Milwaukee Insurance Rates:

Milwaukee, WI home insurance is approximately $539 to $728, about $44-$60/month. Our comprehensive guide reveals consumers can save as much as $253 by comparing different quotes

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Milwaukee, Wisconsin Homeowners share details on the cheapest & most trustworthy home insurance companies for you to compare & get great deals.

Milwaukee Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $160/4 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $170,000

3 Beds, 3 Bath 1880 sqft Rental Property Constructed In 1966 with Linoleum, Slate Shingles Roof, Piers Foundation, Wood siding, Stucco Construction. Home Features Include Fire Extinguisher, Smoke Alarm, Central Air Conditioning, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

38 Years old Single Male who has a Full Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $770/10 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $365,000

5 Beds, 5 Baths 4760 sqft Vacation Property Constructed In 1975 with Carpet over wood flooring, Shingles Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Fireplace, Swimming Pool, Fire Extinguisher, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

70 Years old Single Female who is Retired with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $50/1 month for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $195,000

5 Beds, 5 Baths 2220 sqft Seasonal Residence Constructed In 1950 with Carpet Flooring, Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

25 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $380/9 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $110,000

3 Beds, 3 Bath 1290 sqft Vacation Property Constructed In 1943 with Carpet Flooring, Slate Shingles Roof, Chainwall Foundation, Stucco siding, Wood Frame. Home Features Include Central Air Conditioning, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

52 Years old Married Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $230/9 months for $50,000-$75,000 Coverage
Policy Holder Home Details :

Home Value : $85,000

2 Beds, 2 Bath 1192 sqft Primary Residence Constructed In 1957 with Carpet Flooring, Asphalt Shingles Roof, Slab Foundation, Brick siding, Stucco Construction. Home Features Include Central Air Conditioning, Fire Extinguisher, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

72 Years old Married Female who is Unemployed and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $120/2 months for $130,000 Coverage
2 family house with 1 car garage on level. 2 generous sized bedrooms bedrooms and a full bath. Finished basement with separate entrance. Second floor unit is on rent. Roof less than 5 years old, driveway redone 1 year ago & has new appliances
Widowed father with 2 kids and mother staying with me. No dogs & pets. House almost paid for. Part time job.
Home Insurance Rate of $636/12 months for $245,000 Coverage
Our area has never seen a crime or theft ever since I have been living hear so I think any insurance costs because of theft should be negligible.
We have kids who are out of the house and with their own family who live close to us.
Home Insurance Rate of $880/12 months for $200,000 Coverage
It's worth about 160,000. It's a very old polish flat in the Riverwest neighborhood of Milwaukee. About 4,700 square feet. Income level of the neighborhood is extremely mixed but on the high end compared to to surrounding zip codes. Security is moderate, some crime from the worse areas to the west. We purchased about 4 years ago for 136,000.
I'm married with 2 kids, credit rating about 730. No smoking, I (the father) work from home and take care of the kids while my wife works a 9-5 job.

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Milwaukee Rates & Quotes Analysis:

Milwaukee Area Estimated House Insurance
Venus Ct, Seven Pines Way, Raintree Ct, Heritage Pkwy, Rainberry Ct, Neptune Dr, Farm Valley Ct, Huckleberry Ct, Snow Hill Ct, Emerald Ln$699
Crabtree Ln, Windsong Ct, Wooded Hills Dr, Lyle Ln, Knollcrest Cir, Berrywood Ct, Honeysuckle Ln, Bel Aire Ln, Meadow Gate Ct, Cherry Ln$715
Buckthorn Dr, Sunberry Ct, Sunvalley Trl, Still Water Ct, Bradley Way, Heritage Hills Ct, Hidden Pond Ct, Ridewood Ln, Heritage Hills Pkwy, Twin Meadows Dr$709
Quiet Creek Ct, S Country Aire Dr, N Wausaukee Rd, Rogers Dr, Ridgefield Rd, Whethersfield Ct, Overlook Ct, Donges Bay Rd, Pilgrim Rd, Rimrock Rd$712
Windsong Cir E, Crimson Rd, Wilson Cir, Tree Tops Dr, Sun Valley Trl, White Pine Ct, Strawgrass Ln, Burning Bush Ct, Sunburst Ct, High Ridge Ct$700

Insurance rates are influenced by a number of factors including:

  • Year Built: 104,477 Homes (40% of total) built between 1939 or earlier in Milwaukee are paying home insurance between $1,355-$1,365 and differs from Wauwatosa (+$84), Shorewood (+$145), Glendale (+$69), Racine (-$10) and Theresa (-$18).
  • Bedrooms: 84,644 3 bedrooms homes (33% of total homes ) in Milwaukee are paying about $622 in contrast with Wauwatosa (+$38), Shorewood (+$64), Glendale (+$31), Racine (-$4) and Theresa (-$9).
  • Auto Insurance Bundling: 41,743 Households (40% of all households) in Milwaukee have 2 vehicles available and when it is bundled with home insurance you can save $126. Discounts for similar bundling in close by locations such as Wauwatosa, West Milwaukee, Shorewood come to $134, $126, $140 respectively.
  • Senior Discounts: 44,567 seniors (more than 55 years) occupied housing units (43% of total) in Milwaukee get discounts between $94 to $97. The comparative concessions in proximate regions such as Wauwatosa, West Milwaukee and Shorewood are $100, $94 and $105 respectively.
  • New Homes discounts: New homes such as the 67,880 homes built between 2000 to 2009 in Milwaukee can save $126 and similar new home insurance discounts in nearby towns and cities like Wauwatosa, West Milwaukee and Shorewood are $134, $126 and $140 respectively.

