The best way we recommend to get the cheapest auto insurance rates in Madison is to begin comparing prices regularly from providers in Wisconsin. Rates can be compared by completing these steps.
First, spend a few minutes and learn about how car insurance works and the measures you can take to prevent high rates. Many rating factors that increase rates such as your driving record and poor credit rating can be eliminated by making minor changes to your lifestyle.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like GEICO and State Farm, while independent agencies can give you price quotes from multiple insurance companies.
Third, compare the quotes to the price on your current policy and determine if there is any savings. If you find better rates and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide adequate notice to your current company to cancel your current auto insurance policy. Submit the completed application along with a down payment to your new agent or company. Immediately put the new certificate verifying proof of insurance in a readily accessible location in your vehicle.
One key aspect when comparing rates is to try to use identical limits and deductibles on every quote request and and to get price estimates from as many different companies as possible. This helps ensure a fair price comparison and the best price selection.
Unbelievably, the vast majority of consumers have been with the same company for well over three years, and nearly the majority have never compared car insurance rates at all. Drivers in Wisconsin could pocket nearly $400 a year by just comparing quotes, but they underestimate the benefits if they bought a different policy.
Determine discounts to get cheap Madison car insurance quotes
Some insurance providers don’t always publicize all their discounts very well, so we researched some of the more common and the more hidden discounts that you can inquire about if you buy Madison auto insurance online.
- Distant Student Discount – College-age children who are enrolled in higher education away from home and don’t have a car may be insured at a cheaper rate.
- Defensive Driver Discounts – Taking part in a course in defensive driver could earn you a small percentage discount and make you a better driver.
- Accident Forgiveness – Not really a discount, but some insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
- Military Deployment Discount – Having a deployed family member can result in better car insurance rates.
- Drive Less and Save – Driving less may enable drivers to earn slightly better premium rates than normal.
- Multi-Vehicle Discounts – Buying insurance for more than one vehicle on a single policy can reduce rates for all insured vehicles.
It’s important to note that most credits do not apply to your bottom line cost. Most only reduce specific coverage prices like physical damage coverage or medical payments. Even though it appears you would end up receiving a 100% discount, that’s just not realistic.
The illustration below illustrates the comparison of Hyundai Santa Fe insurance costs with and without discounts applied. The rates are based on a female driver, no claims, a clean driving record, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, marriage, safe-driver, and claim-free discounts applied.
Car insurance companies who might offer some of the above discounts possibly include:
Before you buy a policy, ask all companies you are considering to give you their best rates. All car insurance discounts might not apply in every state. If you would like to see a list of insurers with significant discounts in Wisconsin, click this link.
Most major insurance companies allow consumers to get price estimates from their websites. This process is quite simple as you just enter the amount of coverage you want into the form. Upon sending the form, their quoting system requests credit information and your driving record and generates pricing information based on the data you entered.
This streamlines rate comparisons, and it’s absolutely necessary to have as many quotes as possible in order to find the lowest payment on insurance.
In order to compare rates using this form now, check out the insurance providers below. To compare your current rates, we recommend you type in deductibles and limits identical to your current policy. This helps ensure you will be getting a fair comparison for exact coverage.
The auto insurance companies shown below are ready to provide comparison quotes in Wisconsin. In order to find cheap car insurance in Madison, WI, we suggest you get price quotes from several of them in order to find the cheapest rates.
Coverage information
The coverage table displayed below outlines a range of insurance coverage prices for Hyundai Santa Fe models. Having knowledge of how prices are figured can help guide drivers when making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $124 | $278 | $278 | $16 | $84 | $780 | $65 |
| Santa Fe GLS 4WD | $142 | $278 | $278 | $16 | $84 | $798 | $67 |
| Santa Fe SE 2WD | $142 | $278 | $278 | $16 | $84 | $798 | $67 |
| Santa Fe Limited 2WD | $142 | $328 | $278 | $16 | $84 | $848 | $71 |
| Santa Fe SE 4WD | $142 | $328 | $278 | $16 | $84 | $848 | $71 |
| Santa Fe Limited 4WD | $160 | $328 | $278 | $16 | $84 | $866 | $72 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific location which can impact auto insurance rates substantially.
Should you raise deductibles?
