Milwaukee ,WI Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Milwaukee, WI homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Milwaukee, WI is $1112. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Milwaukee, WI. VHome Insurance will help you navigate the world of homeowners insurance coverages in Milwaukee, WI.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $445 |
| $200,000 | $756 |
| $300,000 | $934 |
| $400,000 | $1,423 |
| $500,000 | $1,790 |
Home insurance costs in Milwaukee can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 053218 | $1,029 |
| 53204 | $1,022 |
| 53205 | $1,032 |
| 53206 | $1,008 |
| 53233 | $1,028 |
| 53217 | $1,178 |
| 53203 | $1,208 |
| 53202 | $1,121 |
| 53220 | $1,072 |
| 53227 | $1,071 |
| 53224 | $1,063 |
| 53221 | $1,067 |
| 53235 | $1,072 |
| 53222 | $1,067 |
| 53219 | $1,064 |
| 53208 | $1,064 |
| 53223 | $1,062 |
| 53225 | $1,055 |
| 53212 | $1,067 |
| 53210 | $1,044 |
| 53209 | $1,040 |
| 53216 | $1,033 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Milwaukee, WI, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,140 |
| $1000 Deductible | $1,020 |
| $1500 Deductible | $962 |
| $2500 Deductible | $867 |
| $5000 Deductible | $734 |
| Home Insurance Company Near Milwaukee, WI | Homeowners Insurance Agency Near Milwaukee, WI | Address |
|---|---|---|
| Travelers | Clavette Insurance Agency Inc | 11000 W JANESVILLE RD, HALES CORNERS, WI, 53130 |
| Erie | Dominguez Insurance Agency | 2016 W Howard Avenue, Milwaukee, WI, 53221 |
| Allstate | Ivan Eddy | 708 W Rollins Rd, Round Lake Beach, IL, 60073 |
| State Farm | John Kurhajec | 1125 Main Street, Union Grove, WI, 53182-1302 |
| Travelers | Long Insurance Management | 6830 W VILLARD AVE STE 170, MILWAUKEE, WI, 53218 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Wauwatosa city, Wisconsin | $101 | $134 | $201 |
| West Milwaukee village, Wisconsin | $95 | $126 | $189 |
| Shorewood village, Wisconsin | $105 | $140 | $210 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Milwaukee, WI | 3.8% | 9.6% |
| Wauwatosa | 3.17% | 8.33% |
| West Milwaukee | 3.71% | 9.35% |
| Shorewood | 2.7% | 6.27% |
| 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 |
| Streets in Milwaukee Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Milwaukee | $94 to $97 |
| Wauwatosa | $100 |
| West Milwaukee | $94 |
| Shorewood | $105 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,900 | $2,900 |
| Yearly Milwaukee Homeowner Insurance Premium Example | $600 | $400 |
| Out of Pocket Expense During Claim | $1,900 | $2,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $6,700 | $6,100 |
| Net Savings to Milwaukee Home Owner from High Deductible Plan | $600 | |
| Scenario | Milwaukee, WI Home Replacement Value MORE than Home Value | Milwaukee, WI Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $399,000 | $221,000 |
| Insurance Premium based on Replacement Value | $1,550 | $850 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $86,000 | Risk Exposure from Under Insuring Coverage is $92,000 |
| Premium Impact | Insurance cheaper by $350/year | Insurance costlier by $350/year |
| Insurance Company | Erie Insurance | Nationwide Insurance | GEICO Insurance |
| Monthly Premium | 70 | 40 | 52 |
| Year Built | 1959 | 1966 | 1974 |
| Home Details | 4 Beds, 1 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $100000-$125000 | $200000-$250000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $2500-$5000 Deductible |