Are you burned out from wondering where the money will come from to pay auto insurance each month? Your situation is no different than the majority of other vehicle owners in Wisconsin.
A recent auto insurance study revealed that a large majority of drivers renewed their policy with the same company for a minimum of four years, and roughly 40% of drivers have never compared rate quotes at all. With the average auto insurance premium being $1,847, U.S. drivers can save hundreds of dollars each year just by comparing rates, but they assume it’s a waste of time to do a rate comparison.
Popular companies such as Progressive, GEICO and Farmers Insurance all claim big savings, bombarding you with catchy ads and it is challenging if not impossible to ignore the propaganda and effectively compare rates to find the best deal.
It’s smart to quote other rates quite often due to the fact that insurance prices are variable and change quite frequently. Even if you got the best deal on Hyundai Genesis insurance in Milwaukee six months ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because you’re going to get a crash course in the right way to remove unneeded coverages and save money.
If you currently have insurance, you will most likely be able to reduce premiums using the following tips. Finding the cheapest insurance coverage in Milwaukee is really quite simple as long as you have a good starting point. But Wisconsin vehicle owners do need to understand the way companies calculate their prices and apply this information to your search.
Companies offering affordable Hyundai Genesis rate quotes in Milwaukee, WI
The following companies offer price quotes in Wisconsin. If more than one company is shown, we suggest you visit two to three different companies to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Genesis 2.0T 2-Dr Coupe||$172||$402||$270||$16||$80||$940||$78|
|Genesis 3.8 4-Dr Sedan||$226||$388||$202||$12||$60||$888||$74|
|Genesis 2.0T Premium 2-Dr Coupe||$238||$548||$374||$22||$112||$1,294||$108|
|Genesis 3.8 2-Dr Coupe||$202||$402||$388||$22||$116||$1,130||$94|
|Genesis 2.0T Track 2-Dr Coupe||$214||$476||$302||$18||$90||$1,100||$92|
|Genesis 3.8 Grand Touring 2-Dr Coupe||$192||$398||$324||$20||$98||$1,032||$86|
|Genesis 4.6 4-Dr Sedan||$154||$314||$264||$16||$78||$826||$69|
|Genesis 3.8 Track 2-Dr Coupe||$202||$456||$388||$22||$116||$1,184||$99|
|Get Your Own Custom Quote Go|
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Prices do not factor in zip code location which can impact premium rates noticeably.
Hyundai Genesis insurance costs by gender and age
The information below illustrates the difference between Hyundai Genesis insurance rates for male and female drivers. Data assumes a clean driving record, no claims, full coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
Where to set your deductibles
The information below demonstrates how choosing different deductibles and can increase or decrease Hyundai Genesis annual premium costs for different ages of insureds. The rates are based on a single female driver, comp and collision included, and no discounts are factored in.
Illustration showing the impact of accidents and violations
The chart below illustrates how violations and at-fault fender-benders can influence Hyundai Genesis premium costs for different age groups of insureds. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
These eight discounts can lower your auto insurance quotes
Companies offering auto insurance don’t always list every discount available in a way that’s easy to find, so the next list breaks down a few of the more common and the more hidden credits that you can use to lower your rates. If you do not check that you are getting every discount you deserve, you are throwing money away.
- Claim Free – Milwaukee drivers who stay claim-free get the best auto insurance rates in comparison to policyholders that have many claims.
- New Car Discount – Putting insurance coverage on a new Genesis can save up to 30% since new model year vehicles have better safety ratings.
- Memberships – Belonging to a qualifying organization is a good way to get lower rates when getting a Milwaukee car insurance quote.
- Multi-Vehicle Discounts – Purchasing coverage when you have multiple cars or trucks on the same auto insurance policy could earn a price break for each car.
- Driver’s Ed – Cut your cost by having your teen driver participate in a local driver’s education class as it will make them better drivers and lower rates.
- Save over 55 – Drivers over the age of 55 can possibly qualify for reduced rates.
- Discount for Good Grades – This discount can save 20 to 25%. This discount can apply up until you turn 25.
- Early Payment Discounts – By paying your policy upfront rather than spreading payments over time you could save up to 5%.
Just know that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way.
Large auto insurance companies and the discounts they provide are shown below.
- GEICO may have discounts that include defensive driver, military active duty, five-year accident-free, anti-theft, and driver training.
- MetLife policyholders can earn discounts including good driver, claim-free, good student, defensive driver, accident-free, and multi-policy.
- Progressive offers discounts including multi-policy, online quote discount, multi-vehicle, homeowner, continuous coverage, good student, and online signing.
- Travelers may offer discounts for good student, multi-policy, driver training, student away at school, hybrid/electric vehicle, and save driver.
- SAFECO has savings for multi-car, accident prevention training, anti-lock brakes, anti-theft, safe driver, bundle discounts, and teen safe driver.
- AAA offers premium reductions for good driver, multi-car, education and occupation, AAA membership discount, and anti-theft.
If you need lower rates, check with all companies you are considering how you can save money. Some credits might not apply everywhere. To view companies who offer online Hyundai Genesis insurance quotes in Milwaukee, click this link.
