How Much is Auto Insurance for Drivers with a Bad Driving Record in Madison?

The words “low-priced” and “insurance” probably shouldn’t be used together, specifically when you are trying to find the cheapest coverage for drivers with a bad driving record. Let’s open your eyes to some of the things that impact insurance premiums, and figure out some ways to take the bite out of your next policy.

The car, truck, or SUV that needs insurance is a large consideration that determines if you can find the best cheap coverage for drivers with a bad driving record. Vehicles with reasonable performance levels, good crash test ratings, or a positive history of liability claims will cost substantially less to insure than high performance models.

The information below estimates coverage premiums for the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Madison, WI
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $3,291
Honda CR-V EX 2WD $3,296
Honda Accord EX-L 4-Dr Sedan $3,651
Toyota Prius $3,696
Ford F-150 XLT Crew Cab 2WD $3,720
Jeep Wrangler Rubicon 4WD 2-Dr $3,730
Chevrolet Impala LS $3,861
Ford Edge SE AWD $3,871
Ford Explorer Eddie Bauer 2WD $3,881
Toyota Tacoma Double Cab 4WD $3,898
Ford Focus S 4-Dr Sedan $4,013
Toyota RAV4 Limited 2WD $4,019
Chevrolet Equinox LS 2WD $4,029
Volkswagen Jetta LE 4-Dr Sedan $4,019
Chevrolet Malibu Hybrid $4,058
Chevrolet Silverado LS Extended Cab 4WD $4,063
Hyundai Elantra SE 4-Dr Sedan $4,076
Honda Odyssey EX-L $4,084
Dodge Grand Caravan Crew $4,104
Honda Civic VP 4-Dr Sedan $4,164
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Premium data assumes single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in specific zip code location which can increase or decrease premiums considerably.

Based on these rates, we can presume that makes and models like the Ford Escape, Honda CR-V, Honda Accord, and Toyota Prius are most likely to be a few of the most budget-friendly vehicles to insure for bad drivers. The cost of a car insurance policy will be more costly because there is more claim risk for drivers with a bad driving record, but overall those particular models will most likely have the cheapest car insurance rates available.

Determining which company offers the cheapest car insurance rates for drivers with a bad driving record will take a little more sweat in order to find coverage that fits your budget.

Every auto insurer has a different formula for setting prices, so we’ll take a look at the car insurance companies that tend to have lower prices in Madison. It’s a good idea to be aware that Madison, WI car insurance rates are influenced by many factors which can significantly increase or decrease the price of coverage. Simply improving your credit, filing a claim, or getting a ticket for careless driving can trigger changes in premium resulting in some companies being cheaper than others.

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Rankings for the cheapest Wisconsin auto insurance companies
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $608
3 Erie $717
4 Rockford Mutual $732
5 Nationwide $745
6 Rural Mutual Insurance $756
7 Pekin Insurance $768
8 Integrity Mutual $770
9 Western National $793
10 Travelers $796
11 West Bend Mutual $917
12 The Hartford $922
13 State Farm $923
14 General Casualty $926
15 Auto Club Group $939
16 American Family $1,125
17 Progressive $1,130
18 Auto-Owners $1,160
19 Farmers $1,165
20 GEICO $1,190
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USAA quotes some of the best car insurance rates in Madison at around $580 annually. Partners Mutual, Erie, Rockford Mutual, and Nationwide also rank well as some of the cheaper Madison, WI car insurance companies.

As illustrated above, if you buy coverage from Partners Mutual and switched to USAA, you could see savings of about $28. Drivers with Erie might save as much as $137 a year, and Rockford Mutual customers might cut rates by $152 a year.

To discover how much you can save, click here to start your free quote or quote rates from the companies below.

It’s important to note that these policy prices are averages for all drivers and vehicles and do not factor in an exact zip code location for drivers with a bad driving record. So the company that has the lowest price for you may not even be in the list above. That helps illustrate why you need to get rate quotes using your own personalized driver profile and vehicle information.

Ending up with a high-quality auto insurance company can be rather challenging considering how many choices you have in Wisconsin. The ranking information below could help you choose which coverage providers to look at comparing rates from. These ratings include major nationwide insurance companies, so smaller regional companies are not factored into these rankings.

Top 10 Major Auto Insurers in Madison Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. AAA Insurance
  7. Safeco Insurance
  8. GEICO
  9. Esurance
  10. The General

Top 10 Major Auto Insurers in Madison Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Erie Insurance – A+
  9. Progressive – A+
  10. Allstate – A+

The chart below illustrates how your choice of deductibles can influence insurance premiums when searching for cheap insurance for drivers with a bad driving record. Data assumes a single female driver, full physical damage coverage, and no discounts are applied to the premium.

As shown above, a 50-year-old driver could lower their car insurance rates by $246 a year by increasing from a $100 deductible to a $500 deductible, or save $370 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could lower their rates as much as $632 annually by selecting a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it will be necessary to have plenty of savings on hand to be able to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Liability rates compared to full coverage

Lowering the price of car insurance is probably important to the majority of people, and one great way to save on the cost of insurance for drivers with a bad driving record is to not pay for full coverage. The chart below illustrates the difference between auto insurance rates with liability coverage only compared to full coverage. The data is based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no other discounts are factored in.

If all age groups are averaged, full coverage on your policy costs an extra $1,217 per year more than just insuring for liability. Many drivers may wonder if buying full coverage is worth the expense. There is no definitive rule of when to drop full coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.