Best and Cheapest Renters Insurance in Wisconsin (2024)

AAA offers Wisconsin's best and cheapest renters insurance, with a MoneyGeek score of 87 out of 100 and an average annual premium of $48 for $20K in personal property coverage with a $1,000 deductible.

However, the best choice for you depends on your needs. For example, Nationwide excels in customer service, and State Farm is the most suitable for those with poor credit.

The best renters insurance providers in Wisconsin for a policy with $20K in personal property coverage are:

• AAA: MoneyGeek score of 87 out of 100 ($48 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($85 per year)

AAA offers a good balance of customer satisfaction and affordability. However, the best provider for you depends on your needs.

AAA offers the cheapest renters insurance in Wisconsin, with an average annual premium of $48 for $20K in personal property coverage and a $1,000 deductible.

• AAA: $48 per year
• West Bend: $60 per year

Personal property coverage helps replace or repair your belongings if damaged, lost or stolen. Cheap renters insurance policies often have lower coverage limits. Higher coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

AAA offers Wisconsin's best and cheapest renters insurance for a policy with $20K in personal property coverage and a $2,000 deductible. Here are the top options for higher deductible policies:

• AAA: $38 per year
• West Bend: $55 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. While a higher deductible can lower your premium, choosing an amount you can afford is crucial if you need to file a claim.

Nationwide is the best renters insurance company for service quality in Wisconsin, with an average annual premium of $118 for $20K in personal property coverage.

• Nationwide: MoneyGeek score of 90 out of 100 ($118 per year)
• American Family: MoneyGeek score of 83 out of 100 ($113 per year)

Great customer service in renters insurance means prompt, empathetic assistance, especially during stressful situations. It ensures your concerns are addressed quickly and effectively. For example, when making a claim, excellent customer service provides clear guidance and timely updates throughout the process.

For $100K in personal property coverage, the top renters insurance providers in Wisconsin are:

• State Farm: MoneyGeek score of 89 out of 100 ($163 per year)
• AAA: MoneyGeek score of 87 out of 100 ($144 per year)

Renters with more belongings need higher personal property coverage to replace items like furniture, electronics and clothes if damaged or stolen. While higher coverage often costs more, finding a provider that balances cost and good service ensures your valuables are well-covered without overspending.

For renters with military backgrounds in Wisconsin, the top providers for a policy with $20K in personal property coverage are:

• AAA: MoneyGeek score of 87 out of 100 ($48 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($85 per year)

For military members, the best renters insurance provider effectively balances customer service and affordability to meet their unique needs.

State Farm is the best renters insurance company for those with poor credit in Wisconsin, with an average annual premium of $156.

• State Farm: MoneyGeek score of 83 out of 100 ($156 per year)
• West Bend: MoneyGeek score of 80 out of 100 ($116 per year)

Rates are higher for those with poor credit because they pose a greater risk to insurers and are more likely to file claims. Improving your credit and using available discounts can help reduce costs.

The average cost of renters insurance in Wisconsin is $87 per year ($7 per month), much lower than the national average of $146. These rates are based on a policy with $20K in personal property coverage, $100K in liability limits and a $1,000 deductible.

Renters insurance costs can vary depending on your chosen coverage. Personal property coverage protects your belongings from theft, fire and other risks. Use the tool below to get an estimate based on your needs.

Renters insurance costs vary by city. The average annual premium in Green Bay is $81, while in Milwaukee, it's $101. These rates are based on a policy with $20K in personal property coverage, $100K in liability coverage, a $1,000 deductible and a good credit score. Check the table below for the average cost in your city.

Understanding the factors that affect the cost of renters insurance in Wisconsin can help you find a policy that fits your budget and needs.

• Location: Crime rates and weather risks in your area can affect your premium.
• Coverage amount: Higher coverage limits increase your insurance costs.
• Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
• Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
• Credit score: A better credit record can result in lower premiums.

To determine your personal property coverage, follow these steps to create a detailed inventory of your belongings:

1. Gather supplies: Get a notebook, pen and a camera or smartphone.
2. List items: Go through each room, listing each item and its estimated value.
3. Categorize: Group items into categories like electronics, furniture and clothing.
4. Document: Take photos or videos of each item and keep any available receipts.
5. Store securely: Save your inventory in a secure location, such as cloud storage or a fireproof safe.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas, such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal property coverage: This policy safeguards your possessions against covered perils, like theft, and helps you replace them.
• Personal liability coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of use coverage: Covers additional living expenses if your rental is uninhabitable due to a fire. For example, loss of use coverage can pay for temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

While renters insurance protects your personal property and liability, it doesn't cover all losses. Standard policies typically exclude:

• Natural disasters: Events like floods and earthquakes are usually not covered.
• High-value items: Expensive jewelry or electronics might exceed policy limits.
• Business equipment: Items used for business may require additional coverage.
• Roommate property: Your policy doesn’t cover your roommate’s belongings.
• Pest damage: Infestations and damage from pests are generally not covered.
• Car theft: Personal vehicles are covered by auto insurance, not renters insurance.

Understanding these exclusions can help you get additional coverage if needed, ensuring better financial protection against various risks.

Choosing the best renters insurance provider depends on your unique needs. We address common questions to help you find the right coverage.