Who Has Affordable Auto Insurance Rates for Uninsured Drivers in Madison?

For drivers with no prior coverage, one of the largest things that are looked at to determine insurance cost is where you live in Madison. More densely populated places tend to have higher auto insurance costs, whereas more rural areas tend to receive slightly lower rates.

The table below lists the most expensive areas in Wisconsin for uninsured drivers to buy car insurance in. Madison is ranked #12 having an annual price of $1,062 on average, which is about $89 monthly.

Car insurance prices in Madison
Rank City Premium Per Year
1 Milwaukee $1,410
2 Wauwatosa $1,305
3 West Allis $1,198
4 Racine $1,193
5 Greenfield $1,192
6 Kenosha $1,182
7 Oak Creek $1,166
8 Beloit $1,152
9 Franklin $1,151
10 Wausau $1,069
11 Waukesha $1,065
12 Madison $1,062
13 Menomonee Falls $1,057
14 La Crosse $1,053
15 Eau Claire $1,049
16 Brookfield $1,045
17 Janesville $1,042
18 New Berlin $1,029
19 West Bend $1,007
20 Oshkosh $989
21 Appleton $964
22 Green Bay $960
23 Manitowoc $957
24 Fond du Lac $956
25 Sheboygan $935
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Information shown are comparative as vehicle location can affect coverage prices significantly.

Figuring out which companies offer the cheapest car insurance rates for uninsured drivers will take more time in order to find the lowest price quote.

Each auto insurer has their own process for determining rates in each state, so we’ll go over the most competitive car insurance companies in Madison. It’s important that you understand Madison car insurance rates are calculated based on many things which can substantially change the cost of your policy. Simply turning a year older, adding a teenager to your policy, or getting into an accident can trigger rate changes that can make some companies cheaper than competitors.

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Wisconsin auto insurance company rankings
Rank Company Cost Per Year
1 USAA $604
2 Partners Mutual $632
3 Erie $717
4 Rockford Mutual $746
5 Nationwide $752
6 Pekin Insurance $752
7 Rural Mutual Insurance $779
8 Integrity Mutual $794
9 Travelers $796
10 Western National $801
11 State Farm $905
12 West Bend Mutual $917
13 The Hartford $922
14 Auto Club Group $939
15 General Casualty $964
16 Auto-Owners $1,114
17 Farmers $1,130
18 American Family $1,137
19 Progressive $1,164
20 GEICO $1,226
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USAA may offer some of the cheapest car insurance rates in Madison at around $604 each year. This is $557 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide also rank well as some of the lowest-priced Madison, WI auto insurance companies.

In the rate table above, if you are a policyholder with Rockford Mutual and switched to Partners Mutual, you could earn yearly savings of in the vicinity of $114. Policyholders with Nationwide could save as much as $120 a year, and Pekin Insurance insureds might see rate reductions of $120 a year.

If you would like to find cheaper car insurance rates, click here to get quotes or feel free to get quotes from the companies below.

Be aware that those policy prices are averages across all drivers and vehicles in Wisconsin and do not factor in an exact vehicle garaging location for uninsured drivers. So the car insurance company that is best for you may not even be in the top 30 companies in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

Does it make sense to buy full coverage?

Saving on car insurance should be important to the majority of drivers, and one of the fastest ways to lower the cost of insurance for uninsured drivers is to not buy full coverage. The chart below visualizes the comparison of auto insurance costs with liability coverage only compared to full coverage. The data is based on no claims, a clean driving record, $250 deductibles, marital status is single, and no policy discounts are applied.

As an average for all age groups, full coverage on your policy costs $1,217 per year more than just buying liability insurance. At some point, almost every driver questions if physical damage coverage is worth the money. There is no set guideline to exclude physical damage coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

There are some cases where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Responsible drivers pay cheaper Madison car insurance rates

The obvious way to score cheap car insurance rates in Wisconsin for drivers with no prior coverage is to be a good driver and maintain a clean driving record. The example below demonstrates how speeding tickets and accidents impact insurance prices for different age groups of insureds. The premiums assume a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

The chart shows that the average cost of a car insurance policy in Madison per year with a clean driving record and no accidents is $1,253. Get written up for one speeding ticket and the average cost surges to $1,422, an increase of $169 each year. Now get one accident along with the one speeding ticket and the 12-month cost of car insurance for uninsured drivers increases to an average of $1,887. That’s an increase of $634, or $53 per month, just for not driving safely!

Don’t stick with an overpriced policy

Madison car insurance rates are calculated based on many things which can substantially change your annual premium. Improving your credit score, increasing liability limits, or getting a few speeding tickets can trigger price changes that can now make some companies more affordable than others.

In addition to those changes, companies change their prices every year in order to offset underwriting gains or losses. An unexpected high level of claims may result in high rates, while profitable underwriting may result in cheaper Madison car insurance rates.

The data below shows rates for the cheapest car insurance in Madison, WI for a 35-year-old female driver with a clean driving record, no accidents, and good financial standing. If we look at prices based on her current risk profile, USAA may offer the best car insurance rates in Madison at $635 per year. This is $526 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual also make the list of the best Madison, WI auto insurance companies.

The chart below compares rates after we give the driver from the first set of rates an accident claim, bad credit, and a couple of points charged on her driving record. Since every insurance provider has a different process for setting rates, getting updated rate quotes could now result in a different ranking of the cheapest Madison car insurance companies as shown below.

Pekin Insurance now has the cheapest rate in Madison with Rural Mutual Insurance, Western National, Travelers, and Partners Mutual now rounding out the top five. This example illustrates why it is crucial to spend some time comparing rates when trying to find the lowest insurance rates for uninsured drivers.

Auto insurance prices can be altered by many risk factors and can decrease or increase without notice, so the cheapest option the last time you shopped around may now not even be in the top five.

Ideas for finding budget-friendly insurance for uninsured drivers

Below you’ll find some of the recommended penny-pinching solutions that can help you find lower-cost car insurance.

The last item on the list is particularly significant, as we stressed in this write-up. Car insurance prices can change considerably in a year, so drivers shouldn’t be reluctant to switch companies if you can save money.

Brand loyalty is great, but it’s not recommended if that stubbornness costs you potentially thousands of dollars a year. It only take a few minutes to compare rates to find cheaper insurance for uninsured drivers in Madison.

If you like to get help from a professional when buying car insurance for drivers with no prior coverage, the insurance agencies listed below can aid you in deciding which coverages you need. To find an agent nearest to you, click the link at the bottom.

Wisconsin Insurance Security Fund
2820 Walton Cmns W # 135Madison, WI 53718(608) 242-9473

Kevin Lease – State Farm Insurance Agent
7941 Tree Ln #205Madison, WI 53717(608) 824-9950

Dairyland Auto Insurance
1800 Deming WayMadison, WI 53717(608) 836-3000

Neckerman Insurance Services
6200 Mineral Point RdMadison, WI 53705(608) 238-2686

View more Madison, WI insurance agencies