Finding out which companies offer the lowest-priced auto insurance rates for teenagers involves a bit more work than just quoting one company’s rates. Each auto insurer uses a little different formula for establishing rates, so we will examine the most competitive auto insurance companies in Wisconsin.
Best Insurance Companies for Teens
|Rank||Company||Cost Per Year|
|7||Rural Mutual Insurance||$772|
|13||West Bend Mutual||$926|
|15||Auto Club Group||$977|
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USAA may offer some of the best car insurance rates in Milwaukee at around $604 each year. Partners Mutual, Erie, Rockford Mutual, and Nationwide would also be considered some of the cheapest Milwaukee, WI auto insurance companies.
As the rates illustrate above, if you are insured with Erie and switched to USAA, you might see a yearly price reduction of about $113. Policyholders with Rockford Mutual could save as much as $142 a year, and Nationwide policyholders might reduce prices by as much as $148 a year.
These rates are averages across all types of insureds and vehicles and do not take into consideration a vehicle location for teenagers. So the company that fits you best may not even be in the top 30 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
For teen drivers, one of the big things that are looked at to help calculate the price you pay for insurance is where you choose to live. Regions with more people or even just more weather-related claims are more likely to pay higher prices, whereas areas that tend to be more rural tend to receive cheaper rates.
The information below sorts the highest-priced areas in Wisconsin for teenagers in which to buy car insurance. Milwaukee is ranked at #1 with the annual price of $1,396 for coverage, which is about $116 each month.
|Rank||City||Average Per Year|
|19||Fond du Lac||$995|
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Rate information is approximated as the specific Milwaukee residence address can increase or decrease auto insurance rates substantially.
The example below demonstrates how deductible levels can influence insurance costs when quoting cheap insurance for teenagers. The data assumes a married male driver, comp and collision included, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could pocket $160 a year by increasing from a $100 deductible to a $500 deductible, or save $242 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, could shave $536 annually by using higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it is important to have enough in a savings account to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Types of discounts on Milwaukee insurance rates
Insurance providers that offer cheap quotes for teenagers may have special discounts that can lower rates by as much as 40% or more if you meet certain criteria. A list of companies and their offered discounts can be read below.
- GEICO may have discounts that include five-year accident-free, membership and employees, anti-lock brakes, anti-theft, good student, and driver training.
- MetLife offers discounts for claim-free, good student, good driver, multi-policy, accident-free, and defensive driver.
- State Farm has savings for student away at school, defensive driving training, Steer Clear safe driver discount, anti-theft, good driver, and Drive Safe & Save.
- Progressive offers discounts including online quote discount, homeowner, multi-vehicle, continuous coverage, multi-policy, and good student.
- Mercury Insurance includes discounts for ease of repair, good driver, good student, age of vehicle, multi-policy, multi-car, and annual mileage.
- 21st Century has discounts for good student, 55 and older, air bags, automatic seat belts, and driver training.
- Allstate discounts include utility vehicle, EZ pay plan discount, premier discount, farm vehicle, passive restraint, and multi-policy.
The information below shows the difference between insurance prices with and without policy discounts. The information is based on a male driver, a clean driving record, no claims, Wisconsin state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with continuous coverage, anti-theft, vehicle safety, good student, paid-in-full, and paperless filing discounts applied. When discounts are applied, theamount saved on auto insurance for teenagers is 28% or $466.
Auto insurance companies ranked
Choosing a highly-rated car insurance provider can be challenging considering how many different insurance companies sell coverage in Wisconsin. The ranking information displayed below could help you analyze which coverage providers you want to consider when shopping your coverage around. These ratings only include large insurance companies, so smaller regional companies are not taken into consideration for these rankings.
Top 10 Large Auto Insurance Providers in Milwaukee Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Top 10 Large Auto Insurance Providers in Milwaukee Ranked by Value
- AAA Insurance
- Erie Insurance
- Liberty Mutual
- State Farm
- Safeco Insurance
- 21st Century
The agents listed below can most likely help you decide which coverages are best, since some drivers wish to get some guidance when comparing insurance rates for teenagers. It can be challenging to find coverage yourself, and using a licensed agent can give you peace of mind knowing your coverage gives you enough coverage if you have a claim. To locate a Milwaukee car insurance agency by location nearest to you, click the button at the bottom or click here to compare rates now.
- Allstate Insurance: Tom Hoffman
2090 Miller Park Way – West Milwaukee, WI 53219 – (414) 384-1200
- Len Cratic Jr – State Farm Insurance Agent
10721 W Capitol Dr #127 – Milwaukee, WI 53222 – (414) 527-4288
- American Family Insurance – Gregory Felzer
790 N Milwaukee St #110 – Milwaukee, WI 53202 – (414) 224-9000
- American Family Insurance – Angelica Angel
5220 S 27th St – Milwaukee, WI 53221 – (414) 282-3600
- Philleo Agency Insurance
12555 W Burleigh Rd – Brookfield, WI 53005 – (262) 432-4200