A recent survey discovered that over 70% of consumers have bought insurance from the same company for at least four years, and nearly 40% of drivers have never compared rate quotes at all. Many drivers in Wisconsin can cut their rates by about 30% a year just by comparing rates, but they don’t believe the actual amount they would save if they switched to a more affordable policy.
The easiest way to find affordable Kia Borrego insurance in Madison is to start doing a yearly price comparison from insurance carriers that sell auto insurance in Wisconsin.
- Try to understand car insurance and the steps you can take to lower rates. Many rating criteria that cause high rates such as distracted driving and poor credit history can be amended by making small lifestyle or driving habit changes.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can provide price quotes for a wide range of companies.
- Compare the new quotes to the premium of your current policy and see if there is a cheaper rate. If you can save some money, make sure coverage is continuous and does not lapse.
- Give notification to your agent or company of your decision to cancel your current policy and submit the completed application along with a down payment to the new company. Be sure to keep your new certificate of insurance along with your vehicle registration.
One thing to point out is to use similar deductibles and liability limits on every quote and and to look at as many carriers as you can. This provides the most accurate price comparison and plenty of rates choose from.
The intent of this article is to familiarize you with the best way to quote coverages and how you can save the most money. If you are paying for car insurance now, you will most likely be able to reduce premiums using the tips covered below. Although Wisconsin vehicle owners do need to know the methods companies use to determine prices and take advantage of how the system works.
Just remember that getting more free quotes provides better odds of finding more affordable insurance.
The auto insurance companies shown below provide comparison quotes in Madison, WI. To find cheap auto insurance in Madison, it’s highly recommended you get rates from several of them to get the best price comparison.
Auto insurance is not optional
Despite the high cost of buying insurance for a Kia Borrego in Madison, paying for auto insurance is most likely required but also gives you several important benefits.
- Just about all states have mandatory liability insurance requirements which means you are required to buy a specific level of liability coverage in order to be legal. 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 your Kia has a lienholder, almost all lenders will require you to carry insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank may insure your Kia for a lot more money and require you to fork over a much higher amount than you were paying before.
- Auto insurance preserves your car and your assets. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car are without a doubt worth the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $825 a year so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.
Lower your car insurance rates with discounts
Some providers don’t always list every policy discount in a way that’s easy to find, so we researched a few of the more well known and also the more inconspicuous credits that you can use to lower your rates.
- Drive Less and Save – Driving less could be rewarded with lower premium rates on the low mileage vehicles.
- No Claim Discounts – Insureds who avoid accidents and claims get the best car insurance rates compared to drivers with a long claim history.
- Discounts for Cautious Drivers – Accident-free drivers may receive a discount up to 45% as compared to drivers with claims.
- Anti-lock Brake Discount – Cars and trucks with ABS braking systems or traction control are safer to drive so you can save 10 percent or more.
- Renewal Discounts – Some larger companies reward drivers for switching policies early. You can save around 10% with this discount.
- Early Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you may have a lower total premium amount.
- Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of 20 to 30 percent.
- Driver’s Ed – Cut your cost by having your teen driver complete a driver education course in high school.
- Discount for Multiple Policies – If you insure your home and vehicles and insure them with the same company you will save as much as 10 to 15 percent.
- Active Military Service – Having a family member in the military could mean lower rates.
Just know that most of the big mark downs will not be given to the entire cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, you won’t be that lucky.
Large car insurance companies and their offered discounts are shown below.
- American Family may have discounts that include bundled insurance, Steer into Savings, accident-free, multi-vehicle, good driver, air bags, and mySafetyValet.
- Nationwide discounts include Farm Bureau membership, defensive driving, multi-policy, good student, easy pay, and business or organization.
- MetLife has discounts for accident-free, claim-free, good driver, multi-policy, and good student.
- 21st Century has savings for anti-lock brakes, 55 and older, good student, teen driver, student driver, and theft prevention.
- Farmers Insurance policyholders can earn discounts including multi-car, early shopping, electronic funds transfer, homeowner, good student, and distant student.
- Allstate offers discounts including premier discount, safe driver, senior citizen, passive restraint, good student, and anti-theft.
When getting a coverage quote, ask each company or agent to give you their best rates. Some discounts might not apply in every state. To see a list of insurers with the best discounts in Wisconsin, follow this link.
How much car insurance do I need?
Keep in mind that when it comes to choosing a policy for your personal vehicles, there is no one size fits all plan. Everyone’s situation is unique.
For example, these questions could help you determine if you will benefit from professional help.
- Do I need medical payments coverage since I have good health insurance?
- What exactly is covered by my policy?
- What is the minimum liability in Wisconsin?
- Are my friends covered when driving my car?
- Do I have coverage when pulling a U-Haul trailer?
- When can I cancel my policy?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Do I need PIP coverage since I have good health insurance?
- Are split liability limits better than a combined single limit?
If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form.