Wouldn’t life be so easy if we knew the one company that has the cheapest insurance for inexperienced drivers? It’s not quite that easy, unfortunately, as there are a whole slew of unknown elements such as how high your deductibles should be, the annual mileage you drive, and your financial responsibility. Car insurance is kind of a dry topic, but this article will explain the things that influence insurance rates and will hopefully give you a good start to your coverage search.
The type of vehicle on the policy is a significant factor when comparison shopping for the best car insurance for inexperienced drivers. Vehicles with average performance, good safety features, or a low likelihood of having liability claims will cost much less to insure than high performance models.
The next list estimates car insurance rates for a selection of the most cost-effective vehicles to insure in Wisconsin.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,829 |
| Ford Escape XLS 4WD | $2,003 |
| Ford Explorer XLT 2WD | $2,052 |
| Honda CR-V LX 2WD | $2,067 |
| Chevrolet Impala LT | $2,168 |
| Toyota Prius | $2,229 |
| Ford Fusion SE 4-Dr Sedan | $2,323 |
| Nissan Altima Hybrid 4-Dr Sedan | $2,331 |
| Ford F-150 XL Regular Cab 4WD | $2,329 |
| Dodge Grand Caravan SE | $2,336 |
| Toyota RAV4 Limited 4WD | $2,369 |
| Ford Focus SE 4-Dr Sedan | $2,390 |
| Ford Edge Limited 2WD | $2,398 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $2,418 |
| Chevrolet Malibu LT | $2,423 |
| Kia Optima EX | $2,476 |
| Toyota Camry SE | $2,500 |
| Hyundai Elantra SE 4-Dr Sedan | $2,508 |
| Chevrolet Silverado LT Extended Cab 2WD | $2,536 |
| Nissan Rogue S 2WD | $2,541 |
| Jeep Grand Cherokee Limited 2WD | $2,549 |
| Toyota Corolla LE | $2,558 |
| Honda Odyssey EX-L W/Rear Entertainment | $2,565 |
| Find Cheaper Rates Go | |
Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in zip code location which can influence price quotes noticeably.
Based upon these rates, you can see that models like the Honda Accord, Ford Escape, Ford Explorer, Honda CR-V, and Chevrolet Impala are most likely to be a few of the less-costly vehicles to insure for new drivers.
Trying to find affordable insurance is not the easiest thing to do, and finding out which companies offer the lowest-priced car insurance rates for inexperienced drivers requires even more work. Each insurance company has a different formula to establish rates, so let’s rank the overall cheapest car insurance companies in Milwaukee.
It’s important that you understand Wisconsin car insurance rates are influenced by many factors which can substantially change your annual premium. Turning one year older, buying a different home, or having a fender bender may generate price changes that can make some companies more expensive than others.
Find the Cheapest Auto Insurance for Newbies
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $580 |
| 2 | Partners Mutual | $614 |
| 3 | Rockford Mutual | $724 |
| 4 | Erie | $724 |
| 5 | Pekin Insurance | $752 |
| 6 | Integrity Mutual | $762 |
| 7 | Rural Mutual Insurance | $772 |
| 8 | Nationwide | $775 |
| 9 | Western National | $777 |
| 10 | Travelers | $796 |
| 11 | West Bend Mutual | $890 |
| 12 | The Hartford | $922 |
| 13 | State Farm | $923 |
| 14 | Auto Club Group | $939 |
| 15 | General Casualty | $954 |
| 16 | Auto-Owners | $1,114 |
| 17 | American Family | $1,125 |
| 18 | Farmers | $1,141 |
| 19 | Progressive | $1,152 |
| 20 | GEICO | $1,226 |
| Find Cheaper Rates Go | ||
USAA may offer some of the most affordable car insurance rates in Milwaukee at around $580 each year. This is $581 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Rockford Mutual, Erie, and Pekin Insurance also qualify as some of the lowest-priced Milwaukee, WI insurance companies.
In the above example, if you currently buy coverage from Pekin Insurance and switched to Partners Mutual, you may see a yearly price reduction of around $138. Customers with Integrity Mutual could save as much as $148 a year, and Rural Mutual Insurance insureds might reduce prices by as much as $158 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or visit any of the companies below.
