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How to find affordable homeowners 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. Homeowners insurance costs an average of $114 per month in Milwaukee, Wisconsin. This is on par with average American's monthly home insurance payment.

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.

 
Table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling savings

 

Milwaukee home insurance by 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. Then, see our list of which home carriers rank best for customer satisfaction

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

 

Milwaukee homeowners insurance prices by coverage level

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.

 
POPULAR COVERAGE LIMITS IN MILWAUKEE
Coverage Level Average Annual Rate
$100K Dwelling $524
$200K Dwelling $865
$250K Dwelling $947
$400K Dwelling $1,373

 

Milwaukee home insurance rates 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 HOME INSURANCE AREAS IN MILWAUKEE
ZIP Code Average 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 HOME INSURANCE AREAS IN MILWAUKEE
ZIP Code Average Annual Home Insurance Rate
53216 $1,186
53218 $1,184
53204 $1,175

 

Milwaukee homeowners insurance deductibles

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.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN MILWAUKEE
Deductible Level Average Annual Home Insurance Rate
$500 $1,031
$1,000 $947
$1,500 $907
$2,000 $855
$5,000 $731

 

Home and auto insurance bundling 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 CAR INSURANCE RATES WITH HOME BUNDLE IN MILWAUKEE
Company Avg. Annual Auto Insurance Rate (With Bundle)
GEICO $850
American Family $858
State Farm $999
Acuity $1,088
West Bend Mutual $1,206

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Ross Martin photo
Ross MartinManager, Content Quality

Ross joined The Zebra as a writer and researcher in 2019. As a licensed insurance agent, he specializes in writing insurance content to help shoppers make informed decisions.

Ross holds a master's degree from Royal Holloway, University of London and has a background in copywriting and education. As a former teacher, he applies his educational skills to explain insurance concepts in ways that consumers can understand.

Ross's work has been cited by The New York Times, AxiosInvestopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.