Comparing rates for budget car insurance is not most people’s favorite thing to do, and figuring out which company offers the cheapest car insurance rates for teenage females involves even more work.
Each auto insurer uses their own formula for determining rates, so let’s rank the car insurance companies with the overall best prices in Wisconsin. It’s important to understand that Wisconsin car insurance rates are calculated based on many things that can increase your annual premium. Simply turning a year older, buying a higher-value vehicle, or getting caught speeding can produce rate changes that can cause some rates to be more affordable than the competition.
Find the Cheapest Auto Insurance for Teens
|Rank||Company||Cost Per Year|
|8||Rural Mutual Insurance||$779|
|12||West Bend Mutual||$899|
|15||Auto Club Group||$948|
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USAA normally has some of the lowest car insurance rates in Madison at around $598 annually. This is $563 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual also make the cut as some of the lowest-priced Madison, WI insurance companies.
In the rate table above, if you currently have a policy with Nationwide and switched to USAA, you could see yearly savings of roughly $154. Drivers with Rockford Mutual could save as much as $156 a year, and Western National customers might see rate reductions of $171 a year.
These policy rates are averaged across all insureds and vehicles and are not factoring in an exact location for teenage females. So the auto insurance company that has the cheapest price for you may not even be in the list above. That is why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
One of the more important criteria that determine the cost of insurance is where you live in Madison. More densely populated places tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The following table sorts the most expensive places in Wisconsin for teenage females to purchase car insurance in. Madison ranks #12 costing $1,072 on average, which is approximately $89 each month.
|20||Fond du Lac||$995|
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Rates are approximated as the specific geographic location can lower or raise rates significantly.
The car, truck, or SUV you are seeking coverage for is one of the largest factors that determines the availability of low-priced insurance for teenage females. Vehicles with more horsepower, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than more economical and safe models. The information below shows auto insurance premiums for a selection of the cheapest automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$3,584|
|Ford Escape Limited 4WD||$3,806|
|Dodge Grand Caravan SE||$3,987|
|Ford Explorer XLT AWD||$3,995|
|Ford Focus S 4-Dr Sedan||$4,173|
|Honda Civic DX 4-Dr Sedan||$4,181|
|Chevrolet Impala LT||$4,209|
|Ford Fusion S 4-Dr Sedan||$4,218|
|Toyota Camry LE||$4,209|
|Chevrolet Malibu Hybrid||$4,217|
|Volkswagen Jetta S 4-Dr Sedan||$4,209|
|Chevrolet Equinox LS AWD||$4,216|
|Toyota RAV4 Sport 4WD||$4,209|
|Ford F-150 FX2 2WD||$4,242|
|Hyundai Elantra Blue 4-Dr Sedan||$4,398|
|Ford Edge Limited AWD||$4,434|
|Toyota Corolla XLE||$4,444|
|Toyota Tacoma X-Runner 2WD||$4,434|
|Honda Odyssey EX-L W/Rear Entertainment||$4,443|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$4,467|
|GMC Sierra SLT Extended Cab 2WD||$4,477|
|Jeep Grand Cherokee Limited 4WD||$4,467|
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Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific Madison, WI garaging location which can lower or raise coverage prices considerably.
Based on these rates, we can tell that models like the Honda CR-V, Ford Escape, Toyota Prius, and Dodge Grand Caravan are a few of the less-costly vehicles to insure for teen girls. The cost of a car insurance policy will be more expensive just because there is a higher risk for teenage females, but overall those particular vehicles will probably have the cheapest car insurance rates that you are likely to find.
The example below demonstrates how choosing different deductibles can impact insurance costs when getting quotes for cheap insurance for teenage females. The rate quotes are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 40-year-old driver could pocket $256 a year by increasing from a $100 deductible up to a $500 deductible, or save $384 by changing to a $1,000 deductible. Younger drivers, such as the Age 20 example, can cut $852 every year by choosing a larger deductible amount.
If you do decide to increase your deductibles, it’s a good idea to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Types of discounts on Madison car insurance
Insurance companies that provide coverage for teenage females may have premium discounts that could reduce prices by 35% or more if you can meet the requirements. A few popular companies and a summarized list of policyholder discounts are outlined below.
- State Farm includes discounts for driver’s education, accident-free, safe vehicle, good student, Steer Clear safe driver discount, student away at school, and multiple autos.
- Farmers Insurance has discounts for homeowner, teen driver, pay in full, alternative fuel, and youthful driver.
- GEICO may include discounts for federal employee, multi-policy, anti-lock brakes, good student, emergency military deployment, and anti-theft.
- American Family has savings for mySafetyValet, TimeAway discount, air bags, defensive driver, multi-vehicle, accident-free, and bundled insurance.
- Nationwide policyholders can earn discounts including business or organization, multi-policy, accident-free, good student, and family plan.
- Progressive may have discounts that include good student, multi-policy, online signing, multi-vehicle, homeowner, online quote discount, and continuous coverage.
The diagram below shows the difference between car insurance rates with and without discounts applied to the policy rates. Data assumes a male driver, a clean driving record, no claims, Wisconsin state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with continuous coverage, vehicle safety, paperless filing, anti-theft, good student, and paid-in-full discounts applied. When discounts are applied, theaverage amount saved on car insurance for teenage females is 28% or $466.
Careless driving habits raise Madison car insurance rates
The obvious way to maintain the cheapest car insurance rates for teen girls is to drive carefully and avoid accidents and violations. The information below shows how violations and accidents drive up premium costs for each different age category. Data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of auto insurance per year with no accidents or violations is $1,116. Get written up for one speeding ticket and the average cost swells to $1,301, an increase of $185 each year. Then add one accident along with the one speeding ticket and the 12-month cost of car insurance for teenage females goes up to an average of $1,821. That’s an increase of $705, or $59 per month, just for not being attentive to the road!