For older drivers, one of the more important criteria that determine car insurance rates is where you call home in Milwaukee. Areas with more people or more claims tend to pay more, whereas areas with less crime or weather claims benefit from lower prices.
The information below lists the priciest cities in Wisconsin for drivers over age 70 to purchase auto insurance in. Milwaukee comes in at #1 with the annual price of $1,396 for the average insured, which is around $116 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Milwaukee | $1,396 |
| 2 | Wauwatosa | $1,359 |
| 3 | Kenosha | $1,218 |
| 4 | Greenfield | $1,204 |
| 5 | Oak Creek | $1,202 |
| 6 | West Allis | $1,198 |
| 7 | Racine | $1,181 |
| 8 | Beloit | $1,164 |
| 9 | Franklin | $1,151 |
| 10 | Eau Claire | $1,081 |
| 11 | Wausau | $1,047 |
| 12 | Brookfield | $1,045 |
| 13 | Waukesha | $1,034 |
| 14 | Madison | $1,030 |
| 15 | Menomonee Falls | $1,026 |
| 16 | La Crosse | $1,022 |
| 17 | New Berlin | $1,018 |
| 18 | Janesville | $1,011 |
| 19 | West Bend | $1,007 |
| 20 | Manitowoc | $997 |
| 21 | Oshkosh | $980 |
| 22 | Fond du Lac | $956 |
| 23 | Green Bay | $941 |
| 24 | Appleton | $936 |
| 25 | Sheboygan | $925 |
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Prices are estimated as zip code location can lower or raise rates greatly.
The car, truck, or SUV requiring coverage is probably the most important factor when quoting cheaper insurance for drivers over age 70. Vehicles with economical engines, good crash test ratings, or a low likelihood of having liability claims will cost much less to insure than higher performance models.
The next table shows auto insurance prices for a number of the most economical automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,895 |
| Honda CR-V EX-L 2WD | $1,927 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,974 |
| Toyota Prius | $2,076 |
| Ford Explorer XLT AWD | $2,126 |
| Honda Civic DX 4-Dr Sedan | $2,214 |
| Chevrolet Malibu Hybrid | $2,246 |
| Chevrolet Equinox LT 2WD | $2,254 |
| Toyota RAV4 Sport 2WD | $2,246 |
| Dodge Grand Caravan Crew | $2,275 |
| Toyota Tacoma X-Runner 2WD | $2,366 |
| Hyundai Elantra SE 4-Dr Sedan | $2,376 |
| Chevrolet Impala LTZ | $2,366 |
| Toyota Corolla S | $2,375 |
| Ford Edge Limited AWD | $2,366 |
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Data rating is based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in vehicle garaging location which can change auto insurance rates substantially.
Based upon the rates shown, you can presume that cars like the Ford Escape, Honda CR-V, Jeep Wrangler, and Toyota Prius are going to be a few of the more affordable vehicles to insure for older drivers. The price for an auto insurance policy will be more expensive just due to the fact that there is more risk for drivers over age 70, but in general those particular models will most likely have the lowest insurance prices compared to all other vehicles.
Reckless driving habits raise insurance rates
A great way to enjoy affordable insurance premiums in Milwaukee for older drivers is to be a safe driver and maintain a clean driving record. The illustration below shows how traffic citations and accidents influence premium costs for different age groups. The premium estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of a car insurance policy in Milwaukee per year with no violations or accidents is $1,650. Receive two speeding tickets and the average cost rises to $2,187, an increase of $537 each year. Now add in one accident along with the two speeding tickets and the annual cost of insurance for drivers over age 70 jumps again to an average of $2,725. That’s an increase of $1,076, or $90 per month, just for not being a responsible driver!
Ending up with a highly-rated insurer can be rather challenging considering how many companies are available to choose from in Wisconsin. The information shown below can help you pick which auto insurers you want to consider when comparing rates. The ratings below are only made up of the largest auto insurers in America, so companies that may only write in Wisconsin will not be included in the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Liability rates compared to full coverage
Buying cheaper insurance is important to the majority of drivers, and a good way to pay less for insurance for drivers over age 70 is to only buy liability coverage. The illustration below shows the difference between insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no claims or violations, $100 deductibles, drivers are single, and no discounts are applied to the premium.
As an overall average, full coverage costs an additional $1,327 per year more than just insuring for liability. That proposes the question if buying full coverage is worth the money. There is no definitive formula to eliminate comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
Tips for buying economical insurance for drivers over age 70
It is possible to find better rates, and here are some of the recommended thrifty ideas that can help drivers buy cheap auto insurance.
- Avoid getting tickets or violations
- Safer vehicles generally have cheaper insurance rates
- Increase the comprehensive and collision deductibles on your policy
- Better credit scores save money
- Save money by only buying liability coverage for older vehicles
- Prevent rate increases by staying accident-free
- Keep rates low by shopping around frequently
The last item on the list is very vital, as was discussed in this article. Insurance prices adjust frequently, so don’t be unwilling to buy from a different company if you find a cheaper price.
Staying with the same company for years is fine, but it’s not a great idea if your bullheadedness ends up costing you big bucks every year. Now is a great time to compare prices to find cheaper auto insurance for drivers over age 70 in Milwaukee.