Finding good, affordable car insurance is confusing at best, and figuring out which companies quote the cheapest auto insurance rates for high risk drivers will involve a little more work. Each auto insurance company has their own unique process to determine rates, so we’ll take a look at the most competitive auto insurance companies in Milwaukee.
Keep in mind that Milwaukee auto insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. Improving your credit score, getting divorced, or getting a ticket for running a stop sign may prompt premium changes resulting in some rates now being much cheaper than others.
Best Insurance Companies for Risky Drivers
USAA may offer some of the lowest car insurance rates in Milwaukee at around $598 a year. This is $563 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Nationwide also rank well as some of the best Milwaukee, WI auto insurance companies.
In the rate table above, if you have coverage with Pekin Insurance and switched to USAA, you might see an annual premium reduction of in the vicinity of $154. Insureds with Nationwide could save as much as $154 a year, and Rockford Mutual insureds might reduce prices by as much as $156 a year.
These prices are averages across all types of insureds and vehicles and do not take into consideration a specific zip code for high risk drivers. So the insurer that can offer you the best price may not even be in the top 30 companies in the list above. That’s why you need to quote rates from many companies using your own personal information and vehicle type.
For high risk drivers, one of the big criteria that are looked at to help calculate car insurance rates is your address. Areas with more people or higher crime rates will most likely pay more, whereas areas with less people or fewer weather incidents have the luxury of cheap car insurance rates.
The illustration below sorts the highest-priced areas in Wisconsin for high risk drivers to purchase car insurance in. Milwaukee is ranked at #1 costing $1,354 for the average policyholder, which is approximately $113 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Milwaukee | $1,354 |
| 2 | Wauwatosa | $1,319 |
| 3 | Racine | $1,229 |
| 4 | West Allis | $1,210 |
| 5 | Greenfield | $1,192 |
| 6 | Oak Creek | $1,190 |
| 7 | Kenosha | $1,182 |
| 8 | Franklin | $1,129 |
| 9 | Beloit | $1,118 |
| 10 | Eau Claire | $1,081 |
| 11 | Brookfield | $1,077 |
| 12 | Waukesha | $1,065 |
| 13 | Wausau | $1,047 |
| 14 | Madison | $1,040 |
| 15 | Menomonee Falls | $1,037 |
| 16 | La Crosse | $1,033 |
| 17 | New Berlin | $1,018 |
| 18 | Janesville | $1,011 |
| 19 | West Bend | $1,007 |
| 20 | Manitowoc | $997 |
| 21 | Fond du Lac | $965 |
| 22 | Oshkosh | $960 |
| 23 | Sheboygan | $953 |
| 24 | Green Bay | $931 |
| 25 | Appleton | $926 |
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Price information shown is approximated as the specific Milwaukee residence address can decrease or increase coverage prices significantly.
The vehicle that needs insurance is one of the largest considerations that determines whether or not you find the cheapest insurance for high risk drivers. Vehicles with more horsepower, a lack of safety features, or a track record of large liability claims will cost more to insure than more modest models.
The next list shows insurance rates for the most affordable vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $5,931 |
| Honda CR-V EX-L 4WD | $6,184 |
| Ford F-150 XL Regular Cab 2WD | $6,495 |
| Toyota Prius | $6,591 |
| Dodge Grand Caravan SE | $6,705 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $6,830 |
| Chevrolet Malibu LS | $7,027 |
| Toyota RAV4 2WD | $7,033 |
| Toyota Tacoma Double Cab 4WD | $7,094 |
| Chevrolet Impala LS | $7,164 |
| Honda Odyssey EX | $7,234 |
| Jeep Grand Cherokee Laredo 2WD | $7,237 |
| Volkswagen Jetta S 4-Dr Sedan | $7,315 |
| Ford Edge Sport AWD | $7,347 |
| Ford Explorer Limited 2WD | $7,394 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $7,414 |
| Ford Fusion SEL 4-Dr Sedan | $7,424 |
| GMC Sierra SL Crew Cab 2WD | $7,414 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $7,423 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $7,481 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $7,490 |
| Ford F-350 Super Cab Lariat 2WD | $7,548 |
| Hyundai Elantra SE 4-Dr Sedan | $7,571 |
| Compare Rates Now Go | |
Data rating is based on single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific location information which can impact price quotes considerably.
