233	$210
Improper passing	$1268	$211
Passing school bus	$1289	$219
In 65 MPH zone	$1357	$226
At-fault accident - $1000-$2000	$1413	$240
Speeding 21 - 25 MPH over limit	$1413	$235
Operating a vehicle without permission	$1420	$241
At-fault accident - greater than $2000	$1427	$238
Open container	$1440	$245
Reckless driving	$1861	$310
Racing	$1868	$318
Refusal to submit to a chemical test	$1882	$313
Driving with a suspended license	$1888	$321
Leaving scene of an accident/hit and run	$1895	$316
DUI	$1901	$324

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Balsam Lake after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Balsam Lake.

The cheapest car insurance premiums in Balsam Lake are offered by Western National at $173 for a six-month policy. However, it can be as expensive as $1674 with companies like Allstate.

Balsam Lake car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Western National	$173	$29
Chubb	$276	$46
Travelers	$324	$55
West Bend	$386	$64
Kemper	$393	$67
USAA	$724	$122
Erie	$751	$126
American Family	$855	$144
Progressive	$1027	$173
State Farm	$1102	$186
Farmers	$1605	$273
Acuity	$1619	$270
Allstate	$1674	$282

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Balsam Lake are offered by Western National at $173. However, it can be as expensive as $1557 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Balsam Lake after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Western National	$173	$29
AAA	$220	$37
Auto-Owners Insurance Co	$241	$41
Travelers	$269	$45
Chubb	$276	$46
West Bend Mutual	$317	$53
Erie	$490	$82
State Farm	$572	$96
American Family	$579	$97
Acuity	$689	$116
Progressive	$909	$153
Allstate	$1557	$264

Car Insurance Price Trends in Balsam Lake, Wisconsin

Car insurance rates in Balsam Lake have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Balsam Lake rose by $145 in December compared to $142 of November. In other words, there has been an increase by $3 when you compare December and November.

The average cost of liability insurance in the Balsam Lake rose to $39 in December, compared to $37 in November. This represents an increase of $2 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Balsam Lake?

The car insurance in Balsam Lake is $23 per month, which is lower than the national average.

What is the cheapest car insurance in Balsam Lake?

The cheapest car insurance in Balsam Lake is $55 per month for full coverage.

How much is car insurance in Balsam Lake for teenagers?

Car insurance for teenagers costs $227 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Balsam Lake?

The average cost of car insurance is $677 for a six-month policy. It will cost around $132 per month to insure your car in Balsam Lake.

Is car insurance expensive in Balsam Lake?

Car insurance can be expensive in Balsam Lake if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Balsam Lake can be affordable.

Cheapest Car Insurance Quotes in Balsam Lake

Why you can trust Way?

How Much Is Car Insurance in Balsam Lake

Avg. Car Insurance in Balsam Lake

Avg. Car Insurance in Wisconsin

National Average

Cheapest Car Insurance Companies in Balsam Lake

1st place: AAA

2nd place: West Bend Mutual

3rd place: IMT Insurance Company

Balsam Lake Car Insurance Rates by Company

Cheap Car Insurance Companies in Balsam Lake, WI

Way's key takeaways about car insurance in Balsam Lake

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Balsam Lake

Cheapest Liability Coverage in Balsam Lake, WI

Cheapest Full Coverage Car Insurance in Balsam Lake

Cheapest Full Coverage Car Insurance Quotes in Balsam Lake, WI

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Balsam Lake by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Balsam Lake, WI increasing?

Car Insurance Premiums by Age in Balsam Lake

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Balsam Lake,WI

If you are in your twenties USAA is the best choice for car insurance in Balsam Lake.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Balsam Lake

Cheapest Car Insurance Companies after an At-Fault Accident in Balsam Lake

Balsam Lake Car Insurance Rates by Violation

Balsam Lake auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Balsam Lake after a DUI

Balsam Lake car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Balsam Lake after Speeding ticket

Car Insurance Price Trends in Balsam Lake, Wisconsin

Average Car Insurance Cost in Balsam Lake by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Balsam Lake, WI

Car Insurance Rates by State in the USA (2025 Update)

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