Shockingly, a large majority of car insurance policyholders have purchased from the same company for at least four years, and virtually 40% of consumers have never even compared rates from other companies. Drivers in Madison could cut their rates by as much as $373 a year by just comparing rate quotes, but they just don’t want to find cheap car insurance rates.
If you want to find the absolute lowest rates, then the best way to find affordable Tesla Model X insurance in Madison is to compare prices once a year from different companies in Wisconsin.
- Read about how insurance companies determine prices and the changes you can make to lower rates. Many policy risk factors that result in higher rates such as traffic tickets, fender benders, and an unacceptable credit score can be rectified by improving your driving habits or financial responsibility.
- Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from a single company like Progressive or Allstate, while independent agents can provide prices for many different companies. Select a company
- Compare the new rates to your existing rates and determine if cheaper Model X coverage is available. If you find better rates, make sure there is no coverage gap between policies.
- Provide written notification to your current company of your decision to cancel your current car insurance policy. Submit the signed application along with the required initial payment to the new insurer. Make sure you place the new proof of insurance certificate somewhere easily accessible.
A good tip to remember is to use similar limits and deductibles on every price quote and and to get rates from as many car insurance companies as possible. This enables the most accurate price comparison and and a good selection of different prices.
Discount Madison auto insurance quotes
Insurance can be prohibitively expensive, but there are discounts available that many people don’t even know exist. Many discounts should be triggered when you quote, but a few must be requested specifically before you get the savings.
- Passive Restraints – Factory options such as air bags or automatic seat belts may qualify for discounts of 20 to 30 percent.
- Payment Method – By making one initial payment rather than paying in monthly installments you could save up to 5%.
- Student in College – Older children who attend college more than 100 miles from Madison and leave their car at home could get you a discount.
- Military Deployment Discount – Being on active duty in the military could be rewarded with lower prices.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more on Model X insurance in Madison.
- Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to buckle their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
- Professional Organizations – Having an affiliation with a qualifying organization could trigger savings when getting a Madison auto insurance quote.
Don’t be surprised that some of the credits will not apply to the entire cost. Some only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you could get a free auto insurance policy, it just doesn’t work that way.
Some of the larger companies that have these money-saving discounts possibly include:
When getting free Madison auto insurance quotes, it’s a good idea to every company how many discounts you can get. A few discounts might not apply in your state. To view insurance companies offering auto insurance discounts in Madison, click here to view.
The method we recommend to get policy rate comparisons for Tesla Model X insurance in Madison utilizes the fact almost all companies pay for the opportunity to quote your coverage. The only thing you need to do is give the companies some data like your education level, what you do for a living, any included safety features, and if your license is active. The data is then sent to multiple top-rated companies and you should receive rate quotes quickly.
To compare rates for your Tesla Model X now, click here and enter your zip code.
The following companies are ready to provide comparison quotes in Madison, WI. If your goal is to find cheap car insurance in Madison, we recommend you visit several of them in order to find the most affordable rates.
Components of Your Tesla Model X Insurance Prices
Lots of factors are part of the equation when you get your auto insurance bill. Some are obvious such as your driving record, but other criteria are not as apparent such as your marital status or your vehicle rating.
The factors shown below are just a few of the factors used by your company to calculate prices.
- Drive less and get lower premiums – The higher the miles on your Tesla in a year the higher the price you pay to insure it. Many insurance companies apply a rate based on how the vehicle is used. Cars that have low annual miles qualify for better rates than cars that get driven a lot. Having the wrong rating on your Model X may be costing you higher rates. Verify your declarations sheet states the correct usage for each vehicle.
- Better drivers pay less – Careful drivers pay less for auto insurance compared to bad drivers. Even a single speeding ticket may increase your cost twenty percent or more. People who have serious violations such as DUI, reckless driving or excessive speeding are required to prove financial responsibility with their state’s licensing department in order to drive a vehicle legally.
- Cars with good safety ratings cost less to insure – Vehicles that have high safety ratings can get you lower premiums. Vehicles built for safety have better occupant injury protection and lower injury rates means your insurance company pays less and thus lower rates.
- High coverage deductibles reduce rates – Physical damage protection, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. A few examples of covered claims are collision with another vehicle, damage from fire, and damage from a fallen tree branch. Deductibles for physical damage tell how much you are willing to pay out-of-pocket if a covered claim is submitted. The more of the claim you pay before a claim is paid (deductible), the bigger discount you will receive.
- Marriage reduces risk – Your spouse can actually save you money on your insurance policy. It generally demonstrates drivers are more mature than a single person and it’s statistically proven that married drivers tend to file fewer claims.
- Vehicle risk impacts prices – The performance level of the vehicle you need insurance for makes a substantial difference in the rate you pay. Small economy passenger models normally have pretty low rates, but many other things help determine your insurance rates.
- A good credit score can save money – Your credit score is a big factor in determining your rates. Consumers who have high credit scores tend to file fewer claims and have better driving records than those with poor credit. If your credit score is low, you could potentially save money when insuring your Tesla Model X by spending a little time repairing your credit.
