For teen girls, one of the largest things that are looked at to help calculate the price you pay for insurance is where you choose to live. Areas with more people or even just a higher incidence of claims likely pay more, whereas less populated areas have the benefit of cheaper auto insurance prices.
The information below ranks the highest-priced areas in Tennessee for teenage females to purchase car insurance in. Memphis is ranked at #1 with a yearly cost of $1,505 for the average insurance policy, which is about $125 monthly.
|Rank||City||Premium Per Year|
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Rate quotes are estimated as zip code location can raise or lower price quotes significantly.
Figuring out which companies quote the best insurance rates for teenage females will involve a tad more effort in order to find the best policy. Every auto insurer has their own process for determining prices, so let’s take a look at the overall cheapest insurance companies in Memphis, TN.
Find the Cheapest Car Insurance for Teens
|Rank||Company||Cost Per Year|
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Utica National may have some of the best car insurance rates in Memphis at around $737 per year. This is $591 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 auto insurance companies.
As shown in the rates above, if you are currently insured with Cincinnati Insurance and switched to Utica National, you may see yearly savings of roughly $147. Insureds with Penn National may save as much as $189 a year, and USAA insureds might lower prices by $210 a year.
To find out how your current rates compare, click here to get quotes or visit several of the following companies.
It’s important to note that these premium estimates are averages for all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for teenage females. So the insurer that is best for you may not even be in the top 30 companies in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
The make and model of vehicle requiring coverage is probably the largest consideration when comparing quotes for the best insurance for teenage females. Vehicles with average performance, advanced safety features, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The table below showcases auto insurance premiums for a number of the more affordable automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$6,073|
|Honda CR-V EX 2WD||$6,081|
|Honda Accord EX-L 4-Dr Sedan||$6,496|
|Ford Edge SE 2WD||$6,777|
|Jeep Wrangler Sahara 4WD 2-Dr||$6,830|
|Volkswagen Jetta SE 2.5 Station Wagon||$6,920|
|Honda Odyssey EX W/Rear Entertainment||$7,147|
|Chevrolet Equinox LT AWD||$7,200|
|GMC Sierra SLE Regular Cab 2WD||$7,206|
|Toyota Tacoma Double Cab 4WD||$7,200|
|Toyota RAV4 Limited 4WD||$7,205|
|Dodge Grand Caravan Crew||$7,257|
|Ford Explorer Eddie Bauer AWD||$7,265|
|Hyundai Elantra Blue 4-Dr Sedan||$7,515|
|Toyota Corolla XLE||$7,568|
|Chevrolet Impala LTZ||$7,575|
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Prices above based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific location which can influence insurance rates considerably.
Based upon these rates, you can figure that models like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Ford Edge are most likely to be a few of the most economical vehicles to insure for teen girls. The price of auto insurance will be more costly because there is a higher risk for teenage females, but overall those particular vehicles will probably have the lowest insurance rates compared to all other vehicles.
Selecting a highly-rated insurance company can be difficult considering how many different companies sell coverage in Memphis. The company information shown below may help you decide which insurers you want to consider when insurance shopping for teenage females. The rankings below are for large insurance companies, so smaller regional companies are not taken into consideration for this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The chart below illustrates how your deductible choice can change annual premium costs when researching cheap insurance for teenage females. The prices are based on a single female driver, full physical damage coverage, and no discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $354 a year by increasing from a $100 deductible up to a $500 deductible, or save $532 by using a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates as much as $794 or more by selecting a higher deductible. If you do make the decision to raise your deductibles, it’s a good idea to have emergency funds available to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Full coverage or liability only
Paying a lower price for insurance is probably important to the majority of people, and a great way to find cheap insurance for teenage females is to not buy full coverage. The illustration below shows the comparison of car insurance costs with liability coverage only compared to full coverage. The data assumes no violations or accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.
If averaged for all ages, comprehensive and collision coverage on your policy costs $1,217 per year more than insuring for liability only. Lot’s of drivers question if you should buy full coverage at all. There is no specific rule that works best for making the decision to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s assume your vehicle’s replacement cost is $4,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $3,500 after the policy deductible has been paid. If you are paying more than $350 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
How to find the cheapest car insurance for teenage females
The list below details some of the better penny-pinching suggestions that can help Tennessee drivers quote more affordable auto insurance.
- Do not file small claims
- Increase your deductibles
- Home or renters coverage can save on auto insurance
- Higher credit scores may earn you cheaper rates
- Avoid accidents and claims
- Do not get tickets or violations
- Shop around once a year for cheaper rates
That last tip is certainly important, as was discussed in the prior information. Auto insurance prices go up and down frequently, so don’t be tentative to buy a policy from a new company if a more affordable rate is found. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that stubbornness costs you lots of hard earned cash every month. It takes less than five minutes to compare prices to find cheaper car insurance for teenage females in Memphis.
If you have questions and prefer to get some professional advice when buying car insurance for teen girls, the insurance agencies listed below are willing to answer your questions and help you decide which coverages are best.
To locate an agency nearest to you, click the link after the list or click here to compare price quotes now.
Dan Crawford – State Farm Insurance Agent
5705 Stage Rd #160 – Memphis, TN 38134 – (901) 372-4400
Allstate Insurance: Brandon Goodrich
3725 Riverdale Rd Ste 4 – Memphis, TN 38115 – (901) 794-0080
Boyle Insurance Agency, Inc.
5900 Poplar Ave – Memphis, TN 38119 – (901) 766-0200
Fred L. Davis Insurance Agency – Car Insurance Agency
1374 Airways Blvd – Memphis, TN 38114 – (901) 323-6159
Rickey Jeans – State Farm Insurance Agent
4285 Elvis Presley Blvd – Memphis, TN 38116 – (901) 346-0300