Wisconsin Home Insurance

Many homeowners in Wisconsin see their homes as their biggest investment and their most important financial asset, so having a good homeowners insurance policy is as important as heat and electricity. To help homeowners stay ahead of the curve for their insurance needs, The Simple Dollar has put together a one-stop resource on homeowners insurance in Wisconsin. Keep reading for statistics, links, and additional resources to get started on all your homeowners insurance needs.

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Stats in Your State

Below readers will find useful statistics and graphs to illustrate the various factors that affect both Wisconsin’s housing market and the insurance rates across the state. The visualizations will help you understand what affects your rate and how much you should be paying.

Homeowner Insurance Premiums

Between 1999 and 2008, Wisconsin homeowners paid $330 less than the national average for home insurance. While rates did increase across the early 2000’s with the growth in the housing market, Wisconsin’s relatively low incidence of major natural disasters contributes to lower average rates across the state.

Renter Insurance Premiums

Wisconsinites have historically paid about two-thirds the average U.S rate for rental insurance. Due to a relatively low-demand rental market and few natural disasters, the rates across the state of Wisconsin have remained low from 1999 onwards.

Existing Home Sales

After a peak of roughly 122,000 homes sold in 2003, the Wisconsin housing market began its decline, resulting in a decade-low of roughly 78,000 homes sold in 2010. This decline mirrored the national trend housing market’s slump in the late 2000’s.

Flood Insurance in Region

Compared with neighboring states in the Midwest, Wisconsin’s homeowners filed few claims for flood damage in 2011 and 2012. With just over 100 claims and $700,000 in damages, Wisconsin remained a relatively low-risk for flood insurance, unlike states like Illinois and Ohio, where flooding is a major yearly problem.

Homes Built

As indicated by the U.S. Census Bureau, more than half of Wisconsin’s homes have been built following 1970, with steady growth through the 1990s and onwards. Wisconsin’s relatively stable agriculture industry has contributed toward steady growth across the 20th and into the 21st centuries.

Rules in Your State

Consumers can rest easy knowing there are specific rules and regulations governing the way that insurers settle and handle insurance claims in Wisconsin. Read more through the links below to learn about the general insurance rules in the state, as well as the claims settlement rules for Wisconsin insurers.

Representatives & Resources in Your State

For assistance and guidance with your homeowner policy, or for info on choosing a new policy, get in touch with some of the agencies below. The Office of the Insurance Commissioner can provide support for the most difficult insurance issues.

Wisconsin Office of the Commissioner of Insurance
125 South Webster Street
Madison, Wisconsin 53703-3474
Get Directions
(800) 236-8517
Contact Information
Consumer Complaint Resource
Auto & Home Insurance Information

Federal Emergency Management Administration: Region 5
Contact the FEMA regional offices for support on natural disasters in Wisconsin, as well as for tips on disaster preparedness and safety plans.