What Insurance is Cheapest for Drivers Under 25 in Madison?

You have seen the commercials from companies like Liberty Mutual, The General, and Progressive that make promises of big savings, so drivers just need to choose the one with the best commercial, right?

It’s just not that simple, as there are a whole bunch of unknown elements like if you are a homeowner, if you have ever had a coverage lapse, what deductibles you want to use, and how well you maintain your credit. This article covers the best ways to save on auto insurance and educate you enough to have some help in finding cheaper rates.

The make and model of vehicle on the policy is one of the primary factors that determines the availability of the most economical insurance for drivers under 25. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.

The information below illustrates insurance costs for the most economical vehicles to buy coverage for.

Cheapest Vehicles to Insure in Madison, WI
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $2,131
Honda Accord LX-P 4-Dr Sedan $2,137
Honda CR-V EX-L 2WD $2,163
Toyota Prius $2,332
Jeep Wrangler Rubicon 4WD 2-Dr $2,391
Ford F-150 XL Crew Cab 4WD $2,424
Volkswagen Jetta 2.0T Station Wagon $2,469
Ford Edge Limited 2WD $2,496
Toyota Tacoma 2WD $2,503
Toyota RAV4 4WD $2,527
Chevrolet Equinox LS AWD $2,535
Jeep Grand Cherokee Laredo 2WD $2,527
Dodge Grand Caravan Hero $2,532
Chevrolet Impala LT $2,527
Chevrolet Malibu Hybrid $2,535
Ford Explorer Limited AWD $2,560
Toyota Camry SE $2,663
Honda Odyssey EX-L W/Navigation $2,670
Toyota Corolla XLE $2,663
Hyundai Elantra GLS 4-Dr Sedan $2,672
Nissan Altima 2.5 S 4-Dr Sedan $2,663
Chevrolet Silverado LS Crew Cab 4WD $2,697
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $2,707
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Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in vehicle location which can alter coverage rates significantly.

Looking at the numbers, cars like the Ford Escape, Honda Accord, and Honda CR-V are most likely to be some of the cheapest vehicles to insure for drivers age 25 and younger. The cost of auto insurance will trend higher because of the fact that there is more liability exposure for drivers under 25, but generally speaking those vehicles will probably have the best rates compared to other vehicles.

One of the many things that are looked at to help calculate the annual cost of car insurance is where you call home. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas more rural areas have the benefit of cheaper auto insurance prices.

The table below ranks the most expensive places in Wisconsin for drivers under 25 in which to buy car insurance. Madison is listed at #17 costing $1,040 for the average insured, which is about $87 monthly.

How much is car insurance in Madison?
Rank City Annual Premium
1 Milwaukee $1,410
2 Wauwatosa $1,345
3 West Allis $1,246
4 Racine $1,229
5 Kenosha $1,182
6 Franklin $1,163
7 Greenfield $1,156
8 Oak Creek $1,154
9 Beloit $1,130
10 Eau Claire $1,091
11 Brookfield $1,067
12 Menomonee Falls $1,057
13 Waukesha $1,054
14 La Crosse $1,053
15 New Berlin $1,049
16 Janesville $1,042
17 Madison $1,040
18 Wausau $1,037
19 Oshkosh $989
20 Manitowoc $987
21 West Bend $977
22 Fond du Lac $956
23 Sheboygan $935
24 Green Bay $931
25 Appleton $926
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Annual rates are approximated as specific Madison garaging address can modify coverage prices noticeably.

Finding good, cost effective insurance is tough enough, and determining which insurers offer the most affordable insurance rates for drivers under 25 will involve even more rate comparisons.

Each auto insurance company uses their own calculation for setting rates, so let’s take a look at the insurance companies with the overall best prices in Wisconsin. We do need to point out that Madison, WI insurance rates are influenced by many factors that may substantially change the price of coverage. This price variability is why Madison drivers need to shop around to find the most economical auto insurance rates for drivers under 25. Insurance rates can be altered by many different factors and can change substantially, so the most economical option the last time you shopped around may now be quite expensive.

