Who Has Cheap Madison Auto Insurance Rates for a 20 Year Old Female?

Wouldn’t it be perfect if we could just tell you the one best company that has the best insurance prices for 20 year old women? That is not the case, however, as there are a whole bunch of unknown aspects such as the number of miles you drive in a year, if you have any tickets or accidents, and your gender, that all impact the price you pay. If you keep reading, we will teach you about the different scenarios that increase car insurance cost and will hopefully give you a good start to your coverage search.

Trying to buy cheap car insurance is difficult, and figuring out which company quotes the most affordable auto insurance rates for 20 year old women may require a bit more work.

Each insurance company has their own process for setting prices, so first we will examine the lowest cost auto insurance companies in Madison, WI. Keep in mind that Madison auto insurance rates are calculated based on many things that will increase or decrease the cost of a policy. Price variation is why it is critical to do a thorough rate comparison to get the most budget-friendly car insurance rates for 20 year old women. Insurance prices can be determined by many factors and can change substantially, so the best company a year ago may now be priced much higher than other options.

Cheapest Insurance Rates for Women Age 20

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Rankings for the cheapest car insurance companies in Wisconsin
Rank Company Cost Per Year
1 USAA $586
2 Partners Mutual $614
3 Erie $696
4 Rockford Mutual $732
5 Rural Mutual Insurance $756
6 Pekin Insurance $768
7 Nationwide $768
8 Integrity Mutual $794
9 Travelers $796
10 Western National $801
11 The Hartford $912
12 West Bend Mutual $917
13 State Farm $923
14 General Casualty $926
15 Auto Club Group $948
16 Progressive $1,130
17 American Family $1,137
18 Farmers $1,141
19 Auto-Owners $1,160
20 GEICO $1,202
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USAA generally has some of the best car insurance rates in Madison at around $586 annually. This is $575 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance also are some of the best Madison, WI car insurance companies.

As shown above, if you currently have coverage with Rural Mutual Insurance and switched to Partners Mutual, you could earn an annual savings of approximately $142. Insureds with Pekin Insurance may save as much as $154 a year, and Nationwide insureds might lower prices by $154 a year.

To compare your rates to other Wisconsin insurance companies, click here to start your free quote or visit any of the companies below.

Bear in mind that those premiums are averages across all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for 20 year old women. So the car insurance company that is most affordable for your situation may not even be in the top 30 companies in the list above. That emphasizes why you need to quote rates from many companies using your own personalized driver profile and vehicle information.

For young women, one of the more important components that are looked at to determine car insurance rates is the neighborhood you call home. Cities with larger populations tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.

The information below shows the priciest cities in Wisconsin for 20 year old women to buy car insurance in. Madison is listed at #14 with the annual price of $1,062 for coverage, which is approximately $89 monthly.

How much does auto insurance cost in Madison?
Rank City Average Per Year
1 Milwaukee $1,368
2 Wauwatosa $1,359
3 West Allis $1,246
4 Racine $1,229
5 Kenosha $1,218
6 Greenfield $1,204
7 Oak Creek $1,190
8 Franklin $1,163
9 Beloit $1,152
10 Wausau $1,079
11 Menomonee Falls $1,068
12 Brookfield $1,067
13 Waukesha $1,065
14 Madison $1,062
15 New Berlin $1,060
16 Eau Claire $1,059
17 Janesville $1,042
18 La Crosse $1,022
19 Manitowoc $997
20 Fond du Lac $995
21 West Bend $977
22 Oshkosh $960
23 Green Bay $931
24 Appleton $926
25 Sheboygan $925
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Premium costs are estimated as the specific zip code location can modify prices substantially.

Selecting a highly-rated company can be rather challenging considering how many choices you have in Madison. The information listed below could help you choose which coverage providers you want to consider when comparing rate quotes.

The ratings below are for the largest companies in America, so companies with more of a regional focus are not included in this list. If you wish to compare rates from the most competitive companies in Wisconsin, simply click here.

Top 10 Large Auto Insurance Companies in Madison Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Erie Insurance – A+
  9. Progressive – A+
  10. Allstate – A+

Top 10 Large Auto Insurance Companies in Madison Ranked by Customer Service

  1. State Farm
  2. Nationwide
  3. Safeco Insurance
  4. American Family
  5. Travelers
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. Erie Insurance
  10. The Hartford

The chart below highlights how deductible selection can change annual premium costs when researching cheap insurance for 20 year old women. The premium estimates are based on a single male driver, comp and collision included, and no discounts are applied.

A 40-year-old driver could reduce rates by $188 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $284 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, can save as much as $622 every year by choosing a larger deductible amount.

If you make the decision to raise deductibles, it is important to have emergency funds available to be able to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Does it make sense to buy full coverage?

Buying cheaper auto insurance is the goal of most drivers, and one of the fastest ways to lower the cost of insurance for 20 year old women is to buy liability only. The example below illustrates the comparison of car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or violations, $500 deductibles, drivers are single, and no discounts are applied.

If averaged out across all ages, comprehensive and collision coverage on your policy costs an additional $1,092 per year over and above liability only. A very common question is if full coverage is worth the money. There is no exact rule for dropping full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.