Wisconsin homeowners pay less than the national average for home insurance. The average cost of home insurance for a policy with $300,000 in dwelling coverage and a $1,000 deductible is $1,462 annually in Wisconsin and $2,377 nationwide. Residents of the Badger State may even find cheaper insurance than the state average by comparing quotes from multiple insurers in Wisconsin.

With the state’s long winters, severe winds, and increasing flood risks, Wisconsin homeowners have plenty of perils to guard against. You should consider the specific risks in your area so you can purchase additional coverage if needed.

Here’s what you need to know about finding home insurance coverage in Wisconsin.

Best home insurance companies in Wisconsin

You have a number of quality insurance companies to choose from for your home insurance. The best home insurance company for you depends on your specific needs and circumstances, so you should always compare options from several insurers.

Start your search below with four of the best home insurers in the Badger State. The premiums below reflect the cost of a policy with $300,000 in dwelling coverage and a $1,000 deductible.

Cheapest rates: American Family

Best insurer for policy customization: Allstate

Best regional insurer: Rockford Mutual

Best insurer for guaranteed replacement cost coverage: Erie

Cheapest home insurance in Wisconsin

The cheapest home insurance company in Wisconsin is American Family, which has an average annual premium significantly lower than the national average.

Compare other cheap options for your home insurance needs in Wisconsin below. The average annual premiums reflect the cost of a policy with $300,000 in dwelling coverage and a $1,000 deductible.

Cost of homeowners insurance in Wisconsin

For a $300,000 home with a $1,000 deductible, the average home insurance policy in Wisconsin costs $1,462 annually, or about $122 per month. Wisconsin homeowners pay much less than the national average premium of $2,377 per year. How much you pay for a policy will depend on your coverage limits and deductible.

A number of other factors affect the cost of premiums, including your ZIP code, whether you live in an urban or rural area, your home characteristics, and weather risks in your area.

Cost of homeowners insurance by dwelling coverage amount

The dwelling coverage portion of your homeowners insurance policy covers the physical structure of your home. If a covered peril causes structural damage to your home, this coverage is what pays to fix or replace it. The best level of dwelling coverage will be enough to cover the replacement cost to rebuild your home, although different levels of coverage will have different premiums.

Here’s the average cost of homeowners insurance with a $1,000 deductible for policies with different dwelling coverage amounts in Wisconsin.

Cost of homeowners insurance by deductible

When you make a home insurance claim following covered damages, you need to pay a certain amount before the policy kicks in. The amount you need to cover is the deductible, which you can set based on your specific needs.

For example, a low deductible means you have less to pay after a covered claim, but you’ll have higher premiums, while a high deductible increases your financial responsibility after a claim but lowers your premium rates.

Compare the average annual premiums by deductible amount for a homeowners insurance policy in Wisconsin with $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Wisconsin

Comparing home insurance rates among a number of companies is the best way to find the lowest rate, but you can use additional strategies to reduce your premiums. Here are a few tips.

• Bundle multiple insurance policies. Many homeowners insurance companies also offer other insurance products, such as auto insurance, life insurance, umbrella insurance, or other types of coverage. To encourage loyalty among consumers, insurers often provide discounts on your insurance policies if you purchase them from the same company.

• Inquire about other discounts. You should always ask your insurance agent about what home insurance discounts you qualify for. Common discounts include paid-in-full, auto-pay, new homeowner, senior, loyalty, claims-free, military, and fortified home discounts.

• Increase your deductible. The higher your deductible, the lower your insurance premium. If you can afford to pay the higher deductible in the event of a claim, this is a great place to start lowering your insurance rates.3

How much homeowners insurance do you need in Wisconsin?

The state of Wisconsin doesn’t require homeowners to carry home insurance coverage, but your mortgage lender will make you purchase a homeowners policy as a condition of your home loan. Even if you don’t need to meet lender requirements, it’s a good idea to purchase a home insurance policy that can cover at least 80% of its replacement cost.

When deciding how much homeowners coverage you need, you should familiarize yourself with what a home insurance policy covers because some perils don’t receive coverage. For example, the vast majority of homeowners insurance policies don’t cover flood damage. If you live in an area with a risk of flooding, you’ll need to purchase a separate insurance product for flood coverage.

What are some of the biggest risks when owning a home in Wisconsin?

Homeowners insurance premiums vary by location due to factors like local climate, weather patterns, proximity to fire stations, and more. Wisconsin residents should generally prepare for the following common risks in the state: