Who Has the Cheapest Memphis Car Insurance Quotes for Drivers Over Age 70?

Locating low-priced insurance is hard enough, and deciding which companies have the lowest-priced auto insurance rates for drivers over age 70 may require a little more work.

Every car insurance company uses a slightly different approach to determine premium rates, so first we will examine the auto insurance companies with the overall cheapest rates in Memphis, TN. It’s a good idea to know that Tennessee auto insurance rates are based on many factors that can increase the price you have to pay for coverage. That is why it is important to spend some time comparing rates to find cheap insurance quotes for drivers over age 70. Prices are influenced by many things and can increase or decrease at any time, so the best option when you last compared rates may now cost much more than other companies.

Find the Cheapest Car Insurance for Age 70+

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Cheapest Tennessee auto insurance companies
Rank Company Cost Per Year
1 Utica National $737
2 Auto-Owners $836
3 Cincinnati Insurance $884
4 Penn National $899
5 Tennessee Farmers $933
6 USAA $947
7 Erie $967
8 Nationwide $1,012
9 Westfield $1,037
10 Allied $1,060
11 GEICO $1,144
12 State Farm $1,165
13 Travelers $1,165
14 Progressive $1,178
15 Shelter $1,199
16 Direct General $1,201
17 State Auto $1,241
18 The Hartford $1,258
19 21st Century $1,274
20 Chubb $1,277
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Utica National generally has some of the cheapest 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 rank well as some of the cheapest Memphis, TN auto insurance companies.

As shown above, if you have coverage with Tennessee Farmers and switched to Auto-Owners, you might achieve yearly savings of about $97. Customers with USAA could save as much as $111 a year, and Erie insureds might lower prices by $131 a year.

Bear in mind that those rates are averaged for all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for drivers over age 70. So the insurer that is best for you may not even be in the top 30 companies shown above. That is why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

For older drivers, one of the more important components that are used to help calculate auto insurance rates is where you choose to live. Regions with larger populations or more claims are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.

The information below lists the highest-priced areas in Tennessee for drivers over age 70 in which to buy car insurance. Memphis is ranked at #1 with an annual cost of $1,446 on average, which is approximately $121 each month.

How much does car insurance cost in Memphis, TN?
Rank City Average Per Year
1 Memphis $1,446
2 Bartlett $1,405
3 Germantown $1,334
4 Collierville $1,323
5 Jackson $1,292
6 Oak Ridge $1,247
7 Nashville $1,213
8 Maryville $1,208
9 Columbia $1,190
10 La Vergne $1,186
11 Knoxville $1,182
12 Franklin $1,175
13 Hendersonville $1,170
14 Clarksville $1,170
15 Gallatin $1,167
16 Chattanooga $1,161
17 Spring Hill $1,157
18 Smyrna $1,148
19 Murfreesboro $1,148
20 Cookeville $1,147
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Information shown are comparative as specific Memphis garaging address can alter coverage rates noticeably.

The make and model of vehicle you are seeking coverage for is a large consideration that determines whether or not you can buy affordable coverage for drivers over age 70. Vehicles with high performance, a lack of safety features, or a high likelihood of having liability claims will cost significantly more to insure than more modest models.

The next list shows car insurance prices for a selection of the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure in Memphis, TN
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,776
Jeep Wrangler Sport 4WD 2-Dr $1,861
Hyundai Elantra SE Touring Station Wagon $1,912
Ford Escape Limited 4WD $1,918
Honda Accord EX-L 4-Dr Sedan $1,912
Toyota Prius $1,940
Ford F-150 XL Regular Cab 4WD $1,995
Volkswagen Jetta 2.0T Station Wagon $2,049
Ford Edge Limited 2WD $2,082
Toyota RAV4 Sport 4WD $2,107
Chevrolet Impala LT $2,117
Chevrolet Silverado LS Extended Cab 4WD $2,107
Dodge Grand Caravan Hero $2,115
Chevrolet Equinox LS AWD $2,107
Jeep Grand Cherokee Laredo 2WD $2,116
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $2,134
Ford Explorer Limited 4WD $2,143
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Table data represents single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Prices do not factor in specific location which can decrease or increase coverage prices substantially.

Looking at the numbers, we can infer that makes and models like the Honda CR-V, Jeep Wrangler, and Hyundai Elantra are most likely to be a few of the most affordable vehicles to insure for older drivers. Auto insurance rates will tend to be more expensive just due to the fact that there is more liability exposure for drivers over age 70, but generally speaking those specific models will tend to have the best insurance prices compared to all other vehicles.

Safe drivers pay less for auto insurance

A great way to obtain the most affordable auto insurance prices for older drivers is to drive carefully and avoid accidents and traffic citations. The information below shows how violations and at-fault accidents raise insurance costs for each different age category. The premiums assume a married female driver, full coverage, $100 deductibles, and no other discounts are factored in.

In the previous chart, the average cost of a car insurance policy in Tennessee per year with a clean driving record and no accidents is $1,742. Add in one speeding ticket and the average cost swells to $2,025, an increase of $283 each year. Now get two accidents along with the one speeding ticket and the yearly cost of auto insurance for drivers over age 70 goes up to an average of $4,408. That’s an increase of $2,667, or $222 per month, just for not being more responsible behind the wheel!

Selecting a good quality insurance provider can be difficult considering how many companies there are to choose from in Memphis. The rank data in the next section could help you choose which car insurance providers to look at comparing prices from. These rankings are only made up of the companies with a significant amount of written premium nationwide, so smaller companies are not included in the list.

Top 10 Major Auto Insurance Companies 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

The agents shown below are a good start to aid you in deciding which car insurance company is the best fit, since many people would rather have a little guidance when trying to find lower insurance rates for older drivers. It can be complicated to do it yourself, so getting advice from a licensed agent can bring peace of mind knowing your coverage gives you enough coverage if you have a claim.

To locate a Memphis auto insurance agent by location nearest to you, click the button after the list or click here to compare price quotes.

Sylvia Walker – State Farm Insurance Agent
2900 Kirby Pkwy Ste 2Memphis, TN 38119(901) 794-8848

Bill Blake Auto Insurance
5724 Mt Moriah RdMemphis, TN 38115(901) 432-5551

Farmers Insurance: Candace Hall
1444 E Shelby Dr #329Memphis, TN 38116(901) 345-2615

Allstate Insurance: Ezekeil Hudson
53 Monroe AveMemphis, TN 38103(901) 235-9315

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How to find more affordable insurance for drivers over age 70

Here are some money-saving suggestions that can help Memphis drivers buy more affordable auto insurance.

The last tip is notably valuable, as we noted in the prior article. Auto insurance rates go up and down frequently, so drivers shouldn’t be reluctant to buy a different policy if a better rate can be found.

Being loyal to a particular company is commendable, but we do not recommend it if that stubbornness costs you several hundred dollars every year. In just a few minutes you could compare prices and find cheaper auto insurance for drivers over age 70 in Memphis.