Cheap Auto Insurance Quotes for College Graduates in Wisconsin

Trying to find low-priced insurance is not the easiest thing to accomplish, and figuring out which companies quote the most affordable insurance rates for college graduates takes more quotes for comparison. Every insurance company has a proprietary method for setting prices, so let’s rank the overall cheapest insurance companies in Wisconsin.

We do need to point out that Wisconsin insurance rates are based on many factors that control the cost of having a policy. Getting older, marrying your spouse, or getting a reckless driving citation can trigger rate changes that can cause some rates to be less affordable than competitors.

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USAA quotes some of the best car insurance rates in Wisconsin at around $598 annually. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance also qualify as some of the best Wisconsin auto insurance companies.

As the example above demonstrates, if you are a policyholder with Rockford Mutual and switched to USAA, you may see an annual savings of around $126. Customers with Pekin Insurance may save as much as $147 a year, and Rural Mutual Insurance customers might cut rates by $151 a year.

To find cheap auto insurance for college graduates in Wisconsin for your vehicle, click here to start your free quote or click through to the companies below.

Bear in mind that those rates are averaged across all insureds and vehicles and and are not figured with a rate decrease for college graduates. So the car insurance company that fits your situation best may not even be shown in the above rate chart. That points out the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.

One of the many components used to calculate auto insurance rates is where you keep your vehicle in Wisconsin. Areas with a lot of weather claims or more people like Milwaukee, West Allis, and Greenfield tend to have more expensive car insurance rates, whereas areas that are not as densely populated enjoy lower insurance rates.

The table below sorts the most expensive cities in Wisconsin for college graduates in which to buy car insurance.

Premium amounts are estimated as vehicle location can raise or lower coverage rates considerably.

Cost difference between full coverage and liability

Finding cheap auto insurance for college graduates in Wisconsin is important to the majority of people, and one of the quickest ways to reduce the cost of insurance is to buy liability only. The information below shows the difference between premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. Data assumes no accidents, no driving violations, $250 deductibles, drivers are single, and no other discounts are factored in.

If all age groups are averaged, comp and collision coverage costs an extra $1,621 per year more than just buying liability insurance. That may make you wonder if full coverage is worth the money. There is no definitive rule for dropping full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after you pay the deductible. If premium cost is more than $700 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some conditions where removing full coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. 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 in place.

Who is cheaper: State Farm, Geico, Allstate, or Progressive?

When comparing car insurance, four companies to take a look at are State Farm, Geico, Allstate, and Progressive. When combined, they have about 50% of the entire U.S. car insurance market. All of them have unique features and discounts that policyholders can choose from. The table below compares some of the different features that policyholders can buy.