Milwaukee Renters Insurance

The Zebra
July 23, 2019

Milwaukee renters insurance


It's very important to maintain renters insurance if you're renting a house or an apartment. Renters insurance covers your dwelling and most property within it against a variety of harms, such as theft, fire, vandalism, or wind damage. Given the reasonable likelihood of a damaging incident, the affordable price of renters insurance, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of renters insurance relies on a number of factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines of your insurance company. In areas prone to events such as fire, lightning, wind, or hail, renters insurance policies may be more expensive to account for the extra risk.

The average annual cost of renters insurance in Milwaukee is $138.

Getting affordable renters insurance in Milwaukee should start with a thorough review of the top renters insurance companies. Check out our breakdown of Milwaukee, Wisconsin renters insurance costs to ensure you start your search with as much background info as possible. Remember: your renters insurance costs may vary based on your coverage limits and other factors.


Milwaukee renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Renters and auto insurance discounts

Renters insurance in Milwaukee — popular companies

Renters insurance rates in Milwaukee, Wisconsin depend on the insurance company providing the quote. For instance, Rural Mutual Insurance offers the most affordable renters insurance in Milwaukee, at just $82 per year. That's less expensive than the city's average cost of $138, providing a $57 price break on typical rates in the city.

Start your search for a renters insurance policy by reviewing the cheapest companies in Milwaukee.


CHEAP RENTERS INSURANCE COMPANIES IN MILWAUKEE
CompanyAverage Annual Rate in Milwaukee
Rural Mutual Insurance$82
Erie$107
SECURA Supreme$120
AAA$120
State Farm$123

Milwaukee renters insurance pricing by coverage level

The cost of your renters insurance depends on the amount of coverage you opt to carry. Common renters insurance coverage tiers are $25,000 and $50,000 property coverage. In Milwaukee, the average annual cost difference between these tiers is approximately $54. If you can afford the up-front expense, it's an option worth considering.

Coverage LevelAverage Annual Rate in Milwaukee
$25K Property$111
$50K Property$165

How to save: bundle your renters and car insurance policies

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Pairing renters and car insurance in Milwaukee can save you a substantial sum each month on your auto insurance bill. In fact, bundling renters and auto insurance leads to average savings of 7.4% on car insurance premiums. The car insurer with the cheapest bundled rate is GEICO, followed by American Family and Acuity.


AUTO AND RENTERS INSURANCE BUNDLE SAVINGS IN MILWAUKEE
Annual Bundle SavingsBundle Savings %
$1017.4%

Need renters insurance? Talk to an expert today.