For drivers with at-fault accidents, one of the more important criteria that are looked at to help calculate the price you pay for insurance is where you keep your vehicle in Milwaukee. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims profit from lower rates.
The following table ranks the most expensive cities in Wisconsin for drivers with accidents to purchase a policy in. Milwaukee is ranked at #1 with a yearly premium of $1,354 for the average policy, which is around $113 per month.
|Rank||City||Average Per Year|
|25||Fond du Lac||$956|
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Prices are comparative as the specific geographic location can change rates noticeably.
The car, truck, or SUV driven is one of the biggest factors when trying to find the lowest-priced car insurance for drivers with accidents. Vehicles with lower performance, good safety features, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.
The data below illustrates car insurance premiums for some of the more affordable vehicles to insure in Wisconsin.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$3,729|
|Honda CR-V EX-L 2WD||$3,776|
|Jeep Wrangler Sport 4WD 2-Dr||$4,144|
|Ford Edge SE 2WD||$4,385|
|Toyota RAV4 Limited 2WD||$4,420|
|Toyota Tacoma 4WD||$4,435|
|Ford F-150 STX Super Cab 4WD||$4,485|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,558|
|Hyundai Elantra Blue 4-Dr Sedan||$4,602|
|Chevrolet Impala LS||$4,634|
|Ford Focus S 4-Dr Sedan||$4,640|
|Nissan Altima 2.5 4-Dr Sedan||$4,681|
|Chevrolet Malibu Hybrid||$4,686|
|Dodge Grand Caravan Hero||$4,681|
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Data based on married female driver age 50, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific location which can raise or lower auto insurance rates considerably.
Looking at the rates, you can see that cars like the Ford Escape, Honda CR-V, and Toyota Prius are the more affordable vehicles to insure for drivers with at-fault accidents. Car insurance rates will be higher anyway because there is more risk for drivers with accidents, but overall those models will most likely have the best rates that you are likely to find.
Comparison of full coverage and liability-only policies
Finding cheaper car insurance should be important to the majority of people, and an effective way to buy cheaper insurance for drivers with accidents is to buy liability only. The example below shows the comparison of insurance premiums with liability coverage only compared to full coverage. The rate quotes are based on no violations or claims, $500 deductibles, single status, and no discounts are factored in.
Averaged out for all age groups, physical damage coverage costs an extra $1,092 per year more than just insuring for liability. At some point, about every driver wonders if you should buy full coverage. There is no exact rule for excluding physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Cautious Milwaukee drivers save money
The ideal way to earn the most affordable car insurance premiums in Wisconsin for drivers with at-fault accidents is to be a safe driver and avoid at-fault accidents and violations. The diagram below shows how speeding tickets and fender-benders influence car insurance rates for different age categories. Data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in Milwaukee per year with a clean driving record and no accidents is $1,042. Add in two speeding tickets and the average cost rises to $1,432, an increase of $390 each year. Next add two accidents along with the two speeding tickets and the annual cost of car insurance for drivers with accidents goes up to an average of $2,876. That’s an increase of $1,834, or $153 per month, just for not maintaining a clean driving record!
Here’s why price comparisons are so important
Milwaukee, WI car insurance rates are impacted by many things that control the price you have to pay for coverage. Simply having another birthday, marrying your spouse, or having an at-fault accident can trigger rate changes that can now make some companies cheaper than competitors.
Not only may your risk profile change, but car insurance companies change premium rates as often as every quarter in order to offset underwriting gains or losses. Higher than normal claims can cause higher priced premiums, while a better claims history can result in cheaper Milwaukee car insurance rates.
As an example, the chart below demonstrates which company has the cheapest car insurance in Milwaukee, WI for a 35-year-old male driver with a good driving record, no prior claims, and solid credit. If we look at prices based on his current risk factors, USAA may offer the most affordable car insurance rates in Milwaukee at $861 a year. This is $300 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are also included in the best Milwaukee, WI auto insurance companies.
Let’s now give the driver from the above example a claim or two, poor credit, and a few traffic violations. Due to the fact that every auto insurer has their own formula for determining rates in each state, comparing insurance quotes could now result in a different list of cheap Milwaukee auto insurance companies as shown below.
Integrity Mutual now has the lowest car insurance rate in Milwaukee, WI with Rural Mutual Insurance, Western National, Travelers, and Partners Mutual completing the list. This example shows why it is crucial to compare as many rates as possible when trying to find the cheapest auto insurance rates for drivers with accidents. Rates are determined by many different factors and can decrease or increase without notice, so the best price when you bought your policy may now be one of the higher cost companies.
How to find budget-friendly auto insurance for drivers with accidents
The list below summarizes some of the recommended penny-pinching ideas that can help Wisconsin drivers quote more affordable car insurance.
- Drivers with good credit ratings often pay less
- Do not get traffic tickets
- Higher comprehensive and collision coverage deductibles will save money
- Vehicles with safetly features generally cost less to insure
- Avoid preventable accidents
- Comparison shop at least once a year
The last tip is extremely crucial, as was discussed in the prior information. Car insurance prices change frequently, so don’t hesitate to switch to a new company if you can find a cheaper rate.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if it’s costing you a fortune every year. If you have a few minutes, compare prices to find cheaper insurance for drivers with accidents in Milwaukee.
The insurance agencies below are a good start to provide answers to your questions and help you determine which insurance coverage you need, as many people would rather have a little guidance when comparing insurance rates for drivers with at-fault accidents. It can be time-consuming to do it yourself, and a professional agent can provide you peace of mind knowing you have adequate protection.
To locate a Milwaukee car insurance agency in your neighborhood, click the button at the bottom of the list.
1st Light Insurance Services
500 W Silver Spring Dr k200 – Milwaukee, WI 53217 – (414) 393-1950
Allstate Insurance: Tom Hoffman
2090 Miller Park Way – West Milwaukee, WI 53219 – (414) 384-1200
Reilly Insurance Services
3075 S Howell Ave – Milwaukee, WI 53207 – (414) 482-4461
American Family Insurance – Angelica Angel
5220 S 27th St – Milwaukee, WI 53221 – (414) 282-3600