- Best car insurance company in Tennessee: Farm Bureau Insurance of Tennessee
- Cheapest car insurance company in Tennessee: Travelers
- Average cost of car insurance in Tennessee
- Tennessee car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in Tennessee
- Cheapest car insurance cost in Tennessee by age
- Cheapest car insurance companies in Tennessee by driver profile
- Compare auto insurance rates by city in Tennessee
- Car insurance premium trends in Tennessee
- Methodology
- Compare Tennessee car insurance rates with other states
Best car insurance company in Tennessee: Farm Bureau Insurance of Tennessee
Farm Bureau Insurance of Tennessee is the best car insurance company in Tennessee, based on our data analysis, with an overall rating of 4.92. Other than Farm Bureau Insurance of Tennessee, Erie Insurance, Nationwide and Travelers 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.
| Company | AM Best | JD Power | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| Farm Bureau Insurance of Tennessee | A+ | 688 | 0.02 | $1,355 | 4.92 |
| State Farm | A++ | 673 | 0.79 | $1,677 | 4.24 |
| Erie Insurance | A+ | 676 | 0.89 | $1,598 | 4.2 |
| Nationwide | A | 669 | 0.63 | $1,632 | 4.12 |
| Travelers | A++ | 642 | 0.52 | $1,395 | 4.11 |
| GEICO | A++ | 651 | 0.69 | $1,565 | 4.05 |
| Farmers | A | 676 | 0.86 | $1,770 | 4.03 |
| Progressive | A+ | 637 | 0.71 | $1,550 | 3.77 |
| Allstate | A+ | 634 | 1.1 | $3,032 | 2.67 |
| USAA | A++ | 759 | 1.18 | $1,194 | 4.5 |
Cheapest car insurance company in Tennessee: Travelers
Based on a rate analysis by Insurance.com, USAA offers the cheapest full coverage car insurance in Tennessee, with average rates of $1,271 annually or $106 a month, but is only open to military families. Travelers 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 $1,657.
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.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| Travelers | $397 | $494 | $1,657 |
| GEICO | $321 | $423 | $1,673 |
| Erie Insurance | $290 | $387 | $2,004 |
| Farm Bureau Insurance of Tennessee | $333 | $417 | $2,067 |
| Farmers | $597 | $787 | $2,190 |
| Nationwide | $978 | $983 | $2,373 |
| Progressive | $523 | $654 | $2,661 |
| State Farm | $646 | $813 | $3,073 |
| Allstate | $808 | $959 | $3,242 |
| USAA | $270 | $380 | $1,271 |
*USAA offers car insurance only to military members, veterans and their families.
Average cost of car insurance in Tennessee
The average car insurance rate in Tennessee is $2,214 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 $515.
Auto insurance calculator
Top 5 most & least expensive cities for auto insurance in Tennessee
Most Expensive
| City | Highest annual rate | Highest monthly rate |
|---|---|---|
| Brunswick | $976 | $81 |
| Millington | $968 | $81 |
| Arlington | $948 | $79 |
| Eads | $927 | $77 |
| Collierville | $904 | $75 |
Least Expensive
| City | Lowest annual rate | Lowest monthly rate |
|---|---|---|
| Germantown | $1,000 | $83 |
| Bartlett | $1,001 | $83 |
| Ellendale | $1,049 | $87 |
| Memphis | $1,131 | $94 |
| Bristol | $631 | $53 |
The Tennessee Department of Commerce and Insurance says...
Most standard personal auto policies contain exclusionsItems that are specifically denied coverage under the terms of an insurance policy. For example, most auto insurance policies exclude coverage for normal wear and tear, drag racing and intentional acts. for livery - which essentially means driving for hire. You should contact your agent, broker or insurance company about potential gaps in your personal automobile coverage if you are driving for a [rideshare company].
- The Tennessee Department of Commerce and InsuranceTennessee car insurance requirements
Tennessee’s minimum car insurance coverage limits are 25/50/25. Tennessee's state minimum liability insuranceLiability insurance covers sums that an insured becomes legally obligated to pay because of bodily injuries or property damage, or financial losses caused to other people. costs an average of $515 annually or $43 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, Erie Insurance provides the cheapest state minimum liability insurance, averaging $387 annually or $32 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.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| Erie Insurance | $387 | $32 |
| Farm Bureau Insurance of Tennessee | $417 | $35 |
| GEICO | $423 | $35 |
| Travelers | $494 | $41 |
| Progressive | $654 | $55 |
| Farmers | $787 | $66 |
| State Farm | $813 | $68 |
| Allstate | $959 | $80 |
| Nationwide | $983 | $82 |
| USAA | $380 | $32 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in Tennessee by age
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.
Erie Insurance offers the cheapest car insurance for a 16-year-old driver in Tennessee at $6,176 per year.
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, Travelers offers the cheapest car insurance for a 25-year-old driver at $1,960 per year. GEICO offers the cheapest car insurance for a 65-year-old driver at $1,521 per year.
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 premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. rates.
| Erie Insurance | $6,176 | $515 |
| Farm Bureau Insurance of Tennessee | $6,262 | $522 |
| GEICO | $7,089 | $591 |
| USAA | $7,186 | $599 |
| Travelers | $7,989 | $666 |
| State Farm | $10,657 | $888 |
| Nationwide | $11,058 | $921 |
| Farmers | $15,752 | $1,313 |
| Allstate | $17,810 | $1,484 |
| Progressive | $17,842 | $1,487 |
*USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Tennessee by driver profile
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, Travelers offers the cheapest car insurance rates for drivers with an accident, at $2,460 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 $2,166 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.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| Erie Insurance | $2,004 | $2,663 | $2,166 |
| Travelers | $1,657 | $2,460 | $2,530 |
| GEICO | $1,673 | $3,200 | $3,066 |
| Progressive | $2,661 | $4,219 | $3,242 |
| State Farm | $3,073 | $3,609 | $3,341 |
| Nationwide | $2,373 | $3,888 | $3,545 |
| Farmers | $2,190 | $3,616 | $3,577 |
| Allstate | $3,242 | $5,137 | $3,641 |
| USAA | $1,271 | $1,925 | $1,517 |
*USAA offers car insurance only to military members, veterans and their families.
Compare auto insurance rates by city in Tennessee
Auto insurance rates vary not just by state, but also by city. Cities have different levels of risk based on factors like accident rates, claimAn insurance claim is a request you make to your insurance company for coverage after your car is damaged or you have an accident. You can file a claim online, by phone, or in writing. costs, weather and more. That means where you live in Tennessee will impact what you pay. Below, we've gathered Tennessee car insurance rates by city for comparison.
| City | Annual insurance premium |
|---|---|
Ashland City | $1,694 |
Dayton | $1,591 |
Knoxville | $1,580 |
Memphis | $2,161 |
Nashville | $1,708 |
Car insurance premium trends in Tennessee
Car insurance rates change regularly, influenced by changes in the cost of repairs, claim rates and other factors. Recent years have seen car insurance rates rise across the country, but not every state has seen the same increases.
We've tracked car insurance premium trends in Tennessee to show you how things have changed and help you prepare for potential changes in the future. Take a look at the chart below.
Methodology
We partnered with Quadrant Information Services to field average auto insurance rates in all 50 states and Washington, D.C. National and state average rates are based on three coverage levels: state minimum, 50/100/50 liability-only, and full coverage with 100/300/100 liability and $500 deductibles.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage
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
- Poor credit
- DUI/DWI first offense
Tickets:
- Reckless driving
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Speeding 30+ over limit
Learn more about our data and methodology.
Compare Tennessee car insurance rates with other states
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