The average cost of homeowners insurance in Milwaukee is $1,235 per year or $103 a month. This is around 7% higher than the Wisconsin state average, but 30% lower than the national average of $1,754 per year.
However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Milwaukee.
Compare the best cheap homeowners insurance companies in Milwaukee
Of the companies we looked at, Allstate has the lowest home insurance rate, with an average annual policy cost of only $927 per year. That's $308 less than the state average. American Family and Auto-Owners Insurance are other great options for Milwaukee residents due to their low rates and high customer and claim satisfaction ratings with J.D. Power.
To find the best cheap homeowners insurance in Milwaukee, Policygenius rated over a dozen of the largest insurance companies in Wisconsin across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$131 | 5.0 out of 5 | ||
$121 | 4.8 out of 5 | ||
$97 | 4.5 out of 5 | ||
$96 | 4.5 out of 5 | ||
$88 | 4.4 out of 5 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
2024 Policygenius award winner
Auto-Owners Insurance
5.0
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Why we chose it
Auto-Owners Insurance is the best homeowners insurance company in Milwaukee thanks to wide range of coverage options, its high marks for financial strength, and its customer experience ratings.
Pros and cons
Pros
Offers additional coverage options
Lots of discounts
Cons
Not able to get quotes or file claims online
More details
Why we chose Auto-Owners Insurance
Auto-Owners Insurance is our pick for the best overall home insurance company in Milwaukee. The company has received above-average ratings on J.D. Power's Home Insurance Study, and it gets fewer complaints than average according to the National Association of Insurance Commissioners.
With endorsements like guaranteed replacement cost coverage, water backup protection, inland flood coverage, and a comprehensive Homeowners Plus endorsement package, Auto-Owners offers many ways to customize your policy.
How do Auto-Owners Insurance rates compare to the Milwaukee average?
The average cost of Auto-Owners home insurance in Milwaukee is $1,572 per year, which is 27% more expensive than the citywide average.
How to get a quote
To get a homeowners insurance quote, you’ll have to call a local Auto-Owners Insurance agent.
2024 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Milwaukee thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers
Higher rates than average
More details
Why we chose State Farm
State Farm is one of the best home insurance companies in Milwaukee, especially if you want to add coverage to a basic policy. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
How do State Farm home insurance rates compare to the Milwaukee average?
The average cost of home insurance from State Farm in Milwaukee is $1,452 per year, which is 18% more expensive than the citywide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2024 Policygenius award winner
American Family
4.6
Offers extended replacement cost
Offers flood insurance
Bundle home & auto
Why we chose it
American Family is one of the best home insurance companies in Milwaukee, especially for people who want to add coverage to a basic policy. AmFam also has high customer service ratings and several discounts.
Pros and cons
Pros
Several one-of-its-kind coverage endorsements and policy perks
High customer satisfaction and digital shopping satisfaction scores with J.D. Power
Offers nearly one dozen discounts
Cons
Requires you to work with an agent to purchase a policy
More details
Why we chose American Family
American Family is one of the top home insurance companies in Milwaukee. You can customize your American Family policy with up to 15 additional coverage options — including inland flood, equipment breakdown, and service line coverage.
AmFam also offers many discounts, including paying your premiums all at once, opting for paperless billing, and signing up for automatic payments, which can lower it's already affordable premiums even more.
How do American Family home insurance rates compare to the Milwaukee average?
The average annual cost of American Family home insurance in Milwaukee is $1,167 per year, which is 6% cheaper than the citywide average.
How to get a quote
Online with American Family or by contacting a local agent
2024 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is one of the best home insurance companies in Milwaukee for those who want to add coverage to their policies. Farmers also has a range of discounts, slightly cheaper-than-average rates, and high claims satisfaction scores.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders and has a high claims satisfaction score
Rates are cheaper than average
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
More details
Why we chose Farmers
Farmers is one of the best home insurance companies in Milwaukee, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
How do Farmers home insurance rates compare to the average in Milwaukee?
The average cost of Farmers home insurance in Milwaukee is $1,154 per year, which is 7% cheaper than the city's average annual premium.
How to get a quote
Online through Farmers
2024 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the best and cheapest home insurance companies in Milwaukee. Besides having lower-than-average rates, Allstate also offers a few add-ons that can make a basic policy stronger.
Pros and cons
Pros
Much cheaper rates than average in Wisconsin
Offers water backup protection, other endorsements
Offers short-term rental insurance
Cons
Beginning to pull back coverage in high-risk areas
Customer experience scores with J.D. Power are below the segment average
More details
Why we chose Allstate
Allstate is one of the best and cheapest home insurance companies in Milwaukee. In addition to its low rates, Allstate offers a few home insurance coverages that you can add to your policy. These include water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Milwaukee average?
The annual average cost of Allstate home insurance in Milwaukee is $927 per year, which is 25% cheaper than the citywide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
How much is homeowners insurance in Milwaukee?
The average cost of home insurance in Milwaukee is $1,235 per year, or $103 a month, for a policy with $300,000 in dwelling coverage. This is around 7% higher than the average annual cost of $1,150 for homeowners insurance in Wisconsin, and about 30% lower than the national average.
Milwaukee home insurance rates by ZIP code
Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Milwaukee neighborhoods may be more prone to extreme weather damage or property crime than others.
