Milwaukee, WI Homeowners Insurance

Learn more about how to find affordable homeowners insurance in Milwaukee.

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How to find cheap home insurance in Milwaukee

 

Among the most important aspects of owning a home is homeowners insurance. Home insurance policies provide coverage against fire, wind damage, and theft for your home and the contents inside it. Incidents like this occur frequently. When paired with the high cost of repairing or rebuilding a house, purchasing homeowners coverage can seem like a smart move.

What you pay for homeowners insurance factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Learn more about what is covered by a homeowners insurance policy.

If you want to find cheap home insurance coverage in Milwaukee, start with shopping around and comparing policies. Have a look at the summary below comparing average Milwaukee homeowners insurance costs to ensure you start your search with as much background info as possible. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.

 
Milwaukee, Wisconsin, homeowners insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by neighborhood
  4. Rates by deductible level
  5. Policy bundling discounts

 

Homeowners insurance in Milwaukee by insurance company

What you pay for homeowners insurance in Milwaukee will depend on the insurance company you get your policy through. The most affordable home insurance in Milwaukee is SECURA Supreme offering average annual rates at just $865 per year. This is considerably cheaper than the city’s average homeowners premium of $1,131.

Below you'll find a list of the cheapest homeowners insurance companies in Milwaukee, Wisconsin to help you start your search.

 
AFFORDABLE HOME INSURERS IN MILWAUKEE
CompanyAverage Annual Rate
SECURA Supreme$865
Erie$891
Rural Mutual Insurance$938
Wisconsin Mutual$944
Allstate$960

 

Average homeowners insurance prices in Milwaukee by coverage limit

Your chosen amount of homeowners coverage determines the insurance premiums you pay. Homeowners in Milwaukee who carry $200K in dwelling coverage pay an average of $865 per year, while those with coverage up to $400K pay around $1,373 per year.

 
HOMEOWNERS INSURANCE RATES IN MILWAUKEE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$524
$200K Dwelling$865
$250K Dwelling$947
$400K Dwelling$1,373

 

Milwaukee home insurance prices by ZIP code

Homeowners insurance premiums can vary depending on what area of Milwaukee in which you live. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, your neighborhood's location can dramatically affect your home insurance premium.

The cheapest home insurance rates in Milwaukee are available in 53228. In 53228, the typical home insurance policy costs $1,056 per year — $75 less than the citywide average in Milwaukee. The below table shows the best places to live in Milwaukee if you’re looking for affordable homeowners insurance.

 
AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN MILWAUKEE
ZIP CodeAverage Annual Home Insurance Rate
53228$1,056
53227$1,069
53226$1,073

On the other hand, some areas of Milwaukee face higher homeowners insurance costs, on average. Fire risks, crime rates, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. An average annual rate of $1,186 makes 53216 the most expensive ZIP code in Milwaukee for home insurance.

 
EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN MILWAUKEE
ZIP CodeAverage Annual Home Insurance Rate
53216$1,186
53218$1,184
53204$1,175

 

Home insurance deductibles in Milwaukee

Among the numerous choices homeowners face when purchasing an insurance policy is how high to set the deductible. A deductible is an amount for which a homeowner is responsible before an insurance company steps in to cover costs. Where you choose to set your homeowners deductible is linked to how much you will pay for insurance.

When choosing a deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those looking for lower rates will want to consider a higher deductible. Bear in mind that your deductible should not be so high that you would struggle to pay it in the event of a loss.

The following chart shows the typical premiums associated with most deductibles.

 
HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN MILWAUKEE
Deductible LevelAverage Annual Home Insurance Rate
$500$1,031
$1,000$947
$1,500$907
$2,000$855
$5,000$731

 

Money-saving tip: bundle home and auto insurance in Milwaukee

You might want to consider purchasing your auto and homeowners policies through the same company if saving money is one of your concerns. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. In fact, bundling policies in Milwaukee leads to average annual savings of 15%.

 
CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN MILWAUKEE
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$850
American Family$858
State Farm$999
Acuity$1,088
West Bend Mutual$1,206
 

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.

 

Compare home insurance rates today!

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.