Who Has Affordable Auto Insurance for Teenage Males in Madison?

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The words "bargain" and "insurance" really don't belong together, especially when searching for the best car insurance for teenage males. Let's learn about some of the things that impact car insurance prices, and figure out some ways to shave a little off the next policy you buy.

Trying to find reasonably-priced insurance is easier said than done, and determining which company quotes the lowest-priced auto insurance rates for teenage males involves more quotes for comparison.

Each insurance company uses different criteria for setting rates, so let's take a look at the auto insurance companies that tend to be cheaper in Madison. It's a good idea to be aware that Madison auto insurance rates are impacted by many factors that may substantially change the price you have to pay for coverage. Simply having a birthday, getting divorced, or getting a couple of tickets may generate price changes resulting in some rates now being more expensive than competitors.

Best Auto Insurance Prices for Teens

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What's the cheapest car insurance in Wisconsin?
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $626
3 Erie $717
4 Rockford Mutual $732
5 Pekin Insurance $745
6 Rural Mutual Insurance $749
7 Nationwide $752
8 Western National $769
9 Integrity Mutual $770
10 Travelers $828
11 State Farm $923
12 West Bend Mutual $926
13 The Hartford $940
14 General Casualty $954
15 Auto Club Group $977
16 Auto-Owners $1,126
17 Farmers $1,130
18 Progressive $1,152
19 American Family $1,159
20 GEICO $1,226
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USAA has some of the lowest car insurance rates in Madison at around $580 a year. This is $581 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance also make the cut as some of the cheapest Madison, WI car insurance companies.

As the example above demonstrates, if you currently have a policy with Rockford Mutual and switched to USAA, you could realize a yearly price reduction of approximately $152. Wisconsin drivers with Pekin Insurance might save as much as $165 a year, and Rural Mutual Insurance insureds might realize rate reductions of up to $169 a year.

Understand that those policy rates are averages for all ages of drivers and types of vehicles and and are not figured with an exact zip code location for teenage males. So the car insurance company that fits your age and vehicle best may not even be in the top 30 companies in the list above. That is why you need to get rate quotes from many companies using your own driver data and vehicle information.

One of the more important things that aid in calculating auto insurance rates is where you keep your vehicle in Madison. Cities with larger populations tend to pay more, whereas areas with less congestion can boast about having cheaper rates.

The following table shows the priciest cities in Wisconsin for teenage males to purchase auto insurance in. Madison comes in at #17 with an annual premium of $1,030 for car insurance, which is around $86 monthly.

Car insurance prices in Madison
Rank City Premium Per Year
1 Milwaukee $1,410
2 Wauwatosa $1,345
3 Kenosha $1,230
4 West Allis $1,210
5 Racine $1,193
6 Oak Creek $1,166
7 Greenfield $1,156
8 Beloit $1,152
9 Franklin $1,129
10 Eau Claire $1,081
11 Brookfield $1,067
12 Waukesha $1,054
13 New Berlin $1,049
14 Janesville $1,042
15 Wausau $1,037
16 La Crosse $1,033
17 Madison $1,030
18 Menomonee Falls $1,026
19 West Bend $1,017
20 Manitowoc $997
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Premium amounts are approximated as the specific zip code location can lower or raise rates greatly.

The vehicle model that needs insurance is probably the biggest factor that determines whether or not you find the best auto insurance for teenage males. Vehicles with average performance, a plethora of safety features, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models. The information below shows insurance rates for a number of the most economical automobiles to buy insurance for.

Cheapest Vehicles to Insure in Madison, WI
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 4WD $3,724
Honda CR-V EX-L 4WD $3,763
Toyota Prius $4,046
Ford F-150 XLT Regular Cab 4WD $4,176
Jeep Wrangler Sahara 4WD 2-Dr $4,181
Dodge Grand Caravan SE $4,176
Honda Odyssey EX W/Rear Entertainment $4,382
Chevrolet Impala LS $4,388
Ford Edge SEL 2WD $4,382
Ford Focus SE 4-Dr Sedan $4,387
Toyota Camry LE $4,421
Chevrolet Equinox LT AWD $4,428
Chevrolet Malibu Hybrid $4,421
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Prices based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific location which can decrease or increase auto insurance rates considerably.

Based on these rates, we can infer that cars like the Ford Escape, Honda CR-V, Toyota Prius, and Ford F-150 will definitely be a few of the cheapest vehicles to insure for teen boys. The price for car insurance will be higher anyway because of the fact that there is more risk for teenage males, but overall those particular models will tend to have the lowest prices compared to other vehicles.

Selecting a high-quality car insurance company can be challenging considering how many different companies there are to choose from in Madison. The information in the lists below can help you select which car insurance companies to look at buying from. These ratings are only made up of companies that insure vehicles nationwide, so companies that may only write in Wisconsin are not factored into the list.

Best Ten Auto Insurance Companies for Teenage Males in Wisconsin
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
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Data Source: Insure.com Best Car Insurance Companies

Impact of careless driving on Madison auto insurance rates

The easiest way to enjoy good auto insurance premiums for teen boys is to drive cautiously and maintain a clean driving record. The chart below highlights how speeding tickets and accidents can impact auto insurance costs for different age groups of insureds. Data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

In the prior example, the average cost of a car insurance policy in Madison per year with no accidents and a clean driving record is $934. Receive two speeding tickets and the average cost swells to $1,279, an increase of $346 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of auto insurance for teenage males goes up to an average of $1,629. That's an increase of $695, or $58 per month, just for not driving safely!

A good deal can quickly turn bad

Wisconsin auto insurance rates are influenced by many factors which can significantly increase or decrease the price you have to pay for coverage. Getting older, buying a new vehicle, or having a fender bender can trigger changes in premium that may make certain companies much cheaper than others.

In addition, insurance companies file new Wisconsin car insurance rates every year to adjust for gains or losses. An extended period of higher than normal claims can cause higher rates, while profitable underwriting may result in lower-cost Madison car insurance rates.

The bar chart below compares the cheapest car insurance in Madison, WI for a 45-year-old male driver with no violations or accidents, and a good credit history. Based on his personal profile, USAA might offer the most affordable car insurance rates in Madison at $654 a year. This is $507 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Rockford Mutual are the rest of the most affordable Madison, WI auto insurance companies.

In this next rate comparison, we will give the driver from above a couple of claims, a little lower credit rating, and a traffic ticket or two. Because each insurer uses a different method for determining prices, comparing prices may now present a different list of cheap Madison auto insurance companies as shown below.

Western National now has the cheapest car insurance in Madison, WI with Rural Mutual Insurance, Integrity Mutual, Travelers, and Partners Mutual also having competitive pricing. This demonstrates why it is critical to compare as many rates as possible when trying to find the most budget-friendly auto insurance rates for teenage males. Insurance rates are influenced by many factors and can increase or decrease at any time, so the most affordable company when you bought your policy may now be wasting a lot of money.