Madison, TN Car Insurance

Drivers in Madison pay, on average, $66 a month for their car insurance. To learn more about car insurance rates in the Madison area, read our guide below.
How do rates in Madison measure up compared to neighboring areas, including Tennessee as a whole? What rates can residents of Madison expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Madison?

Area Average Monthly Car Insurance Premium
Madison$66
TN$52
United States$80

As you can see in the chart above, it is around $14 a month more expensive to insure your vehicle in Madison than it is in the rest of Tennessee.

However, car insurance rates in Madison are often favorable when viewed against the rest of the country. The average monthly payment in Madison is about $14 less than the rate for the rest of the United States.

These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

But worry not, we've done the heavy lifting and broken down the average rate for Madison to help you understand what exactly you might be asked to pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$108
25-34$50
35-44$49
45-54Not Enough Data
55-64$48
65+$48

Generally, the older you are, the more experienced you are on the roads, right? When it comes to car insurance bills, that experience can help put some change back into your pocket. In this case, 18-24-year-olds pay $60 more than someone who is at retirement age.

For every 10 years, you can expect to see a decrease in your monthly premium. Madison drivers may see their rates begin to increase again once they hit retirement age.

Average Car Insurance Rates by Gender

Gender Average
Male$77
Female$55

In general, women pay slightly less for car insurance than men. The difference in Madison is around $22 per month. Based on the chart above, you can see that female drivers pay around $55 on average, while male drivers typically pay $77 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$72
Multiple Accidents$107
1 Ticket$102
Multiple Tickets$63

One of the key factors in determining your car insurance rates is your driving record. Those with clean records will obviously pay significantly less than those with infractions. Drivers in Madison with a single accident will pay around $72 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $102.

When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$36
2-3 Years$90
4-5 Years$102
6-7 Years$55
8-10 Years$81
11-14 Years$67
15 Years or Older$51

The cheapest vehicles to insure in Madison are by and large SUVs, with each type typically costing about $46 per month.

Truck and van drivers will see rates of about $51 for car insurance, while car owners usually pay around $71 a month.

Vehicle age also plays a role in your monthly payment. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is a few years old however, your rates may start to dip back down a bit. In Madison, vehicles four-to-five years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$71
Married$50
Divorced$50
Widowed$49

Generally speaking, married policyholders will pay slightly less to insure their car. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.

At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Madison as well, where the difference is around $21 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$69
Rent$63
Live with parents$90

One other element taken into consideration is your housing situation. If you rent your home or apartment, expect to pay around $6 less than those who own their own home in Madison. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Madison, TN

Recent trends in car insurance for Madison drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.

The cost of insurance in Madison have been mixed as of late, it rose in 2016, dropped in 2018, and increased again in 2020, before finishing at $106 in 2021.

How does Madison compare to neighboring areas?

Why are car insurance rates in Madison different from other areas?

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. Your insurance policy will depend largely on where you live and will be influenced by things such as:

  • Area regulations
  • Area crime rates
  • Road Safety (frequency of car accidents)
  • Access to off-street parking
  • Total amount of drivers in the area

Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.

How can I find the cheapest car insurance in Madison?

While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

But wait! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from several of the car insurance companies providing auto coverage in Madison.

Compare the cheapest quotes from dozens of insurance companies

Madison Insurance FAQs

What factors affect car insurance quotes in Madison?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your address, driving record, marital status, credit score, plus your vehicle's year and make and model.

Why is the cost of car insurance in Madison different from other neighboring cities?

Crime rates, parking situations, and local laws -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.

Which car insurance company will offer me the cheapest rate in Madison?

There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.

Do I need to change my insurance if I move to Madison?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Madison or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?

Find your best rate in just a few minutes