Would you like an easy way to compare cheaper auto insurance rates in Menomonee Falls, WI? Locating discount quotes on the internet can seem to be somewhat intimidating for people that are relatively new to comparing rates and buying auto insurance online. When there are so many insurers available, how can anyone even start to compare every company in order to find the lowest rates?
Astonishng but true according to a recent study, the vast majority of consumers kept their coverage with the same auto insurance company for over three years, and almost 40% of drivers have never compared rates from other carriers. Many consumers in Wisconsin can cut their rates by almost 30% a year by just shopping around, but they don’t invest the time required to compare other rate quotes.
You need to quote other rates once or twice a year due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you found the best quotes on auto insurance two years ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the best methods to find better coverage on auto insurance at a better price.
There are several ways of comparing price quotes from lots of Wisconsin insurance companies. The fastest way to lower the rate you pay for insurance is simply to get online rate quotes. It’s important to know that comparing a wide range of rates helps improve the odds of finding a lower rate. Not every company does quotes over the internet, so it’s necessary to compare prices from the smaller companies as well.
The providers in the list below can provide quotes in Wisconsin. If more than one company is shown, it’s highly recommended you compare several of them to get the best price comparison.
Make, Model, and Trim Level | Annual Policy Premium | 6-month Policy Premium | Monthly Premium | ||||
---|---|---|---|---|---|---|---|
Chevrolet Silverado LT Extended Cab 4WD | $814 | $407 | $68 | ||||
Dodge Ram Quad Cab ST 2WD | $712 | $356 | $59 | ||||
Ford Escape Limited 4WD | $562 | $281 | $47 | ||||
Ford F-150 Lariat Crew Cab 4WD | $544 | $272 | $45 | ||||
Ford Focus SEL 4-Dr Sedan | $742 | $371 | $62 | ||||
Honda Accord LX 4-Dr Sedan | $770 | $385 | $64 | ||||
Honda CR-V EX-L 2WD | $474 | $237 | $40 | ||||
Honda Civic EX 2-Dr Coupe | $860 | $430 | $72 | ||||
Honda Odyssey EX-L | $720 | $360 | $60 | ||||
Hyundai Elantra GLS 4-Dr Sedan | $1,052 | $526 | $88 | ||||
Jeep Wrangler Sahara 4WD 2-Dr | $608 | $304 | $51 | ||||
Nissan Altima 2.5 4-Dr Sedan | $774 | $387 | $65 | ||||
Toyota Camry Hybrid | $700 | $350 | $58 | ||||
Toyota Corolla S | $930 | $465 | $78 | ||||
Volkswagen Jetta SE 4-Dr Sedan | $658 | $329 | $55 | ||||
Get Your Own Custom Quote Go |
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in specific zip code location which can alter insurance rates significantly.
Full coverage rates vs. liability-only
The diagram below examines Nissan Altima insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. Data assumes no claims or driving violations, $100 deductibles, married female driver, and no other discounts are factored in.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Are you wasting money paying for full coverage?
There is no specific rule to stop buying full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s say your Nissan Altima book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after you pay the deductible. If premiums are more than $200 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are a few situations where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Car insurance deductibles
The information below demonstrates how deductibles and can affect Ford Escape insurance prices for each different age group. The premiums are based on a single male driver, full coverage, and no policy discounts are applied.
Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.
Auto insurance just makes sense
Despite the high insurance cost in Menomonee Falls, insurance serves an important purpose.
- The majority of states have minimum liability requirements which means you are required to carry a specific minimum amount of liability insurance in order to be legal. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your vehicle has a loan, almost every bank will force you to carry insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your vehicle at a much higher premium rate and make you pay for it.
- Auto insurance preserves your vehicle and your assets. Insurance will pay for many types of medical costs that are the result of an accident. Liability insurance will also pay attorney fees if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of having auto insurance are definitely more than the cost, specifically if you ever have a liability claim. As of last year, the average driver in Wisconsin overpays more than $825 a year so it’s recommended you shop around at every policy renewal to ensure rates are competitive.
