How much is renters insurance in wisconsin? 2023

how much is renters insurance in wisconsin
The Top and Lowest-Priced Renters Insurance Companies in Wisconsin for 2022, Ranked by Quality and Price. Wisconsin renters insurance costs $9 per month on average, which is less than the national average of $13 per month. Allstate offers the most cheap coverage in the state at around $87 per year.

It is also the top organization in terms of cost-effectiveness. Renters can save up to $49 per year by comparing prices from different providers and shopping around. Ensure you are receiving the greatest renters insurance premium. Compare rates from leading insurance providers. Disclosure of Advertisements & Editorial Content Expired on: 11/1/2022 Written by | Edited by MoneyGeek has investigated the leading Wisconsin renters insurance providers to help you choose the most cost-effective policy.

Our study evaluates the cost, financial stability, and customer service of Wisconsin businesses so that you may locate the best firm for your requirements. When getting Wisconsin renters insurance, affordability is always a significant consideration. Allstate is the lowest insurer in this state, with a yearly average premium of $79.

This premium is $49 less than comparable coverage from Farmers, the most expensive Wisconsin rental insurance company.
These costs reflect a policy with $20,000 in coverage for personal property, $100,000 in coverage for liability, and a $500 deductible.
MoneyGeek examined price quotations from all Wisconsin ZIP codes.

Allstate had the most affordable renters insurance in the two Wisconsin cities reviewed by MoneyGeek. Allstate policies cost an average of $79 per year. Rates might vary by city, so it’s crucial to compare premiums in your area to ensure you’re receiving the best deal.



Madison, WI	Allstate	$69
Madison, WI	American Family	$98
Madison, WI	Farmers	$115
Madison, WI	State Farm	$115
Milwaukee, WI	Allstate	$87
Milwaukee, WI	State Farm	$115
Milwaukee, WI	American Family	$121
Milwaukee, WI	Farmers	$138

Ensure you are receiving the greatest renters insurance premium. Compare rates from leading insurance providers. With a total score of 96.80 out of a possible 100 According to MoneyGeek’s study, the top Wisconsin renters insurance provider is Allstate.

We determined this by assessing many insurers in the state based on price data, J.D. Power customer service scores, and AM Best financial soundness information. Top-rated renters insurance providers are not always the least expensive. They provide a balance between quality and price. This is critical since timely service is required when making a claim.

Geek Quick Take Allstate is the highest-rated Wisconsin renters insurance provider. They rank first in terms of affordability, second in terms of financial stability, and third in terms of service quality among four suppliers. A personal umbrella policy is available as an add-on.

More Regarding Allstate All 51 states provide renters insurance from Allstate.
They provide fewer coverage options than the national average of seven.
Two of their add-ons are special, though.
Moreover, their discount alternatives are comparable to the national average of five, with two options that are uncommon among other renters insurance providers.

In addition, Allstate provides a comprehensive suite of digital tools for tenants to manage their insurance. Online, users may file claims, pay premiums, obtain a quote, and seek financial counseling, among other services. Geek Quick Take State Farm gets the greatest ratings in Wisconsin for service excellence and financial stability, but their affordability rating is low.

Customers can get an umbrella coverage from this firm.
More Regarding State Farm In every state, State Farm offers renters insurance.
However, their coverage options and discount opportunities are below the norm for the industry, with three and two, respectively.
Their extra coverage is unique, although their discounts are widespread among renters insurance companies.

The website of State Farm provides numerous helpful services for tenants. You may do everything from get an estimate to file a claim. In addition, they provide policyholders with a smartphone app to manage their accounts. Geek Quick Take In Wisconsin, American Family ranks second among four providers in terms of price and service quality, and is tied for third in terms of financial stability.

They do not offer any additional coverages, but they do provide coverage for scheduled personal property. More Concerning American Family In 19 states, American Family offers renters insurance. They provide seven discount options, which is more than the industry average of five. However, they only provide two coverage enhancements, which is fewer than other businesses.

American Family’s digital tools provide policyholders with all the necessary features for their renters insurance, including the ability to file claims and pay premiums. Additionally, their website provides a quotation generator, a personal property calculator, and financial guidance.

