Selecting an adequate car insurance policy is one of the most critical decisions you’ll ever have to make, protecting against costly damages and legal liability in case of an accident. Your driving record and type of coverage chosen both have significant bearing on how much your premium costs.
Tennessee law mandates minimum auto insurance coverage levels; however, it’s wise to purchase additional comprehensive or collision coverage as an added precaution if you own an expensive or exotic car; typically these vehicles require higher premiums to offset increased expenses associated with insuring them.
Use the state’s car insurance calculator to estimate how much your policy might cost for a particular vehicle and coverage level. The calculator takes into account factors like year, make, model and year of manufacture of your vehicle as well as driving history and credit score – giving an accurate reflection of their impact on premium costs. Plus you can get quotes from individual providers in order to secure the best rate available to you!
Average Premiums in Tennessee According to data from 2021, Tennessee had an annual car insurance policy average premium rate of approximately $1,262, which is significantly below the national average of $1,506 for coverage. Of course, your actual rates may differ – to find out the actual costs you will need a Tennessee car insurance calculator can be helpful here.
One factor that could increase your rates is where you live. Nashville has a larger population than most parts of Tennessee, meaning more vehicles on the roads and therefore an increased risk of accidents; therefore car insurers reflect this added risk by charging more for policies held by Nashville-area residents.
Age can have a significant effect on the cost of car insurance policies. Younger drivers tend to pay more due to lack of experience and increased accident risks, plus the likelihood that they drive a riskier vehicle, which raises their premium further.
Parents looking to reduce the premium cost for young drivers may opt to add them as additional drivers on their car insurance policies, which could potentially save money. While this strategy may provide savings, be sure to carefully weigh its advantages and disadvantages prior to committing. In addition, certain insurers offer driver safety programs with discounts offered if completed successfully.
Many factors can impact the cost of car insurance in Tennessee. To get an accurate idea, try one of the many Tennessee car insurance calculators from various providers; or take a look at NerdWallet’s guide to car insurance in Tennessee for more details on what drives premiums and ways they can be reduced; The Zebra provides a free calculator which generates personalized quotes tailored to each unique profile.