The words “low-priced” and “auto insurance” really don’t belong together, in particular when you are looking for the cheapest car insurance for 19 year olds. Because it’s so expensive, let’s start the ball rolling by going over a few of the things that impact auto insurance prices, and find out if you can take the sting out of your next policy.
Finding decent, reasonably-priced auto insurance is difficult, and figuring out which company quotes the lowest-priced auto insurance rates for 19 year olds involves even more rate comparisons. Each auto insurance company uses slightly different criteria for determining rates, so let’s begin by examining the auto insurance companies that tend to be cheaper in Madison, WI.
We do need to point out that Madison auto insurance rates are determined by lots of factors that control the cost of your policy. Simply improving your credit score, moving across town, or getting a few speeding tickets may cause policy rate changes that can cause some rates to be much cheaper than others.
Find Cheaper Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $604 |
| 2 | Partners Mutual | $614 |
| 3 | Erie | $703 |
| 4 | Nationwide | $745 |
| 5 | Rockford Mutual | $754 |
| 6 | Pekin Insurance | $775 |
| 7 | Rural Mutual Insurance | $779 |
| 8 | Integrity Mutual | $786 |
| 9 | Western National | $793 |
| 10 | Travelers | $820 |
| 11 | West Bend Mutual | $899 |
| 12 | The Hartford | $922 |
| 13 | State Farm | $923 |
| 14 | General Casualty | $926 |
| 15 | Auto Club Group | $948 |
| 16 | Farmers | $1,141 |
| 17 | Auto-Owners | $1,148 |
| 18 | Progressive | $1,152 |
| 19 | American Family | $1,159 |
| 20 | GEICO | $1,202 |
| Find Your Rate Go | ||
USAA quotes some of the best car insurance rates in Madison at around $604 each year. This is $557 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual also are some of the cheapest Madison, WI car insurance companies.
In the above example, if you currently have coverage with Rockford Mutual and switched to Partners Mutual, you may see an annual premium reduction of approximately $140. Customers with Pekin Insurance may save as much as $161 a year, and Rural Mutual Insurance policyholders might lower prices by $165 a year.
To find out how much you can save, click here to start your free quote or visit several of the following companies.
Bear in mind that those premiums are averages across all drivers and vehicles in Wisconsin and and are not figured with a specific vehicle garaging location for 19 year olds. So the auto insurance company that can offer the best rates for your situation may not even be in the top 30 companies shown above. That point stresses why you need to get rate quotes using your own specific driver and vehicle information.
The vehicle you are buying coverage for is a large consideration in finding the most affordable car insurance for 19 year olds. Vehicles with limited speed and performance, an excellent safety record, or a track record of few liability claims will cost quite a bit less to insure than higher performance models. The next list outlines car insurance costs for the most affordable automobiles to insure in Wisconsin.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,826 |
| Honda CR-V EX 2WD | $2,832 |
| Ford Escape XLS 4WD | $2,826 |
| Toyota Prius | $3,093 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $3,120 |
| Ford F-150 XL Super Cab 2WD | $3,128 |
| Dodge Grand Caravan SE | $3,153 |
| Ford Explorer XLT 2WD | $3,160 |
| Ford Edge Limited 2WD | $3,319 |
| Honda Odyssey EX | $3,325 |
| Chevrolet Equinox LS AWD | $3,352 |
| Chevrolet Malibu Hybrid | $3,362 |
| Ford Fusion S 4-Dr Sedan | $3,352 |
| Nissan Altima 2.5 4-Dr Sedan | $3,360 |
| Volkswagen Jetta S 4-Dr Sedan | $3,352 |
| Toyota RAV4 Limited 2WD | $3,361 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $3,388 |
| Toyota Tacoma Double Cab 4WD | $3,395 |
| Hyundai Elantra Blue 4-Dr Sedan | $3,518 |
| Honda Civic LX-S 4-Dr Sedan | $3,525 |
| Ford Focus SES 4-Dr Sedan | $3,518 |
| Toyota Camry XLE | $3,551 |
| Chevrolet Impala LTZ | $3,560 |
| Find Cheaper Rates Go | |
Prices above based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific zip code location which can change coverage rates considerably.
Looking at the rates, you can expect makes and models like the Honda Accord, Honda CR-V, and Ford Escape are most likely going to be some of the less-costly vehicles to insure for teenage drivers. The price for an auto insurance policy will tend to be higher because there is more liability exposure for 19 year olds, but overall those specific models will have the lowest insurance rates compared to other types of vehicles.
