How long has it been since you compared lower-priced insurance rates in Madison, WI? Madison drivers have many options when trying to find low-cost Chrysler 200 insurance. You can either spend your time struggling with agents getting price quotes or utilize the internet to get rate quotes.
There are more efficient ways to shop for insurance and you need to know the best way to quote coverages for a Chrysler and obtain the lowest possible price from both online companies and Madison agents.
This article’s intent is to teach you how car insurance works and some money-saving tips. If you are already insured, you stand a good chance to be able to find better prices using the ideas you’re about to read. Vehicle owners only need an understanding of the best way to compare rates from multiple carriers.
How much does Chrysler 200 insurance in Madison cost?
The following companies are ready to provide quotes in Wisconsin. If your goal is to find cheap auto insurance in WI, we suggest you compare several of them to get the best price comparison.
Auto insurance is not optional but you don’t have to overpay
Even though Madison 200 insurance rates can get expensive, insurance is most likely required but also gives you several important benefits.
First, almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability insurance if you want to drive legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your 200, more than likely the lender will require that you have physical damage coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Chrysler for a lot more money and force you to reimburse them for the much more expensive policy.
Third, auto insurance protects your Chrysler and your assets. Insurance will pay for most medical and hospital costs incurred in an accident. Liability coverage will also pay attorney fees if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of carrying adequate insurance definitely exceed the cost, especially if you ever need it. But the average driver in Wisconsin is wasting up to $825 a year so smart consumers compare quotes every year to be sure current rates are still competitive.
Earn discounts to get lower-cost Madison insurance quotes
Companies do not advertise their entire list of discounts in an easy-to-find place, so we took the time to find both well-publicized as well as some of the hidden discounts that you can inquire about if you buy Madison auto insurance online. If you are not receiving all the discounts you deserve, you are just wasting money.
- Defensive Driver Discount – Taking time to complete a driver safety course is a good idea and can lower rates and easily pay for the cost of the class.
- Good Student Discount – Being a good student could provide a savings of up to 20% or more. Most companies allow this discount well after school through age 25.
- Anti-lock Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
- Telematics Data Discounts – Insureds who allow companies to look at where and when they drive remotely such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they are good drivers.
- Anti-theft Discount – Anti-theft and alarm system equipped vehicles help deter theft and will qualify for a discount on a Madison auto insurance quote.
A little disclaimer on discounts, some of the credits will not apply to the whole policy. Most only apply to specific coverage prices like comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, you aren’t that lucky. But all discounts should definitely cut the amount you pay for coverage.
Popular insurance companies and their offered discounts are detailed below.
- The Hartford offers discounts including good student, defensive driver, vehicle fuel type, air bag, anti-theft, and bundle.
- American Family has discounts for early bird, TimeAway discount, defensive driver, air bags, good driver, and good student.
- Progressive includes discounts for multi-policy, online quote discount, multi-vehicle, online signing, continuous coverage, and homeowner.
- Travelers policyholders can earn discounts including new car, hybrid/electric vehicle, early quote, multi-car, and continuous insurance.
- Farmers Insurance may have discounts that include homeowner, distant student, business and professional, early shopping, switch companies, youthful driver, and multi-car.
- USAA may offer discounts for good student, new vehicle, vehicle storage, loyalty savings, multi-policy, and driver training.
- Liberty Mutual discounts include hybrid vehicle, newly married, multi-car, new graduate, safety features, newly retired, and new move discount.
If you want inexpensive Madison auto insurance quotes, ask each company which discounts you qualify for. Some of the earlier mentioned discounts might not be available to policyholders in every state. For a list of insurers with the best discounts in Madison, click here.
Getting quotes from local Madison insurance agents
A lot of people still like to talk to a local agent and that is OK! Good agents are trained risk managers and help you file claims. A good thing about comparing rate quotes online is the fact that drivers can get cheap car insurance quotes but also keep your business local. Buying from and supporting local insurance agencies is still important in Madison.
To find an agent, once you fill out this form (opens in new window), your information is instantly submitted to insurance agents in Madison that can give you free Madison auto insurance quotes and help you find cheaper coverage. You don’t have to drive around since rate quotes are delivered immediately to your email address. In the event you want to compare rates from a particular provider, feel free to visit that company’s website and give them your coverage information.
Madison auto insurance agents are either independent or exclusive
If you want to use a reliable agent, there are a couple of different types of agencies and how they can quote your rates. Agencies in Madison can be categorized as either independent agents or exclusive agents. Either can write policy coverage, but it’s worth mentioning the difference between them since it can affect the kind of agent you use.
Independent Car Insurance Agencies or Brokers
These type of agents are appointed with more than one company and that enables them to quote your coverage with a variety of different insurance companies and find you cheaper rates. If you are not satisfied with one company, they simply move your policy to a different company without you having to go to a different agency. When comparison shopping, you will want to contact at least one independent agent for the best price selection. Many independent agencies also insure through additional companies that you may not be familiar with that may have much lower rates than larger companies.
