It would sure be easy if we could simply give you the name of the one best company that has the best auto insurance prices in Wisconsin. That is not the case, however, as there are a whole slew of unknown factors like how high your deductibles should be, if you are married or single, and your date of birth, that all help calculate your car insurance rates. This article will detail the best ways to save money and will hopefully give you a solid foundation to find cheaper car insurance in Wisconsin.
The vehicle requiring insurance is one of the largest factors when comparing the best cheap coverage after a speeding ticket. Vehicles with limited top-end speed, advanced safety features, or a low likelihood of liability claims will cost substantially less to insure than high performance models.
The information below features auto insurance prices for a handful of the cheapest automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,528|
|Ford Fusion S 4-Dr Sedan||$1,640|
|Jeep Grand Cherokee Laredo 4WD||$1,648|
|Toyota RAV4 Sport 4WD||$1,640|
|Jeep Wrangler Sport 4WD 2-Dr||$1,656|
|Chevrolet Malibu LT||$1,671|
|Ford Edge Sport AWD||$1,729|
|Ford Escape Limited 4WD||$1,749|
|Hyundai Elantra SE Touring Station Wagon||$1,754|
|Kia Optima LX||$1,756|
|Honda Odyssey LX||$1,761|
|Chevrolet Impala LS||$1,776|
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Data rating is based on single female driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in your specific Madison, WI location which can raise or lower coverage prices noticeably.
Based on these rates, you can see that models like the Honda CR-V, Ford Fusion, and Jeep Grand Cherokee are most likely to be a few of the most economical vehicles to insure after a few driving violations.
Deciphering which insurers offer the cheapest car insurance rates after a speeding ticket takes a little more sweat than just quoting one company's rates.
Every insurance company uses different criteria for filing rates in each state, so we'll go over the car insurance companies that tend to have lower prices in Wisconsin. Keep in mind that Wisconsin car insurance rates are determined by lots of factors which can substantially decrease or increase the cost of a policy. Simply turning a year older, buying another vehicle, or getting a reckless driving citation can trigger changes in premium resulting in some rates now being affordable when they were higher priced.
Best Cheap Insurance Rates with Licence Points
|Rank||Company||Cost Per Year|
|7||Rural Mutual Insurance||$749|
|13||West Bend Mutual||$926|
|15||Auto Club Group||$968|
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USAA has some of the most affordable car insurance rates in Madison at around $586 annually. This is $575 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Nationwide also qualify as some of the lowest-priced Madison, WI car insurance companies.
In this example, if you currently have coverage with Nationwide and switched to Partners Mutual, you could earn savings of upwards of $137. Drivers with Rockford Mutual may save as much as $138 a year, and Rural Mutual Insurance policyholders might realize rate reductions of up to $141 a year.
Understand that those premiums are averages across all insureds and vehicles and do not take into consideration a specific location after a speeding ticket. So the company that is most affordable for your situation may not even be in the top 30 companies in the list above. That emphasizes why you need to compare rates from multiple companies using your own personal information and vehicle type.
Discount Madison insurance rates
Car insurance companies that offer quotes after a speeding ticket could also offer discounts that can reduce rates by 35% or more if you meet eligibility requirements. Companies and a partial list of their discounts are shown below.
- State Farm offers discounts including Drive Safe & Save, anti-theft, good student, defensive driving training, and multiple autos.
- GEICO includes discounts for five-year accident-free, multi-policy, federal employee, driver training, and defensive driver.
- SAFECO has discounts for teen safety rewards, safe driver, bundle discounts, teen safe driver, and anti-lock brakes.
- Farmers Insurance may include discounts for bundle discounts, business and professional, homeowner, electronic funds transfer, switch companies, and early shopping.
- AAA may offer discounts for good student, AAA membership discount, multi-policy, anti-theft, and good driver.
- USAA offers discounts for driver training, multi-policy, defensive driver, multi-vehicle, good student, family discount, and new vehicle.
The diagram below shows the comparison of premium costs with and without discounts applied to the premium. The premium estimates are based on a male driver, one violation and no at-fault accidents, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with paperless filing, paid-in-full, homeowner, passive restraint, multiple policy, and multiple vehicle discounts applied. When these discounts are applied, the average savings per year on car insurance after a speeding ticket is 28% or $304.
The chart below shows how choosing a deductible can affect premium costs when researching cheap insurance after a speeding ticket. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 50-year-old driver could reduce rates by $218 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $326 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old category, could shave as much as $728 each year by choosing a larger deductible amount. When choosing a higher deductible, it will be important to have enough savings to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
What aren't you shopping around?
Wisconsin car insurance rates are determined by lots of factors that may substantially change the policy price. Simply improving your credit, moving to a new city, or getting caught speeding can cause premium changes that may make certain companies affordable when they were higher priced. Not only that, but insurers change the rates they charge in Wisconsin multiple times each year to adjust for gains or losses. Larger than normal claims may result in more expensive prices, while a better claims history can cause lower-priced Madison car insurance rates.
The data below shows the cheapest car insurance in Madison, WI for a 35-year-old male driver with no accidents or violations, and a decent credit rating. If we estimate rates based on his personal profile, USAA has the cheapest car insurance rates in Madison at $675 per year. This is $486 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Rockford Mutual also make the list of the best Madison, WI auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a chargeable accident, a lower credit rating, and a couple of points charged on his driving record. Since each auto insurer has their own guidelines to set their prices, comparing prices may now show a slightly different list of cheap Madison auto insurance companies as shown below.
Western National now has the best car insurance rate in Madison with Rural Mutual Insurance, Integrity Mutual, Travelers, and Partners Mutual now rounding out the top five. This shows why consumers need to take the time to compare lots of rates when trying to get the cheapest auto insurance quotes after a speeding ticket.
Insurance prices are made up of many factors and can decrease or increase without notice, so the best price when you bought your policy may now not even be in the top five.