The words “bargain” and “insurance” really shouldn’t be used together, in particular when shopping around for the best car insurance rates for hybrid vehicles. Because of the high cost, let’s open your eyes to some of the things that impact car insurance premiums, and figure out some ways to lower the price of your next policy.
For hybrids, one of the largest factors that determine the cost of insurance is where you choose to live. Areas with a lot of weather claims or more people will most likely pay more, whereas less populated areas receive better rates.
The illustration below shows the most costly cities in Wisconsin for hybrid vehicles to buy car insurance in. Madison is ranked at #17 with an annual cost of $1,030 for the average insured, which is around $86 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Milwaukee | $1,396 |
| 2 | Wauwatosa | $1,359 |
| 3 | Kenosha | $1,218 |
| 4 | Greenfield | $1,204 |
| 5 | West Allis | $1,198 |
| 6 | Racine | $1,193 |
| 7 | Franklin | $1,163 |
| 8 | Oak Creek | $1,154 |
| 9 | Beloit | $1,130 |
| 10 | New Berlin | $1,060 |
| 11 | La Crosse | $1,053 |
| 12 | Eau Claire | $1,049 |
| 13 | Wausau | $1,047 |
| 14 | Menomonee Falls | $1,037 |
| 15 | Brookfield | $1,035 |
| 16 | Waukesha | $1,034 |
| 17 | Madison | $1,030 |
| 18 | Janesville | $1,022 |
| 19 | West Bend | $987 |
| 20 | Manitowoc | $987 |
| Compare Prices Now Go | ||
Premium amounts are approximated as the specific area where the vehicle is garaged can lower or raise coverage rates greatly.
Trying to find low-priced car insurance is hard enough, and determining which company has the cheapest insurance rates for hybrid vehicles will involve even more shopping around. Every insurance company has their own guidelines for determining rates in each state, so let’s begin by taking a look at the insurance companies with the overall best prices in Madison.
We do need to point out that Madison, WI insurance rates are based on many factors that will increase or decrease the price of coverage. Events like a birthday, getting married, or getting a ticket for running a stop sign can produce rate changes resulting in some rates now being cheaper than others.
Find Cheaper Car Insurance for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $580 |
| 2 | Partners Mutual | $626 |
| 3 | Erie | $696 |
| 4 | Rockford Mutual | $754 |
| 5 | Integrity Mutual | $762 |
| 6 | Nationwide | $768 |
| 7 | Rural Mutual Insurance | $772 |
| 8 | Pekin Insurance | $775 |
| 9 | Western National | $801 |
| 10 | Travelers | $804 |
| 11 | State Farm | $896 |
| 12 | The Hartford | $912 |
| 13 | West Bend Mutual | $926 |
| 14 | Auto Club Group | $948 |
| 15 | General Casualty | $954 |
| 16 | Farmers | $1,130 |
| 17 | Auto-Owners | $1,160 |
| 18 | Progressive | $1,164 |
| 19 | American Family | $1,171 |
| 20 | GEICO | $1,190 |
| Find Your Rate Go | ||
USAA generally has some of the cheapest car insurance rates in Madison at around $580 a year. This is $581 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Integrity Mutual also make the cut as some of the best Madison, WI car insurance companies.
In the above example, if you currently buy coverage from Rockford Mutual and switched to Partners Mutual, you might realize savings of upwards of $128. Policyholders with Integrity Mutual might save as much as $136 a year, and Nationwide policyholders might cut rates by $142 a year.
Remember that these premium estimates are averages for all ages of drivers and types of vehicles and and are not calculated with a vehicle location for hybrid vehicles. So the insurer that fits your needs best may not even be in the top 30 companies in the list above. That is why you need to get auto insurance quotes using your own driver data and vehicle information.
The vehicle you are buying coverage for is probably the biggest factor that determines the availability of low-cost auto insurance for hybrid vehicles. Vehicles with reasonable performance levels, good crash test ratings, or a positive history of liability claims will cost significantly less to insure than high performance models.
