Deciding which companies quote the cheapest car insurance rates for 18 year olds requires a bit more work in order to find a policy that fits your budget. Every car insurance company uses a little different formula for determining rates in each state, so let’s rank the car insurance companies that tend to be cheaper in Milwaukee, WI.
It’s a good idea to know that Milwaukee, WI car insurance rates are calculated based on many things which can substantially decrease or increase the cost of a policy. Simply getting older, buying a new vehicle, or having an accident may cause policy rate changes that can cause some rates to be much cheaper than others.
Cheap Insurance Rates for Teens
|Rank||Company||Cost Per Year|
|8||Rural Mutual Insurance||$779|
|13||West Bend Mutual||$926|
|14||Auto Club Group||$939|
|View More Rates Go|
USAA generally has some of the most affordable car insurance rates in Milwaukee at around $598 each year. Partners Mutual, Erie, Rockford Mutual, and Nationwide also rank well as some of the more affordable Milwaukee, WI auto insurance companies.
In this example, if you buy coverage from Partners Mutual and switched to USAA, you may see annual savings of upwards of $10. Wisconsin drivers with Erie might save as much as $126 a year, and Rockford Mutual policyholders might see rate reductions of $148 a year.
To get a fast rate comparison, click here to get a free quote or visit several of the following companies.
These policy rates are averages for all types of insureds and vehicles and do not take into consideration an exact location for 18 year olds. So the car insurance company that can offer the best rates for your situation may not even be in the top 30 companies in the list above. That’s why you need to quote rates from many companies using your own specific driver and vehicle information.
One of the more important things that are used to help calculate auto insurance rates is the neighborhood you call home. Regions with more people or even just more weather-related claims likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The following table ranks the most expensive places in Wisconsin for 18 year olds to buy auto insurance in. Milwaukee is ranked #1 having an annual price of $1,368 for the average policy, which is approximately $114 per month.
|Rank||City||Average Per Year|
|22||Fond du Lac||$985|
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Rates are approximated as the specific garaging location can revise auto insurance rates noticeably.
The car, truck, or SUV that needs insurance is probably the most important factor in finding the lowest-priced car insurance for 18 year olds. Vehicles with high performance, poor safety ratings, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models. The list below illustrates insurance costs for a selection of the cheapest automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$5,647|
|Honda Accord LX 4-Dr Sedan||$5,652|
|Ford Escape XLT 4WD||$5,709|
|Hyundai Elantra SE Touring Station Wagon||$6,091|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$6,261|
|Ford Explorer XLT AWD||$6,324|
|Toyota Tacoma 4WD||$6,334|
|Ford F-150 STX Regular Cab 4WD||$6,324|
|Volkswagen Jetta SE 2.5 Station Wagon||$6,536|
|Chevrolet Impala LS||$6,643|
|Ford Edge SEL 2WD||$6,648|
|Toyota Camry LE||$6,706|
|Toyota RAV4 Limited 4WD||$6,713|
|Dodge Grand Caravan SXT||$6,768|
|Chevrolet Malibu LT||$6,774|
|Ford Focus SES 4-Dr Sedan||$7,025|
|Toyota Corolla S||$7,087|
|Nissan Altima 2.5 S 4-Dr Sedan||$7,095|
|Honda Odyssey EX-L W/Navigation||$7,087|
|Jeep Grand Cherokee Limited 2WD||$7,150|
|GMC Sierra SLE Crew Cab 4WD||$7,156|
|Chevrolet Equinox LTZ AWD||$7,150|
|Compare Cheap Rates Go|
Data based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific Milwaukee, WI garaging location which can affect prices greatly.
Looking at the rates, makes and models like the Honda CR-V, Honda Accord, Ford Escape, Hyundai Elantra, and Toyota Prius are most likely going to be a few of the most affordable vehicles to insure for teen drivers. Rates will be higher anyway because there is more liability exposure for 18 year olds, but overall those particular vehicles will probably have the best rates compared to other vehicles.
Best car insurance company in Milwaukee
Picking the right insurance company can be difficult considering how many different companies insure vehicles in Wisconsin. The company ratings listed below can help you analyze which car insurance providers to look at when trying to find cheaper insurance for 18 year olds.
These rankings are only comprised of major nationwide insurance companies, so smaller companies are not included in these rankings. To check rates from the insurers below and more, follow this link.
Top 10 Large Auto Insurance Providers in Milwaukee Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Erie Insurance – A+
- Progressive – A+
- Allstate – A+
Top 10 Large Auto Insurance Providers in Milwaukee Ranked by Value
- AAA Insurance
- Erie Insurance
- Liberty Mutual
- State Farm
- Safeco Insurance
- 21st Century
Safe drivers pay less for car insurance
In a perfect world, the ideal way to snag affordable car insurance rates in Wisconsin for teen drivers is to drive attentively and avoid tickets and accidents. The information below illustrates how violations and fender-benders can drive up annual premium costs for each different age group. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
In the example above, the average cost of auto insurance in Wisconsin per year with no accidents or violations is $751. Factor in one speeding ticket and the average cost hikes up to $873, an increase of $123 each year. Then add in one accident along with the one speeding ticket and the yearly cost of car insurance for 18 year olds jumps again to an average of $1,216. That’s an increase of $465, or $39 per month, just for not being a responsible driver!
What aren’t you shopping around?
Wisconsin car insurance rates are impacted by many factors that may substantially change the price of your policy. Simply turning a year older, getting married, or getting a driving violation can cause premium changes that can now make some companies more affordable than the competition.
In addition to those changes, car insurance companies change their prices as needed in order to be able to pay unexpected claims. A period of increased losses can result in rate hikes, while long-term profits can cause lower-cost Milwaukee car insurance rates.
For instance, the data below shows a variety of companies that have the cheapest car insurance in Milwaukee, WI for a 45-year-old female driver with a clear driving record, no claims, and good financial standing. If we estimate prices based on her personal risk profile, USAA might offer the cheapest car insurance rates in Milwaukee at $874 a year. This is $287 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Nationwide are also included in the cheapest Milwaukee, WI auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison an at-fault accident, less-than-perfect credit, and a few traffic violations. Since each insurance company has their own formula for determining prices, comparing rates could now result in a different list of cheap Milwaukee auto insurance companies as shown below.
Rockford Mutual now has the best insurance rate in Milwaukee, WI with Western National, Integrity Mutual, Travelers, and West Bend Mutual now being in the top five. This illustrates why consumers need to take the time to compare lots of rates when trying to get the most affordable car insurance rates for 18 year olds.
Insurance prices consist of many different factors and can change without notice, so the best company two years ago may now be quite expensive.
How to find more affordable auto insurance for 18 year olds
The list below details a few money-saving suggestions that can help you locate low-cost car insurance.
- Safer vehicles generally have cheaper insurance rates
- Older vehicles may not need full coverage
- Violations like speeding or DUI increase rates
- Higher deductibles mean lower rates
- Increase your credit rating
- Avoid at-fault accidents and claims
- Look for cheaper rates once a year by shopping around
The last tip in the list is remarkably critical, as was stressed in this article. Rates go up and down frequently, so drivers shouldn’t be resistant to buy from a different company if you can save money.
Brand loyalty is great, but we do not recommend it if that faithfulness ends up costing you money that could be used for better things. Spend a few minutes and shop around and find cheaper insurance for 18 year olds in Milwaukee.