Average Car Insurance Costs in Wisconsin: What You Should Expect to Pay
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Live in Wisconsin and shopping for new car insurance? Getting familiar with average Wisconsin car insurance costs for residents can help you compare policies so you have enough coverage whether you get rear-ended or have to swerve around a dairy cow.
Factors Influencing Car Insurance Rates
Insurance rates are based on several factors, including the following:
- State regulations: Auto insurance costs vary based on coverage requirements and repair pay rates set by the state.
- Crime rates: Areas with higher car theft rates may see higher insurance rates.
- Environmental risks: Living in an area with frequent floods or tornados can increase your insurance costs, as your vehicle is more likely to be damaged.
- Vehicle make and model: Vehicles that are more expensive to fix are more costly to insure. Electric and hybrid vehicles may also have higher insurance rates.
- Driving history: Your personal driving history and any risk you pose to insure can influence your rates.
- Credit score: Your credit history is the basis for your credit-based insurance score, a scoring factor that can influence your rates.
Some factors, like state regulations or environmental risks, aren't negotiable on your coverage policy, but you can choose a less expensive vehicle to insure and maintain a clean driving record to influence your auto insurance rates.
Average Car Insurance Costs in Wisconsin
When searching for cheap car insurance in Wisconsin, it's good to know that the state's average car insurance costs are based on the minimum car insurance requirements residents must carry:
- $25,000 for injury or death to one individual in an accident
- $50,000 for injury or death to two or more people in a single accident
- $10,000 for property damage
- $25,000/$50,000 for uninsured motorists for one to two people
The Role of Driving History
Your driving history is a big part of your auto insurance rate. To assess your driving history, Insurance companies will look at:
- Your accident history
- Any claims you may have made
- Liability assigned to you in accidents
- Any driving violations
- How long you have been driving
Causing an accident, making a claim through your own insurance, and getting tickets for moving violations can significantly impact how your driving history affects your insurance premiums.
Special Considerations for Specific Groups
Of course, some specific groups will face unique rate criteria regardless of their location, which may push them above the average insurance coverage rates. These include high-risk drivers, senior citizens, and young adults.
High-Risk Drivers and Their Impact on Rates
High-risk drivers are those with a poor driving record. This can include multiple at-fault accidents, a record of driving under the influence (DUI), or multiple license points from moving violations. The higher the risk to insure you is, the higher your rates may be.
Senior Citizens — Unique Factors To Consider
Due to potential risks related to aging and driving, senior citizens may see increased insurance rates. But these increases can be balanced with other policy upgrades, such as reduced mileage policies for seniors who only drive around town or accident-free reductions after a set term of safe driving.
Young Adults and Insurance Challenges
It takes a while to get good at something new, including driving. But the steep learning curve for teen and young adult drivers means more risk, resulting in higher premiums.
This can create insurance cost challenges for young adults or families with teens. However, Wisconsin drivers can reduce their premiums with smart bundling or by taking advantage of cost-reducers like good student discounts.
Tips for Reducing Car Insurance Costs
Some essential strategies for reducing premiums rely on bundling, taking advantage of discounts, reducing coverage, and improving driving behaviors:
- Bundling: Most insurers offer bundling opportunities to reduce costs when you combine one or more policies, such as auto and homeowners or auto and renters insurance.
- Asking about discounts: You may qualify for a variety of discounts, including accident-free discounts and veteran, teacher, or good student discounts. Some discounts are linked to a device or app that evaluates your driving safety in real time, qualifying you for a discount sooner rather than later.
- Reducing coverage: You can lower your premiums by eliminating optional coverage, such as collision coverage. You may also request a special type of coverage if you drive less than average, which means you pay based on mileage.
- Improving driving behaviors: Though it will take some time to pay off, improving driving behaviors is one of the best ways to reduce your auto insurance cost. It reduces the chance of accidents or tickets and makes it less risky for you to be insured.
Working directly with an insurer or using an agent or broker to shop for you can help you combine the best savings strategies to find cheap car insurance in Wisconsin.
What To Expect Moving Forward
When it's time to shop for new insurance, compare policies on EverQuote to get multiple quotes that fit your needs all at once. Custom comparisons are always free with EverQuote and only take a few minutes to complete.
Wisconsinians can benefit from regularly comparing policy prices between car insurance companies in Wisconsin, as prices change daily.