Who Has the Cheapest Car Insurance Rates for College Graduates in Milwaukee?

You have most likely seen the catchy commercials from car insurance companies like Allstate and State Farm that guarantee dirt cheap rates. So drivers should just pick the one with the best commercial, right?

It’s just not that simple, as there are a whole bunch of unknown aspects like the type of vehicle you drive, if you have ever had a coverage lapse, and whether you just want liability only. If you keep reading, we will teach you about the best ways to avoid high prices and will hopefully give you a good start to your coverage search.

For college grads, one of the more important criteria that aid in calculating auto insurance rates is where you keep your car. Cities with more crime and/or more people are more likely to have higher rates, whereas areas with less people or fewer weather incidents receive better rates.

The next table ranks the highest-priced places in Wisconsin for college graduates in which to purchase auto insurance. Milwaukee is ranked at #1 with the annual price of $1,368 for coverage, which is about $114 each month.

How much does car insurance cost in Milwaukee, WI?
Rank City Average Per Year
1 Milwaukee $1,368
2 Wauwatosa $1,345
3 Kenosha $1,218
4 Greenfield $1,204
5 Oak Creek $1,202
6 West Allis $1,198
7 Racine $1,193
8 Beloit $1,118
9 Franklin $1,117
10 Eau Claire $1,091
11 Wausau $1,079
12 Menomonee Falls $1,068
13 Brookfield $1,067
14 La Crosse $1,033
15 Madison $1,030
16 Waukesha $1,023
17 New Berlin $1,018
18 Janesville $1,011
19 Manitowoc $997
20 West Bend $987
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Information shown are comparative as the specific garaging location can increase or decrease premiums noticeably.

The type of vehicle that is being insured is one of the primary factors when quoting the most economical auto insurance for college graduates. Vehicles with average performance, a plethora of safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The table below features auto insurance costs for a handful of the cheapest automobiles to insure in Wisconsin.

Cheapest Vehicles to Insure in Milwaukee, WI
Vehicle Insured Estimated Cost for Full Coverage
Honda Civic DX 4-Dr Sedan $1,926
Toyota Tacoma 2WD $1,932
Toyota RAV4 Limited 4WD $1,964
Chevrolet Malibu LS $1,974
Chevrolet Silverado LS Regular Cab 2WD $1,967
Ford Escape XLS 4WD $2,043
Honda Accord EX 4-Dr Sedan $2,048
Honda CR-V EX 4WD $2,093
Volkswagen Jetta 2.0T 4-Dr Sedan $2,105
Ford F-150 XLT Super Cab 4WD $2,181
Ford Focus S 4-Dr Sedan $2,213
Toyota Prius $2,266
Dodge Ram Quad Cab Sport 4WD $2,286
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rates do not factor in vehicle garaging location which can alter auto insurance rates greatly.

Based on these rates, makes and models like the Honda Civic, Toyota Tacoma, and Toyota RAV4 are going to be some of the most affordable vehicles to insure for college grads.

Discount Milwaukee insurance

Auto insurance for college grads in Milwaukee, WIInsurance companies that offer quotes for college graduates may also offer discounts that could lower prices by as much as 35% if you meet the requirements. The best auto insurance companies and some of the discounts can be read below.

The illustration below shows the comparison of insurance costs with and without discounts being applied to the rates. The premiums are based on a male driver, no accidents, no driving violations, Wisconsin state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with defensive driving course, marriage, multiple policy, anti-theft, vehicle safety, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for college graduates is 27% or $300.

Best auto insurance company in Milwaukee

Ending up with the best insurer can be difficult considering how many companies are available to choose from in Milwaukee. The company information in the lists below can help you pick which coverage providers you want to consider when insurance shopping for college graduates.

The rankings below include large, nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for this list. If you’d like to compare prices and find the cheapest rates for college graduates, just click here.

Best 15 Auto Insurance Companies for College Graduates 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
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Data Source: Insure.com Best Car Insurance Companies

Cost difference between full coverage and liability

Reducing the cost of auto insurance is probably important to most people, and a great way to save on the cost of insurance for college graduates is to buy only liability coverage. The example below illustrates the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no policy discounts are applied.

As an average, comp and collision coverage costs $1,296 per year over and above liability coverage. That proposes the question if buying full coverage is a good investment. There isn’t a written rule for phasing out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s say your vehicle’s book value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after you pay the deductible. If it’s costing you more than $600 a year for your policy with full coverage, then it may be the right time to buy liability only.

There are a few situations where removing full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

The professional agents shown below can help you determine which auto insurance policy would work best for you, since some drivers aren’t sure which coverage they need and prefer to get some help when shopping for cheaper insurance for college graduates. It can be challenging to find the best policy on your own, so professional agents can bring comfort knowing you have adequate protection in the event of a claim. To find a Milwaukee insurance agent by location nearest to you, click the link at the bottom.

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