Average Cost of Homeowners Insurance in Wisconsin (2024)

The average cost of homeowners insurance in Wisconsin in 2024 is $1,172. This figure is notably less than the national average of $2,423.

Aside from the coverage amount, credit rating plays a crucial role in determining premiums, with the gap between the lowest and highest premium averaging $1,849. If your rates have recently increased, our analysis of the cheapest plans in the state could guide you to more affordable options. Keep in mind that the insurance provider you choose can also affect your premium costs.

Wisconsin's annual premium for homeowners insurance with $250K Dwelling / $125K Personal Property / $200K Liability coverage is $1,172. This amount is less than the national average of $2,423.

Selecting the right amount of home insurance coverage is essential for adequate protection. It should reflect the cost of rebuilding your home and cover personal property totally lost. For instance, Wisconsin's policy offering $100K in dwelling coverage costs $678 annually. For a home requiring $500K in dwelling coverage, the annual premium rises to $2,013.

Even for similar coverage levels, Wisconsin homeowners insurance premiums can vary among providers. For instance, a policy from Chubb might cost less than the state average, while Foremost Insurance may offer a policy at a higher price point.

Wisconsin has plenty of top-notch providers. Yet differences in underwriting can lead to a range of premium costs, so it's wise to compare options.

In Wisconsin, homeowners with poor credit face an average cost of $2,777 for coverage, $1,605 more than the overall state average. Meanwhile, those with excellent credit pay an average annual premium of $928, $244 less than the overall average.

While you may not be able to improve your credit score immediately, you can improve it over time to lower your rates. In the meantime, you can compare insurers to see which will give you the most savings. In less than 15 minutes, you can find the most affordable insurers in Wisconsin for your unique needs.

Roofing type can influence homeowners insurance premiums. Roofing materials, such as asphalt shingles, impact a home's durability and risk profile. In Wisconsin, homes with generally more resilient tile roofs may see slightly lower insurance costs than shake-treated roofs, which hare more susceptible to weather-related damage.

Construction type also plays a role in determining insurance rates. Materials that make a home more resistant to certain perils, like fire, can positively affect premiums. For instance, Wisconsin homes built with superior construction materials tend to have lower insurance costs than standard frame construction, which is less damage-resistant.

Check the tables below to see how your home's materials could affect your insurance premiums.

In Wisconsin, insuring a newly constructed home typically costs less than an existing home due to modern materials and adherence to current building codes. The average annual premium for a new home is $740, showing a $432 decrease from the state's average for older homes. The table below displays how premiums vary between new and existing homes.

In Wisconsin, homeowners with no claims in the past five years pay an average annual insurance premium of $1,172. However, those with one claim within the last five years see an increase in their annual premium to $1,402. If there are two claims in that period, the average yearly premium jumps to $1,551.

For the cities we analyzed, we found premiums ranging from $1,093 to $1,263. In Green Bay, homeowners pay an average of $1,093 annually, while Madison residents see an average of $1,123. Milwaukee's average premium is higher at $1,263.

Location affects insurance costs due to varying risks like weather patterns and crime rates. City-based premiums reflect local factors, but other aspects, such as coverage amounts and credit ratings, can also influence costs.

Getting a good deal on homeowners insurance in Wisconsin is within reach. By taking an intelligent approach to shopping, you can find a plan that fits your needs and budget. Remember, it's not just about the lowest price but the right coverage for your home. Here's how to find the best deal for you.

Homeowners can save money by bundling home and auto insurance policies in Wisconsin. On average, a multi-policy bundle allows you to save around 12%, between $145 and $476 annually.

Wisconsin homeowners can capitalize on various insurance discounts to manage costs.

• Impact-resistant roofing: Installing shingles that resist hail and wind can reduce premiums.
• Home safety devices: Smoke detectors, burglar alarms and deadbolts may offer savings.
• Loss-free history: A track record without insurance claims can lead to lower rates.

Remember, to unlock the full spectrum of discounts, inquire during the quote process.

When navigating the ins and outs of homeowners insurance in Wisconsin, having the right resources at your fingertips can make all the difference. Whether you're a new homeowner or looking to update your existing policy, these links offer valuable information to guide you through the process:

• Wisconsin Office of the Commissioner of Insurance: Official state resource for insurance regulations.
• Affordable Home Insurance in Wisconsin: Find cost-effective options for your home.
• Wisconsin Homeowners Insurance Calculator: Estimate your potential insurance costs.
• High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
• Top Home Insurance Options in Wisconsin: Compare the best insurance providers.
• Personal Property Coverage Essentials: Guide to personal property insurance needs.
• Report Insurance Fraud: Online system for reporting insurance fraud.