For the unemployed, one of the more important components that are looked at to determine the amount you pay each year for auto insurance is where you live in Madison. More densely populated places likely pay more, whereas areas that tend to be more rural profit from lower rates.
The table below ranks the most expensive cities in Wisconsin for unemployed drivers to purchase car insurance in. Madison shows up at #14 with a yearly cost of $1,030 for the average insurance policy, which is around $86 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Milwaukee | $1,410 |
| 2 | Wauwatosa | $1,345 |
| 3 | Racine | $1,217 |
| 4 | West Allis | $1,198 |
| 5 | Greenfield | $1,192 |
| 6 | Oak Creek | $1,190 |
| 7 | Kenosha | $1,182 |
| 8 | Beloit | $1,164 |
| 9 | Franklin | $1,117 |
| 10 | Wausau | $1,079 |
| 11 | Brookfield | $1,067 |
| 12 | Eau Claire | $1,059 |
| 13 | Waukesha | $1,054 |
| 14 | Madison | $1,030 |
| 15 | Menomonee Falls | $1,026 |
| 16 | Janesville | $1,022 |
| 17 | La Crosse | $1,022 |
| 18 | New Berlin | $1,018 |
| 19 | West Bend | $1,017 |
| 20 | Fond du Lac | $995 |
| 21 | Oshkosh | $980 |
| 22 | Green Bay | $969 |
| 23 | Manitowoc | $967 |
| 24 | Appleton | $964 |
| 25 | Sheboygan | $925 |
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Rate information is approximated as zip code location can change coverage prices significantly.
Comparing quotes for low-cost auto insurance is not the easiest thing to do, and finding out which companies offer the best car insurance rates for unemployed drivers may require additional perseverance.
Each auto insurance company has a unique formula to set premium rates, so first let’s look at the rankings for the overall cheapest car insurance companies in Madison, WI.
Lowest Insurance Price Quotes for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $586 |
| 2 | Partners Mutual | $608 |
| 3 | Erie | $724 |
| 4 | Rockford Mutual | $732 |
| 5 | Rural Mutual Insurance | $749 |
| 6 | Nationwide | $752 |
| 7 | Pekin Insurance | $775 |
| 8 | Integrity Mutual | $786 |
| 9 | Travelers | $796 |
| 10 | Western National | $801 |
| 11 | West Bend Mutual | $899 |
| 12 | State Farm | $923 |
| 13 | Auto Club Group | $939 |
| 14 | The Hartford | $940 |
| 15 | General Casualty | $964 |
| 16 | Progressive | $1,118 |
| 17 | Farmers | $1,130 |
| 18 | American Family | $1,137 |
| 19 | Auto-Owners | $1,148 |
| 20 | State Auto | $1,235 |
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USAA offers some of the cheapest car insurance rates in Madison at around $586 annually. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance are also some of the best Madison, WI auto insurance companies.
In this example, if you currently have coverage with Partners Mutual and switched to USAA, you could see savings of in the neighborhood of $22. Customers with Erie could save as much as $138 a year, and Rockford Mutual insureds might see rate reductions of $146 a year.
To compare your rates to other Wisconsin insurance companies, click here to begin a quote or quote rates from the companies below.
Understand that those prices are averages across all types of drivers and the different vehicles they drive and do not factor in a specific zip code for unemployed drivers. So the auto insurance company that can offer you the best price may not even be in the top 30 companies in the list above. That illustrates why you need to get quotes using your own personal information and vehicle type.
The car, truck, or SUV to be insured is one of the primary factors when comparison shopping for the lowest-priced car insurance for unemployed drivers. Vehicles with lots of horsepower, a lack of modern safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.
