Cheapest Auto Insurance Quotes for Teenage Females in Tennessee

For teen girls, one of the largest considerations that help determine a rate quote is where your car is garaged in Tennessee. Areas with more people or more claims like Memphis, Germantown, and Jackson will most likely pay more, whereas cities that are not as densely populated generally pay lower car insurance rates.

The illustration below ranks the most expensive places in Tennessee for teenage females in which to buy car insurance.

Prices are comparative as zip code location can influence premiums significantly.

Deciding which company has the cheapest car insurance rates for teenage females involves a bit more effort than just comparing rates from one or two companies.

Each company uses their own calculation for filing rates in each state, so let’s take a look at the lowest cost car insurance companies in Tennessee.

Cheapest Insurance Rates for Teens

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Utica National may have some of the cheapest car insurance rates in Tennessee at around $744 each year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA would also be considered some of the most economical Tennessee insurance companies.

In this example, if you are insured with Auto-Owners and switched to Utica National, you might achieve a yearly savings of roughly $83. Drivers with Cincinnati Insurance might save as much as $132 a year, and Penn National policyholders might reduce rates by $182 a year.

Bear in mind that those prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a rate increase for teenage females. So the insurer that can offer you the best price may not even be shown in the above rate chart. That underscores the importance of why you need to get rate quotes from many companies using your own individual information.

Price comparison of only insuring for liability

Finding the cheapest car insurance for teenage females in Tennessee is important to most drivers, and an easy way to reduce the cost of insurance is to not insure for full coverage. The information below illustrates the difference between car insurance costs with full coverage compared to only the Tennessee minimum liability coverage. The costs are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.

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If we average the cost for all age groups, full coverage costs an extra $2,220 per year more than buying just liability insurance. That proposes the question if it’s worth it to buy full coverage. There is no set guideline of when to exclude comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s replacement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $10,000 after you pay the deductible. If it’s costing in excess of $1,000 annually to have full coverage, then you might consider buying liability only.

There are a few situations where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

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

If you’re looking for the cheapest auto insurance for teen girls, the four most popular companies are Geico, Progressive, Allstate, and State Farm. Combined they insure about 50% of the entire U.S. market share. The table below compares and contrasts some of the different features shoppers can expect to find with each one.

Find the cheapest car insurance for teenage females in Tennessee

The list below shows some of the better money-saving ideas that can help drivers locate cheaper coverage.

• Try to remain claim-free
• Accident-free drivers may qualify for discounts
• Choose a safer vehicle and pay lower rates
• Do not get tickets
• Bundle home and auto and earn a discount
• Compare rate quotes often

The last suggestion is notably valuable, as we pointed out in this piece. Car insurance prices in Tennessee vary considerably, so don’t hesitate to switch to a new company if a cheaper rate is available.

Being loyal to a particular company is commendable, but it isn’t a good idea if that loyalty ends up costing a lot of money every month. In just a couple of minutes you could compare rates to find cheaper auto insurance for teenage females.