The make and model of vehicle needing coverage is one of the main factors when comparing low-cost car insurance for felons. Vehicles with limited speed and performance, excellent safety ratings, or low incidents of liability claims will cost quite a bit less to insure than higher performance models. The table below shows coverage costs for a selection of the most budget-friendly automobiles to insure in Wisconsin.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Toyota Prius | $1,855 |
| Ford Explorer Eddie Bauer 2WD | $1,876 |
| Ford Escape XLS 2WD | $1,917 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,958 |
| Chevrolet Malibu LT | $2,017 |
| Honda Accord LX-P 4-Dr Sedan | $2,049 |
| Honda CR-V LX 4WD | $2,057 |
| Ford Edge SE 2WD | $2,108 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $2,120 |
| Chevrolet Silverado LS Crew Cab 4WD | $2,130 |
| Nissan Altima Hybrid 4-Dr Sedan | $2,120 |
| Ford Fusion SEL 4-Dr Sedan | $2,127 |
| Jeep Grand Cherokee SRT-8 4WD | $2,120 |
| GMC Sierra SLE Extended Cab 4WD | $2,129 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $2,158 |
| Chevrolet Impala LS | $2,225 |
| Ford Focus SE 4-Dr Sedan | $2,231 |
| Hyundai Elantra SE Touring Station Wagon | $2,228 |
| Dodge Grand Caravan SE | $2,299 |
| Ford F-150 Lariat Super Cab 4WD | $2,311 |
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in the specific area where the vehicle is garaged which can decrease or increase insurance rates considerably.
Looking at the data, makes and models like the Toyota Prius, Ford Explorer, and Ford Escape are going to be the most economical vehicles to insure for felons.
For felons, one of the big things that determine the cost of insurance is your zip code. More densely populated places tend to have higher rates, whereas more rural areas can boast about having cheaper rates.
The illustration below shows the most expensive cities in Wisconsin for felons to purchase auto insurance in. Milwaukee is listed at #1 with an annual cost of $1,396 for car insurance, which is approximately $116 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Milwaukee | $1,396 |
| 2 | Wauwatosa | $1,319 |
| 3 | West Allis | $1,210 |
| 4 | Oak Creek | $1,202 |
| 5 | Kenosha | $1,194 |
| 6 | Racine | $1,193 |
| 7 | Greenfield | $1,168 |
| 8 | Beloit | $1,152 |
| 9 | Franklin | $1,151 |
| 10 | Eau Claire | $1,081 |
| 11 | Wausau | $1,079 |
| 12 | Brookfield | $1,077 |
| 13 | New Berlin | $1,049 |
| 14 | Madison | $1,040 |
| 15 | Menomonee Falls | $1,037 |
| 16 | Waukesha | $1,023 |
| 17 | La Crosse | $1,022 |
| 18 | Janesville | $1,022 |
| 19 | Manitowoc | $997 |
| 20 | Oshkosh | $989 |
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Premium amounts are comparative as zip code location can revise premiums substantially.
Get discounts on Milwaukee auto insurance rates
Insurers that offer coverage for felons may also provide price discounts that can lower rates by as much as 30% if you can meet the requirements. A few popular companies and a selection of discounts are detailed below.
- GEICO may offer discounts for military active duty, defensive driver, good student, daytime running lights, anti-theft, seat belt use, and driver training.
- USAA offers discounts for loyalty savings, military installation, multi-policy, family discount, safe driver, and multi-vehicle.
- Progressive discounts include online quote discount, good student, multi-policy, continuous coverage, and multi-vehicle.
- American Family offers premium reductions for defensive driver, early bird, mySafetyValet, air bags, and bundled insurance.
- Esurance has savings for defensive driver, anti-lock brakes, DriveSense, Switch & Save, multi-car, safety device, and emergency road assistance.
- Farmers Insurance may include discounts for homeowner, pay in full, switch companies, mature driver, multi-car, and good student.
- State Farm includes discounts for multiple autos, passive restraint, good driver, Drive Safe & Save, Steer Clear safe driver discount, and multiple policy.
The illustration below compares auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents or driving violations, Wisconsin state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, anti-theft, homeowner, multiple vehicle, passive restraint, and claim-free discounts applied. In this example, theaverage yearly reduction on car insurance for felons is 27% or $365.
Cost difference between full coverage and liability
Finding the cheapest car insurance should be important to the majority of drivers, and one common way to pay lower rates for insurance for felons is to only buy liability coverage. The illustration below shows the difference between insurance rates with full coverage compared to only the Wisconsin minimum liability coverage. The rate quotes are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no discounts are taken into consideration.
If averaged out across all ages, physical damage insurance costs an extra $1,621 per year over and above liability only. That brings up the question when is the right time to remove full coverage. There is no exact formula to eliminate comp and collision coverage, but there is a general school of thought. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your vehicle’s replacement cost is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $10,000 after paying your deductible. If you are currently paying more than $1,000 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
You may be paying too much for car insurance
Wisconsin car insurance rates are influenced by many factors that control the policy price. Simply having a birthday, adding a teenager to your policy, or getting a reckless driving citation can trigger rate changes that can cause some rates to be much cheaper than others.
Also, auto insurance companies file new Wisconsin auto insurance rates as often as every quarter in order to be able to pay unexpected claims. Heavy losses may cause additional premium costs, while lower claim levels can cause lower-priced Milwaukee car insurance rates.
To illustrate this example, the chart below demonstrates which company has the cheapest car insurance in Milwaukee, WI for a 35-year-old male driver with a good driving record, no prior claims, and a decent credit rating. If we look at prices based on his current risk profile, USAA quotes the cheapest car insurance rates in Milwaukee at $860 each year. This is $301 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Rockford Mutual are the rest of the top five cheapest Milwaukee, WI auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a chargeable accident, poor credit, and a blemish on his driving record. Due to the fact that every insurance company has their own unique process for filing rates in each state, comparing insurance quotes may now result in a different list of the cheapest companies as shown below.
Integrity Mutual now has the cheapest insurance rate in Milwaukee with Nationwide, Rural Mutual Insurance, Travelers, and Partners Mutual now being in the top five. This demonstrates why consumers need to take the time to shop around when trying to find the most budget-friendly insurance rates for felons.
Insurance rates are calculated by many different factors and can decrease or increase without notice, so the most economical company the last time you compared rates may now cost much more than other companies.