Best car insurance companies in Tennessee: Erie Insurance

Erie Insurance is the best car insurance company in Tennessee, based on an analysis by Insurance.com, with an overall rating of 3.68. Other than Erie Insurance,Travelers, State Farm, and Geico are among the top car insurance companies in Tennessee.

Below is a list of the top Tennessee insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Best car insurance in Tennessee
Company AM BestAvg. Annual PremiumJ.D. PowerNAICInsurance.com score
Erie InsuranceA+$1,5988290.613.68
TravelersA++$1,3958510.493.52
State FarmA++$1,6778070.73.31
GeicoA++$1,5658470.913.17
ProgressiveA+$1,5508280.653.14
NationwideA+$1,6328180.643.1
FarmersA$1,7708570.82.88
AllstateA+$3,0328160.652.39

Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance companies in Tennessee: Tennessee Farmers

Based on a rate analysis by Insurance.com, USAA offers the cheapest full coverage car insurance in Tennessee, with average rates of $1,194 annually or $99 a month, but is only open to military families. Tennessee Farmers is the most affordable company overall for full coverage, state minimum, or liability coverage, and it is open to all drivers. Their average annual rate for full coverage in Tennessee is $1,355.

Comparison shopping is the key to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.

We have gathered price quotes from all the major insurance providers in Tennessee and compiled a list of the cheapest car insurance companies.

Cheapest car insurance in Tennessee
Company State minimum liability50/100/50 liability100/300/100 liability with $500 deductible
USAA*$266$375$1,194
Tennessee Farmers$287$352$1,355
Travelers$390$486$1,395
Progressive$605$663$1,550
Geico$316$409$1,565
Erie Insurance$307$395$1,598
Nationwide$603$725$1,632
State Farm$342$425$1,677
Farmers$536$753$1,770
Allstate$772$885$3,032

*USAA offers car insurance only to military members, veterans and their families.

Data refreshed as of May 2024
Read our full methodology

Average cost of car insurance in Tennessee

The average car insurance rate in Tennessee is $1,677 a year for a full coverage policy with liability limits of 100/300/100 and $500 deductibles, according to a rate analysis by Insurance.com. For state minimum coverage, the average annual cost in Tennessee is $442.

Auto insurance calculator

Average auto insurance rates in Tennessee
30
16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 55 60 65 70 75
Male
Male Female
37206 - Nashville
For a 30-year-old male
$44 State minimum
$155 Full coverage
$53 Liability only

Most & least expensive ZIP codes for auto insurance in Tennessee

Most Expensive

Zip CodeCityHighest Rate
38118Memphis$209
38116Memphis$206
38109Memphis$205
38127Memphis$205

Least Expensive

Zip CodeCityLowest Rate
37620Bristol$124
37604Johnson City$124
37615Johnson City$124
37601Johnson City$124
Data refreshed as of May 2024
Read our full methodology

Tennessee car insurance requirements

Tennessee’s minimum car insurance coverage limits are 25/50/25. Tennessee's state minimum liability insurance costs an average of $436 annually or $36 monthly.

Minimum liability insurance requirements for Tennessee:

  • Bodily injury liability (BI): $25,000 per person and $50,000 for accident
  • Property damage liability (PD): $25,000 per accident

Cheapest car insurance companies for minimum liability coverage in Tennessee

According to Insurance.com, Tennessee Farmers provides the cheapest state minimum liability insurance, averaging $289 annually or $24 monthly. USAA offers cheaper rates but has eligibility criteria. 

In the table below, see the most affordable car insurance companies with their state minimum coverage rates in Tennessee. 

State minimum auto insurance coverage in Tennessee, TN
Company Liability insurance premiumMonthly liability insurance premium
USAA*$262$22
Tennessee Farmers$289$24
Erie Insurance$298$25
Geico$312$26
State Farm$342$28
Travelers$397$33
Farmers$502$42
Nationwide$600$50
Progressive$601$50
Allstate$758$63

*USAA offers coverage only to military veterans and their family

Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance cost in Tennessee by age

Tennessee Farmers
Cheapest for teens
$3,963/yr
Learn more
Tennessee Farmers
Cheapest for adults
$1,366/yr
Learn more
Tennessee Farmers
Cheapest for seniors
$1,227/yr
Learn more

In Tennessee, car insurance rates are higher for teenagers as they are more prone to accidents due to their lack of experience on the road.

Tennessee Farmers offers the cheapest car insurance for teen drivers in Tennessee at $3,963 per year for a full coverage policy.

Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults. 

In Tennessee, Tennessee Farmers offers the cheapest full coverage car insurance for adult drivers and senior drivers at $1,366 per year and $1,227 per year, respectively. USAA offers cheaper rates, if you’re eligible.

Compare car insurance rates by age

Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.

Age group
Teen
Age
16
Table
Graph
Tennessee Farmers$4,415$368
Erie Insurance$4,926$411
State Farm$5,878$490
Travelers$6,112$509
Geico$6,608$551
USAA$6,699$558
Nationwide$7,487$624
Progressive$10,460$872
Farmers$11,888$991
Allstate$16,059$1,338
Yearly premium

*USAA offers car insurance only to military members, veterans and their families.

Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance companies in Tennessee by driver profile

company_name
Cheapest for at-fault accident
$1,969/yr
Learn more
company_name
Cheapest for DUI
$1,823/yr
Learn more
company_name
Cheapest for speeding ticket
$1,729/yr
Learn more

Drivers with accidents or tickets on their record are considered a higher risk and will pay more for car insurance. The severity and frequency of the incidents impact how much insurance rates go up. In Tennessee, State Farm offers the cheapest car insurance rates for drivers with an accident, at $1,969 per year. USAA offers cheaper rates for drivers with an accident in Tennessee but has eligibility criteria.

Erie Insurance is also the cheapest option for drivers with speeding tickets at an average rate of $1,729 per year. USAA offers the cheapest car insurance for drivers with speeding tickets. However, it covers specifically the military community.

Below are average Tennessee rates by company for drivers with accidents and tickets on their driving record.  

Cheapest car insurance in Tennessee for drivers with tickets and accidents
CompanyClean record AccidentSpeeding Ticket
USAA*$1,194$1,808$1,425
State Farm$1,677$1,969$1,823
Travelers$1,395$2,071$2,130
Erie Insurance$1,598$2,125$1,729
Progressive$1,550$2,458$1,889
Nationwide$1,632$2,674$2,439
Farmers$1,770$2,923$2,892
Geico$1,565$2,994$2,869
Allstate$3,032$4,805$3,405

*USAA offers car insurance only to military members, veterans and their families.

Data refreshed as of May 2024
Read our full methodology

Compare auto insurance rates by city in Tennessee

Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Tennessee.

CityAnnual insurance premium
Ashland City
$1,694
Dayton
$1,591
Knoxville
$1,580
Memphis
$2,161
Nashville
$1,708
Data refreshed as of May 2024
Read our full methodology

Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.

The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets: 

Accidents: 

  • 1 at-fault property damage accident over $2k
  • 1 at-fault property damage accident under $2k
  • At-fault bodily injury accident 
  • Single vehicle accident 

Tickets: 

  • Distracted driving ticket
  • Speeding ticket 1- 10 MPH over limit 
  • Speeding ticket 11- 29 MPH over limit 
  • Talking on cellphone ticket 
  • Texting ticket 

Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.   

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