One of the more difficult decisions when buying car insurance is how high or low should comp and collision deductibles be. The comparison tables below summarize the differences in premium rates when you buy lower versus higher policy deductibles. The first rate table uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $154 | $300 | $230 | $14 | $68 | $791 | $66 |
| Santa Fe GLS 4WD | $178 | $300 | $230 | $14 | $68 | $815 | $68 |
| Santa Fe SE 2WD | $178 | $300 | $230 | $14 | $68 | $815 | $68 |
| Santa Fe Limited 2WD | $178 | $352 | $230 | $14 | $68 | $867 | $72 |
| Santa Fe SE 4WD | $178 | $352 | $230 | $14 | $68 | $867 | $72 |
| Santa Fe Limited 4WD | $200 | $352 | $230 | $14 | $68 | $889 | $74 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $126 | $242 | $230 | $14 | $68 | $680 | $57 |
| Santa Fe GLS 4WD | $144 | $242 | $230 | $14 | $68 | $698 | $58 |
| Santa Fe SE 2WD | $144 | $242 | $230 | $14 | $68 | $698 | $58 |
| Santa Fe Limited 2WD | $144 | $284 | $230 | $14 | $68 | $740 | $62 |
| Santa Fe SE 4WD | $144 | $284 | $230 | $14 | $68 | $740 | $62 |
| Santa Fe Limited 4WD | $164 | $284 | $230 | $14 | $68 | $760 | $63 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in specific garaging location which can change rates substantially.
Based on these figures, using a $250 deductible will cost in the ballpark of $10 more each month or $120 every year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 25 months between claim filings, you would save more money if you choose a higher deductible.
Driving violations and accidents
The diagram below highlights how traffic violations and accident claims can increase Hyundai Santa Fe insurance rates for different age groups of insureds. The premium estimates are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
Gender-based car insurance rates in Madison
The diagram below compares Hyundai Santa Fe insurance prices for male and female drivers. The rate quotes are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Does full coverage make sense?
The illustration below shows the difference between Hyundai Santa Fe yearly insurance costs with full coverage and liability only. The information is based on no accidents or driving violations, $100 deductibles, single marital status, and no other discounts are factored in.
When to drop comp and collision
There is no specific rule of when to stop paying for comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Hyundai Santa Fe settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after paying your policy deductible. If you are currently paying more than $700 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some conditions where eliminating full coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
Insurance agencies can help
Many people still prefer to talk to a local agent and that is a personal choice. Experienced insurance agents will help you protect your assets and help in the event of a claim. One of the great benefits of comparing rate quotes online is the fact that drivers can get lower rates and still choose a local agent. And buying from local agencies is especially important in Madison.
After completing this form (opens in new window), your coverage information is instantly submitted to local insurance agents who will give you bids to get your business. You won’t even need to contact an agency due to the fact that quote results will go immediately to your email address. In the event you want to get a comparison quote for a specific company, feel free to search and find their rate quote page and fill out the quote form the provide.
Listed below are agents in Madison that are able to give price quote information for Hyundai Santa Fe insurance in Madison.
- American Family Insurance – Vicki Wagener Agency LLC
1633 Thierer Rd – Madison, WI 53704 – (608) 249-2184 – View Map - American Family Insurance – Brad Bodden
3821 Nakoma Rd – Madison, WI 53711 – (608) 231-2453 – View Map - Kevin Lease – State Farm Insurance Agent
7941 Tree Ln #205 – Madison, WI 53717 – (608) 824-9950 – View Map - Above and Beyond Insurance
6601 Grand Teton Plaza #7 – Madison, WI 53719 – (608) 203-8666 – View Map
Finding the right insurance company should include more criteria than just the price. Below are some questions you should ask.
- Is the agent CPCU or CIC certified?
- Which companies can they place coverage with?
- Will high miles depreciate repair valuations?
- Has the agent ever had any license suspensions?
- Is the coverage adequate for your vehicle?
- How long have they worked with personal auto insurance coverage?
- Does the company allow you to choose your own collision repair facility?
How much can you save?
You just read a lot of techniques to shop for Hyundai Santa Fe insurance online. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding affordable Hyundai Santa Fe insurance quotes. You may even find the best premium rates are with a small local company.
Cheap Hyundai Santa Fe insurance in Madison is definitely available on the web and also from your neighborhood Madison agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers do not provide rate quotes online and these small, regional companies only sell through local independent agents.
When shopping online for auto insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. There are a lot of situations where an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. Your aim should be to find the BEST coverage at an affordable rate and still be able to protect your assets.
Additional information
- Collision Insurance Coverage (Nationwide)
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- Who Has Cheap Car Insurance for a Chevrolet Silverado in Madison? (FAQ)
- What Auto Insurance is Cheapest for High School Students in Madison? (FAQ)
- What Car Insurance is Cheapest for Business Use in Madison? (FAQ)
- Child Safety Seats (Insurance Information Institute)
- Prom Night Tips for Teen Drivers (State Farm)
- Auto Insurance Basics (Insurance Information Institute)
- Collision Coverage (Liberty Mutual)