Milwaukee Homeowners insurance Facts

  • Milwaukee, WI has 102,224 owner occupied houses which is 44.5% of all units whereas Wauwatosa, West Milwaukee and Shorewood have 66.13%, 31.63% and 50.46% respectively.
  • Milwaukee, WI homeowners yearly insurance price at $634 is 0.47% of the typical house value of $134,400 which is in contrast with 0.3% in Wauwatosa, 0.48% at West Milwaukee & 0.24% in Shorewood.
  • Homeowners in Milwaukee, WI pay 1.69% of their income ($35,000 to $39,999) in insurance whereas homeowners in Wauwatosa, West Milwaukee and Shorewood pay 1.79%, 1.69% and 1.87% respectively.
  • Milwaukee, WI’s insurance is 3.8% of monthly housing costs of $1,386/month, for owners with a mortgage compared to 3.17% in Wauwatosa, 3.71% at West Milwaukee & 2.7% in Shorewood. But, for households without a mortgage, insurance is 9.6% of costs ($553 in Milwaukee, WI) in contrast with 8.33% in Wauwatosa, 9.35% at West Milwaukee & 6.27% in Shorewood.

Milwaukee, WI Home Values & Insurance rates

For example, insurance for 2,741 Homes (2.0% of total homes ) valued between $50,000 to $59,999 in Milwaukee, WI is about $247. Rates in nearby areas in such as Lannon, Saukville, Yorkville are cheaper by $41, $76, $93 respectively while Racine and Theresa are costlier by $11 and $40 respectively for similar homes.

Milwaukee, WI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 5,293 5.0% $114
$50,000 to $59,999 2,741 2.0% $247
$60,000 to $69,999 3,459 3.0% $304
$70,000 to $79,999 4,816 4.0% $348
$80,000 to $89,999 6,405 6.0% $399
$90,000 to $99,999 6,277 6.0% $443
$100,000 to $124,999 16,181 16.0% $513
$125,000 to $149,999 15,744 15.0% $646
$150,000 to $174,999 16,860 16.0% $760
$175,000 to $199,999 8,807 8.0% $881
$200,000 to $249,999 7,931 7.0% $1058
$250,000 to $299,999 3,633 3.0% $1293
$300,000 to $399,999 1,904 1.0% $1648

Renters Insurance in Milwaukee

  • Average Renters Insurance in Milwaukee :  $157($13/month)

  • Median Gross Rent in Milwaukee :  $768

  • Milwaukee Renters Insurance to Median Rent Ratio:  1.69%

  • Average household size of renter-occupied unit :  2.44

Milwaukee Renters Insurance as a Percentage of Rent

Milwaukee Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,667 1.0% $339
$200 to $299 4,124 3.0% $789
$300 to $499 9,656 7.0% $1239
$500 to $749 43,200 34.0% $1914
$750 to $999 39,898 32.0% $2664
$1,000 to $1,499 22,097 17.0% $3789
$1,500 or more 3,859 3.0% $5439

Rent Affordability in Milwaukee:

Approximately 52.0% (66,679) of households are spending more than 35% of their income on gross rent in Milwaukee

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 11,652 9.0%
15.0 to 19.9 percent 13,057 10.0%
20.0 to 24.9 percent 13,171 10.0%
25.0 to 29.9 percent 13,169 10.0%
30.0 to 34.9 percent 9,603 7.0%
35.0 percent or more 66,679 52.0%

Milwaukee Renters Insurance Discounts:

Milwaukee Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Milwaukee, WI Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 64,771 50.0% $15.7
2 vehicles available 22,953 18.0% $23.55
3 or more vehicles available 4,626 3.0% $31.4

Milwaukee Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 8,455 6.0% $76
60 to 64 years 5,802 4.0% $61
65 to 74 years 5,924 4.0% $49
75 years and over 5,893 4.0% $38

Protective device discount in Milwaukee Up to :  $23

Claims-free discount in Milwaukee Up to :  $31

Milwaukee, WI Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
53218 $99,200 $630
53204 $88,800 $620
53205 $78,800 $620
53206 $75,000 $610
53233 $73,300 $610
53217 $298,000 $710
53203 $293,000 $720
53202 $230,300 $680
53220 $167,500 $650
53227 $165,500 $660
53224 $161,600 $660
53221 $160,100 $650
53235 $158,800 $660
53222 $155,700 $650
53219 $154,100 $650
53208 $146,600 $640
53223 $144,600 $650
53225 $143,200 $650
53212 $131,000 $630
53210 $125,200 $630
53209 $115,800 $630
53216 $113,900 $630