The Cheapest Car Insurance Quotes In Madison, WI For 2024

In Madison, Erie is famous for providing the cheapest choice, typically priced at around $25 per month.

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Written by Bob Phillips
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If you’re on the hunt for inexpensive car insurance in Madison, WI, you’ve got several options to explore. Among these, Erie catches the eye with its competitive rates. Typically, folks in Madison dish out about $25 monthly for Erie’s car insurance, which is quite a bit cheaper compared to the state average of $118.

If you’re after the cheapest liability-only coverage, Erie is your go-to choice. But if you need broader protection, Erie still comes recommended, offering full coverage plans for around $100 each month. And if you’re a young driver, GEICO shines as the top pick, with rates starting at just $55 monthly.

Cheapest Car Insurance Companies In Madison, WI

Our Methodology

After checking out how customers rate the service, what products are on offer, the prices, and going through online reviews and feedback thoroughly, I've got a good grasp of what the auto insurance scene looks like in Madison, Wisconsin.

This understanding comes from my 15 years of working in the industry as a licensed insurance agent. During this time, I've talked to many reps from insurance companies and gained valuable knowledge from hands-on experience.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Madison, WI?

Erie offers the cheapest car insurance in Madison, Wisconsin, coming in at $102 per month. But when you look at the rates for Wisconsin and the whole country, shown in the table, you’ll see there’s a significant difference in how affordable it is.

Area Average Monthly Rate
National $152
Wisconsin $118
Madison, WI $102

Understanding the national average insurance cost involves considering different states with their own price ranges. This includes states such as New York, New Jersey, and California, which have high premiums, as well as states like Mississippi, Kentucky, and Wyoming, where costs are more affordable. Many factors affect insurance rates, including the type of vehicle you have, the level of coverage you want, where you live, your driving history, and other variables. As a result, the rates you’re quoted can vary significantly based on your location and personal circumstances, including your driving record. Therefore, the rates you’re offered can vary greatly depending on where you live and your individual situation.

Cheapest Car Insurance Rates In Madison For Teenagers

Young drivers in Madison have the opportunity to get reasonably priced car insurance quotes through Nationwide. On average, they might expect to pay around $85 each month to ensure their vehicles.

Provider Average Monthly Cost Average Annual Cost
State Farm $120 $1,438
Nationwide $85 $1,018
Auto-Owners $147 $1,762
Allstate $160 $1,918
Farmers $162 $1,942

Auto insurance tends to be pricier for teenagers because they haven’t had much time behind the wheel. Insurers view them as higher risk due to their increased chances of accidents or violating traffic laws.

Cheapest Car Insurance Rates In Madison For Minimum Coverage

In Madison, Erie provides the cheapest car insurance for basic coverage, usually around $25 per month.

Provider Average Monthly Cost Average Annual Cost
Progressive $32 $382
GEICO $30 $358
Chubb $40 $478
Erie $25 $298
Allstate $52 $622

A basic car insurance policy should have, at minimum, these particular types of coverage:

  • $25,000 for bodily injury per person
  • $50,000 for bodily injury per accident
  • $10,000 for property damage per accident

Choosing basic car insurance provides limited protection while driving but doesn’t include coverage for collisions, theft, or natural disasters. This implies that if there’s an accident or your car gets stolen or damaged due to natural causes, your insurance won’t cover the costs.

Additionally, driving without insurance is against the law in Wisconsin. If you’re pulled over by the police and can’t show proof of insurance, you could face penalties like fines, losing your license, or even harsher repercussions.

Cheapest Car Insurance Rates In Madison For Seniors

GEICO provides affordable car insurance specifically designed for older folks residing in Madison. The typical monthly rates are about $45, making it an economical choice for seniors.

Provider Average Monthly Cost Average Annual Cost
Chubb $68 $778
Acuity $72 $862
Farmers $75 $898
GEICO $45 $538
Erie $60 $718

In Wisconsin, older folks often get good deals on car insurance for a couple of reasons that work in their favor. Even though age usually affects insurance prices, it’s worth mentioning that just being older doesn’t mean you’re automatically a riskier driver.

Cheapest Car Insurance Rates In Madison For Full Coverage

Erie provides excellent discounts for comprehensive car insurance in Madison, with typical monthly costs averaging around $100.

Provider Average Monthly Cost Average Annual Cost
Allstate $192 $2,302
GEICO $135 $1,618
State Farm $120 $1,438
Progressive $153 $1,834
Erie $100 $1,198

Full coverage auto insurance offers broad protection beyond what’s legally required. It typically includes both comprehensive and collision coverage.

Comprehensive coverage protects against events such as theft, vandalism, or natural disasters that don’t involve crashes. Meanwhile, collision coverage covers the costs of repairing your car after accidents, regardless of who’s at fault.

Cheapest Car Insurance Rates In Madison For Good Drivers

Erie provides cheap car insurance estimates for careful drivers living in Madison, usually around $25 each month.

Provider Average Monthly Cost Average Annual Cost
Progressive $32 $382
GEICO $30 $358
Chubb $40 $478
Erie $25 $298
Allstate $52 $622

In Madison, having a clean driving record usually means you’ll pay less for car insurance. Insurance companies review these records to gauge your driving habits and safety level. Having fewer accidents or traffic violations indicates you’re a cautious driver, lowering the likelihood of you filing a claim.

