Best & Cheapest Homeowners Insurance in Milwaukee, WI For April, 2024

Allstate provides the most affordable home insurance for homeowners in Milwaukee, with an average annual premium of $1,041.

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Bob Phillips
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After a thorough review of home insurance providers in Milwaukee, Wisconsin, we have found that Allstate is the most cost-effective option, with an average annual premium of $1,041. However, it’s important to note that the best insurer for you can vary depending on your specific circumstances and needs.

For example, if your credit score is lower, Travelers offers the most affordable choice, with an average yearly premium of $2,261. On the other hand, for owners of older homes, State Farm provides competitive rates at $1,677 annually, along with comprehensive coverage.

Similarly, for owners of newly constructed homes, Allstate emerges as the most economical option, with a charge of $840 per year. For individuals with a history of claims, State Farm offers an affordable solution at $1,648 annually, while also being empathetic to your situation.

Furthermore, if you have valuable personal property requiring protection, Allstate remains the recommended choice, providing extensive coverage at a reasonable rate of $1,142 per year.

Our comprehensive analysis at Insuranceopedia is designed to help you find the perfect match for your home insurance needs. We assess customer ratings, review personal experiences, and offer comparison charts to provide you with all the necessary information to make a well-informed decision.

How much is homeowners insurance in Milwaukee, WI?

Allstate provides the most budget-friendly homeowners insurance rate in Milwaukee, with an annual cost of $1,041.

As mentioned below, insurance rates in Milwaukee are lower than the national average but slightly higher than the average rates for the state of Wisconsin.

Area Average Monthly Rate
National $1,820
Wisconsin $1,267
Milwaukee $1,384

Understanding that insurance rates are not standardized is crucial because they can vary significantly based on various factors.

For example, your personal driving history is a key factor. Having a history of traffic violations or accidents generally leads to higher insurance costs compared to maintaining a clean driving record. Additionally, the type and model of your vehicle are significant considerations, as luxury or high-performance cars typically come with higher insurance expenses.

Your location also plays a role in determining your insurance rates, with urban areas often facing higher premiums due to increased risks of theft or accidents in densely populated regions. Furthermore, factors such as your age and marital status can influence the amount you pay for car insurance.

Cheapest Homeowners Insurance in Milwaukee, WI 2024

Our Methodology

In our quest to find the most budget-friendly home insurance rates in Milwaukee, we analyzed data from multiple home insurance review platforms. These platforms collected rates from public filings obtained through Quadrant Information Services, and we computed an average of these rates for our assessment. However, it's crucial to note that rates from each company can fluctuate regularly and may differ based on your unique circumstances. Additionally, our overall rating incorporates my subjective evaluation. This assessment draws from my fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Milwaukee, WI

Allstate is the top choice for affordable homeowners insurance in Milwaukee, Wisconsin, offering an average annual rate of $1,041.

Company Annual Premium
Allstate $1,041
USAA $1,446
State Farm $1,467
Chubb $1,648
Farmers $2,320

Your insurance premium is affected by various factors, such as your location, home value, and claims history. Allstate provides a well-rounded mix of affordability and comprehensive coverage options.

Cheapest Homeowners Insurance In Milwaukee If You Have an Older Home

If you have an older home, State Farm provides the most cost-effective rates, averaging $1,677 per year.

Insurance Company Average Annual Premium
State Farm $1,677
Farmers $1,755
Allstate $1,979
USAA $2,009
Auto-Owners $2,267

Older homes often present unique risks and maintenance challenges that can result in higher insurance costs. However, State Farm offers competitive rates and comprehensive coverage specifically tailored to address the needs associated with older homes.

Cheapest Homeowners Insurance If You Have Poor Credit

Travelers provides the most affordable option for individuals with poor credit scores, offering an average annual rate of $2,261.

Insurance Company Average Annual Premium
Travelers $2,261
Allstate $2,780
State Farm $3,270
USAA $3,398
Chubb $3,408

Your credit score plays a significant role in determining your insurance rates, as insurers use it to assess risk. Travelers recognizes the importance of providing equitable coverage to all individuals, regardless of their financial situation.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’ve recently purchased a newly constructed home, Allstate provides the most affordable option, with an average annual rate of $840.

Insurance Company Average Annual Premium
Allstate $840
USAA $1,011
State Farm $1,097
Chubb $1,491
Auto-Owners $1,687

Newly constructed homes often demand unique coverage compared to older properties, and Allstate stands out in offering affordable policies customized to meet these specific requirements.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a substantial amount of personal property, Allstate provides the most budget-friendly rates, averaging $1,142 per year.