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Milwaukee.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
53215 | $1,233 | 7% |
53209 | $1,203 | 5% |
53218 | $1,273 | 11% |
53221 | $1,168 | 2% |
53204 | $1,299 | 13% |
53207 | $1,180 | 3% |
53211 | $1,205 | 5% |
53219 | $1,144 | -1% |
53216 | $1,277 | 11% |
53223 | $1,203 | 5% |
Cheapest ZIP codes for home insurance in Milwaukee
With an average home insurance rate of $1,144 per year, the 53219 ZIP code is the most affordable area for home insurance in Milwaukee.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
53219 | $1,144 | -1% |
53221 | $1,168 | 2% |
53207 | $1,180 | 3% |
53222 | $1,189 | 3% |
53209 | $1,203 | 5% |
53223 | $1,203 | 5% |
53211 | $1,205 | 5% |
53224 | $1,213 | 5% |
53225 | $1,221 | 6% |
53215 | $1,233 | 7% |
Most expensive areas for homeowners insurance in Milwaukee
With an average annual premium of $1,299, the 53204 ZIP code is the most expensive ZIP code in Milwaukee for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
53204 | $1,299 | 13% |
53205 | $1,294 | 13% |
53206 | $1,288 | 12% |
53216 | $1,277 | 11% |
53218 | $1,273 | 11% |
53208 | $1,271 | 11% |
53210 | $1,266 | 10% |
53212 | $1,259 | 9% |
53233 | $1,258 | 9% |
53203 | $1,254 | 9% |
Learn more >> Home insurance rates by ZIP code
Milwaukee home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
Here are the average rates for homeowners insurance based on coverage amount.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $602 |
$200,000 | $902 |
$300,000 | $1,235 |
$400,000 | $1,566 |
$500,000 | $1,860 |
Milwaukee home insurance costs by deductible amount
Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.
Here are the average rates for homeowners coverage by deductible amount.
Deductible | Average annual cost |
|---|---|
$500 | $1,655 |
$1,000 | $1,214 |
$2,000 | $1,336 |
Cheapest homeowners insurance companies in Milwaukee
Based on our analysis, Allstate, West Bend Mutual Insurance, and Rural Mutual Insurance are the three cheapest home insurance companies in Milwaukee, with average premiums citywide ranging from $927 to $1,008 per year.
Company | Average annual cost |
|---|---|
$927 | |
West Bend Mutual Insurance | $947 |
Rural Mutual Insurance | $1,008 |
Wisconsin Mutual Insurance | $1,119 |
Secura Insurance Companies | $1,141 |
$1,154 | |
$1,167 | |
$1,202 | |
Hastings Mutual Insurance | $1,313 |
$1,349 | |
Badger Mutual Insurance | $1,429 |
$1,452 | |
$1,510 | |
$1,572 |
Cheapest home insurance in Milwaukee if you have poor credit
A bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.
Here are the average rates for homeowners insurance for Milwaukee residents with poor credit.
Company | Average annual cost |
|---|---|
Wisconsin Mutual Insurance | $1,119 |
Rural Mutual Insurance | $1,319 |
Badger Mutual Insurance | $1,429 |
Secura Insurance Companies | $1,459 |
Allstate | $1,475 |
West Bend Mutual Insurance | $1,531 |
Acuity | $1,900 |
Hastings Mutual Insurance | $1,900 |
USAA | $1,911 |
American Family | $1,971 |
State Farm | $2,491 |
Farmers | $2,502 |
AAA | $2,577 |
Auto-Owners Insurance | $3,181 |
Cheapest home insurance in Milwaukee if you have an older home
Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.
Here are the average homeowners insurance rates for Milwaukee residents with older homes.
Company | Average annual cost |
|---|---|
Allstate | $891 |
Rural Mutual Insurance | $1,008 |
West Bend Mutual Insurance | $1,043 |
Wisconsin Mutual Insurance | $1,119 |
Farmers | $1,151 |
Secura Insurance Companies | $1,154 |
USAA | $1,191 |
American Family | $1,197 |
Acuity | $1,268 |
Hastings Mutual Insurance | $1,313 |
Badger Mutual Insurance | $1,429 |
Auto-Owners Insurance | $1,440 |
State Farm | $1,452 |
AAA | $1,795 |
Cheapest homeowners insurance in Milwaukee if you have a history of claims
Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.
Here's the cheapest home insurance companies in Milwaukee for a homeowner with three claims within a five-year period on their record.
Company | Average annual cost |
|---|---|
Wisconsin Mutual Insurance | $1,119 |
Rural Mutual Insurance | $1,301 |
West Bend Mutual Insurance | $1,420 |
Badger Mutual Insurance | $1,429 |
Auto-Owners Insurance | $1,490 |
Farmers | $1,581 |
Allstate | $1,630 |
State Farm | $1,657 |
Secura Insurance Companies | $1,681 |
USAA | $1,698 |
Acuity | $1,974 |
American Family | $2,307 |
Hastings Mutual Insurance | $2,575 |
AAA | $4,521 |
How to get homeowners insurance quotes in Milwaukee
Homeowners in Milwaukee are aware of the risk of damage from the wet, rainy, and snowy weather in the state. That's why it's so important for all homeowners to find the right coverage at the right price.
Here are a few steps to follow as you shop for homeowners insurance in Milwaukee, Wisconsin:
Frequently asked questions
What is the average cost of homeowners insurance in Milwaukee?
The average cost of homeowners insurance in Milwaukee, Wisconsin is $109 per month, or $1,302 per year.
Is home insurance required in Wisconsin?
There are no state or local laws that require homeowners to carry home insurance, but that doesn't mean it's not technically required. Most mortgage lenders require you to purchase home insurance before they’ll offer you a home loan. This is because they have a financial investment in the property until you pay off your mortgage, so they want to ensure it’s fully protected.
What is hazard insurance and is it the same as home insurance?
Hazard insurance is the part of your home insurance policy that protects the home from physical damage and disasters.
Does home insurance cover personal property or belongings?
Yes, your home insurance coverage extends to your belongings, including appliances, clothes, and furniture.
