How Much is Car Insurance for Teenagers in Wisconsin?

The words “bargain” and “insurance” really shouldn’t be used in the same sentence, especially when you are looking for the best car insurance for teenagers. In an attempt to save some money, let’s lead off by showing you some of the things that have an effect on car insurance rates, and see if we can help you slash the price of your next policy.

Determining which company offers the best insurance rates for teenagers may require more work in order to find a policy that fits your budget. Every insurance company has a different process to set premium rates, so let’s look at the rankings for the insurance companies with the most affordable rates in Wisconsin.

It’s important to know that Wisconsin insurance rates are determined by lots of factors that can increase the price you have to pay for coverage. Getting older, buying a home instead of renting, or having an accident can trigger price changes that can now make some companies more affordable than the competition.

Cheapest Insurance Rates for Teens

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USAA may offer some of the lowest car insurance rates in Wisconsin at around $586 each year. Partners Mutual, Erie, Pekin Insurance, and Rockford Mutual also make the cut as some of the cheaper Wisconsin insurance companies.

As illustrated above, if you buy coverage from Rockford Mutual and switched to Partners Mutual, you might achieve yearly savings of upwards of $138. Insureds with Nationwide might save as much as $144 a year, and Western National insureds might cut rates by $161 a year.

Bear in mind that those prices are averaged for all ages of drivers and types of vehicles and and are not figured with a price surcharge for teenagers. So the car insurance company that can offer you the lowest price may not even be included in the list of companies shown earlier. That point stresses why you need to get rate quotes from many companies using your own specific driver and vehicle information.

When buying insurance for teen drivers, one of the key considerations that insurance companies use when figuring the annual cost of car insurance is where you keep your car in Wisconsin. Cities with more crime and/or more people like Milwaukee, West Allis, and Oak Creek tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheap insurance for teenagers in Wisconsin.

The next table rates the most expensive areas in Wisconsin for teenagers in which to buy car insurance.

Price information shown is approximated as the specific garaging location can decrease or increase prices considerably.

How accidents and violations affect rates

A great way to get the cheapest insurance prices in Wisconsin for teen drivers is to be a careful driver and avoid accidents and keep your driving record clean. The diagram below highlights how traffic violations and at-fault collisions increase annual premium costs for different age groups. The prices are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of a car insurance policy in Wisconsin per year with a clean driving record and no accidents is $1,142. Receive two speeding tickets and the average cost hikes up to $1,626, an increase of $484 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of insurance for teenagers jumps again to an average of $3,269. That’s an increase of $2,127, or $177 per month, just for not driving safely!

Progressive, State Farm, Allstate, or Geico: Which is best?

When comparing car insurance for teen drivers in Wisconsin, the companies with the most market share are Progressive, State Farm, Allstate, and Geico. The next table shows ratings for price and service, as well as some optional coverages that are available for policyholders.

How to find cheap insurance for teenagers in Wisconsin

The list below summarizes some of the recommended money-saving suggestions that can help Wisconsin drivers buy cheaper auto insurance.

• Try paying for small claims out-of-pocket
• Serious violations like DUI or careless driving can make car insurance unaffordable
• Get cheaper liability coverage by choosing a safer vehicle
• Prevent rate increases by staying accident-free
• Pay lower rates with good credit
• Compare rate quotes frequently

The last idea is particularly crucial, as was pointed out in this piece. Auto insurance prices in Wisconsin fluctuate constantly, so drivers shouldn’t be reluctant to buy from a different company if a more affordable price is available. Staying with the same car insurance company is fine, but it’s not recommended if that loyalty results in overpaying hundreds of dollars year after year. In less than five minutes you could compare prices and find cheaper auto insurance for teenagers.