Madison, TN Car Insurance

The average cost for car insurance in Madison is about $64 a month. For more information refer to our guide below.
Map of cities where drivers can find cheaper car insurance
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What rates can residents of Madison expect to pay for their car insurance? Are rates in Madison higher or lower than those in neighboring areas? How do they compare to the rest of Tennessee? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:

How much is car insurance in Madison?

Area Average Monthly Car Insurance Premium
Madison$64
TN$53
United States$81

As you can see, car insurance policies across the rest of Tennessee are about $11 a month cheaper than the rates drivers pay in Madison.

On the flip side, the expected monthly payments for an auto insurance policy in Madison are below the national average. You can expect to pay about $17 less for your policy in Madison than in the rest of U.S.

While these are the average car insurance rates for Madison, you could end up paying something different. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly premium.

Don't sweat it however, we've broken down average rates for Madison residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP 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$52
35-44$48
45-54$46
55-64$46
65+$48

Generally, the older you are, the more experienced you are on the roads. That experience can snag you some serious savings when it comes to auto insurance. According to the table above, you can see that 18-24-year-olds pay twice as much as drivers 65 and older.

For every 10 years, you can expect to see a decrease in your monthly premium. That said, once you hit retirement, your rates may creep back up a bit in Madison.

Average Car Insurance Rates by Gender

Gender Average
Male$71
Female$56

Car insurance rates for men are usually slightly more expensive than they are for women. This is true in Madison, where male drivers pay about $15 more a month. Looking at the table above, you can see that female drivers pay around $56 on average, while male drivers typically pay $71 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$71
Multiple Accidents$113
1 Ticket$73
Multiple Tickets$63

Your rates can vary wildly depending on your driving record. Drivers with clean records can expect to pay significantly less than those with accidents or violations. Drivers in Madison with one accident will pay around $71 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $73.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$36
2-3 Years$75
4-5 Years$81
6-7 Years$54
8-10 Years$79
11-14 Years$67
15 Years or Older$51

According to the first table above, SUVs are usually the cheapest vehicles to insure in Madison, with drivers paying around $45 per month to insure their vehicle.

Truck and van drivers will see rates of about $49, while the rates for car owners average out to about $70 per month.

The age of your vehicle has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is a few years old. In Madison, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$68
Married$49
Divorced$49
Widowed$49

Generally speaking, car insurance is slightly cheaper for married policyholders. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.

On a national scale, single drivers typically pay more than married couples do for auto insurance. Madison is no exception, with the difference totaling to around $19 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$67
Rent$61
Live with parents$90

Your housing status is another component of how insurance companies calculate your monthly rate. Renters can expect to pay around $6 a month less than those who own their own home in Madison. But those who live at home with their parents can expect to pay significantly more.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Madison, TN

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

The cost of auto insurance coverage in Madison had been increasing from 2017-2019, when they reached a low of $52. This shifted in 2020, when policy premiums began to increase. They hit a high of $80 in 2021, and finished down in 2022, at $57 a month.

How does Madison compare to neighboring areas?

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

Car insurance companies will take into account a lot of factors when they're figuring out how much to charge for a policy. Your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

  • Rate of crime
  • General road safety (how many accidents each locality has)
  • Off-street parking accessibility
  • Total number of drivers in the region
  • Local regulations

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?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

But wait! Compare.com does all of that work for you. Put in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering plans in Madison.


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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 age and gender, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

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

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.

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

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

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

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

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

No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Madison or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.

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