Trying to buy budget auto insurance is confusing at best, and determining which companies quote the lowest-priced auto insurance rates for 4×4 vehicles calls for even more shopping around. Each auto insurance company has a unique formula to set policy rates, so we’ll go over the most budget-friendly auto insurance companies in Wisconsin.
Lowest Insurance Price Quotes for 4×4’s
|Rank||Company||Cost Per Year|
|7||Rural Mutual Insurance||$779|
|12||West Bend Mutual||$917|
|15||Auto Club Group||$968|
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USAA normally has some of the best car insurance rates in Milwaukee at around $598 a year. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are also some of the most economical Milwaukee, WI insurance companies.
As illustrated above, if you have coverage with Pekin Insurance and switched to Partners Mutual, you might realize yearly savings of roughly $144. Wisconsin drivers with Nationwide could save as much as $160 a year, and Rural Mutual Insurance policyholders might realize rate reductions of up to $171 a year.
To find the cheapest coverage for you, click here to get quotes or click through to the companies below.
Understand that those rates are averages for all drivers and vehicles in Wisconsin and and are not calculated with a vehicle location for 4×4 vehicles. So the car insurance company that can offer you the best rate may not even be in the top 30 companies shown above. That underscores the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
For off-road vehicles, one of the big considerations that help determine car insurance rates is your zip code. Regions with larger populations or more claims are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The next table shows the most costly cities in Wisconsin for 4×4 vehicles in which to purchase auto insurance. Milwaukee is ranked at #1 with a yearly cost of $1,354 for the average policyholder, which is around $113 each month.
|Rank||City||Premium Per Year|
|22||Fond du Lac||$985|
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Premium costs are approximated as the vehicle garaging location can revise coverage prices greatly.
The vehicle model you are seeking coverage for is one of the largest considerations when comparison shopping for low-priced auto insurance for 4×4 vehicles. Vehicles with high performance features, a lack of advanced safety features, or a history of substantial liability claims will cost substantially more to insure than more economical and safe models. The next table estimates insurance costs for a handful of the more affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,701|
|Hyundai Elantra GLS Touring Station Wagon||$1,859|
|Dodge Grand Caravan CV||$1,901|
|Ford Focus S 4-Dr Sedan||$1,971|
|Jeep Wrangler Sport 4WD 2-Dr||$2,003|
|Ford Escape Limited 4WD||$2,024|
|Honda Civic LX 4-Dr Sedan||$2,080|
|Ford F-150 XL Regular Cab 4WD||$2,083|
|Toyota Camry XLE||$2,118|
|Nissan Rogue S AWD||$2,156|
|Honda Odyssey EX||$2,159|
|Ford Explorer XLT 2WD||$2,162|
|Toyota RAV4 Limited 2WD||$2,203|
|Chevrolet Malibu Hybrid||$2,212|
|Ford Edge SE AWD||$2,215|
|Toyota Tacoma Double Cab 4WD||$2,247|
|Honda Accord EX 2-Dr Coupe||$2,265|
|Chevrolet Equinox LT AWD||$2,268|
|Kia Optima LX||$2,356|
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Price information does not factor in vehicle location which can modify price quotes considerably.
Based upon these rates, makes and models like the Honda CR-V, Hyundai Elantra, Dodge Grand Caravan, and Ford Focus are going to be some of the less-costly vehicles to insure for off-road vehicles.
Impact of speeding/accidents on auto insurance rates
The ideal way to get the best auto insurance prices in Wisconsin for off-road vehicles is to be a cautious driver and avoid accidents and keep your driving record clean. The illustration below demonstrates how traffic citations and at-fault claims can affect insurance rates for different insured age categories. The prices are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied.
The data in the chart shows the average cost of car insurance in Wisconsin per year with no violations or accidents is $934. Add in one speeding ticket and the average cost jumps to $1,071, an increase of $137 each year. Now get one accident along with the one speeding ticket and the yearly cost of auto insurance for 4×4 vehicles increases to an average of $1,453. That’s an increase of $520, or $43 per month, just for not keeping your driving record clean!
The illustration below highlights how deductible choice can influence premium costs when searching for cheap insurance for 4×4 vehicles. Data assumes a married female driver, comp and collision included, and no discounts are taken into consideration.
The data above shows that a 40-year-old driver could reduce rates by $158 a year by increasing from a $100 deductible up to a $500 deductible, or save $238 by using a $1,000 deductible. Young drivers, like the 20-year-old example, can cut $390 annually just by choosing higher deductibles.
If you make the decision to raise deductibles, it will now be necessary to have spare funds to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Cost difference between full coverage and liability
Paying less for auto insurance is probably important to most drivers, and an easy way to save on the cost of insurance for 4×4 vehicles is to only pay for liability coverage. The illustration below shows the difference between insurance premiums with and without full coverage. The premium estimates are based on no accidents, no driving violations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
If all age groups are averaged, full coverage costs $1,092 per year more than just buying liability only. That proposes the question if it’s a good idea to buy full coverage. There is no definitive formula for eliminating full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $11,000 after paying your policy deductible. If you are paying over $1,100 annually to have full coverage, then you may need to consider dropping full coverage.
Why it’s important to shop around
Milwaukee auto insurance rates are impacted by many factors which can substantially decrease or increase the policy price. Simply turning a year older, getting divorced, or getting a ticket for running a stop sign can produce rate changes that can make some companies more affordable than the competition. Additionally, companies change prices at least once a year in order to protect their financial rating. Higher than normal claims may result in higher priced premiums, while better underwriting may result in cheaper Milwaukee car insurance rates.
The bar chart below compares the cheapest car insurance in Milwaukee, WI for a 45-year-old male driver with a clear driving record, no claims, and good financial standing. Based on his personal profile, USAA may have the best car insurance rates in Milwaukee at $887 annually. This is $274 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are also on the list of the top five cheapest Milwaukee, WI auto insurance companies.
The chart below compares rates after we give the driver in the first example an accident claim, bad credit, and a traffic citation. Due to the fact that each insurance company has a different formula for establishing rates, getting updated rate quotes may now show a different set of the cheapest car insurance companies in Milwaukee as shown below.
Western National now has the best price in Milwaukee with Rural Mutual Insurance, Integrity Mutual, Travelers, and Partners Mutual completing the list. This demonstrates why it is crucial to perform an extensive rate comparison when trying to get the cheapest car insurance quotes for 4×4 vehicles.
Auto insurance prices are made up of many factors and can increase or decrease at any time, so the best company three years ago may now not even be in the top five.