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Tennessee’s Lowest Rates on Auto Insurance for All Drivers and Vehicles
Tennessee is known for Nashville, the country music capital of the world, iconic southern cuisine, vibrant culture, and arts scene, and breathtaking terrain set against mountainous backdrops.
What the state isn’t so well known for is its cheap car insurance policies. In fact, auto insurance can get downright expensive across the state (if you don’t know where to look or how to find an affordable policy).
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That can make it tough on those who are on a budget. And in this economy, there has never been a better time to put your nose to the grindstone and do what you can to get yourself a cheaper rate on car insurance.
We’ll fill you in on all the details you need to know to get the best possible deal on Tennessee auto insurance today. From driving habits to zip codes and more, we leave no stone unturned in this guide.
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Car Insurance Requirements in Tennessee
Here’s What you need to know when driving in Tennessee
Like taxes, auto insurance is something that cannot be avoided (legally). If you drive in the United States, it’s mandatory.
In order to legally operate a motor vehicle on Tennessee state roads, motorists must, as is the case in every state, have some level of insurance coverage.
You should always be prepared to provide proof of insurance in the event that you are stopped by the police. Punishments for not doing so may be severe, including steep fines that you don’t want to be paying for.
This can all be avoided by ensuring you have the minimum coverage required by the state.
Limiting your coverage to the bare minimum might save you money, but it comes with some potential downsides. So you’ll need to weigh the cost of your premium against the benefits of full coverage and your budget to determine what’s best for you and your family.
Need help? – That’s what we’re here for! Our team works tirelessly to help Tennessee residents just like you get the MORE for LESS.
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In Tennessee, drivers are required to have liability insurance, but what exactly is the bare minimum?
- Bodily injury liability: $25,000 per person
- Bodily injury liability: $50,000 per accident
- Property damage liability: $15,000 per accident
PRO TIP: Your lender may require that you have collision and comprehensive insurance if you have a vehicle loan or lease.
Optional Car Insurance Coverage
In spite of financial constraints, it may be prudent to look for a reasonably priced complete or full coverage auto insurance plan. Compared to “liability only” insurance, this one is more costly upfront, but it might save you a ton of money in the long term.
Optional Types of Coverage Vary By Carrier and May Include:
- Full or comprehensive coverage
- Collision coverage
- Gap policies
- Medical coverage
- Roadside assistance service packages
- Rental car reimbursement
- Uninsured / underinsured motorist coverage
- And more…
What Are the Penalties for Driving Without Car Insurance In Tennessee?
Car Insurance Might Be an Added Expense, But Getting Caught Without it Is Even More Costly
When driving a vehicle on Tennessee roadways, motorists must not only be insured, but also have a current and valid proof of insurance policy in the vehicle at all times.
Driver’s license suspension, large fines, and a “reinstatement cost” for driving as an “uninsured motorist” are just a few of the consequences for those found operating a vehicle without insurance.
Penalties for Driving Without Insurance In Tennessee:
When it comes to violating its rules requiring vehicle insurance, Tennessee takes a firm stand.
Driving With Insurance But NOT Proof Of Insurance
In Tennessee, drivers who cannot provide insurance documentation are subject to a $25 fine. Falsely informing law enforcement officials about one’s insurance coverage is considered fraud.
Further, your license and registration may be suspended after 45 days if proof is not provided.
Driving Without Insurance
You face having your license and registration suspended until proof of insurance can be provided, a $300 fine for the first offense, and a mandatory retaking of your driver’s license exam.
There is also a $65 restoration fee, a $50 fee to the safety commissioner, and mandatory carrying of an SR-22 certificate for three years.
Getting Into an Accident Without Insurance
It is a Class A misdemeanor if an accident you’re involved in causes injury or death while uninsured. If found guilty, you may spend 11 months and 29 days in jail and pay a $2,500 fine. You must pay for any accident-related expenses, including repairs and medical care, out of your own money.
Cheap Auto Insurance in Tennessee for Minimum Coverage
We understand that looking for auto insurance isn’t exactly high on anyone’s list of fun activities, but we believe we can all agree that saving money is always a good thing.
Liability-only policies are the most cost-effective approach to meet the state minimum coverage requirements without going over your budget.
How Much Does Auto Insurance Cost in Tennessee?
The answer to this question requires that we look at a multitude of variables that can impact how much you’ll end up paying. Insurance providers calculate your premiums based on a number of factors, some of which you can control, and others that you can’t.
However, if we look at the averages, the data suggests that residents in Tennessee end up paying around $371/year for liability-only coverage, and around $1340/year for full coverage.
For those without a calculator, that comes out to about $40 per month for liability coverage and around $111.66/month for full coverage.
What Determines Your Auto Insurance Premiums?
- The age of your vehicle
- The make and model
- Your age
- The zip code you live in
- Whether you’re single or married
- Your past driving history
- And more…
Despite laws prohibiting discrimination on the basis of gender, race, or credit history, there is clear statistical bias when determining insurance prices in these categories.
