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.
Find Cheaper Car Insurance for Law Enforcement
| 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 |
| Get Personalized Rates Go | ||
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.
| 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 |
| Get a Custom Quote Go | |
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.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Memphis auto insurance
Auto 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:
- Progressive includes discounts for online quote discount, multi-policy, online signing, good student, continuous coverage, and multi-vehicle.
- Farmers Insurance may have discounts that include teen driver, early shopping, bundle discounts, youthful driver, and multi-car.
- Farm Bureau policyholders can earn discounts including safe driver, multi-vehicle, youthful driver, good student, and renewal discount.
- State Farm offers premium reductions for defensive driving training, driver’s education, passive restraint, safe vehicle, Drive Safe & Save, anti-theft, and student away at school.
- GEICO may include discounts for five-year accident-free, membership and employees, seat belt use, defensive driver, daytime running lights, anti-theft, and federal employee.
- SAFECO offers discounts for anti-lock brakes, accident prevention training, safe driver, multi-car, and anti-theft.
- Liberty Mutual has discounts for new graduate, good student, safety features, hybrid vehicle, multi-policy, newly retired, and newly married.
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.
- Avoid at-fault accidents and claims
- Do not pay for comprehensive and collision coverage on older vehicles
- Pay lower rates with good credit
- Buy vehicles with good safety ratings
- Bundle home or renters insurance to earn a discount on car insurance
- Compare rates regularly and switch companies to save money
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.
- Dan Crawford – State Farm Insurance Agent
5705 Stage Rd #160 – Memphis, TN 38134 – (901) 372-4400 - AutoSave Insurance
2550 Poplar Ave – Memphis, TN 38112 – (901) 458-1630 - Derrick Hodges – State Farm Insurance Agent
7249 Winchester Rd – Memphis, TN 38125 – (901) 572-1985 - Collier Insurance
606 S Mendenhall Rd #200 – Memphis, TN 38117 – (901) 529-2900 - Henry Hooper II – State Farm Insurance Agent
348 S Main St – Memphis, TN 38103 – (901) 575-0001