Cheap Car Insurance in Madison, WI

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Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and Cinncinati.com. ...

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Jul 19, 2021

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Looking for cheap auto insurance in Madison, WI? From AutoInsuranceEZ.com, you could get the best insurance premiums within your town. To find free car insurance prices from the major providers right away, enter your postal code into the quote box in this article.

Madison, Wisconsin is both the state capital and a bit of a college town. It was originally founded strictly for the purposes of serving Wisconsin with a state capital, as opposed to most capital cities which have a more organic origin. Careful city planning has dotted Madison with beautiful parks and scenic boulevards. The University of Wisconsin calls Madison its home.

  • Fun fact: Do you have last week’s lecture notes? Because Madison is ranked #28 on the list of “Top 100 cities with highest percentage of college students (pop. 50,000+)”. Thinking of discovering more about Madison? Click here!

Auto Insurance Coverage Requirements in Wisconsin

Driving legally in Madison requires:

Coverage Requirements Most Common
Bodily Injury Liability 50,000/100,000 100,000/300,000
Property Damage Liability 15,000 100,000
Uninsured Motorist Bodily Injury 100,000/300,000 100,000/300,000
Medical Payments 10,000 (but might decline) 5,000
Collision Not required 500 deductible
Comprehensive Not required 0 deductible

Motorists should bear in mind that Liability is definitely a very limited type of coverage. Your insurance company is only going to shell out money for claims when the accident is considered your fault (or something that you’re responsible for). Other things – whether you’re a hit-and-run victim, or even the victim of thievery – won’t be included in your policy. To ensure you’re still finding the least expensive rate, compare cheap Wisconsin car insurance quotes online.

The statewide average for Wisconsin auto insurance is often as high as $91 monthly. However, under certain conditions, Madison motorists might get an interest rate as little as $31/month* underneath the right factors. Everything is dependent on items like your driving history, your credit rating, and which kind of vehicle you need to insure.



Average Monthly Auto Insurance Premiums


Legend:
Madison

State Farm
Farmers
Allied
Nationwide
Allstate


10
20
30



$25

$32

$30

$31

$39



 

If all that’s necessary is really a low rate per month, it appears as if State Farm or Allied are the best choice. However, a minimal monthly premium might cost you more income over time in case your provider does not offer good customer support, an easy claims process, or boosts your rates later on without warning.

Those that provide you with auto insurance policies consider many elements when figuring out insurance prices, such as marital status, zip code, type of vehicle owned, miles driven each year, and current insurance coverage and limits. Also take into account that premiums differ from between companies. To find out if you are still paying the cheapest fee, examine cheap Madison auto insurance premiums on the internet.

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Major Car Insurance Factors in Madison

The moment your automobile insurance provider gets ready to come up with your plan, they take several factors under consideration. A few of these, such as your car’s make/model or maybe your specific address, tend to be difficult to change. Here are a few additional examples:

Your Zip Code

Car insurance providers need to know your location (or the places you will be driving a motor vehicle usually) in order to evaluate the probability of a collision. All of it boils down to a simple idea: the greater the human population, the greater amount of cars you will encounter while driving, and also the more opportunities you might have to crash into or perhaps be crashed into by another car or truck. The populace of Madison is 243,344 plus the common household earnings are $49,546.



Auto Insurance by Zip Code


Legend:
Green Bay
Kenosha
Madison
Milwaukee
Racine

State Farm
Farmers
Allied
Nationwide
Allstate


10
20
30
40
50
60







$25
$34
$25
$33
$35





$30
$44
$32
$47
$44





$31
$43
$30
$65
$44





$33
$45
$31
$65
$44





$34
$46
$39
$46
$45


 

Automotive Accidents

Unfortunately, the per capita rate of serious accidents in Madison is very high. This means that you are probably automatically paying higher rates than you would be in a similarly-sized town with fewer accidents. But you can talk to your insurance agent and ask if they offer Safe Driver discounts in your zip code.



Fatal Accidents in Madison, WI


Legend:
Madison

Fatal accident count
Vehicles involved in fatal crashes
Fatal crashes involving drunk persons
Fatalities
Persons involved in fatal crashes
Pedestrians involved in fatal accidents


10
20
30
40
50
60
70
80
90
100



49

70

7

50

105

28


 

Auto Thefts in Madison

Just about all insurance agencies have concerns about auto theft; this is especially true for car owners who reside in larger metropolitan areas. The higher the number of people, the better the probability that you will have to submit an automobile burglary claim. In recent years, there were 243 stolen cars in Madison.



