What is the Average Cost of Car Insurance in Milwaukee?

Although most people associate Milwaukee with beer production, with a population of 590,157 it is the largest city in Wisconsin and the fifth largest in the Midwest. Although half a million people may not seem like many when compared to New York or Houston, the Milwaukee Metropolitan area spans four counties and has a population of 1,572,245, roughly a quarter of the entire state population.

The average household in Milwaukee owns two vehicles, and the average commute time to work is 22 minutes each way and add to that the usual city congestion (the city includes two interstate highways). Despite the large number of travelers in 2010, Forbes ranked Milwaukee as the fourth best city for commuters due to the efficient layout of the road system.

With that many vehicles on the road, commuters in Milwaukee have one thing in common: they are all required to carry insurance in order to legally register and drive each car, and that can be confusing when it comes time to insure your vehicle. Many different factors are taken into consideration to determine an insurance rate or premium, and rates are different for each person who insures a vehicle.

What is Required for Milwaukee Drivers?

The State of Wisconsin Office of the Commissioner of Insurance states you are required to carry a minimum insurance of $25,000 for injury or death of one person, $50,000 for injury or death of two or more people, and $10,000 for property damage. In addition, your policy must include uninsured motorist coverage of at least $25,000/$50,000 each, for bodily injury only.

While those amounts are the minimal requirement, it’s important to consider exactly what you’re purchasing when choosing a policy. If you’re found at fault in an accident, $25,000 for injury may seem like plenty, but keep in mind that the average cost of an emergency room visit alone is around $14,000 and the average crash-related hospital stay costs $56,674. Likewise, $10,000 property damage may seem adequate until you consider the cost of a new vehicle, not to mention what might happen if you hit a higher end sports car.

You should also consider riders to your policy. An example is coverage for theft: Milwaukee had 5,561 auto thefts in 2018 and ranks 56th in the country for thefts according to the National Insurance Crime Bureau (NICB).

Most Expensive and Least Expensive Insurance Rates by Zip Code

Cheap Car Insurance in Milwaukee by Insurer

Your insurance rate is determined by many factors such as age, education, sex, credit history, and driving record. That being said, there are some insurance companies which consistently offer lower rates than their competitors and are featured in the following chart. Keep in mind these are average rates; yours may be higher or lower.

Check out our guide to find cheap auto insurance rates close by.

Low Cost Auto Insurance for Bad Credit in Milwaukee

As mentioned previously, your credit score is also used to determine your car insurance rate. Because of that fact, the following companies specialize in offering policies for those with less than stellar credit histories; again, your own rate will most likely be different than the rates shown in the chart.

Use this guide to find cheap auto insurance coverage with bad credit.

Full Coverage Vs. Liability Coverage

What is Liability-Only?

Liability-only coverage means that you are only paying to cover the cost of damage that you do to other people and their property in the event you are at fault in an accident. It covers the costs of medical bills for people you injure or repair costs for property you damage.

It is a good idea to carry more liability insurance than these minimum amounts required by the state of Wisconsin because you will be personally financially liable if you are in an accident and cause more damage to people or property than the state’s minimum required coverage levels.

What does Full Coverage Insurance Cover?

Full coverage insurance not only covers the cost of the people and things you might harm when you are in an accident that is your fault. It also covers the cost of any repairs that your property or vehicle might need if you are in an accident that is your fault.

There are two main types of coverage beyond liability coverage:

Collision – This type of insurance covers the cost of repairs to your vehicle or your property that you might damage in an accident in which you are at fault.

Comprehensive – This type of insurance covers the repair costs for your vehicle when one of those unusual things happen that are outside of your control, like weather-related damage to your vehicle, theft, vandalism, and deer stepping in front of your vehicle as you drive.

What is the Difference Between the Two Types of Car Insurance?

The main difference between liability and full coverage insurance is that full coverage will cost more than liability insurance and this is because it protects you against many more possible risks that liability doesn’t cover.

In addition, liability insurance only covers other people’s injury claims and damages to other vehicles where full coverage will cover other’s injuries and vehicle damages as well as your injuries and damage to your own vehicle.

Average Annual Car Insurance Rates in Wisconsin by City

Additional cities in Wisconsin you can check out.


Utilize These Auto Insurance Discounts to Get a Lower Rate

There are many car insurance discounts and ways to save on your policy in Milwaukee:

  • Raise your deductible

    If you are willing to pay more money for a deductible, in the event of an accident, then you can lower your insurance rates substantially. You can lower your premium to around 10% just by raising your deductible to around $1,000.

  • Drop Collision Coverage on Old Cars

    Dropping collision coverage on older cars can really help save you a lot, especially for cars that are more than ten years old and only worth four or five thousand dollars. Think about it, if you have an accident while driving an older car, are you really going to pay to repair it or just buy a new car?

  • Check Insurance Rates for Your Car’s Make and Model

    The make and model of your car can make a big difference in how much you pay for auto insurance. Therefore, before purchasing a new car, be sure and check the insurance rates for it as some can be much higher than others.

  • Shop Around to Check Rates from Numerous Insurance Companies

    The chart in this article should be enough proof to know that there can be a big difference in what various insurance companies charge for auto insurance. That is why it is a good idea to check rates from a number of insurance companies before deciding which plan to choose.

  • Drive Fewer Miles

    One of the questions asked when applying for auto insurance rates, is how many miles you drive regularly. This is because the more miles you drive, the more risk you are to the insurance company and the higher your insurance cost will be. Try to drive fewer miles, if possible, to save more money on your premiums.

  • Maintain a Good driving record

    Being a safe driver can not only save your life, but it can also save you a lot of money, too. There is a big difference in how much people with accidents on their record have to pay, and what those without any accidents pay. Therefore, always drive safely.

  • Live in a less populated area

    Your location matters when it comes to auto insurance rates. If you live in a highly populated area, your rates will be higher than if you live in a lower-population area. The Jefferson and New Orleans areas have some of the highest rates in Louisiana, but if you live just 30 minutes outside of the city, you can expect your rates to go down.

Learn more about driver discounts for car insurance rates here.

What are the Factors that Affect Your Milwaukee WI Car Insurance Premiums

Because of the traffic issues in the area, “State” car insurance rates can be quite high based on the area you live in. The risk factors are higher where there is more traffic, so the area is one important factor in your auto insurance rates. As we have seen, other factors that affect your car insurance rate include your age, marital status, how many cars and drivers you have in your household, your driving record, what type of coverage you need, the age and type of your vehicle, the insurance agency, and the average mileage you drive each year. These factors can make huge differences in how much money you have to spend each year on automobile insurance.

Since insurance rates can fluctuate from company to company, it is important that drivers thoroughly educate themselves about automobile insurance and shop around in order to find the very best deal. You literally can save a thousand or more dollars per year by getting quotes from several carriers.

If you have a bad driving record and need cheap insurance, compare rates here.

Helpful Milwaukee, Wisconsin Vehicle Resources:

Live Traffic and Accidents

DMV (Find Locations, Vehicle Registration, Titles and Insurance Info)


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