Key Takeaways
- Erie is the cheapest auto insurance company in Madison for minimum-coverage policies, charging an average $27 a month.
- American Family is the cheapest auto insurance company in Madison for full coverage, with an average rate of $78 a month.
- Car insurance rates in Madison are cheaper than the state averages for minimum coverage ($48 a month vs. $56) and full coverage ($113 vs. $127).
In this article
The cheapest car insurance companies in Madison, Wisconsin
Here are the cheapest car insurance companies for drivers in Madison, according to our survey of the city’s top providers.
Cheapest overall: Erie
Cheapest with a DUI: State Farm
Cheapest for seniors: American Family
Erie is Madison’s cheapest car insurance company by virtue of offering the city’s lowest rate for state-minimum coverage at $27 a month.
State Farm has the city’s cheapest car insurance for drivers with a DUI on their records, with an average rate of $115 a month.
American Family has the lowest average rate for senior drivers in Madison, charging an average of $72 a month.
To find the cheapest rates for the coverage you need, compare auto insurance quotes from several companies.
Wisconsin car insurance minimums
Wisconsin requires drivers in Madison and elsewhere in the state to have 25/50/10 car insurance coverage at a minimum. This means all policies need at least:
- $25,000 of bodily injury liability coverage per person
- $50,000 of bodily injury liability coverage per accident
- $10,000 of property damage liability coverage per accident
Cheapest minimum-coverage auto insurance rates in Madison: Erie
Erie has the cheapest auto insurance for Madison drivers who want state-minimum coverage, with an average rate of $27 a month.
USAA offers an even cheaper rate of $25 a month, but only current and former members of the military, as well as certain family members, can buy coverage there.
The average cost of minimum-coverage car insurance in Madison is $48 a month.
| Insurance company | Monthly rate |
|---|---|
| Erie | $27 |
| American Family | $35 |
| State Farm | $46 |
| City average | $48 |
| GEICO | $53 |
| Progressive | $53 |
| Auto-Owners | $68 |
| Allstate | $74 |
| USAA | $25 |
| Rates are for minimum-coverage car insurance for a 35-year-old male with a good driving record. | |
Minimum-coverage car insurance meets the state’s requirements for liability coverage. Liability coverage pays for injuries and property damage you cause to others. It doesn’t pay for your own medical bills or vehicle repairs.
Although minimum-coverage car insurance usually gets you the cheapest rates, it also offers the least amount of protection if you’re involved in an accident.
Cheapest full-coverage auto insurance rates in Madison: American Family
American Family offers the cheapest car insurance in Madison for drivers who want full-coverage policies at $78 a month.
The average cost of full-coverage car insurance in Madison is $113 a month.
Erie, State Farm, GEICO and USAA all have average rates for full-coverage car insurance that are lower than the city average.
| Insurance company | Monthly rate |
|---|---|
| American Family | $78 |
| Erie | $84 |
| State Farm | $105 |
| GEICO | $112 |
| City average | $113 |
| Progressive | $138 |
| Auto-Owners | $160 |
| Allstate | $165 |
| USAA | $61 |
| Rates are for full-coverage car insurance for a 35-year-old male with a good driving record. | |
Full-coverage car insurance usually includes collision, comprehensive and liability coverages. No state requires full coverage, but you may still need to buy it if you financed or leased your vehicle.
Also, consider getting full coverage even if it’s not required if your vehicle is new or expensive. Otherwise, you might need to pay high out-of-pocket costs if you file a claim for damage done to your vehicle.
Cheapest car insurance for drivers with a prior incident
American Family has the cheapest car insurance for Madison drivers with a speeding ticket on their records. Erie has the city’s cheapest rates for drivers with an accident on their records. We found the lowest average rates for drivers with a DUI from State Farm.
Cheapest for drivers with a speeding ticket: American Family
American Family is the best source for cheap car insurance in Madison if you have a speeding ticket on your driving record. The company’s average rate here is $78 a month for a full-coverage policy.
| Insurance company | Monthly rate |
|---|---|
| American Family | $78 |
| Erie | $84 |
| State Farm | $115 |
| City average | $128 |
| GEICO | $139 |
| Auto-Owners | $160 |
| Progressive | $179 |
| Allstate | $199 |
| USAA | $71 |
| Rates are for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record. | |
Madison drivers with a speeding ticket on their records pay 13% more for auto insurance than they would if they had clean driving records.
