What Car Insurance is Cheapest for Police Officers in Memphis?

Figuring out which company has the best insurance rates for police officers involves a little more sweat than just picking a company at random.

Each company has their own guidelines for determining rates in each state, so we’ll take a look at the insurance companies with the most affordable rates in Tennessee. It’s important to know that Tennessee insurance rates are determined by lots of factors that can increase the policy premium. Simply having a birthday, having a teenage driver, or getting caught speeding may cause policy rate changes that can make some companies more affordable than before.

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Rankings for the cheapest car insurance companies in Tennessee
Rank Company Cost Per Year
1 Utica National $760
2 Auto-Owners $861
3 Cincinnati Insurance $876
4 Penn National $899
5 USAA $947
6 Tennessee Farmers $951
7 Erie $997
8 Nationwide $1,032
9 Westfield $1,047
10 Allied $1,049
11 GEICO $1,156
12 Progressive $1,190
13 State Farm $1,201
14 Travelers $1,213
15 The Hartford $1,221
16 Shelter $1,223
17 Direct General $1,238
18 State Auto $1,241
19 21st Century $1,261
20 Chubb $1,290
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Utica National generally has some of the best car insurance rates in Memphis at around $760 each year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA would also be considered some of the best Memphis, TN car insurance companies.

As depicted above, if you are a customer of Penn National and switched to Utica National, you might achieve an annual savings of upwards of $139. Customers with USAA may save as much as $187 a year, and Tennessee Farmers policyholders might realize rate reductions of up to $191 a year.

These premiums are averages across all types of drivers and the different vehicles they drive and and are not calculated with a specific vehicle garaging location for police officers. So the company that fits you best may not even be in the top 30 companies in the list above. That point stresses why you need to compare as many prices as possible using your own individual information.

The vehicle that needs insurance is one of the main factors that determines whether or not you find the most affordable insurance for police officers. Vehicles with higher performance, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models.

The data below shows auto insurance prices for a handful of the cheaper automobiles to insure in Tennessee.

Cheapest Vehicles to Insure in Memphis, TN
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,715
Ford Escape Limited 2WD $1,722
Chevrolet Impala LS $1,779
Toyota RAV4 4WD $1,816
Honda Accord EX-L 4-Dr Sedan $1,827
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,832
Ford Explorer Eddie Bauer 4WD $1,849
Toyota Prius $1,866
Volkswagen Jetta S 2.5 Station Wagon $1,869
Hyundai Elantra SE Touring Station Wagon $1,876
Nissan Rogue SL 2WD $1,947
Ford F-150 Lariat King Ranch 2WD $1,955
GMC Sierra 3500HD SLE Regular Cab 2WD $1,980
Chevrolet Equinox LT AWD $1,986
Honda Odyssey EX $1,994
Chevrolet Malibu LT $2,025
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $2,035
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Table data does not factor in specific location information which can affect prices substantially.

Based upon the table data, you can figure that cars like the Honda CR-V, Ford Escape, Chevrolet Impala, and Toyota RAV4 are likely to be some of the most affordable vehicles to insure for law enforcement personnel.

Ending up with a good quality car insurance provider can be rather challenging considering how many different insurance companies sell coverage in Tennessee. The information in the lists below can help you choose which car insurance providers to look at purchasing from.

The rankings below are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that have a smaller presence are not factored into the list. To view rates from these companies and more, click here.

Best 15 Insurance Companies for Police Officers in Tennessee
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
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Data Source: Insure.com Best Car Insurance Companies

How to get discounts on Memphis auto insurance

Insurance for law enforcement personnel in Memphis, TNAuto insurance companies that provide policies for police officers may also provide policy discounts that could potentially reduce rates by as much as 35% or more if you are eligible. A list of companies and the discounts they provide are:

The diagram below shows the difference between insurance prices with and without discounts applied to the policy rates. The rates are based on a female driver, no claims or driving violations, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple vehicle, claim-free, defensive driving course, marriage, multiple policy, and vehicle safety discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance for police officers is 28% or $487.

Your cheap policy may actually be overpriced

Memphis, TN insurance rates are determined by lots of factors that control the price of your policy. Simply having a birthday, having a claim, or getting a speeding ticket can cause premium changes that can make some companies more affordable than others. In addition to those changes, insurers modify rates as often as every three months in order to protect their financial rating. An unexpected high level of claims can cause more expensive premiums, while a lower level of claims can cause lower-cost Memphis car insurance rates.

To illustrate this point, the chart below shows the cheapest car insurance in Memphis, TN for a 35-year-old female driver with a clean driving record, no accidents, and excellent credit. When quoting prices based on her personal risk profile, Utica National may have the cheapest car insurance rates in Memphis at $1,038 annually. This is $290 less than the average premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA round out the rest of the top five cheapest Memphis, TN auto insurance companies.

In this example, we will give the driver from above a chargeable claim, a lower credit rating, and a traffic citation. Since every car insurance company has a different formula for determining prices, comparing insurance quotes most likely will result in a different set of the cheapest Memphis car insurance companies as shown below.

Erie now has the best price in Memphis, TN with Nationwide, Westfield, Allied, and GEICO now being in the top five. This demonstrates why consumers need to compare as many rates as possible when trying to get the best auto insurance quotes for police officers.

Car insurance prices are influenced by many factors and change dramatically, so the most affordable company the last time you checked may now be quite expensive.

Tips for finding the cheapest insurance for police officers

It’s not impossible to find cheaper rates, and here are some of the better penny-pinching suggestions that can help you quote lower-cost coverage.

That last tip is extraordinarily necessary, as was pointed out in the prior article. Auto insurance rates change a lot, so don’t hesitate to switch companies if a more affordable price is available.

Having brand loyalty is commendable, but it isn’t a good idea if that devotion results in you overpaying a lot of money. Take a couple minutes and compare rates to find cheaper auto insurance for police officers in Memphis.

If you prefer to get help from a professional when shopping for cheaper insurance for police officers, the insurance agencies below can probably provide answers to your questions and help you determine which coverage meets your needs best. To find an agent in your neighborhood, click the link at the bottom.

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