How Much Does Auto Insurance Cost in Madison?
Madison premiums fall below Wisconsin's average by $54, which is why the city is recognized for its economical premiums. We've analyzed how car insurance rates in Madison compare to costs nationwide.
AUTO INSURANCE PRICES: MADISON VS. NATIONAL/STATE AVERAGES
|City Average||State Average||National Average|
Madison Car Insurance Rates by Age Bracket
When drivers reach their 20s in Madison, therefore moving out of the teenage age bracket, they save an average of $3,913. It is the largest difference between any age group. The first time drivers can expect their age to trigger an increase in rates is when they turn 60. Teenage drivers have the largest premiums amongst all the age groups. They pay around $4,806 on car insurance premiums. Drivers in their 50s save money on premiums, as they have the smallest rates among all age groups, paying only $893 every year. However, those in their 60s ($927) have premiums that aren't much higher.
MADISON CAR INSURANCE COSTS BY DRIVER AGE
Madison Car Insurance by Gender and Marital Status
Pricing for car insurance premiums in Madison is dictated by a lot of things, including marital status and gender. Rates for those who are widowed are slightly cheaper than rates for those who are single. You spend roughly 9% more per year if you're single as opposed to married. Normally, females have premiums that are cheaper than those for males, but not by much.
MADISON AUTO INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Madison Car Insurance by Credit Score
For those with Very Poor credit (300-579), as opposed to Exceptional credit (800-850), car insurance premiums nearly triple. Moving from Very Poor (300-579) to Fair (580-669) hands over the most notable decrease in premiums to drivers, as they save an average of $719 per year.
MADISON AUTO INSURANCE RATES BY CREDIT LEVEL
|Credit Score||Average Rate|
Madison Car Insurance With Accidents or Violations
A history of accidents and violations can cost you in terms of car insurance rates. Reckless driving will increase your car insurance premiums more than other driving violations. Normally, a DUI in Madison will cost you 48% more in car insurance premiums versus the city average ($1,008). Reckless driving will also drive your rates up, with average rates of $1,647. That is 63% higher than the city average! The value of the damage caused by an accident plays a part in the degree to which insurance rates will rise. For those in Madison with at-fault accidents in which damages exceeded $2,000, rates are an average of 19% more than at-fault accidents with damages less than $1,000.
AVERAGE MADISON INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|At-fault Accident (damages less than $1,000)||$1,333|
|At-fault Accident (damages greater than $2,000)||$1,583|
|Speeding Ticket (16-20 mph over speed limit)||$1,264|
What drives up car insurance rates in Madison?
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.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Find Local Madison Agents
Hausmann-Johnson Insurance Inc
700 Regent St Madison, WI 53715
WBA Employee Benefits Corporation
4721 S Biltmore Ln Madison, WI 53718
Neckerman Insurance Services
6200 Mineral Point Road Madison, WI 53705
Consumers Insurance Services, Inc.
PO Box 7698 Madison, WI 53707
Greater Ins Svc Corp
P O Box 8633 Madison, WI 53708
The Benefit Works LLC
6200 Mineral Point Rd Madison, WI 53705
National CU Svcs Inc
P O Box 8063 Madison, WI 53708
Gander Consulting Group, LLC
621 North Sherman Avenue Madison, WI 53704
Johnson Insurance Services LLC
525 Junction Road Madison, WI 53717
2001 W. Beltline Hwy, Suite 201 Madison, WI 53713
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