Car insurance rates in Tennessee cities and zip codes vary significantly due to insurers taking into account different driving risks, risk factors and policy discounts and special offers. Drivers looking for the best car insurance rates in Tennessee should compare coverage options and shop around; doing this may result in finding lower premiums while simultaneously minimizing traffic violations and accidents while capitalizing on available discounts opportunities.
Utilizing a car insurance calculator can assist in identifying coverage amounts and limits that provide adequate protection for your situation. Furthermore, this tool will enable you to calculate deductible amounts; these represent out-of-pocket expenses you must cover before your insurer will cover claims. Choosing a lower deductible could increase your annual premium but reduce time and hassle spent filing accident claims.
Minimum liability coverage in Tennessee is set at $25,000. However, if an accident results in injuries or deaths of other parties involved, you could be held financially liable up to $100,000 per injured person and $25,000 for property damage. To protect yourself from potentially high costs for liability coverage costs associated with accidents caused by yourself, collision and comprehensive policies should be purchased – many lenders require them when financing or leasing their vehicles.
Cost of Car Insurance in Tennessee Depends on Age, Gender and Driving Record
Insurance companies use your credit score as one of the rating factors when calculating your Tennessee car insurance rate, and drivers with excellent or good credit typically pay lower premiums than those with poor or poor credit.
No matter the state or your driving record, being involved in an accident that results in DUI will dramatically raise your insurance rates – on average it increases by $2,4777 annually!
WalletHub evaluated over 30 of Tennessee’s major providers and allowed customers to manage their policies online, in order to select those offering affordable car insurance policies at exceptional customer service. Progressive, USAA and State Farm were chosen as our top three insurance providers. Progressive is well known for providing quality homeowners and renters insurance as well as auto coverage; USAA provides discounted rates to active military members, veterans and their families. State Farm holds an A+ rating from AM Best for financial strength, as well as ranking highly in J.D. Power’s auto claims satisfaction survey. Drivers looking for cost savings on car insurance can take advantage of other strategies, including maintaining a clean driving record and bundling their policies together.