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.
|Rank||City||Average Per Year|
|Find Cheaper Insurance Go|
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.
|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|
|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|
|Start Your Quote Go|
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.
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 .
|Mechanical breakdown insurance||Yes||No||Yes||No|
|New car replacement insurance||No||No||No||Yes|
|Accident forgiveness coverage||Yes||No||Yes||Yes|
|Emergency roadside service||Yes||Yes||Yes||Yes|
|Compare Prices Now Go|