What Auto Insurance is Cheapest for Good Students in Milwaukee?

The vehicle you are seeking coverage for is probably the most important factor that determines whether or not you find the best car insurance for good students. Vehicles with economical engines, good safety features, or low incidents of liability claims will cost less to insure than higher performance models.

The next list estimates coverage costs for a handful of the most affordable vehicles to insure.

Cheapest Vehicles to Insure in Milwaukee, WI
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 4WD $5,617
Ford Escape Limited 2WD $5,627
Honda Accord EX-L 4-Dr Sedan $5,993
Toyota Prius $6,052
Honda Odyssey LX $6,155
Toyota Tacoma 4WD $6,217
Ford Explorer XLT AWD $6,225
Chevrolet Impala LS $6,531
Ford Edge SE AWD $6,536
Chevrolet Malibu LS $6,593
Nissan Altima 2.5 4-Dr Sedan $6,601
Dodge Grand Caravan Hero $6,593
Toyota RAV4 Limited 4WD $6,600
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Table data assumes single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location information which can affect premiums noticeably.

Based upon these rates, you can expect makes and models like the Honda CR-V, Ford Escape, Honda Accord, and Toyota Prius are going to be the most affordable vehicles to insure for student drivers.

Finding low-priced insurance is confusing at best, and figuring out which company has the cheapest insurance rates for good students requires even more rate comparisons. Each insurer has their own guidelines for setting prices, so we’ll take a look at the most affordable insurance companies in Milwaukee, WI.

Best Insurance Companies for Students

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What’s the cheapest car insurance in Wisconsin?
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $608
3 Erie $717
4 Rockford Mutual $732
5 Nationwide $745
6 Pekin Insurance $752
7 Rural Mutual Insurance $772
8 Western National $777
9 Integrity Mutual $786
10 Travelers $804
11 State Farm $896
12 West Bend Mutual $917
13 The Hartford $940
14 Auto Club Group $948
15 General Casualty $954
16 Auto-Owners $1,126
17 American Family $1,137
18 Farmers $1,141
19 Progressive $1,164
20 GEICO $1,190
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USAA has some of the most affordable car insurance rates in Milwaukee at around $580 a year. Partners Mutual, Erie, Rockford Mutual, and Nationwide would also make the list of some of the lowest-priced Milwaukee, WI insurance companies.

In this example, if you are currently insured with Rockford Mutual and switched to USAA, you could realize savings of in the vicinity of $152. Drivers with Nationwide might save as much as $165 a year, and Pekin Insurance customers might lower prices by $172 a year.

Be aware that those policy prices are averaged for all types of insureds and vehicles and and are not figured with an exact zip code location for good students. So the auto insurance company that fits you best may not even be in the top 30 companies in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

Discount Milwaukee car insurance

Save on insurance for student drivers in MilwaukeeInsurance providers that provide coverage for good students may also provide premium discounts that can reduce rates by as much as 25% or more if you are eligible to receive them. A few popular companies and a selection of discounts are detailed below.

The diagram below shows the difference between car insurance rates with and without policy discounts. The information is based on a female driver, no claims or driving violations, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with continuous coverage, passive restraint, paid-in-full, vehicle safety, good student, and anti-theft discounts applied. When these discounts are applied, theaverage amount saved on insurance for good students is 28% or $337.

The diagram below illustrates how your choice of deductibles can change annual premium costs when searching for cheap insurance for good students. The rate quotes are based on a single female driver, full coverage, and no discounts are factored in.

The chart above illustrates that a 40-year-old driver could cut expenses by $182 a year by switching from a $100 deductible up to a $500 deductible, or save $276 by selecting a $1,000 deductible. Youthful drivers, like the age 20 example, could potentially save as much as $462 or more just by choosing higher deductibles when buying full coverage.

If you do raise deductibles, it is necessary to have additional funds squirreled away to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Insuring your vehicle with the right insurance provider can be difficult considering how many companies there are to choose from in Wisconsin. The company rank data listed below could help you pick which auto insurers you want to consider when shopping car insurance rates for good students. The rankings below are only comprised of the largest companies in the United States, so companies that may only write in Wisconsin are not factored into these rankings.

Top 10 Major Auto Insurers Overall in Milwaukee

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Why you should compare rates

Milwaukee insurance rates are determined by lots of factors that can increase the price of coverage. Getting older, buying a different vehicle, or getting a couple of tickets can trigger price changes resulting in some companies being cheaper than competitors. Not only that, but insurers file new Wisconsin car insurance rates without warning to adjust for unexpected claims or profits. Significantly higher losses can cause higher priced premiums, while profitable underwriting can produce cheaper Milwaukee car insurance rates.

For example, the chart below demonstrates which company has the cheapest car insurance in Milwaukee, WI for a 45-year-old male driver with a clean driving record, no accidents, and great credit. If we estimate prices based on his personal risk profile, USAA might offer the lowest car insurance rates in Milwaukee at $893 a year. This is $268 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Rockford Mutual, Erie, and Rural Mutual Insurance also make the list of the cheapest Milwaukee, WI auto insurance companies.

Now we will pretend the driver from the first example an accident claim, less-than-perfect credit, and a couple of points charged on his driving record. Because each insurer uses their own calculation for establishing rates, analyzing rates may now result in a slightly different list of the cheapest car insurance companies in Milwaukee as shown below.

Integrity Mutual now has the lowest price on auto insurance in Milwaukee with Pekin Insurance, Western National, Travelers, and Partners Mutual also having competitive pricing. This example proves why consumers need to take the time to perform an extensive rate comparison to get the most economical insurance quotes for good students.

Prices can be determined by many factors and change frequently, so the cheapest company the last time you shopped your coverage around may now be costing you a lot of money.