Car insurance is mandatory in Tennessee, yet drivers can still save money by shopping around for the best policy. Rates differ by company and even region within Tennessee so it is wise to compare quotes from multiple providers to find the cheapest ones. Your rate can depend on factors like age, driving record and coverage levels such as liability, collision and comprehensive. Also helpful is understanding your state’s minimum requirements versus national averages.
Tennessee car insurance providers with the cheapest policies often provide numerous discounts and incentives, such as accident forgiveness programs or offering lower premiums for safe drivers. It is essential to familiarize yourself with each company’s benefits in order to select one that meets your lifestyle best.
Drivers in Tennessee who opt to carry minimum car insurance are estimated to pay an average monthly premium of around $119. Adding full coverage will incur more costs, but gives drivers peace of mind knowing they’re protected should an accident or incident arise.
Reactivating your car insurance after it lapses will be costly. Not only are the penalties and license suspension fees expensive, but you will likely need SR-22 insurance, which significantly raises premiums. Drivers should always look around for the lowest possible rates before renewing or purchasing a policy.
To determine the cheapest car insurance in Tennessee, WalletHub evaluated 30 of the largest insurers licensed to operate within its borders. We looked for companies with excellent customer service ratings, offering wide coverage options at competitive rates that cater for every driver type and third-party customer satisfaction ratings; financial strength ratings and mobile and online accessibility.
Tennessee car insurance costs depend on a number of factors, including your age and driving history. Younger drivers with DUI records tend to pay the highest rates; older drivers often pay less due to being considered more experienced behind the wheel and being at lower risk of accidents.
Consider how much coverage and deductible type are important. Liability insurance covers other people’s property damage and medical costs in case you cause an accident; it doesn’t pay out for repairs on your own vehicle or compensation in cases of being hit by uninsured drivers. A comprehensive policy, however, covers this gap and pays out damages accordingly.
Credit scores play an integral role in determining car insurance costs in Tennessee, with those with poorer scores having to pay higher rates than those with better or excellent ones. Therefore, maintaining good credit will reduce auto insurance increases significantly over time; conversely a DUI conviction in Tennessee remains on your driving record and could raise rates up to 103 percent over several years.