Average homeowners insurance cost in Milwaukee, Wisconsin

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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). 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:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Milwaukee, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Milwaukee.

Key Takeaways

The average cost of homeowners insurance in Milwaukee is $1,711 per year.
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 just have to pay $397 more a year for home insurance.

Average homeowners insurance cost in Milwaukee per month

Residents of Milwaukee pay an average of $143 a month for homeowners insurance. It’s $6 more than the state average of $137 and $72 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Milwaukee may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Milwaukee, WI, homeowners pay an average of $1,314 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

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’ll 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, its features, and the cost of living in your area.

Average homeowners insurance cost in Milwaukee by company

Among the carriers we analyzed, Allstate is the most affordable homeowners insurance company in Milwaukee. Its average annual rate for homeowners in Milwaukee is $1,166 , while West Bend Mutual ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Milwaukee and compiled a list of the most affordable home insurance companies.

Below are details of Milwaukee home insurance companies 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

*USAA is only available to military community members and their families.

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Wisconsin that can impact your home insurance

Living in Wisconsin comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Wisconsin is commonly affected by Cold wave.

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

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

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.