Madison Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Madison


A critical consideration for every homeowner should be their home insurance coverage. Fire, vandalism, theft, and wind damage are just a few of the perils for which homeowners coverage can protect your dwelling and personal property. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, homeowners coverage is a solid investment.

The cost of homeowners insurance coverage factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Discover more about what your homeowners insurance policy covers.

If you want to find cheap homeowners insurance in Madison, start with looking around and comparing what different companies offer. Check out the below summary of average Madison homeowners insurance costs to ensure you start your search with as much background info as possible. Remember: your homeowners insurance premiums may vary based on your coverage limits and other factors.


Madison, Wisconsin, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Madison by insurance company

Homeowners insurance rates in Madison vary from one insurance company to another. The most affordable home insurance in Madison is Erie offering average annual rates at just $739 per year. This is considerably cheaper than the city’s average homeowners premium of $1,018.

Below you'll find a list of the cheapest homeowners insurance companies in Madison, Wisconsin to help you begin your search.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN MADISON
CompanyAverage Annual Rate
Erie$739
Safeco$741
Badger Mutual$755
Rural Mutual Insurance$778
Wisconsin Mutual$854

Average homeowners insurance costs in Madison by coverage level

The amount of home coverage you select has an impact on your insurance premiums. Homeowners in Madison who carry $200K in dwelling coverage pay an average of $765 per year, while those with coverage up to $400K pay around $1,289 per year.


HOMEOWNERS INSURANCE RATES IN MADISON — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$765
$400K Dwelling$1,289

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Madison home insurance rates by ZIP code

Home insurance premiums can vary depending on what area of Madison in which you live. One of the factors that insurers use when pricing your insurance policy is the number of claims filed in your surrounding area. As such, the neighborhood you live in can dramatically impact your home insurance premium.

If you're looking for the cheapest home insurance rates in Madison, take at look at the 53716 ZIP code. In the 53716 area, homeowners coverage usually costs just $994 per year, which isa full $24 less than the overall average for Madison. If you’re looking for the areas with the most affordable homeowners insurance rates in Madison, have a look at the table below.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN MADISON
ZIP CodeAverage Annual Home Insurance Rate
53716$994
53704$996
53714$1000

Other areas of Madison, however, face homeowners rates that are higher than the city average . These areas of the city could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. The most expensive ZIP code for homeowners insurance in Madison is 53792, where the average annual rate is $1,048.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN MADISON
ZIP CodeAverage Annual Home Insurance Rate
53792$1,048
53726$1,045
53706$1,042



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Money-saving tip: bundle home and auto insurance in Madison

If saving money is something you are worried about, it might be worth insuring your home and auto through the same insurance company. Bundling home and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Madison could, in fact, lead to average annual savings of 16%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN MADISON
CompanyAvg. Annual Auto Insurance Rate (Bundle)
GEICO$515
State Farm$661
American Family$668
West Bend Mutual$716
Acuity$813

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. Call 855-493-9728 to speak with an insurance professional today.


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