Trying to come up with a payment for pricey auto insurance can diminish your savings account and possibly require you to analyze your spending habits. Doing a price comparison can be a smart way to lower your bills every month.
It’s astonishing, but almost 70% of insureds have stayed with the same insurance company for at least the last four years, and nearly the majority have never quoted auto insurance rates at all. Consumers in Madison could save $373 a year by just comparing quotes, but they just don’t understand the big savings they would realize if they bought a different policy.
Steps to quoting cheaper Subaru Impreza insurance in Madison
If your goal is the lowest price, then the best way to save money on Subaru Impreza insurance in Madison is to compare quotes annually from different companies that sell auto insurance in Wisconsin. Prices can be compared by following these steps.
Step 1: Take a little time to learn about auto insurance and the things you can change to prevent high rates. Many rating factors that are responsible for high rates such as traffic citations, accidents, and poor credit history can be rectified by making minor changes to your lifestyle.
Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple sources.
Step 3: Compare the quotes to your existing policy and see if you can save money. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.
A tip to remember is to make sure you’re comparing similar deductibles and liability limits on every quote and to quote with every company you can. This provides an apples-to-apples comparison and the best price selection.
You have multiple insurance companies to pick from, and although it’s a good thing to have a choice, more options can take longer to find the lowest cost provider for Subaru Impreza insurance in Madison.
This article’s goal is to let you in on the best way to quote coverages and also save some money in the process If you are already insured, you stand a good chance to be able to lower your rates using the ideas presented in this article. Consumers just need to know the most effective way to buy auto insurance using one simple form.
The best way to get policy rate comparisons for Subaru Impreza insurance in Madison is to realize most of the larger companies participate in online systems to provide you with a free rate quote. To start a quote, the only thing you need to do is provide details such as whether you drive to work or school, your credit rating estimate, if you’re married, and if your license is active. Your rating data gets sent immediately to many of the top insurers and you will receive price estimates quickly.
To compare multiple company cheap Subaru Impreza insurance rates now, click here and enter your zip code.
The following companies are our best choices to provide price comparisons in Madison, WI. To find the best car insurance in Wisconsin, it’s a good idea that you visit several of them in order to find the cheapest rates.
Rates and data analysis
The coverage information displayed next highlights estimates of coverage costs for Subaru Impreza models. Having knowledge of how prices are determined can assist in making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $106 | $174 | $298 | $18 | $90 | $686 | $57 |
| Impreza 2.5I 4WD Station Wagon | $106 | $174 | $298 | $18 | $90 | $686 | $57 |
| Impreza Outback Sport 4WD Station Wagon | $106 | $212 | $298 | $18 | $90 | $724 | $60 |
| Impreza 2.5I AWD 4-Dr | $118 | $212 | $298 | $18 | $90 | $736 | $61 |
| Impreza 2.5I Premium Package AWD 4-Dr | $118 | $250 | $298 | $18 | $90 | $774 | $65 |
| Impreza WRX 4WD Station Wagon | $118 | $250 | $298 | $18 | $90 | $774 | $65 |
| Impreza 2.5 GT 4WD Station Wagon | $132 | $250 | $298 | $18 | $90 | $788 | $66 |
| Impreza WRX AWD 4-Dr | $132 | $288 | $298 | $18 | $90 | $826 | $69 |
| Impreza 2.5I GT AWD 4-Dr | $132 | $288 | $298 | $18 | $90 | $826 | $69 |
| Impreza WRX STI 4WD Station Wagon | $132 | $288 | $298 | $18 | $90 | $826 | $69 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium amounts do not factor in specific location information which can impact premiums substantially.
