How Much are Auto Insurance Quotes for High Mileage Drivers in Wisconsin?

For high mileage drivers, one of the big things that is used to calculate auto insurance rates is where you choose to live. Areas with increased crime or more people like Milwaukee, West Allis, and Oak Creek tend to have more expensive car insurance rates, whereas areas with less traffic congestion and claims have the gratification of cheap car insurance for high mileage drivers in Wisconsin.

The illustration below displays the priciest cities in Wisconsin for high mileage drivers to purchase auto insurance in.

Rates are comparative as the specific geographic location can decrease or increase insurance rates considerably.

The car, truck, or SUV you are seeking coverage for is probably the biggest factor that determines whether or not you find the lowest-priced car insurance for high mileage drivers. Vehicles with lots of speed or power, poor safety features, or a track record of large liability claims will cost substantially more to insure than safer models.

The next list shows car insurance costs for a handful of the most affordable vehicles to insure in Wisconsin.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in Wisconsin location which can revise insurance rates considerably.

Looking at the rates, we can conclude that vehicles like the Chevrolet Traverse, Chevrolet Silverado, and Ford Escape will definitely be some of the cheaper vehicles to insure for high mileage drivers.

Do you need full coverage?

Finding cheap car insurance for high mileage drivers in Wisconsin should be important to most people, and one way to buy cheaper insurance is to not insure for full coverage. The information below shows the difference between car insurance rates with full phyical damage coverage and with liability coverage only. The data assumes no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

If all age groups are averaged, physical damage insurance costs $1,092 per year more than buying just liability insurance. That is a big expense that brings up the question if buying full coverage is a waste of money. There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

There are some situations where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.