Car Insurance for Milwaukee, Wisconsin

Introduction

The City of Milwaukee is populous, large, and important as far as Wisconsin is concerned. With three of Wisconsin's main intersections passing through the city, one can only imagine driving around the place. If you own a car, it will automatically guide you to an insurance provider as an auto insurance policy is mandatory in all states, including Wisconsin.

The average car insurance rates in Milwaukee are higher than the state and national averages. The reasons for the high insurance rates in the city could be both driving and non-driving factors. What can help you get the best rates is thorough research on the possible options available in the city, along with the discounts and the factors that have an influence on the rates in Milwaukee.

The average car insurance rates, the best insurance companies, and the factors that influence the rates in the city, in particular, will be reviewed here.

How much does car insurance cost in Milwaukee?

The average car insurance rate in the City of Milwaukee is $1656, which is higher than both the national and state averages. It will cost around $468 more to insure your car in Milwaukee.

Auto Insurance Requirements in Milwaukee, Wisconsin

Proof of insurance is mandatory to drive a car in the neighborhood. It is required for renewing the car registration or when the car is involved in an accident. A minimum amount of liability insurance is required for every car owner. However, this doesn't include the collision and comprehensive coverage, which is highly recommended to avoid out-of-pocket expenses.

• $25,000 per person for bodily injury
• $50,000 per accident for injuries to people
• $25,000 of property damage liability coverage
• $25000 per individual for property damage caused by uninsured motorists.

Milwaukee Auto Insurance Premiums by Company

Milwaukee is home to many nationally recognized insurance providers. Comparing the quotes and choosing the ones that best suit your needs is essential to ensure affordable insurance rates in the city. Way.com helps you navigate through this task much easier, helping you finalize the best coverage possible.

The cheapest rates in the city are offered by State Farm and Erie, with average yearly rates of $1236 and $1167, respectively.

Milwaukee Auto Insurance Premiums by Age Group

Like in most other cities, teenagers pay the highest insurance in the City of Milwaukee. The average insurance rate paid by a teenager would be $7023. However, the rates are quite similar when it comes to drivers above the age of 30. The rates may also vary with the neighborhood and the driving history as well.

Milwaukee Auto Insurance Premiums by Marital Status

In Milwaukee, single and married drivers pay a similar insurance rate of $1417 annually. However, married and widowed drivers pay slightly higher rates.

Milwaukee Auto Insurance Premiums by Gender

The auto insurance rates in the city are in fashion with the influence of gender on the insurance rates. In Milwaukee, male drivers pay higher insurance rates than female drivers.

Milwaukee Auto Insurance Premiums by Driving Record

To avoid paying high rates, you must avoid being classified as a high-risk driver if you are not one based on your age. This can only be accomplished by avoiding speeding tickets, DUI charges, and other infractions that require a spotless driving record.

In Milwaukee, reckless driving and DUI violations can increase the premium rates in the range of $686 to $850 on average yearly.

Milwaukee Auto Insurance Premiums by Credit Rating

One of the benefits of maintaining a good credit score is reduced insurance premiums. Many auto insurance companies utilize a credit-based auto insurance score to determine if they will accept you as a policyholder and how much your premium would be.

In the City of Milwaukee, the drivers who maintain a good credit score witness a decrease in insurance rates by at least 61%.

Milwaukee Auto Insurance Premiums by Zip Code

The cost of auto insurance premiums varies greatly depending on your location within the city. This is mostly due to the varying rates of crime, theft, and uninsured motorists. The most expensive ZIP codes in Milwaukee include 53212, 53204, 53203, 53205, and 53206. The cheap ZIP codes in the city are 53154, 53228, 53220, 53217, and 53110.

What would increase your car insurance rates in Milwaukee

Milwaukee Stats

When discussing the factors that are linked to higher insurance premiums in the city, it is important to take into account both the theft rates and accidents. In Milwaukee, the accident rate is way above the national average.

Auto Theft Statistics

The annual motor vehicle theft rate in the United States is 220 per 100,000 persons. However, there were 584 accidents in the city in 2019.

Accident Statistics

The frequency of accidents in an area might contribute to a rise in insurance prices. In the event that you are involved in an accident, you may be classified as a high-risk driver and be required to pay higher insurance premiums.

The accident rates of the City of Milwaukee, Wisconsin, are high, which is a major reason for higher-than-average insurance rates. Based on 2019 data, Milwaukee witnessed forty-eight fatal accidents in 2019.

How to save on auto insurance in Milwaukee, Wisconsin

Shopping around for insurance quotes with different providers can give you a head start on getting the affordable option for you. There are several hacks you can follow to reduce the insurance premium rates.

• Compare and Purchase

Thorough online research can help in choosing the best insurance provider that suits your needs.

• Delay your License

This might not seem to be a welcome move to aspiring teenage drivers. Considering the car insurance premiums for teenagers, there can be a considerable reduction in the rate if you are an older driver in the city. However, one can always make use of good student discounts and bundle your policies to reduce the premiums.

• Increase your Deductible

Even though a higher deductible can reduce your accident claim, it can also reduce vehicle insurance premiums. To make it a feasible option, compare deductible alternatives to discover if a reduced deductible delivers savings, then choose one that meets your budget and comfort level.

• Look for Discounts

Always look for discounts when you are purchasing insurance in Charleston. Most providers give multipolicy discounts, telematics discounts, good driver discounts, and bundling discounts. This can make a huge difference in the premium rates.

Tips for driving in Milwaukee, Wisconsin

Be weather-ready

Understanding the weather of a place is very important for smooth navigation through the city roads, and it saves time as well. One must always check the weather forecast before heading out since frequent rains can influence driving conditions. The city also witnesses severe winter storms as well.

Know the PIP requirements of the state

Wisconsin is an at-fault state. Since PIP isn't available in the state, Wisconsin insurers offer medical payments insurance (often known as MedPay) instead of PIP insurance, covering hospital expenditures incurred due to a car accident.

Best Car Insurance Companies in Milwaukee