Wisconsin Auto Insurance

Wisconsin drivers are lucky to have one of the most affordable car insurance rates in the US. Having low base rates means that they are already in a winning position in comparison to other states. But there are yet savings to be made by carefully shopping for the best quotes. This post will help you find discounts so that you can reduce your costs even further in WI.

Despite low premiums, number of Uninsured Drivers is still high at 15% and Uninsured Driver coverage is something motorists should consider seriously. Also, drunk driving related traffic deaths are in the 35% region in the state. This is higher than the country average and it is a worry for motorists. They should perhaps be extra careful on those more dangerous hours of early morning of Saturdays and Sundays.

Car Insurance Wisconsin Requirements

Wisconsin Auto InsuranceHere are the minimum liability requirements in WI;

  • $25,000 for bodily injury or death per person.
  • $50,000 total for bodily injury or death per accident.
  • $10,000 for property damage. 

Department of Motor Vehicles page provides information on driving, insurance, penalties and vehicle registration.

One of the most reliable source of information is independent brokers. They can help you find great deals on both home and auto policies as well as other items that needs insuring. They can tell you if you can save money by bundling them or not. But you must sort out a decent level of coverage for yourself first. It is more important than what price you pay and which company you go. A great coverage offers you peace of mind. Knowing that you haven’t left anything out reduces your anxieties when you have a claim.

There are many aspects to insuring automobiles. One of the most essential one is to arrange a good level of liabilities cover. You have to buy this coverage regardless of where you live in the USA. Every state requires some sort of coverage to ensure that you can pay for the damages you caused to third parties. This is your obligation to be able to drive a vehicle.

The next step is to ensure that your own losses are covered. Most automobile owners buy full coverage. Dropping or not buying collision and comprehensive coverage only make sense when you have a clunker. Besides, minimum liabilities only policies don’t really save you a lot of money. Just see it for yourself by getting quotes for both liabilities only and full coverage. In most cases, you will see that the prices are pretty close to each other but the coverage is miles apart.

How Much is Auto Insurance in Wisconsin?

Drivers here are luckier than drivers in the neighboring states and most drivers in the US because average car insurance cost is $621 and that is $220 dollar cheaper than the US average of $841. Usually, this is the result of cumulative efforts to drive safe, and low auto theft and accident numbers. Rural setting of America’s Dairyland and highly competitive environment helps in keeping the rates low. One good trait of Wisconsin residents keep insurers happy and results in low rates for everyone and that is they are not litigious people.

Another reason behind budget automobile insurance rates in WI is the lack of large cities that keeps accidents and claims down. Wisconsin had 1 death per 100 million vehicle miles traveled in 2013, according to Highway Loss Data Institute (HLDI). To emphasize how safe driving in the Badger State is, there were states with double that number in the same year.

If you want economical full coverage you are in luck too because average estimated cost for full coverage is $912. The US average for full coverage policies at $1,325 is over $400 dollar more expensive than WI. There are several states in the US where residents pay more than that for liability only vehicle insurance. That is why it is always a good idea to check how much is a decent policy going to cost even you think liability only coverage is enough. You may be able to get yourself a full coverage policy at a fraction more additional premium.

Auto Insurance Milwaukee, WI

The state may enjoy great low premiums but the same cannot be said for its largest city. Premiums in Milwaukee aren’t as cheap compared to state average or the other cities in the state. In fact, Motorists have to pay double the premium on average for Milwaukee car insurance, in comparison to the rest of the state. This is probably due to the factors that make vehicle insurance expensive in most other large cities like dense population, higher accidents, auto theft and vandalism. There are a few things Milwaukee residents can do to get cheap city cover and they are discussed in that post.

Cheapest Car Insurance Carriers in Wisconsin

We kept talking about how cheap premiums are in WI but this doesn’t mean that you cannot save money anymore. One of the easiest ways of getting discounts is to find the lowest priced companies in your state and they are listed for you below.

  1. GEICO, $393
  2. Partners Mutual, $440
  3. Western National, $518

Rates are fairly uniform throughout the state and these companies usually hold their positions with slight variations. However, Milwaukee premiums are nearly twice more expensive and the cheapest price is offered by GEICO, Auto-owners and Farmers. You should also get quotes from the above insurers and a few others in the beer city.

No matter which state you live in you can lower your premium if you know how to save money. If you follow the link you can read 20 different ways of getting discounts that can substantially reduce your cost.

There are many auto insurance facts you should know and how the prices work may be one of them. Take your time to educate yourself so that you can arrange better covers and still save money. The whole point in shopping around is to find better deals. In other words, you should be looking for not only the cheapest or the best policy coverage but a sufficient coverage for an affordable price.

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