In Milwaukee, Wisconsin, Chubb is both the best and cheapest choice for home insurance overall. If customer service is your priority, Chubb also excels, while Allstate is the best choice for high-value homes. These companies cater to different needs. In general, you should select an insurance company based on your preferences. Factors like budget, coverage options and service quality influence the best policy for you.
Best and Cheapest Home Insurance in Milwaukee, WI (2024)
Updated: November 26, 2024
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Best HomeInsuranceMilwaukee, WITable of Contents
Best Overall - Chubb
Best for Service - Chubb
Best Cheap - Chubb
Cheapest Overall - Chubb
Cheapest for High-Value Homes - Allstate
Cheapest for New Homes - Foremost
Why Trust MoneyGeek? We used data from the Wisconsin Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Milwaukee, backed by industry data and standards.
Home insurance rates in Milwaukee indicate the most competitive quotations as of September 2024.
1,036,800Quotes Analyzed
8Companies Compared
Overview: Best Home Insurance Companies in Milwaukee, WI
MoneyGeek found that Chubb is the best option in Milwaukee, Wisconsin, for home insurance at the 100K dwelling coverage level, scoring 99 out of 100. The scores for home insurance companies in Milwaukee, Wisconsin, range from 61 to 99. This score reflects MoneyGeek's system, where insurers might get different scores based on factors like your credit history and the age of your home.
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Category:Best Overall
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Coverages:1 - $100K Dwelling
| Chubb | 99 | $489 |
| State Farm | 78 | $776 |
| Nationwide | 78 | $736 |
| Foremost Insurance | 75 | $519 |
| American Family | 74 | $907 |
| Auto-Owners Insurance | 61 | $1,350 |
| Allstate | 61 | $925 |
Overall Best Home Insurance in Milwaukee, WI
MoneyGeek found that Chubb is the best option in Milwaukee, Wisconsin, for $100K dwelling coverage. The two best overall home insurance companies in Milwaukee for $100K dwelling coverage are:
- Chubb: MoneyGeek score of 99 out of 100 ($489 per year)
- State Farm: MoneyGeek score of 78 out of 100 ($776 per year)
Chubb stands out as the best home insurance provider due to its affordability and high customer satisfaction, significantly contributing to its MoneyGeek score. In Milwaukee, Wisconsin, there are a variety of companies with different cost and service experiences, and although cost is an important factor, you should also consider customer satisfaction and claims process efficiency for when you need to make claims.
Best OverallChubb
MoneyGeek Score:
99/ of 100
Overview
Chubb is the best overall company with high affordability and satisfaction scores. It offers comprehensive home insurance coverage, including guaranteed replacement cost and building ordinance or law. Chubb also provides discounts for protective devices and new homes, helping policyholders save money. For example, you can get a discount if your home is less than 10 years old.
Chubb offers valuable coverages like guaranteed replacement cost, which pays to rebuild your home even if costs exceed your policy limit. Building ordinance or law coverage helps bring your home up to current codes after a loss. The cash settlement option allows you to receive a payout if you choose not to rebuild. These coverages provide essential protection for homeowners.
Best Home Insurance for Customer Service in Milwaukee, WI
MoneyGeek found that Chubb is the best option for home insurance in Milwaukee, Wisconsin, with a MoneyGeek score of 96 out of 100 for $100K dwelling coverage.
- Chubb: MoneyGeek score of 96 out of 100 ($489 per year)
- Auto-Owners: MoneyGeek score of 95 out of 100 ($1,350 per year)
Chubb wins due to high customer satisfaction and excellent coverage options. These factors boost its MoneyGeek score and show why it stands out. Choosing Chubb means great service and cost-effective premiums for you. Excellent service in home insurance includes prompt responses and comprehensive coverage options tailored to customer needs.
Best for Service QualityChubb
MoneyGeek Score:
96/ of 100
Overview
Chubb is known for its high customer satisfaction, contributing to its top MoneyGeek score. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law. You can save with discounts like new home and home renovation. For example, you get a discount if your home is 10 years old or less.
Chubb's guaranteed replacement cost helps rebuild your home even if costs exceed your policy limit. Building ordinance or law covers bringing your home up to code after a loss. Cash settlement offers a payout if you choose not to rebuild. These coverages provide great value for homeowners.
Best Cheap Home Insurance in Milwaukee, WI
MoneyGeek found that Chubb is the best cheap home insurance option in Milwaukee, Wisconsin, for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
- Chubb: MoneyGeek score of 99 out of 100 ($489 per year)
- Foremost Insurance: MoneyGeek score of 85 out of 100 ($519 per year)
When it comes to the average cost of homeowners insurance in Wisconsin, Chubb stands out due to its high affordability score and excellent overall coverage.
Choosing cheap home insurance can save money, but it may not cover costs if a major accident happens. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial. The best cheap insurance is different because it balances cost with service and coverage.
Best CheapChubb
MoneyGeek Score:
99/ of 100
Overview
Chubb is the best cheap company with a high MoneyGeek score due to its affordability and coverage. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law coverages. You can save with discounts like new home, which applies if your home is seven or 10 years old or less.
Chubb's coverages include guaranteed replacement cost, which helps rebuild your home even if costs exceed your policy limit. Building ordinance or law coverage pays to bring damaged areas up to code. These coverages are valuable for protecting your home.
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Rates updated:
Dec 23, 2024
Many factors, including location, affect homeowners insurance in Milwaukee. To save money, compare rates, though this may take more than an hour for three or more companies, with each taking up to 15 minutes. Use MoneyGeek's home insurance calculator to save time. Enter age, dwelling coverage, credit score, deductible, liability coverage, and more for a quick estimate.
