A recent study showed that nearly 70% of customers have bought auto insurance from the same company for more than four years, and nearly the majority have never compared rate quotes at all. U.S. drivers could save themselves nearly $860 a year by just comparing quotes, but they don’t understand how simple it is to find affordable auto insurance rates.
If saving the most money is your goal, then the best way to get more affordable car insurance rates in Madison is to compare quotes annually from insurance carriers who sell auto insurance in Wisconsin. You can compare rates by following these guidelines.
First, learn about how insurance works and the changes you can make to prevent expensive coverage. Many factors that cause rate increases such as speeding and a not-so-good credit history can be remedied by being financially responsible and driving safely.
Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO and State Farm, while independent agents can quote rates for a wide range of insurance providers.
Third, compare the quotes to your existing policy to see if you can save by switching companies. If you find a better price, verify that coverage does not lapse between policies.
Fourth, provide written notification to your current company of your intent to cancel your current coverage. Submit a completed application and payment to the new insurer. Don’t forget to put the certificate of insurance along with the vehicle’s registration papers.
A crucial key to this process is to try to compare identical deductibles and limits on each quote request and and to get quotes from every company you can. Doing this guarantees a fair price comparison and the most accurate and complete price analysis.
Best companies for low-cost Volkswagen Beetle insurance in Wisconsin
The companies in the list below offer price quotes in Madison, WI. If you want to find cheap auto insurance in WI, we suggest you compare several of them to get the best price comparison.
Car insurance statistics for a Volkswagen Beetle
The coverage table displayed next outlines different insurance premium costs for Volkswagen Beetle models. Learning a little about how insurance premiums are established can be of help when making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $172 | $358 | $196 | $12 | $58 | $796 | $66 |
| Beetle 2-Dr Convertible | $224 | $422 | $152 | $10 | $46 | $854 | $71 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in Madison location which can alter insurance rates noticeably.
Comparison of policy deductibles
When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The comparisons below can help show the differences in premium rates of buying low and high coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $154 | $300 | $196 | $12 | $58 | $745 | $62 |
| Beetle 2-Dr Convertible | $200 | $352 | $152 | $10 | $46 | $785 | $65 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $126 | $242 | $196 | $12 | $58 | $634 | $53 |
| Beetle 2-Dr Convertible | $164 | $284 | $152 | $10 | $46 | $656 | $55 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price estimates do not factor in specific location information which can impact insurance rates greatly.
Based on these figures, using a $250 deductible costs about $10 more each month or $120 annually across all Volkswagen Beetle models than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have more than 25 months between claims, you would save money by selecting a higher deductible. The table below shows the way you can come to your own conclusion.
| Average monthly premium for $250 deductibles: | $64 |
| Average monthly premium for $500 deductibles (subtract): | – $54 |
| Monthly savings from raising deductible: | $10 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $10 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
One big caveat is that higher deductibles means you will have to pay more when you file a claim. You should have enough savings in order to pay the deductible for vehicle repair.
Age, gender, and Volkswagen Beetle insurance
The chart below visualizes the comparison of Volkswagen Beetle insurance costs for male and female drivers. The information is based on no claims or driving violations, full physical damage coverage, $250 deductibles, single status, and no discounts are taken into consideration.
Cost of full coverage in Madison
The diagram below illustrates the comparison of Volkswagen Beetle insurance rates with and without full coverage. The data is based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied.
When to drop comp and collision
There is no exact rule for phasing out full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s say your Volkswagen Beetle claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after the deductible is paid. If you are currently paying more than $800 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Discount Madison insurance quotes
Insurance is neither fun to buy or cheap, but there are discounts available to help offset the cost. Certain reductions will be credited at the time of purchase, but some must be inquired about before being credited.
- Online Discount – Many insurance companies will provide an incentive for signing up on the internet.
- Service Members Pay Less – Being on active deployment in the military may qualify for rate reductions.
- Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
- Payment Discounts – If you pay your bill all at once rather than spreading payments over time you may reduce your total bill.
- 55 and Retired – If you qualify as a senior citizen, you may receive better insurance rates.
- Discount for Multiple Policies – If you have multiple policies with the same insurance company you may save at least 10% off all policies.
- Low Mileage Discounts – Fewer annual miles on your Volkswagen could qualify for better rates on cars that stay parked.