How Your Age Affects Auto Insurance Premiums
Auto insurance companies generally agree that, within reason, the older the policyholder, the lower the risk of an accident. As an example, a 39-year-old with a family to worry about is more likely to be a safer driver taking less risks than an inexperienced 20-year-old that views speed limits as a ‘suggestion’. This explains why insurance costs tend to decrease with age.
Premiums typically begin falling at age 26 and continue down until age 60, when they typically start rising again.
Cheap Auto Insurance for Young Drivers in Tennessee
In Tennessee, rates for adolescent drivers are around twice as high as for drivers over the age of 30. Broadly speaking, insurance data shows that the average vehicle insurance premium for a younger driver is around is $1778 per year (a considerable increase from that of an older driver).
Every motorist should have an equal opportunity to get low-cost car coverage, in our opinion. In order to make sure you get access to the most cost-effective insurance choices, we work with a wide variety of insurers to help you find cheap car insurance for your ride.
How Location Affects Your Car Insurance Premiums
Your car insurance rates will vary depending on both the state in which you register, and the specific zip code where you live and work.
In order to estimate your level of risk, insurance companies pool drivers together into larger groups based on factors such as population density and crime rates.
As an example, Tennesseans who live in less populated rural areas typically have a lower chance of break-ins and vandalism, but also a lower chance of getting in an accident (fewer drivers on the roads). By contrast, someone who lives in a city like Nashville is at a greater risk of filing a claim.
This is reflected in insurance rates, with those in less populated areas typically paying less out of pocket.
Cheap Auto Insurance in Tennessee with an At-Fault Accident On Your Record?
Do you have citations or tickets on your record? What about an accident (even if it wasn’t your fault)? If so, you likely know you’ll have to pay more to get insured.
If you had an accident where you were found to be at blame, your insurance premiums might rise by as much as $620 per year, according to our analysis.
But that doesn’t mean that there still aren’t some deals to be found. In fact, this makes shopping around an even more important aspect of getting your car insured.
At Insurance Navy we make comparing quotes from multiple providers a breeze.
Cheap Auto Insurance in Tennessee for Those with Bad Credit – how will this affect your rates?
Bad credit affects millions of Americans and tens of thousands of Tennesseans.
It’s no surprise that many are struggling to make ends meet with inflation and living expenses at record highs.
But what does this mean for your chances of finding affordable car insurance?
What we’ve found is that there is a link between having poor credit and making vehicle insurance claims. This has led insurance carriers to take into account factors like income and credit scores in determining how much to charge for coverage.
Industry data reveals that a Tennessee driver with low credit may expect to pay as much as $1,200 more a year than a motorist with good credit.
It might not be right or fair, but we don’t set the prices, we just help you find the cheapest car insurance that covers all the bases you need it to without breaking the bank.
How Does Marital Status Affect Your Auto Insurance Premiums?
You may not have given it much thought, but whether you’re single or married might affect how much you pay for cheap car insurance.
Statistics have shown that married people have a decreased risk of getting involved in an accident, and as a result, married people’s insurance premiums are lower than those of single people.
How The Type of Car You Drive Can Affect Your Auto Insurance Premiums
One of the primary considerations used by insurance firms to calculate your premium is the type of automobile you drive. For example, if the make and model you drive is considered a ‘sports car’, you’re considered to be at a higher risk of exhibiting dangerous driving behaviors.
Similarly, if you drive a luxury vehicle, in the event that you get in an accident, the insurer knows they’ll have to pay out more for repairs.
By contrast, an economical (albeit boring) family sedan or minivan is considered a safe, and reliable vehicle with lower repair costs. As such, premiums for this kind of vehicle tend to be much lower than that of a luxury or sports car.
How Much You Drive Your Vehicle Plays a Role Too
Did you know that your car insurance premiums might be affected by how often and for what purposes you use your vehicle?
To compensate for the higher risk posed by high mileage drivers, the average annual premium for those who rack up 20,000 miles or more on their vehicles tends to be around five percent more than that of those who drive 7,500 miles or less.
On the opposite end of the spectrum, drivers who utilize their cars for short, local errands rather than long commutes to and from work often have lower insurance rates.
By driving less often and spending less time on “high risk” roads, the risk of getting into an accident drops significantly. Insurance companies look favorably upon this, rewarding you with more affordable premiums.
How Does Your Driving Record Play a Role in Your Chances of Getting a Cheap Car Insurance Premium?
Common sense is probably all you need to know that having tickets, citations, or accidents on your driving record will increase your premiums. But how much more should you expect to pay out on a cheap car insurance policy in TN?