Best Car Insurance Prices for Young Drivers

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Wisconsin auto insurance company rankings
Rank Company Cost Per Year
1 USAA $580
2 Partners Mutual $632
3 Erie $696
4 Nationwide $752
5 Rockford Mutual $754
6 Rural Mutual Insurance $756
7 Pekin Insurance $768
8 Integrity Mutual $786
9 Western National $793
10 Travelers $804
11 State Farm $905
12 The Hartford $912
13 West Bend Mutual $926
14 Auto Club Group $939
15 General Casualty $964
16 American Family $1,125
17 Auto-Owners $1,126
18 Progressive $1,130
19 Farmers $1,141
20 GEICO $1,202
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USAA generally has some of the cheapest car insurance rates in Madison at around $580 annually. This is $581 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual also rank well as some of the cheapest Madison, WI auto insurance companies.

In the above rates, if you currently have a policy with Rockford Mutual and switched to Partners Mutual, you may realize a yearly savings of approximately $122. Insureds with Rural Mutual Insurance could save as much as $124 a year, and Pekin Insurance insureds might lower prices by $136 a year.

To find out how your current rates compare, click here to start a quote or visit several of the following companies.

Be aware that those prices are averaged for all ages of drivers and types of vehicles and do not factor in a vehicle location for drivers under 25. So the company that can offer you the lowest price may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get quotes using your own specific driver information and vehicle.

Discounts on Madison auto insurance rates

Cheaper Madison, WI insurance for drivers age 25 and youngerInsurers that offer cheap quotes for drivers under 25 may provide special discounts that can lower rates by as much as 25% or more if you qualify. A few of the larger companies and a selection of discounts are shown below.

The example below visualizes the comparison of car insurance rates with and without policy discounts. The rates are based on a male driver, no accidents or driving violations, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, good student, continuous coverage, anti-theft, vehicle safety, and paperless filing discounts applied. When drivers qualify for the discounts, theaverage amount saved on insurance for drivers under 25 is 19% or $300.

Illustration showing the impact of accidents and violations

The best way to receive good insurance premiums in Wisconsin for drivers age 25 and younger is to be a good driver and avoid getting tickets or having accidents. The information below shows how violations and accident claims impact insurance premiums for different age groups. The rates are based on a married female driver, full coverage, $250 deductibles, and no policy discounts are applied.

In the example above, the average cost of auto insurance in Madison per year with no accidents and a clean driving record is $1,246. Get written up for one speeding ticket and the average cost rises to $1,451, an increase of $204 each year. Now add one accident along with the one speeding ticket and the annual cost of insurance for drivers under 25 jumps again to an average of $2,033. That’s an increase of $787, or $66 per month, just for not driving carefully!

How to find economical car insurance for drivers under 25

It’s not impossible to find cheaper rates, and here are a few penny-pinching suggestions that can help Wisconsin drivers locate cheaper coverage.

The last tip is very critical, as we emphasized in this piece. Car insurance rates change frequently, so don’t hesitate to buy a different policy if a more affordable rate is found. Brand loyalty is great, but it isn’t a good idea if that stubbornness costs you lots of money. It takes less than five minutes to compare prices to find cheaper auto insurance for drivers under 25 in Madison.

If you wish to have a little guidance when shopping for the best coverage for drivers under 25, the agents listed below can answer your questions and help you decide which coverage meets your needs best.

To find a Madison insurance agency in your neighborhood, click the button link following the list or click here to get price quotes now.

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

Farmers Insurance – Debra Armstrong
621 N Sherman Ave, Ste B16Madison, WI 53704(608) 222-1400

American Family Insurance – Leah Salter
5025 Old Middleton RdMadison, WI 53705(608) 273-8555

More insurance agents in Madison, WI