Rate comparison for different deductibles
One of the more difficult decisions when buying auto insurance is which comprehensive and collision deductibles to buy. The rates below can help show the rate fluctuation of buying low and high policy deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $178 | $246 | $230 | $14 | $68 | $761 | $63 |
| Impreza 2.5I 4WD Station Wagon | $178 | $246 | $230 | $14 | $68 | $761 | $63 |
| Impreza Outback Sport 4WD Station Wagon | $178 | $300 | $230 | $14 | $68 | $815 | $68 |
| Impreza 2.5I AWD 4-Dr | $200 | $300 | $230 | $14 | $68 | $837 | $70 |
| Impreza 2.5I Premium Package AWD 4-Dr | $200 | $352 | $230 | $14 | $68 | $889 | $74 |
| Impreza WRX 4WD Station Wagon | $200 | $352 | $230 | $14 | $68 | $889 | $74 |
| Impreza 2.5 GT 4WD Station Wagon | $224 | $352 | $230 | $14 | $68 | $913 | $76 |
| Impreza WRX AWD 4-Dr | $224 | $406 | $230 | $14 | $68 | $967 | $81 |
| Impreza 2.5I GT AWD 4-Dr | $224 | $406 | $230 | $14 | $68 | $967 | $81 |
| Impreza WRX STI 4WD Station Wagon | $224 | $406 | $230 | $14 | $68 | $967 | $81 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $110 | $154 | $230 | $14 | $68 | $576 | $48 |
| Impreza 2.5I 4WD Station Wagon | $110 | $154 | $230 | $14 | $68 | $576 | $48 |
| Impreza Outback Sport 4WD Station Wagon | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| Impreza 2.5I AWD 4-Dr | $124 | $188 | $230 | $14 | $68 | $624 | $52 |
| Impreza 2.5I Premium Package AWD 4-Dr | $124 | $222 | $230 | $14 | $68 | $658 | $55 |
| Impreza WRX 4WD Station Wagon | $124 | $222 | $230 | $14 | $68 | $658 | $55 |
| Impreza 2.5 GT 4WD Station Wagon | $138 | $222 | $230 | $14 | $68 | $672 | $56 |
| Impreza WRX AWD 4-Dr | $138 | $256 | $230 | $14 | $68 | $706 | $59 |
| Impreza 2.5I GT AWD 4-Dr | $138 | $256 | $230 | $14 | $68 | $706 | $59 |
| Impreza WRX STI 4WD Station Wagon | $138 | $256 | $230 | $14 | $68 | $706 | $59 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Table data does not factor in Madison location which can decrease or increase premium rates noticeably.
We can derive from the above data that using a $250 deductible could cost the average driver approximately $19 more each month or $228 annually averaged for all Impreza models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 39 months between claims, you would come out ahead if you decide on a higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $250 deductibles: | $73 |
| Average monthly premium for $1,000 deductibles (subtract): | – $54 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 39 months |
One important note is that higher deductibles means you will have to pay more out-of-pocket when you have a physical damage claim. You will want to have enough money put aside in the event you need to pay more for the deductible.
Full coverage or liability only
The diagram below visualizes the comparison of Subaru Impreza insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. The rate quotes are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no set guideline of when to stop paying for full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Subaru Impreza book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $5,000 after you pay the deductible. If you are paying more than $500 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some scenarios where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.
Take policy discounts and save on Subaru Impreza insurance in Madison
Some insurers don’t always list every discount available very well, so here is a list both well-publicized in addition to some of the lesser obvious savings tricks you should be using when you buy Madison auto insurance online.
- Professional Memberships – Participating in specific professional or occupational memberships or organizations is a simple method to lower premiums when getting a Madison auto insurance quote.
- No Charge for an Accident – Not a discount per se, but companies like Liberty Mutual, GEICO and Allstate will turn a blind eye to one accident before your rates go up as long as you don’t have any claims for a set time period.
- Life Insurance – Larger insurance carriers have lower auto insurance rates if you buy a life policy as well.
- Anti-theft Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
- No Accidents – Drivers with accident-free driving histories can save substantially when compared with drivers who are more careless.
- Good Grades Discount – Getting good grades can earn a discount of 20% or more. You can use this discount normally until age 25.
- Save over 55 – Drivers over the age of 55 can get a discount up to 10%.
- Seat Belts Save – Forcing all vehicle occupants to buckle up before driving can save 10% or more on the premium charged for medical payments and/or PIP.
- Payment Method – By paying your policy upfront rather than paying in monthly installments you could save 5% or more.
Consumers should know that most credits do not apply to the whole policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. Even though it appears having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
The diagram below shows the comparison of Subaru Impreza insurance costs with and without discounts applied. The data assumes a male driver, a clean driving record, no at-fault accidents, Wisconsin state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, homeowner, safe-driver, and multi-car discounts applied.
The best auto insurance companies and some of the premium reductions they offer can be found below.
- GEICO may include discounts for anti-lock brakes, membership and employees, multi-vehicle, driver training, and good student.
- MetLife discounts include multi-policy, defensive driver, good driver, claim-free, accident-free, good student
- Progressive offers discounts including online signing, good student, multi-vehicle, multi-policy, continuous coverage, and homeowner.
- Travelers has savings for new car, good student, continuous insurance, student away at school, IntelliDrive, multi-car, and driver training.
- SAFECO offers discounts for bundle discounts, teen safety rewards, safe driver, anti-theft, drive less, and multi-car.
