Average homeowners insurance cost in Milwaukee, WI

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In Milwaukee, homeowners pay an average annual rate of $1,711 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $871 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Milwaukee depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Milwaukee, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Milwaukee.

Key takeaways

The cost of your homeowners insurance policy in Milwaukee can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Milwaukee with an average annual premium of $1,166.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $397 more, annually for home insurance.

Average homeowners insurance cost in Milwaukee per month

According to Insure.com’s rate analysis, residents of Milwaukee pay an average of $143 per month for homeowners insurance. This is $6 more than the state average of $137 and $72 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Milwaukee can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Milwaukee

The average cost of homeowners insurance in Milwaukee, WI is $1,314 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Milwaukee

According to a rate analysis by Insure.com, homeowners in Milwaukee pay an average of $1,711 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $397 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Milwaukee by company

After evaluating several carriers, Allstate is the least expensive homeowners insurance provider in Milwaukee. It’s average annual rate for homeowners in Milwaukee is $1,166.

West Bend Mutual holds the second position, while State Farm secures the third spot with an average annual home insurance rate of $1,449.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Milwaukee and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Milwaukee and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,166
West Bend Mutual	$1,236
State Farm	$1,449
Secura Insurance	$1,499
Farmers	$1,855
Acuity A Mutual Ins Co	$1,858
Auto-Owners	$2,352
Nationwide	$1,675
American Family	$2,502
USAA*	$1,627

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Milwaukee for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.