The next table estimates coverage prices for the most cost-effective vehicles to insure in Wisconsin.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $961 |
| Toyota Prius | $1,063 |
| Hyundai Elantra GLS Touring Station Wagon | $1,097 |
| Toyota RAV4 Limited 4WD | $1,135 |
| Honda Accord LX-P 4-Dr Sedan | $1,179 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,189 |
| Ford Escape XLT 4WD | $1,206 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,217 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,226 |
| Kia Optima LX | $1,217 |
| Volkswagen Jetta SEL 4-Dr Sedan | $1,227 |
| Ford F-150 XLT Super Cab 4WD | $1,257 |
| Honda Odyssey EX | $1,277 |
| Start a Quote Go | |
Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in vehicle garaging location which can alter prices noticeably.
Based upon these rates, vehicles like the Honda CR-V, Toyota Prius, Hyundai Elantra, Toyota RAV4, and Honda Accord are most likely going to be a few of the most affordable vehicles to insure for hybrids.
Choosing the right insurance company can be a challenge considering how many companies sell insurance in Madison. The rank data below may help you choose which car insurance providers to look at when shopping around.
The rankings below are only comprised of companies that insure vehicles nationwide, so companies that focus mainly on Wisconsin business will not be included in this list. If you’d like to compare prices from the insurers below and more, click this link.
| 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 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Get discount Madison auto insurance
Insurance companies that offer quotes for hybrid vehicles may also offer policy discounts that can lower rates by as much as 30% if you qualify. A few of the larger companies and their offered discounts can be read below.
- GEICO may offer discounts for multi-policy, federal employee, five-year accident-free, multi-vehicle, and anti-theft.
- Travelers offers discounts including save driver, home ownership, multi-car, IntelliDrive, driver training, and student away at school.
- Farm Bureau has discounts for safe driver, multi-policy, 55 and retired, renewal discount, and driver training.
- Liberty Mutual may have discounts that include hybrid vehicle, newly retired, new move discount, good student, newly married, teen driver discount, and multi-policy.
- American Family has savings for good student, early bird, mySafetyValet, TimeAway discount, air bags, and Steer into Savings.
- Progressive offers premium reductions for good student, online signing, continuous coverage, homeowner, and multi-policy.
The information below illustrates the comparison of annual premium costs with and without discounts applied to the rates. The costs are based on a male driver, no driving violations, no at-fault accidents, Wisconsin state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, multiple policy, homeowner, vehicle safety, claim-free, and accident-free discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for hybrid vehicles is 28% or $490.
How to find low-cost insurance for hybrid vehicles
It is possible to find better rates, and here are some of the recommended thrifty solutions that can help drivers buy low-cost car insurance.
- Increase your credit rating
- Increase your deductibles
- Frequent claims may make car insurance unaffordable
- At-fault accidents will increase rates
- Tickets and violations raise rates
- Save money by bundling your home and auto policies
- Keep rates low by shopping around frequently
The last idea is highly necessary, as we emphasized in this write-up. Coverage rates vary greatly, so don’t hesitate to buy a policy from a new company if a lower price can be found.
Brand loyalty is not necessarily bad, but we do not recommend it if that loyalty results in overpaying a fortune every year. Take a couple minutes and compare rates and find cheaper auto insurance for hybrid vehicles in Madison.
The agents shown below are a good start to aid you in deciding which is the best policy, as many consumers aren’t sure which coverage to buy and prefer to get some guidance when buying car insurance for hybrids. It can be complicated to find the best rates on your own, so agents can provide comfort knowing your policy gives you adequate coverage when you need it most.
To find a Madison insurance agent using an interactive map, click the button at the bottom or click here to compare price quotes.
American Family Insurance – Jennifer Haack Agency LLC
3312 Packers Ave – Madison, WI 53704 – (608) 249-2182
American Family Insurance – D Webster-Scher Agency Inc.
637 E Washington Ave – Madison, WI 53703 – (608) 249-3111
American Family Insurance – Leah Salter
5025 Old Middleton Rd – Madison, WI 53705 – (608) 273-8555
Farmers Insurance – The Arttus Agency
624A Struck St – Madison, WI 53719 – (608) 271-9395