Best homeowners insurance in Milwaukee, WI (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Milwaukee.

Headshot of Rachael Brennan

By

Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
|

Reviewed by

Ian Bloom, CFP®, RLP®Ian Bloom, CFP®, RLP®Certified Financial PlannerIan Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.

Updated|4 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

The average cost of homeowners insurance in Milwaukee is $1,235 per year or $103 a month. This is around 7% higher than the Wisconsin state average, but 30% lower than the national average of $1,754 per year.

However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Milwaukee.  

Compare home insurance rates in Milwaukee

We don't sell your information to third parties.

Compare the best cheap homeowners insurance companies in Milwaukee

Of the companies we looked at, Allstate has the lowest home insurance rate, with an average annual policy cost of only $927 per year. That's $308 less than the state average. American Family and Auto-Owners Insurance are other great options for Milwaukee residents due to their low rates and high customer and claim satisfaction ratings with J.D. Power.  

To find the best cheap homeowners insurance in Milwaukee, Policygenius rated over a dozen of the largest insurance companies in Wisconsin across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

Company

Average monthly cost

Policygenius rating

Auto-Owners Insurance

$131

5.0 out of 5

State Farm

$121

4.8 out of 5

American Family

$97

4.5 out of 5

Farmers

$96

4.5 out of 5

Allstate

$88

4.4 out of 5

Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

award icon

2024 Policygenius award winner

Auto-Owners Insurance

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starFull orange star

5.0

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Why we chose itchevron icon

Auto-Owners Insurance is the best homeowners insurance company in Milwaukee thanks to wide range of coverage options, its high marks for financial strength, and its customer experience ratings.

Pros and conschevron icon

Pros

  • Offers additional coverage options

  • Lots of discounts

Cons

  • Not able to get quotes or file claims online

More detailschevron icon

Why we chose Auto-Owners Insurance

Auto-Owners Insurance is our pick for the best overall home insurance company in Milwaukee. The company has received above-average ratings on J.D. Power's Home Insurance Study, and it gets fewer complaints than average according to the National Association of Insurance Commissioners.

With endorsements like guaranteed replacement cost coverage, water backup protection, inland flood coverage, and a comprehensive Homeowners Plus endorsement package, Auto-Owners offers many ways to customize your policy.

How do Auto-Owners Insurance rates compare to the Milwaukee average?

The average cost of Auto-Owners home insurance in Milwaukee is $1,572 per year, which is 27% more expensive than the citywide average.

How to get a quote

To get a homeowners insurance quote, you’ll have to call a local Auto-Owners Insurance agent. 

award icon

2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is one of the best home insurance companies in Milwaukee thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers

  • Higher rates than average

More detailschevron icon

Why we chose State Farm

State Farm is one of the best home insurance companies in Milwaukee, especially if you want to add coverage to a basic policy. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.

State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.

How do State Farm home insurance rates compare to the Milwaukee average?

The average cost of home insurance from State Farm in Milwaukee is $1,452 per year, which is 18% more expensive than the citywide average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

award icon

2024 Policygenius award winner

American Family

American Family home insurance

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.6

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Offers flood insurance

Bundle home & auto

Why we chose itchevron icon

American Family is one of the best home insurance companies in Milwaukee, especially for people who want to add coverage to a basic policy. AmFam also has high customer service ratings and several discounts.

Pros and conschevron icon

Pros

  • Several one-of-its-kind coverage endorsements and policy perks

  • High customer satisfaction and digital shopping satisfaction scores with J.D. Power

  • Offers nearly one dozen discounts

Cons

  • Requires you to work with an agent to purchase a policy

More detailschevron icon

Why we chose American Family

American Family is one of the top home insurance companies in Milwaukee. You can customize your American Family policy with up to 15 additional coverage options — including inland flood, equipment breakdown, and service line coverage.

AmFam also offers many discounts, including paying your premiums all at once, opting for paperless billing, and signing up for automatic payments, which can lower it's already affordable premiums even more.

How do American Family home insurance rates compare to the Milwaukee average?

The average annual cost of American Family home insurance in Milwaukee is $1,167 per year, which is 6% cheaper than the citywide average.

How to get a quote

Online with American Family or by contacting a local agent

award icon

2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Milwaukee for those who want to add coverage to their policies. Farmers also has a range of discounts, slightly cheaper-than-average rates, and high claims satisfaction scores.

