This would be a really short article if we could just tell you the one best car insurance company that has the cheapest coverage in Wisconsin. Regrettably, it’s not quite that easy, as there are a lot of unknown aspects like if you want full coverage included, if you are married or single, what level of deductibles you wish to have, and whether you are male or female, that all impact the cost of your policy. The content below covers the best ways to avoid high prices and also should give you some help in finding cheaper rates.
The car, truck, or SUV needing coverage is one of the biggest factors when comparing quotes for cheap car insurance for teachers. Vehicles with high performance engines, poor crash test ratings, or a track record of large liability claims will cost much more to insure than safer models.
The data below presents auto insurance rates for a selection of the cheaper vehicles to insure in Wisconsin.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,024 |
| Ford Escape XLS 4WD | $1,032 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,127 |
| Honda Accord LX-P 4-Dr Sedan | $1,173 |
| Chevrolet Equinox LT 2WD | $1,212 |
| Dodge Grand Caravan SXT | $1,235 |
| Toyota Prius | $1,297 |
| Kia Optima LX | $1,307 |
| Ford F-150 XL Super Cab 4WD | $1,316 |
| GMC Sierra 3500HD SLE Extended Cab 2WD | $1,320 |
| Hyundai Elantra SE Touring Station Wagon | $1,364 |
| Ford Edge SEL AWD | $1,374 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,378 |
| Toyota RAV4 Sport 2WD | $1,389 |
| Chevrolet Malibu LS | $1,399 |
| Toyota Tacoma 4WD | $1,408 |
| Dodge Ram 2500 Mega Cab SLT 2WD | $1,470 |
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in Madison, WI location which can raise or lower prices noticeably.
Based on these rates, you can expect vehicles like the Honda CR-V, Ford Escape, and Chevrolet Silverado are going to be the cheaper vehicles to insure for teachers and educators.
For teachers and educators, one of the largest things that aid in calculating the annual cost of car insurance is where you keep your vehicle in Madison. More populated areas tend to pay more, whereas less populated areas receive better rates.
The illustration below lists the highest-priced places in Wisconsin for teachers in which to buy car insurance. Madison is ranked #17 with an annual premium of $1,030 for coverage, which is about $86 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Milwaukee | $1,410 |
| 2 | Wauwatosa | $1,359 |
| 3 | Kenosha | $1,218 |
| 4 | Racine | $1,217 |
| 5 | West Allis | $1,210 |
| 6 | Oak Creek | $1,190 |
| 7 | Beloit | $1,164 |
| 8 | Greenfield | $1,156 |
| 9 | Franklin | $1,129 |
| 10 | Menomonee Falls | $1,068 |
| 11 | Brookfield | $1,067 |
| 12 | Waukesha | $1,065 |
| 13 | New Berlin | $1,060 |
| 14 | Eau Claire | $1,059 |
| 15 | Wausau | $1,047 |
| 16 | Janesville | $1,042 |
| 17 | Madison | $1,030 |
| 18 | La Crosse | $1,022 |
| 19 | West Bend | $1,017 |
| 20 | Fond du Lac | $995 |
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Annual rates are estimated as the specific zip code location can impact rates substantially.
The illustration below highlights how deductible selection can raise or lower premium costs when quoting cheap insurance for teachers. The data is based on a single male driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $188 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $284 by using a $1,000 deductible. Youthful drivers, like the age 20 example, could save as much as $622 or more by choosing larger deductibles on their policy.
If you do decide to increase your deductibles, it will be important to have enough savings to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Get discount Madison auto insurance rates
Auto insurance companies that provide policies for teachers may also give you premium discounts that can lower rates by as much as 25% or more if you meet the requirements. Larger car insurance companies and their offered discounts are outlined below.
- Farm Bureau includes discounts for multi-policy, 55 and retired, good student, renewal discount, safe driver, and youthful driver.
- Liberty Mutual policyholders can earn discounts including exclusive group savings, hybrid vehicle, newly married, new move discount, good student, and newly retired.
- State Farm may have discounts that include multiple autos, driver’s education, Drive Safe & Save, good driver, anti-theft, student away at school, and Steer Clear safe driver discount.
- Auto-Owners Insurance may include discounts for anti-lock brakes, teen driver, safe vehicle, good student, group or association, multi-policy, and paid in full.
- GEICO has discounts for military active duty, federal employee, daytime running lights, defensive driver, and seat belt use.
- SAFECO may offer discounts for multi-car, anti-lock brakes, drive less, homeowner, safe driver, teen safe driver, and accident prevention training.
The illustration below illustrates the difference between car insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, a clean driving record, no claims, Wisconsin state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, defensive driving course, multiple policy, passive restraint, accident-free, and marriage discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for teachers is 27% or $300.
Full coverage or liability only
Paying less for car insurance should be important to the majority of vehicle owners, and a great way to lower the cost of insurance for teachers is to not buy full coverage. The example below illustrates the comparison of insurance prices with full physical damage coverage and with liability coverage only. The premiums assume no claims or violations, $500 deductibles, single marital status, and no other discounts are factored in.
If we average the cost for all age groups, full coverage on your policy costs an additional $1,476 per year over and above liability only. Many drivers will wonder if paying for full coverage is a waste of money. There is no specific rule to drop comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.
There are some scenarios where only buying liability is not advised. If you still have a lienholder on your title, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.
How to find cheaper insurance for teachers
It is possible to find better rates, and here are some of the recommended thrifty solutions that can help Wisconsin drivers find lower-cost coverage.
- Raise comprehensive and collision coverage deductibles
- Do not file small claims
- Home or renters coverage can save on auto insurance
- Tickets and violations raise rates
- At-fault accidents will increase rates
- Better credit scores save money
- Shop around for cheaper prices often
The last tip in the list is remarkably crucial, as was pointed out in this article. Car insurance rates fluctuate constantly, so don’t hesitate to change to a new company if a cheaper rate is available. Loyalty to a specific company is fine, but it’s not recommended if that devotion results in you overpaying a lot of money. Now is a great time to compare rates and find cheaper car insurance for teachers in Madison.