Cheapest for drivers with an at-fault accident: Erie
Erie has the cheapest car insurance for Madison drivers with an at-fault accident on their records at $103 a month, on average.
| Insurance company | Monthly rate |
|---|---|
| Erie | $103 |
| State Farm | $125 |
| American Family | $137 |
| City average | $169 |
| Auto-Owners | $190 |
| GEICO | $202 |
| Progressive | $228 |
| Allstate | $278 |
| USAA | $86 |
| Rates are for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record. | |
Madison drivers pay 50% more for car insurance with an accident on their records than if they had clean records. Drivers who get their policies from Erie, though, only pay 23% more.
Cheapest for drivers with a DUI: State Farm
State Farm is the cheapest auto insurance company in Madison for drivers with a DUI on their records, charging $115 a month, on average.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $115 |
| Erie | $121 |
| American Family | $143 |
| Progressive | $154 |
| City average | $170 |
| GEICO | $200 |
| Allstate | $206 |
| Auto-Owners | $315 |
| USAA | $109 |
| Rates are for full-coverage car insurance for a 35-year-old male with one DUI on his driving record. | |
Madison drivers with a DUI pay 50% higher rates for auto insurance than they would if they had a clean driving record. Drivers with State Farm only pay 10% higher rates after a DUI.
Cheapest car insurance for senior drivers: American Family
American Family charges the cheapest car insurance rates for seniors in Madison at $72 a month, on average.
This is for full-coverage car insurance; if you buy less coverage, your rate should be lower.
| Insurance company | Monthly rate |
|---|---|
| American Family | $72 |
| Erie | $78 |
| State Farm | $97 |
| City average | $97 |
| GEICO | $99 |
| Progressive | $110 |
| Auto-Owners | $113 |
| Allstate | $151 |
| USAA | $59 |
| Rates are for full-coverage car insurance for a 60-year-old male with a clean driving record. | |
The average cost of full-coverage car insurance for Madison seniors is $97 a month. Erie, State Farm and USAA all offer average rates lower than this amount.
Cheapest car insurance for young drivers: Erie
Erie charges the cheapest car insurance rates for young drivers in Madison at $59 a month for minimum coverage and $190 a month for full coverage.
| Insurance company | Minimum coverage | Full coverage |
|---|---|---|
| Erie | $59 | $190 |
| American Family | $98 | $200 |
| GEICO | $135 | $308 |
| State Farm | $151 | $336 |
| City average | $156 | $350 |
| Allstate | $230 | $461 |
| Progressive | $246 | $606 |
| Auto-Owners | $272 | $556 |
| USAA | $58 | $140 |
| Rates are for an 18-year-old male with a clean driving record. | ||
Young drivers in Madison pay over 200% more for car insurance than do 35-year-old drivers. Erie drivers only pay about 120% more than their older counterparts, though.
Why do young drivers pay so much for car insurance? Because they’re more likely to be involved in accidents than are older, more experienced drivers.
Car insurance laws in Madison, Wisconsin
SR-22 insurance
Wisconsin drivers need to file an SR-22 form with the state to reinstate their driver’s license under certain circumstances.
An SR-22 proves you’re carrying the minimum amount of car insurance the state requires, at least.
Your insurance provider should provide you with an SR-22 form, which you then fill out and submit to the state DMV.
Madison car insurance FAQ
Who has the cheapest car insurance in Madison, Wisconsin?
Erie has the cheapest car insurance in Madison if you want just a minimum-coverage policy, with an average rate of $27 a month. American Family has the city’s cheapest car insurance if you want full coverage, charging $78 a month.
American Family also has Madison’s cheapest rates for seniors, $72 a month, while Erie has the cheapest rates for teens, $59 a month.
What is the average cost of car insurance in Madison, Wisconsin?
The average cost of car insurance in Madison is $81 a month.
For state-minimum coverage, the average cost is $48 a month, while the average cost of full coverage is $113 a month.
Methodology
We obtained non-binding quotes from Quadrant Information Services for a typical driver in every Madison ZIP code to find the cheapest car insurance companies and rates. Unless otherwise noted, the driver is a 35-year-old male with a clean driving record. He owns a 2012 Honda Accord LX and drives an average 13,500 miles a year.
The teen driver in this article is 18 years old but otherwise fits the same profile as the 35-year-old driver above. The same is true of our senior driver, who is 60.
Minimum-coverage car insurance rates highlighted on this page are based on a policy that meets Wisconsin’s minimum liability requirements. Full-coverage rates are based on a policy with the following limits and deductibles:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per accident
- $100,000 property damage liability coverage
- $500 deductibles for both collision and comprehensive coverage
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