How Much Does Car Insurance Cost for College Students in Wisconsin?

It’s impossible to miss the catchy advertisements from car insurance companies like State Farm, Nationwide, and The General guaranteeing huge savings, so you just need to choose one randomly, right?

It’s not that easy, however, as there are a whole bunch of unknown elements such as whether you are a man or a woman, your age, and whether or not you own a home. This article goes into detail about these things and hopefully give you enough understanding to have some help in finding cheaper rates.

The car, truck, or SUV you are buying coverage for is one of the primary factors when shopping around for the best cheap coverage for college students. Vehicles with lots of horsepower, poor crash test ratings, or high incidents of liability claims will cost much more to insure than safer models. The table below ranks car insurance premiums for some of the cheaper vehicles to insure.

Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in garaging location in Wisconsin which can lower or raise rates considerably.

Looking at the rates, vehicles like the Ford Escape, Honda CR-V, Chevrolet Traverse, Volkswagen Jetta, and Dodge Grand Caravan are most likely to be the more affordable vehicles to insure for students in college. The cost of a car insurance policy will be higher anyway because there is more inherent risk for college students, but generally speaking those models will probably have the cheapest rates available.

One of the more important criteria used to establish the price you pay for insurance is where you choose to live. Areas with a lot of weather claims or more people like Milwaukee, West Allis, and Oak Creek are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower coverage costs.

The information below lists the highest-priced areas in Wisconsin for college students to buy an auto insurance policy in.

Rate quotes are comparative as the garaging address in Wisconsin can decrease or increase auto insurance rates significantly.

Figuring out which company quotes the cheapest insurance rates for college students calls for a little more work in order to find coverage that fits your buget.

Each auto insurance company has a different process for determining rates, so let’s look at the rankings for the most affordable insurance companies in Wisconsin. It’s important to understand that Wisconsin insurance rates are determined by lots of factors that may substantially change the price of coverage. Getting older, buying a new vehicle, or getting a couple of tickets can trigger changes in premium that may make certain companies much cheaper than others.

Best Insurance Companies for College Students

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USAA has some of the lowest car insurance rates in Wisconsin at around $604 annually. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are also some of the more affordable Wisconsin car insurance companies.

As shown in the table above, if you are a policyholder with Rockford Mutual and switched to Partners Mutual, you might achieve an annual premium reduction of upwards of $128. Customers with Pekin Insurance may save as much as $142 a year, and Western National customers might reduce prices by as much as $143 a year.

To get a fast rate comparison, click here to get quotes or quote rates from the companies below.

Remember that these estimates are averages for all drivers and vehicles and are not factoring in a rate increase for college students. So the insurer that is best suited for you may not even be in the list of companies above. That’s why you need to compare as many prices as possible using your own specific driver information and vehicle.

Poor driving habits will raise your insurance rates

The easiest method to maintain cheap auto insurance for college students in Wisconsin is to be a safe driver and avoid accidents and violations. The illustration below illustrates how speeding tickets and fender-benders can drive up yearly insurance costs for each different age category. The premiums are based on a married female driver, full coverage, $500 deductibles, and no additional discounts are factored in.

In the previous example, the average cost of a car insurance policy in Wisconsin per year with no accidents or violations is $1,116. Add in one speeding ticket and the average cost swells to $1,301, an increase of $185 each year. Now add in one accident along with the one speeding ticket and the annual cost of insurance for college students increases to an average of $1,821. That’s an increase of $705, or $59 per month, just for being a less-than-perfect driver!

Who has the cheapest insurance quotes for students in college?

You have many ways to compare insurance quotes in Wisconsin, but the three most common are either through a captive (or exclusive) agency like Allstate or State Farm, a non-exclusive or independent agent, or direct either online or via phone.

You can use whichever you prefer, but they differ slightly in how they provide rate quotes.

Independent insurance agents work with multiple companies and can compare rates with each one. Agents of this type can give you more rate choices, which can help you get the best chance of finding a lower price. If your agent finds better pricing, your policy can be easily switched to a new company without having to get a different agent.

Exclusive agents are restricted to quoting rates for just one company, two examples are a State Farm or Allstate agent. They usually cannot compare rates from other companies, so always compare other rates.

Choosing to buy insurance direct means you bypass an agent and instead shop direct either online or via phone. Buying insurance direct can be a good choice for people who do not have a lot of assets and understand the limitations of insurance.

Which method works best to find cheap auto insurance for college students in Wisconsin? The majority of people assume that buying direct results in the cheapest price because there are no middleman commissions, but in reality, that is not true. An argument could also be made that an independent agency results in the cheapest rates since they can provide multiple quotes, but that assumption is also not necessarily accurate. And often times, exclusive agents have extremely competitive rates that cannot be met by either independent or direct companies.

Because there are so many factors that make up insurance rates, really the only way to find out which one is cheapest is to get quotes and compare the rates. The best approach is to get rate quotes from all three to give yourself enough choices. For a list of companies offering online discounts in Wisconsin, click here to view.