Insurance Company Average Annual Premium
Allstate $1,142
State Farm $1,482
Chubb $1,841
Farmers $2,056
Auto-Owners $2,452

As your personal property expands, your coverage needs also grow, potentially leading to higher premiums. However, Allstate offers comprehensive coverage at fair rates, ensuring that all your belongings are adequately protected.

Cheapest Home Insurance In Milwaukee for a History of Claims

For homeowners with a history of claims, State Farm offers a budget-friendly solution, with an average annual rate of $1,684.

Insurance Company Average Annual Premium
State Farm $1,684
USAA $1,699
Allstate $1,984
American Family $2,310
AAA $4,522

Having a history of claims can signal increased risk for insurers, typically resulting in higher premiums. However, State Farm believes in giving second chances and provides reasonable rates for individuals with past claims.

Best Homeowners Insurance Companies in Milwaukee, WI

Selecting the right home insurance isn’t just a necessity; it’s a strategic decision. Milwaukee’s homes are diverse, reflecting the diversity of its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

To streamline your decision-making process, we’ve gathered a list of the top home insurance companies in Milwaukee, Wisconsin. These companies were assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Explore our comparison chart below to discover the ideal fit for your home insurance requirements.

Company Annual Premium
Allstate $1,041
USAA $1,446
State Farm $1,467
Travelers $1,089
Chubb $1,648
Farmers $2,320
Auto-Owners $1,657
American Family  $1,377

Average Home Insurance Rates by Zip Codes

The price of home insurance in Milwaukee, Wisconsin, can differ significantly depending on the zip code. Below are tables displaying rates for various zip codes, including the least and most expensive ones for yearly premiums.

ZIP Code Average Insurance Premium (Annual)
53221 $1,169
53215 $1,234
53218 $1,274
53223 $1,204
53207 $1,181
53222 $1,190

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
53207 $1,181
53224 $1,214
53219 $1,145
53225 $1,222
53215 $1,234

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
53216 $1,278
53208 $1,272
53210 $1,267
53206 $1,289
53212 $1,260

Average Home Insurance Rates in Milwaukee, WI by Deductible Amount

The deductible amount you select for your homeowners insurance policy has a significant impact on premium rates in Milwaukee, WI. Here’s how average home insurance rates vary based on different deductible amounts:

Deductible Annual Rate
$500 $1,667
$1,000 $1,218
$1,500 $1,192
$2,000 $1,076
$5,000 $930

Average Home Insurance Rates in Milwaukee, WI By Coverage Amount

The dwelling coverage amount is a crucial factor influencing your premium, representing the maximum sum your insurance company will pay to rebuild or repair your home in case of damage or destruction.

Here’s a comparison chart illustrating the average annual homeowners insurance premiums for various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $915
$250,000 $1,163
$300,000 $1,240
$350,000 $1,398
$400,000 $1,576

Average Home Insurance Rates in Milwaukee, WI by Company

Here’s a comparison of annual premiums from some of the leading insurance companies in Milwaukee.

Company Annual Premium
Allstate $1,041
USAA $1,446
State Farm $1,467
Travelers $1,089
Chubb $1,648
Farmers $2,320
Auto-Owners $1,657
American Family  $1,377

How Much is Homeowners Insurance for Other Cities in Wisconsin?

Here’s a detailed comparison chart displaying the most budget-friendly insurance companies and their annual premiums across different cities in Wisconsin.

City Annual Premium
Appleton $1,068
Green Bay $1,035
Madison $1,080
Kenosha $1,098

Getting Online Homeowners Insurance Quotes in Wisconsin

Platforms such as Insuranceopedia make it easy to find customized coverage that meets your requirements with minimal effort. By offering fast online quotes from reputable insurers, Insuranceopedia enables you to compare rates effortlessly.

Simply enter your information, and we’ll handle the rest by providing a variety of options tailored to your needs. This allows you to confidently select a policy that offers excellent value, balancing cost and comprehensive coverage effectively.

FAQs

Who has the cheapest home insurance in Milwaukee, WI?

Allstate offers the most affordable homeowners insurance in Milwaukee, Wisconsin, with an annual premium of $1,041.

What is the average cost of home insurance in Milwaukee, WI?

On average, homeowners insurance in Milwaukee, Wisconsin, costs around $1,267 per year.

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