Finding reliable, reasonably-priced car insurance is difficult, and deciding which company offers the cheapest car insurance rates for 20 year old guys may require even more diligence. Every insurance provider uses slightly different criteria for determining rates in each state, so let’s begin by examining the car insurance companies with the most affordable rates in Milwaukee.
It’s a good idea to know that Milwaukee car insurance rates are determined by lots of factors that control the price you have to pay for coverage. Improving your credit score, having a teen driver, or having an accident can trigger rate changes that may make certain companies way too expensive in comparison to the competition.
Best Auto Insurance Prices for Men Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $586 |
| 2 | Partners Mutual | $614 |
| 3 | Erie | $717 |
| 4 | Pekin Insurance | $745 |
| 5 | Nationwide | $745 |
| 6 | Rural Mutual Insurance | $749 |
| 7 | Rockford Mutual | $754 |
| 8 | Integrity Mutual | $770 |
| 9 | Western National | $777 |
| 10 | Travelers | $796 |
| 11 | State Farm | $896 |
| 12 | General Casualty | $926 |
| 13 | West Bend Mutual | $926 |
| 14 | Auto Club Group | $939 |
| 15 | The Hartford | $940 |
| 16 | Auto-Owners | $1,126 |
| 17 | Progressive | $1,152 |
| 18 | American Family | $1,171 |
| 19 | Farmers | $1,176 |
| 20 | GEICO | $1,226 |
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USAA normally has some of the best car insurance rates in Milwaukee at around $586 a year. This is $575 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Nationwide would also make the list of some of the cheapest Milwaukee, WI auto insurance companies.
As shown above, if you currently buy coverage from Pekin Insurance and switched to Partners Mutual, you could earn yearly savings of about $131. Policyholders with Nationwide might save as much as $131 a year, and Rural Mutual Insurance insureds might realize rate reductions of up to $135 a year.
To find the cheapest coverage for you, click here to start your custom quote or visit several of the following companies.
Understand that those prices are averaged across all types of insureds and vehicles and do not take into consideration an exact location for 20 year old guys. So the company that fits your situation best may not even be in the top 30 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.
One of the more important criteria that help determine the cost of insurance is where you call home in Milwaukee. Areas with more people or higher crime rates are more likely to have higher rates, whereas more rural areas have the luxury of lower rates.
The next table rates the highest-priced areas in Wisconsin for 20 year old guys in which to purchase auto insurance. Milwaukee is ranked #1 with a yearly cost of $1,410 on average, which is around $118 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Milwaukee | $1,410 |
| 2 | Wauwatosa | $1,359 |
| 3 | West Allis | $1,210 |
| 4 | Racine | $1,193 |
| 5 | Kenosha | $1,182 |
| 6 | Greenfield | $1,168 |
| 7 | Oak Creek | $1,154 |
| 8 | Franklin | $1,151 |
| 9 | Beloit | $1,118 |
| 10 | Eau Claire | $1,091 |
| 11 | La Crosse | $1,064 |
| 12 | Waukesha | $1,054 |
| 13 | Wausau | $1,047 |
| 14 | Brookfield | $1,045 |
| 15 | Janesville | $1,042 |
| 16 | Menomonee Falls | $1,037 |
| 17 | Madison | $1,030 |
| 18 | New Berlin | $1,029 |
| 19 | West Bend | $1,007 |
| 20 | Oshkosh | $980 |
| 21 | Green Bay | $969 |
| 22 | Manitowoc | $967 |
| 23 | Fond du Lac | $965 |
| 24 | Sheboygan | $935 |
| 25 | Appleton | $926 |
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Price information shown is estimated as the specific Milwaukee residence address can revise price quotes substantially.
Driving violations and accidents
The easiest method to maintain the best car insurance prices in Milwaukee for young men is to pay attention while driving and avoid tickets and accidents. The diagram below shows how violations and accident claims influence auto insurance rates for each different age category. The data is based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of car insurance in Wisconsin per year with no accidents and a clean driving record is $1,157. Get written up for two speeding tickets and the average cost swells to $1,548, an increase of $391 each year. Now throw in one accident along with the two speeding tickets and the annual cost of car insurance for 20 year old guys goes up to an average of $1,939. That’s an increase of $782, or $65 per month, just for not being attentive to the road!
