How Much is Car Insurance for Felons in Tennessee?

It would sure make life easier if we could tell you the company that has the best deal on coverage in Tennessee. It’s just not that easy, however, as there are a whole slew of unknown aspects such as whether you just need liability insurance, how many years you have been driving, the liability limit you need, and if you are married or single, that all factor into the price you pay. The information below will cover the best ways to save money and will hopefully give you a good start in finding the cheapest car insurance in Tennessee.

The make and model of vehicle on the policy is one of the primary factors when looking for cheap car insurance for felons in Tennessee. Vehicles with reasonable performance levels, a great safety record, or a low likelihood of having liability claims will cost much less to insure than high performance models.

The next table presents auto insurance rates for the most economical automobiles to insure in Tennessee.

Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate quotes do not factor in specific location information which can increase or decrease auto insurance rates greatly.

Looking at the rates, we can assume that models like the Honda CR-V, Hyundai Elantra, Ford Escape, Ford Explorer, and Chevrolet Traverse are most likely to be the most budget-friendly vehicles to insure for felons.

When shopping for the cheapest insurance for felons, one of the many things that insurance companies take into consideration when calculating a rate quote is where your car is garaged in Tennessee. Areas with more people or even just a higher incidence of claims like Memphis, Collierville, and Jackson tend to pay slightly more, whereas more rural areas enjoy lower insurance rates.

The information below lists the most expensive cities in Tennessee for felons to purchase a policy in.

Price information shown is approximated as specific Tennessee garaging address can modify insurance rates considerably.

Deciding which companies quote the cheapest insurance rates for felons calls for a tad more effort than just picking a company at random. Each insurance company has a different formula for establishing rates, so let’s take a look at the insurance companies with the overall cheapest rates in Tennessee.

It’s a good idea to be aware that Tennessee insurance rates are impacted by many things that can increase the price of your policy. Simply turning a year older, having a teenage driver, or getting into an accident can produce rate changes that may make certain companies much cheaper than others.

Best Car Insurance Prices for Felons

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Utica National generally has some of the best car insurance rates in Tennessee at around $767 a year. Cincinnati Insurance, Auto-Owners, Penn National, and USAA also rank well as some of the best Tennessee auto insurance companies.

In the above rates, if you currently have a policy with Penn National and switched to Utica National, you might see savings of approxmiately $141. Drivers with USAA might save as much as $162 a year, and Tennessee Farmers insureds might see rate reductions of $184 a year.

Understand that those rates are averages for all drivers and vehicles and do not take into consideration a price decrease for felons. So the company that is best suited for you may not even be shown in the above rate chart. That point stresses why you need to get auto insurance quotes using your own specific driver information and vehicle.

Cost difference between full coverage and liability

Finding cheap car insurance for felons in Tennessee is probably important to the majority of people, and a great way to save on the cost of insurance is to only buy liability coverage. The illustration below visualizes the comparison of car insurance rates with full physical damage coverage compared to only buying liability only. The prices are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.

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If all age groups are averaged, full coverage costs an additional $1,819 per year over liability only. A very common question is if buying full coverage is worth the money. There is no specific rule for phasing out physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

Cheap insurance quotes for felons

Thanks to the internet, there are a lot of ways to shop around for insurance in Tennessee, but the most prevalent methods are from a captive (or exclusive) agency such as Auto-Owners or State Farm, an independent or non-exclusive agent, or from a direct company like Geico. They all have the same basic principle, but insurance buyers need to understand the differences in how they give price quotes.

Independent agencies are appointed by several companies and can do rate comparisons with each one. Agents of this type possess the freedom to give you more rate choices, which can give you a better chance of saving money. If your agent finds a cheaper company, your policy is moved internally which prevents you from having to find a new agency.

An exclusive ageny is only able to give prices for just one company, for example State Farm and Auto-Owners agents. They are unable to quote prices from more than a single company, so you will not be able to compare their rates to other companies.

Opting to purchase insurance direct means you forego an independent or exclusive agent and buy from a direct company like Progressive. Shopping for insurance direct is a good choice for people who do not need risk management and know how insurance works and possible exclusions.

What is the best method to buy cheap car insurance for felons in Tennessee? Our initial answer would be buying direct results in the cheapest rates since there isn’t an agent involved, but that is not always the case. An argument could also be made that going through an independent agent can save the most money since there are more companies to choose from, but that assumption is also not necessarily accurate. In a lot of cases, exclusive agents may have prices that other insurance companies cannot touch.

Due to that fact that insurance uses so many rating variables, the guaranteed way to get the lowest rate is to compare rate quotes from as many companies as possible. The ideal approach is to get price quotes from independent, exclusive, and direct to give yourself the best selection. For a list of companies with online discounts, click here to view.

How to find the cheapest car insurance for felons

Lowering your rates is not difficult, and here are some thrifty suggestions that can help Tennessee drivers find cheaper auto insurance.

• Maintain a safe distance and avoid accidents
• Be a safe driver
• Multi-policy discounts save money
• Improve your credit score
• Increase your policy deductibles
• Try to pay small claims out-of-pocket
• Compare rate quotes frequently

The last tip is certainly important, as was emphasized in the article above. Prices charged by car insurance companies in Tennessee fluctuate constantly, so don’t hesitate to switch companies if a lower price can be found. Many drivers tend to have loyalty to a certain company, but we do not recommend it if your bullheadedness ends up costing you hundreds every year. Take a couple minutes and compare prices to find cheaper auto insurance for felons.