The type of vehicle requiring insurance is one of the primary factors when trying to find economical insurance for drivers requiring a SR22. Vehicles with higher performance characteristics, a lack of advanced safety features, or a history of substantial liability claims will cost more to insure than more modest models. The next table ranks car insurance costs for a number of the cheaper vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$5,494|
|Ford Escape Limited 2WD||$5,557|
|Hyundai Elantra GLS Touring Station Wagon||$5,704|
|Honda Accord EX-L 4-Dr Sedan||$6,092|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$6,386|
|Honda Odyssey EX||$6,443|
|Dodge Grand Caravan CV||$6,449|
|Toyota RAV4 2WD||$6,507|
|Ford Explorer Limited AWD||$6,567|
|Chevrolet Equinox LS 2WD||$6,766|
|Toyota Tacoma Double Cab 4WD||$6,776|
|Ford F-150 FX2 2WD||$6,823|
|Chevrolet Malibu LT||$6,838|
|Toyota Corolla XRS||$6,858|
|Ford Focus SES 4-Dr Sedan||$6,999|
|Honda Civic LX-S 4-Dr Sedan||$7,002|
|Ford Edge Limited AWD||$7,065|
|Chevrolet Impala LTZ||$7,075|
|Hyundai Sonata GLS 4-Dr Sedan||$7,076|
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Data based on married female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific zip code location which can revise price quotes considerably.
Looking at the rates, you can presume that cars like the Honda CR-V, Ford Escape, Hyundai Elantra, Toyota Prius, and Honda Accord will be the most economical vehicles to insure for high risk drivers. The price for an auto insurance policy will trend higher just due to the fact that there is more exposure for drivers requiring a SR22, but generally speaking those particular models will most likely have the least expensive rates compared to other types of vehicles.
Figuring out which companies have the lowest-priced auto insurance rates for drivers requiring a SR22 takes a bit more work in order to find the best policy. Each insurer uses a little different formula for setting prices, so let’s take a look at the most affordable auto insurance companies in Wisconsin.
It’s important to know that Milwaukee auto insurance rates are based on many factors that may substantially change the policy premium. Simply having a birthday, increasing liability limits, or getting into an accident may cause policy rate changes that can make some companies affordable when they were higher priced.
Find Cheaper Car Insurance for SR22 Drivers
|Rank||Company||Cost Per Year|
|9||Rural Mutual Insurance||$779|
|11||West Bend Mutual||$890|
|15||Auto Club Group||$968|
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USAA has some of the cheapest car insurance rates in Milwaukee at around $604 each year. This is $557 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Integrity Mutual would also make the list of some of the most economical Milwaukee, WI car insurance companies.
In the above rates, if you are a policyholder with Rockford Mutual and switched to USAA, you may realize yearly savings of roughly $150. Drivers with Integrity Mutual might save as much as $158 a year, and Nationwide insureds might reduce rates by $164 a year.
These estimates are averages for all drivers and vehicles in Wisconsin and and are not calculated with a specific zip code for drivers requiring a SR22. So the car insurance company that is best for you may not even be in the top 30 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
For high risk drivers, one of the largest criteria that determine auto insurance rates is where your residence is in Milwaukee. More densely populated places are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.
The following table rates the priciest cities in Wisconsin for drivers requiring a SR22 to purchase auto insurance in. Milwaukee is ranked #1 with an annual cost of $1,410 for the average insured, which is approximately $118 each month.
|Rank||City||Premium Per Year|
|23||Fond du Lac||$956|
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Premium costs are estimated as the garaging address in Milwaukee can modify rates noticeably.
Choosing a highly-rated auto insurance provider can be challenging considering how many choices you have in Milwaukee. The information displayed below can help you decide which providers you want to consider when trying to find cheaper insurance for drivers requiring a SR22.
The ratings below are only made up of companies with a national presence, so smaller companies are not included in these rankings. To compare rates from these and other top-rated companies, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Auto insurance rates are higher with tickets and accidents
One of the best ways to score affordable auto insurance premiums in Wisconsin for high risk drivers is to be a safe driver and avoid traffic citations and accidents. The chart below shows how violations and fender-benders can raise car insurance costs for each age group. Data assumes a single female driver, full coverage, $250 deductibles, and no discounts are factored in.
The chart shows that the average cost of auto insurance in Milwaukee per year with a clean driving record and no accidents is $1,157. Factor in two speeding tickets and the average cost rises to $1,548, an increase of $391 each year. Now add one accident along with the two speeding tickets and the annual cost of auto insurance for drivers requiring a SR22 jumps again to an average of $1,939. That’s an increase of $782, or $65 per month, just for not maintaining a clean driving record!
The importance of shopping around
Milwaukee auto insurance rates are based on many factors that control the price of your policy. Simply getting older, getting married, or having an at-fault accident can trigger price changes resulting in some rates now being more affordable than the competition. Not only may things change on your end, but insurance companies file new rates as often as every quarter as an adjustment for underwriting gains or losses. Higher than normal claims may cause a rate increase, while lower claim levels can result in more affordable Milwaukee car insurance rates.
To illustrate this example, the graph below demonstrates which company has the cheapest car insurance in Milwaukee, WI for a 40-year-old male driver with a clean driving record, no accidents, and a good credit rating. If we look at prices based on his personal risk profile, USAA might offer the cheapest car insurance rates in Milwaukee at $860 a year. This is $301 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide are the remaining cheapest Milwaukee, WI auto insurance companies.
The chart below compares rates after we give the driver in the first chart a chargeable claim, a lower credit score, and a few blemishes on his driving record. Due to the fact that each insurance company has a unique formula for setting rates, analyzing rates may now show a slightly different list of the cheapest companies as shown below.
Pekin Insurance now has the best car insurance rate in Milwaukee, WI with Rural Mutual Insurance, Western National, Travelers, and Partners Mutual also being competitive. This example proves why consumers need to take the time to compare many different companies when trying to find cheap auto insurance rates for drivers requiring a SR22. Insurance prices are influenced by many factors and change dramatically, so the cheapest company when you bought your policy may now be quite expensive.
How to find more affordable insurance for drivers requiring a SR22
The list below shows a few thrifty suggestions that can help drivers find cheap coverage.
- Buying your home and auto policies from the same company can earn a discount
- Buy safe vehicles
- Do not get into accidents that are your fault
- Do not pay for full coverage on older vehicles
- Drivers with good credit ratings often pay less
- Shop around for lower rates once a year
The final tip is extremely important, as we noted in this article. Prices charged by car insurance companies change constantly, so don’t be unwilling to buy a different policy if a lower-cost policy is available. Many consumers stick with the same company and that’s fine, but is isn’t recommended if that stubbornness costs you a small fortune. In just a couple of minutes you could shop around to find cheaper car insurance for drivers requiring a SR22 in Milwaukee.
The agents listed below can help you make a decision which coverages and limits you need, since some drivers wish to have a little guidance when shopping for cheaper insurance for drivers requiring a SR22. It can be challenging to find the best coverage on your own, and agents can add peace of mind knowing you have adequate protection in case of an accident or claim.
To locate a Milwaukee insurance agent nearest to you, click the link at the bottom.
Frank Medina Insurance WI
342 N Water St Ste 600 – Milwaukee, WI 53202 – (414) 877-0777
1st Light Insurance Services
500 W Silver Spring Dr k200 – Milwaukee, WI 53217 – (414) 393-1950
Santiago Insurance Agency
828 W Historic Mitchell St – Milwaukee, WI 53204 – (414) 727-8284
Reilly Insurance Services
3075 S Howell Ave – Milwaukee, WI 53207 – (414) 482-4461