The table below features auto insurance rates for the more affordable vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $983 |
| Toyota Prius | $1,063 |
| Ford F-150 FX2 Super Cab 2WD | $1,077 |
| Ford Edge SE AWD | $1,112 |
| Toyota RAV4 Limited 4WD | $1,135 |
| Dodge Grand Caravan Crew | $1,157 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,166 |
| Ford Focus SES 4-Dr Sedan | $1,172 |
| Honda Civic LX 4-Dr Sedan | $1,180 |
| Ford Escape Limited 4WD | $1,190 |
| Honda Accord EX-L 4-Dr Sedan | $1,195 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,195 |
| Nissan Rogue SL 2WD | $1,217 |
| GMC Sierra 3500HD SLE Extended Cab 2WD | $1,239 |
| Volkswagen Jetta 2.0T Station Wagon | $1,284 |
| Toyota Camry Hybrid | $1,299 |
| Kia Optima EX | $1,306 |
| Jeep Grand Cherokee Laredo 4WD | $1,301 |
| Nissan Altima 2.5 4-Dr Sedan | $1,309 |
| Chevrolet Equinox LT AWD | $1,301 |
| Ford Explorer Eddie Bauer 2WD | $1,319 |
| Honda Odyssey EX W/Rear Entertainment | $1,366 |
| Chevrolet Impala LTZ | $1,370 |
| Find Cheaper Rates Go | |
Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium amounts do not factor in vehicle garaging location which can raise or lower premium rates noticeably.
Based upon the rates shown, we can expect cars like the Honda CR-V, Toyota Prius, and Ford F-150 should be some of the most affordable vehicles to insure for the unemployed.
Choosing the top auto insurance company is difficult considering how many choices you have in Wisconsin. The rank data displayed below could help you pick which providers to look at putting your business with.
These ratings include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Wisconsin or surrounding areas will not be included in these rankings. If you would like to check rates from many more Wisconsin auto insurance companies, click this link.
Top 10 Major Auto Insurance Providers Overall in Madison
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Get discounts on Madison car insurance rates
Auto insurance companies that sell policies for unemployed drivers may also provide price discounts that can reduce rates by 35% or more if you can meet the requirements. Large car insurance companies and some of the discounts can be read below.
- State Farm may include discounts for good student, driver’s education, multiple policy, passive restraint, Steer Clear safe driver discount, and defensive driving training.
- GEICO includes discounts for five-year accident-free, multi-policy, driver training, multi-vehicle, and defensive driver.
- Liberty Mutual may offer discounts for newly retired, safety features, new vehicle discount, multi-car, and preferred payment discount.
- The Hartford may have discounts that include air bag, good student, driver training, anti-theft, bundle, and vehicle fuel type.
- MetLife has discounts for good driver, multi-policy, accident-free, good student, claim-free, defensive driver
- Progressive policyholders can earn discounts including multi-policy, online signing, good student, online quote discount, and multi-vehicle.
The example below shows the comparison of auto insurance costs with and without discounts. The premium estimates are based on a female driver, no claims or driving citations, Wisconsin state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with homeowner, multiple policy, claim-free, marriage, accident-free, and safe-driver discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for unemployed drivers is 28% or $426.
Last year’s bargain might be this year’s rip off
Madison, WI car insurance rates are based on many factors that will increase or decrease the price you pay for coverage. Improving your credit rating, buying a new vehicle, or having an at-fault accident can trigger price changes that can cause some rates to be much cheaper than others. Additionally, auto insurance companies change prices as often as every quarter to ensure their profitability. Higher than normal claim frequency or severity may cause additional price hikes, while lower claim levels can produce lower-priced Madison car insurance rates.
The graph below analyzes the cheapest car insurance in Madison, WI for a 40-year-old female driver with no accidents, a clean driving record, and excellent credit. Based on her current risk factors, USAA may offer the most affordable car insurance rates in Madison at $652 per year. This is $509 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual are the remainder of the most affordable Madison, WI auto insurance companies.
The example below compares rates after we give the driver from above a claim, slightly worse credit, and a couple of points charged on her driving record. Since every car insurance company uses their own method for setting prices, analyzing rate quotes will most likely result in a different list of the cheapest Madison car insurance companies as shown below.
Integrity Mutual now has the cheapest auto insurance in Madison, WI with Pekin Insurance, Western National, Travelers, and Partners Mutual completing the list. This shows why consumers need to take the time to compare lots of rates when trying to get the most affordable auto insurance rates for unemployed drivers.
Rates are impacted by many risk factors and change frequently, so the most economical option the last time you shopped your coverage around may now be quite expensive.