How Much is Car Insurance for Good Students in Tennessee?

When shopping for cheaper auto insurance for student drivers, one of the many components that auto insurance companies take into consideration when calculating a rate quote is where your home is located in Tennessee. Areas with more people like Memphis, Germantown, and Jackson are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.

The illustration below illustrates the highest-priced places in Tennessee for good students to purchase auto insurance in.

Prices are estimated as the specific area where the vehicle is garaged can decrease or increase rates noticeably.

Deciphering which companies offer the lowest-priced auto insurance rates for good students calls for a bit more work in order to find a policy that fits your budget. Every insurance provider has a unique approach to set policy rates, so we need to take a look at the lowest cost auto insurance companies in Tennessee.

It’s important to understand that Tennessee auto insurance rates are impacted by many factors that can increase the cost of coverage. Simply having a birthday, filing a claim, or having an accident may generate price changes that can now make some companies more affordable than competitors.

Best Insurance Companies for Students

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Utica National normally has some of the cheapest car insurance rates in Tennessee at around $760 each year. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers would also be considered some of the lowest-priced Tennessee insurance companies.

In the above example, if you currently buy coverage from Auto-Owners and switched to Utica National, you might achieve savings of around $101. Insureds with Cincinnati Insurance could save as much as $116 a year, and Penn National customers might cut rates by $139 a year.

To see how much you can save, click here to begin a quote or click several companies below for low rates.

Remember that these rates are averaged across all insureds and vehicles and and are not figured with a price discount for good students. So the car insurance company that fits your age and vehicle best may not even be shown in the list of companies above. That point stresses why you need to get auto insurance quotes using your own specific driver information and vehicle.

We all have different tastes in cars, and the vehicle to be insured is one of the largest considerations when shopping for cheap insurance for good students in Tennessee. Vehicles with limited top-end speed, a plethora of safety features, or low incidents of liability claims will cost much less to insure than fast, unsafe models. The next tables outlines insurance prices for the most affordable vehicles to insure.

Above prices assume single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can revise rates considerably.

Prices based on single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in your specific Tennessee location which can increase or decrease premium rates significantly.

Prices above based on single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific Tennessee garaging location which can influence auto insurance rates substantially.

The chart below highlights how deductible choice can raise or lower insurance costs when trying to find cheap insurance for good students. The price estimates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3839,3493,3119,2767],[‘Age 30’, 1953,1795,1613,1439],[‘Age 40’, 1951,1781,1589,1409],[‘Age 50’, 1771,1619,1449,1287],[‘Age 60’, 1717,1569,1407,1253],[‘Age 70’, 2089,1923,1739,1565]]);var options = {title: ‘Impact of Deductibles on Auto Insurance Cost in Tennessee’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 30-year-old driver could cut expenses by $362 a year by changing from a $100 deductible up to a $500 deductible, or save $542 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, can cut up to $1,072 annually by choosing a higher deductible. If you do decide to increase your deductibles, it is important to have enough spare savings to be able to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Discounts on Tennessee auto insurance rates

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-good-students-tn.jpg" alt="Cheaper Tennessee auto insurance for student drivers” />Auto insurance companies that provide cheap insurance for good students in Tennessee may additionally offer rate discounts that can reduce rates by as much as 35% or more if you are eligible to receive them. Companies and their offered discounts are outlined below.

The information below shows the difference between car insurance rates with and without some available policy discounts. Data assumes a male driver, no claims or violations, Tennessee state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with vehicle safety, paperless filing, passive restraint, good student, anti-theft, and continuous coverage discounts applied. When discounts are factored in, the the average yearly reduction on auto insurance for good students is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 17’, 4227,3033],[‘Age 30’, 1477,1077],[‘Age 40’, 1463,1065],[‘Age 50’, 1333,969],[‘Age 60’, 1283,935]]);var options = {title: ‘Insurance Premium Comparison for Good Students’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Geico, Progressive, State Farm, and Allstate compared

When buying car insurance for student drivers in Tennessee, the companies that insure more vehicles than anyone else are Geico, Progressive, State Farm, and Allstate. Between them, they make up about 50% of all policies written. The following table compares price, claims, and customer service ratings, as well as some optional coverages offered by each company.

Cheap insurance quotes for student drivers

Drivers have a lot of ways to shop for and buy auto insurance in Tennessee, but the most prevalent are through a non-exclusive or independent agent, an exclusive insurance agency such as Liberty Mutual or State Farm, or buying direct from a company like Progressive or Geico. They all follow the same basic process, but auto insurance buyers need to understand the differences in how they function.

Independent insurance agencies can place your business with multiple companies and can quote your policy with every one. These types of agencies are not required to write business for one company and can provide you with more rate quotes, which may give you a better comparison. If a cheaper rate is found, they simply move the coverage in-house which prevents you from having to switch agents.

A captive or exclusive agent is only able to place business with just one company, two of the more popular are an Allstate or Liberty Mutual agent. They generally cannot provide rates from more than one company, so you might not find the best rates.

When you buy auto insurance direct, you bypass a local agent and buy from a direct company like Progressive or Geico. Buying auto insurance direct is a good choice for consumers who do not need advice for risk management and know what coverages they need.

So which one of the three ways works best to buy cheap insurance for good students in Tennessee? We wish we could say buying direct results in the cheapest rates since there is no middleman, but that does not always hold true. It would also be easy to say an independent agency results in the cheapest rates since they can quote with many companies, but that is not necessarily true either. In some circumstances, exclusive agencies have coverage prices well below independent agents AND direct companies.

Because of the variability of auto insurance rates, the only real way to buy the cheapest coverage is to obtain price quotes and compare them. We highly recommend getting prices from all three types to give yourself plenty of rates to compare. For a list of companies with cheap rates in Tennessee, click here to view.