The following are independent agencies in Madison who may be able to give you rate quotes.
- Gehrke Insurance
1310 Mendota St # 108 – Madison, WI 53714 – (608) 241-4136 – View Map
- Wisconsin Insurance Security Fund
2820 Walton Cmns W # 135 – Madison, WI 53718 – (608) 242-9473 – View Map
- R and S Insurance
1520 Vernon St – Madison, WI 53703 – (608) 251-0022 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive have only one company to place business with like Farmers Insurance and State Farm. These agents are unable to provide rate quotes from other companies so it’s a take it or leave it situation. Exclusive insurance agents are well schooled on their products and sales techniques and that allows them to sell at a higher price point. Some insured continue to buy from the same agent for years primarily because of the prominent brand name rather than having low rates.
Below is a short list of exclusive agencies in Madison that are able to give rate quotes.
- Farmers Insurance – Debra Armstrong
621 N Sherman Ave, Ste B16 – Madison, WI 53704 – (608) 222-1400 – View Map
- Allstate Insurance Agent: Susan Kempfer-Weeks
712 S Gammon Rd – Madison, WI 53719 – (608) 274-4147 – View Map
- Farmers Insurance – David Gervasi
7818 Big Sky Dr #119 – Madison, WI 53719 – (608) 827-6994 – View Map
Finding a good car insurance agent needs to be determined by more than just a low price. Here are some questions you should ask.
- What is their Better Business Bureau rating?
- How long has their agency been open in Madison?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Are they properly licensed to sell insurance in Wisconsin?
- Will one accident increase rates?
- How much experience to they have in personal lines coverages?
- Does the company have a local claim office in Madison?
Upon receiving good feedback to any questions you have as well as a price you’re happy with, you have narrowed it down to an auto insurance agent that meets your needs to properly service your car insurance policy.
Educate yourself about car insurance coverages
Knowing the specifics of car insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Comprehensive (Other than Collision) – This pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like hitting a bird, hitting a deer and vandalism. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Protection from uninsured/underinsured drivers – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Chrysler 200.
Since many Wisconsin drivers have only the minimum liability required by law (Wisconsin limits are 25/50/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Collision coverage – This coverage will pay to fix damage to your 200 from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims like hitting a mailbox, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible on your 200 in order to get cheaper collision rates.
Liability insurance – Liability coverage protects you from damages or injuries you inflict on other’s property or people. It protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/10 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage protects against things like court costs, funeral expenses and pain and suffering. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible. Wisconsin requires minimum liability limits of 25/50/10 but you should consider buying better liability coverage.
The chart below demonstrates why minimum state limits may not be enough coverage.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like dental work, EMT expenses and doctor visits. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Find cheaper insurance prices by comparing often
Cost effective Chrysler 200 insurance can be purchased online and with local Madison insurance agents, so get free Madison auto insurance quotes from both of them to have the best rate selection. Some insurance providers do not provide online quoting and usually these smaller companies sell through local independent agents.
When getting Madison auto insurance quotes online, it’s very important that you do not skimp on coverage in order to save money. Too many times, an insured cut full coverage to discover at claim time that it was a big error on their part. Your focus should be to get the best coverage possible at the best price while not skimping on critical coverages.
People who switch companies do it for a variety of reasons including policy cancellation, unfair underwriting practices, extreme rates for teen drivers or high rates after DUI convictions. No matter why you want to switch, switching companies is pretty simple and you could end up saving a buck or two.
How to save money on Chrysler 200 insurance in Madison
Really, the only way to find cheaper quotes for auto insurance rates is to regularly compare prices from companies in Madison. Drivers can shop around by completing these steps.
Step 1: It will benefit you to learn about what is in your policy and the things you can control to prevent high rates. Many policy risk factors that result in higher rates such as accidents, careless driving, and a low credit rating can be improved by making minor driving habit or lifestyle changes.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO and State Farm, while independent agencies can provide price quotes for a wide range of insurance providers.
Step 3: Compare the price quotes to your existing rates to see if you can save by switching companies. If you find a better price and buy the policy, make sure there is no coverage gap between policies.
A key point to remember is to try to compare similar limits and deductibles on each quote and and to get quotes from as many carriers as you can. Doing this enables the most accurate price comparison and the best price selection.
To learn more, feel free to visit these articles:
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Cheap Madison Auto Insurance for a Jeep Grand Cherokee? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Hyundai Sonata in Madison? (FAQ)
- Who Has Affordable Auto Insurance Rates for Uninsured Drivers in Madison? (FAQ)
- Who Has Affordable Auto Insurance for a Ford Fusion in Madison? (FAQ)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Teen Driving Statistics (iihs.org)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Determining Auto Insurance Rates (GEICO)