Milwaukee Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find cheap homeowners insurance in Milwaukee


Home insurance is a hugely important part of owning a home. Fire, vandalism, theft, and wind damage are only a few of the perils for which homeowners insurance can protect your dwelling and other personal belongings. With the relative frequency of such events -- along with the high cost of rebuilding or repairing a home -- having a home insurance policy is a smart investment.

The cost of homeowners insurance coverage is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance policies may be more expensive to account for the extra risk. Find out more about what is covered by a homeowners insurance policy.

If you want to find inexpensive home insurance coverage in Milwaukee, start with looking around and comparing what different companies offer. Take a look at the summary below showing average homeowners insurance premiums in Milwaukee to help you get as much information as possible when you start your search for homeowners insurance. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Milwaukee, Wisconsin, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home 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 inexpensive home insurance in Milwaukee comes from SECURA Supreme, which offers average annual rates of just $865 per year. This is more favorable than the city’s average home insurance premium of $1,131.

Take a look at the cheapest insurance companies in Milwaukee, Wisconsin to find the right home policy for your needs.


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

Average homeowners insurance costs in Milwaukee by coverage level

How much you spend on home insurance coverage is greatly impacted by the level of coverage you choose. In Milwaukee, carrying $200K dwelling coverage costs an average of $865, while carrying additional coverage up to $400K costs $1,462/year.


HOMEOWNERS INSURANCE RATES IN MILWAUKEE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$865
$400K Dwelling$1,462

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Milwaukee home insurance prices by ZIP code

Home insurance costs can vary depending on what area of Milwaukee in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact in what you pay for homeowners insurance.

To find the most affordable home insurance rates in Milwaukee, look no further than 53228. In the 53228 area, homeowners policies typically cost just $1,056 per year — a full $75 less than the Milwaukee average. The below table shows the best places to live in Milwaukee if you’re looking for affordable homeowners insurance.


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

Other areas of Milwaukee, however, face homeowners rates that are higher than the city average . Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which could drive up area rates. One of the costliest ZIP codes for home insurance in Milwaukee is 53216, with an annual average rate of $1,186.


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



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Looking for a money-saving tip for insurance in Milwaukee? Try bundling

If you’re seeking ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling homeowners and auto insurance can be a good money-saving option. By bundling your policies, Milwaukee homeowners could see annual savings of 15% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN MILWAUKEE
CompanyAvg. Annual Auto Insurance Rate (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. Call 855-493-9728 to speak with an insurance specialist today.


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