If you want to save money, the best way to get low-cost auto insurance rates in Madison is to start comparing prices yearly from insurance carriers in Wisconsin. Drivers can shop around by following these steps.
First, try to learn about how insurance works and the factors you can control to prevent high rates. Many things that drive up the price like speeding tickets, careless driving and poor credit history can be amended by making minor driving habit or lifestyle changes. Continue reading for more ideas to help reduce premium rates and find hidden discounts.
Second, compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO and State Farm, while independent agencies can provide prices from multiple companies. View rates
Third, compare the price quotes to your existing rates and see if you can save money. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, provide adequate notice to your current company of your intent to cancel your current policy. Submit a completed policy application and payment to your new carrier. Once the paperwork is finalized, place the new proof of insurance certificate in your vehicle.
The most important part of shopping around is to try to use identical coverages on each quote request and and to get prices from every company you can. This ensures a level playing field and plenty of rates choose from.
Shocking but true, most drivers in Wisconsin have bought auto insurance from the same company for over three years, and virtually 40% of consumers have never even compared rates from other companies. The average driver in America can cut their rates by approximately $860 a year just by shopping around, but they don’t want to spend time to go online and compare rates.
If you have a current insurance policy or just want a better rate, you can use these techniques to shop for the lowest rates while maintaining coverages. Finding quotes for the most affordable protection in Madison is easy if you know what you’re doing. You just need to learn the most efficient way to compare different rates instantly.
Best companies for Jeep Liberty insurance
The providers in the list below have been selected to offer quotes in Wisconsin. To buy the cheapest car insurance in Madison, it’s a good idea that you visit several of them in order to get a fair rate comparison.
Premium rates and analysis
The table displayed below showcases different insurance rates for Jeep Liberty models. Having a better understanding of how insurance policy premiums are calculated can help customers make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Liberty Sport 2WD | $196 | $294 | $302 | $18 | $90 | $900 | $75 |
| Liberty Limited 2WD | $226 | $294 | $302 | $18 | $90 | $930 | $78 |
| Liberty Renegade 4WD | $226 | $294 | $302 | $18 | $90 | $930 | $78 |
| Liberty Sport 4WD | $226 | $294 | $302 | $18 | $90 | $930 | $78 |
| Liberty Limited 4WD | $226 | $358 | $302 | $18 | $90 | $994 | $83 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in your specific Madison location which can affect premiums substantially.
Impact of speeding/accidents on Madison car insurance rates
The information below shows how speeding tickets and at-fault fender-benders can affect Jeep Liberty car insurance costs for different age groups of insureds. The costs are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
Annual premiums for males versus females in Madison
The illustration below compares Jeep Liberty auto insurance costs for male and female drivers. The premiums are based on no claims, a clean driving record, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are applied.
Difference between liability only and full coverage rates
The information below compares Jeep Liberty insurance costs with liability coverage only compared to full coverage. The premiums are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
When to drop comp and collision
There is no exact formula that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Jeep Liberty settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $8,000 after the policy deductible has been paid. If it’s costing you more than $800 annually to have full coverage, then you may need to consider dropping full coverage.
There are some conditions where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
Madison insurance discounts for a Jeep Liberty
Insurance can cost an arm and a leg, but there may be some discounts that can drop the cost substantially. Certain credits will be shown at the time of purchase, but less common discounts must be manually applied before they will apply.
- Anti-theft Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will qualify for a discount on a Madison car insurance quote.
- Accident Forgiveness Coverage – Not really a discount, but companies like GEICO, State Farm, and Progressive permit an accident without the usual rate increase so long as you haven’t had any claims for a certain period of time.
- Use Seat Belts – Drivers who require all occupants to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
- Driver’s Education for Students – Require your teen driver to enroll and complete driver’s education if it’s offered in school.
- Discounts for New Vehicles – Putting insurance on a new Liberty can get you a discount because newer models keep occupants safer.
- Distant College Student Discount – Any of your kids who are attending college and won’t have access to an insured vehicle could get you a discount.
- Smart Student Discounts – Excelling in school may save you up to 25%. Most companies allow this discount up to age 25.
- Paperless Signup – A handful of insurance companies provide a small discount for signing up on their website.
As is typical with insurance, many deductions do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky.
The chart below visualizes the comparison of Jeep Liberty auto insurance rates with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving violations, Wisconsin state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, homeowner, multi-policy, and marriage discounts applied.
If you would like to choose from a list of companies with discount car insurance rates in Wisconsin, click here.
How Insurance Providers Determine Jeep Liberty Insurance Premiums
Smart consumers have a good feel for some of the factors that aid in calculating your car insurance rates. When consumers understand what controls the rates you pay, this enables informed choices that will entitle you to much lower annual insurance costs.
Shown below are some of the factors that factor into your rates.
Rates and your address – Choosing to live in less populated areas is a good thing if you are looking for the lowest rates. Fewer drivers translates into fewer accident claims in addition to fewer liability claims. Residents of big cities tend to have more aggressive driving styles and higher rates of accident claims. More time on the road means a statistically higher chance of an accident.
Your employer can affect rates – Occupations such as judges, airline pilots, and financial analysts are shown to have the highest rates because of high stress levels and extremely grueling work hours. On the flip side, professions such as farmers, students and homemakers have lower than average premiums.
