Cheap Car Insurance Quotes for Teenagers in Tennessee

The make and model of vehicle to be insured is one of the main factors in finding cheap car insurance for teenagers in Tennessee. Vehicles with high performance features, poor safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models.

The next table showcases coverage rates for a number of the more afforable automobiles to insure in Tennessee.

Price data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific zip code location which can alter insurance rates significantly.

By looking at the data, we can expect cars like the Honda Accord, Ford Escape, and Honda CR-V are most likely going to be the most affordable vehicles to insure for teen drivers. The cost of a car insurance policy will be more costly just because there is more risk for teenagers, but in general those specific models will probably have the cheapest car insurance rates compared to other vehicles.

Trying to buy low-priced insurance is not easy, and finding out which insurers offer the most affordable auto insurance rates for teenagers requires more quotes for comparison. Premiums should be much more expensive than the average rate in Tennessee because of the potential for higher claims that comes with selling coverage for teen drivers, but reasonable insurance should be attainable if you shop around. Each auto insurance company uses a different method to set their prices, so let’s begin by taking a look at the overall cheapest auto insurance companies in Tennessee.

It’s important to know that Tennessee auto insurance rates are calculated based on many things that may substantially change the price of your policy. Events such as a birthday, getting divorced, or getting a speeding ticket can produce rate changes resulting in some companies being higher-priced than the competition.

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Utica National quotes some of the cheapest car insurance rates in Tennessee at around $744 per year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA would also make the list of some of the cheapest Tennessee insurance companies.

As illustrated above, if you currently buy coverage from Penn National and switched to Utica National, you could see annual savings of in the vicinity of $164. Insureds with USAA may save as much as $175 a year, and Tennessee Farmers insureds might reduce prices by as much as $207 a year.

It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and and are not calculated with a price surcharge for teenagers. So the car insurance company that can offer the best rates for your situation may not even be featured in the company chart above. That points out the importance of why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.

Full coverage rates vs. liability-only in Tennessee

Finding cheap car insurance for teenagers in Tennessee is probably important to most drivers, and one of the best ways to reduce the cost of insurance is to buy liability only. The illustration below compares insurance costs with full coverage compared to only the Tennessee minimum liability coverage. The premiums assume no claims, a clean driving record, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

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If we average the cost for all age groups, physical damage coverage on your policy costs $1,217 per year over liability only. Many people question if full coverage is worth the money. There is no clear-cut rule to eliminate physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

Discount Tennessee auto insurance rates

Insurers that offer cheap car insurance for teenagers in Tennessee may also give you special discounts that could lower prices by 25% or more if you can meet the requirements. A few popular companies and some of the premium reductions they offer can be found below.

• Esurance offers premium reductions for multi-policy, homeowner, online shopper, Switch & Save, claim free, and good student.
• The Hartford has savings for good student, anti-theft, air bag, bundle, and defensive driver.
• AAA includes discounts for good student, multi-policy, education and occupation, AAA membership discount, and good driver.
• GEICO may include discounts for multi-policy, daytime running lights, multi-vehicle, membership and employees, driver training, seat belt use, and anti-lock brakes.
• State Farm offers discounts for defensive driving training, good student, multiple policy, good driver, safe vehicle, Steer Clear safe driver discount, and accident-free.

The example below compares insurance costs with and without discounts. Data assumes a male driver, no claims or violations, Tennessee state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with paperless filing, anti-theft, good student, passive restraint, continuous coverage, and vehicle safety discounts applied. When these discounts are applied to the policy premium, the the average amount saved on auto insurance for teenagers is 28% or $665.

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Is Geico, Progressive, Allstate, or State Farm cheaper?

If you’re looking for the cheapest car insurance for teen drivers, four companies to consider are Geico, Progressive, Allstate, and State Farm. The data below rates some of the different options that may be available in Tennessee.