Pros and conschevron icon

Pros

  • Optional extended or guaranteed replacement cost dwelling coverage

  • Receives few complaints from policyholders and has a high claims satisfaction score

  • Rates are cheaper than average

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

More detailschevron icon

Why we chose Farmers

Farmers is one of the best home insurance companies in Milwaukee, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Milwaukee?

The average cost of Farmers home insurance in Milwaukee is $1,154 per year, which is 7% cheaper than the city's average annual premium.

How to get a quote

Online through Farmers

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Allstate is one of the best and cheapest home insurance companies in Milwaukee. Besides having lower-than-average rates, Allstate also offers a few add-ons that can make a basic policy stronger.

Pros and conschevron icon

Pros

  • Much cheaper rates than average in Wisconsin

  • Offers water backup protection, other endorsements

  • Offers short-term rental insurance

Cons

  • Beginning to pull back coverage in high-risk areas

  • Customer experience scores with J.D. Power are below the segment average

More detailschevron icon

Why we chose Allstate

Allstate is one of the best and cheapest home insurance companies in Milwaukee. In addition to its low rates, Allstate offers a few home insurance coverages that you can add to your policy. These include water backup protection, scheduled personal property coverage, and identity theft restoration coverage.

If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.

How do Allstate home insurance rates compare to the Milwaukee average?

The annual average cost of Allstate home insurance in Milwaukee is $927 per year, which is 25% cheaper than the citywide average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

Compare home insurance rates in Milwaukee

We don't sell your information to third parties.

How much is homeowners insurance in Milwaukee?

The average cost of home insurance in Milwaukee is $1,235 per year, or $103 a month, for a policy with $300,000 in dwelling coverage. This is around 7% higher than the average annual cost of $1,150 for homeowners insurance in Wisconsin, and about 30% lower than the national average. 

Milwaukee home insurance rates by ZIP code

Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Milwaukee neighborhoods may be more prone to extreme weather damage or property crime than others.

To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Milwaukee.

ZIP code

Average annual cost

Difference from state average (%)

53215

$1,233

7%

53209

$1,203

5%

53218

$1,273

11%

53221

$1,168

2%

53204

$1,299

13%

53207

$1,180

3%

53211

$1,205

5%

53219

$1,144

-1%

53216

$1,277

11%

53223

$1,203

5%

Collapse table

Cheapest ZIP codes for home insurance in Milwaukee

With an average home insurance rate of $1,144 per year, the 53219 ZIP code is the most affordable area for home insurance in Milwaukee.

ZIP code

Average annual cost

Difference from state average (%)

53219

$1,144

-1%

53221

$1,168

2%

53207

$1,180

3%

53222

$1,189

3%

53209

$1,203

5%

53223

$1,203

5%

53211

$1,205

5%

53224

$1,213

5%

53225

$1,221

6%

53215

$1,233

7%

Collapse table

Most expensive areas for homeowners insurance in Milwaukee

With an average annual premium of $1,299, the 53204 ZIP code is the most expensive ZIP code in Milwaukee for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.

ZIP code

Average annual cost

Difference from state average (%)

53204

$1,299

13%

53205

$1,294

13%

53206

$1,288

12%

53216

$1,277

11%

53218

$1,273

11%

53208

$1,271

11%

53210

$1,266

10%

53212

$1,259

9%

53233

$1,258

9%

53203

$1,254

9%

Collapse table

Learn more >> Home insurance rates by ZIP code

Milwaukee home insurance costs by coverage amount

Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.

Here are the average rates for homeowners insurance based on coverage amount.

Dwelling coverage limit

Average annual cost

$100,000

$602

$200,000

$902

$300,000

$1,235

$400,000

$1,566

$500,000

$1,860

Milwaukee home insurance costs by deductible amount

Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.

Here are the average rates for homeowners coverage by deductible amount.

Deductible

Average annual cost

$500

$1,655

$1,000

$1,214

$2,000

$1,336

Cheapest homeowners insurance companies in Milwaukee

Based on our analysis, Allstate, West Bend Mutual Insurance, and Rural Mutual Insurance are the three cheapest home insurance companies in Milwaukee, with average premiums citywide ranging from $927 to $1,008 per year.

