In Madison, Wisconsin, Chubb is both the overall best and cheapest choice for home insurance. Chubb also offers the best customer service. This company fits many different needs. Choosing the right home insurance depends on factors like affordability and coverage, and understanding these can help you choose wisely.
Best and Cheapest Home Insurance in Madison, WI (2024)
Updated: November 26, 2024
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Best HomeInsuranceMadison, WITable of Contents
Best Overall - Chubb
Best for Service - Chubb
Best Cheap - Chubb
Cheapest Overall - Chubb
Cheapest for High-Value Homes - Chubb
Cheapest for New Homes - Chubb
Why Trust MoneyGeek? We used data from Wisconsin's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Madison. Our recommendations rely on reliable data and industry standards.
Home insurance premiums in Madison mirror the most competitive estimates as of September 2024.
1,036,800Quotes Analyzed
8Companies Compared
Overview: Best Home Insurance Companies in Madison, WI
MoneyGeek found that Chubb is the best option for home insurance in Madison, Wisconsin, for 100K dwelling coverage, scoring 99 out of 100. The scores for home insurance companies in Madison, Wisconsin, range from 52 to 99. These figures reflect MoneyGeek's scoring system, and insurers may receive different scores based on factors like your credit history or the age of your home.
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Category:Best Overall
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Coverages:1 - $100K Dwelling
| Chubb | 99 | $350 |
| Nationwide | 77 | $578 |
| Foremost Insurance | 72 | $434 |
| American Family | 64 | $869 |
| State Farm | 62 | $894 |
| Auto-Owners Insurance | 61 | $1,054 |
| Allstate | 53 | $860 |
Overall Best Home Insurance in Madison, WI
MoneyGeek found that Chubb is the best option in Madison, Wisconsin for 100K dwelling coverage. The top two home insurance companies in Madison for $100K dwelling coverage are:
- Chubb: MoneyGeek score of 99 out of 100 ($350 per year)
- Nationwide: MoneyGeek score of 77 out of 100 ($578 per year)
Chubb stands out as the best home insurance provider because it offers a balance of affordability and customer satisfaction, contributing significantly to its MoneyGeek score.
In Madison, Wisconsin, various companies offer different costs and service experiences. Cost is crucial, but factors like customer satisfaction and ease of making claims should also be considered.
Best OverallChubb
MoneyGeek Score:
99/ of 100
Overview
Chubb is the best company with high scores in affordability and satisfaction. It offers comprehensive home insurance coverage, including guaranteed replacement cost and building ordinance or law. Chubb provides discounts like protective device and new home, helping you save money. You can get a discount if your home is new or has security devices.
Chubb's coverages are useful for homeowners. Guaranteed replacement cost helps rebuild your home even if costs go over your policy limit. Building ordinance or law pays for updates to meet current codes. Cash settlement lets you choose not to rebuild and get a cash payout instead. These coverages offer flexibility and protection for your home.
Best Home Insurance for Customer Service in Madison, WI
MoneyGeek found that Chubb is the best option for home insurance in Madison, Wisconsin, for 100K dwelling coverage due to its excellent customer service. Here are the top two providers based on MoneyGeek score:
- Chubb: MoneyGeek score of 96 out of 100 ($350 per year)
- Auto-Owners: MoneyGeek score of 95 out of 100 ($1,054 per year)
Chubb ranks as the best because it excels in customer satisfaction and offers competitive coverage options. It also offers a diverse range of protection that aligns well with homeowners' needs. Choosing Chubb means you are partnering with a provider known for reliability and customer support.
Best for Service QualityChubb
MoneyGeek Score:
96/ of 100
Overview
Chubb is the best for service quality, thanks to its high customer satisfaction and coverage scores. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law coverages. You can save with discounts like new home and home renovation. These discounts help if your home is new or recently renovated.
Chubb's coverage includes cash settlement, which is useful if you choose not to rebuild after a loss. Building ordinance or law helps bring your home up to code after damage. Guaranteed replacement cost ensures your home is rebuilt to its original state, even if costs exceed your policy limit.
Best Cheap Home Insurance in Madison, WI
MoneyGeek found that Chubb is the best cheap home insurance company in Madison, Wisconsin for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
- Chubb: MoneyGeek score of 99 out of 100 ($350 per year)
- Foremost Insurance: MoneyGeek score of 81 out of 100 ($434 per year)
When it comes to the average cost of homeowners insurance in Wisconsin, Chubb stands out due to its high affordability and decent customer satisfaction scores. However, choosing cheap home insurance often means settling for lower coverage; this might leave you unprotected if an accident occurs.
In situations where saving on premiums takes precedence, considering the cheapest homeowner insurance companies could be helpful. What makes the best cheap different from the cheapest home insurance is its balance of cost and other factors like customer satisfaction.
Best CheapChubb
MoneyGeek Score:
99/ of 100
Overview
Chubb scores high on affordability and coverage, making it a top choice. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law coverages. You can save with discounts like new home and home renovation. For example, if your home is less than 10 years old, you might qualify for a discount. Chubb's coverages like cash settlement are useful if you decide not to rebuild after a loss. These options help protect your home and save money.
