Think you have overpriced Tesla Model X insurance in Milwaukee? Say no more because many Milwaukee consumers feel financially strained by their car insurance policy.
Sadly, almost 70% of insureds kept their coverage with the same car insurance company for four years or more, and virtually 40% of consumers have never quoted rates to find cheaper coverage. Most drivers in Milwaukee could save as much as 30% each year by just shopping around, but they think it’s difficult to shop their coverage around.
Many auto insurance companies vie to insure your vehicles, so it can be very hard to choose a insurer and get the definite lowest rate on Tesla Model X insurance in Milwaukee.
To find cheap rates, there are a couple of ways to compare prices from different Milwaukee insurance companies. The fastest way to find the lowest Tesla Model X rates is to use the internet to compare rates.
It’s so simple to compare auto insurance quotes online takes the place of having to physically go to local Milwaukee insurance agencies. Doing it all online makes this unnecessary unless you prefer the trained advice that you can only get from talking to an agent. Although, it is possible price shop online but still have the advice of a local agent. When price shopping your coverage, comparing a wide range of rates helps increase your odds of locating a better price.
The auto insurance companies shown below are our best choices to provide free rate quotes in Milwaukee, WI. If multiple providers are shown, we suggest you visit as many as you can to find the cheapest auto insurance rates.
Three main reasons to buy car insurance
Even though it’s not necessarily cheap to insure a Tesla in Milwaukee, car insurance is required for several reasons.
- The majority of states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability coverage if you want to drive legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Tesla Model X, it’s most likely the lender will require you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Tesla at a significantly higher premium and force you to pay much more than you were paying before.
- Insurance safeguards your Tesla and your assets. It will also reimburse you for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the repair costs.
The benefits of insuring your car are definitely more than the cost, particularly when you have a large claim. Today the average American driver is overpaying more than $750 every year so compare quotes from several companies at every renewal to make sure the price is not too high.
Determine discounts on Milwaukee car insurance
Some insurance providers don’t list their entire list of discounts in a way that’s easy to find, so the following list contains some of the best known and the harder-to-find savings tricks you should be using when you buy Milwaukee auto insurance online.
- Payment Method – By paying your entire bill at once rather than paying monthly you can avoid the installment charge.
- Accident Forgiveness Coverage – This isn’t a discount exactly, but certain companies may permit one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
- Bundle and Save – If you insure your home and vehicles with the same insurance company you could get a discount of over 10 percent off each policy depending on the company.
- Sign Early and Save – A few car insurance companies allow discounts for signing up prior to your current Model X insurance policy expiration. This discount can save up to 10%.
- Military Discounts – Being on active duty in the military could trigger a small discount.
- Paper-free Discount – Certain insurance companies will give a small break just for signing your application on your computer.
- Cautious Driver Discount – Accident-free drivers can save as much as half off their rates than less cautious drivers.
- Homeowners Savings – Owning your own home or condo can help you save on car insurance because of the fact that having a home requires personal responsibility.
- Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
- Student in College – College-age children living away from Milwaukee attending college and do not have access to a covered vehicle can receive lower rates.
It’s important to understand that most of the big mark downs will not be given to the whole policy. Most only cut individual premiums such as liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any amount of discount will bring down your policy cost.
Companies and a selection of discounts are included below.
- GEICO may offer discounts for driver training, emergency military deployment, multi-policy, good student, anti-theft, membership and employees, and military active duty.
- MetLife policyholders can earn discounts including good student, multi-policy, accident-free, good driver, and defensive driver.
- Progressive may include discounts for good student, online signing, online quote discount, homeowner, continuous coverage, and multi-policy.
- Travelers offers discounts including save driver, IntelliDrive, payment discounts, driver training, and home ownership.
- SAFECO has savings for teen safe driver, teen safety rewards, anti-lock brakes, multi-car, anti-theft, drive less, and homeowner.
- AAA may have discounts that include education and occupation, multi-policy, multi-car, good driver, and anti-theft.
It’s a good idea to ask every insurance company what discounts are available to you. Savings may not be available everywhere.
Your situation helps dictate your coverage
When buying a policy, there really is not a “best” method to buy coverage. Your financial needs are unique so this has to be addressed.
