One of the more important components that are used to help calculate the price you pay for insurance is where you keep your vehicle. Areas with more people or even just a higher incidence of claims tend to pay slightly more, whereas more rural areas have the gratification of cheaper auto insurance rates.
The information below sorts the most expensive cities in Wisconsin for low credit scores to buy car insurance in. Milwaukee ranks #2 with an annual premium of $1,354 for the average insurance policy, which is approximately $113 each month.
|Rank||City||Average Per Year|
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Rates are approximated as zip code location can decrease or increase coverage prices substantially.
The type of vehicle needing coverage is one of the main factors in finding low-cost coverage for low credit scores. Vehicles with lots of speed or power, poor safety ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models. The next table outlines insurance rates for a selection of the most budget-friendly vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,678|
|Ford F-150 STX Regular Cab 4WD||$1,878|
|Chevrolet Impala LS||$1,943|
|Ford Escape Limited 2WD||$1,963|
|Hyundai Elantra SE Touring Station Wagon||$2,081|
|Honda Odyssey EX-L W/Navigation||$2,084|
|GMC Sierra SL Crew Cab 4WD||$2,122|
|Nissan Altima 3.5 SR 4-Dr Sedan||$2,131|
|Chevrolet Silverado LS Extended Cab 2WD||$2,131|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$2,160|
|Toyota Tacoma 2WD||$2,231|
|Jeep Grand Cherokee Laredo 4WD||$2,275|
|Toyota RAV4 2WD||$2,282|
|Dodge Ram 3500 Mega Cab SLT 2WD||$2,301|
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rates do not factor in your specific Milwaukee, WI location which can lower or raise auto insurance rates substantially.
By looking at the data, you can conclude that models like the Honda CR-V, Toyota Prius, Ford F-150, Chevrolet Impala, and Ford Escape will definitely be a few of the most affordable vehicles to insure for bad credit.
Deciding which companies have the lowest-priced insurance rates for low credit scores calls for a bit more work in order to find coverage that fits your budget. Every auto insurer uses their own calculation to set their prices, so let’s look at the rankings for the most budget-friendly insurance companies in Milwaukee, WI.
It’s important that readers know that Milwaukee, WI insurance rates are calculated based on many things which can substantially change the price of coverage. Simply having a birthday, getting divorced, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be affordable when they were higher priced.
Find the Cheapest Auto Insurance in Wisconsin
|Rank||Company||Cost Per Year|
|8||Rural Mutual Insurance||$772|
|12||West Bend Mutual||$917|
|14||Auto Club Group||$939|
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USAA normally has some of the cheapest car insurance rates in Milwaukee at around $580 each year. Partners Mutual, Erie, Rockford Mutual, and Nationwide also are some of the lowest-priced Milwaukee, WI insurance companies.
In the rate table above, if you are a customer of Rockford Mutual and switched to Partners Mutual, you might achieve a yearly savings of approximately $100. Wisconsin drivers with Nationwide could save as much as $113 a year, and Pekin Insurance policyholders might lower prices by up to $136 a year.
To find the cheapest rates for your vehicle, click here to start a quote or quote rates from the companies below.
It’s important to note that these prices are averages across all drivers and vehicles in Wisconsin and are not factoring in an exact zip code location for low credit scores. So the insurer that can offer you the lowest price may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.
Discounts on Milwaukee car insurance
Insurance providers that provide policies for low credit scores may also provide policy discounts that could reduce prices by 40% or more if you meet the requirements. Larger insurance companies and the discounts they provide can be read below.
- State Farm includes discounts for good driver, driver’s education, Drive Safe & Save, student away at school, and passive restraint.
- Progressive offers discounts including online quote discount, continuous coverage, homeowner, multi-policy, good student, and multi-vehicle.
- Travelers offers discounts for driver training, continuous insurance, good student, IntelliDrive, hybrid/electric vehicle, early quote, and multi-policy.
- American Family has discounts for multi-vehicle, accident-free, Steer into Savings, early bird, and TimeAway discount.
- Liberty Mutual may include discounts for multi-policy, exclusive group savings, multi-car, hybrid vehicle, and newly retired.
The example below illustrates the difference between car insurance costs with and without discounts being applied to the rates. The data is based on a female driver, no claims or driving violations, Wisconsin state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, marriage, multiple policy, claim-free, accident-free, and defensive driving course discounts applied. When these discounts are applied, the average savings per year on insurance for low credit scores is 27% or $344.
Selecting a high-quality auto insurance company can be a challenge considering how many choices drivers have in Wisconsin. The company ratings shown next may help you select which car insurance companies to look at when trying to find the cheapest insurance for low credit scores.
These rankings include companies that write coverage in many states, so companies that may only write in Wisconsin are not included in these rankings. If you’d like to compare prices from the insurers below and more, simply click here.
|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
The importance of shopping around
Wisconsin insurance rates are determined by lots of factors that control the cost of your policy. Simply having another birthday, increasing deductibles, or having a fender bender can trigger rate changes resulting in some rates now being more affordable than others.
In addition, companies amend premium rates every year as an adjustment for underwriting gains or losses. An extended period of higher than normal claims may cause more expensive premiums, while lower claims may produce lower-priced Milwaukee car insurance rates.
The graph below shows which companies have the cheapest car insurance in Milwaukee, WI for a 45-year-old female driver with no accidents, a clean driving record, and a good credit history. If we look at prices based on her current risk profile, USAA might quote the best car insurance rates in Milwaukee at $852 a year. This is $309 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance are the rest of the top five cheapest Milwaukee, WI auto insurance companies.
The example below compares rates after we give the driver from the above example an accident claim, poor credit, and a couple of points charged on her driving record. Due to the fact that every auto insurer has a unique formula to set their prices, analyzing rates could result in a significantly different list of the cheapest companies as shown below.
Pekin Insurance now has the cheapest insurance rate in Milwaukee, WI with Western National, Nationwide, Travelers, and State Farm also having competitive pricing. This example proves why it is critical to compare lots of rates to find the most affordable insurance rates for low credit scores. Rates are influenced by many factors and change substantially, so the best company a year ago may now be one of the more expensive options.