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Rates updated:
Dec 23, 2024
In Madison, many factors affect homeowners insurance, including location. Comparing rates is the best way to save money, but it may take over an hour as each company's quote might take around 15 minutes, and comparing three or more companies is recommended. Use MoneyGeek’s home insurance calculator to save time by focusing on key factors: age, dwelling coverage, credit score, deductible, liability coverage, and more.
Cheapest Home Insurance in Madison, WI
MoneyGeek found that Chubb offers the cheapest homeowners insurance in Madison, Wisconsin. The main factor that affects your home insurance cost is the dwelling coverage you select. Here are the overall cheapest providers by coverage:
- For 100K Dwelling Coverage: Chubb: $350 per year
- For 250K Dwelling Coverage: Chubb: $828 per year
- For 500K Dwelling Coverage: Chubb: $1,572 per year
Chubb stands out for its low premiums and high scores in Madison, Wisconsin. For $250K coverage, Chubb remains unmatched due to its competitive price. At the $500K level, Chubb balances cost and quality, making it a top choice. Opting for the cheapest homeowners insurance in Wisconsin can greatly help in managing your finances effectively.
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Coverages:$100K Dwelling
| Chubb | $350 |
| Foremost Insurance | $434 |
| Nationwide | $578 |
| Allstate | $860 |
| American Family | $869 |
| State Farm | $894 |
| Auto-Owners Insurance | $1,054 |
Cheapest Home Insurance for High-Value Homes in Madison, WI
MoneyGeek found that Chubb offers the cheapest home insurance for high-value homes in Madison, Wisconsin. High dwelling coverage is necessary for homes that cost more to replace, and home insurance costs often rise with these values.
- Cheapest for $750K Dwelling Coverage: Chubb: $2,279 per year
- Cheapest for $1M Dwelling Coverage: Allstate: $2,926 per year
Chubb stands out as the lowest-priced option in Madison due to its competitive premiums for high-value homes. According to MoneyGeek, although Chubb may not top score in all areas, it combines favorable pricing with high overall performance in its category.
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Coverages:1 - 750K dwelling
| Chubb | $2,279 |
| Allstate | $2,307 |
| Foremost Insurance | $2,749 |
| Auto-Owners Insurance | $3,182 |
| American Family | $3,264 |
| Nationwide | $3,711 |
| State Farm | $3,782 |
Cheapest Home Insurance for New Homes in Madison, WI
Chubb offers the cheapest home insurance for new homes in Madison, Wisconsin.
- Cheapest for $100K Dwelling Coverage: Chubb: $260 per year
- Cheapest for $250K Dwelling Coverage: Foremost Insurance: $583 per year
- Cheapest for $500K Dwelling Coverage: Allstate: $862 per year
Chubb stands out in Madison for its low cost on $100K dwelling coverage. However, being the cheapest does not mean it's the best choice according to MoneyGeek scores.
It's also important to ensure that you are adequately covered.
Data filtered by:Results filtered by:
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Coverages:1 - $100K Dwelling
| Chubb | $260 |
| Foremost Insurance | $264 |
| Nationwide | $381 |
| Allstate | $495 |
| State Farm | $556 |
| American Family | $578 |
| Auto-Owners Insurance | $897 |
How to Find the Best Home Insurance for You in Madison, WI
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums. In Madison, the best cheap homeowners insurance depends on your needs. Consider factors like coverage options and customer service, not just premiums. Follow these steps to get the best cheap home insurance:
- 1
Evaluate Your Insurance Needs
In Madison, Wisconsin, consider what coverage fits your home. To determine how much home insurance coverage you need, think about rebuilding costs, personal property value, and liability.
- 2
Compare Different Providers
Research insurance companies in Madison, Wisconsin. Check for financial stability, customer reviews, and service quality.
- 3
Compare Coverage and Costs
Once you identify your needs, compare home insurance quotes. In Madison, Wisconsin, premiums for $100K dwelling coverage range from $350 to $860 annually.
- 4
Ask About Discounts
Inquire with each provider about potential discounts. These could include bundling policies, safety features, or maintaining a claims-free record.
- 5
Increase Your Deductible
Opting for a higher home insurance deductible can reduce your premium. Ensure it's an amount you can manage if a claim arises.
- 6
Improve Home Security
Enhancing home security with systems and strong locks can lower your insurance costs by reducing risk.
- 7
Maintain Good Credit
Keeping a good credit score can influence your insurance rates in Madison, Wisconsin. Timely bill payments and reduced debt are key.
- 8
Bundle Policies
Consider combining your homeowners insurance with other policies like auto insurance to achieve discounts and savings.
FAQ: Best Cheap Home Insurance in Madison, WI
The best cheap home insurance provider for you in Madison depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Madison, Wisconsin.
How much is home insurance in Madison, Wisconsin, on average?
The average home insurance premium in Madison, Wisconsin, is $564.
What is the cheapest home insurance company in Madison, Wisconsin?
The cheapest home insurance company in Madison is Chubb with an annual premium of $350.
What is the best home insurance company in Madison, Wisconsin?
The best home insurance in Wisconsin for Madison residents is provided by Chubb, with a MoneyGeek score of 99 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.