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How much is car insurance in Cordova?
|Area||Average Monthly Car Insurance Premium|
You can see in the chart above that it's around $14 a month more expensive to insure your vehicle in Cordova than it is in the rest of Tennessee.
Compared to the national average cost of auto insurance coverage, Cordova has lower rates. The average monthly payment for the U.S. as a whole is about $14 more expensive than in Cordova.
These may be the average auto insurance rates for Cordova, but that doesn't mean it's exactly what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.
We've analyzed the average rate for Cordova and broken down the different factors to help you understand what your policy's monthly premium will be. If you're not certain that you're getting the cheapest rate for your area, just enter your ZIP below to find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It makes sense that the older you are, the more experience you have driving, right? When it comes to auto insurance rates, that experience can help put some change back into your pocket. As you can see, 18-24-year-olds pay a lot more than someone who is retirement aged.
You can expect to see your monthly premium drop about once a decade or so. Having said that, once you approach retirement your rates may climb back up a bit in Cordova.
Average Car Insurance Rates by Gender
In general, women pay slightly less for car insurance than men. In Cordova, male drivers pay about $12 more a month. Based on the chart above, you can see that male drivers pay $71 on average, while female drivers typically pay $59 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary wildly. Those with fewer accidents and tickets will pay less than those with multiple infractions. In Cordova, a driving record with a single accident will usually get you a rate around $89 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $110 on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$59|
|15 Years or Older||$65|
If you look at the first table above, you'll see that SUVs are typically the cheapest vehicles to insure in Cordova, with drivers paying around $54 per month to insure their vehicle.
Car owners can expect to pay an average of around $69 a month for their policy, while truck and van drivers are usually around $58 to insure each month.
Your vehicle's age has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is a few years old, you may start to see your monthly premium drop back down. In Cordova, the most expensive vehicles to insure are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$68|
Generally, those who have settled down into marriage will pay slightly less to insure their car. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.
At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Cordova as well, where the difference is around $4 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$92|
Your housing status is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $5 a month more than those who own their own home in Cordova. Those who live with their parents, however, can expect to pay a lot more.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance premiums.
Car Insurance Companies in Cordova, TN
Recent trends in car insurance for Cordova drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before selecting an insurance provider.
In Cordova, auto insurance rates increased from 2016-2017, before leveling out in 2018. Insurance rates rose again, reaching a high of $79 in 2020, and finished down at $66 in 2021.
How does Cordova compare to neighboring areas?
Why are car insurance rates in Cordova different from other areas?
There are a lot of factors car insurance companies take into consideration when choosing how much to charge for a monthly rate. Where you live will also have a significant impact on your personal policy. This may include things like:
- Amount of off-street parking
- Number of drivers
- Road Safety (frequency of car accidents)
- Prevalence of crime
While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Cordova?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Good news! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies that offer plans in Cordova.
Cordova Insurance FAQs
What factors affect car insurance quotes in Cordova?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Cordova different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like local laws, parking situations, and crime rates when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Cordova?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Cordova?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Cordova or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.