Tennessee residents need to carefully consider several factors when determining how much car insurance coverage they need, including driving record, age and credit score as the cornerstones. Other influences may also have an effect, including vehicle type, annual mileage driven and marital status; MoneyGeek’s car insurance calculator can provide accurate estimates of their potential rates while pinpointing which companies offer competitive quotes tailored specifically towards individual driver profiles.
Car insurance rates differ depending on your state and city of residence, making comparison shopping essential. WalletHub analyzed data from 50+ top car insurers to identify which were the most appropriate providers for different driver profiles including excellent and poor credit scores, young/old drivers and those driving vehicles equipped with safety features. Among Tennessee providers, State Farm and National General offer the cheapest policies; though this could change based on individual policy details.
What’s the Average Car Insurance Rate in Tennessee? In Tennessee, full coverage auto policies cost an average of $219 a month while liability-only policies average at around $125 monthly. Minimum required bodily injury and property damage liability policies provide protection in case an accident leads to bodily injuries or damaged personal belongings; however these limits don’t always provide enough coverage in times of an incident; so many drivers choose to increase their coverage limits further for greater financial security.
Credit scores and records play an integral part in determining car insurance premiums, and maintaining an excellent record is vital to keeping premiums reasonable. Unfortunately, multiple at-fault accidents or speeding tickets on your record could increase rates significantly; those convicted of DUI will most likely pay even more, and may need to file an SR-22 certificate as a prerequisite to reinstatement of their license.
No matter your driving profile, Tennessee car insurance companies typically offer multiple discounts that can help drivers save. This may include savings for safe drivers, bundling policies and signing up for paperless billing – some even offer military or homeowner discounts! Ultimately, to find affordable car insurance in Tennessee the best approach is comparing quotes from multiple companies and taking advantage of available discounts.
Tennessee residents looking to save on car insurance should also consider buying policies with lower liability limits, with the state minimums being $25,000 in bodily injury liability coverage per person and $50,000 total property damage coverage; although these levels are far less than the national average they may not cover a major accident or severe collision; those looking for added protection may want to consider raising their deductible or adding uninsured/underinsured motorist coverage for maximum protection.