Average homeowners insurance cost in Madison, Wisconsin

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

In Madison, homeowners pay an average annual rate of $1,584 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $998 less than the national average of $2,582 .

Homeowners insurance premiums can vary significantly from one property to another. In Madison, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Madison, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Madison.

Key Takeaways

The average cost of homeowners insurance in Madison is $1,584 per year.
West Bend Mutual is the cheapest homeowners insurance company in Madison with an average annual premium of $1,036 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $369 more a year for home insurance.

Average homeowners insurance cost in Madison per month

Madison homeowners pay an average of $132 a month. It’s $5 less than the state average of $137 and $83 less than the national average for home insurance across the nation. The price of your homeowners insurance policy in Madison may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house

In Madison, homeowners pay an average of $1,215 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. Keep in mind that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, you should purchase flood insurance.

Average homeowners insurance cost for a $300,000 house

Madison residents pay an average of $1,584 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $369 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

Average homeowners insurance cost in Madison by company

Among the carriers we analyzed, West Bend Mutual is the most affordable homeowners insurance company in Madison, offering an average annual rate of $1,036 , while Allstate ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Madison and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Madison and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
West Bend Mutual	$1,036
Nationwide	$1,301
State Farm	$1,391
Secura Insurance	$1,439
Acuity A Mutual Ins Co	$1,651
Farmers	$1,671
American Family	$2,404
Allstate	$1,221
Auto-Owners	$1,684
USAA*	$1,677

*USAA is only available to military community members and their families.

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Wisconsin that can impact your home insurance

Natural disasters are a part of life in Wisconsin, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

Wisconsin is commonly affected by Cold wave.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

Check for coverage gaps before it’s too late

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Madison for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

How much is home insurance in other cities?

Green Bay

Kenosha

Milwaukee

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.