Cheapest car insurance in Madison

 The average cost of car insurance in Madison is comparable to the state average, which is $1,186 per year for full coverage. Car insurance in Madison is significantly less expensive than the national average rate of $1,674 in the United States. Based on market share, the table below highlights the cheapest car insurance prices in Madison for the top carriers.

Geico and State Farm, for example, have extremely low premiums but very limited coverage. If you want to add specific endorsements, you should buy a policy from AAA or Erie. 

J.D. Power's customer satisfaction ratings for these providers are all over the place. USAA, Geico, and Erie are all rated above average, while State Farm is rated slightly below average and AAA is near the bottom. Similarly, State Farm, Erie, and USAA are the only carriers with above-average J.D. Power claims satisfaction ratings.

Madison insurance requirements

 

In Madison, car insurance is required by law. Drivers must have at least 25/50/10 personal liability insurance, which includes the following coverages: 

Per person, bodily injury coverage of $25,000 is provided.

 

$50,000 in bodily injury coverage per accident

 

Per accident, $10,000 in property damage coverage is provided.

To get the best rate, many drivers choose minimum coverage insurance. There is no guarantee, however, that minimum coverage insurance will cover your entire financial liability in the event of an at-fault accident. Furthermore, if you lease or finance your car, your lender will almost certainly require you to carry full coverage insurance until your loan is repaid.

Madison car insurance discounts

 

Most car insurance companies in Madison provide discounts that can help drivers reduce their insurance premiums. Some of the most popular car insurance discounts in Madison are: 

Claims-free discount: If you haven't had any insurance claims in the last few years, you may be able to get a discount on your policy.

 

Drivers who insure two or more vehicles on their car insurance policy typically receive a lower rate.

 

Pay in full discount: Drivers who can afford to pay their annual premium in full upfront often save money on their insurance.

Good student discount: If you are a high school or college student with a minimum GPA, most insurance companies will give you a discount on your auto insurance policy.