The car, truck, or SUV you are insuring is a significant factor when shopping around for the most economical insurance for a learners permit. Vehicles with lower performance, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models. The next list illustrates auto insurance prices for some of the more affordable automobiles to insure in Wisconsin.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $4,241 |
| Honda CR-V EX-L 4WD | $4,283 |
| Hyundai Elantra SE Touring Station Wagon | $4,544 |
| Ford Escape Limited 4WD | $4,551 |
| Toyota Prius | $4,583 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $4,773 |
| Ford Edge SEL AWD | $4,991 |
| Ford Focus S 4-Dr Sedan | $5,000 |
| Toyota RAV4 Sport 2WD | $5,033 |
| Chevrolet Impala LT | $5,043 |
| Jeep Grand Cherokee Laredo 2WD | $5,033 |
| Ford Explorer Eddie Bauer 4WD | $5,073 |
| Dodge Grand Caravan SXT | $5,078 |
| Chevrolet Malibu LT | $5,073 |
| Toyota Tacoma Double Cab 4WD | $5,078 |
| Ford F-150 Lariat Crew Cab 2WD | $5,073 |
| Honda Civic LX-S 4-Dr Sedan | $5,252 |
| Honda Odyssey EX-L | $5,293 |
| Toyota Camry SE | $5,301 |
| Toyota Corolla S | $5,293 |
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in vehicle garaging location which can influence rates noticeably.
Based upon the rates shown, you can infer that cars like the Honda Accord, Honda CR-V, Hyundai Elantra, Ford Escape, and Toyota Prius are most likely going to be some of the most affordable vehicles to insure for new drivers. Auto insurance rates will tend to be more expensive anyway because of the fact that there is more claim risk for a learners permit, but overall those vehicles will most likely have the lowest insurance prices that you’ll find.
Determining which company has the cheapest auto insurance rates for a learners permit involves a little more effort than just getting one or two price quotes.
Every car insurance company uses their own formula for determining prices, so let’s take a look at the most competitive auto insurance companies in Wisconsin. We do need to point out that Wisconsin auto insurance rates are calculated based on many things which can significantly increase or decrease the policy price. Simply having another birthday, having a teenage driver, or getting a reckless driving citation can trigger price changes that may make certain companies cheaper than competitors.
Cheap Insurance Rates in Wisconsin
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $604 |
| 2 | Partners Mutual | $632 |
| 3 | Erie | $724 |
| 4 | Nationwide | $752 |
| 5 | Rockford Mutual | $754 |
| 6 | Pekin Insurance | $768 |
| 7 | Western National | $769 |
| 8 | Rural Mutual Insurance | $772 |
| 9 | Integrity Mutual | $786 |
| 10 | Travelers | $828 |
| 11 | West Bend Mutual | $899 |
| 12 | State Farm | $905 |
| 13 | The Hartford | $912 |
| 14 | Auto Club Group | $939 |
| 15 | General Casualty | $964 |
| 16 | Auto-Owners | $1,114 |
| 17 | Progressive | $1,130 |
| 18 | American Family | $1,159 |
| 19 | Farmers | $1,176 |
| 20 | GEICO | $1,202 |
| View More Rates Go | ||
USAA offers some of the cheapest car insurance rates in Madison at around $604 each year. Partners Mutual, Erie, Nationwide, and Rockford Mutual are also some of the cheapest Madison, WI car insurance companies.
In the above example, if you currently have a policy with Partners Mutual and switched to USAA, you could earn a yearly savings of about $28. Customers with Erie might save as much as $120 a year, and Nationwide policyholders might realize rate reductions of up to $148 a year.
To find the cheapest rates for your vehicle, click here to start a quote or click several companies below for low rates.
Remember that these prices are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for a learners permit. So the company that is best for you may not even be in the list above. That underscores the importance of why you need to get car insurance quotes using your own driver data and vehicle information.
For new drivers, one of the largest considerations that are used to help calculate the amount you pay each year for auto insurance is where you choose to live in Madison. Cities with larger populations tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The table below ranks the most expensive areas in Wisconsin for a learners permit to buy an auto insurance policy in. Madison shows up at #16 with an annual premium of $1,030 for coverage, which is about $86 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Milwaukee | $1,396 |
| 2 | Wauwatosa | $1,305 |
| 3 | West Allis | $1,246 |
| 4 | Kenosha | $1,194 |
| 5 | Racine | $1,193 |
| 6 | Greenfield | $1,192 |
| 7 | Oak Creek | $1,154 |
| 8 | Beloit | $1,118 |
| 9 | Franklin | $1,117 |
| 10 | Wausau | $1,079 |
| 11 | Menomonee Falls | $1,068 |
| 12 | Brookfield | $1,067 |
| 13 | Waukesha | $1,054 |
| 14 | Janesville | $1,053 |
| 15 | Eau Claire | $1,049 |
| 16 | Madison | $1,030 |
| 17 | La Crosse | $1,022 |
| 18 | New Berlin | $1,018 |
| 19 | Oshkosh | $989 |
| 20 | West Bend | $987 |
| 21 | Manitowoc | $987 |
| 22 | Appleton | $964 |
| 23 | Fond du Lac | $956 |
| 24 | Sheboygan | $953 |
| 25 | Green Bay | $941 |
| Compare Rates Now Go | ||
Prices are estimated as the garaging address in Madison can modify coverage rates considerably.
Liability rates compared to full coverage
Buying cheaper auto insurance should be important to the majority of vehicle owners, and one of the easiest ways to lower the cost of insurance for a learners permit is to buy only liability coverage. The diagram below visualizes the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
If all age groups are averaged, full coverage on your policy costs $974 per year more than just insuring for liability. Many people question if paying for full coverage is a waste of money. There is no specific rule for dropping physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
Ending up with the right company can be rather challenging considering how many choices drivers have in Wisconsin. The company ratings shown next could help you decide which auto insurance companies to look at when insurance shopping for a learners permit. These rankings are for companies with a nationwide focus, so companies that focus mainly on Wisconsin business are not taken into consideration for this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Ideas for finding low-cost insurance for a learners permit
The list below summarizes many money-saving ideas that can help Wisconsin drivers find more affordable auto insurance.
- Vehicles with good safety ratings have lower liability rates
- Pay less by remaining claim-free
- Tickets and violations raise rates
- Buying home and auto together can help save money
- Do not pay for comprehensive and collision coverage on older vehicles
- Avoid accidents and claims
- Shop around for cheaper prices
The final tip is highly vital, as was stressed in this article. Prices charged by auto insurers adjust frequently, so don’t be afraid to change insurance companies if a better deal can be had.
Staying with the same company for years is fine, but it’s not a good idea if that stubbornness costs you big bucks every year. In just a couple of minutes you could compare rates to find cheaper auto insurance for a learners permit in Madison.
If you aren’t clear which coverage you need and would like to have a little guidance when buying car insurance for new drivers, the agents below can answer your questions and help you decide which insurance coverage will be best for you. To find a Madison insurance agency nearest to you, click the link after the list.
- Allstate Insurance Agent: George McDevitt
4706 Cottage Grove Rd Ste 300 – Madison, WI 53716 – (608) 222-2411 - Melissa Eckstrom – State Farm Insurance Agent
1771 Thierer Rd – Madison, WI 53704 – (608) 663-5000 - American Family Insurance – Jennifer Haack Agency LLC
3312 Packers Ave – Madison, WI 53704 – (608) 249-2182