What Auto Insurance is Cheapest for Nurses in Madison?

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You have seen the catchy advertisements from auto insurance companies like Progressive, Allstate, and Liberty Mutual that guarantee dirt cheap rates. So you should just pick one at random, right?

It's not that simple, unfortunately, as there are a lot of unknown aspects such as what your desired deductibles are, whether or not you are currently insured, and if you own a home, that all help calculate your car insurance rates. We will attempt to cover some of these criteria and will hopefully give you a good start to your coverage search.

The type of vehicle requiring coverage is a large consideration when comparing quotes for low-cost insurance for nurses. Vehicles with high performance features, poor passenger safety features, or an increased likelihood of liability claims will cost much more to insure than safer models.

The next table ranks auto insurance rates for the cheaper vehicles to insure in Wisconsin.

Cheapest Vehicles to Insure in Madison, WI
Vehicle Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $1,105
Honda Accord LX-P 4-Dr Sedan $1,114
Chevrolet Impala LT $1,136
Ford F-150 Lariat Crew Cab 4WD $1,158
Honda CR-V EX-L 4WD $1,212
Ford Edge SE 2WD $1,218
Ford Escape Limited 2WD $1,212
Toyota Corolla XRS $1,218
Toyota Prius $1,220
Dodge Grand Caravan SE $1,236
GMC Sierra 3500HD SLT Extended Cab 2WD $1,240
Honda Odyssey EX W/Rear Entertainment $1,278
Hyundai Sonata SE 4-Dr Sedan $1,281
Toyota RAV4 Sport 4WD $1,303
Chevrolet Malibu LT $1,327
Toyota Tacoma X-Runner 2WD $1,372
Toyota Camry SE $1,377
Chevrolet Equinox LS 2WD $1,396
Chevrolet Silverado LS Extended Cab 4WD $1,405
Chevrolet Silverado 2500HD LT Crew Cab 4WD $1,396
GMC Sierra SLT Crew Cab 2WD $1,403
Kia Optima LX $1,399
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,412
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in vehicle garaging location which can raise or lower prices considerably.

Looking at the rates, you can see that cars like the Hyundai Elantra, Honda Accord, Chevrolet Impala, Ford F-150, and Honda CR-V will definitely be some of the most economical vehicles to insure for health professionals.

For health professionals, one of the more important factors that determine car insurance rates is where you live. More densely populated places tend to have higher auto insurance costs, whereas less populated areas benefit from lower coverage costs.

The next table ranks the most costly cities in Wisconsin for nurses to buy auto insurance in. Madison is listed at #10 with a yearly premium of $1,072 for the average policy, which is approximately $89 per month.

How much does car insurance cost in Madison, WI?
Rank City Annual Rate
1 Milwaukee $1,354
2 Wauwatosa $1,345
3 West Allis $1,246
4 Kenosha $1,218
5 Racine $1,217
6 Greenfield $1,168
7 Franklin $1,163
8 Oak Creek $1,154
9 Beloit $1,130
10 Madison $1,072
11 Wausau $1,069
12 Menomonee Falls $1,068
13 La Crosse $1,064
14 Eau Claire $1,059
15 New Berlin $1,049
16 Janesville $1,042
17 Brookfield $1,035
18 Waukesha $1,023
19 Oshkosh $989
20 West Bend $987
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Table data uses comparative as the specific zip code location can raise or lower coverage rates noticeably.

Cost of full coverage in Madison

Finding the cheapest auto insurance is important to most people, and an easy way to pay lower rates for insurance for nurses is to not buy comprehensive and collision coverage. The information below shows the comparison of insurance rates with and without physical damage coverage. The data assumes no claims or driving violations, $100 deductibles, drivers are single, and no other discounts are factored in.

If we average the cost for ages 20 through 70, full coverage on your policy costs $1,327 per year over liability only. That touches on the question if buying full coverage is a waste of money. There is no clear-cut rule to stop buying physical damage coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let's assume your vehicle's settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If you are paying over $600 a year for full coverage, then it could be time to drop full coverage.

There are a few cases where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Insuring your vehicle with the top insurance provider is difficult considering how many different companies sell coverage in Wisconsin. The information shown below could help you decide which car insurance providers to look at when comparing rate quotes. The rankings below are for companies that insure vehicles across America, so smaller regional companies are not included in these rankings.

Top Auto Insurance Companies for Nurses 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
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

How to find more affordable car insurance for nurses

The list below summarizes many thrifty solutions that can help you quote lower-cost auto insurance.

The final tip is particularly important, as was affirmed in this article. Car insurance prices in Madison fluctuate constantly, so drivers shouldn't be reluctant to switch carriers if a lower price can be found.

Loyalty to a specific company is fine, but it's not recommended if that faithfulness ends up costing you several hundred dollars every year. Spend a few minutes and compare rates to find cheaper car insurance for nurses.

If you have questions and prefer to get some guidance when buying car insurance for nurses, the insurance agencies below can help you determine which policy fits your needs best.

To locate an agency close to where you live, click the button following the list or click here to compare rates now.

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

Dawn Goplin - State Farm Insurance Agent
515 Junction Rd #2400 - Madison, WI 53717 - (608) 662-9900

Independent Insurance Services Inc.
2960 Triverton Pike Dr Suite 101 - Madison, WI 53711 - (608) 273-3325

Spectrum Insurance Group - Madison
525 Junction Rd #8505 - Madison, WI 53717 - (608) 204-7055

GEICO Insurance Agent
2001 W Beltline Hwy Suite 100 - Madison, WI 53713 - (608) 242-9322

View map of Madison, WI insurance agents