What Car Insurance is Cheapest for Uber Drivers in Madison?

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The words "affordable" and "insurance" probably shouldn't be used together, especially when looking for the best coverage prices for Uber drivers. Let's familiarize you with some of the things that impact auto insurance prices, and figure out some ideas to slash the price of your next policy.

One of the many considerations that aid in calculating the price you pay for insurance is where your car is garaged. Areas with more people or more claims tend to have more expensive auto insurance rates, whereas more rural areas benefit from lower rates.

The next table shows the most expensive places in Wisconsin for Uber drivers to buy auto insurance in. Madison is listed at #13 with an annual rate of $1,040 for the average policy, which is around $87 each month.

How much is auto insurance in Madison, WI?
Rank City Annual Rate
1 Milwaukee $1,354
2 Wauwatosa $1,319
3 West Allis $1,246
4 Kenosha $1,194
5 Oak Creek $1,190
6 Racine $1,181
7 Franklin $1,163
8 Greenfield $1,156
9 Beloit $1,130
10 Wausau $1,079
11 Eau Claire $1,059
12 New Berlin $1,049
13 Madison $1,040
14 Brookfield $1,035
15 La Crosse $1,033
16 Menomonee Falls $1,026
17 Waukesha $1,023
18 Janesville $1,022
19 West Bend $1,007
20 Manitowoc $997
21 Green Bay $969
22 Fond du Lac $965
23 Oshkosh $951
24 Appleton $936
25 Sheboygan $935
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Annual rates are approximated as the specific area where the vehicle is garaged can affect coverage prices noticeably.

Shopping around for affordable car insurance is difficult, and determining which companies offer the lowest-priced auto insurance rates for Uber drivers will take a little more work. Each insurer has their own guidelines to determine rates, so let's take a look at the auto insurance companies that tend to have lower prices in Wisconsin.

Keep in mind that Madison, WI auto insurance rates are calculated based on many things that will increase or decrease the cost of coverage. Getting older, buying a safer car, or having an at-fault accident can produce rate changes that may make certain companies affordable when they were higher priced.

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USAA quotes some of the lowest car insurance rates in Madison at around $604 each year. This is $557 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance also qualify as some of the lowest-priced Madison, WI car insurance companies.

As the example above demonstrates, if you buy coverage from Rockford Mutual and switched to Partners Mutual, you might achieve a yearly price reduction of around $124. Policyholders with Pekin Insurance might save as much as $160 a year, and Nationwide policyholders might reduce rates by $167 a year.

Remember that these policy rates are averaged for all ages of drivers and types of vehicles and are not factoring in an exact location for Uber drivers. So the insurer that fits you best may not even be in the top 30 companies shown above. That is why you need to get auto insurance quotes using your own driver data and vehicle information.

Violations and accidents raise rates

The ideal way to score good auto insurance prices in Wisconsin for Uber vehicles is to drive attentively and avoid tickets and accidents. The example below illustrates how traffic citations and fender-benders can drive up insurance prices for different age groups. The premiums assume a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.

In the previous chart, the average cost of auto insurance in Wisconsin per year with no accidents and a clean driving record is $932. Get written up for two speeding tickets and the average cost hikes up to $1,236, an increase of $305 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for Uber drivers increases to an average of $2,511. That's an increase of $1,579, or $132 per month, just for not paying attention while driving!

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Discounts on auto insurance for Uber driversAuto insurance companies that offer coverage for Uber drivers could also offer discounts that could reduce prices by as much as 40% or more if you meet the requirements. Large auto insurance companies and some of their more popular discounts are outlined below.

The illustration below shows the difference between car insurance rates with and without discounts. The information is based on a male driver, no violations or claims, Wisconsin state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, homeowner, passive restraint, safe-driver, accident-free, and multiple policy discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for Uber drivers is 28% or $456.

The information below demonstrates how deductible levels can raise or lower insurance prices when getting quotes for cheap insurance for Uber drivers. The data assumes a single male driver, full physical damage coverage, and no discounts are applied to the premium.

In the chart above, a 50-year-old driver could reduce rates by $256 a year by changing from a $100 deductible up to a $500 deductible, or save $384 by changing to a $1,000 deductible. Young drivers, like the Age 20 chart data, have the ability to save $852 or even more by choosing a larger deductible amount. When choosing a higher deductible, it will be required to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

How to find budget-friendly auto insurance for Uber drivers

The list below summarizes some penny-pinching suggestions that can help drivers find low-cost auto insurance.

The last tip is extremely significant, as we hit on in this write-up. Insurance rates in Madison can be adjusted at any time, so drivers shouldn't be resistant to buy from a new company if you find a better deal.

Having a favorite company is great, but it's not recommended if it's costing you major coinage every year. In just a couple of minutes you could compare rates to find cheaper auto insurance for Uber drivers.

If you wish to have a little guidance when comparing insurance rates for Uber drivers, the agents shown below are willing to help you decide which auto insurance policy would work best for you.

To find a Madison insurance agency close to you, click the button after the list.

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