Affects performance affects auto insurance costs – The type of car you need to insure makes a significant difference in determining your rates. Lower cost passenger vehicles generally receive the lowest base rates, but there are many factors that impact the final cost.
The chart below uses these variables: married female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It shows Jeep Liberty policy rates compared to other models of vehicles that have different performance rating factors.
Qualify for multi-policy discounts – Lots of insurers apply better rates to policyholders that purchase more than one policy. It’s known as a multi-policy discount. Discounts can be ten or even fifteen percent. Even if you already get this discount, you may still want to compare other Madison Liberty insurance rates to guarantee you are still saving the most. You may still find lower rates by splitting coverages up.
Frequent car insurance claims increase prices – Insurance companies in Wisconsin give the lowest premiums to drivers who are not frequent claim filers. If you tend to file frequent claims, you can pretty much guarantee higher rates. Insurance coverage is intended to be relied upon for more catastrophic claims.
Exclusive versus independent insurance agencies
Many people still prefer to sit down with an agent. Insurance agents will help you protect your assets and give you someone to call. An additional benefit of getting online price quotes is the fact that you can find cheap insurance rates and still choose a local agent.
To help locate an agent, after submitting this form (opens in new window), your information is submitted to local insurance agents in Madison who will give competitive quotes for your coverage. You never need to even leave your home since rate quotes are delivered immediately to you. If you want to get a comparison quote from a specific insurance provider, just search and find their rate quote page to submit a rate quote request.
Choosing the best company requires you to look at more than just the price. Any agent in Madison should be willing to answer these questions.
- Are claim adjusters local or do you have to take your car somewhere else?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Which members of your family are coverage by the policy?
- How experienced are they in personal risk management?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Is the agency covered by Errors and Omissions coverage?
- How many companies do they write for?
- How long has their agency been in business in Madison?
If you want to use a local Madison insurance agent, you must know there are a couple types of insurance agents and how they operate. Insurance agencies in Madison can be classified as either exclusive or independent (non-exclusive). Either type can handle insurance, but it’s important to know how they differ because it can impact buying decisions.
Exclusive Insurance Agents
Agents that choose to be exclusive can only quote rates from one company and some examples include State Farm or Allstate. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents receive a lot of sales training on sales techniques which helps offset the inability to provide other markets. Some people will only purchase coverage from exclusives partially due to the prominence of the brand and strong financial ratings.
Below are exclusive insurance agents in Madison who can help you get comparison quotes.
- American Family Insurance – Daniel Piazza
2601 Crossroads Dr Ste 100 – Madison, WI 53718 – (608) 241-9000 – View Map - Steve Aune Agency, Inc. American Family Insurance
658 S Gammon Rd #202 – Madison, WI 53719 – (608) 274-9702 – View Map - Cheng Vang – State Farm Insurance Agent
2110 N Sherman Ave – Madison, WI 53704 – (608) 661-5700 – View Map
Independent Agents (or Brokers)
Independent agents do not sell for just one brand so they can quote policies with multiple insurance companies depending on which coverage is best. If premiums increase, they simply move the coverage in-house which requires no work on your part. When shopping rates, you will definitely want to get rate quotes from at least one independent agent so that you have a good selection of quotes to compare. Many write coverage with mutual insurance companies which may provide better rates.
Below is a list of independent agents in Madison who can help you get price quote information.
- Independent Insurance Services Inc.
2960 Triverton Pike Dr Suite 101 – Madison, WI 53711 – (608) 273-3325 – View Map - Affiliated Insurance-Wisconsin
3830 Atwood Ave – Madison, WI 53714 – (608) 273-3361 – View Map - Hausmann Johnson Insurance
700 Regent St – Madison, WI 53715 – (608) 257-3795 – View Map
If you receive positive feedback to these questions and a low price estimate, you have narrowed it down to an insurance agent that meets the requirements to properly insure your vehicles. Keep in mind policyholders can cancel a policy whenever you choose to so don’t assume you’re contractually obligated to the insurance policy with no way to switch.
Ratings for Madison auto insurance companies
Selecting a high-quality car insurance company can be rather challenging considering how many companies there are to choose from in Wisconsin. The information listed below can help you decide which car insurance providers you want to consider when shopping your coverage around.
Top 10 Madison Car Insurance Companies by A.M. Best Rank
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Erie Insurance – A+
- Progressive – A+
- Allstate – A+
Smart consumers save more
Consumers switch companies for a number of reasons such as not issuing a premium refund, denial of a claim, high prices or poor customer service. No matter why you want to switch, switching auto insurance companies is not as difficult as it may seem.
Some auto insurance companies may not have online rate quotes and usually these small, regional companies provide coverage only through independent insurance agencies. More affordable auto insurance in Madison can be found online and also from your neighborhood Madison agents, so you should be comparing quotes from both to get a complete price analysis.
In this article, we covered many ways to find affordable Jeep Liberty insurance in Madison. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the lowest rates come from a small mutual company.
To read more, link through to the resources below:
- Insuring a Leased Car (Insurance Information Institute)
- Who Has Cheap Auto Insurance for 16 Year Olds in Madison? (FAQ)
- What Car Insurance is Cheapest for a Toyota 4Runner in Madison? (FAQ)
- Who Has Cheap Auto Insurance Rates for Teachers in Madison? (FAQ)
- How Much are Car Insurance Quotes for Low Credit Scores in Madison? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)
- Information for Teen Drivers (GEICO)