Average Cost of Car Insurance in Wisconsin : Summary
MoneyGeek broke down average car policy costs in Wisconsin by factors that have the most significant impact on the price of your insurance plan. In Wisconsin, age is the biggest factor that affects your car policy rates, followed by poor credit scores. Click below to find out more about average costs for a given driver profile .
Why Are Car Insurance Rates Cheap in Wisconsin?
MoneyGeek ’ mho data shows that Wisconsin has the 15th brassy car indemnity rate compared to other states due to humble traffic concentration and broken rates of natural disasters and vehicle thefts. Wisconsin rarely experiences extreme weather events such as hurricanes. The submit is graded 32nd in gaze to traffic density on highways, which means it has a lower risk of accidents. The larceny pace is 126.6 steal vehicles per 100,000 people, which is relatively low compared to early states. All of these factors contribute to lower insurance premiums in Wisconsin.
Average Cost of Car Insurance in Wisconsin : Full Coverage vs. Minimum Coverage
Your car indemnity expenses besides depend on how much coverage you buy. If you buy a full coverage policy, including comprehensive, collision and indebtedness indemnity, you will pay a higher insurance premium every year. MoneyGeek ’ south methodology shows that a minimal coverage policy in Wisconsin costs an average of $ 496 per year, while a entire coverage policy has an average annual cost of $ 933. The difference between both types of policies amounts to approximately $ 437 .
Minimum vs. Full Coverage Car Insurance Costs in Wisconsin – By Company
Every policy company has different rates for car insurance. consequently, your choice of policy company has a significant effect on your car policy expenses. In Wisconsin, GEICO is the cheapest choice for full coverage policy and minimum coverage plans for most drivers, charging an average of $ 631 and $ 311 annually, respectively. USAA offers the most low-cost car insurance plans, but its policies are only for military families. On average, Allstate has the most expensive minimum coverage policy in the state and costs roughly $ 809 per annum, while Metlife is the priciest option for a full coverage policy at an average of $ 1,453 per annum .
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How Much Is Car Insurance in Wisconsin by Age
A driver ’ sulfur senesce has a significant impact on cable car insurance expenses. young drivers are more probably to get into accidents. therefore, they are considered high risk by policy companies and pay pricier policy rates. MoneyGeek ’ s research shows an average difference of $ 1,415 per year between a 40-year-old buy a fully coverage policy and a 16-year-old buy the lapp plan. young drivers in Wisconsin can save on car policy expenses by being added to their parent ’ s car policy plan. indemnity companies in the express besides consider first-time drivers the lapp as young drivers, so they pay similar rates .
How Does Driving History Affect Car Insurance Costs in Wisconsin ?
A bad drive phonograph record will importantly increase your car policy expenses since indemnity companies consider you a bad individual. however, you can still find relatively cheap car policy plans by shopping around. MoneyGeek ’ s research shows that people with a speeding ticket pay an average of $ 298 more than person with a clean drive record. This price difference increases based on the austereness of the drive irreverence .
Credit Scores and the Cost of Car Insurance in Wisconsin
Your credit history plays an significant function in determining your car indemnity costs. Having a good credit score can help you save money on policy expenses since insurers view you as less likely to file a claim. A poor credit score means you ’ ll pay higher premiums. fortunately, you can inactive shop around to find the most low-cost options for people with bad citation. MoneyGeek ’ s analysis shows that drivers with hapless credit history pay an average of $ 769 more than drivers with good credit. additionally, those with excellent credit will pay an average of $ 152 less than drivers with good credit rating .
How Much Is Car Insurance in Your City?
Car policy rates vary by state because of many different factors. Rates can even fluctuate depending on your location with a specific city or express. MoneyGeek ’ sulfur data shows that Green Bay is the cheapest city in Wisconsin for car indemnity at an median annual cost of $ 630. On the early hand, Milwaukee has the most expensive car policy plans in the state at an average price of $ 1,099 per class. Drivers living in more densely populate cities or those with higher probabilities of lifelike disasters and car accidents will pay higher insurance premiums .
Frequently Asked Questions About Wisconsin Car Insurance Rates
Finding answers to your most frequently asked questions about car indemnity in Wisconsin can help you make informed decisions when denounce for coverage .
The modal car indemnity price in Wisconsin is $ 933 annually. This is the average cost across many different companies and locations for a sample 40-year-old driver. Your personal rates may vary based on your driving profile and which company you choose .
Wisconsin cable car policy is relatively low-cost due to the state ’ s humble exposure to lifelike disasters, low traffic density on highways and low vehicle larceny rates .
First gear, you should learn how much drivers like you pay. then, you can compare quotes from different companies to see if you can get a rate cheaper than those averages.
Methodology
MoneyGeek sourced cable car insurance quotes across Wisconsin in collaboration with Quadrant Information Services. The policies are for a 40-year-old driver with a safe drive record and full coverage unless the profiles were altered by the factors described above. These include coverage levels, historic period, driving violations, and credit grade. note that the policies referred to are wide coverage policies as described in our methodology page. To develop this lead, MoneyGeek besides collected the datasets below .
- 2019 highway traffic density from the Federal Highway Administration
- 2019 data on uninsured motorists from the Insurance Research Council
- Urban share of population from the U.S.Census Bureau
- 2019 motor vehicle theft rate from the FBI’s Crime in the United States Report
- Insurance Information Institute. “What is covered by a basic auto insurance policy?.”