Tennessee Auto Insurance Rate Increases Violation (averages):
- Speeding 16-20mph over the limit – 27%
- Speeding 6-10mph over the limit – 25%
- Failure to show documents (such as proof of insurance) to law enforcement – 18%
- NOT at-fault accident – 6%
- Driving without lights – 20%
- Failure to wear a seatbelt – 18%
- Driving on expired registration – 21%
- 1 Comp claim – 8%
- 2 Comp claims – 14%
- Child safety restraint violation – 20%
- Cell phone use violation – 25%
- Illegal turn – 26%
- Failure to yield – 27%
- Improper passing – 27%
- Racing or Reckless driving – 89%
- Driving on a suspended license – 94%
- Leaving the scene of a crime – 97%
*These are just examples, and your mileage may vary greatly depending on the carrier you go with. This is by no means an all-inclusive list, but rather a selection of the most typical traffic infractions.
What’s the Cheapest Car Insurance After a DUI In Tennessee?
Insurance companies in Tennessee have joined the state in taking a strong line against drunk driving.
It’s not just the law you need to be worried about here. If you’re convicted of a YOU’RE YOUR insurance premiums WILL go up (significantly).
Due to their status as “high-risk drivers,” those with a DUI conviction are unlikely to find what most people would consider ‘affordable’ insurance. However, by comparing options you might discover an insurance policy that still falls within your budget.
Insurance Navy works with several leading insurers to help find you the most affordable policy possible.
In Tennessee, offenses like driving under the influence, causing an accident, driving without insurance, or racking up too many points on your license may mean you’ll be required by law to carry an SR-22 certificate.
An SR-22 is not actually insurance, but rather a certificate or bond issued by your insurer to prove to the state that you carry a minimum level of liability protection. This acts as a type of guarantee that if you get in an accident, there is a bond to cover at least some of the damages caused.
What is the Cheapest Auto Insurance for Tennessee Drivers with Speeding Tickets?
Insurance premiums can increase by as much as 20 percent if a driver is convicted of speeding. However, there is cause for optimism…in due time.
You may have to grit your teeth for the time being, but if you maintain a clean driving record from here on out, in the next few years your insurance premiums should start to drop again.
The Best Auto Insurance Rates for Safe Drivers in Tennessee
Insurance companies often reward safe drivers in a similar way to how they punish reckless drivers. Companies may define “good driver” differently, but generally speaking, this means you have few if any points on your driving record.
If you maintain a clean driving record, your premiums will go down over time, and you might even get a “safe driver” discount, reduced deductibles, and other incentives to boot.
Cheap Car Insurance Rates by City In Tennessee
As we mentioned earlier, where you live can have a significant effect on just how affordable (or expensive) your insurance policy will be.
Looking for the cheapest policy by city? Bristol, TN holds that title, with annual insurance premiums as low as $1,121 for full coverage.
What about the city with the most expensive policy? That would be Memphis, with policies hitting your wallet hard at about $1,689/yr for full coverage.
Average Annual Rates By Other Cities in Tennessee:
- Chattanooga = $1478
- Knoxville = $1486
- Clarksville = $1498
- Nashville = $1546
Car Insurance Price Trends In Tennessee
Are you wondering what others are paying and if the price has gone up or down over time? In Tennessee, we saw an average increase of just $4 over the last year, with the typical driver in Tennessee paying around $1262/yr on average for full coverage.
Between 2018-2021 we actually saw a marked drop in the cost of auto insurance, going from $1506 down to $1262.
Tips for How to Get Cheap Car Insurance in Tennessee
Insurance Navy’s Side-by-Side Quote Comparison
Comparison shopping is a great strategy to discover low rates on Tennessee auto insurance. But who has time for that?
At Insurance Navy we make finding the cheapest auto insurance a breeze. We work with the top insurance carriers in Tennessee to provide you with several offers from leading insurers…all without having to fill out multiple forms.
One and done is our approach, allowing you to quickly evaluate your options for the best deal.
Be aware of the factors that can have an effect on your rates.
In this article, we looked at some of the most important factors that go into determining your auto insurance premium. While some of these are set in stone (like getting married), others can be manipulated to your benefit.
Finding the Perfect Type of Insurance Coverage
If there’s one thing we do best, it’s helping Tennesseans just like you find the RIGHT type of coverage at the right price. We take a consultative approach, helping educate you on your options and the ways you can save more on car insurance without sacrificing what you need to keep you and your family safe on the road.
Don’t Let Your Policy Lapse
Letting a policy lapse is a common mistake, especially among those who may not be driving for an extended length of time (due to medical ailment, automobile failure, etc.). A delay in coverage, while not necessarily a red flag, might disrupt your driving record and raise premiums.
Consider Uninsured Motorist Protection
According to data from the Insurance Information Institute, nearly 24% of Tennessee drivers are driving without insurance. This represents a significant risk for you and your family. Although paying for uninsured motorist coverage won’t save you upfront, it can end up paying off big time if you happen to get in an accident.
Find Cheap Auto Insurance you Can Afford at Insurance Navy!
Insurance Navy is dedicated to assisting Tennesseans in securing adequate protection at a price that won’t break the bank. As a broker, we provide Tennessee motorists with easy access to several competitive insurance quotes from multiple major providers.