Best Cheap Car Insurance for 19 Year Olds in Tennessee

Finding out which company quotes the lowest-priced insurance rates for 19 year olds will take more work in order to find the best price.

Each insurance company has their own guidelines to determine premium rates, so let’s take a look at the overall cheapest insurance companies in Tennessee. It’s important to know that Tennessee insurance rates are impacted by many factors which can substantially change the price you pay. Improving your credit score, buying a home, or getting into an accident can trigger price changes that can cause some rates to be more affordable than others.

Lowest Insurance Price Quotes for Teens

Compare Rates and Save

Utica National normally has some of the lowest car insurance rates in Tennessee at around $737 annually. Cincinnati Insurance, Auto-Owners, Penn National, and USAA also qualify as some of the cheaper Tennessee auto insurance companies.

As depicted above, if you have coverage with USAA and switched to Cincinnati Insurance, you could see a yearly price reduction of around $69. Tennessee drivers with Tennessee Farmers might save as much as $111 a year, and Erie insureds might cut rates by $147 a year.

These estimates are averages across all types of drivers and the different vehicles they drive and and are not calculated with a price surcharge for 19 year olds. So the car insurance company that can offer you the lowest price may not even be included in the chart above. That point stresses why you need to compare prices as often as possible using your own driver data and vehicle information.

One of the many things that determine auto insurance rates is where your home is located in Tennessee. Cities with more crime and/or more people like Memphis, Germantown, and Oak Ridge will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates generally pay less for car insurance.

The information below displays the most costly cities in Tennessee for 19 year olds to buy car insurance in.

Premium amounts are approximated as the garaging address in Tennessee can affect price quotes significantly.

Discount Tennessee auto insurance rates

Car insurance companies that provide the best cheap car insurance for 19 year olds in Tennessee may also offer rate discounts that could potentially reduce rates by as much as 30% if you meet certain criteria. A list of companies and some of the premium reductions they offer are included below.

• 21st Century offers discounts including student driver, automatic seat belts, defensive driver, anti-lock brakes, and homeowners.
• State Farm discounts include passive restraint, multiple autos, good driver, anti-theft, and safe vehicle.
• AAA offers premium reductions for good driver, AAA membership discount, education and occupation, anti-theft, multi-policy, and pay-in-full.
• Liberty Mutual has discounts for new graduate, new move discount, preferred payment discount, safety features, multi-policy, multi-car, and new vehicle discount.
• Progressive policyholders can earn discounts including online signing, homeowner, multi-policy, multi-vehicle, online quote discount, and continuous coverage.

The information below shows the comparison of car insurance costs with and without discounts being applied to the rates. Data assumes a male driver, no claims or driving citations, Tennessee state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, safe-driver, passive restraint, defensive driving course, multiple policy, and vehicle safety discounts applied. When discounts are applied, the the amount saved on insurance for 19 year olds is 28% or $618.

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Should you buy full coverage?

Finding the best cheap car insurance for 19 year olds in Tennessee should be important to the majority of vehicle owners, and one of the quickest ways to find cheaper insurance is to not buy full coverage. The chart below compares yearly insurance costs with full coverage compared to only the Tennessee minimum liability coverage. The premiums assume no claims or driving citations, $1,000 deductibles, single status, and no discounts are taken into consideration.

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If we average all the age groups together, comprehensive and collision coverage on your policy costs $1,620 per year over and above liability only. A very common question is if buying full coverage is worth the expense. There is no clear-cut rule of when to drop full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

There are some conditions where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

State Farm, Allstate, Progressive, or Geico: Who is cheapest?

If you’re looking for the cheapest car insurance for teenage drivers in Tennessee, some of the largest companies to start with are State Farm, Allstate, Progressive, and Geico. When added together, they make up about 50% of all vehicles in the U.S.. The following table compares and contrasts ratings for price, service, and claims, in additional to some of the optional coverages that are available.