- Don’t let your insurance lapse – Driving your car without having proper coverage can get your license suspended and any future policy may cost more because you let your coverage cancel without a new policy in place. In addition to paying higher rates, being ticketed for driving with no insurance can result in fines and jail time.
Tailor your car insurance coverage to you
Always remember that when buying a policy for your vehicles, there really is no perfect coverage plan. Your financial needs are unique and your car insurance should unique, too. For example, these questions may help highlight whether or not you will benefit from professional help.
- If I use my vehicle for business use is it covered?
- What is the difference between personal and commercial auto insurance policies?
- Am I covered if I wreck a rental car?
- Do I have coverage for damage caused while driving under the influence?
- Does coverage extend to Mexico or Canada?
- What is an adequate liability insurance limit?
- How can I find cheaper teen driver insurance?
- Can I get by with minimal medical coverage if I have good health insurance?
- What does medical payments coverage do?
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Compare rate quotes but buy from a local neighborhood Madison car insurance agent
A lot of people would prefer to get advice from a local agent and we recommend doing that An additional benefit of getting online price quotes is you can get cheaper rates and still have an agent to talk to. And buying from local agencies is especially important in Madison.
To make it easy to find an agent, after completing this short form, your information is submitted to agents in your area who will give competitive quotes and help you find cheaper coverage. It’s much easier because you don’t need to find an agent on your own as quotes are delivered instantly to you. You can find better rates without requiring a lot of work. If you want to quote rates from a specific car insurance provider, you can always find their quoting web page to submit a rate quote request.
If you’re trying to find a local Madison insurance agent, you need to know there are two different types of agencies and how they can quote your rates. Insurance agencies in Madison are either exclusive agents or independent agents.
Independent Insurance Agents
Independent agents are not restricted to one company so they can insure your vehicles with multiple insurance companies and get you the best rates possible. If you want to switch companies, your policy is moved internally and you stay with the same agent. If you are comparing car insurance prices, we highly recommend that you get rate quotes from a couple of independent agencies so that you have a good selection of quotes to compare. Many write coverage with smaller companies which can be an advantage.
Featured below is a short list of independent insurance agencies in Madison who may provide rate quotes.
- Spectrum Insurance Group – Madison
525 Junction Rd #8505 – Madison, WI 53717 – (608) 204-7055 – View Map
- The Curtis Agency
2929 Atwood Ave – Madison, WI 53704 – (608) 250-2501 – View Map
- Red Barn Insurance Agency
6666 Odana Rd – Madison, WI 53719 – (608) 467-6804 – View Map
Exclusive Car Insurance Agents
These type of agents can only quote rates from one company like AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well trained on what they offer which aids in selling service over price. Some consumers prefer to use the same agent mainly due to loyalty to the company instead of buying on price only.
Below are exclusive agents in Madison willing to provide comparison quotes.
- Farmers Insurance – David Gervasi
7818 Big Sky Dr #119 – Madison, WI 53719 – (608) 827-6994 – View Map
- Aaron Perry – State Farm Insurance Agent
2605 Monroe St – Madison, WI 53711 – (608) 238-7107 – View Map
- American Family Insurance – Michael Kittoe
334 Junction Rd – Madison, WI 53717 – (608) 827-9788 – View Map
Finding the right car insurance agent requires you to look at more than just a cheap quote. Here are some questions to ask:
- Are they able to influence company decisions when a claim is filed?
- Are claims handled at the agent’s location?
- When do they do a full risk review?
- How much experience to they have in personal lines coverages?
- Are they properly licensed to sell insurance in Wisconsin?
Protect more than your Tesla vehicle
Even though it can be expensive, buying car insurance may not be optional for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability coverage in order to drive the car. 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.
- If you bought your Model X with a loan, most lenders will stipulate that you have insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender will be forced to insure your Tesla at a much higher rate and force you to reimburse them for it.
- Car insurance preserves your vehicle and your assets. It will also pay for all forms of medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of your driving. If your Tesla gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of buying enough insurance more than offset the price you pay, especially if you ever need it. On average, a vehicle owner in Madison is overpaying more than $820 a year so smart consumers compare quotes at every policy renewal to ensure rates are inline.
Shop around and save
In this article, we presented quite a bit of information on how to find cheaper Tesla Model X insurance in Madison. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the best price on auto insurance is with the smaller companies. These smaller insurers may have significantly lower premium rates on certain market segments than their larger competitors like State Farm and Allstate.
Cheap Tesla Model X insurance in Madison can be purchased online as well as from independent agents in Madison, so you should compare both so you have a total pricing picture. Some companies may not offer online rate quotes and many times these regional insurance providers prefer to sell through independent agents.
More detailed auto insurance information can be found in these articles:
- Understanding Rental Car Insurance (Insurance Information Institute)
- Who Has Cheap Auto Insurance for Drivers with Accidents in Madison? (FAQ)
- What Car Insurance is Cheapest for Police Officers in Madison? (FAQ)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Credit and Insurance Scores (Insurance Information Institute)