Who Has the Cheapest Car Insurance with Multiple Speeding Tickets in Tennessee?

The words “cheap” and “insurance” really don’t belong together, specifically when you are trying to find the best price on coverage with multiple speeding tickets. To save some money, let’s start off by going over a few of the factors that have an impact on insurance premiums, and figure out some ways to cut the cost of the next policy you buy.

The vehicle model you are seeking coverage for is probably the biggest factor when shopping around for low-priced insurance with multiple speeding tickets. Vehicles with lots of horsepower, poor safety ratings, or a high likelihood of having liability claims will cost much more to insure than safer models.

The table below presents auto insurance prices for a handful of the cheapest automobiles to buy insurance for.

Cost estimates assume single male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, and homeowner. Price information does not factor in vehicle garaging location which can alter premiums considerably.

Looking at the rates, you can assume that makes and models like the Honda Accord, Ford Escape, and Honda CR-V will be some of the most affordable vehicles to insure after a few driving violations.

Shopping around for budget car insurance is not easy, and determining which company has the cheapest car insurance rates with multiple speeding tickets calls for even more shopping around. Each auto insurer has a different process for setting rates, so let’s take a look at the overall cheapest car insurance companies in Tennessee.

It’s important that you understand Tennessee car insurance rates are impacted by many factors that can increase the price of coverage. Simply having another birthday, getting divorced, or getting into an accident may cause policy rate changes that can cause some rates to be way too expensive in comparison to the competition.

Best Auto Insurance Prices with License Points

Click Here to Start Your Quote

Utica National has some of the best car insurance rates in Tennessee at around $767 annually. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers would also make the list of some of the best Tennessee insurance companies.

As illustrated above, if you are insured with Cincinnati Insurance and switched to Utica National, you could realize a yearly savings of approxmiately $117. Tennessee drivers with Penn National could save as much as $132 a year, and Tennessee Farmers policyholders might reduce prices by as much as $156 a year.

To see how much you can save, click here to get quotes or feel free to get quotes from the companies below.

Understand that those policy prices are averaged across all insureds and vehicles and are not factoring in a rate discount with multiple speeding tickets. So the insurer that can offer the best rates for your situation may not even be shown in the above list. That point stresses why you need to get car insurance quotes using your own specific driver and vehicle information.

Full coverage versus liability only rates

Finding the cheapest auto insurance with multiple speeding tickets in Tennessee is important to most vehicle owners, and one good way to find cheap insurance is to buy liability only. The illustration below illustrates the comparison of insurance rates with full phyical damage coverage and with liability coverage only. The prices are based on no tickets, no at-fault accidents, $100 deductibles, single status, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3839,1161],[‘Age 30’, 1953,637],[‘Age 40’, 1951,591],[‘Age 50’, 1771,553],[‘Age 60’, 1717,545],[‘Age 70’, 2089,727]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Tennessee’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

On average, comp and collision coverage costs an additional $2,220 per year more than carrying just liability coverage. That may make you wonder when is it safe to stop buying full coverage. There is no definitive guideline to delete full coverage, but there is a general convention. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.