The average cost of minimum car insurance in Wisconsin is $332 per year or $27 per month, which is lower than the U.S. national average of $47 per month.
Car insurance rates are determined by several factors, including your age, gender, credit score, claims record, and zip code.
It is simple. If you have one or more claims, then you should expect to pay higher insurance premiums than someone whose account is in good standing with a clean driving record. Even the smallest of infractions can cause your premiums to skyrocket.
What Is the Average Premium in Wisconsin for Full Coverage Car Insurance?
The average premium in Wisconsin for full coverage car insurance is $1,186 annual for full coverage.
Full coverage car insurance includes comprehensive, collision, and property damage liability. Comprehensive coverage covers losses caused by events outside of one’s control, such as theft or extreme weather. Collision coverage repairs your car in the event it is part of a collision with another vehicle or object like a tree or telephone pole.
We highly recommend seeking full coverage. Full coverage gives you the highest level of protection for yourself, your family and your property. You can lower the cost of your premium by asking for a higher deductible. Full coverage provides greater peace of mind.
How Much Is It for Just the Minimum Required Car Insurance in Wisconsin?
If you are a driver with no history of claims or other imperfections on your driving record, if you fall into the right age category, if your credit history is good and you meet other desirable metrics you can get the minimum amount of insurance in Wisconsin for about $27 per month.
Although obtaining minimum car insurance coverage is legal, it will place you at higher risk in the event of an accident. Accident damage value can exceed limits, putting you on the firing line for out-of-pocket costs towards medical and legal bills. Be sure to have the right coverage for your needs.
How Do Rates Compare Across Major Cities in Wisconsin?
Rates vary considerably between different cities and towns in Wisconsin. For example, Milwaukee residents can expect to pay an average annual premium of $55 per month for minimal coverage, whereas residents in sparsely populated Neenah can expect to pay an average annual premium of $33 for the same coverage.
The reason for the disparity is simple. There is a higher claims history and riskier driving behaviors in larger metropolitan areas than sparsely populated areas, so the assumed risk is greater in the insurance company’s eyes.
Here are Wisconsin’s top 10 most populous zip codes and the minimum average coverage rates residents can expect to pay per month.
Methodology: We use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.