Best Cheap Car Insurance Quotes for Seniors in Wisconsin

The cost and performance of the vehicle driven is probably the largest consideration when quoting the best cheap car insurance for seniors in Wisconsin. Vehicles with average performance, excellent safety ratings, or low incidents of liability claims will cost quite a bit less to insure than higher performance models.

The information below shows coverage prices for a selection of the cheaper vehicles to buy insurance for.

Data rating is based on married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle location which can lower or raise price quotes noticeably.

Data variables include married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in vehicle location which can raise or lower coverage rates greatly.

Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Table data does not factor in vehicle location which can decrease or increase premiums considerably.

One of the more important considerations that is used to help calculate rate quotes is where your car is garaged in Wisconsin. More populated areas like Milwaukee, West Allis, and Racine tend to have higher auto insurance costs, whereas areas that are not as densely populated tend to receive slightly lower rates.

The next table displays the higher priced cities in Wisconsin for seniors to buy auto insurance in.

Rate quotes are estimated as specific Wisconsin zip code can raise or lower coverage rates significantly.

Careless Wisconsin drivers pay higher rates

In a perfect world, the ideal way to receive affordable insurance premiums in Wisconsin for senior citizens is to drive cautiously and avoid at-fault accidents and violations. The example below illustrates how speeding tickets and at-fault accidents can increase insurance prices for each different age category. The information is based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.

In the prior example, the average cost of a car insurance policy in Wisconsin per year with no accidents or violations is $1,621. Add in two speeding tickets and the average cost rises to $2,148, an increase of $527 each year. Now add in two accidents along with the two speeding tickets and the annual cost of insurance for seniors goes up to an average of $4,103. That’s an increase of $2,481, or $207 per month, just for not paying attention while driving!

Comparison of full coverage and liability-only policies

Finding the best cheap car insurance for seniors in Wisconsin should be important to most drivers, and one of the fastest ways to lower the cost of insurance is to not buy full coverage. The chart below illustrates the difference between insurance prices when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no other discounts are factored in.

Averaged for all ages 20 through 70, comp and collision coverage costs $1,327 per year more than carrying just liability coverage. Many of you may wonder if you should buy full coverage. There is no exact rule of when to phase out comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s claim settlement value is $11,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $10,500 after the policy deductible has been paid. If it’s costing you more than $1,050 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Allstate vs State Farm vs Geico vs Progressive

If you’re looking for the best auto insurance for senior citizens in Wisconsin, the first places to look would be Allstate, State Farm, Geico, and Progressive. If you put them all together, they insure 48.5% of the entire U.S. auto insurance market. The table below breaks down ratings for price, service, and claims, in additional to some of the optional coverages .

Who has the cheapest insurance quotes for senior citizens?

Drivers have a lot of ways to purchase insurance in Wisconsin, but the most prevalent are through an exlusive agent such as State Farm or Liberty Mutual, an independent or non-exclusive agent, or direct either online or via phone.

All three ways are similar, but it’s good to know the differences in how they provide price quotes.

Independent insurance agents can place your business with multiple companies and can get rate quotes from all of them. Independent agents are not employed by only one company and can compare multiple rates, which can help you get more bang for your buck. If you want to switch companies, they simply switch companies in-house which prevents you from having to switch agents.

Exclusive agents are restricted to one insurance company, examples being Allstate or State Farm agents. They usually cannot compare other company’s rates, so keep that in mind.

Buying from a direct company means do not use a local agent and buy direct either online or via phone. Buying insurance direct can be a good choice for consumers who have little risk and have a good understanding of the exclusions of a policy.

So which way is best to buy the best cheap car insurance for seniors in Wisconsin? One answer would be buying direct results in the cheapest price since no commissions are paid to an agent, but in reality, that is not true. It could also be said using an independent agent results in the cheapest rates since they can provide multiple quotes, but that’s not always true, either. In some circumstances, the exclusive agents have very competitive rates that cannot be beaten by either independent or direct companies.

Since insurance prices vary so much, the only true way to buy the cheapest coverage is to get quotes and compare. Be sure to get price quotes from all three in order to be able to find the lowest price. A great place to start is our list of online companies offering discounts: click here to view.