- AAA includes discounts for education and occupation, multi-policy, anti-theft, multi-car, pay-in-full, good driver, and AAA membership discount.
Check with all the companies to give you their best rates. Some of the earlier mentioned discounts may not be available everywhere. To choose auto insurance companies that offer multiple discounts in Wisconsin, click here to view.
Auto insurance protects more than just your car
Despite the high cost of buying insurance for a Subaru Impreza in Madison, auto insurance may not be optional for several reasons.
First, almost all states have mandatory insurance requirements which means the state requires specific limits of liability protection in order to drive the car legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your vehicle, it’s most likely the lender will stipulate that you carry insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank will be required to insure your Subaru at a much higher premium rate and make you pay for the expensive policy.
Third, auto insurance protects not only your car but also your assets. It will also provide coverage for all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers legal expenses if you are sued as the result of your driving. If your Subaru gets damaged, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of carrying adequate insurance are without a doubt worth the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $850 per year so it’s important to compare rates every year to be sure current rates are still competitive.
Wisconsin car insurance companies ranked
Ending up with the right insurance provider is hard considering how many choices you have in Madison. The company rank data listed below could help you decide which car insurance providers to look at purchasing coverage from.
Top 10 Madison Car Insurance Companies Overall
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Don’t assume everyone needs the same insurance coverage
When selecting adequate coverage for your vehicles, there is no cookie cutter policy. Your financial needs are unique so your insurance should reflect that
For instance, these questions can help discover whether or not you may require specific advice.
- What if I total my Subaru Impreza and owe more than it’s worth?
- How high should my uninsured/underinsured coverage be in Wisconsin?
- How much underlying liability do I need for an umbrella policy?
- When should I buy a commercial auto policy?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Is my business laptop covered if it gets stolen from my vehicle?
- Should I drop comprehensive coverage on older vehicles?
If it’s difficult to answer those questions, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It’s fast, free and can provide invaluable advice.
Car insurance quotes from neighborhood Madison auto insurance agents
Many drivers still prefer to sit down with an agent and there is nothing wrong with that. Agents can help determine the best coverages and give you someone to call. The best thing about comparing insurance prices online is you may find better rates and still buy from a local agent. And buying from local insurance agencies is definitely important in Madison.
For easy comparison, once you complete this quick form, the quote information is submitted to companies in Madison who want to provide quotes for your coverage. You never need to find an agent because prices are sent immediately to you. If for some reason you want to quote rates from a particular provider, feel free to go to their quote page and fill out the quote form the provide.
If you’re trying to find a reputable agency, you need to know there are two types of agencies that you can select. Madison agents are either exclusive or independent agents depending on their company appointments. Both types of agents can write car insurance policies, but it’s good to learn the differences since it can affect the kind of agent you use.
Independent Agents (or Brokers)
Independent agents are not employed by one company so they can write business with any number of different companies enabling the ability to shop coverage around. If your premiums go up, they simply move the coverage in-house and you don’t have to find a new agent. When searching for an agent, you will definitely want to contact independent agents to get the best comparison.
Below are Madison independent insurance agencies that can possibly get you free car insurance rate quotes.
Johnson Insurance
525 Junction Rd #2000 – Madison, WI 53717 – (608) 203-3880 – View Map
Prairie Land Insurance Agency
2045 Atwood Ave #113A – Madison, WI 53704 – (608) 251-3009 – View Map
Red Barn Insurance Agency
6666 Odana Rd – Madison, WI 53719 – (608) 467-6804 – View Map
Exclusive Insurance Agents
These agents are contracted to one company like Allstate and State Farm. They are unable to compare rates from other companies so they have no alternatives for high prices. Exclusive agents are well schooled in insurance sales which helps overcome the inability to quote other rates.
The following is a list of exclusive agents in Madison willing to provide rate quotes.
American Family Insurance – Ed Flynn
514 Grand Canyon Dr – Madison, WI 53719 – (608) 833-1717 – View Map
American Family Insurance – Josh Erickson Agency LLC
5530 Eastpark Blvd – Madison, WI 53718 – (608) 241-8444 – View Map
Cheng Vang – State Farm Insurance Agent
2110 N Sherman Ave – Madison, WI 53704 – (608) 661-5700 – View Map
Picking the best car insurance agent requires you to look at more than just a cheap quote. Get answers to these questions too.
- Will the agent or a CSR service your policy?
- Does the quote include credit and driving reports?
- What is their Better Business Bureau rating?
- Can they provide you with a list of referrals?
- Can you contact them at any time?