- How much is car insurance in Tennessee?
- Tennessee car insurance rates by company
- Tennessee car insurance costs by coverage level
- Tennessee car insurance by driver profile
- Tennessee car insurance rates by age group
- How much does car insurance cost in Tennessee per month?
- Tennessee car insurance discounts
- Car insurance requirements in Tennessee
- Car insurance rates in Tennessee by model year
- Compare auto insurance rates by city in Tennessee
- Car insurance premium trends in Tennessee
- Methodology
- Compare Tennessee car insurance rates with other states
How much is car insurance in Tennessee?
The average cost of car insurance in Tennessee is $1,677 annually for full coverage. However, these rates vary considerably based on factors like age, coverage levels, driving record and the make and model of the vehicle.
For example, younger drivers and males pay higher insurance rates, as do drivers with poor driving records.
Tennessee drivers who only want to carry the minimum car insurance can expect to pay an average of $442. However, collision and comprehensive coverages aren't included, so any damage to your vehicle in an at-fault accident would be paid out of pocket.
"While most of us are reviewing our household budgets to see where we may be able to cut corners, your car insurance policy shouldn't be one of them. If you are considering saving money buying a liability-only auto insurance policy, the minimum legal coverage in most states, think first about what it will cost you when you need to file a claim for any injuries or damage to your vehicle other than those of the other victims when you cause a crash," says Carole Walker, executive director of the Rocky Mountain Insurance Association, a nonprofit consumer insurance information organization.
| Average annual premium | Average monthly premium |
|---|---|
| $1,677 | $140 |
Tennessee car insurance rates by company
Every car insurance company uses its own criteria for determining rates. For example, while some emphasize age, others look closely at driving records. Because of this, Tennessee car insurance rates vary significantly from company to company.
The table below compares average Tennessee car insurance rates from top-rated companies for different coverage levels. On average, Farm Bureau Insurance of Tennessee is the cheapest car insurance company in Tennessee.
| Company | State minimum | Liability-only | Full coverage |
|---|---|---|---|
| Farm Bureau Insurance of Tennessee | $287 | $352 | $1,355 |
| Erie Insurance | $307 | $395 | $1,598 |
| Geico | $316 | $409 | $1,565 |
| State Farm | $342 | $425 | $1,677 |
| Travelers | $390 | $486 | $1,395 |
| Farmers | $536 | $753 | $1,770 |
| Nationwide | $603 | $725 | $1,632 |
| Progressive | $605 | $663 | $1,550 |
| Allstate | $772 | $885 | $3,032 |
| USAA | $266 | $375 | $1,194 |
Tennessee car insurance costs by coverage level
Generally, Tennessee minimum car insurance is the cheapest option. However, it won’t protect you or your vehicle, even if you increase your limits. Although full coverage is more expensive, it includes collision and comprehensive coverages, which pay for damages to your car from an accident or events like severe weather.
Compare Tennessee car insurance costs based on coverage level below.
| State minimum car insurance | Liability-only car insurance | Full coverage car insurance |
|---|---|---|
| $442 | $547 | $1,677 |
Tennessee car insurance by driver profile
Car insurance companies use your driving record to help determine rates since it indicates how likely you are to file a claim. Drivers with DUIs, multiple accidents or a history of reckless driving have significantly higher insurance rates.
In most states, credit history also affects car insurance rates. Statistically, drivers with a lower credit score are more likely to file a claim instead of paying out of pocket for damages.
This table compares average car insurance rates in Tennessee based on driver profiles. The highest rates in Tennessee are for drivers with Bad credit.
| Profile groups | Average annual premium | Annual premium for profile | $ Increase | % Increase |
|---|---|---|---|---|
| At-fault accident | $1,677 | $2,623 | $946 | 56% |
| Bad credit | $1,677 | $3,702 | $2,025 | 121% |
| Careless driving | $1,677 | $2,190 | $513 | 31% |
| Claims | $1,677 | $1,727 | $50 | 3% |
| DUI | $1,677 | $2,891 | $1,214 | 72% |
| Reckless driving | $1,677 | $2,866 | $1,189 | 71% |
| Speeding | $1,677 | $2,309 | $632 | 38% |
| Texting ticket | $1,677 | $2,098 | $421 | 25% |
Tennessee car insurance rates by age group
Age can significantly impact car insurance rates. Younger, less experienced drivers see the highest Tennessee car insurance rates. Rates decrease considerably with age and experience behind the wheel.
