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Homeowners in Madison, Wisconsin, pay an average home insurance rate of $757. The state of Wisconsin is known for relatively low home insurance rates, with the average being $685. Below is a list of discounts offered to Madison homeowners, which they can use to further reduce their home insurance rates.

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Home insurance companies provide discounts to Madison homeowners based on the construction materials used to build the house. Madison homes that are built using sturdy materials make them more resistant to damage, earning them considerable discounts from home insurance companies. For example, Madison homes constructed using fire-resistive materials and superior materials get discounts of $98 and $76, respectively, on their homeowners insurance. Homes built using masonry and brick earn a discount of $38, while homes that have a hail resistant roof get a $23 discount.

Newly constructed Madison homes can avail of discounts of up to $220 on homeowners insurance. New homes have less propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. On the other hand, older homes attract higher insurance rates. The average home insurance rates of Madison homes older than 40 years and 50 years are $777 and $793, respectively.

Madison has a property crime rate of 26.96 per 1,000 residents. The city has witnessed 1,109 burglaries at a rate of 4.30 per 1,000 residents. In the best interest of protecting their investments, home insurance companies offer discounts to homes installed with safety devices. For instance, Madison homes with deadbolts and fire extinguishers can avail of a discount of $106 and $53, respectively, on homeowners insurance. Homes installed with burglar alarms and smoke detectors receive a discount of $68 and $106, respectively, on homeowners insurance.

Home insurance companies provide special discounts to Madison homeowners based on their profession. Teachers, army personnel, and federal government employees can avail of special discounts on homeowners insurance. Also, senior homeowners in Madison can avail of discounts of up to $106 on homeowners insurance. Home insurance companies provide discounts to homeowners, depending on their claims history. Home insurance rates in Madison can increase by up to $91 based on the type and number of claims. Madison homeowners with a claims-free history can avail of discounts of up to $91 on home insurance.