What Car Insurance is Cheapest for Handicapped Drivers in Madison?

The make and model of vehicle driven is probably the most important factor when looking for cheaper auto insurance for handicapped drivers. Vehicles with average performance, excellent safety ratings, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models. The table below shows auto insurance premiums for a number of the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure in Madison, WI
Make, Model, and Trim Level Estimated Cost for Full Coverage
Jeep Wrangler Sport 4WD 2-Dr $1,079
Toyota Prius $1,153
Ford F-150 STX Regular Cab 4WD $1,167
Honda CR-V EX 2WD $1,192
Ford Escape XLT 4WD $1,220
Toyota Tacoma Double Cab 4WD $1,229
Chevrolet Malibu LT $1,255
Honda Odyssey LX $1,310
GMC Sierra 2500HD SLE Regular Cab 4WD $1,320
Dodge Ram Quad Cab SLT 2WD $1,345
Chevrolet Impala LS $1,385
Ford Focus SES 2-Dr Coupe $1,391
Hyundai Elantra SE Touring Station Wagon $1,387
Kia Optima EX $1,410
Toyota Camry Hybrid $1,420
Jeep Grand Cherokee Laredo 2WD $1,412
Volkswagen Jetta LE 4-Dr Sedan $1,420
Ford Explorer Limited AWD $1,438
Dodge Grand Caravan Crew $1,443
Ford F-350 XL Super Cab 2WD $1,463
Ford Edge Limited 2WD $1,477
Chevrolet Equinox LT AWD $1,510
GMC Sierra SLE Crew Cab 2WD $1,517
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in your specific Madison, WI location which can raise or lower coverage prices greatly.

Based on these rates, we can conclude that makes and models like the Jeep Wrangler, Toyota Prius, and Ford F-150 are most likely to be some of the more affordable vehicles to insure for drivers with handicaps.

Finding out which companies offer the cheapest insurance rates for handicapped drivers requires a little more effort than just getting one or two price quotes. Each insurance company has a different process to establish rates, so let’s examine the overall cheapest insurance companies in Madison, WI.

Best Car Insurance Prices in Wisconsin

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Cheapest Wisconsin auto insurance companies
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $608
3 Erie $724
4 Pekin Insurance $745
5 Nationwide $752
6 Rockford Mutual $754
7 Rural Mutual Insurance $772
8 Western National $777
9 Integrity Mutual $794
10 Travelers $820
11 West Bend Mutual $890
12 State Farm $896
13 The Hartford $922
14 General Casualty $964
15 Auto Club Group $977
16 American Family $1,125
17 Progressive $1,130
18 Auto-Owners $1,160
19 Farmers $1,165
20 GEICO $1,226
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USAA may offer some of the lowest car insurance rates in Madison at around $580 a year. Partners Mutual, Erie, Pekin Insurance, and Nationwide also are some of the more affordable Madison, WI auto insurance companies.

As shown in the rates above, if you buy coverage from Pekin Insurance and switched to USAA, you could realize yearly savings of around $165. Policyholders with Nationwide might save as much as $172 a year, and Rockford Mutual customers might lower prices by $174 a year.

Remember that these prices are averaged across all ages of drivers and types of vehicles and and are not figured with an exact zip code location for handicapped drivers. So the company that can offer you the best price may not even be in the top 30 companies in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

Difference between liability only and full coverage rates

Lowering the price of insurance is important to most people, and a great way to pay lower rates for insurance for handicapped drivers is to only buy liability insurance. The information below shows the difference between insurance premiums with and without physical damage coverage. The costs are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.

If averaged out across all ages, physical damage insurance costs $1,327 per year over and above liability coverage. That raises the question if buying full coverage is worth the expense. There is no exact formula that works best for making the decision to drop full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s replacement cost is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $9,500 after the deductible is paid. If you are paying more than $950 annually to have full coverage, then you might consider buying liability only.

There are some circumstances where dropping physical damage coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Best insurance company in Madison

Selecting a highly-rated company can be rather challenging considering how many different companies sell coverage in Madison. The company ratings in the next section can help you choose which car insurance companies you want to consider when shopping car insurance rates for handicapped drivers. The ratings below are for large, nationwide insurance companies, so companies that focus mainly on Wisconsin business will not be included in this list.

Best Insurance Companies for Handicapped Drivers in Madison
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

Insurance rates are higher with tickets and accidents

The common sense way to score the most affordable insurance rates for drivers with handicaps is to be a safe driver and have a clean driving record. The chart below shows how traffic citations and fender-benders can influence car insurance costs for each age group. The data is based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

In the prior example, the average cost of a car insurance policy per year with no violations or accidents is $1,476. Get one speeding ticket and the average cost rises to $1,664, an increase of $188 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for handicapped drivers increases to an average of $3,343. That’s an increase of $1,867, or $156 per month, just for not being attentive to the road!

If you would rather have the advice of a professional agent when shopping for cheaper insurance for drivers with handicaps, the professional agents shown below are a good start to aid you in deciding which policy is best.

To find a Madison insurance agent near you, click the button at the bottom of the list.

Thomas Bradley Insurance
1001 Fourier Dr Suite 100Madison, WI 53717(608) 845-7979

Steve Aune Agency, Inc. American Family Insurance
658 S Gammon Rd #202Madison, WI 53719(608) 274-9702

Melissa Eckstrom – State Farm Insurance Agent
1771 Thierer RdMadison, WI 53704(608) 663-5000

More insurance agents in Madison, WI

How to find low-cost auto insurance for handicapped drivers

It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help drivers find lower-cost coverage.

The final tip is notably critical, as was stressed in this article. Coverage prices fluctuate constantly, so you should be ready to change to a new company if you find a cheaper price.

Staying with the same car insurance company is fine, but it’s not a great idea if that devotion results in you overpaying a lot of money. If you have a few minutes, compare prices to find cheaper insurance for handicapped drivers in Madison.