Buying auto insurance from Milwaukee auto insurance agents
A small number of people would rather go talk to an agent and that is just fine! An additional benefit of comparing insurance prices online is you may find cheap auto insurance quotes and still have a local agent. Buying insurance from local agencies is definitely important in Milwaukee.
To help locate an agent, after submitting this short form, your insurance data gets sent to local insurance agents in Milwaukee that can give you free Milwaukee car insurance quotes to get your business. You don’t have to find an agent since rate quotes are delivered instantly to you. You can find better rates without a big time investment. If you want to get a comparison quote from one company in particular, you would need to jump over to their website to submit a rate quote request.
Milwaukee auto insurance agents are either independent or exclusive
When narrowing the list to find a reliable insurance agency, you need to know there are two different types of agencies and how they are slightly different. Auto insurance policy providers are considered either independent or exclusive depending on the company they work for.
Independent Agents (or Brokers)
Independent agencies are not required to write business for one company so they can quote policies through lots of different companies enabling the ability to shop coverage around. If they find a lower price, the business is moved internally and you stay with the same agent. When comparing rate quotes, it’s recommended you compare quotes from several independent agencies so that you have a good selection of quotes to compare.
Shown below are Milwaukee independent agents that may be able to give you pricing information.
5600 W Center St – Milwaukee, WI 53210 – (414) 873-4500 – View Map
Exclusive Insurance Agencies
Exclusive agents work for only one company such as Farmers Insurance and State Farm. These agents are unable to compare rates from other companies so if the price isn’t competitive there isn’t much they can do. They are very knowledgeable in insurance sales which helps them sell insurance even at higher premiums.
Below are Milwaukee exclusive insurance agencies that are able to give price quotes.
Finding a good insurance agent should depend on more than just the quoted price. These are some questions your agent should answer.
- Are they paid to recommend certain coverages?
- How much experience to they have in personal lines coverages?
- Who are their largest clients?
- Do they have a Better Business Bureau rating in Milwaukee?
- Is the coverage adequate for your vehicle?
- Will they give you a referral list?
Don’t be fooled by advertising claims
Allstate and Progressive continually stream ads on television and other media. They all seem to tend to make the same promise that drivers can save some big amount just by switching your coverage to them. How is it plausible that every one can cost less than your current company? It’s all in the numbers.
Insurance companies require specific criteria for the driver that will not have excessive claims. For example, a profitable risk profile may be over the age of 35, has had continuous coverage, and drives less than 7,500 miles a year. Someone who fits those characteristics receive the lowest rate quotes in Milwaukee and is almost guaranteed to cut their rates substantially.
Potential insureds who don’t meet those criteria will get a more expensive rate which usually ends up with the customer buying from a different company. Company advertisements say “people that switch” but not “all drivers who get quotes” can save as much as they claim. That’s why insurance companies can confidently make the claims of big savings.
Because of these techniques, it is so important to get a wide range of price quotes. You cannot predict which company will have the best prices for your profile.
Auto insurance coverage information
Having a good grasp of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types available from auto insurance companies.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Hyundai Genesis.
Since many Wisconsin drivers only purchase the least amount of liability that is required (which is 25/50/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Liability auto insurance
Liability insurance can cover damages or injuries you inflict on people or other property that is your fault. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/10 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $10,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like legal defense fees, emergency aid and bail bonds. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford. Wisconsin state minimum liability requirements are 25/50/10 but it’s recommended drivers buy more coverage.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as damage from flooding, vandalism, falling objects, damage from a tornado or hurricane and damage from getting keyed. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Insurance for medical payments
Coverage for medical payments and/or PIP kick in for immediate expenses for things like EMT expenses, X-ray expenses, doctor visits, surgery and chiropractic care. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Coverage for collisions
This pays for damage to your Genesis caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims like driving through your garage door, crashing into a building, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also raise the deductible on your Genesis to save money on collision insurance.
Cheaper auto insurance is a realistic goal
As you restructure your insurance plan, it’s not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced full coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your goal is to get the best coverage possible for the lowest cost while not skimping on critical coverages.
You just learned many ideas to compare Hyundai Genesis insurance rates in Milwaukee. The key thing to remember is the more you quote Milwaukee car insurance, the higher your chance of finding low cost Milwaukee car insurance quotes. You may even find the most savings is with a lesser-known regional company. Some small companies can often provide lower car insurance rates in certain areas than the large multi-state companies such as Progressive or GEICO.
More tips and info about auto insurance is available in these articles:
- Smart Auto Insurance Tips (Insurance Information Institute)
- How Much are Milwaukee Car Insurance Rates for Ride Shares? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Ford Escape in Milwaukee? (FAQ)
- What Auto Insurance is Cheapest for Good Students in Milwaukee? (FAQ)
- How Much are Car Insurance Rates for Lyft Drivers in Milwaukee? (FAQ)
- Collision Coverage (Liberty Mutual)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Older Drivers FAQ (iihs.org)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)