Cheapest car insurance companies in Knoxville 

After an in-depth analysis, Insurance.com found that Tennessee Farmers and Travelers are the cheapest car insurance companies in Knoxville for 2023. 

Tennessee Farmers has the cheapest car insurance rates in Knoxville at an average cost of $1,288 per year.

Car insurance prices in Knoxville can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Knoxville drivers.

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

Cheapest car insurance cost in Knoxville by Age Group 

Erie Insurance stands out as Knoxville's cheapest auto insurance company for teen drivers at an average annual of $3,652. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups. 

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible. 

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.

Drivers in Knoxville stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. USAA has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,219 a 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

Cheapest car insurance companies in Knoxville by driver profile 

When determining car insurance rates in Knoxville, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.

Finding the cheapest car insurance in Knoxville requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit. 

In Knoxville, these insurance companies offer cheap car insurance rates based on your driver profile.

Geico is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Knoxville drivers is $1,343

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

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. 

Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your 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

State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Knoxville is $1,041. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket. 

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

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Knoxville. On average, its annual full coverage rate is $960, making it a significantly cheaper option than other insurance providers.

A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.

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

Average car insurance cost in Knoxville 

In Knoxville, the average annual cost for full coverage car insurance is around $1,580, which breaks down to approximately $132 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Knoxville is about $462.

Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.

You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.

Average annual RatesState minimum average
$1,580$462

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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