Company

Average annual cost

Allstate

$927

West Bend Mutual Insurance

$947

Rural Mutual Insurance

$1,008

Wisconsin Mutual Insurance

$1,119

Secura Insurance Companies

$1,141

Farmers

$1,154

American Family

$1,167

USAA

$1,202

Hastings Mutual Insurance

$1,313

Acuity

$1,349

Badger Mutual Insurance

$1,429

State Farm

$1,452

AAA

$1,510

Auto-Owners Insurance

$1,572

Collapse table

Cheapest home insurance in Milwaukee if you have poor credit

bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.

Here are the average rates for homeowners insurance for Milwaukee residents with poor credit.

Company

Average annual cost

Wisconsin Mutual Insurance

$1,119

Rural Mutual Insurance

$1,319

Badger Mutual Insurance

$1,429

Secura Insurance Companies

$1,459

Allstate

$1,475

West Bend Mutual Insurance

$1,531

Acuity

$1,900

Hastings Mutual Insurance

$1,900

USAA

$1,911

American Family

$1,971

State Farm

$2,491

Farmers

$2,502

AAA

$2,577

Auto-Owners Insurance

$3,181

Collapse table

Cheapest home insurance in Milwaukee if you have an older home

Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.

Here are the average homeowners insurance rates for Milwaukee residents with older homes.

Company

Average annual cost

Allstate

$891

Rural Mutual Insurance

$1,008

West Bend Mutual Insurance

$1,043

Wisconsin Mutual Insurance

$1,119

Farmers

$1,151

Secura Insurance Companies

$1,154

USAA

$1,191

American Family

$1,197

Acuity

$1,268

Hastings Mutual Insurance

$1,313

Badger Mutual Insurance

$1,429

Auto-Owners Insurance

$1,440

State Farm

$1,452

AAA

$1,795

Collapse table

Cheapest homeowners insurance in Milwaukee if you have a history of claims

Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.

Here's the cheapest home insurance companies in Milwaukee for a homeowner with three claims within a five-year period on their record.

Company

Average annual cost

Wisconsin Mutual Insurance

$1,119

Rural Mutual Insurance

$1,301

West Bend Mutual Insurance

$1,420

Badger Mutual Insurance

$1,429

Auto-Owners Insurance

$1,490

Farmers

$1,581

Allstate

$1,630

State Farm

$1,657

Secura Insurance Companies

$1,681

USAA

$1,698

Acuity

$1,974

American Family

$2,307

Hastings Mutual Insurance

$2,575

AAA

$4,521

Collapse table

How to get homeowners insurance quotes in Milwaukee

Homeowners in Milwaukee are aware of the risk of damage from the wet, rainy, and snowy weather in the state. That's why it's so important for all homeowners to find the right coverage at the right price. 

Here are a few steps to follow as you shop for homeowners insurance in Milwaukee, Wisconsin: 

5 steps to buying homeowners insurance in Milwaukee, WI

  • Reach out to a licensed Policygenius agent. Our team of licensed insurance experts are ready to help you figure out how much coverage you need and what company offers it at the best price.

  • Consider purchasing flood insurance. Standard home insurance policies do not cover flooding. Because Milwaukee residents face the threat of flooding year round, high-risk residents will want to purchase a separate flood insurance policy to make sure they’re fully protected. A Policygenius agent can help you do this, too.

  • Figure out how low of a deductible you can afford. Opting into a higher deductible can save you money on home insurance, but make sure to balance the short-term savings with the potentially unaffordable out-of-pocket expenses in the event of a claim

  • Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs and input a few details about your house, a Policygenius agent can walk you through quotes from a few different companies to help you find the best policy for your needs.

  • Sign the policy and pay your first premium. After you’ve picked out a policy, a Policygenius agent can sort out the rest. The only thing left for you to do is sign and pay your first premium.  

Compare home insurance rates in Milwaukee

We don't sell your information to third parties.

Frequently asked questions

What is the average cost of homeowners insurance in Milwaukee?

The average cost of homeowners insurance in Milwaukee, Wisconsin is $109 per month, or $1,302 per year.

Is home insurance required in Wisconsin?

There are no state or local laws that require homeowners to carry home insurance, but that doesn't mean it's not technically required. Most mortgage lenders require you to purchase home insurance before they’ll offer you a home loan. This is because they have a financial investment in the property until you pay off your mortgage, so they want to ensure it’s fully protected.

What is hazard insurance and is it the same as home insurance?

Hazard insurance is the part of your home insurance policy that protects the home from physical damage and disasters.

Does home insurance cover personal property or belongings?

Yes, your home insurance coverage extends to your belongings, including appliances, clothes, and furniture.

Author

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

Questions about this page? Email us at .