Insurance costs are based on the probability of you making a claim. A flawless driving history suggests minimal risk, resulting in significant savings on insurance premiums. It boils down to assessing risk: the better your record, the lower the risk you present, leading to cheaper insurance rates.

Cheapest Car Insurance Rates In Madison For Drivers With Prior Incidents

In Madison, folks who’ve had accidents, sped, or driven while under the influence, and have a record of traffic violations, may find it tough to snag affordable car insurance. Insurance companies view them as high-risk drivers because of these behaviors, which increases the chances of future claims. Consequently, to offset potential expenses, insurance companies hike up their rates for such drivers.

Cheapest Car Insurance Rates In Madison For Drivers With A Speeding Ticket

Erie stands out for its affordability compared to other choices, typically requiring monthly payments of about $100, which makes it quite a bargain in the realm of insurance.

Provider Average Monthly Cost Average Annual Cost
American Family $144 $1,726
Acuity $164 $1,966
Allstate $220 $2,638
State Farm $125 $1,498
Erie $100 $1,198

Cheapest Car Insurance Rates In Madison For Drivers With An At-Fault Accident

Drivers who’ve been in accidents can find affordable car insurance with Erie, where the average monthly rate is about $125.

Provider Average Monthly Cost Average Annual Cost
GEICO $275 $3,298
Acuity $210 $2,518
Allstate $290 $3,478
American Family $180 $2,158
Erie $125 $1,498

Cheapest Car Insurance Rates In Madison For Drivers After A DUI

Erie stands out as the top choice for people with DUI histories, offering the most affordable insurance prices. Typically, folks in Madison shell out around $144 monthly for their insurance with Erie.

Provider Average Monthly Cost Average Annual Cost
Erie $144 $1,726
GEICO $269 $3,286
Progressive $180 $2,158
American Family $200 $2,398
State Farm $210 $2,518

Cheapest Car Insurance Rates In Madison For Young Adults

GEICO offers the cheapest car insurance rates for young adults living in Madison. Typically, it costs about $55 per month.

Provider Average Monthly Cost Average Annual Cost
Chubb $110 $1,318
Kemper $150 $1,798
Allstate $100 $1,198
GEICO $55 $658
Western National $169 $2,026

In Wisconsin, car insurance tends to cost less for young adults than for teenagers. This is because older folks usually drive more carefully over time, leading to fewer accidents. Stats show that young adults file fewer insurance claims, showing they’re less likely to get into accidents. So, insurance companies give lower premiums to young adults, acknowledging their safer driving habits and lower chance of making claims.

 

Best Car Insurance Companies In Madison

In Madison, choosing the right car insurance isn’t just about snagging a low price. It’s crucial to find a company that balances affordable rates with dependable coverage for your drives. Here are the top 10 car insurance providers in Madison, Wisconsin, sorted by their typical monthly costs.

Company Monthly Premium
Partners Mutual $72
SECURA $92
USAA $73
West Bend Mutual $110
Hastings Mutual $100
State Farm $105
Safeco $74
Clearcover $72
Auto-Owners $105
Erie $106

Average Car Insurance Rates By Age In Madison

Age Average Yearly Rate
Teenagers $2,012
20s $1,558
30s $960
40s $958
50s $1,100
60s $960
70s $900

Your age plays a big role in how much you pay for car insurance. If you’re younger, like a teenager or in your early twenties, you usually have to pay more because you’re seen as more likely to get into accidents or break traffic rules since you haven’t been driving for long. But once you hit 25 and have a good driving record, your rates usually go down.

The best deals on insurance often go to people in their fifties and early sixties. Insurance companies look at your age to figure out how much driving experience you have and how likely you are to have accidents, and they adjust your premiums based on that.

Average Car Insurance Rates By Vehicle Type In Madison

Vehicle Average Monthly Rate
Acura RDX $56
GMC Sierra $52
Chevrolet Malibu $108
Dodge Dart $190
Ford Explorer $152

The type of vehicle you have significantly influences your car insurance rates. Insurance companies take into account factors such as the make, model, year, and body type of your vehicle. Typically, newer and more luxurious cars equipped with advanced technology and higher replacement costs tend to have higher insurance premiums.

Conversely, older or less expensive cars that are easier and cheaper to repair or replace often come with lower insurance costs. Insurers consider these factors because they impact the potential payout for claims – repairing a luxury vehicle typically incurs greater expenses compared to a standard vehicle. Moreover, vehicles known for their safety features may qualify for insurance discounts since they have lower chances of being involved in accidents or causing injuries.

 

How Much Is Car Insurance For Other Cities In Wisconsin?

City Average Monthly Rate
Marshfield $80
Milwaukee $162
Oshkosh $95
Racine $119
Appleton $97
Brookfield $113
Eau Claire $90
Green Bay $90
Janesville $98
Kenosha $123

The place you call home can affect how much you pay for car insurance. Insurance companies look at things like how often accidents happen, how many cars get stolen, and how much vandalism occurs nearby. Generally, if you live in a city, you’re likely to face higher risks, which means you’ll probably pay more for insurance.

FAQs

Who has the lowest car insurance rates in Madison?

Erie offers the cheapest auto insurance prices in Madison, fulfilling Wisconsin’s minimum coverage needs. Plus, they provide the best deals for comprehensive insurance, covering both comprehensive and collision aspects.

What is the average cost of car insurance in Madison?

Typically, car insurance in Madison runs about $102 each month. But the actual price you’ll shell out can fluctuate depending on where you live, what kind of car you drive, how old it is, your driving history, and other factors.

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