This would be a really short article if we could just give you the name of the one company in Milwaukee that has the best deal on coverage in Wisconsin. It’s not that simple, unfortunately, as there are many unknowns such as your annual mileage driven, your credit score, and whether or not you own a home. The content below will cover the things that cause high insurance rates and will hopefully give you a good beginning to your search for cheaper coverage.
One of the many components that aid in calculating auto insurance rates is where you keep your car in Milwaukee. Areas with high crime rates or more dense population tend to have higher rates, whereas areas with less congestion benefit from lower coverage costs.
The information below ranks the highest-priced places in Wisconsin for low mileage drivers to buy auto insurance in. Milwaukee is ranked at #1 with an annual cost of $1,396 for coverage, which is approximately $116 per month.
|Rank||City||Premium Per Year|
|22||Fond du Lac||$956|
|Find Cheaper Insurance Go|
Rates are estimated as the garaging address in Milwaukee can alter premium rates substantially.
The make and model of vehicle needing coverage is a large factor that determines whether or not you can buy affordable coverage for low mileage drivers. Vehicles with higher performance characteristics, poor safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models.
The next list features car insurance costs for a selection of the most economical vehicles to insure in Wisconsin.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Volkswagen Jetta S 2.5 Station Wagon||$1,799|
|Ford Explorer XLT 4WD||$1,860|
|Chevrolet Impala LS||$1,924|
|Ford Edge SEL AWD||$1,931|
|Honda CR-V EX-L 4WD||$1,945|
|Toyota RAV4 Limited 4WD||$1,962|
|Chevrolet Silverado LS Extended Cab 4WD||$1,971|
|Toyota Tacoma Double Cab 4WD||$1,962|
|Ford Escape Limited 4WD||$2,062|
|Nissan Altima 2.5 S 4-Dr Sedan||$2,065|
|Nissan Rogue S 2WD||$2,103|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$2,113|
|Jeep Grand Cherokee Limited 2WD||$2,103|
|Honda Accord EX-L 4-Dr Sedan||$2,211|
|Ford F-250 XL Cabela Package 2WD||$2,243|
|Find Cheaper Rates Go|
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in vehicle garaging location which can modify rates noticeably.
Looking at the numbers, we can presume that models like the Volkswagen Jetta, Ford Explorer, and Chevrolet Impala are some of the most economical vehicles to insure for infrequent drivers.
Shopping around for low-priced car insurance is not most people’s favorite thing to do, and finding out which companies offer the most affordable auto insurance rates for low mileage drivers will require additional perseverance. Each insurance company has a proprietary method to establish rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Milwaukee, WI.
Keep in mind that Milwaukee auto insurance rates are calculated based on many things that will increase or decrease the price you have to pay for coverage. Getting older, buying a home, or getting a DUI can trigger rate changes resulting in some companies being more expensive than competitors.
Find the Cheapest Auto Insurance in Wisconsin
USAA may have some of the cheapest car insurance rates in Milwaukee at around $586 per year. This is $575 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual are also some of the most economical Milwaukee, WI auto insurance companies.
In the rate table above, if you are a policyholder with Partners Mutual and switched to USAA, you could see an annual premium reduction of about $28. Policyholders with Erie may save as much as $138 a year, and Nationwide insureds might see rate reductions of $166 a year.
Remember that these prices are averages across all drivers and vehicles and and are not figured with an exact vehicle garaging location for low mileage drivers. So the car insurance company that fits your situation best may not even be in the list above. That illustrates why you need to quote rates from many companies using your own driver data and vehicle information.
Poor driving habits will raise your auto insurance rates
The ideal way to earn affordable auto insurance premiums in Milwaukee for infrequent drivers is to be a cautious driver and avoid accidents and keep your driving record clean. The diagram below highlights how traffic violations and at-fault accidents influence auto insurance rates for different age groups of insureds. The premiums assume a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
In the previous chart, the average cost of auto insurance per year with a clean driving record and no accidents is $1,100. Receive two speeding tickets and the average cost hikes up to $1,509, an increase of $409 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of auto insurance for low mileage drivers goes up to an average of $3,226. That’s an increase of $2,126, or $177 per month, just for not driving safely!
Difference between full coverage and liability only rates
Finding the cheapest auto insurance should be important to the majority of people, and a great way to pay less for insurance for low mileage drivers is to not buy full coverage. The chart below compares insurance rates with liability coverage only compared to full coverage. The data assumes no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no policy discounts are applied.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs an extra $1,054 per year over and above liability only. That raises the question if you should buy full coverage. There is no definitive formula that is best for determining when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 annually for full coverage, then it may be the right time to buy liability only.
Get discount Milwaukee car insurance
Car insurance companies that offer cheap quotes for low mileage drivers may also give you discounts that could lower prices by as much as 30% if you are eligible to receive them. A few popular companies and their possible discounts include:
- 21st Century offers premium reductions for theft prevention, anti-lock brakes, automatic seat belts, 55 and older, and driver training.
- State Farm discounts include good student, anti-theft, accident-free, multiple policy, passive restraint, driver’s education, and good driver.
- AAA has savings for good driver, good student, AAA membership discount, multi-car, anti-theft, multi-policy, and pay-in-full.
- Liberty Mutual may have discounts that include new graduate, new move discount, newly married, safety features, and newly retired.
- Progressive has discounts for multi-policy, continuous coverage, online quote discount, online signing, multi-vehicle, and good student.
The diagram below visualizes the comparison of insurance costs with and without some available policy discounts. The information is based on a male driver, no violations or claims, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with passive restraint, safe-driver, defensive driving course, accident-free, anti-theft, and vehicle safety discounts applied. When drivers take advantage of discounts, the average savings per year on auto insurance for low mileage drivers is 28% or $403.
How to find economical auto insurance for low mileage drivers
The list below details some money-saving solutions that can help you buy lower-cost car insurance.
- Do not insure for full coverage
- Try to remain claim-free
- At-fault accidents can raise rates significantly
- Do not get tickets
- Higher deductibles mean lower rates
- Look for cheaper rates once a year by shopping around
That last piece of advice is extraordinarily necessary, as we pointed out in this write-up. Auto insurance rates in Milwaukee fluctuate constantly, so don’t be hesitant to switch companies if you find a better deal. Loyalty to a specific company is fine, but it’s not a good idea if that loyalty results in overpaying big bucks every year. If you have a few minutes, now is a great time to shop around to find cheaper insurance for low mileage drivers.
If you wish to have the advice of a professional agent when comparing insurance rates for infrequent drivers, the professional agents shown below are willing to help you determine which insurance coverage will be best for you.
To locate an agency closest to you, click the button link following the list or click here to compare rates now.
American Family Insurance – Jaime Mercado
709 W Layton Ave – Milwaukee, WI 53221 – (414) 481-4400
American Family Insurance – James W Eve Agency LLC
6917 W Oklahoma Ave – Milwaukee, WI 53219 – (414) 546-2100
Santiago Insurance Agency
828 W Historic Mitchell St – Milwaukee, WI 53204 – (414) 727-8284
Farmers Insurance – Roger Channing
4369 S Howell Ave #201 – Milwaukee, WI 53207 – (414) 482-9400