How Much are Car Insurance Rates for Lyft Drivers in Milwaukee?

One of the more important considerations that aid in calculating auto insurance rates is where you normally keep your vehicle. More densely populated places tend to have more expensive auto insurance rates, whereas areas with less congestion benefit from lower rates.

The information below rates the most expensive cities in Wisconsin for Lyft drivers to purchase auto insurance in. Milwaukee is listed at #1 with an annual premium of $1,410 for the average insurance policy, which is about $118 monthly.

How much does car insurance cost in Milwaukee, WI?
Rank City Average Per Year
1 Milwaukee $1,410
2 Wauwatosa $1,359
3 Kenosha $1,230
4 West Allis $1,210
5 Greenfield $1,204
6 Racine $1,193
7 Beloit $1,164
8 Franklin $1,163
9 Oak Creek $1,154
10 Brookfield $1,077
11 La Crosse $1,053
12 Janesville $1,053
13 Eau Claire $1,049
14 Wausau $1,047
15 Madison $1,040
16 Menomonee Falls $1,026
17 Waukesha $1,023
18 New Berlin $1,018
19 West Bend $1,007
20 Fond du Lac $995
21 Manitowoc $987
22 Green Bay $969
23 Sheboygan $963
24 Oshkosh $951
25 Appleton $926
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Premium costs are estimated as specific Milwaukee garaging address can decrease or increase insurance rates significantly.

Finding dependable, affordable insurance is challenging, and figuring out which company offers the cheapest insurance rates for Lyft drivers involves a little more work. Each insurance company has their own formula for setting rates, so we’ll go over the lowest cost insurance companies in Milwaukee, WI.

It’s important that readers know that Wisconsin insurance rates are calculated based on many things that will increase or decrease the price of coverage. Events like turning one year older, increasing deductibles, or having an at-fault accident can cause premium changes resulting in some rates now being more affordable than others.

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Cheapest insurance companies in Wisconsin
Rank Company Cost Per Year
1 USAA $586
2 Partners Mutual $626
3 Erie $703
4 Pekin Insurance $752
5 Rockford Mutual $754
6 Nationwide $768
7 Western National $769
8 Rural Mutual Insurance $772
9 Integrity Mutual $786
10 Travelers $796
11 West Bend Mutual $899
12 State Farm $905
13 Auto Club Group $939
14 The Hartford $940
15 General Casualty $954
16 American Family $1,125
17 Farmers $1,130
18 Progressive $1,130
19 Auto-Owners $1,148
20 GEICO $1,202
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USAA may have some of the cheapest 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, Pekin Insurance, and Rockford Mutual would also be considered some of the cheaper Milwaukee, WI insurance companies.

As depicted above, if you are a customer of Erie and switched to USAA, you might achieve a yearly savings of in the neighborhood of $117. Drivers with Pekin Insurance could save as much as $166 a year, and Rockford Mutual customers might see rate reductions of $168 a year.

Remember that these policy prices are averaged across all ages of drivers and types of vehicles and do not factor in a specific location for Lyft drivers. So the auto insurance company that is best suited for you may not even be in the top 30 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own personal information and vehicle type.

The make and model of vehicle to be insured is a significant factor when shopping for affordable coverage for Lyft drivers. Vehicles with more horsepower, a lack of advanced safety features, or high incidents of liability claims will cost substantially more to insure than more economical and safe models.

The table below outlines insurance premiums for some of the most economical vehicles to insure in Wisconsin.

Cheapest Vehicles to Insure in Milwaukee, WI
Insured Vehicle Estimated Cost for Full Coverage
Toyota Prius $1,879
Ford Explorer Eddie Bauer 2WD $1,909
Honda CR-V LX 2WD $1,947
Toyota RAV4 Limited 4WD $2,012
Jeep Wrangler Sport 4WD 2-Dr $2,018
Ford Escape XLS 2WD $2,086
Honda Odyssey LX $2,139
GMC Sierra SL Crew Cab 4WD $2,157
Chevrolet Silverado LS Extended Cab 2WD $2,160
Ford F-150 XLT Super Cab 4WD $2,225
Honda Accord EX-L 4-Dr Sedan $2,267
Chevrolet Equinox LS 2WD $2,302
Nissan Altima 2.5 4-Dr Sedan $2,312
Toyota Camry Hybrid $2,305
Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD $2,338
Dodge Grand Caravan CV $2,345
Toyota Tacoma Double Cab 4WD $2,347
Honda Civic DX 2-Dr Coupe $2,358
Ford Edge SE AWD $2,418
Chevrolet Silverado 2500HD LTZ Crew Cab 2WD $2,447
Volkswagen Jetta 2.0T 4-Dr Sedan $2,468
Jeep Grand Cherokee Laredo 4WD $2,477
GMC Sierra 3500HD SLT Extended Cab 2WD $2,509
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Estimates do not factor in specific location which can raise or lower coverage prices significantly.

Based upon these rates, we can assume that vehicles like the Toyota Prius, Ford Explorer, Honda CR-V, and Toyota RAV4 are most likely going to be some of the cheaper vehicles to insure for Lyft vehicles.

Ending up with a highly-rated insurance provider can be rather challenging considering how many choices there are in Wisconsin. The information shown next could help you choose which providers to look at purchasing from.

These rankings only include large nationwide companies, so companies that focus mainly on Wisconsin business are not taken into consideration for these rankings. To compare prices from many more Wisconsin auto insurance companies, click here.

Best Insurance Companies for Lyft Drivers in Wisconsin
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies

Responsible drivers pay cheaper Milwaukee insurance rates

A great way to obtain the cheapest insurance prices in Milwaukee for Lyft vehicles is to drive safe and have a clean driving record. The diagram below shows how speeding tickets and fender-benders can affect auto insurance costs for different age groups. The premiums are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

The data charted above shows the average cost of a car insurance policy in Wisconsin per year with no violations or accidents is $1,539. Add in two speeding tickets and the average cost hikes up to $2,066, an increase of $527 each year. Now add in one accident along with the two speeding tickets and the yearly cost of insurance for Lyft drivers jumps again to an average of $2,602. That’s an increase of $1,062, or $89 per month, just for not being more responsible behind the wheel!

Low rates today, overpriced tomorrow

Wisconsin insurance rates are based on many factors which can substantially change the cost of your policy. Getting older, moving to a new city, or getting a couple of tickets can cause premium changes resulting in some rates now being cheaper in comparison to the competition.

In addition to those changes, auto insurance companies file new Wisconsin car insurance rates every year as an adjustment for underwriting gains or losses. A period of increased losses may cause price increases, while a lower level of claims may result in lower-priced Milwaukee car insurance rates.

To illustrate this example, the chart below compares the cheapest car insurance in Milwaukee, WI for a 30-year-old female driver with no accidents, a clean driving record, and a good credit rating. When comparing rates based on her current rating profile, USAA offers the lowest car insurance rates in Milwaukee at $867 a year. This is $294 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide are also included in the cheapest Milwaukee, WI auto insurance companies.

Now we will give the driver from the first rate comparison a claim or two, a lower credit rating, and a speeding citation. Since each auto insurer has their own guidelines for setting rates, analyzing rate quotes may result in a different list of the cheapest companies as shown below.

Integrity Mutual now has the cheapest insurance rate in Milwaukee with Rural Mutual Insurance, Pekin Insurance, Travelers, and West Bend Mutual now being in the top five. This example illustrates why it is important to compare as many rates as possible when trying to find cheap auto insurance rates for Lyft drivers. Prices are calculated by many things and can increase or decrease at any time, so the best company three years ago may now be priced much higher than other options.