Madison Insurance Rates:

Madison, WI home insurance is roughly $568 to $770, about $47-$64/month. Our extensive guide reveals consumers can save as much as $267 by getting multiple quotes

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Madison Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Chubb Group of Insurance
Home Insurance Rate of $730/10 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $265,000

3 Beds, 3 Bath 2380 sqft Rental Property Constructed In 1999 with Carpet over wood flooring, Wood Shake Roof, Slab Foundation, Stone Siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Swimming Pool, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Single Female who is a Freelancer with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $170/3 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $245,000

4 Beds, 4 Baths 2020 sqft Primary Residence Constructed In 2000 with Stone Flooring, Tile Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Swimming Pool, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

36 Years old Divorced Female who is a Freelancer with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $380/5 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $335,000

4 Beds, 4 Baths 2670 sqft Vacation Property Constructed In 2001 with Carpet over wood flooring, Slate Shingles Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Deadbolt Locks, Indoor Sprinklers, Copper Water Pipes, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $140/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $235,000

4 Beds, 4 Bath 1970 sqft Rental Property Constructed In 1940 with Stone Flooring, Wood Shake Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Smoke Alarm, Central Air Conditioning, Copper Water Pipes, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

25 Years old Married Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $500/5 months for $200,000-$250,000 Coverage
Policy Holder Home Details :

Home Value : $220,000

2 Beds, 2 Bath 1013 sqft Rental Property Constructed In 1954 with Ceramic Tile Flooring, Tile Roof, Chainwall Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

70 Years old Married Male who is a Freelancer with household income of $75-$100,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

Madison, WI Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
53705 $284,600 $700
53703 $272,100 $700
53717 $271,500 $710
53711 $245,800 $700
53715 $236,800 $680
53719 $228,400 $680
53718 $224,000 $670
53704 $183,400 $660
53714 $171,300 $650

Madison Rates & Quotes Analysis:

Madison Area Estimated House Insurance
Barber Dr, Redan Dr, Miller Ave, Esther Ct, N Orchard St, S Oakbridge Ct, Rolfsmeyer Ln, Busse St, Farmco Dr, Van Buren St$690
Green Ave, E Dean Ave, Fisk Pl, Lien Rd, Box Hill Rd, Daentl Rd, Maricopa Way, S Sunset Ct, Cook St, N Pinckney St$673
Raceway St, E Hill Dr, S Fair Oaks Ave, Aaron Ct, S Charter St, Little St, Mandan Cres, Freese Ln, Waubesa St, Annestown Dr$676
Swansee Ridge, Junction Ct, Bradley Pl, Burma Rd, Libby Rd, Brandon Rd, Greentree Rd, Bruns Ave, E Coldspring Ave, Lawton Ln$667
Braxton Pl, Sayle St, la Sierra Way, Pilgrim Rd, Mission Cir, Lawrence St, Manufacturers Dr, Lance Ln, Barlow St, Post Rd$683
Comanche Way, Smithfield Dr, Horned Owl Dr, W Geneva Cir, Navajo Trl, Jan Dr, Zeno St, N Brearly St, Dewberry Dr, Jacobs Ct$670
Rutland Dunn Townline Rd, Keyes Ave, Champion Cir, Shamrock Rd, S Broom St, Ashland Ct, Arial Cir, College Ct, Running Deer Trl, Enterprise Ln$678
Bellewood Dr, Covent Garden Sq, Wyota Ave, Henuah Cir, Wildberry Dr, Susan Cir, Norwood Pl, Carey Ct, W Shore Dr, N Thornton Ave$673
Isaac Dr, Welton Dr, Williamsburg Way, County Trick Hwy, W Dayton St, Waverly Pl, Libby Rd, Lewis Ct, N Hamilton St, Conlin St$655
Gregory St, Bewick Dr, Stone Corner Cir, Sutteridge Trl, Galley Ct, Crest Line Dr, Sebring Ct, Langlade Ln, Dryden Dr, Salem Dr$661

Insurance rates are influenced by a number of factors including:

