Car insurance costs can be an expensive burden for Tennessee drivers, but they can be reduced through shopping around and taking advantage of discounts offered by top companies. Examples include good student, safe driver and veteran discounts as well as early pay-in-full discounts available to those able to buy policies in full upfront. In addition, raising coverage limits or decreasing deductibles on policies is another effective strategy to lower premiums and premium costs.
Tennessee drivers can save money on car insurance by comparing quotes from different companies and companies within Tennessee, as prices can differ widely depending on where you live. MoneyGeek’s car insurance calculator makes this easier by providing quotes for the most and least expensive cities, plus average annual costs for full and minimum coverage policies; plus an estimate based on age, driving history (at-fault accidents or violations), driving history history etc.
State Farm typically provides Tennessee drivers with the cheapest auto insurance at an average monthly rate of $57 for state minimum coverage, followed by Geico, USAA and Farmers Insurance. But keep in mind that these are just averages; your personal circumstances could lead to lower or higher quotes depending on which plan fits best with you.
Tennessee car insurance premiums can differ dramatically by ZIP code, with some areas costing more than others. Drivers in larger cities tend to pay more due to increased traffic congestion issues that increase risk. This may explain why drivers in smaller towns and rural areas typically pay less.
Tennessee is an at-fault state, meaning the driver responsible for an accident will be held liable to pay damages to both property damage and bodily injuries sustained by third parties up to their policy limits. While liability insurance is required by law, full coverage that includes collision and comprehensive protection can protect both you and your vehicle in case of an incident.
Uninsured motorist coverage is also essential in Tennessee, given estimates suggesting up to 20% of drivers may not have enough coverage. This type of policy pays for your medical bills and lost wages should an uninsured or underinsured motorist cause an accident and injure you.
Though your state may only require $25,000 of bodily injury and $50k of property damage coverage for you car insurance policy, it’s always a good idea to increase those amounts so you are fully protected should an accident occur. Furthermore, leasing or financing agreements often stipulate higher levels of coverage as part of their requirements.
Be mindful that driving without insurance in Tennessee could result in serious repercussions: including a fine of $300, registration suspension and plate confiscation. To avoid these penalties, it’s crucial to find competitive car insurance rates while maintaining a clean driving record; being caught multiple times for at-fault accidents, traffic violations or DUIs will significantly raise premiums so it’s wise to be proactive and implement changes into your lifestyle before purchasing new coverage.