Looking at the data, you can infer that models like the Ford Escape, Honda CR-V, and Ford F-150 are going to be some of the most affordable vehicles to insure for high risk drivers. Car insurance rates will tend to be higher because there is more claim exposure for high risk drivers, but generally speaking those vehicles will have the cheapest car insurance rates possible.
Liability-only versus full coverage
Saving money when shopping for auto insurance is important to most people, and an easy way to save on the cost of insurance for high risk drivers is to only pay for liability coverage. The chart below illustrates the difference between premium costs with full coverage and liability only. The prices are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, full coverage on your policy costs an extra $1,773 per year more than carrying just liability coverage. At some point, about every driver wonders if buying full coverage is worth the money. There is no definitive guideline of when to drop full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
There are some cases where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Milwaukee auto insurance companies
Finding a good quality insurance provider is difficult considering how many companies are available to choose from in Milwaukee. The rank data listed below could help you analyze which insurers you want to consider comparing prices from. The rankings below only include insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in Wisconsin will not be included in these rankings.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The importance of shopping around
Wisconsin auto insurance rates are influenced by many factors that control the price you pay. Simply having another birthday, buying a different home, or getting a ticket for careless driving may prompt premium changes resulting in some rates now being more affordable than competitors.
Not only may your risk profile change, but insurance companies change prices multiple times each year to reflect underwriting profits or losses. An extended period of higher than normal claims can result in increased rates, while less frequent claims may result in lower-priced Milwaukee car insurance rates.
To illustrate this example, the data below analyzes the cheapest car insurance in Milwaukee, WI for a 40-year-old male driver with no accidents or violations, and excellent credit. If we compare prices based on his current situation, USAA quotes the lowest car insurance rates in Milwaukee at $852 each year. This is $309 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide are also included in the best Milwaukee, WI auto insurance companies.
Now we will give the driver from the first set of rates a claim or two, a lower credit rating, and a speeding ticket. Since each insurance company has a different formula for filing rates in each state, comparing insurance quotes could result in a significantly different list of affordable companies as shown below.
Integrity Mutual now has the cheapest auto insurance in Milwaukee, WI with Pekin Insurance, Western National, Travelers, and Partners Mutual now being in the top five. This example shows why consumers need to shop around when trying to find affordable car insurance quotes for high risk drivers.
Insurance prices can be altered by many different factors and can change without notice, so the cheapest option the last time you shopped around may now be priced much higher than other options.
Tips for finding more affordable auto insurance for high risk drivers
The list below summarizes many penny-pinching solutions that can help Milwaukee drivers find lower-cost coverage.
- Vehicles with good safety ratings are usually cheaper to insure
- Remove physical damage coverage on older vehicles
- Do not get into accidents that are your fault
- Buying your home and auto policies from the same company can earn a discount
- Save money by obeying traffic laws and keeping a clean driving record
- Avoid filing excessive claims
- Shop your coverage around for the best deal
That last piece of advice is extremely critical, as was stressed in this article. Prices charged by auto insurers in Milwaukee can be changed at any time, so don’t be unwilling to buy a different policy if a lower price can be found. We understand brand loyalty, but is isn’t recommended if that inflexibility results in costing you big bucks every year. It only takes a couple minutes to compare rates to find cheaper car insurance for high risk drivers.
If you aren’t clear which coverage you need and would like to have the advice of a professional agent when shopping for the best coverage for high risk drivers, the agents below are willing to help you determine which coverages are best. To locate an agency near you, click the link after the list.
- American Family Insurance – Arthur Olszewski Agency Inc.
7400 W Brown Deer Rd – Milwaukee, WI 53223 – (414) 355-5533 - Procter Insurance Agency
2315 10th Ave – South Milwaukee, WI 53172 – (414) 762-8900 - Kirchen Insurance
2255 W Good Hope Rd – Milwaukee, WI 53209 – (414) 352-5750 - Schwade Insurance Agency, Inc.
8131 W Capitol Dr – Milwaukee, WI 53222 – (414) 462-5000 - Brew City Insurance
2937 S Chicago Ave – South Milwaukee, WI 53172 – (414) 762-6600