One of the more important things that determine car insurance rates is where you choose to live in Milwaukee. Areas with more people or more claims tend to pay more, whereas less populated areas profit from lower rates.
The illustration below lists the highest-priced places in Wisconsin for a Toyota Camry to buy car insurance in. Milwaukee shows up at #1 with an annual cost of $1,368 for coverage, which is approximately $114 per month.
|Rank||City||Premium Per Year|
|Get a Custom Quote Go|
Prices are estimated as the garaging address in Milwaukee can alter coverage rates noticeably.
Deciphering which insurers offer the cheapest insurance rates for a Toyota Camry will involve a little more work in order to find coverage that fits your budget.
Each auto insurer has a proprietary method for determining rates, so let’s rank the insurance companies that tend to be cheaper in Milwaukee, WI.
Best Cheap Insurance Rates for Your Camry
|Rank||Company||Cost Per Year|
|8||Rural Mutual Insurance||$779|
|11||West Bend Mutual||$899|
|15||Auto Club Group||$977|
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USAA generally has some of the most affordable car insurance rates in Milwaukee at around $586 annually. This is $575 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide also are some of the lowest-priced Milwaukee, WI insurance companies.
As shown in the table above, if you currently buy coverage from Nationwide and switched to Partners Mutual, you could earn a yearly savings of approximately $143. Wisconsin drivers with Pekin Insurance may save as much as $143 a year, and Western National insureds might lower prices by $145 a year.
Understand that those policy rates are averages for all drivers and vehicles and are not factoring in a specific vehicle garaging location for a Toyota Camry. So the company that has the cheapest rates for you may not even be in the top 30 companies shown above. That emphasizes why you need to quote rates from many companies using your own driver data and vehicle information.
Best insurance in Wisconsin
Selecting the top insurance company can be difficult considering how many companies sell coverage in Wisconsin. The rank data in the next section may help you select which insurers to look at when shopping around.
These rankings include large, nationwide insurance companies, so smaller companies are not factored into the list. To compare rates from many more Wisconsin auto insurance companies, follow this link.
Top 10 Large Auto Insurance Companies in Milwaukee Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
The illustration below highlights how deductible selection can affect premium costs when getting quotes for cheap insurance for a Toyota Camry. The premium estimates are based on a married male driver, comp and collision included, and no discounts are applied to the premium.
The chart above illustrates that a 50-year-old driver could save $192 a year by changing from a $100 deductible to a $500 deductible, or save $290 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, could drop their prices $640 annually by using a higher deductible.
If you do decide to increase your deductibles, it will be important to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Why you should shop around
Wisconsin insurance rates are based on many factors that will increase or decrease the policy price. Getting older, marrying your spouse, or getting a reckless driving citation can trigger price changes that may make certain companies more affordable than the competition. Also, insurers change premium rates as often as every three months as an adjustment for underwriting gains or losses. Heavy losses may result in additional price hikes, while profitable underwriting can result in cheaper Milwaukee car insurance rates.
To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in Milwaukee, WI for a 40-year-old male driver with no prior accidents, a clean driving record, and a high credit rating. Based on his current rating profile, USAA quotes the most affordable car insurance rates in Milwaukee at $875 annually. This is $286 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Rockford Mutual, Erie, and Pekin Insurance are the rest of the best Milwaukee, WI auto insurance companies.
In this example, we will give the driver from the above example a claim or two, less-than-perfect credit, and a traffic ticket or two. Since each auto insurer has a different process for determining prices, comparing quotes could result in a significantly different list of the cheapest Milwaukee car insurance companies as shown below.
Nationwide now has the best insurance rate in Milwaukee, WI with Rural Mutual Insurance, Western National, Travelers, and Partners Mutual now rounding out the top five. This example illustrates why Wisconsin drivers need to compare as many rates as possible to get affordable car insurance rates for a Toyota Camry. Car insurance prices consist of many risk factors and can increase or decrease at any time, so the best company the last time you shopped your coverage around may now be costing you a lot of money.
How to find low-cost car insurance for a Toyota Camry
Lowering your rates is not difficult, and here are a few money-saving ideas that can help Wisconsin drivers get cheaper auto insurance.
- Older vehicles may not need full coverage
- Higher credit ratings may save you money
- Buy a safer vehicle
- Bundle home or renters insurance to earn a discount on car insurance
- Prevent rate increases by staying accident-free
- Compare rate quotes frequently
The final tip is certainly important, as we noted in this article. Auto insurance rates can be changed at any time, so don’t be tentative to buy from a different company if a better rate can be found.
Brand loyalty is not necessarily bad, but it isn’t a good idea if that inflexibility results in costing you hundreds every year. Now is a great time to compare prices and find cheaper auto insurance for a Toyota Camry in Milwaukee.
The agents listed below can most likely help you decide which car insurance policy is best, as some drivers have questions and prefer to get help from a professional when shopping around for cheaper insurance for a Toyota Camry. It can be time-consuming to find the best rates on your own, and agents can provide comfort knowing your policy gives you adequate coverage when you need it most. To locate a Milwaukee insurance agent using an interactive map, click the link after the list or click here to compare price quotes.
American Family Insurance – Lamar E. Dismuke
8201 W Capitol Dr – Milwaukee, WI 53222 – (414) 527-1925
Frank Medina Insurance WI
342 N Water St Ste 600 – Milwaukee, WI 53202 – (414) 877-0777
State Farm Insurance
2121 S Kinnickinnic Ave #7 – Milwaukee, WI 53207 – (414) 483-3300
Allstate Insurance: Alex Ferreira
3436 South 13th Street – Milwaukee, WI 53215 – (414) 672-2000