The words “bargain” and “auto insurance” really should not be used together, especially when you are trying to find the best car insurance for drivers with a DUI. Because it’s not cheap, let’s lead off by showing you a few of the factors that have an effect on insurance rates, and see if we can help you reduce the price of the next policy you buy.
Establishing which companies quote the cheapest car insurance rates for drivers with a DUI calls for a little more sweat than just comparing a company or two. Each company uses their own formula to set their prices, so let’s take a look at the car insurance companies with the overall cheapest rates in Memphis, TN.
It’s important that readers know that Memphis, TN car insurance rates are impacted by many factors which can substantially decrease or increase the price you pay for coverage. Improving your credit rating, adding a teenager to your policy, or getting a DUI can trigger rate changes resulting in some companies being much cheaper than others.
Find Cheaper Auto Insurance after a DUI
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $744 |
| 2 | Auto-Owners | $852 |
| 3 | Cincinnati Insurance | $876 |
| 4 | Penn National | $908 |
| 5 | USAA | $919 |
| 6 | Tennessee Farmers | $961 |
| 7 | Erie | $967 |
| 8 | Allied | $1,029 |
| 9 | Nationwide | $1,042 |
| 10 | Westfield | $1,079 |
| 11 | GEICO | $1,156 |
| 12 | Shelter | $1,199 |
| 13 | Direct General | $1,201 |
| 14 | Travelers | $1,213 |
| 15 | State Farm | $1,213 |
| 16 | Progressive | $1,214 |
| 17 | State Auto | $1,217 |
| 18 | The Hartford | $1,221 |
| 19 | 21st Century | $1,313 |
| 20 | Chubb | $1,329 |
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Utica National may have some of the best car insurance rates in Memphis at around $744 per year. This is $584 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also make the cut as some of the lowest-priced Memphis, TN auto insurance companies.
In the rate table above, if you currently have a policy with USAA and switched to Auto-Owners, you might achieve yearly savings of roughly $67. Policyholders with Tennessee Farmers may save as much as $109 a year, and Erie customers might realize rate reductions of up to $115 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or visit any of the companies below.
Understand that those rates are averages across all insureds and vehicles and do not factor in an exact vehicle garaging location for drivers with a DUI. So the company that has the lowest price for you may not even be in the top 30 companies in the list above. That helps illustrate why you need to quote rates from many companies using your own specific driver and vehicle information.
After getting a DUI, one of the big things that help determine car insurance rates is where your car is garaged. Areas with a lot of weather claims or more people tend to pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.
The illustration below ranks the highest-priced places in Tennessee for drivers with a DUI to buy an auto insurance policy in. Memphis shows up at #1 with a yearly premium of $1,460 on average, which is about $122 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Memphis | $1,460 |
| 2 | Bartlett | $1,363 |
| 3 | Germantown | $1,334 |
| 4 | Collierville | $1,309 |
| 5 | Jackson | $1,305 |
| 6 | Knoxville | $1,230 |
| 7 | Oak Ridge | $1,210 |
| 8 | Spring Hill | $1,205 |
| 9 | Columbia | $1,190 |
| 10 | La Vergne | $1,186 |
| 11 | Nashville | $1,177 |
| 12 | Maryville | $1,172 |
| 13 | Clarksville | $1,170 |
| 14 | Brentwood | $1,168 |
| 15 | Morristown | $1,159 |
| 16 | Murfreesboro | $1,159 |
| 17 | Smyrna | $1,148 |
| 18 | Cookeville | $1,147 |
| 19 | Hendersonville | $1,136 |
| 20 | Gallatin | $1,133 |
| 21 | Franklin | $1,129 |
| 22 | Cleveland | $1,124 |
| 23 | Chattanooga | $1,115 |
| 24 | Kingsport | $1,068 |
| 25 | Johnson City | $1,041 |
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Price information shown is comparative as the vehicle garaging location can change premium rates substantially.
The diagram below illustrates how your choice of deductibles can affect annual premium costs when trying to find cheap insurance for drivers with a DUI. Data assumes a single male driver, full coverage, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could lower their car insurance rates by $322 a year by switching from a $100 deductible to a $500 deductible, or save $484 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old example, can cut as much as $1,072 or more just by choosing higher deductibles.
When raising deductibles, it will be necessary to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Careless drivers pay higher rates
The common sense way to snag the cheapest car insurance prices after getting a DUI is to drive cautiously and avoid accidents and keep your driving record clean. The illustration below illustrates how violations and fender-benders can influence yearly insurance costs for different age groups. The data assumes a single female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of auto insurance per year with no accidents or violations is $1,731. Factor in two speeding tickets and the average cost swells to $2,317, an increase of $586 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of car insurance for drivers with a DUI goes up to an average of $2,915. That’s an increase of $1,184, or $99 per month, just for not driving responsibly!
Discount Memphis car insurance
Insurance companies that provide coverage for drivers with a DUI may provide price discounts that can lower rates by as much as 35% or more if you meet specific criteria. Companies and some of their more popular discounts are detailed below.
- State Farm includes discounts for good student, multiple policy, Steer Clear safe driver discount, anti-theft, driver’s education, and good driver.
- GEICO may offer discounts for federal employee, anti-theft, military active duty, anti-lock brakes, five-year accident-free, and defensive driver.
- Liberty Mutual has savings for good student, new graduate, safety features, multi-policy, and preferred payment discount.
- The Hartford offers premium reductions for vehicle fuel type, air bag, good student, bundle, anti-theft, and driver training.
- MetLife may include discounts for defensive driver, multi-policy, good student, good driver, claim-free, and accident-free.
- Progressive offers discounts for continuous coverage, good student, multi-vehicle, multi-policy, online signing, homeowner, and online quote discount.
The illustration below shows the comparison of insurance costs with and without discounts being applied to the rates. Data assumes a male driver, no at-fault accidents and two violations, Tennessee state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with paid-in-full, vehicle safety, multiple policy, anti-theft, continuous coverage, and marriage discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for drivers with a DUI is 28% or $499.
Why you should be comparing rates
Tennessee car insurance rates are impacted by many factors which can substantially change the price you pay. Improving your credit rating, buying a home, or getting a driving violation can produce rate changes resulting in some companies being cheaper in comparison to the competition.
Not only that, but auto insurance companies change premium rates every year or even multiple times each year to help ensure profitability. Heavy losses can cause additional price hikes, while lower claim expenses may produce more affordable Memphis car insurance rates.
For example, the graph below compares the cheapest car insurance in Memphis, TN for a 45-year-old male driver with no accidents or violations, and a decent credit rating. If we look at prices based on his personal profile, Utica National has the lowest car insurance rates in Memphis at $1,065 per year. This is $263 less than the average rate paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also make the list of the top five cheapest Memphis, TN auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates an accident claim, less-than-perfect credit, and a traffic citation. Due to the fact that every insurance company has their own guidelines for setting prices, analyzing rates may now present a significantly different list of the cheapest car insurance companies in Memphis as shown below.
Erie now has the lowest car insurance rate in Memphis, TN with Nationwide, Westfield, Allied, and GEICO now rounding out the top five. This shows why it is critical to compare rates when trying to find the most affordable insurance rates for drivers with a DUI.
Insurance rates consist of many risk factors and change substantially, so the most affordable company the last time you compared rates may now be quite expensive.