In addition, policyholders can utilize a smartphone application to manage their accounts.
Geek Quick Take Farmers had the lowest rankings for cost, service quality, and financial stability among Wisconsin insurers.
Identity Shield protects your identity, despite the lack of distinct coverage alternatives.

More Regarding Farmers Farmers offers renters insurance in 42 states. This supplier does not provide plans to renters in Alaska, Delaware, Hawaii, Maine, New Hampshire, Vermont, West Virginia, Washington, D.C., or Rhode Island. Seven discount possibilities are available at Farmers, which is more than the national average.

Four of these seven services are rarely provided by insurance providers. However, they only provide three typical coverage extensions. This is below the industry average of five. Farmers’ website enables consumers to receive customized quotes, pay bills, and file claims. In addition, they provide a mobile application that allows policyholders to control their insurance from the palm of their hand.

Official Wisconsin Renters Insurance Guide

MONEYGEEK PROFESSIONAL ADVICE Not often are the lowest insurance also the best. Sometimes, it is preferable to pick a more costly supplier since they give superior service and rapidly process claims. It is prudent to purchase renters insurance from high market share firms. Ensure you are receiving the greatest renters insurance premium. Compare rates from leading insurance providers. With a total score of 96.80 out of a possible 100 According to MoneyGeek’s study, the top Wisconsin renters insurance provider is Allstate.

We determined this by assessing many insurers in the state based on price data, J.D.
Power customer service scores, and AM Best financial soundness information.
Top-rated renters insurance providers are not always the least expensive.
They provide a balance between quality and price.
This is critical since timely service is required when making a claim.

More Regarding Allstate All 51 states provide renters insurance from Allstate.
They provide fewer coverage options than the national average of seven.
Two of their add-ons are special, though.
Moreover, their discount alternatives are comparable to the national average of five, with two options that are uncommon among other renters insurance providers.

Customers can get an umbrella coverage from this firm. More Regarding State Farm In every state, State Farm offers renters insurance. However, their coverage options and discount opportunities are below the norm for the industry, with three and two, respectively. Their extra coverage is unique, although their discounts are widespread among renters insurance companies.

They do not offer any additional coverages, but they do provide coverage for scheduled personal property.
More Concerning American Family In 19 states, American Family offers renters insurance.
They provide seven discount options, which is more than the industry average of five.
However, they only provide two coverage enhancements, which is fewer than other businesses.

In addition, policyholders can utilize a smartphone application to manage their accounts. Geek Quick Take Farmers had the lowest rankings for cost, service quality, and financial stability among Wisconsin insurers. Identity Shield protects your identity, despite the lack of distinct coverage alternatives.

Four of these seven services are rarely provided by insurance providers. However, they only provide three typical coverage extensions. This is below the industry average of five. Farmers’ website enables consumers to receive customized quotes, pay bills, and file claims. In addition, they provide a mobile application that allows policyholders to control their insurance from the palm of their hand.

Official Wisconsin Renters Insurance Guide

Typically, these organizations have greater financial stability than smaller insurers. They also have the means to spend in customer service and user experience enhancements. This equates to improved customer service for policyholders. The level of renters insurance is average. The annual in Wisconsin is roughly $108 This is $51 less than the national annual average of $159.

These figures pertain to a normal renters insurance policy with $100,000 in liability coverage, $20,000 in personal property coverage, and a $500 deductible. The quantity of personal property you own is a significant element in determining the price of your renters insurance.

You may determine the amount of coverage you need depending on the value of your personal property using the calculator provided below. MONEYGEEK PROFESSIONAL ADVICE You may save money on your rates by comparing Wisconsin renters insurance quotes. By picking Allstate over Farmers, you may save up to $49 per year on renters insurance, for instance.

The cost of your renter’s insurance is determined by a number of variables. You should ensure that you comprehend how the following factors might increase or decrease your expenditures to more reasonable levels. Living situation is usually an important issue.

Some places have a larger risk of crime and severe weather than others, and as a result, tenants in these areas pay more for insurance. If you pick regular renters insurance, your charges will be less than if you choose for optional coverage extensions. A deductible is the amount you must pay before your insurance will cover a claim.

