Shopping around for affordable insurance is easier said than done, and determining which companies quote the most affordable insurance rates for 19 year olds will involve additional perseverance.
Every insurance company uses slightly different criteria for determining rates, so let’s rank the insurance companies that tend to be cheaper in Milwaukee. It’s a good idea to be aware that Wisconsin insurance rates are based on many factors that control the policy price. That is why Wisconsin drivers need to perform a complete rate comparison to find the best insurance quotes for 19 year olds. Auto insurance prices are made up of many factors and change frequently, so the cheapest option two years ago may now be an over-priced policy.
Best Car Insurance Prices for Teens
|Rank||Company||Cost Per Year|
|6||Rural Mutual Insurance||$756|
|11||West Bend Mutual||$899|
|14||Auto Club Group||$948|
|Quote Your Rates Go|
USAA may have some of the best car insurance rates in Milwaukee at around $586 per year. This is $575 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual also make the cut as some of the cheaper Milwaukee, WI insurance companies.
As shown above, if you buy coverage from Erie and switched to USAA, you could earn yearly savings of around $131. Insureds with Nationwide may save as much as $159 a year, and Rockford Mutual insureds might reduce rates by $168 a year.
To see if you’re overpaying, click here to get a free quote or visit any of the low-priced companies below.
Be aware that those policy prices are averaged across all types of insureds and vehicles and and are not figured with an exact location for 19 year olds. So the car insurance company that has the cheapest price for you may not even be in the top 30 companies in the list above. That point stresses why you need to compare as many prices as possible using your own driver and vehicle profiles.
For teenage drivers, one of the more important criteria that are looked at to determine the amount you pay for auto insurance is the neighborhood you call home. Areas with increased crime or more people tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The next table lists the most expensive areas in Wisconsin for 19 year olds to buy car insurance in. Milwaukee shows up at #1 with the annual price of $1,368 for the average policy, which is around $114 monthly.
|20||Fond du Lac||$995|
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Premium amounts are approximated as specific Milwaukee garaging address can raise or lower insurance rates noticeably.
Get discounts on Milwaukee auto insurance rates
Insurers that sell policies for 19 year olds may also give you price discounts that may potentially lower prices by as much as 35% or more if you are eligible for them. A few popular companies and some of the premium reductions they offer can be read below.
- GEICO policyholders can earn discounts including defensive driver, driver training, military active duty, emergency military deployment, and multi-policy.
- SAFECO may have discounts that include teen safe driver, safe driver, accident prevention training, teen safety rewards, and drive less.
- State Farm may include discounts for good driver, Drive Safe & Save, multiple autos, student away at school, anti-theft, and passive restraint.
- MetLife may offer discounts for multi-policy, good driver, defensive driver, good student, claim-free, accident-free
- 21st Century offers discounts including homeowners, anti-lock brakes, early bird, driver training, automatic seat belts, and 55 and older.
- Progressive discounts include continuous coverage, multi-vehicle, good student, homeowner, online quote discount, online signing, and multi-policy.
The example below illustrates the comparison of insurance rates with and without discounts applied to the premium. Data assumes a female driver, no violations or claims, Wisconsin state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, claim-free, homeowner, defensive driving course, accident-free, and multiple policy discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for 19 year olds is 28% or $303.
The diagram below shows how choosing a deductible can change annual premium costs when researching cheap insurance for 19 year olds. The premium estimates are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could cut expenses by $246 a year by changing from a $100 deductible to a $500 deductible, or save $370 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could reduce their rates up to $632 or more by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will be required to have enough funds in savings to enable you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Which insurance company is best in Milwaukee?
Buying coverage from the best car insurance provider can be challenging considering how many choices drivers have in Wisconsin. The company information below may help you pick which car insurance providers you want to consider when shopping around.
These ratings include large nationwide companies, so smaller companies that only insure vehicles in Wisconsin are not factored into the list. If you wish to compare prices from these companies and more, click this link.
Top 10 Major Auto Insurance Providers Overall in Milwaukee
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
What aren’t you shopping around?
Milwaukee, WI insurance rates are influenced by many factors that can increase the cost of your policy. Simply having another birthday, becoming a homeowner, or having an accident may cause policy rate changes that may make certain companies cheaper than others. In addition, auto insurance companies change their prices every year as an adjustment for underwriting gains or losses. Heavy losses may result in additional price hikes, while a lower level of claims can produce lower-cost Milwaukee car insurance rates.
For example, the chart below analyzes the cheapest car insurance in Milwaukee, WI for a 45-year-old female driver with no accidents or violations, and solid credit. If we estimate rates based on her current risk factors, USAA may have the cheapest car insurance rates in Milwaukee at $911 annually. This is $250 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Rockford Mutual also make the list of the cheapest Milwaukee, WI auto insurance companies.
Now we will pretend the driver from the first example a claim, a lower credit rating, and an imperfect driving record. Due to the fact that every auto insurer has their own formula for determining rates, comparing quotes may now result in a substantially altered list of the cheapest car insurance companies in Milwaukee as shown below.
Rural Mutual Insurance now has the cheapest insurance rate in Milwaukee, WI with Western National, Integrity Mutual, Travelers, and Partners Mutual also having competitive pricing. This example illustrates why it is crucial to shop around to find affordable insurance quotes for 19 year olds. Auto insurance prices can be determined by many things and can increase or decrease at any time, so the lowest-price company when you last compared rates may now be costing you a lot of money.