The table below shows average Tennessee car insurance rates by age.
| Age group | Full coverage car insurance |
|---|---|
| Teens (16-19) | $5,696 |
| Young Adults (20-24) | $2,715 |
| Adults (25-60) | $1,678 |
| Seniors (65-75) | $1,670 |
How much does car insurance cost in Tennessee per month?
The average monthly cost of Tennessee car insurance varies based on the amount of coverage you choose. While the minimum required car insurance is the cheapest, full coverage offers more protection at a higher rate.
| Coverage level | Average monthly premium |
|---|---|
| State Minimum BI/PD | $37 |
| Liability Only - 50/100/50 BI/PD | $46 |
| Full Coverage - 100/300/100 BI/PD - 500 Comp/Coll | $140 |
Tennessee car insurance discounts
Which car insurance discounts are available and how much savings drivers can expect depend on the state and the company. So, savings may vary considerably from company to company in Tennessee.
Check out the available car insurance discounts in Tennessee below and see how much you can save on average.
| Discount type | Premium before discount | Premium after discount | $ Saving |
|---|---|---|---|
| Air Bags | $1,895 | $1,890 | $5 |
| Anti-Theft Device | $1,895 | $1,873 | $22 |
| Daily Commute | $1,895 | $1,746 | $149 |
| Days Advanced Purchase | $1,895 | $1,769 | $126 |
| Education | $1,895 | $1,652 | $243 |
| Electronic Funds Transfer | $1,895 | $1,844 | $51 |
| Homeowner | $1,895 | $1,802 | $93 |
| Lower Annual Mileage | $1,895 | $1,800 | $95 |
| Loyalty - Years Renewal With Company | $1,895 | $1,719 | $176 |
| Marital Status | $1,895 | $1,749 | $146 |
| Multi Policy | $1,895 | $1,735 | $160 |
| Paperless/Electornic Documents | $1,895 | $1,817 | $78 |
| Payment Type | $1,895 | $1,730 | $165 |
| Primary Use | $1,895 | $1,704 | $191 |
| Profession | $1,895 | $1,568 | $327 |
| Safety Devices | $1,895 | $1,828 | $67 |
| Telematics | $1,895 | $1,690 | $205 |
| Years Insured | $1,895 | $1,578 | $317 |
| Years Licensed | $1,895 | $1,319 | $576 |
Car insurance requirements in Tennessee
Tennessee requires a minimum amount of car insurance, including:
- 25/50/25 in liability coverage to pay for bodily injuries and property damages you cause in an accident.
Remember, the minimum coverage required by Tennessee law is just that - the minimum. Experts recommend increasing limits and adding coverage, such as collision and comprehensive, to protect yourself better. By ensuring you have adequate coverage, you can have peace of mind on the road.
| State minimum requirements | State minimum car insurance | Liability-only car insurance | Full coverage car insurance |
|---|---|---|---|
| 25/50/25 | $442 | $547 | $1,677 |
Car insurance rates in Tennessee by model year
The vehicle you drive also affects Tennessee car insurance rates. For example, newer cars cost more to repair since they have expensive parts, such as collision warning systems, cameras, and anti-theft devices.
See how the model and age of the vehicle affect Tennessee car insurance rates below.
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 2WD 4 Door Sedan Automatic Turbo | $1,278 |
| Geico | 2WD 4 Door Sedan Automatic Turbo | $1,748 |
| Nationwide | 2WD 4 Door Sedan Automatic Turbo | $1,848 |
| Farmers | 2WD 4 Door Sedan Automatic Turbo | $2,261 |
| Allstate | 2WD 4 Door Sedan Automatic Turbo | $2,458 |
| Progressive | 2WD 4 Door Sedan Automatic Turbo | $3,451 |
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.
| 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 average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.
That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in Tennessee have increased or decreased from 2020 to 2023.
Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Systems in late 2023 for all 50 states and Washington, D.C. Base rates were fielded based on a 40-year-old driver with a clean record and good credit, driving a 2023 Honda Accord LX. Additional rates were fielded for multiple driver profiles including tickets, accidents and various credit tiers. Coverage levels include state minimum, 50/100/50 liability only, and full coverage at 100/300/100 liability limits with $500 deductibles. Rates were fielded from 34,588 ZIP codes and 170 insurance companies.
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