One of the many things that are used to help calculate the price you pay for insurance is where you call home in Milwaukee. Larger areas tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims tend to receive cheaper rates.
The illustration below lists the most expensive cities in Wisconsin for drivers over age 50 in which to buy car insurance. Milwaukee is ranked at #1 costing $1,368 for coverage, which is approximately $114 each month.
|Rank||City||Premium Per Year|
|21||Fond du Lac||$965|
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Premium amounts are approximated as the specific Milwaukee residence address can decrease or increase auto insurance rates significantly.
Comparing quotes for low-priced car insurance is hard enough, and finding out which company has the most affordable car insurance rates for drivers over age 50 will involve even more perseverance. Every insurance provider has a proprietary formula to set their prices, so first let’s look at the rankings for the car insurance companies that tend to have lower prices in Milwaukee.
It’s important to know that Milwaukee, WI car insurance rates are determined by lots of factors that can increase the policy price. This price variability is why it is critical to spend some time comparing rates when trying to get the most budget-friendly auto insurance quotes for drivers over age 50. Rates can be altered by many different factors and change frequently, so the most economical option when you last compared rates may now cost much more than other companies.
Best Cheap Insurance Rates for Age 50+
USAA quotes some of the cheapest car insurance rates in Milwaukee at around $598 per year. Partners Mutual, Erie, Rockford Mutual, and Nationwide would also make the list of some of the cheaper Milwaukee, WI auto insurance companies.
In the above example, if you are a customer of Erie and switched to USAA, you may realize annual savings of upwards of $105. Insureds with Rockford Mutual may save as much as $148 a year, and Nationwide insureds might cut rates by $177 a year.
These estimates are averaged across all insureds and vehicles and do not take into consideration a vehicle location for drivers over age 50. So the insurer that fits your age and vehicle best may not even be in the top 30 companies shown above. That is why you need to get rate quotes from many companies using your own driver data and vehicle information.
The vehicle needing coverage is a large factor when consumers are trying to find cheaper coverage for drivers over age 50. Vehicles with lower acceleration and performance, a plethora of safety features, or a track record of few liability claims will cost less to insure than high performance models. The data below outlines insurance prices for some of the cheapest vehicles to insure in Wisconsin.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$1,678|
|Ford Escape Limited 2WD||$1,683|
|Volkswagen Jetta S 2.5 Station Wagon||$1,780|
|Ford Edge SE 2WD||$1,803|
|Ford Explorer XLT AWD||$1,841|
|Ford F-150 XLT Super Cab 4WD||$1,879|
|Jeep Grand Cherokee Laredo 2WD||$1,943|
|Toyota Camry LE||$1,950|
|Toyota Tacoma Double Cab 4WD||$1,943|
|Dodge Grand Caravan Hero||$1,953|
|Chevrolet Malibu Hybrid||$1,943|
|Toyota RAV4 Limited 4WD||$1,949|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can change rates considerably.
Based on these rates, you can assume that vehicles like the Honda CR-V, Ford Escape, Volkswagen Jetta, Ford Edge, and Toyota Prius are a few of the cheaper vehicles to insure for older drivers.
Get discount Milwaukee insurance rates
Auto insurance companies that offer cheap quotes for drivers over age 50 may provide rate discounts that can lower rates by as much as 35% if you meet specific criteria. Larger car insurance companies and a selection of discounts are outlined below.
- 21st Century may include discounts for homeowners, early bird, air bags, theft prevention, good student, and 55 and older.
- Progressive offers discounts including multi-policy, homeowner, online quote discount, online signing, continuous coverage, good student, and multi-vehicle.
- State Farm offers premium reductions for anti-theft, student away at school, driver’s education, Steer Clear safe driver discount, defensive driving training, passive restraint, and good student.
- Nationwide discounts include anti-theft, multi-policy, Farm Bureau membership, accident-free, defensive driving, business or organization, and good student.
- Esurance includes discounts for good student, online quote, paid-in-full, defensive driver, multi-car, and safety device.
- The Hartford has discounts for vehicle fuel type, bundle, driver training, air bag, good student, and anti-theft.
The information below illustrates the difference between premium costs with and without discounts applied to the policy premium. The rates are based on a male driver, no tickets, no at-fault accidents, Wisconsin state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with safe-driver, marriage, anti-theft, claim-free, multiple policy, and homeowner discounts applied. With discounts applied, theaverage amount saved on car insurance for drivers over age 50 is 29% or $477.
Buying coverage from a high-quality auto insurance company is difficult considering how many companies provide coverage in Wisconsin. The information below can help you choose which auto insurance companies you want to consider when shopping insurance around for drivers over age 50.
These rankings are for companies that insure vehicles across America, so companies that focus mainly on Wisconsin business will not be included in these rankings. If you’d like to compare prices from these and other top-rated companies, follow this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Irresponsible driving raises your rates
The easiest method to enjoy the most affordable car insurance premiums for older drivers is to drive safely and not receive tickets or have accidents. The example below shows how violations and accident claims impact annual premium costs for different age groups. The premiums are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
The chart shows that the average cost of car insurance per year with no accidents and a clean driving record is $1,650. Receive one speeding ticket and the average cost hikes up to $1,857, an increase of $207 each year. Now include two accidents along with the one speeding ticket and the annual cost of car insurance for drivers over age 50 jumps again to an average of $3,648. That’s an increase of $1,999, or $167 per month, just for not driving attentively!