The vehicle that needs insurance is one of the primary factors in finding cheap insurance for college students. Vehicles with lower performance, a great safety record, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The list below showcases coverage premiums for a handful of the most cost-effective vehicles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $3,396 |
| Ford Escape XLT 4WD | $3,447 |
| Honda CR-V EX-L 2WD | $3,457 |
| Toyota Prius | $3,715 |
| Ford Edge SE 2WD | $3,760 |
| Dodge Grand Caravan CV | $3,811 |
| Ford F-150 STX Super Cab 4WD | $3,862 |
| Honda Odyssey EX | $3,977 |
| Chevrolet Impala LS | $3,983 |
| Volkswagen Jetta S 4-Dr Sedan | $4,028 |
| Ford Fusion S 4-Dr Sedan | $4,034 |
| Toyota RAV4 Limited 4WD | $4,028 |
| Toyota Tacoma Double Cab 4WD | $4,038 |
| Ford Explorer Limited AWD | $4,079 |
| Chevrolet Malibu LT | $4,088 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $4,147 |
| Ford Focus SES 4-Dr Sedan | $4,197 |
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Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in garaging location in Milwaukee, WI which can change price quotes considerably.
By looking at the data, you can presume that makes and models like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are the cheapest vehicles to insure for students in college. The price of auto insurance will tend to be higher just due to the fact that there is a higher risk for college students, but generally speaking those particular models will have the cheapest auto insurance rates available.
For students in college, one of the big considerations that are looked at to determine the amount you pay each year for auto insurance is your zip code. Cities with more crime and/or more people are more likely to have higher rates, whereas less populated areas profit from lower rates.
The table below lists the most costly cities in Wisconsin for college students to purchase auto insurance in. Milwaukee comes in at #1 costing $1,410 for car insurance, which is about $118 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Milwaukee | $1,410 |
| 2 | Wauwatosa | $1,319 |
| 3 | West Allis | $1,234 |
| 4 | Racine | $1,229 |
| 5 | Kenosha | $1,194 |
| 6 | Oak Creek | $1,166 |
| 7 | Beloit | $1,164 |
| 8 | Franklin | $1,163 |
| 9 | Greenfield | $1,156 |
| 10 | La Crosse | $1,064 |
| 11 | Eau Claire | $1,049 |
| 12 | Brookfield | $1,045 |
| 13 | Madison | $1,040 |
| 14 | Wausau | $1,037 |
| 15 | Waukesha | $1,034 |
| 16 | New Berlin | $1,029 |
| 17 | Menomonee Falls | $1,026 |
| 18 | Janesville | $1,022 |
| 19 | West Bend | $1,017 |
| 20 | Fond du Lac | $995 |
| 21 | Oshkosh | $980 |
| 22 | Green Bay | $969 |
| 23 | Manitowoc | $957 |
| 24 | Appleton | $954 |
| 25 | Sheboygan | $953 |
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Rates are approximated as specific Milwaukee garaging address can decrease or increase premium rates substantially.
Rate increases following a ticket or accident
In a perfect world, the best way to find the cheapest insurance premiums in Milwaukee for students in college is to drive attentively and not have accidents or get tickets. The illustration below highlights how speeding tickets and accidents drive up annual premium costs for different age groups. The prices are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of an auto insurance policy in Milwaukee per year with no violations or accidents is $934. Add in one speeding ticket and the average cost jumps to $1,071, an increase of $137 each year. Now get one accident along with the one speeding ticket and the yearly cost of insurance for college students jumps again to an average of $1,453. That’s an increase of $520, or $43 per month, just for a couple of infractions!
The illustration below demonstrates how deductible levels can increase or decrease annual premium costs when researching cheap insurance for college students. The premiums assume a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
In the chart above, a 30-year-old driver could lower rates by $214 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $322 by switching to a $1,000 deductible. Young drivers, such as the Age 20 example, have the ability to save $622 or more by using higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is a good idea to have enough spare savings to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Get discount Milwaukee car insurance rates
Insurers that offer cheap quotes for college students may also give you discounts that could reduce prices by as much as 30% if you meet specific eligibility requirements. Large insurance companies and some of their more popular discounts are:
- Farmers Insurance offers discounts for electronic funds transfer, multi-car, alternative fuel, homeowner, switch companies, and business and professional.
- Esurance offers discounts including safety device, renters, emergency road assistance, anti-theft, online shopper, multi-car, and DriveSense.
- State Farm offers premium reductions for safe vehicle, anti-theft, good student, Steer Clear safe driver discount, and passive restraint.
- GEICO may have discounts that include multi-vehicle, driver training, membership and employees, military active duty, emergency military deployment, anti-lock brakes, and multi-policy.
- Allstate may include discounts for auto/life discount, anti-theft, FullPay discount, 55 and retired, economy car, and utility vehicle.
The information below compares yearly insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, a clean driving record, no claims, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with paid-in-full, vehicle safety, good student, passive restraint, paperless filing, and continuous coverage discounts applied. When drivers qualify for the discounts, theamount saved on insurance for college students is 18% or $324.