How insurance companies determine car insurance rates
Many factors are considered when quoting car insurance. Some of the criteria are obvious like your driving record, but other factors are not as apparent such as whether you are married or how safe your car is. Consumers need to have an understanding of some of the factors that come into play when calculating your car insurance rates. If you have a feel for what determines base rates, this helps enable you to make changes that can help you get lower premium levels.
Low comp and collision deductibles mean high costs – Comprehensive and collision coverage deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply would be colliding with a stationary object, vandalism, or theft of your vehicle. The more expense you are required to pay out-of-pocket, the better rate you will receive.
More performance means more cost – The make and model of the car you own makes a huge difference in the rate you pay. The lowest performance passenger cars usually have the lowest rates, but the final cost of insurance is determined by many other factors.
Careless drivers pay higher prices – Whether or not you get tickets can have a huge impact on auto insurance premiums. Drivers who don’t get tickets pay less for auto insurance compared to drivers with tickets. Having just one driving citation can bump up the cost by as much as thirty percent. Drivers who have gotten dangerous violations like DUI or willful reckless driving may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent a license revocation.
Drivers with responsible credit save on car insurance – Having a bad credit rating will be a significant factor in determining what you pay. Drivers who have good credit tend to be better risks to insure than drivers with lower credit ratings. Therefore, if your credit history can use some improvement, you could be paying less to insure your vehicle by repairing your credit.
Is your vehicle theft-ready? – Purchasing a vehicle with a theft deterrent system can get you a discount on your car insurance. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping car theft and help bring rates down.
Always keep your policy in force – Having a lapse in insurance coverage is a guaranteed way to increase your rates. Not only will you pay higher rates, being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with the Wisconsin motor vehicle department to get your license reinstated.
Drive less and save – The higher the miles on your car in a year’s time the more it will cost to insure it. Most insurance companies apply a rate determined by how the vehicle is used. Cars left parked in the garage cost less to insure compared to those used for work or business. Make sure your policy states the proper vehicle usage.
Discounts mean cheaper rates
Not many people think insurance is cheap, but you may qualify for discounts that you may not even be aware of. Many of these discounts will be applied automatically at the time you complete a quote, but some need to be asked for before being credited.
- Braking Control Discount – Cars with ABS and/or traction control prevent accidents so companies give up to a 10% discount.
- Safe Driver Discounts – Drivers who don’t get into accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
- Discount for Low Mileage – Driving fewer miles could qualify for cheaper rates.
- Smart Student Discounts – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
- Pay Early and Save – If you pay your entire premium ahead of time instead of making monthly payments you can avoid the installment charge.
- Organization Discounts – Affiliation with a civic or occupational organization in Menomonee Falls can get you a small discount when shopping for auto insurance.
As a sidenote, some credits don’t apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like you can get free auto insurance, company stockholders wouldn’t be very happy. But all discounts will help lower the premium cost.
Some of the larger companies that may offer quotes with these money-saving discounts possibly include:
When quoting, ask each company or agent which discounts they offer. Some of the earlier mentioned discounts might not be offered on policies in your state. To choose auto insurance companies who offer free auto insurance quotes in Wisconsin, follow this link.
What insurance coverages do I need?
When selecting the right insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your auto insurance should unique, too.
For instance, these questions could help you determine if you may require specific advice.
- Is pleasure use cheaper than using my vehicle to commute?
- Will my vehicle be repaired with OEM or aftermarket parts?
- Should I carry comprehensive and collision coverage?
- Am I covered if I have no license?
- What should my uninsured motorist coverage limits be in Wisconsin?
- How high should my medical payments coverage be?
- If my pet gets injured in an accident are they covered?
- Am I insured when driving a different vehicle?
If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.
Local Menomonee Falls car insurance agents and insurance
Some consumers would prefer to buy from a local agent and doing so can bring peace of mind One of the benefits of comparing insurance online is that drivers can save money and get the lowest rates but also keep your business local.
