Cheapest car insurance companies in Knoxville 

According to a study by Insurance.com, the cheapest car insurance companies in Knoxville for 2023 are Tennessee Farmers and Travelers

Tennessee Farmers is the cheapest option for most Knoxville drivers, with an average annual rate of $1,288

When it comes to car insurance costs in Knoxville, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy. 

CompaniesAverage annual rates
USAA$1,198
Tennessee Farmers$1,288
Travelers$1,426
Nationwide$1,427
Progressive$1,439
Geico$1,457
Erie Insurance$1,468
Farmers$1,517
State Farm$1,630
Allstate$2,953
Data updated in 2024
Read our full methodology

Cheapest car insurance cost in Knoxville by Age Group 

Erie Insurance is the cheapest option for car insurance in Knoxville for teen drivers, with average annual premiums at just $3,652 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.

Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.

When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in Knoxville, offering full coverage at an annual average cost of $1,943.

An analysis of car insurance rates for Knoxville drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,219 per year.

Tennessee Farmers is the cheapest option for senior drivers in Knoxville, with an average premium of $1,201 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
Erie Insurance$3,652$2,414$1,488$1,507
Tennessee Farmers$3,909$2,464$1,305$1,201
Travelers$4,457$2,217$1,453$1,443
USAA$4,620$1,943$1,219$1,209
Geico$4,889$2,402$1,507$1,486
State Farm$5,044$2,845$1,647$1,595
Nationwide$5,904$2,529$1,396$1,438
Progressive$6,846$2,409$1,465$1,596
Farmers$6,998$2,038$1,446$1,510
Allstate$10,090$4,704$2,931$3,045
Data updated in 2024
Read our full methodology

Cheapest car insurance companies in Knoxville by driver profile 

Insurers in Knoxville consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.

To find the cheapest car insurance company in Knoxville, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget. 

Here's a list of car insurance companies that offer cheap insurance rates in Knoxville based on driver profile. 

The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Knoxville drivers at about $1,343 per year

Drivers with poor or bad credit scores in Knoxville can consider the following car insurance companies to get the affordable car insurance coverage. 

CompanyAverage annual rates
Geico$1,343
Nationwide$1,436
USAA$1,697
Farmers$1,908
Travelers$2,193
Progressive$3,318
Allstate$3,319
State Farm$5,633
Data updated in 2024
Read our full methodology

In Knoxville, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $960, on average. 

Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs. 

CompanyAverage annual premium
State Farm$960
USAA$1,123
Nationwide$1,465
Geico$1,570
Farmers$1,728
Travelers$1,819
Allstate$2,255
Progressive$2,631
Data updated in 2024
Read our full methodology

Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.

In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Knoxville drivers with at-fault accidents. It provides coverage at an average annual cost of $1,041.

CompanyAverage annual rates
State Farm$1,041
USAA$1,572
Nationwide$1,710
Travelers$1,851
Geico$1,869
Farmers$2,026
Allstate$3,053
Progressive$3,501
Data updated in 2024
Read our full methodology

State Farm is the cheapest option for Knoxville drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $960, on average.

A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums. 

CompanyAverage annual rates
State Farm$960
USAA$1,858
Geico$1,952
Farmers$2,095
Travelers$2,242
Nationwide$2,286
Progressive$2,949
Allstate$3,343
Data updated in 2024
Read our full methodology

Average car insurance cost in Knoxville 

Full coverage car insurance in Knoxville for a coverage limit of 100/300/100 is $1,580 per year or $132 per month, while the state minimum coverage costs an average of $462 a year.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState minimum average
$1,580$462
Data updated in 2024
Read our full methodology

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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