Who Has Cheap Auto Insurance for Drivers with Accidents in Madison?

For drivers with at-fault accidents, one of the largest components that determine the cost of insurance is where you normally keep your vehicle in Madison. More densely populated places tend to have more expensive car insurance rates, whereas areas with less congestion have the luxury of lower rates.

The table below sorts the highest-priced areas in Wisconsin for drivers with accidents to purchase auto insurance in. Madison makes the list at #11 with an annual premium of $1,072 on average, which is around $89 per month.

How much is car insurance in Madison?
Rank City Annual Rate
1 Milwaukee $1,368
2 Wauwatosa $1,345
3 West Allis $1,246
4 Racine $1,229
5 Kenosha $1,218
6 Oak Creek $1,202
7 Greenfield $1,168
8 Franklin $1,163
9 Beloit $1,118
10 Brookfield $1,077
11 Madison $1,072
12 Wausau $1,069
13 La Crosse $1,064
14 Eau Claire $1,059
15 Menomonee Falls $1,057
16 Janesville $1,053
17 Waukesha $1,034
18 New Berlin $1,018
19 West Bend $1,007
20 Green Bay $969
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Annual rates are estimated as zip code location can revise prices noticeably.

Deciphering which companies have the best insurance rates for drivers with accidents calls for more time in order to find the lowest price. Every insurance company has their own guidelines to determine rates, so let’s rank the most competitive insurance companies in Madison.

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What’s the cheapest car insurance in Wisconsin?
Rank Company Cost Per Year
1 USAA $586
2 Partners Mutual $614
3 Rockford Mutual $724
4 Erie $724
5 Integrity Mutual $762
6 Pekin Insurance $768
7 Nationwide $768
8 Western National $777
9 Rural Mutual Insurance $779
10 Travelers $820
11 The Hartford $912
12 West Bend Mutual $917
13 General Casualty $926
14 State Farm $932
15 Auto Club Group $948
16 Auto-Owners $1,126
17 Progressive $1,164
18 American Family $1,171
19 Farmers $1,176
20 GEICO $1,202
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USAA offers some of the cheapest car insurance rates in Madison at around $586 a year. Partners Mutual, Rockford Mutual, Erie, and Integrity Mutual are also some of the most economical Madison, WI car insurance companies.

In the rate table above, if you currently buy coverage from Erie and switched to Partners Mutual, you might achieve annual savings of approximately $110. Insureds with Integrity Mutual might save as much as $148 a year, and Pekin Insurance customers might reduce prices by as much as $154 a year.

These prices are averaged across all insureds and vehicles and do not factor in an exact zip code location for drivers with accidents. So the insurer that has the lowest price for you may not even be in the list above. That illustrates why you need to get car insurance quotes using your own driver data and vehicle information.

The vehicle model you are trying to insure is one of the biggest factors that determines the availability of the best cheap auto insurance for drivers with accidents. Vehicles with high performance engines, a lack of modern safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The list below features car insurance prices for the cheapest vehicles to insure in Wisconsin.

Cheapest Vehicles to Insure in Madison, WI
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape Limited 2WD $2,637
Honda CR-V LX 2WD $2,644
Honda Accord EX-L 4-Dr Sedan $2,674
Volkswagen Jetta S 2.5 Station Wagon $2,683
Hyundai Elantra SE Touring Station Wagon $2,835
Toyota Prius $2,874
Ford F-150 STX Regular Cab 2WD $2,888
Chevrolet Impala LS $2,920
Toyota Tacoma Double Cab 4WD $2,950
Ford Explorer XLT 2WD $2,980
Dodge Grand Caravan SE $2,990
Ford Focus S 4-Dr Sedan $3,051
Ford Edge SEL AWD $3,093
Chevrolet Malibu Hybrid $3,132
Toyota RAV4 4WD $3,138
GMC Sierra SLE Crew Cab 2WD $3,137
Honda Odyssey Touring $3,145
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Prices based on single male driver age 40, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in specific location information which can revise coverage prices considerably.

Looking at the data, we can assume that vehicles like the Ford Escape, Honda CR-V, Honda Accord, and Volkswagen Jetta are likely to be some of the most affordable vehicles to insure for drivers with at-fault accidents. The cost of a car insurance policy will tend to be more expensive because there is a higher risk for drivers with accidents, but in general those makes and models will have the cheapest rates possible.

How careless driving impacts Madison insurance rates

One of the best ways to find low insurance premiums for drivers with at-fault accidents is to drive safely and avoid traffic citations and accidents. The illustration below demonstrates how speeding tickets and at-fault claims influence annual premium costs for each age group. The premiums assume a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

The data above shows the average cost of an auto insurance policy in Madison per year with a clean driving record and no accidents is $1,027. Get one speeding ticket and the average cost jumps to $1,191, an increase of $164 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for drivers with accidents goes up to an average of $2,586. That’s an increase of $1,559, or $130 per month, just for not driving responsibly!

The chart below illustrates how your choice of deductibles can affect insurance prices when quoting cheap insurance for drivers with accidents. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

The data above shows that a 40-year-old driver could lower their policy premium by $256 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $384 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could drop their prices as much as $852 every year just by using higher deductibles. If you do make the decision to raise your deductibles, it will be important to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Cost comparison with and without full coverage

Reducing premiums for insurance is the goal of the majority of drivers, and one of the best ways to buy cheaper insurance for drivers with accidents is to only buy liability coverage. The illustration below shows the difference between car insurance rates with and without full coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, single status, and no discounts are taken into consideration.

If we average all the age groups together, physical damage coverage costs $1,296 per year more than buying just liability insurance. Many drivers will wonder if you should buy full coverage. There is no clear-cut formula to exclude comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.

There are some conditions where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.