Best Ways To Get Affordable Car Insurance In Tennessee

Best Ways To Get Affordable Car Insurance In Tennessee

Are you looking for affordable car insurance with the best policies in Tennessee?

Well, you’re on the right path cause we are here to provide you answers you seek.

Auto insurance in Tennessee is relatively cheap. The average cost of auto insurance is 22% below the national average. According to the Insurance Information Institute, an average driver pays $820 annually for auto insurance.

Purchasing auto insurance is both a smart and prudent move. It secures you in events of accidents, theft or vandalism. 

There are various factors auto insurance companies in the Big Bend State as Tennessee is also called, use to consider to determine the rates you pay for your car insurance. Some of these factors include age, credit score, marital status, driving history, location and the make and type of your vehicle.

Every auto insurer has its own unique rating system and that is why rates vary among insurance companies. Finding the most affordable insurance company for your desired coverage type might require you to take some steps. 

Tips For Cutting Costs On Car Insurance In Tennessee

  1. Go shopping

Different insurers offer different rates on auto insurance. Obtaining quotes from multiple insurance companies and comparing them can help you save some money on premiums. That way you would be able to find insurance companies that offer rates that suit your needs.

  1. Increase your deductibles

A deductible is the money you pay out-of-pocket when you get involved in an at-fault accident before your insurance company steps in. Increasing your deductibles invariably lowers the premium you pay on car insurance. This helps to cut costs on your auto insurance.

  1. Take advantage of discounts offered

Most insurance providers in Tennessee offer several discounts to their customers. Some examples include the good student discount given to parents who add a teen to their policy, homeowner discounts etc. you can speak to your agent to help find the discounts you qualify for.

  1. Maintain a good credit history

Drivers who manage their credit scores effectively are charged less for car insurance compared to drivers with poor credit scores. Research shows that drivers with poor credit scores tend to make more claims. The better your credit score, the lesser your premiums on car insurance.

  1. Drive Safely

Observing good driving practices is the ultimate way to cut costs. Good drivers are charged less than every other category of drivers in Tennessee. You can reduce the points on your licence by completing a defensive course for drivers with an at-fault accident on their record. 

Minimum Liability Car Insurance

Tennessee state law requires licensed drivers to buy liability car insurance. The liability insurance pays for damages and/or bodily injuries you cause to someone else in an at-fault accident. 

To drive legally in Tennessee you must carry at least the following liability insurance:

  • $25,000 for bodily injury to one person
  • $50,000 for bodily injury to multiple people in one accident
  • $15,000 for damage to property in one accident

This is usually written as 25/50/15.

These minimum requirements are inadequate. If you get involved in a serious accident and your minimum limits are not able to cover all the expenses incurred, you could be sued for the rest. And nobody likes to be sued. 

Insurance experts advise that drivers buy a higher coverage if they can afford it to protect them in events where they get involved in serious car accidents.

Other components of the liability insurance include:

  1. Uninsured and Underinsured Motorist Coverage

This protects the policyholder when a driver with no or not enough liability insurance hits him. Auto insurance companies offer these in Tennessee but you can reject them in writing

  1. Comprehensive and Collision Coverage

This type of coverage pays for problems like car theft, vandalism, floods, fire etc and collisions like backing into a pole or with animals.

  1. Medical Payment(MedPay)

This coverage pays for medical expenses when involved in car accidents, irrespective of who is at fault. It pays for expenses like the hospital bills, deductibles and copays for you and your passengers. 

Note: A full coverage policy includes the liability coverage and the comprehensive and collision coverage.

Cheap Car Insurance For Good Drivers In Tennessee

Good drivers in Tennessee get the best rates. Avoiding tickets or any kind of infraction on your record is one way to save on your car insurance.

State Farm, USAA and Geico offer the best rates to good drivers in Tennessee. 

USAA however, only offers auto insurance to veterans, military members and their close families. 

Cheapest companiesAverage annual rates
State Farm$825
USAA$913
Geico$971
Nationwide$1,136
State Average$1,323

Cheap Car Insurance For Drivers With A Speeding Ticket In Tennessee

Having a speeding ticket on your record increases the rates you pay for auto insurance. There is a 22% increase on average.

Not all insurers in Tennessee hike that much. Shopping around for quotes at renewal time can help you cut costs on car insurance 

State Farm is the only car insurer in Tennessee with an average annual rate less than $1,000 for drivers with a recent speeding ticket. 

USAA is also a good option, but it’s only available to veterans, military members and their families.

Cheapest companiesAverage annual rates
State Farm$950
USAA$1,087
Geico$1,129
Nationwide$1,342
State Average$1,618

Cheap Car Insurance For Drivers Who Caused An Accident With Injury In Tennessee

Drivers in Tennessee who caused an accident with injury pay an additional $600 on average or 45% more annually compared to good drivers.

State Farm has the most affordable car insurance rates in Tennessee for drivers who have caused a car accident having an average annual of $1,025 which is $889 below the state’s average.

Cheapest companiesAverage annual rates
State Farm$1,025
USAA$1,313
Tennessee Farmers$1,354
Grange Mutual$1,535
State Average$1,914

Cheap Car Insurance For Drivers With A DUI In Tennessee

DUI is a serious violation of the Tennessee state law. If you are convicted with DUI, youre likely to have your licence suspended, serve jail term, pay court fees and fines. This particular infraction on your record makes your car insurance rates rise, sky high.

State Farm, USAA, Geico and Travelers offer the cheapest rates to drivers with DUI in Tennessee.

Cheapest companiesAverage annual rates
State Farm$950
USAA$1,741
Geico$1,749
Travelers$1,955
State Average$2,205

Cheap Car Insurance For Drivers With Poor Credit In Tennessee

Drivers in Tennessee with poor credit pay high rates compared to drivers with good credit scores. Auto companies believe that they are more likely to lay claims and so charge them higher.

Geico with an average annual of $1,480 offers the cheapest rates for drivers with poor credit.

Cheapest companiesAverage annual rates
Geico$1,480
Tennessee Farmers$1,564
Grange Mutual$1,592
Nationwide$1,594
State Average$2,645

Cheap Car Insurance For Adding A Teen Driver In Tennessee

There is always a major hike in rates when you add a teen to your policy. Your premiums double over by 147% on average. This is largely because of the lack of experience they have behind the wheels and this puts them at a higher risk of having an accident.  

Nationwide,Geico and Tennessee Farmers offer the cheapest rates in Tennessee for parents who add a teen to their policy.

Cheapest companiesParents onlyParents plus teen driverAverage % increase for adding teen
Nationwide$949$1,42150%
Geico$827$2,161161%
Tennessee Farmers$808$2,175169%
USAA$917$2,579181%
State Average$1,246$3,086147%

Cheap Car Insurance For Young Drivers Ages 18 to 25 In Tennessee

Young drivers in Tennessee are also charged higher rates in Tennessee. Drivers with little experience are more likely to get involved in accidents.

While searching for cheap policies, consider Geico as they offer the lowest rates for young drivers in Tennessee.

Cheapest companiesAverage annual rates
Geico$1,459
USAA$1,549
State Farm$1,585
Grange Mutual$2,090
State Average$2,298

Cheap Car Insurance For Seniors In Tennessee

Seniors pay a little more than average drivers in Tennessee. Shopping around at the time to renew your policy can save you some money on premiums.

State Farm, USAA, Geico and Tennessee Farmers offer the lowest rates for senior drivers in Tennessee. You can check them out when looking.

Cheapest companiesAverage annual rates
State Farm$905
USAA$1,022
Geico$1,035
Tennessee Farmers$1,223
State Average$1,407

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