Finding low-cost insurance is not most people’s favorite thing to do, and deciding which company offers the most affordable insurance rates for high mileage drivers requires even more perseverance. Every insurance provider has their own process for establishing rates, so let’s take a look at the insurance companies with the overall best prices in Milwaukee.
We do need to point out that Milwaukee insurance rates are impacted by many factors that can increase your annual premium. This price fluctuation is why drivers need to do a thorough rate comparison to find cheap car insurance quotes for high mileage drivers. Car insurance prices can be altered by many factors and change substantially, so the most economical option three years ago may now be an over-priced policy.
Lowest Insurance Price Quotes in Wisconsin
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $604 |
| 2 | Partners Mutual | $626 |
| 3 | Erie | $703 |
| 4 | Rockford Mutual | $724 |
| 5 | Pekin Insurance | $745 |
| 6 | Rural Mutual Insurance | $749 |
| 7 | Nationwide | $752 |
| 8 | Western National | $777 |
| 9 | Integrity Mutual | $786 |
| 10 | Travelers | $796 |
| 11 | State Farm | $896 |
| 12 | The Hartford | $912 |
| 13 | West Bend Mutual | $917 |
| 14 | General Casualty | $954 |
| 15 | Auto Club Group | $968 |
| 16 | Progressive | $1,130 |
| 17 | American Family | $1,137 |
| 18 | Auto-Owners | $1,160 |
| 19 | Farmers | $1,176 |
| 20 | GEICO | $1,202 |
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USAA may have some of the most affordable car insurance rates in Milwaukee at around $604 per year. This is $557 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance also rank well as some of the best Milwaukee, WI insurance companies.
As depicted above, if you buy coverage from Pekin Insurance and switched to Partners Mutual, you may see a yearly savings of upwards of $119. Insureds with Rural Mutual Insurance could save as much as $123 a year, and Nationwide insureds might realize rate reductions of up to $126 a year.
If you want to find out if you’re overpaying, click here to start your free quote or visit any of the low-priced companies below.
Remember that these rates are averaged across all ages of drivers and types of vehicles and do not factor in an exact location for high mileage drivers. 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 get rate quotes using your own specific driver and vehicle information.
The vehicle to be insured is one of the biggest factors that determines if you can find cheaper auto insurance for high mileage drivers. Vehicles with lower acceleration and performance, advanced safety features, or a low likelihood of having liability claims will cost significantly less to insure than high performance models. The data below ranks coverage premiums for a number of the most cost-effective automobiles to insure in Wisconsin.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,784 |
| Dodge Grand Caravan SE | $1,827 |
| Honda CR-V LX 4WD | $1,842 |
| Chevrolet Impala LT | $1,931 |
| Ford Escape Limited 4WD | $1,943 |
| Ford Explorer Limited 4WD | $1,966 |
| Toyota Prius | $1,986 |
| Hyundai Elantra SE Touring Station Wagon | $1,991 |
| Ford Focus SES 4-Dr Sedan | $1,997 |
| Toyota Corolla S | $2,035 |
| Ford F-150 XLT Super Cab 4WD | $2,037 |
| Ford Fusion Sport 4-Dr Sedan | $2,069 |
| Ford Edge SEL AWD | $2,072 |
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Above prices assume single male driver age 50, 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 information which can change rates greatly.
By looking at the data, you can infer that models like the Honda Accord, Dodge Grand Caravan, and Honda CR-V are going to be the most affordable vehicles to insure for high mileage drivers.
One of the many components that determine the price you pay for insurance is where your residence is. Cities with larger populations or higher claim trends are more likely to have higher rates, whereas less populated areas benefit from lower prices.
