Milwaukee, Wisconsin, is the fifth-largest city in the Midwest. With an estimated metropolitan population of over two million residents, there are many reasons to love living in Brew City. First, there’s a wide range of breweries, entertainment, and sports attractions. Then, there’s the fact that Milwaukee is consistently listed as one of the most affordable cities in the United States. There’s also Milwaukee’s central location. Traveling to other popular cities like Chicago, Madison, and Green Bay is easy. Finally, Milwaukee summers make the city come alive, with patio season and Summerfest, the world’s largest music festival. And winters are like living in a snow globe, with moderate snow and lingering winter days.
But beyond low living expenses and high quality of life is homeownership. Milwaukee crime can be higher in certain areas, meaning more vandalism and theft. And the varying weather can mount snow on homes, creating property damage over time. The best way to protect your home in Milwaukee, WI? Getting homeowners insurance.
Thankfully, Insurify makes homeownership a lot easier with affordable home insurance. See how easy comparing and saving can be now!
Overpaying for Milwaukee homeowners insurance?
How to Find Cheap Home Insurance in Milwaukee
In Milwaukee, Wisconsin, you can expect a competitive housing market and rising home prices. Real estate prices have gone up over 20 percent in the last year. So, if you’ve recently bought a home or are planning on buying, the process can look somewhat daunting. You may not know where to start when you first think about protecting your investment. But ease and comfort come from having the right home insurance in Milwaukee. So why not get a homeowners insurance policy from the best insurance company?
Homeowners insurance protects your property and personal belongings from natural disasters and theft. Plus, there are coverage options for everyone and additional coverage when you need it. That way, you can keep saving on home insurance in Milwaukee and keep your home safe at the same time. That’s what we call peace of mind.
MORE ON TEXAS HOME INSURANCE
For general information on Texas home insurance, check out our guide to the best homeowners insurance in Wisconsin. For more city-specific information, here are our guide to Madison homeowners insurance.
Cheapest Home Insurance in Milwaukee by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2021, the average home insurance premium in the Milwaukee area costs $1,358 annually, and the median home value is $140,187.
Milwaukee, Wisconsin, has low living expenses compared to similar-sized cities in the United States. Home prices are reasonably affordable, which makes it more likely the city’s residents will buy homes. Home insurance there is relatively inexpensive, too. But if you want to, there are even more ways to save on the best Milwaukee home insurance policy to meet your needs.
You can start by searching for the best rates from the best homeowners insurance companies. Insurance rates vary depending on things like your property’s type and its location. And home insurance companies price the same property differently, too. You will likely get a different quote from Allstate than you will with State Farm, and so on.
Get started by checking out the average cost of homeowners insurance in Milwaukee, WI, below.
| Average Home Cost in Milwaukee | Average Annual Insurance Premium in Milwaukee |
| $140,187 | $1,358 |
Cheapest ZIP Codes in Milwaukee for Home Insurance
Pricing in Milwaukee varies. That means you shouldn’t expect to pay the same in Milwaukee’s North Side as your friend on the South Side.
Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.
Rates in Milwaukee can be relatively high or low compared to the national average; it all depends on which area you live in. Here are the most and least expensive ZIP codes in Milwaukee for home insurance.
| Most Expensive Real Estate in Milwaukee | Cheapest Real Estate in Milwaukee | ||
| Historic Third Ward | $367,697 | Northridge Lakes | $92,766 |
| Golden Gate | $223,419 | Bradley Estates | $94,176 |
| Mack Acres | $213,982 | Golden Valley | $168,776 |
Home value data from zillow.com
Cut Milwaukee Home Insurance Costs
Home Insurance Coverage Types in Milwaukee
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
| HO-1
Basic |
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| HO-2
Broad Form |
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| HO-3
Special Form |
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| HO-4
Tenant’s Form |
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| HO-5
Comprehensive |
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| HO-6
Condo Form |
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| HO-7
Mobile Home Form |
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| HO-8
Older Home |
|
Natural Disasters and Homeowners Insurance in Milwaukee
Because Milwaukee is situated on Lake Michigan, the weather can rapidly change. The humid continental climate that comes off the lake produces cold wind and snow in the winter and warm humidity in the summer. Winter temperatures average 22.3 ℉, with moderate snow. And in the summer, the city sees highs around 90 ℉ from time to time. The heat also comes with dangerous and damaging thunderstorms that can come and go in an instant.
Snowstorms and thunderstorms are typical in Milwaukee. And it’s only a matter of time before storms or floods create structural damage or water damage. While homeowners insurance covers you from fires, hail damage, and wind damage resulting from a storm, flooding is not included. You’ll have to purchase a separate flood insurance policy to help pay for water damage from flooding. Flood insurance is a wise choice for saving, as you could be out thousands of dollars due to going without coverage. Ask your insurance agent for more information regarding flood insurance.
How to Get the Best Homeowners Insurance Quotes in Milwaukee
It would help if you learned some tips and tricks to get the best home insurance rates in Milwaukee. You can start by bundling home and auto insurance. You can also bundle life insurance. Bundling works by combining multiple insurance products through one insurance company. And insurance companies love when customers bundle. So they typically give out discounts and deals on bundled insurance policies.
You can get the best home insurance quotes by comparing different home insurance companies. Comparing helps you find the right insurance policy based on your coverage needs. Start by heading to Insurify’s comparison tool. And then, in just a few minutes, you can have insurance quotes with the best savings in your inbox!
Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.
Frequently Asked Questions - Milwaukee Homeowners Insurance
How does bundling home insurance work in Milwaukee?
Bundling works by combining your home insurance policy with car insurance or life insurance under one insurer. Doing so means you’re loyal to one insurance company. And loyalty makes the insurer happy, so they are likely to give you discounts and deals on insurance rates.
Does Milwaukee homeowners insurance cover identity theft protection?
Yes, many homeowners insurance companies in Milwaukee offer identity theft protection. Usually, you can add it as additional insurance on your policy. Ask your insurance agent for more information and pricing.
Do insurance providers cover property damage from flooding in Milwaukee?
Most standard home insurance policies do not offer coverage for flood damage. But your insurance agent will be able to help you purchase separate flood insurance to save money on repairs and damage in the long term.
Is the crime rate high in Milwaukee, Wisconsin?
Milwaukee, Wisconsin, is rated the sixth-highest in crime for big cities in America. But the crime rate is high in individual pockets of the city. A high-crime area can impact your insurance rates if your property is in one. Always make sure you have the proper coverage and talk to your insurance agent about additional insurance if need be.
Conclusion: How to Find the Cheapest Home Insurance in Milwaukee
Low living expenses and plenty of things to do in Brew City make Milwaukee, Wisconsin, a great place to live. But not having the right protection on your property can make homeownership a headache. When you find the best home insurance in Milwaukee at the best rates, you’ll have the peace of mind to go with your dream home.
Use Insurify to compare home insurance premiums for your property in Milwaukee.
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Browse, compare, and secure home insurance with Insurify today!
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Stephanie Shaykin is a seasoned writer and marketing professional with experience in real estate. With a true passion for brand storytelling and SEO, she breaks down the most complex copy into a pleasant experience for the reader. In her spare time, she enjoys creating art and cooking in her home base of Chicago, Illinois.