Cheapest Home Insurance in Milwaukee, WI
Chubb is the most affordable option for home insurance in Milwaukee, Wisconsin. The key element in determining your insurance premium is the dwelling coverage you choose.
- For 100K Dwelling Coverage: Chubb: $489 per year
- For 250K Dwelling Coverage: Foremost Insurance: $1,142 per year
- For 500K Dwelling Coverage: Allstate: $1,865 per year
Chubb stands out for its affordability at $489 annually, paired with a high score of 99 in Milwaukee, Wisconsin. Foremost Insurance offers competitive rates for $250K coverage, with a score of 87. Allstate provides the best price for $500K coverage but does not lead in the score category.
Opting for the cheapest homeowners insurance in Wisconsin can aid in managing your household budget effectively.
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Coverages:$100K Dwelling
| Chubb | $489 |
| Foremost Insurance | $519 |
| Nationwide | $736 |
| State Farm | $776 |
| American Family | $907 |
| Allstate | $925 |
| Auto-Owners Insurance | $1,350 |
Cheapest Home Insurance for High-Value Homes in Milwaukee, WI
According to MoneyGeek, Allstate offers the cheapest annual premium for high-value homes in Milwaukee, Wisconsin. High dwelling coverage is required for homes that cost more to replace, and home insurance costs increase with home value.
- Cheapest for $750K Dwelling Coverage: Allstate: $2,625 per year
- Cheapest for $1M Dwelling Coverage: Allstate: $3,442 per year
Allstate stands out as the most affordable homeowners insurance in Milwaukee due to its competitive pricing. According to MoneyGeek, while it offers the lowest costs, its overall MoneyGeek score indicates it's both cheap and a quality option in the city.
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Coverages:1 - 750K dwelling
| Allstate | $2,625 |
| Chubb | $3,255 |
| State Farm | $3,279 |
| Foremost Insurance | $3,290 |
| American Family | $3,318 |
| Auto-Owners Insurance | $3,994 |
| Nationwide | $4,728 |
Cheapest Home Insurance for New Homes in Milwaukee, WI
Foremost Insurance offers the cheapest home insurance for new homes in Milwaukee, Wisconsin.
- Cheapest for $100K Dwelling Coverage: Foremost Insurance: $311 per year
- Cheapest for $250K Dwelling Coverage: Nationwide: $671 per year
- Cheapest for $500K Dwelling Coverage: Allstate: $960 per year
Foremost Insurance is the most affordable option in Milwaukee with a premium of just $311 annually. Although it’s the cheapest, it might not be the best according to MoneyGeek's evaluations.
Data filtered by:Results filtered by:
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Coverages:1 - $100K Dwelling
| Foremost Insurance | $311 |
| Chubb | $359 |
| State Farm | $470 |
| Nationwide | $485 |
| Allstate | $548 |
| American Family | $614 |
| Auto-Owners Insurance | $1,074 |
How to Find the Best Home Insurance for You in Milwaukee, WI
The best affordable homeowners insurance providers offer great customer service and coverage with low premiums. In Milwaukee, the best cheap homeowners insurance depends on your specific needs. Consider factors like coverage limits, deductible options and customer service quality. Follow these steps to get the best cheap home insurance:
- 1
Evaluate Your Insurance Needs
To determine how much home insurance coverage you need, consider factors specific to your home in Milwaukee, Wisconsin. Assess rebuilding costs, the value of your belongings, and your liability protection.
- 2
Compare Different Providers
Research insurance companies serving Milwaukee, Wisconsin. Focus on those with strong financial stability, positive customer reviews, and a history of quality service.
- 3
Compare Coverage and Costs
After identifying your coverage needs, compare home insurance quotes. In Milwaukee, Wisconsin, premiums for $100K dwelling coverage range from $489 to $925 annually.
- 4
Ask About Discounts
Inquire with each provider about discounts you might qualify for, such as those for bundling policies, installing safety features, or maintaining a claims-free record.
- 5
Increase Your Deductible
Opting for a higher home insurance deductible can reduce your premium, but ensure it is an amount you can comfortably pay if needed.
- 6
Improve Home Security
Enhancing your home's security with systems and sturdy locks can lower its risk profile, potentially decreasing insurance costs.
- 7
Maintain Good Credit
Keep a solid credit score, as it can influence your insurance rates in Milwaukee, Wisconsin. Pay your bills on time and minimize outstanding debt.
- 8
Bundle Policies
Consider combining your homeowners insurance with other policies like auto insurance. This strategy can result in substantial discounts and savings.
FAQ: Best Cheap Home Insurance in Milwaukee, WI
Choosing the best cheap home insurance provider in Milwaukee depends on your coverage needs and budget. Get answers to common questions about insurance rates in Milwaukee, Wisconsin, to make an informed decision. Understanding these factors helps you find a provider that fits your financial situation and coverage requirements.
Stay informed and choose wisely!
How much is home insurance in Milwaukee, Wisconsin, on average?
The average home insurance cost in Milwaukee, Wisconsin, is $663 annually.
What is the cheapest home insurance company in Milwaukee, Wisconsin?
The cheapest home insurance company in Milwaukee, Wisconsin, is Chubb with an annual premium of $489.
What is the best home insurance company in Milwaukee, Wisconsin?
The best home insurance in Wisconsin for Milwaukee residents is provided by Chubb, with a MoneyGeek score of 99 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.