Who Has Cheap Auto Insurance Quotes for Inexperienced Drivers in Madison?

Writing this article would sure be easy if we could simply tell you the company that has the best car insurance rates in Wisconsin. It’s not that simple, unfortunately, as there are a whole bunch of unknown factors like what level of deductibles you need, if you are currently insured, if you are a man or woman, and what coverage limits you want, that all impact the price you pay. This article should teach you a little about the best ways to find cheap car insurance and will hopefully give you a good start to your coverage search.

Deciding which insurers offer the cheapest car insurance rates for inexperienced drivers requires more time in order to find the best price. Each company uses a little different formula for determining rates, so let’s take a look at the car insurance companies with the most affordable rates in Wisconsin.

It’s a good idea to know that Madison car insurance rates are impacted by many things that may substantially change the price you pay. Simply turning a year older, having a claim, or getting a driving violation may cause policy rate changes resulting in some rates now being cheaper than competitors.

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Who has the cheapest car insurance in Wisconsin?
Rank Company Cost Per Year
1 USAA $598
2 Partners Mutual $614
3 Erie $724
4 Rockford Mutual $754
5 Rural Mutual Insurance $756
6 Nationwide $768
7 Pekin Insurance $775
8 Western National $777
9 Integrity Mutual $786
10 Travelers $820
11 West Bend Mutual $899
12 State Farm $923
13 The Hartford $940
14 General Casualty $964
15 Auto Club Group $968
16 Auto-Owners $1,114
17 Farmers $1,141
18 Progressive $1,164
19 American Family $1,171
20 GEICO $1,190
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USAA generally has some of the lowest car insurance rates in Madison at around $598 each year. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance also qualify as some of the best Madison, WI car insurance companies.

As illustrated above, if you buy coverage from Rockford Mutual and switched to USAA, you might realize an annual savings of in the vicinity of $156. Wisconsin drivers with Rural Mutual Insurance could save as much as $158 a year, and Nationwide policyholders might reduce prices by as much as $170 a year.

Remember that these rates are averaged across all insureds and vehicles and and are not figured with an exact vehicle garaging location for inexperienced drivers. So the insurer that can offer you the best price may not even be in the list above. That emphasizes why you need to get quotes using your own driver information and specific vehicle type.

The type of vehicle requiring insurance is probably the biggest factor that determines if you can find the cheapest insurance for inexperienced drivers. Vehicles with high performance, poor passenger safety features, or an increased likelihood of liability claims will cost much more to insure than safer, lower-performance models. The next list features coverage prices for a handful of the cheaper automobiles to insure in Wisconsin.

Cheapest Vehicles to Insure in Madison, WI
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,024
Honda Odyssey EX $1,189
Volkswagen Jetta LE 4-Dr Sedan $1,212
Jeep Grand Cherokee Laredo 4WD $1,222
Honda CR-V EX 2WD $1,256
Toyota Corolla LE $1,274
Toyota Prius $1,297
GMC Sierra SLT Crew Cab 2WD $1,302
Nissan Altima Hybrid 4-Dr Sedan $1,297
Ford Explorer XLT 4WD $1,316
Chevrolet Impala LS $1,364
Honda Accord EX-L 4-Dr Sedan $1,370
Chevrolet Silverado LS Regular Cab 4WD $1,378
Ford Edge SE 2WD $1,385
Kia Optima EX $1,382
Toyota Camry Hybrid $1,390
Toyota RAV4 2WD $1,389
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Table data does not factor in specific zip code location which can alter coverage rates noticeably.

Based upon the rates shown, vehicles like the Ford Escape, Honda Odyssey, Volkswagen Jetta, and Jeep Grand Cherokee are going to be some of the most affordable vehicles to insure for new drivers.

One of the many things that determine the amount you pay each year for auto insurance is where you live in Madison. More populated areas tend to have more expensive auto insurance rates, whereas areas that tend to be more rural benefit from having to pay less for coverage.

The table below lists the most costly cities in Wisconsin for inexperienced drivers to buy auto insurance in. Madison shows up at #12 costing $1,062 for coverage, which is around $89 per month.

Car insurance prices in Madison
Rank City Annual Premium
1 Milwaukee $1,410
2 Wauwatosa $1,345
3 Kenosha $1,230
4 Greenfield $1,204
5 West Allis $1,198
6 Racine $1,181
7 Oak Creek $1,154
8 Beloit $1,130
9 Franklin $1,117
10 Eau Claire $1,081
11 Menomonee Falls $1,068
12 Madison $1,062
13 Brookfield $1,045
14 Wausau $1,037
15 Waukesha $1,023
16 La Crosse $1,022
17 New Berlin $1,018
18 Janesville $1,011
19 Oshkosh $989
20 West Bend $987
21 Fond du Lac $985
22 Manitowoc $967
23 Appleton $964
24 Sheboygan $963
25 Green Bay $960
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Table data uses comparative as the vehicle garaging location can lower or raise premium rates greatly.

Careless drivers pay higher rates

The best way to enjoy good car insurance rates for new drivers is to be a safe driver and have a clean driving record. The information below demonstrates how speeding tickets and at-fault collisions impact insurance rates for each age group. The premiums are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

In the previous chart, the average cost of auto insurance in Madison per year with no accidents and a clean driving record is $1,476. Factor in two speeding tickets and the average cost surges to $1,961, an increase of $485 each year. Next add two accidents along with the two speeding tickets and the yearly cost of car insurance for inexperienced drivers jumps again to an average of $3,603. That’s an increase of $2,127, or $177 per month, just for not maintaining a clean driving record!

Best car insurance in Wisconsin

Selecting the top insurance company can be challenging considering how many companies there are to choose from in Wisconsin. The rank data in the lists below could help you analyze which coverage providers you want to consider when buying insurance for inexperienced drivers.

The ratings below are only made up of the largest companies in the United States, so companies that focus mainly on Wisconsin business are not included in the list. To compare rates from many more Wisconsin auto insurance companies, click this link.

Top 10 Major Auto Insurance Providers 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 Major Auto Insurance Providers in Madison Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. Liberty Mutual
  6. State Farm
  7. Allstate
  8. Safeco Insurance
  9. Travelers
  10. 21st Century

Why you should be shopping around

Madison, WI car insurance rates are influenced by many factors which can significantly increase or decrease the price of coverage. Improving your credit rating, becoming a homeowner, or getting caught speeding can trigger changes in premium that can make some companies cheaper than others. In addition, insurers change premium rates as often as every three months to adjust for gains or losses. Higher than normal claim frequency or severity may cause increased policy costs, while profitable underwriting may produce lower-cost Madison car insurance rates.

For example, the graph below shows rates for the cheapest car insurance in Madison, WI for a 45-year-old male driver with no accidents, a clean driving record, and great credit. Based on his current rating profile, USAA may offer the most affordable car insurance rates in Madison at $666 each year. This is $495 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are the remainder of the top five cheapest Madison, WI auto insurance companies.

Now let’s give the driver from the first example a chargeable claim, bad credit, and a speeding citation. Because every insurance company has a different formula for filing rates in each state, comparing quotes most likely will result in a substantially altered list of the cheapest car insurance companies in Madison as shown below.

Western National now has the best insurance rate in Madison, WI with Rural Mutual Insurance, Integrity Mutual, Travelers, and Partners Mutual now rounding out the top five. This example shows why Madison drivers need to compare as many rates as possible when trying to get the most economical insurance rates for inexperienced drivers.

Auto insurance prices are made up of many things and can increase or decrease at any time, so the cheapest option when you bought your policy may now cost much more than other companies.