How Much are Car Insurance Quotes for High Risk Drivers in Tennessee?

How Much are Car Insurance Quotes for High Risk Drivers in Tennessee?

The words “affordable” and “insurance” really don’t belong together, especially when you are trying to find the best coverage prices for high risk drivers. To save some money, let’s start the ball rolling by going over a few of the things that have a considerable impact on auto insurance premiums, and figure out some ways to cut the cost of your next policy.

For high risk drivers, one of the big factors that is looked at to determine the price you pay for insurance is where your home is located. Areas with high crime rates or more dense population like Memphis, Germantown, and Jackson will most likely pay more, whereas less populated areas benefit from lower coverage costs.

The information below illustrates the most costly cities in Tennessee for high risk drivers in which to buy car insurance.

Car insurance prices in Tennessee
Rank City Average Per Year
1 Memphis $1,446
2 Bartlett $1,405
3 Germantown $1,374
4 Collierville $1,363
5 Jackson $1,266
6 Oak Ridge $1,247
7 Knoxville $1,218
8 Clarksville $1,194
9 Smyrna $1,194
10 Spring Hill $1,193
11 Murfreesboro $1,183
12 Cookeville $1,182
13 Columbia $1,178
14 Maryville $1,172
15 Brentwood $1,168
16 Nashville $1,165
17 La Vergne $1,162
18 Gallatin $1,155
19 Franklin $1,129
20 Morristown $1,125
21 Hendersonville $1,124
22 Chattanooga $1,115
23 Cleveland $1,102
24 Johnson City $1,063
25 Kingsport $1,037
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Rate quotes are approximated as the specific Tennessee residence address can alter insurance rates significantly.

The type of vehicle driven is probably the largest consideration when quoting cheap insurance for high risk drivers in Tennessee. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of having liability claims will cost less to insure than higher performance models.

The information below estimates car insurance premiums for a number of the more afforable automobiles to insure in Tennessee.

Cheapest Auto Insurance Rates for High Risk Drivers in Tennessee
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLT 4WD $2,207
Honda CR-V EX 4WD $2,271
Hyundai Elantra SE Touring Station Wagon $2,343
Toyota Prius $2,443
Hyundai Tucson GLS 4WD $2,445
Chevrolet Traverse LT AWD $2,473
Ford F-150 XLT Regular Cab 2WD $2,480
Ford Explorer XLT 2WD $2,513
Jeep Wrangler Sahara 4WD 2-Dr $2,537
Subaru Outback 2.5I $2,545
Ford Edge Limited 2WD $2,552
Chevrolet Impala LS $2,561
Hyundai Santa Fe SE 2WD $2,582
Chevrolet Equinox LS AWD $2,592
GMC Sierra SL Extended Cab 2WD $2,582
Chevrolet Silverado LS Regular Cab 2WD $2,623
Subaru Forester XT Limited Edition W/Navigation AWD $2,651
Toyota Sienna LE $2,652
Toyota Tacoma Double Cab 4WD $2,657
Toyota RAV4 Sport 4WD $2,652
Dodge Grand Caravan Hero $2,659
Chevrolet Malibu LT $2,715
Kia Forte SX 4-Dr Sedan $2,722
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Data based on married male driver age 50, two speeding tickets, two at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Estimates do not factor in Tennessee location which can change auto insurance rates greatly.

Looking at the numbers, models like the Ford Escape, Honda CR-V, Hyundai Elantra, and Toyota Prius should be a few of the cheapest vehicles to insure for high risk drivers. Prices will tend to be more expensive just due to the fact that there is more inherent risk for high risk drivers, but in general those particular vehicles will probably have the lowest prices compared to other vehicles.

The example below shows how choosing a deductible can increase or decrease insurance prices when searching for cheap insurance for high risk drivers. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

In the chart above, a 30-year-old driver could cut expenses by $274 a year by increasing from a $100 deductible to a $500 deductible, or save $414 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old, could save as much as $586 each year by choosing a larger deductible amount.

When increasing deductibles, it’s a good idea to have plenty of savings on hand to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Which major car insurance company is best?

If you are shopping around for auto insurance for high risk drivers in Tennessee, some of the largest companies to start with are Geico, State Farm, Progressive, and Allstate. The next table compares pricing and service ratings, as well as optional policy coverages .

Top Four Auto Insurance Companies Compared
Geico State Farm Progressive Allstate
Policy Cost 1st 2nd 3rd 4th
Client Satisfaction 1st 4th 3rd 2nd
Claims Service 3rd 2nd 4th 1st
Discounts Offered 2nd 3rd 4th 1st
Mechanical breakdown insurance Yes No Yes No
New car replacement insurance No No No Yes
Accident forgiveness coverage Yes No Yes Yes
Usage-based rating No Yes Yes Yes
Emergency roadside service Yes Yes Yes Yes
Rideshare insurance Yes Yes Yes Yes
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