Types of discounts on Milwaukee car insurance rates
Insurers that offer quotes for 20 year old guys could also offer discounts that can lower rates by as much as 35% if you meet eligibility requirements. Companies and a summarized list of policyholder discounts are:
- Farm Bureau may have discounts that include multi-vehicle, good student, safe driver, driver training, and renewal discount.
- Liberty Mutual policyholders can earn discounts including newly retired, newly married, new move discount, safety features, multi-car, and exclusive group savings.
- State Farm has savings for good driver, Drive Safe & Save, anti-theft, accident-free, passive restraint, and Steer Clear safe driver discount.
- Auto-Owners Insurance offers premium reductions for safe vehicle, paperless, anti-theft, teen driver, air bags, and multi-policy.
- GEICO discounts include five-year accident-free, good student, air bags, defensive driver, driver training, and multi-vehicle.
- SAFECO has discounts for drive less, teen safe driver, safe driver, homeowner, and bundle discounts.
The diagram below illustrates the comparison of insurance premiums with and without some available policy discounts. The data is based on a female driver, no driving violations, no at-fault accidents, Wisconsin state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, passive restraint, paperless filing, paid-in-full, vehicle safety, and good student discounts applied. When these discounts are applied, the average savings per year on car insurance for 20 year old guys is 21% or $219.
Low rates can quickly become overpriced
Milwaukee, WI car insurance rates are influenced by many factors that may substantially change your annual premium. Simply having a birthday, becoming a homeowner, or getting a ticket for running a stop sign may prompt premium changes that may make certain companies cheaper than competitors.
Not only may things change on your end, but insurance companies file new rates every year to ensure their profitability. Heavier than normal losses can result in higher priced premiums, while a better claims history may result in cheaper Milwaukee car insurance rates.
To illustrate this example, the graph below shows a variety of companies that have the cheapest car insurance in Milwaukee, WI for a 40-year-old female driver with no violations or accidents, and excellent credit. Based on her personal profile, USAA might quote the most affordable car insurance rates in Milwaukee at $892 each year. This is $269 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Western National are the rest of the cheapest Milwaukee, WI auto insurance companies.
In this example, we will give the driver from the above example a chargeable claim, less-than-perfect credit, and a few blemishes on her driving record. Because each insurer has a unique approach for determining rates in each state, analyzing rates will most likely result in a different list of the cheapest Milwaukee car insurance companies as shown below.
Pekin Insurance now has the cheapest auto insurance in Milwaukee, WI with Nationwide, Integrity Mutual, Travelers, and Partners Mutual now rounding out the top five. This example illustrates why it is important to shop around with many companies when trying to get the lowest car insurance rates for 20 year old guys. Auto insurance prices can be determined by many risk factors and change substantially, so the best price three years ago may now cost much more than other companies.
Ideas for buying more affordable car insurance for 20 year old guys
Here are a few money-saving suggestions that can help you find low-cost coverage.
- Save money by staying claim-free
- Higher deductibles save money
- Do not get tickets or violations
- Save money by only buying liability coverage for older vehicles
- Avoid having at-fault accidents
- Compare rates and switch if you can find a better deal
That final tip is extraordinarily important, as we noted in this write-up. Insurance rates change frequently, so don’t be afraid to buy from a different company if you find a cheaper price. Staying with the same company for years is fine, but it’s not a good idea if that dedication is costing a fortune every year. Take a few minutes and compare rates to find cheaper insurance for 20 year old guys in Milwaukee.
The insurance agencies below can probably help you decide which coverages are best, as some drivers aren’t sure which coverage they need and prefer to have some advice when comparing insurance rates for 20 year old guys. It can be difficult to find the best coverage yourself, and getting advice from a licensed Wisconsin insurance agent can give satisfaction knowing your coverage gives you adequate coverage when you need it most. To locate an agency in your neighborhood, click the button at the bottom of the list or click here to compare prices now.
- Adams Insurance Service Inc
11046 W Bluemound Rd – Milwaukee, WI 53226 – (414) 257-2070 - Tilley Insurance
12344 W Layton Ave – Milwaukee, WI 53228 – (414) 235-3561 - American Family Insurance – Michael L. Voss
332 N 76th St – Milwaukee, WI 53213 – (414) 257-2121