These are some specific questions may help highlight whether or not you would benefit from professional advice.
- Do I pay less if my vehicle is kept in my garage?
- Does insurance cover tools stolen from my truck?
- Should I pay a claim out-of-pocket?
- Do I need added coverage for expensive stereo equipment?
- Should I have combined single limit or split liability limits?
- What exactly is covered by my policy?
- Should I carry comprehensive and collision coverage?
- Does my policy cover me if I wreck while driving under the influence?
- When should I drop full coverage on my Tesla Model X?
If you’re not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Are auto insurance agents of importance?
Many drivers still prefer to visit with an insurance agent and there is nothing wrong with that. An additional benefit of price shopping on the web is that drivers can save money and get cheap rate quotes and still have a local agent. And buying from local agencies is important particularly in Milwaukee.
After filling out this simple form, the coverage information is immediately sent to local insurance agents who will return price quotes for your business. It makes it easy because there is no need to contact any insurance agencies since price quotes are sent to you. You’ll get the best rates and an insurance agent to talk to. If for some reason you want to compare rates from a specific insurance company, you just need to jump over to their website to submit a rate quote request.
If you are wanting to purchase auto insurance from local Milwaukee agents, you must know there are a couple types of agencies from which to choose. Auto insurance agents can be categorized as either exclusive agents or independent agents.
Independent Auto Insurance Agents (or Brokers)
These type of agents are not required to write business for one company and that is an advantage because they can write policies through lots of different companies and find you the best rates. If they find a lower price, they can switch companies in-house and you can keep the same agent.
If you are comparing auto insurance prices, it’s a good idea to check rates from a couple of independent agencies for maximum quote selection.
The following are Milwaukee independent insurance agents that can possibly get you free price quotes.
Exclusive Auto Insurance Agencies
Agents of this type generally can only insure with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to place coverage with different providers so you need to shop around if the rates are high. Exclusive insurance agents are trained well on their company’s products and that enables them to sell even at higher rates.
Shown below are Milwaukee exclusive agents who can help you get price quote information.
Choosing a car insurance agent should include more criteria than just a cheap price. Any agent in Milwaukee should be forthright in answering these questions:
- Can glass repairs be made at your home?
- Does the agent help file claims?
- Is there a Errors and Omissions policy in force?
- Is working in the agency their full-time job?
- What is the agency’s Better Business Bureau rating?
- Is the quote a firm price?
- Which family members are covered?
- Are there any discounts for paying up front?
Information about specific coverages
Having a good grasp of auto insurance can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types available from auto insurance companies.
This pays for damage to your Model X caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like colliding with a tree, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also bump up the deductible on your Model X to save money on collision insurance.
Comprehensive or Other Than Collision
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things like a broken windshield, damage from getting keyed and theft. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Medical costs insurance
Med pay and PIP coverage reimburse you for expenses for ambulance fees, hospital visits and pain medications. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Auto liability insurance
Liability insurance provides protection from damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/10 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for claims like court costs, attorney fees, repair costs for stationary objects, bail bonds and pain and suffering. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford. Wisconsin state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy better liability coverage.
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Tesla Model X.
Since a lot of drivers only purchase the least amount of liability that is required (Wisconsin limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.
How much can you save?
In this article, we covered a lot of information how to lower your Tesla Model X insurance premium rates in Milwaukee. The most important thing to understand is the more companies you get prices for, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest priced insurance comes from a small mutual company. These companies often have lower prices on specific markets as compared to the big name companies such as Allstate, GEICO and Progressive.
As you shop your coverage around, don’t be tempted to skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible for the lowest cost, but do not skimp to save money.
Helpful learning opportunities
- Frontal Crash Tests (iihs.org)
- Who Has Affordable Car Insurance Quotes for Teenagers in Milwaukee? (FAQ)
- How Much are Car Insurance Rates for Used Cars in Milwaukee? (FAQ)
- How Much is Milwaukee Auto Insurance for Low Mileage Drivers? (FAQ)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Think You’re a Safe Driver? (State Farm)
- Steps to Take After an Auto Accident (Insurance Information Institute)