Do you want to learn to get lower-priced Toyota Matrix insurance in Milwaukee? Nobody that owns a car looks forward to paying premiums for insurance, in particular when it costs too dang much.
Unfortunately, nearly 70% of drivers kept their coverage with the same insurance company for over three years, and virtually 40% of consumers have never even compared quotes to find cheaper rates. Most drivers in Wisconsin could pocket almost 30% a year just by shopping around, but they just don’t want to compare rates.
Lots of insurers contend for your insurance dollar, and it can be difficult to compare rates and get the definite lowest price on Toyota Matrix insurance in Milwaukee.
If you have auto insurance now, you will be able to save money using the techniques covered below. Choosing the most cost-effective auto insurance policy in Milwaukee is much easier if you know where to start. But Wisconsin vehicle owners need to learn how the larger insurance companies compete online because it varies considerably.
Ways to get Toyota Matrix insurance quotes in Milwaukee
When quoting auto insurance, remember that comparing all the rates in your area increases your odds of finding lower pricing. Not every company does rate quotes online, so it’s important to also get price estimates from them as well.
The following companies are our best choices to provide quotes in Wisconsin. If the list has multiple companies, we recommend you visit as many as you can to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $96 | $200 | $216 | $12 | $64 | $588 | $49 |
| Matrix S 2WD | $94 | $218 | $260 | $16 | $78 | $666 | $56 |
| Matrix S AWD | $164 | $284 | $302 | $18 | $90 | $858 | $72 |
| Matrix XRS 2WD | $164 | $284 | $302 | $18 | $90 | $858 | $72 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium costs do not factor in specific location which can lower or raise rates noticeably.
Irresponsible driving raises your rates
The diagram below demonstrates how speeding tickets and fender-benders can drive up Toyota Matrix insurance prices for different categories of driver ages. The premium estimates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
Price comparison of only insuring for liability
The chart below shows the comparison of Toyota Matrix insurance rates when comparing full coverage to state minimum liability only. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, married female driver, and no other discounts are factored in.
When to eliminate full coverage
There is no definitive rule to exclude physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s assume your Toyota Matrix book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying your policy deductible. If you are paying more than $200 a year for full coverage, then you might want to think about dropping full coverage.
There are some circumstances where eliminating full coverage is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
Affordable Milwaukee insurance rates with discounts
Some insurers don’t list every discount they offer in a way that’s easy to find, so the following is a list of some of the best known and also the lesser-known credits available to bring down your rates.
- Federal Employees – Active or former government employment could qualify for a slight premium decrease but check with your company.
- Renewal Discounts – A few companies offer discounts for switching policies before your current coverage expires. This discount can save up to 10%.
- Accident-Free Discounts – Drivers with accident-free driving histories can save substantially as opposed to insureds who have frequent claims or accidents.
- Driver Education Discount – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class if offered at their school.
- Bundle and Save – If you can combine your auto and home policy and insure them with the same company you may save up to 20% and get you cheap Matrix insurance.
- Military Rewards – Being on active duty in the military could be rewarded with lower rates.
Don’t be shocked that most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like you can get free auto insurance, you’re out of luck.
To choose insurers that offer the discounts shown above in Milwaukee, click here to view.
Car insurance in Wisconsin serves several purposes
Even though it can be expensive, maintaining insurance is required by state law in Wisconsin and it also provides benefits you may not be aware of.
First, most states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability insurance coverage in order to license the vehicle. 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.
Second, if your Toyota Matrix has a lien holder, most banks will make it mandatory that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Toyota at a much higher premium rate and force you to pay the higher premium.
Third, car insurance preserves your vehicle and your assets. It will also cover most medical and hospital costs incurred in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your car definitely exceed the cost, particularly for liability claims. As of last year, the average driver in Wisconsin overpays more than $820 a year so we recommend shopping around every year to save money.
Get rate quotes but still have a neighborhood Milwaukee auto insurance agent
Certain consumers just want to get advice from a local agent and we recommend doing that The best thing about price shopping on the web is that drivers can save money and get the best rates and still choose a local agent.
To help locate an agent, after submitting this form (opens in new window), your information is immediately sent to insurance agents in Milwaukee that give free 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 directly. You can find better rates without having to waste a lot of time. In the event you want to get a rate quote from a specific company, you can always navigate to their website and give them your coverage information.
Finding the right provider needs to be determined by more than just the bottom line cost. These are some questions your agent should answer.
- How will an accident affect your rates?
- Are they paid to recommend certain coverages?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Does the agency have a current Errors and Omissions policy?
- How much experience to they have in personal lines coverages?
- Do they have 24-hour customer assistance?
- Will you get a loaner vehicle if you car is being repaired?
When looking for local Milwaukee agents, there are two types of agencies and how they are slightly different. Insurance agencies in Milwaukee can be classified as either independent (non-exclusive) or exclusive.
Exclusive Agents
Agents that elect to be exclusive can usually just insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive agencies are very knowledgeable on the products they sell which aids in selling service over price.
Below is a list of exclusive insurance agencies in Milwaukee who may provide you with price quote information.
American Family Insurance – Derold Barker
2215 E North Ave #1 – Milwaukee, WI 53202 – (414) 332-8350 – View Map
Farmers Insurance – Roger Channing
4369 S Howell Ave #201 – Milwaukee, WI 53207 – (414) 482-9400 – View Map
State Farm: Bob Vitt
161 W Wisconsin Ave #5196 – Milwaukee, WI 53203 – (414) 276-3446 – View Map
Independent Auto Insurance Agencies
These agents often have many company appointments so they can insure your vehicles amongst many companies and find you the best rates. If they find a cheaper price, an independent agent can move your coverage and you don’t have to switch agencies. When searching for an agent, it’s recommended you compare prices from several independent insurance agents in order to compare the most rates.
Listed below are independent agents in Milwaukee that are able to give rate quotes.
Friedle Insurance Agency Inc
7700 W Bluemound Rd #110 – Wauwatosa, WI 53213 – (414) 475-0110 – View Map
Dale G Latus Insurance
5232 W Oklahoma Ave # 215 – Milwaukee, WI 53219 – (414) 352-1118 – View Map
Billy Brown Insurance
715 Milwaukee St – Delafield, WI 53018 – (262) 646-8252 – View Map
Once you have good answers to any questions you have and a low price estimate, you’ve probably found an insurance agency that is a good match to properly insure your vehicles. Just keep in mind you can always cancel coverage any time you want so don’t assume that you are obligated to your new company indefinitely.