Understand that those policy prices are averaged across all insureds and vehicles and are not factoring in a specific zip code for inexperienced drivers. So the insurer that fits your age and vehicle best may not even be in the top 30 companies shown above. That point stresses why you need to get rate quotes using your own driver and vehicle profiles.
For new drivers, one of the more important components that aid in calculating insurance cost is where your residence is. More densely populated places tend to have more expensive auto insurance rates, whereas areas that tend to be more rural have the gratification of cheaper auto insurance rates.
The next table lists the priciest cities in Wisconsin for inexperienced drivers to purchase car insurance in. Milwaukee is ranked #1 with an annual cost of $1,410 for coverage, which is around $118 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Milwaukee | $1,410 |
| 2 | Wauwatosa | $1,319 |
| 3 | Kenosha | $1,218 |
| 4 | West Allis | $1,210 |
| 5 | Racine | $1,193 |
| 6 | Oak Creek | $1,166 |
| 7 | Greenfield | $1,156 |
| 8 | Beloit | $1,152 |
| 9 | Franklin | $1,129 |
| 10 | Eau Claire | $1,091 |
| 11 | Waukesha | $1,065 |
| 12 | Menomonee Falls | $1,057 |
| 13 | Wausau | $1,047 |
| 14 | Brookfield | $1,035 |
| 15 | La Crosse | $1,033 |
| 16 | Madison | $1,030 |
| 17 | New Berlin | $1,029 |
| 18 | Janesville | $1,011 |
| 19 | West Bend | $1,007 |
| 20 | Manitowoc | $987 |
| 21 | Fond du Lac | $985 |
| 22 | Green Bay | $969 |
| 23 | Oshkosh | $960 |
| 24 | Appleton | $936 |
| 25 | Sheboygan | $935 |
| Compare Prices Now Go | ||
Premium costs are comparative as zip code location can decrease or increase premium rates significantly.
Drive responsibly or pay higher rates
The recommended way to snag the best car insurance premiums in Wisconsin for new drivers is to be a careful driver and avoid accidents and keep your driving record clean. The information below shows how violations and at-fault accidents can affect insurance rates for different categories of driver ages. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
In the prior example, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,679. Get two speeding tickets and the average cost surges to $2,260, an increase of $581 each year. Next add one accident along with the two speeding tickets and the annual cost of car insurance for inexperienced drivers increases to an average of $2,854. That’s an increase of $1,175, or $98 per month, just for being a less-than-perfect driver!
The diagram below highlights how deductible selection can impact insurance costs when trying to find cheap insurance for inexperienced drivers. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
As shown above, a 30-year-old driver could reduce rates by $246 a year by changing from a $100 deductible to a $500 deductible, or save $370 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could possibly save as much as $524 every year by choosing a higher deductible.
When increasing deductibles, it is a good idea to have emergency funds available to allow you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Why it’s important to shop around
Milwaukee, WI car insurance rates are calculated based on many things that will increase or decrease the cost of coverage. Improving your credit score, buying another vehicle, or having an at-fault accident can trigger changes in premium resulting in some companies being affordable when they were higher priced.
And not only may your rating factors change, but insurance companies modify pricing at least once a year to adjust for unexpected claims or profits. Heavier than normal losses can cause increased rates, while less frequent claims may cause more affordable Milwaukee car insurance rates.
For instance, the chart below shows the cheapest car insurance in Milwaukee, WI for a 40-year-old male driver with no accidents, a clean driving record, and a good credit history. If we estimate rates based on his current rating profile, USAA may have the cheapest car insurance rates in Milwaukee at $911 per year. This is $250 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide are the remaining cheapest Milwaukee, WI auto insurance companies.
In this next rate comparison, we will give the driver in the first example an accident surcharge, a lower credit rating, and a speeding citation. Since every insurance provider has a proprietary formula to set policy rates, analyzing rates may now result in a substantially altered list of companies as shown below.
Rural Mutual Insurance now has the best insurance rate in Milwaukee, WI with Western National, Integrity Mutual, Partners Mutual, and Travelers completing the list. This example demonstrates why Milwaukee drivers need to shop around with many companies to get the most affordable auto insurance rates for inexperienced drivers.
Car insurance prices are impacted by many risk factors and change dramatically, so the best company when you last compared rates may now be an over-priced policy.