The type of vehicle requiring coverage is one of the largest considerations when comparing quotes for the lowest-priced auto insurance for postal workers. Vehicles with limited speed and performance, a great safety record, or low incidents of liability claims will cost much less to insure than adrenaline junky models.
The table below outlines coverage premiums for a number of the more affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,638|
|Chevrolet Impala LS||$1,900|
|Honda CR-V EX-L 2WD||$1,917|
|Toyota RAV4 2WD||$1,937|
|Chevrolet Malibu Hybrid||$1,946|
|Dodge Grand Caravan SXT||$1,972|
|Honda Accord EX-L 4-Dr Sedan||$2,033|
|Ford Escape Limited 2WD||$2,053|
|Volkswagen Jetta SEL 4-Dr Sedan||$2,074|
|Jeep Grand Cherokee SRT-8 4WD||$2,080|
|Hyundai Sonata GLS 4-Dr Sedan||$2,080|
|Dodge Ram Crew Cab SLT 2WD||$2,114|
|Chevrolet Equinox LT 2WD||$2,219|
|Jeep Wrangler Rubicon 4WD 2-Dr||$2,251|
|Ford Explorer Limited 4WD||$2,263|
|Toyota Tacoma Double Cab 4WD||$2,269|
|Toyota Corolla S||$2,335|
|Chevrolet Silverado LS Regular Cab 2WD||$2,370|
|GMC Sierra SLE Crew Cab 2WD||$2,379|
|Ford Fusion Hybrid 4-Dr Sedan||$2,446|
|Honda Civic SI 4-Dr Sedan||$2,451|
|Ford Focus SES 4-Dr Sedan||$2,454|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific garaging location which can change insurance rates noticeably.
Based upon these rates, you can infer that vehicles like the Hyundai Elantra, Toyota Prius, Chevrolet Impala, and Honda CR-V are likely to be some of the most economical vehicles to insure for postal employees.
For postal employees, one of the more important components that determine the price you pay for insurance is where you live in Memphis. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The following table rates the highest-priced places in Tennessee for postal workers to purchase car insurance in. Memphis is ranked #1 with an annual cost of $1,505 for the average insured, which is approximately $125 per month.
|Rank||City||Premium Per Year|
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Rates are comparative as vehicle location can influence coverage prices considerably.
Finding out which insurers offer the lowest-priced auto insurance rates for postal workers will involve a little more effort in order to find the lowest price.
Every car insurance company uses a little different formula to set policy rates, so let’s take a look at the most competitive auto insurance companies in Memphis.
Best Insurance Companies for USPS Employees
|Rank||Company||Cost Per Year|
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Utica National may have some of the most affordable car insurance rates in Memphis at around $767 per year. This is $561 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also qualify as some of the more affordable Memphis, TN car insurance companies.
As depicted above, if you are a customer of Penn National and switched to Utica National, you could earn savings of approximately $141. Drivers with USAA may save as much as $162 a year, and Tennessee Farmers insureds might reduce rates by $166 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or visit any of the low-priced companies below.
These premiums are averaged for all insureds and vehicles and are not factoring in a vehicle location for postal workers. So the auto insurance company that can offer you the lowest price may not even be in the top 30 companies shown above. That emphasizes why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Get discount Memphis auto insurance rates
Insurance providers that sell policies for postal workers may additionally offer discounts that can reduce rates by as much as 25% or more if you qualify. The best auto insurance companies and the discounts they provide are detailed below.
- State Farm has discounts for good driver, multiple policy, student away at school, accident-free, Steer Clear safe driver discount, and Drive Safe & Save.
- Farmers Insurance offers discounts for early shopping, youthful driver, homeowner, pay in full, and alternative fuel.
- Progressive offers premium reductions for good student, multi-policy, homeowner, continuous coverage, online signing, and multi-vehicle.
- GEICO may include discounts for membership and employees, multi-vehicle, five-year accident-free, air bags, military active duty, and emergency military deployment.
- Auto-Owners Insurance may have discounts that include safe driver, company car, mature driver, group or association, paid in full, and air bags.
- The Hartford offers discounts including anti-theft, good student, air bag, vehicle fuel type, bundle, defensive driver, and driver training.
- Farm Bureau may offer discounts for youthful driver, good student, multi-vehicle, multi-policy, and driver training.
- USAA discounts include vehicle storage, driver training, safe driver, multi-policy, and good student.
The illustration below shows the comparison of annual premium costs with and without discounts applied to the rates. Data assumes a male driver, no violations or claims, Tennessee state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, safe-driver, accident-free, claim-free, multiple vehicle, and marriage discounts applied. When taking advantage of discounts, theamount saved on auto insurance for postal workers is 28% or $453.
The example below shows how choosing a deductible can impact insurance premiums when researching cheap insurance for postal workers. The prices are based on a single male driver, comp and collision included, and no policy discounts are applied.
A 30-year-old driver could reduce rates by $362 a year by increasing from a $100 deductible to a $500 deductible, or save $542 by using a $1,000 deductible. Young drivers, like the 20-year-old category, have the ability to save $1,072 each year just by using higher deductibles. When increasing deductibles, it is important to have additional funds in a savings account to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How much more does full coverage cost?
Buying cheaper auto insurance should be important to the majority of people, and one great way to pay less for insurance for postal workers is to not buy full coverage. The chart below shows the comparison of insurance premiums with liability coverage only compared to full coverage. The rates are based on no claims or violations, $1,000 deductibles, marital status is single, and no discounts are factored in.
As an average, physical damage insurance costs an extra $1,642 per year over and above liability coverage. That is a large expense which might make you wonder if you should buy full coverage. There is no definitive formula for dropping full coverage, but there is a general school of thought. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
There are a few situations where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
How to find more affordable auto insurance for postal workers
The list below summarizes a few penny-pinching ideas that can help Tennessee drivers locate low-cost coverage.
- Maintain a safe distance and avoid accidents
- Tickets and violations raise rates
- Home or renters coverage can save on auto insurance
- Try to pay small claims out-of-pocket
- Clean up your credit
- Increase physical damage deductibles
- Compare rates regularly and switch companies to save money
That final tip is notably significant, as was pointed out in the prior article. Car insurance prices in Memphis adjust frequently, so you should be ready to change insurance companies if a cheaper rate is available. Having a favorite company is great, but it’s not a great idea if that dedication is costing a considerable chunk of change every month. Take a few minutes and compare prices and find cheaper insurance for postal workers.
The insurance agencies listed below can help you determine which policy is best, as some drivers wish to have the advice of a professional agent when comparing insurance rates for postal workers. It can be difficult to find the cheapest auto insurance company, and using a licensed agent can provide satisfaction knowing your policy gives you enough coverage when you need it. To find an agent nearest to you, click the button below the list.
- Allstate Insurance: Angie Hooten-Hughes
6803 Summer Ave – Memphis, TN 38134 – (901) 373-6060
- Deloris Burrow – State Farm Insurance Agent
3558 Hickory Hill Rd – Memphis, TN 38115 – (901) 373-8052
- Peterson Insurance Services, Inc.
8046 N Brother Blvd #101 – Memphis, TN 38133 – (901) 386-4777