Car Insurance In Milwaukee, Wisconsin (2021)

Car Insurance Milwaukee, Wisconsin

What Is The Average Car Insurance In Milwaukee?

According to The Zebra the average driver in Milwaukee will pay around $1,587 for car insurance. Milwaukee is the largest city in Wisconsin. The average car insurance in Wisconsin is around $1,100,  the national average car insurance rate is $1,580.

Why are Car Insurance Rates High In Milwaukee?

High Car Theft Rate

According to data from Neighborhoodscout over 4,500 cars were stolen in Milwaukee.  With a population of 590,000 this translates into 7.89 stolen cars per 1000 residents. The national average is 2.29 cars stolen per 100 residents. 

The chance of getting your car stolen is 3x higher in Milwaukee than the national average.  This is a major contributor to the higher insurance rates in the city.

Motor Vehicle Accident Rate

According to the Wisconsin government website In 2019 Milwaukee had over 29,000 car crashes. Milwaukee made up 20.4% of all car accidents in Wisconsin.

Accident rates and claims are a key factor in how insurance companies calculate car insurance rates. Since the city has such a high rate of car accidents it contributes to the higher rate of car insurance in Milwaukee

Fatality Rate

In 2019 Wisconsin has 554 car fatalities across the state. The county of Milwaukee alone had 74 fatalities or 13.3% of all fatalities.

Like accident rates, the fatality rate also is a major factor which impacts the car insurance rates of your ZIP or city.

Crime Rate

Overall crime is much higher in Milwaukee than the rest of the state. This also leads to the much higher car insurance costs compared to the rest of the state.  

Car Insurance Rates By Age

Age pays a big factor in how much you pay for car insurance. In Milwaukee the age group that pays the lowest car insurance premiums are this in their 50s.  The average annual premium for drivers in their 50s is around $1,390 per year.  Drivers in their 60s also pay below the average at $1,450 per year.

It is no surprise that teenage drivers pay the highest annual premiums. On average teenage drivers pay over $7,000 a year on car insurance.  The largest drop in annual premiums occurs once drivers reach 20 years of age. Drivers in their 20s pay around $2,100 which is a savings of almost $5,000 per year

Car Insurance Rates By Marital Status & Gender

Marital status and gender can play a role in calculating your car insurance premiums.  In Milwaukee married drivers pay $175 less than single drivers.  In many parts of the country married drives pay less than single drivers. Even divorced or and widowed drivers surprisingly pay less than single drivers.

When it comes to car insurance cost gap, female drivers in Milwaukee pay on average $20 less on car insurance than male drivers. 

Key Takeaways 

  • Maintain a clean driving record
  • Add anti-theft devices if you live in an area with high car theft
  • Take advantage of age and marital status to get better car insurance rates

QuotesPilot content is not written by a licensed  insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for your situation.