Best cheap car insurance in Milwaukee for 2024

Best cheap car insurance companies in Milwaukee

The best car insurance companies balance affordable rates with high third-party insurance ratings, strong customer service scores, ample discount opportunities and diverse coverage offerings. Our insurance team looked at all of these factors (and more) to assign dozens of carriers our proprietary Bankrate Score out of 5. All of our picks for the best car insurance in Milwaukee have a Bankrate Score of at least 4.0 and have rates below the city average, according to our analysis. 

Drivers in Milwaukee, Wisconsin, looking for a well-rounded yet affordable car insurance company might want to get a quote from one, or a few, of these providers: 

The cheapest car insurance companies in Milwaukee

Drivers looking for the cheapest car insurance in Milwaukee may opt for a minimum coverage car insurance policy. According to our research, the average cost of a minimum coverage policy in Milwaukee is 72 percent less than a full coverage policy. Keep in mind that, as the largest city in the Cheese State, the cheapest companies in Milwaukee may not be the same as the cheapest ones in Wisconsin as a whole. Bankrate’s analysis of April 2024 rates show that Rural Mutual, USAA and Rockford Mutual offer the lowest minimum coverage rates on average. 

How much is car insurance in Milwaukee, Wisconsin?

Milwaukee full coverage car insurance rates are 27 percent more than the average cost of car insurance in Wisconsin, while minimum coverage rates are 46 percent more. Densely populated areas generally have higher levels of traffic congestion, leading to more accidents and claims. Elevated levels of vehicle theft may also contribute to Milwaukee’s higher car insurance rates. Data from the National Insurance Crime Bureau shows that the Milwaukee-Waukesha metro area has the highest levels of vehicle theft of the 12 areas in Wisconsin with available data. Vehicle theft is covered under comprehensive insurance, which affects full coverage rates. 

Milwaukee rates for teens

Due to their lack of driving experience and higher accident likelihood, teen drivers tend to pay higher car insurance rates. In Milwaukee, parents with a teen driver on their policy pay 113 percent more more for coverage than a single 40-year-old driver, while the total cost of an 18-year-old driver on their parents’ insurance is 81 percent more. When they turn 18, a teen driver can choose to purchase their own policy as opposed to staying on their parents’ insurance, but most insurance experts do not recommend doing so if you can avoid it. An 18-year-old with their own policy in Milwaukee pays an average of $6,505 per year for full coverage and $1,937 for minimum coverage. 

The rates in the table below reflect the cheapest car insurance companies for Milwaukee teens on their parents’ insurance:

Milwaukee rates for young drivers

Younger drivers generally see more favorable rates than teen drivers, but are still likely to pay more than the Milwaukee average. Drivers in their twenties have clocked more experience behind the wheel than teens, but because they are still relatively new drivers, insurers will likely charge them slightly more for their policies. Drivers in their early twenties attending college out-of-state may consider looking into a distant student discount from their insurance company to help save some money on their premiums. Or, any driver in their twenties looking for insurance may want to consider the companies we listed below, which offer the cheapest rates on average: 

Milwaukee rates for adults

Milwaukee drivers in their thirties, forties and fifties tend to see their car insurance rates begin to trend downward, especially for drivers who maintain a clean driving record. However, some companies offer more competitive rates for adult drivers than others, as each insurance company has its own underwriting process for determining rates. Bankrate’s research revealed that the carriers listed here offer the lowest rates for adult drivers nearing middle age. 

Milwaukee rates for senior drivers

Once a driver reaches their senior years, they may begin to see their car insurance premium creep back up regardless of their motor vehicle record. Aging-related factors like decreased eyesight and slowed reaction time can increase the likelihood of filing a claim. To account for this added risk, insurers typically charge senior drivers a higher rate. However, Bankrate found that these Milwaukee car insurance companies offer the lowest average rates for seniors:

The cheapest car insurance in Milwaukee by driving record

Your driving record is one of the things that can play an outsized role in setting your car insurance rate. Drivers with a history of speeding, at-fault accidents and DUIs are seen as more likely to repeat these behaviors in the future — and drivers with imperfect driving records can expect to see this reflected in their rates. Finding cheap car insurance for drivers with infractions on their records may be more challenging, but not impossible. Bankrate looked at average rate data for various driving profiles in order to help Milwaukee drivers with less-than-spotless driving records secure affordable coverage. 

Car insurance with a speeding ticket in Milwaukee

A speeding ticket in Wisconsin will cost you more than just the fines. Wisconsin speeding tickets can cost anywhere from $200 to $800 depending on how fast you were going, but you’ll also likely see an increase in your insurance premium. Milwaukee drivers with a speeding ticket pay an annual average of $2,566 for full coverage and $716 for minimum coverage, but they might find lower rates with these carriers: 

Car insurance after an accident in Milwaukee

Like a speeding ticket, the cost of an accident doesn’t end once you get your car back from the repair shop. On average, Milwaukee drivers with an at-fault accident on their records pay 42 percent more for full coverage each year compared to drivers with a clean record. Having an accident on your record could hinder your ability to get the cheapest possible rate, but you may get an affordable quote from one of the providers we named below. Our research shows that they offer the lowest rates on average in Milwaukee. 

Car insurance after a DUI in Milwaukee

Finding car insurance after a DUI can be challenging, as not every insurer will agree to write a policy for a driver with that kind of infraction on their record. Drivers in Milwaukee with a DUI may also need an insurer that will send an SR-22 certificate on their behalf to the Wisconsin Department of Motor Vehicles. Average car insurance for a Milwaukee driver with a DUI costs $4,218 per year full coverage, but you might find lower prices with these insurers:

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Age: Rates were calculated by evaluating our base profile with the ages 20-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.Teens: Rates were determined by adding a 16- or 18-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy. 

Bankrate Scores

Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.