How Much is Auto Insurance for Drivers with Accidents in Tennessee?

The type of vehicle you are buying coverage for is probably the largest consideration in finding cheaper coverage for drivers with accidents. Vehicles with lots of horsepower, a lack of safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more economical and safe models. The list below shows coverage premiums for a number of the cheaper automobiles to buy coverage for.

Table data assumes married female driver age 30, no speeding tickets, two at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in specific garaging location which can raise or lower coverage prices considerably.

Looking at the data, you can figure that makes and models like the Honda CR-V, Ford Escape, Honda Accord, Volkswagen Jetta, and Toyota Prius are the most economical vehicles to insure for drivers with at-fault accidents. The price for car insurance will be higher anyway just because there is more liability risk for drivers with accidents, but overall those specific models will most likely have the cheapest auto insurance rates compared to other vehicles.

One of the key things that is used by car insurance companies to calculate the price of your policy is where you choose to live. Areas that are densely populated or have higher claim frequency like Memphis, Germantown, and Jackson are more likely to pay higher prices, whereas areas with less congestion have the luxury of lower rates.

The following table displays the most expensive cities in Tennessee for drivers with accidents to buy auto insurance in.

Table data uses approximated as the vehicle garaging location can modify prices substantially.

Bad driving habits will cost you more

The ideal way to obtain the best insurance premiums for drivers with at-fault accidents is to drive safely and avoid accidents and traffic citations. The example below shows how speeding tickets and accidents can influence yearly insurance costs for different age categories. The rates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

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The data in the chart shows the average cost of an auto insurance policy per year with no accidents or violations is $1,298. Receive two speeding tickets and the average cost hikes up to $1,847, an increase of $549 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of insurance for drivers with accidents jumps again to an average of $2,397. That’s an increase of $1,099, or $92 per month, just for not driving responsibly!

The chart below shows how choosing a deductible can increase or decrease insurance premiums when getting quotes for cheap insurance for drivers with accidents. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3839,3493,3119,2767],[‘Age 30’, 1953,1795,1613,1439],[‘Age 40’, 1951,1781,1589,1409],[‘Age 50’, 1771,1619,1449,1287],[‘Age 60’, 1717,1569,1407,1253],[‘Age 70’, 2089,1923,1739,1565]]);var options = {title: ‘Impact of Deductibles on Insurance Prices in Tennessee’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 50-year-old driver could cut expenses by $322 a year by changing from a $100 deductible to a $500 deductible, or save $484 by selecting a $1,000 deductible. Younger drivers, like the Age 20 chart data, can save as much as $1,072 annually by using a higher deductible.

When choosing a higher deductible, it is a good idea to have enough funds in savings to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Does Allstate, Progressive, State Farm, or Geico have the cheapest car insurance?

When shopping for auto insurance for drivers with at-fault accidents, four companies to definitely compare rates with are Allstate, Progressive, State Farm, and Geico. Combined they insure over 45% of the car insurance market in the United States. The table below compares some of the ratings and options that are available for customers.