To make it easy to find an agent, after completing this short form, your information is emailed to local insurance agents who will return price quotes to get your business. You won’t need to contact any insurance agencies due to the fact that quote results will go to you. You can find lower rates without the usual hassles of price shopping. If you wish to get a price quote from a specific company, don’t hesitate to go to their quote page and complete a quote there.
Picking the best company needs to be determined by more than just a low price. Here are some questions you should ask.
- Are they able to provide referrals?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Which family members are covered?
- Do they review policy coverages at every renewal?
- Can glass claims be handled at your home?
- Does the agency have a positive business rating?
- How does the company pay claims for a total loss?
Do you need an independent or exclusive car insurance agent?
If you want an insurance agent, it can be helpful to understand the different types of agencies and how they are distinctly different. Agencies in Menomonee Falls can either be independent agents or exclusive agents.
Exclusive Agencies
Agents that elect to be exclusive work for only one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. They generally cannot provide rate quotes from other companies so it’s a take it or leave it situation. Exclusive agents are trained well on sales techniques and that can be a competitive advantage. Consumers frequently buy from the same agent for years mostly because of high brand loyalty and strong financial ratings.
Listed below is a list of exclusive insurance agents in Menomonee Falls willing to provide price quote information.
- Joe Woelfle – State Farm Insurance Agent
11649 N Port Washington Rd #205 – Mequon, WI 53092 – (262) 241-8292 – View Map - Spring Burgess-Ashley – State Farm Insurance Agent
1233 N Mayfair Rd #130 – Milwaukee, WI 53226 – (414) 263-1440 – View Map - State Farm: Ryan Sturm
N56w15560 Silver Spring Dr F – Menomonee Falls, WI 53051 – (262) 255-0400 – View Map
View more Menomonee Falls agents
Independent Insurance Agents
Agents of this type are not required to write business for one company so they have the ability to put coverage with any number of different companies and find you the best rates. If you want to switch companies, your policy is moved internally and you don’t have to switch agencies.
When shopping rates, it’s a good idea to check rates from several independent insurance agents in order to compare the most rates. Many can place coverage with smaller mutual companies who may have lower rates.
Below is a list of independent agents in Menomonee Falls willing to provide price quotes.
- Frydach Insurance
W175N11163 Stonewood Dr, Ste 229 – Germantown, WI 53022 – (262) 437-0036 – View Map - B and J Insurance Agency, Inc.
4234 N 76th St – Milwaukee, WI 53222 – (414) 461-4120 – View Map - Spectrum Insurance Group – Milwaukee
N81 W15014 Appleton Ave – Menomonee Falls, WI 53051 – (888) 368-8630 – View Map
View more Menomonee Falls agents
A conclusion for your auto insurance search
As you quote Menomonee Falls auto insurance, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, drivers have reduced collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The goal is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.
There are still a few companies who do not offer price quotes online and many times these smaller providers only sell through independent agents. Budget-conscious auto insurance is available both online as well as from independent agents in Menomonee Falls, and you should compare rates from both in order to have the best chance of saving money.
In this article, we presented some good ideas how to find cheaper coverage online. The most important thing to understand is the more you quote Menomonee Falls auto insurance, the higher the chance of saving money. Consumers may even find the most savings is with a small mutual company. Smaller companies often have lower premium rates on specific markets than the large multi-state companies such as Allstate and Progressive.
To read more, link through to these articles:
- Coverage Information (Progressive Insurance)
- Who Has Cheap Auto Insurance Quotes for Drivers Over Age 70 in Milwaukee? (FAQ)
- What Auto Insurance is Cheapest for a Nissan Sentra in Milwaukee? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Ford Escape in Milwaukee? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Seniors in Milwaukee? (FAQ)
- Who Has the Cheapest Milwaukee Car Insurance Rates with Multiple Speeding Tickets? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Insuring a Leased Car (Insurance Information Institute)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Choosing an Insurance Company (Insurance Information Institute)