Because Wisconsin has lower home insurance costs, it is relatively easy to find an insurance company in this state. A $250,000 dwelling insurance policy costs $986 per year, which is $82 per month. Wisconsin is not affected by the same seasonal hurricanes as coastal states. It isn’t on an active fault line, and it isn’t located in tornado Alley.
You want to be able to afford the best Wisconsin homeowners’ insurance companies and receive top-notch service. Bankrate did extensive research on the top Wisconsin home insurance options in order to make it easier for you to make your choice.
Wisconsin’s best home insurance companies
There are many insurance companies in Wisconsin. Each one has its strengths and weaknesses. As a preliminary guideline, Bankrate used up-to-date rates from Quadrant Information Services to determine the best Wisconsin insurance companies. But, simply because a carrier costs the least does not necessarily mean that it is the best. Customer opinions, in addition to price and credit rating are important. J.D. We feature J.D.
Allstate
Allstate is a great choice if you’re interested in bundling policies due to its large selection of insurance options. Many local agents are available to help you decide how much coverage is right for you. Allstate provides helpful add-on coverage such as identity theft, electronic data, and sports equipment. Some items can even be reimbursed to help make your home more eco-friendly.
American Family
American Family provides more than home insurance. American Family offers auto, life, motorbike, and RV insurance. Bundling coverages can help you save a lot on your premiums. American Family offers coverage options that include credit theft protection, equipment breakdown coverage, and matching siding protection for Wisconsin residents looking for robust coverage for their home and lifestyle.
Farmers
Farmers Insurance is one of the oldest companies in insurance. It started selling insurance to farmers vehicles back in 1928. It offers insurance for cars, homes, and life. Farmers has a wide range of coverage options. You can also reduce your deductible each year for every additional year that you keep your policy. Farmers also offers a variety of discounts and add-ons to personalize your policy.
State Farm
State Farm provides insurance for home, car and motorcycle. This provider offers discounts for certain roofing materials, home alert protection, and higher deductibles. The snow loads that can be placed on Wisconsin roofs may really impact their durability. You may find it motivating to upgrade your roof before winter hits.
USAA
USAA is a top-rated U.S. insurance company. It is easily accessible in all 50 states, and it consistently scores high in J.D. Customer satisfaction is measured by Power Score ratings. USAA provides premium benefits to members and their families. They also offer loyalty discounts and a range of coverage options. To be eligible for coverage, you don’t have to be stationed at Fort McCoy. USAA can be joined by veterans, former military personnel and their families.
What is the cost of homeowners insurance in Wisconsin
The average cost for home insurance in Wisconsin was $986 per annum. This is $326 lower than the national average of $13,312 annually, and just over half the Minnesota average of $1785 annually. What makes Wisconsin so affordable? It isn’t a coastal state so it isn’t as vulnerable to hurricanes. Second, Wisconsin is not prone to earthquakes. It had a major earthquake on May 6, 1947.
Wisconsin is an affordable state to insure your home. Wisconsin is significantly cheaper than Florida and other coastal states, where home insurance costs average $1,353 each year. Wisconsin is slightly more expensive than states like Utah with an average rate of $647. In Utah, snow is the main concern. Wisconsin rates are $1,289 and 1,120 respectively, which is lower than those in neighboring states like Iowa and Michigan.
Wisconsin home insurance
You don’t have to worry about damage from hurricane season-related natural disasters in Wisconsin because it is not susceptible to tornadoes or hurricanes. If you’re looking for home insurance, however, Wisconsin has sinkholes.
Common Loss Causes in Wisconsin
There are many factors that can affect Wisconsin’s home insurance rates. These are some of the causes of Wisconsin losses:
- Sinkholes in Wisconsin: Wisconsin is most susceptible to sinkholes, primarily in the west, east and south. But, they are much smaller than other states that have sinkholes. Most of them are less than 10 feet .
- Floods/snowfall are the biggest threats to Wisconsin. However, even though this is not a statewide issue, it depends on where you live. In 2008, 31 counties in Southern Wisconsin were designated disaster areas. Around 40,000 homes were damaged and 5,000 businesses were also affected. The property damage totalled $1.2 million. Flooding is not covered by standard home insurance policies, although snowfall is covered.
- Windstorms Severe weather like thunderstorms or high winds can cause property damage. Already mentioned is flooding. High winds can also cause damage to roofs, carports and other structures.
Options for home insurance in Wisconsin
Sinkholes and heavy flooding are two of the most common causes for loss in Wisconsin. It may be worthwhile to consider sinkhole protection and flood insurance if you insure your Wisconsin home.
- Flood insurance Flood insurance can be purchased through the National Flood Insurance Program, which is a U.S. government programme. Although flood insurance may be listed on many companies’ websites, these are not official liaisons. Flood insurance can only be purchased through the NFIP. However, it is better to have your insurance provider sign up if they offer it. You can use the FEMA Flood Map to determine if flood insurance is required. However, this guideline is not meant to be used as such.
- Sinkhole coverage If you live in an area with sinkholes, protection might be required. Dolomite or limestone can be found beneath the surface in some areas of Wisconsin, including the western, eastern and southern parts. These types of stone can be broken and are easily soluble.
- Equipment breakdown: Wisconsin’s extreme weather can cause damage to heating, plumbing, and electrical systems. In the most extreme circumstances, furnaces and boilers can fail. The optional coverage can be purchased in the same way as an extended warranty. If your furnace stops working, your insurance company may pay to repair it or replace it.
Questions frequently asked
What is the best Wisconsin homeowners insurance?
Your needs and desires will determine the best homeowners policy. You might want to get multiple quotes before you decide on the right one.
How can I get homeowner’s insurance in Wisconsin?
Get homeowners insurance in Wisconsin by contacting a company to get a quote. You can get quotes online, by phone, or one-on-one with an agent. It is a good idea to obtain multiple quotes in order to have the best chance of finding the right match.
Flood insurance is recommended for all of Wisconsin
Although it is hard to make a general statement, the National Flood Insurance Program recommends that everyone consider flood insurance regardless of where they live. Flooding can occur for many reasons, and all are possible in the state.
Is ice damage covered under home insurance?
Your home insurance may not cover all types of ice damage. Talk to your agent for further details. If the damage to the exterior such as the roof, is caused by ice dams, it may be covered. However, damage to personal property or your belongings may not be covered. If the claims adjuster discovers that you failed to take reasonable precautions to prevent frozen pipes from occurring, then the damage may not be covered.
