What Car Insurance is Cheapest for Police Officers in Madison?

The words “bargain” and “insurance” probably shouldn’t be used together, specifically when you are searching for the lowest insurance prices for police officers. To save some money, let’s go over some things that have a considerable impact on insurance rates, and come up with some ideas to shave a little off the next policy you buy.

The car, truck, or SUV you are buying coverage for is one of the largest considerations when comparing cheap auto insurance for police officers. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than safer, lower-performance models. The table below showcases insurance premiums for a handful of the cheaper automobiles 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 $1,110
Honda CR-V EX 2WD $1,119
Ford F-150 XL Crew Cab 2WD $1,135
Ford Escape XLT 4WD $1,137
Jeep Wrangler Sport 4WD 2-Dr $1,144
Honda Civic DX 4-Dr Sedan $1,178
Chevrolet Silverado LS Regular Cab 2WD $1,196
Chevrolet Malibu LS $1,200
Toyota RAV4 Limited 4WD $1,210
Ford Fusion S 4-Dr Sedan $1,200
Honda Accord EX-L 4-Dr Sedan $1,234
Ford Focus SEL 4-Dr Sedan $1,241
Toyota Camry XLE $1,264
Toyota Prius $1,269
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,287
Volkswagen Jetta SEL 4-Dr Sedan $1,297
Honda Odyssey EX $1,289
Chevrolet Equinox LT AWD $1,316
Chevrolet Impala LS $1,321
Ford Edge SE AWD $1,330
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in specific garaging location which can alter premiums considerably.

Based upon these rates, you can figure that models like the Hyundai Elantra, Honda CR-V, Ford F-150, Ford Escape, and Jeep Wrangler are a few of the less-costly vehicles to insure for law enforcement personnel.

For law enforcement personnel, one of the more important factors that are looked at to help calculate the amount you pay for auto insurance is where your residence is. More populated areas will most likely pay more, whereas areas with less crime or weather claims tend to receive cheaper rates.

The information below rates the most expensive cities in Wisconsin for police officers to purchase a policy in. Madison is ranked at #11 with an annual cost of $1,072 for the average insurance policy, which is around $89 each month.

How much is auto insurance in Madison, WI?
Rank City Annual Premium
1 Milwaukee $1,368
2 Wauwatosa $1,359
3 West Allis $1,246
4 Kenosha $1,218
5 Oak Creek $1,190
6 Racine $1,181
7 Greenfield $1,168
8 Beloit $1,130
9 Franklin $1,117
10 Eau Claire $1,091
11 Madison $1,072
12 Wausau $1,069
13 Menomonee Falls $1,057
14 Waukesha $1,054
15 Janesville $1,053
16 La Crosse $1,053
17 Brookfield $1,045
18 New Berlin $1,029
19 West Bend $1,017
20 Oshkosh $989
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Premium costs are comparative as specific location information can increase or decrease coverage rates noticeably.

Determining which company has the lowest-priced auto insurance rates for police officers involves a little more effort than just comparing a company or two. Every car insurance company uses a slightly different approach for determining prices, so let’s rank the auto insurance companies that tend to have lower prices in Madison.

Find Cheaper Auto Insurance for Law Enforcement

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Cheapest Wisconsin auto insurance companies
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $608
3 Erie $703
4 Rockford Mutual $724
5 Rural Mutual Insurance $749
6 Nationwide $752
7 Pekin Insurance $768
8 Western National $769
9 Integrity Mutual $786
10 Travelers $796
11 West Bend Mutual $917
12 State Farm $923
13 General Casualty $936
14 Auto Club Group $948
15 The Hartford $950
16 Progressive $1,130
17 Farmers $1,130
18 Auto-Owners $1,160
19 American Family $1,171
20 GEICO $1,202
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USAA has some of the lowest car insurance rates in Madison at around $580 annually. This is $581 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance would also be considered some of the lowest-priced Madison, WI insurance companies.

As shown in the table above, if you currently buy coverage from Rural Mutual Insurance and switched to Partners Mutual, you could see yearly savings of approximately $141. Insureds with Nationwide might save as much as $144 a year, and Pekin Insurance customers might reduce prices by as much as $160 a year.

Remember that these rates are averaged for all ages of drivers and types of vehicles and do not factor in an exact location for police officers. So the company that can offer you the best price may not even be in the top 30 companies in the list above. That point stresses why you need to compare as many prices as possible using your own specific driver information and vehicle.

The information below illustrates how your deductible choice can increase or decrease insurance prices when trying to find cheap insurance for police officers. The rate quotes are based on a married male driver, comp and collision included, and no discounts are applied to the premium.

A 40-year-old driver could cut expenses by $160 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $242 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old, could possibly save $536 or more by selecting a higher deductible.

When increasing deductibles, it is essential to have plenty of money set aside to be able to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Full coverage rates compared to liability-only

Saving money on auto insurance is probably important to most vehicle owners, and one common way to pay less for insurance for police officers is to buy liability only. The example below illustrates the comparison of premium costs with and without physical damage coverage. The data assumes no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are taken into consideration.

Averaged for all age groups, full coverage costs $1,217 per year more than buying just liability insurance. That brings up the question if paying for full coverage is a waste of money. There is no exact formula of when to phase out comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s book value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,500 after the deductible is paid. If it’s costing in excess of $850 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where removing full coverage is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Your cheap policy may actually be overpriced

Madison, WI auto insurance rates are impacted by many factors that control the price of your policy. Improving your credit rating, buying a home, or having an accident can trigger changes in premium that may make certain companies much cheaper than others. And not only may your rating factors change, but insurers file new Wisconsin auto insurance rates multiple times each year in order to maintain liquidity for claims. A period of increased losses may result in higher prices, while less frequent claims may result in cheaper Madison car insurance rates.

The data below shows which company has the cheapest car insurance in Madison, WI for a 40-year-old female driver with no prior claims, no tickets, and a good credit rating. If we look at prices based on her current situation, USAA has the most affordable car insurance rates in Madison at $678 each year. This is $483 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rural Mutual Insurance, and Rockford Mutual round out the rest of the cheapest Madison, WI auto insurance companies.

The example below compares rates after we give the driver from the first example a claim surcharge, slightly worse credit, and a speeding citation. Since each insurance company uses their own calculation to establish rates, analyzing rate quotes will most likely result in a significantly different list of the cheapest Madison car insurance companies as shown below.

Pekin Insurance now has the best price on car insurance in Madison with Nationwide, Western National, Travelers, and Partners Mutual also having competitive pricing. This example demonstrates why it is important to compare lots of rates when trying to find the most budget-friendly insurance quotes for police officers.

Auto insurance prices are calculated by many things and change substantially, so the lowest-price company when you last compared rates may now be quite expensive.

If you aren’t clear which coverage you need and would like to have the advice of a professional agent when trying to find lower insurance rates for police officers, the agencies below can most likely help you determine which is the best policy. To locate an agency using an interactive map, click the button at the bottom or click here to get price quotes now.

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

American Family Insurance – Brian Uelmen
4222 Milwaukee St Ste 81Madison, WI 53714(608) 241-8688

R and S Insurance
1520 Vernon StMadison, WI 53703(608) 251-0022

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

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