- Multi-Vehicle Discounts – Buying a policy with several vehicles with the same company can reduce the rates for all insured vehicles.
- Good Students Pay Less – Performing well in school can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
Don’t be shocked that many deductions do not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you could get a free insurance policy, insurance companies wouldn’t stay in business.
The example below illustrates the difference between Volkswagen Beetle insurance rates with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no violations or claims, Wisconsin state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, multi-car, claim-free, and safe-driver discounts applied.
To see a list of providers who offer online Volkswagen Beetle insurance quotes in Wisconsin, click here to view.
What is the best car insurance coverage?
Always remember that when buying your policy, there really isn’t a one size fits all plan. Every situation is different.
These are some specific questions can aid in determining whether you would benefit from an agent’s advice.
- Should I buy full coverage?
- Is my Volkswagen Beetle covered if I use it for business?
- Where can I get insurance after a DUI in Wisconsin?
- How much cheaper are high deductibles?
- What if I total my Volkswagen Beetle and owe more than it’s worth?
- Do I need motorclub coverage?
- Does low annual mileage earn a discount?
- How much liability do I need to cover my assets?
- Do I need replacement cost coverage?
- How much liability insurance is required?
If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form.
When to contact a local insurance agent
A small number of people would rather visit with an insurance agent and that is a personal choice. One of the benefits of comparing insurance prices online is you may find cheaper premium rates and still have an agent to talk to.
To help locate an agent, after submitting this simple form, your insurance data is sent to agents in your area who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to drive around due to the fact that quote results will go to you. Get lower rates without having to waste a lot of time. If for some reason you want to quote rates from a specific company, you can always navigate to their website and complete a quote there.
Finding the right provider should include more criteria than just the premium amount. Get answers to these questions too.
- What will you get paid if your car is a total loss? How is that amount determined?
- Will the agent help in case of a claim?
- How much experience to they have in personal lines coverages?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- In the event of vehicle damage, can you pick the collision repair facility?
- Do they offer accident forgiveness?
- Where are claims handled?
The following are agents in Madison that are able to give price quotes for Volkswagen Beetle insurance in Madison.
Farmers Insurance – Allen Maxwell
2980 Cahill Main #205 – Madison, WI 53711 – (608) 630-9776 – View Map
Homewood Insurance Agency
583 D’onofrio Dr Ste. 1012 – Madison, WI 53719 – (608) 442-6666 – View Map
Neckerman Insurance Services
6200 Mineral Point Rd – Madison, WI 53705 – (608) 238-2686 – View Map
Hausmann Johnson Insurance
700 Regent St – Madison, WI 53715 – (608) 257-3795 – View Map
Madison car insurance company ratings
Insuring your vehicle with the top car insurance company is difficult considering how many companies there are to choose from in Wisconsin. The ranking information shown next may help you decide which auto insurance companies to look at when shopping around.
Top 10 Madison Car Insurance Companies Ranked by Customer Service
- State Farm
- Nationwide
- Safeco Insurance
- American Family
- Travelers
- Liberty Mutual
- GEICO
- Allstate
- Erie Insurance
- The Hartford
Top 10 Madison Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Find cheaper rates by being thorough
You just read a lot of techniques to find affordable Volkswagen Beetle insurance in Madison. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the most savings is with the smaller companies.
Insureds switch companies for many reasons like delays in paying claims, policy cancellation, policy non-renewal or even high prices. Regardless of your reason for switching companies, choosing a new company can be pretty painless.
Cost effective Volkswagen Beetle insurance is possible online and also from your neighborhood Madison agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies may not have rates over the internet and many times these regional insurance providers sell through independent agents.
Additional detailed information is available at these sites:
- Uninsured Motorist Statistics (Insurance Information Institute)
- What Auto Insurance is Cheapest for College Students in Madison? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Accidents in Madison? (FAQ)
- What Insurance is Cheapest for Immigrants in Madison? (FAQ)
- How Much is Madison Car Insurance for a Chevrolet Equinox? (FAQ)
- Who Has Cheap Madison Auto Insurance for Drivers with Bad Credit? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Honda CR-V in Madison? (FAQ)
- State Car Insurance Guides (GEICO)
- Get the Right Protection (InsureUonline.org)
- Should I Buy a New or Used Car? (Allstate)