Cheap Auto Insurance for Unemployed Drivers in Wisconsin

Things would sure be easy if we could just give you the name of the company that has the cheapest policy rates in Wisconsin. Regrettably, it’s not quite that easy, as there are a whole slew of unknowns like your credit history, if you are a man or woman, when you were born, and the liability claim history for your vehicle model, that all have an effect on the price of a policy. This article covers some of these criteria and will hopefully give the reader a good beginning to your quest for cheaper car insurance in Wisconsin.

Finding reliable, cheap auto insurance is hard enough, and figuring out which insurers offer the best insurance rates for unemployed drivers will take even more diligence. Every car insurance company has a different process to set premium rates, so first we will examine the most competitive insurance companies in Wisconsin.

It’s important that readers know that Wisconsin insurance rates are impacted by many factors that may substantially change the policy premium. Price variation is why Wisconsin drivers need to take the time to shop around when trying to get the most affordable car insurance rates for unemployed drivers. Prices consist of many factors and change frequently, so the best company the last time you compared rates may now be costing you a lot of money.

Cheapest Insurance Rates for Job Seekers

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USAA may have some of the best car insurance rates in Wisconsin at around $604 a year. Partners Mutual, Erie, Rockford Mutual, and Nationwide would also be considered some of the lowest-priced Wisconsin insurance companies.

As shown above, if you currently buy coverage from Partners Mutual and switched to USAA, you might achieve annual savings of in the vicinity of $28. Drivers with Erie could save as much as $92 a year, and Rockford Mutual insureds might cut rates by $120 a year.

To find cheap auto insurance for unemployed drivers in Wisconsin for your vehicle, click here or click through to the companies below.

Understand that those policy prices are averages for all insureds and vehicles and and are not figured with a rate decrease for unemployed drivers. So the insurer that fits your age and vehicle best may not even be included in the list of companies shown earlier. That helps illustrate why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The type of vehicle you are insuring is a significant factor when comparing cheap auto insurance for unemployed drivers. Vehicles with lots of speed or power, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more economical and safe models.

The data below outlines car insurance premiums for some of the cheaper automobiles to buy coverage for.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Price information does not factor in vehicle location which can change insurance rates substantially.

Looking at the numbers, we can presume that models like the Ford Escape, Honda CR-V, and Ford Explorer will definitely be the most affordable vehicles to insure for the unemployed.

The example below illustrates how choosing a deductible can increase or decrease insurance rates when getting quotes for cheap insurance for unemployed drivers. The information is based on a married female driver, comp and collision included, and no discounts are applied to the premium.

The data above shows that a 30-year-old driver could lower rates by $216 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $328 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old example, could save $466 every year by using a higher deductible. If you make the decision to raise deductibles, it will be required to have plenty of money set aside to be able to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Discounts on cheap auto insurance for unemployed drivers in Wisconsin

Insurance providers that provide coverage for unemployed drivers may also give you premium discounts that could reduce prices by 40% or more if you qualify. The best insurance companies and a selection of discounts are shown below.

The information below shows the comparison of car insurance costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no accidents, no driving violations, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with vehicle safety, anti-theft, claim-free, homeowner, passive restraint, and marriage discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for unemployed drivers is 38% or $636.

Progressive vs Allstate vs State Farm vs Geico

When comparing rates for car insurance for the unemployed in Wisconsin, probably the best companies to start with are Progressive, Allstate, State Farm, and Geico. Between them, they insure over 48% of all auto insurance policies in force. The data below shows some of the different features that you can purchase from each one.