For teenage drivers, one of the big criteria that help determine auto insurance rates is your zip code in Madison. More populated areas tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The table below sorts the most expensive cities in Wisconsin for 19 year olds to buy an auto insurance policy in. Madison shows up at #11 having an annual price of $1,062 for the average insured, which is approximately $89 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Milwaukee | $1,368 |
| 2 | Wauwatosa | $1,319 |
| 3 | West Allis | $1,246 |
| 4 | Kenosha | $1,218 |
| 5 | Greenfield | $1,204 |
| 6 | Racine | $1,193 |
| 7 | Franklin | $1,163 |
| 8 | Oak Creek | $1,154 |
| 9 | Beloit | $1,152 |
| 10 | Brookfield | $1,077 |
| 11 | Madison | $1,062 |
| 12 | New Berlin | $1,060 |
| 13 | Eau Claire | $1,059 |
| 14 | La Crosse | $1,053 |
| 15 | Wausau | $1,047 |
| 16 | Menomonee Falls | $1,037 |
| 17 | Waukesha | $1,034 |
| 18 | Janesville | $1,011 |
| 19 | Manitowoc | $997 |
| 20 | West Bend | $987 |
| Compare Rates Now Go | ||
Rates are approximated as the specific geographic location can change auto insurance rates significantly.
Does full coverage make sense?
Paying less for auto insurance is probably important to most vehicle owners, and one easy way to lower the cost of insurance for 19 year olds is to only buy liability coverage. The diagram below illustrates the difference between car insurance rates with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or accidents, $250 deductibles, single marital status, and no discounts are factored in.
If averaged for all ages, physical damage coverage on your policy costs an extra $1,650 per year more than just insuring for liability. Many of you may wonder if paying for full coverage is a waste of money. There isn’t a written rule of when to stop paying for physical damage insurance, but there is a general convention. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s pretend your vehicle’s claim settlement value is $9,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,500 after paying the physical damage deductible. If you are paying in excess of $850 a year to have full coverage, then it might be time to buy liability only.
There are some cases where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Discounts on Madison insurance
Car insurance companies that provide coverage for 19 year olds may also give you price discounts that may potentially lower prices by as much as 30% if you meet the requirements. Companies and their offered discounts are outlined below.
- State Farm has discounts for anti-theft, accident-free, multiple autos, driver’s education, student away at school, and multiple policy.
- GEICO offers discounts for five-year accident-free, multi-policy, seat belt use, multi-vehicle, driver training, military active duty, and good student.
- Liberty Mutual may have discounts that include preferred payment discount, safety features, new move discount, good student, and hybrid vehicle.
- The Hartford discounts include bundle, air bag, driver training, vehicle fuel type, anti-theft, defensive driver, and good student.
- MetLife may include discounts for good driver, good student, claim-free, multi-policy, defensive driver, and accident-free.
- Progressive offers discounts including continuous coverage, good student, multi-policy, homeowner, multi-vehicle, and online signing.
The diagram below shows the difference between auto insurance rates with and without discounts applied. The premium estimates are based on a male driver, no violations or claims, Wisconsin state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with defensive driving course, multiple vehicle, marriage, vehicle safety, homeowner, and anti-theft discounts applied. When discounts are factored in, the average savings per year on auto insurance for 19 year olds is 28% or $600.
How to find low-cost insurance for 19 year olds
Here are a few money-saving solutions that can help Wisconsin drivers quote cheaper coverage.
- Having at-fault accidents will increase rates
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Drop full coverage on older vehicles
- Increase your deductibles
- Buy a car with high safety ratings
- Better credit scores save money
- Shop around for cheaper prices often
The last tip is incredibly vital, as was pointed out in the prior information. Prices charged by car insurance companies vary greatly, so you should be ready to change insurance companies if a lower price can be found. Many consumers stick with the same company and that’s fine, but is isn’t recommended if it’s costing you a small fortune year after year. If you have a few minutes, compare rates to find cheaper car insurance for 19 year olds in Madison.
The agencies below can probably help you decide which coverage meets your needs best, as many consumers aren’t sure which coverage to buy and prefer to get help from a professional when buying car insurance for teenage drivers. It’s not always simple to find the best policy on your own, so a licensed agent can add satisfaction knowing your policy gives you sufficient coverage at claim time.
To locate a Madison insurance agent closest to you, click the button following the list or click here to compare rates now.
- GEICO Insurance Agent
2001 W Beltline Hwy Suite 100 – Madison, WI 53713 – (608) 242-9322 - Allstate Insurance Agent: Susan Kempfer-Weeks
712 S Gammon Rd – Madison, WI 53719 – (608) 274-4147 - M3 Insurance
828 John Nolen Dr – Madison, WI 53713 – (608) 273-0655 - Wisconsin Insurance Security Fund
2820 Walton Cmns W # 135 – Madison, WI 53718 – (608) 242-9473