Car Insurance In Madison, Wisconsin (2021)

madison car insurance

What Is The Average Car Insurance In Madison?

The average car insurance in Madison is around $1,155 for car insurance. Madison is the second largest city in Wisconsin. 

The average insurance in Wisconsin is around $1,181, the national average car insurance rate is $1,548.

Why Impacts Car Insurance In Madison?

Car Theft Rate

Over 540 cars were stolen in Madison according Neighborhoodscout .  Madison has a population of 233,300 and  2.1 stolen cars per 100 residents. The national average is 2.29 cars stolen per 100 residents. 

The chance of getting your car stolen is lower than the national average.  The low rate of car theft is a major contributor in Madison’s average rates being 25% lower than the national average

Fatality Rate

The fatality rates are also a major factor which impacts the car insurance rates of your ZIP or city.

Crime Rate

Overall crime is much lower in Madison than the rest of the state. This also leads to the much lower car insurance costs compared to the rest of the state.  


Madison Car Insurance Rates By Age

Car insurance is based on many factors and one the biggest factors is age.  In Madison the age group that pays the lowest car insurance premiums are this in their 50s.  

The average annual premium for drivers in their 50s is around $970 per year.  Drivers in their 60s also pay below the average at $1,010 per year.

 Teenage drivers pay the highest annual premiums. On average teenage drivers pay over $4,710 a year on car insurance. 

The largest drop in annual premiums occurs once drivers reach 20 years of age.  Drivers in their 20s pay around $1,500 which is a savings of almost $3,210 per year. 


Madison Car Insurance Rates By Marital Status & Gender

Marital status and gender can play a role in calculating your car insurance premiums.  In Madison married drivers pay the same as the single drivers. 

 In many parts of the country married drives pay less than single drivers. Even divorced or and widowed drivers surprisingly pay less than single drivers.

 When it comes to the car insurance cost gap, female drivers in Madison pay on average $19 less on car insurance than male drivers. 

Car Insurance Rates By Driving History 

One of the most important factors in determining how much you pay for your Madison car insurance is your driving history 

You might not have control of where you live but you are in full control of how many tickets you get.  Keeping a clean record can save you hundred of dollars on your car insurance.  

Madison drivers will pay an extra $510 per year for car insurance with 1 reckless driving charge.  An at fault accident with damages of $2,000 or more will cost you $490 more a year. 


Key Takeaways 

  • Maintain a clean driving record
  • Add anti-theft devices if you live in an area with high car theft
  • Take advantage of age and marital status to get better car insurance rates
QuotesPilot content is not written by a licensed  insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for your situation.