The following table rates the priciest cities in Wisconsin for high mileage drivers to buy an auto insurance policy in. Milwaukee is ranked at #1 costing $1,410 for car insurance, which is about $118 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Milwaukee | $1,410 |
| 2 | Wauwatosa | $1,345 |
| 3 | West Allis | $1,234 |
| 4 | Racine | $1,229 |
| 5 | Greenfield | $1,204 |
| 6 | Kenosha | $1,194 |
| 7 | Oak Creek | $1,190 |
| 8 | Franklin | $1,129 |
| 9 | Beloit | $1,118 |
| 10 | Eau Claire | $1,081 |
| 11 | Madison | $1,072 |
| 12 | La Crosse | $1,064 |
| 13 | Menomonee Falls | $1,057 |
| 14 | New Berlin | $1,049 |
| 15 | Wausau | $1,047 |
| 16 | Janesville | $1,042 |
| 17 | Brookfield | $1,035 |
| 18 | Waukesha | $1,034 |
| 19 | West Bend | $1,007 |
| 20 | Fond du Lac | $995 |
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Price information shown is estimated as the specific zip code location can alter auto insurance rates considerably.
Discount Milwaukee insurance rates
Insurers that offer quotes for high mileage drivers may provide rate discounts that can lower rates by 40% or more if you are eligible for them. A few popular companies and the discounts they provide can be read below.
- State Farm discounts include safe vehicle, driver’s education, multiple autos, student away at school, defensive driving training, and good driver.
- GEICO has savings for military active duty, daytime running lights, anti-theft, federal employee, seat belt use, and defensive driver.
- Progressive policyholders can earn discounts including continuous coverage, online quote discount, online signing, good student, and multi-policy.
- 21st Century offers discounts for automatic seat belts, defensive driver, homeowners, student driver, good student, air bags, and anti-lock brakes.
- American Family may have discounts that include mySafetyValet, air bags, good driver, early bird, Steer into Savings, and TimeAway discount.
- The Hartford may include discounts for bundle, good student, defensive driver, air bag, anti-theft, vehicle fuel type, and driver training.
- AAA has discounts for pay-in-full, anti-theft, good student, multi-car, multi-policy, good driver, and AAA membership discount.
The example below illustrates the comparison of insurance costs with and without discounts applied to the premium. The rates are based on a female driver, no violations or accidents, Wisconsin state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with multiple vehicle, defensive driving course, multiple policy, passive restraint, vehicle safety, and claim-free discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for high mileage drivers is 27% or $286.
The illustration below illustrates how choosing a deductible can affect insurance prices when researching cheap insurance for high mileage drivers. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could cut expenses by $212 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $320 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, have the ability to save as much as $524 each year by using a higher deductible.
If you do decide to increase your deductibles, it is essential to have additional funds in a savings account to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Why are you paying too much for Milwaukee car insurance?
Milwaukee, WI insurance rates are determined by lots of factors which can substantially change the cost of your policy. Simply getting older, getting married, or getting a few speeding tickets can produce rate changes that can cause some rates to be much cheaper than others.
Additionally, companies change premium rates every year or even multiple times each year in order to be able to pay unexpected claims. Higher than usual claims can result in higher priced premiums, while lower claim levels may produce lower-cost Milwaukee car insurance rates.
To help illustrate this point, the data below shows rates for the cheapest car insurance in Milwaukee, WI for a 35-year-old male driver with no accidents, a clean driving record, and a decent credit rating. If we estimate rates based on his personal risk profile, USAA might quote the best car insurance rates in Milwaukee at $869 annually. This is $292 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual are the remaining cheapest Milwaukee, WI auto insurance companies.
Now let’s give the driver from the first set of rates an accident claim, less-than-perfect credit, and a speeding citation. Since every car insurance company has a different process to determine rates, comparing quotes may now show a different set of cheap Milwaukee auto insurance companies as shown below.
Pekin Insurance now has the cheapest rate in Milwaukee, WI with Integrity Mutual, Western National, Travelers, and State Farm completing the list. This example illustrates why consumers need to take the time to perform a complete rate comparison when trying to find cheap car insurance quotes for high mileage drivers.
Car insurance prices consist of many things and can change without notice, so the cheapest option when you last compared rates may now not even be in the top five.