Who Has Affordable Car Insurance Quotes for Felons in Memphis?

The vehicle that needs insurance is probably the most important factor when comparing quotes for the lowest-priced insurance for felons. Vehicles with lots of speed or power, a lack of safety features, or a track record of large liability claims will cost much more to insure than safer models. The information below presents insurance premiums for the most economical vehicles to buy coverage for.

Cheapest Vehicles to Insure in Memphis, TN
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $1,661
Honda CR-V EX 2WD $1,821
Toyota Prius $1,841
Ford Escape XLT 4WD $1,923
Nissan Altima 2.5 4-Dr Sedan $1,966
Chevrolet Malibu LS $1,972
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,990
Ford F-150 XLT Regular Cab 2WD $1,992
GMC Sierra SLT Extended Cab 2WD $2,106
Honda Odyssey EX W/Rear Entertainment $2,112
Dodge Ram 3500 Crew Cab Laramie 2WD $2,196
Ford Explorer Limited 4WD $2,203
Chevrolet Equinox LS AWD $2,216
Toyota RAV4 Sport 4WD $2,225
Jeep Grand Cherokee Laredo 2WD $2,216
Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD $2,251
Dodge Grand Caravan Crew $2,265
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,270
Ford Focus SEL 4-Dr Sedan $2,268
Ford Edge Sport AWD $2,271
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rates do not factor in garaging location in Memphis, TN which can increase or decrease coverage prices significantly.

Looking at the numbers, we can expect makes and models like the Honda Accord, Honda CR-V, Toyota Prius, Ford Escape, and Nissan Altima should be some of the more affordable vehicles to insure for felons.

Deciding which insurers offer the most affordable auto insurance rates for felons will take a little more sweat than just picking a company at random. Each insurance company uses different criteria to determine rates, so let’s examine the most budget-friendly auto insurance companies in Memphis.

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Rankings for the cheapest car insurance companies in Tennessee
Rank Company Cost Per Year
1 Utica National $737
2 Auto-Owners $836
3 Cincinnati Insurance $884
4 Penn National $908
5 Tennessee Farmers $933
6 USAA $947
7 Erie $997
8 Nationwide $1,042
9 Allied $1,060
10 Westfield $1,079
11 GEICO $1,110
12 Travelers $1,165
13 State Farm $1,177
14 Direct General $1,201
15 The Hartford $1,208
16 Progressive $1,214
17 State Auto $1,217
18 Shelter $1,223
19 21st Century $1,274
20 Chubb $1,277
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Utica National quotes some of the most affordable car insurance rates in Memphis at around $737 annually. This is $591 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers also make the cut as some of the more affordable Memphis, TN insurance companies.

As shown in the table above, if you are currently insured with Penn National and switched to Auto-Owners, you may realize yearly savings of around $72. Customers with Tennessee Farmers could save as much as $97 a year, and USAA insureds might lower prices by $111 a year.

Remember that these rates are averages for all types of drivers and the different vehicles they drive and do not factor in a vehicle location for felons. So the car insurance company that fits your situation best 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 and vehicle profiles.

For felons, one of the more important things that are looked at to determine car insurance rates is where you call home. Areas with high crime rates or more dense population likely pay more, whereas areas with less congestion receive better rates.

The illustration below sorts the most expensive places in Tennessee for felons in which to purchase auto insurance. Memphis makes the list at #1 with an annual premium of $1,505 for the average policy, which is around $125 monthly.

How much does car insurance cost in Memphis, TN?
Rank City Annual Premium
1 Memphis $1,505
2 Bartlett $1,405
3 Collierville $1,363
4 Germantown $1,334
5 Jackson $1,266
6 Oak Ridge $1,247
7 Knoxville $1,230
8 Maryville $1,208
9 Nashville $1,201
10 Columbia $1,178
11 Cookeville $1,171
12 La Vergne $1,162
13 Morristown $1,159
14 Clarksville $1,158
15 Spring Hill $1,157
16 Gallatin $1,155
17 Chattanooga $1,149
18 Murfreesboro $1,148
19 Smyrna $1,148
20 Brentwood $1,144
21 Franklin $1,140
22 Hendersonville $1,136
23 Cleveland $1,091
24 Johnson City $1,063
25 Kingsport $1,057
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Premium amounts are approximated as the garaging address in Memphis can decrease or increase price quotes considerably.

Selecting the right auto insurance company is hard considering how many companies sell coverage in Memphis. The rank data in the next section may help you select which insurers you want to consider purchasing coverage from.

The rankings below are for companies that insure vehicles across America, so companies that may only write in Tennessee are not taken into consideration for the list. To compare price quotes from these and other top-rated companies, just click here.

Top 10 Large Auto Insurers in Memphis Ranked by Value

  1. Travelers
  2. American Family
  3. Safeco Insurance
  4. AAA Insurance
  5. The Hartford
  6. Progressive
  7. Erie Insurance
  8. Esurance
  9. 21st Century
  10. Titan Insurance

Top 10 Large Auto Insurers Overall in Memphis

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family

Liability only or full coverage

Reducing premiums for auto insurance is the goal of the majority of drivers, and one common way to find cheaper insurance for felons is to not buy comprehensive and collision coverage. The diagram below visualizes the comparison of car insurance rates when comparing full coverage to liability only. The price estimates are based on no claims, a clean driving record, $500 deductibles, single status, and no discounts are factored in.

As an overall average, full coverage costs $1,366 per year more than just insuring for liability. Lot’s of drivers question if paying for full coverage is a waste of money. There isn’t a steadfast formula of when to drop full coverage, but there is a general guideline you can use. If the yearly cost for physical damage 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.

Discount Memphis auto insurance

Save on auto insurance for felons in MemphisAuto insurance companies that offer quotes for felons may also provide rate discounts that could reduce prices by as much as 25% or more if you meet eligibility requirements. A few of the larger companies and a summarized list of policyholder discounts are shown below.

The illustration below illustrates the difference between premium costs with and without discounts being applied to the rates. Data assumes a female driver, no claims or driving violations, Tennessee state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, passive restraint, multiple vehicle, defensive driving course, multiple policy, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on auto insurance for felons is 28% or $432.

Memphis car insurance rates

Memphis auto insurance rates are determined by lots of factors that can increase the price you pay for coverage. Simply improving your credit, increasing liability limits, or getting a reckless driving citation may generate price changes that can cause some rates to be more affordable than others.

Not only may things change on your end, but insurance companies change rates multiple times each year in order to offset underwriting gains or losses. An extended period of higher than normal claims may result in additional price hikes, while better underwriting may cause lower-priced Memphis car insurance rates.

To illustrate this point, the data below shows rates for the cheapest car insurance in Memphis, TN for a 35-year-old female driver with no accidents, a clean driving record, and good credit. Based on her current rating profile, Utica National might offer the lowest car insurance rates in Memphis at $1,070 a year. This is $258 less than the average premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are the rest of the cheapest Memphis, TN auto insurance companies.

Now we will give the driver in the first chart a claim surcharge, slightly worse credit, and a traffic citation. Since every car insurance company has a unique formula for determining rates, comparing insurance quotes most likely will result in a completely different list of affordable companies as shown below.

Erie now has the best price on car insurance in Memphis with Nationwide, Allied, Westfield, and Auto-Owners also having competitive pricing. This example illustrates why Memphis drivers need to spend some time comparing rates when trying to get the most affordable auto insurance rates for felons. Auto insurance prices are determined by many factors and can decrease or increase without notice, so the best option when you bought your policy may now be quite expensive.