Higher deductibles result with cheaper yearly rates, and vice versa. ACV insurance repay you for the depreciated worth of your used items, but RCV policies compensate you for a brand-new item of the same style and quality. ACV insurance are less expensive than RCV policies due to their smaller payments.

Insurers believe that individuals with poor credit are more prone to submit claims.
Therefore, they charge these individuals more.
If you want to pay cheap premiums for renters insurance, you need keep a high credit score.
Ensure you are receiving the greatest renters insurance premium.
Compare rates from leading insurance providers.

Analysts in the industry urge that all tenants purchase insurance since it offers piece of mind. It is an inexpensive means of securing your belongings from loss or harm. About 29% of all inhabitants in Wisconsin are renters, and they spend an average of $867 each month.

In comparison, the typical renters insurance coverage in the state costs around $9 per month, or slightly more than 1% of the monthly rent.
Typical renters insurance plans include coverage for personal property, supplementary living expenses, liability insurance, and medical payments.
Personal property insurance in Wisconsin often covers losses and damages caused by storms and blizzards, which are both prevalent in the state.

Before making a purchase, you should carefully determine what a renters insurance coverage does and does not cover. Before signing on the dotted line, if you have any queries, ask your agent. There are further risks that renters insurance normally does not cover.

You may need supplemental insurance coverage for the following in Wisconsin: Typically, renters insurance covers water damage caused by damaged water mains or pipelines.
Nevertheless, insurers often do not cover floods caused by extreme weather.
Contact the National Flood Insurance Program (NFIP) for additional information about coverage if you are concerned about flooding.

Most renters insurance policies do not cover earthquakes, but you may get earthquake coverage as an add-on if you like. The state of Wisconsin encounters earthquakes fairly seldom. Your renters insurance will not cover damage to the building’s framework or construction.

Your landlord is responsible for this. If you do not add your roommate to your renters insurance policy, just your personal belongings will be covered. If your valuables exceed the coverage limitations of your insurance, you will likely need to acquire an extra rider. MONEYGEEK PROFESSIONAL ADVICE Do you have questions regarding Wisconsin renters insurance? There are tools available to assist you comprehend every aspect of insurance.

Through their website, you may also research a company, submit a complaint, and receive support. In addition to their internet outlets, The Office of the Wisconsin Insurance Commissioner may be reached via: 125 S. Webster Street, Madison, Wisconsin 53703-3474 Telephone: 608-266-3585 Telephone Number for Complaints: 1-800-236-8517 MoneyGeek responded to some commonly asked concerns regarding renters insurance in Wisconsin to assist you in locating the cheapest prices and most reputable providers.

No, Wisconsin does not mandate that tenants purchase insurance. Before enabling you to sign a lease, your landlord has the authority to seek evidence of renters insurance. However, we recommend obtaining renters insurance to safeguard your belongings. It is a little investment that may save you a lot of money in the event of a catastrophe.

Ensure you are receiving the greatest renters insurance premium. Compare rates from leading insurance providers. MoneyGeek studied renters insurance prices from four of Wisconsin’s leading insurance providers, as given by Quadrant. Our investigation includes quotations from Wisconsin ZIP codes.

A request was made for quotes on plans with personal property coverage of $20,000, $50,000, and $100,000, liability coverage of $100,000, and a $500 deductible. Mark Fitzpatrick is a senior content manager at MoneyGeek who specializes on insurance. Mark has extensive expertise studying the insurance business and developing innovative research and content.

He earned a Bachelor of Arts from Boston College and a Master of Arts from Johns Hopkins University. Office of the Insurance Commissioner of Wisconsin.” Retrieved on March 31, 2022. Best and Most Affordable Renters Insurance Companies in Wisconsin for 2022: Rankings, Customer Reviews, and Premiums

Is Wisconsin obligatory renters insurance?

In Wisconsin, is renters insurance required? No, there is no federal legislation requiring tenants to have renters insurance. However, some landlords may request evidence of renters insurance as a condition of the lease.