What drives up car insurance rates in Madison?

Car Insurance in Madison

Madison premiums, which fall below Wisconsin's average by 6%, are known for being low-cost. Why don't we go over some ways to save on car insurance in Madison?

  • City Average: $979
  • State Average: $1,040
  • National Average: $1,427

Madison Car Insurance by Credit Rating

The disparity between average car insurance premiums in Madison for those with Exceptional credit (800-850) and Very Poor credit (300-579) is $910 a year. Drivers can save nearly $299 per year when they raise their credit tier from Very Poor (300-579) to Fair (580-669).

  • Very Poor: $1,763
  • Fair: $1,464
  • Good: $1,220
  • Very Good: $1,025
  • Exceptional: $853

Madison Car Insurance by Accident or Violation History

Do you know how much an accident or violation history can cost you in terms of car insurance rates? Accidents happen, even to safe drivers, so be prepared and learn how your rates can change following one. For individuals in Madison with at-fault accidents, $541 is, on average, the additional cost for car insurance over the city average. $629 is the extra cost per year for drivers with a DUI in Madison, compared to the city average of $979. Reckless driving will bump your rates up as well, with average rates of $1,460.

  • DUI: $1,608
  • Reckless Driving: $1,460
  • At-fault Accident (damages less than $1000): $1,520
  • At-fault Accident (damages greater than $2000): $1,520
  • Speeding Ticket (16-20 mph over speed limit): $1,227

Madison Car Insurance by Gender and Marital Status

In Madison, a lot of driver characteristics, including gender and marital status, have an effect on car insurance premiums. However, premiums for women are usually only a bit cheaper than for men. Rates for those who are widowed are marginally cheaper than rates for those who are single. Being single can cost you an average of $80 more per year compared to being married.

  • Female: $977
  • Male: $979
  • Single: $979
  • Married: $899
  • Divorced: $979
  • Widowed: $972

Madison Car Insurance by Age

The greatest drop in premiums for Madison drivers happens when they hit their 20s. Once out of the teenage age bracket, individuals save, on average, 71% on car insurance. Premiums for drivers in Madison continue to shrink through their 50s, but they can expect to pay more when they turn 60. Everybody loves to save money, and luckily for drivers in their 50s, they do just that! They have the lowest car insurance rates among any age group, with rates of $861 per year. People in their 60s ($898) aren’t paying significantly more. With rates of $4,748 on average, teenage drivers pay the most in car insurance premiums.

  • Teenagers: $4,748
  • 20s: $1,374
  • 30s: $965
  • 40s: $927
  • 50s: $861
  • 60s: $898
  • 70s: $1,076

Where you live in Madison affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Madison is no exception to the rule. From zip code 53562 to 53726, premiums rise by 4 percent—that’s $38.

Expensive Madison Zip Codes: 53744, 53703, 53706, 53715, 53726

Cheap Madison Zip Codes: 53562, 53718, 53702, 53705, 53597

Madison Driving Conditions

Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.

And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Madison, you can expect 114 rainy days with an annual rainfall of 31 inches. Madison is also known to experience severe winter storms. You can check on the condition of the roads anytime here.

114

Rainy Days a Year

31"

Avg. Annual Rainfall

38"

Avg. Annual Snowfall

Be Prepared For

Driving in Madison

Major Highways
I-39 I-90 I-94
Public Transit
Metro Bus

Find Local Madison Agents

TRICOR Inc

2001 W. Beltline Hwy, Suite 201 Madison, WI 53713

Neckerman Insurance Services

6200 Mineral Point Road Madison, WI 53705

Johnson Insurance Services LLC

525 Junction Road Madison, WI 53717

The Benefit Works LLC

6200 Mineral Point Rd Madison, WI 53705

WBA Employee Benefits Corporation

4721 S Biltmore Ln Madison, WI 53718

Hausmann-Johnson Insurance Inc

700 Regent St Madison, WI 53715

Greater Ins Svc Corp

P O Box 8633 Madison, WI 53708

Gander Consulting Group, LLC

621 North Sherman Avenue Madison, WI 53704

Consumers Insurance Services, Inc.

PO Box 7698 Madison, WI 53707

National CU Svcs Inc

P O Box 8063 Madison, WI 53708

See All

Not sure about Madison

Check out these other Wisconsin cities...

Milwaukee

$1,011

The average Madison resident's annual cost of coverage

40%

Our customer's average savings after comparing insurance

162

That's equal to 162 cups of coffee or $404 in savings

See How Much You Can Save in Madison

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Additional Resources:

Madison Car Insurance

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