  • Year Built: 13,738 Homes (12% of total) built between 1960 to 1969 in Madison are paying home insurance between $1,170-$1,180 and varies from Shorewood Hills (+$274), Dane County (+$11), Maple Bluff (+$187), DeForest (-$20) and Stoughton (-$15).
  • Bedrooms: 34,096 2 bedrooms homes (33% of total homes ) in Madison are paying about $516. Areas near to Madison such as Shorewood Hills, Dane County, Maple Bluff are costlier by $119, $4, $82 respectively whereas Blooming Grove and DeForest are more economical by $3, $10 respectively for similar homes.
  • Auto Insurance Bundling: 7,370 Households (14% of all households) in Madison have 3 or more vehicles available and when it is bundled with home insurance you can save $167 compared to Shorewood Hills ($206), Dane County ($168), Maple Bluff ($194).
  • Senior Discounts: 21,443 seniors (more than 55 years) occupied housing units (42% of total) in Madison get discounts between $100 to $102. The comparative concessions in proximate regions such as Shorewood Hills, Dane County and Maple Bluff are $123, $101 and $116 respectively.
  • New Homes discounts: New homes such as the 44,772 homes built between 2000 to 2009 in Madison can save $133 and varies from Shorewood Hills ($164), Dane County ($135), Maple Bluff ($155).

Madison Homeowners insurance Facts

  • Madison, WI has 50,857 owner occupied houses which is 50.1% of all units whereas Shorewood Hills, Dane County and Maple Bluff have 90.41%, 60.14% and 87.32% respectively.
  • Madison, WI homeowners yearly insurance price at $669 is 0.31% of the typical house value of $217,500 which is in contrast with 0.14% in Shorewood Hills, 0.29% at Dane County & 0.17% in Maple Bluff.
  • Homeowners in Madison, WI pay 13.38% of their income (Less than $10,000) in insurance whereas homeowners in Shorewood Hills, Dane County and Maple Bluff pay 16.48%, 13.5% and 15.52% respectively.
  • Madison, WI’s insurance is 3.3% of monthly housing costs of $1,692/month, for owners with a mortgage compared to 2.24% in Shorewood Hills, 3.19% at Dane County & 2.45% in Maple Bluff. But, for households without a mortgage, insurance is 8.5% of costs ($653 in Madison, WI) in contrast with 6.86% in Shorewood Hills, 8.82% at Dane County & 6.46% in Maple Bluff.

Madison, WI Home Values & Insurance rates

For example, insurance for 7,246 Homes (15.0% of total homes ) valued between $250,000 to $299,999 in Madison, WI is about $842. Rates in nearby areas in such as Shorewood Hills, Dane County, Maple Bluff are cheaper by $455, $39, $392 respectively while Blooming Grove and DeForest are costlier by $23 and $110 respectively for similar homes.

Madison, WI Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,100 2.0% $73
$100,000 to $124,999 2,162 4.0% $334
$125,000 to $149,999 3,135 6.0% $421
$150,000 to $174,999 6,447 13.0% $495
$175,000 to $199,999 6,977 15.0% $575
$200,000 to $249,999 11,854 25.0% $689
$250,000 to $299,999 7,246 15.0% $842
$300,000 to $399,999 5,691 12.0% $1070

Renters Insurance in Madison

  • Average Renters Insurance in Madison :  $77($6/month)

  • Median Gross Rent in Madison :  $890

  • Madison Renters Insurance to Median Rent Ratio:  0.67%

  • Renter occupied housing units in Madison :  50,578

Madison Renters Insurance as a Percentage of Rent

Madison Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 1,004 2.0% $769
$300 to $499 1,876 3.0% $1219
$500 to $749 10,650 21.0% $1894
$750 to $999 18,034 36.0% $2644
$1,000 to $1,499 13,419 26.0% $3769
$1,500 or more 4,568 9.0% $5419

Rent Affordability in Madison:

Approximately 47.0% (24,252) of households are spending more than 35% of their income on gross rent in Madison

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 5,413 10.0%
15.0 to 19.9 percent 5,888 11.0%
20.0 to 24.9 percent 5,862 11.0%
25.0 to 29.9 percent 5,063 10.0%
30.0 to 34.9 percent 4,100 8.0%
35.0 percent or more 24,252 47.0%

Madison Renters Insurance Discounts:

Madison Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Madison, WI Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 25,350 50.0% $7.7
2 vehicles available 11,411 22.0% $11.55
3 or more vehicles available 2,617 5.0% $15.4

Protective device discount in Madison Up to :  $11

Claims-free discount in Madison Up to :  $15