Basic vs. Comprehensive Auto Policy


Legend:
Basic Coverage
Comprehensive Coverage

State Farm
Farmers
Allied
Nationwide
Allstate


15
30
45
60
75
90
105
120
135




$25
$65


$32
$79


$30
$60


$31
$45


$39
$138


 

Your Credit Score

Apparently, your credit rating is among the greatest influential factors with regards to figuring out your insurance costs. Just consider the chart below. For those who have a bad credit score, your rates might be between 2x to 3x greater than someone with better credit.



Auto Insurance by Credit Score


Legend:
Excellent Credit
Poor Credit

State Farm
Farmers
Allied
Nationwide
Allstate


10
20
30
40
50




$20
$54


$27
$54


$24
$38


$22
$34


$39
$53


 

Your Age

Youthful motorists are statistically more prone to cause vehicle accidents than any other kind of driver. Due to this, they’re billed a lot more for their insurance payments than older motorists. However, you need to consider discount rates for teens, for example Good Student discount rates, or discount rates to take Motorists Driving courses.



Auto Policy Age Comparison


Legend:
34 Year Old
17 Year Old

State Farm
Farmers
Allied
Nationwide
Allstate


25
50
75
100
125
150
175
200
225
250




$25
$93


$32
$254


$30
$123


$31
$103


$39
$117


 

Your Driving Record

The cleanser your driving history, the greater the discounts you will receive. The greater tickets and citations you’ve collected, though, the greater the cost of your monthly insurance bill. And for those who have something serious on their record, like a Drunk driving offense, some providers may refuse to provide you with car insurance (or drop you like a customer).



Driving Violations


Legend:
Perfect Record
Minor Speeding Ticket
DUI/Reckless Driving
Major At-Fault Accident

State Farm
Farmers
Allied
Nationwide
Allstate


15
30
45
60






$25
$28
$28
$31




$32
$47
$53
$50




$30
$34
$66
$44




$31
$31
$58
$39




$39
$45
$50
$60


 

Your Vehicle

Luxury automobiles will definitely cost more to replace or repair, which means you will need more coverage, and therefore, the extra expensive policy. Less costly and typical cars, however, typically don’t cost as much to insure.



Car Insurance by Make/Model


Legend:
2015 Honda Accord
2012 Porsche Boxster Spyder

State Farm
Farmers
Allied
Nationwide
Allstate


20
40
60
80
100
120
140
160




$25
$89


$32
$106


$30
$69


$31
$51


$39
$175


 

Minor Car Insurance Factors in Madison

These other factors will alter your monthly payment too, although not as much:

Your Marital Status

For single policies, marital status is really a minimal factor when figuring out your premiums. However, married people have the choice of bundling their automotive and other insurance policies together. Most insurance firms will offer you substantial discount rates with this.

Your Gender

Gender has very little substantial effect on your rate per month. A lot of companies don’t charge different premiums according to gender whatsoever. There are companies which still do though, although the price difference rarely fluctuates beyond a 2-3% cost difference.

Your Driving Distance to Work

Driving around in Madison might be a bit of a hassle from time to time. Average commutes can last anywhere from 10 to 20 minutes, with the average being around 15 minutes. The good news though is that there are several different ways to get around; less than 64% of residents will be driving their own truck or car alone, around 10% will be carpooling, and up to 15% will walk.

Driving less miles every year, or reserving your automobile for journeys back and forth from work only, will not help you save much in your monthly rates. The only real factor that will influence your cost is if you designate your automobile as “for business” use. Business automobiles are usually billed 10-12% more every month.

Your Coverage and Deductibles

Getting all of the coverage you’ll need could be costly. This is exactly why some companies ask you for less monthly should you accept their proposal to increase your deductible. However, make sure to conserve your funds just in case of unexpected accidents if you opt to follow this path.

Education in Madison, WI

It should come as no surprise that a bachelor’s degree is the most popular form of education for Madison residents; more than 27% of the population owns one. Another 18% have not yet gone past their high school education. These statistics might help explain why typical Madison auto insurance rates are so low – because providers often charge lower rates to drivers with advanced levels of education.

Obviously, the University of Wisconsin is one of the crown jewels in the Madison crown. This university is not only a strong performer amongst other Wisconsin schools, but also ranks in the top 10 nationwide amongst other universities. It enrolls over 41,000 students each term and offers scores of different graduate and undergraduate degrees. For those who aren’t looking to attend a large, public school, there is also Edgewood College. The Madison Area Technical College has an even larger student body than UW and offers practical degrees in computers, aviation, and cosmetology.

Car insurance is one of the most significant investment decisions you can possibly make as an automobile owner. You have to be sure to locate a genuine, dependable vendor which will follow through on their offers. A few car insurance providers are usually much better at this than the others, and performing a rigorous internet search can help you divide the favorable from the bad.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Wisconsin Office of the Commissioner of Insurance

Wisconsin Department of Financial Institutions

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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