Cheapest Car Insurance In Tennessee For 2024
If you’re seeking the most affordable car insurance options in Tennessee, Tennessee Farmers Mutual stands out as one of the top choices, known for its budget-friendly rates.
We’ve saved shoppers an average of $600 per year on their car insurance.
This comprehensive guide aims to explore the landscape of cheap car insurance in Tennessee, offering comparisons among various providers while prioritizing affordability.
Drawing from over a decade of experience analyzing car insurance trends, I’ve compiled my research to simplify the process for you, providing essential insights into the insurance market.
Cheapest Car Insurance Companies In Tennessee, 2024
Cheapest Car Insurance In Tennessee For Minimum Coverage: Tennessee Farmers Mutual
Tennessee Farmers Mutual offers the best cheap car insurance for minimum coverage, with average monthly rates of $24.
| Provider | Average Monthly Cost | Average Annual Cost |
| Tennessee Farmers Mutual | $24 | $286 |
| Geico | $26 | $310 |
| Travelers | $26 | $314 |
| Erie | $28 | $333 |
| USAA | $28 | $340 |
Cheapest Car Insurance In Tennessee For Full Coverage: Tennessee Farmers Mutual
Tennessee Farmers Mutual has average monthly premiums of $106 for a full coverage policy in Tennessee.
Full coverage car insurance in Tennessee provides comprehensive protection for drivers, encompassing both liability coverage and additional protections for their own vehicle. This type of insurance typically includes coverage for property damage and bodily injury liability, which are required by law in Tennessee. Additionally, full coverage policies often include collision coverage, which helps pay for repairs to the insured vehicle in the event of an accident, regardless of fault.
| Provider | Average Monthly Cost | Average Annual Cost |
| Tennessee Farmers Mutual | $106 | $1,277 |
| Travelers | $107 | $1,279 |
| Geico | $112 | $1,346 |
| Encompass | $121 | $1,447 |
| Erie | $122 | $1,463 |
Cheapest Car Insurance In Tennessee For Drivers With Poor Credit: Tennessee Farm Bureau
Car drivers in Tennessee can find the best cheap car insurance from Tennessee Farm Bureau, with an average monthly premium of $83.
| Provider | Average Monthly Cost | Average Annual Cost |
| Tennessee Farm Bureau | $83 | $994 |
| Nationwide | $105 | $1,264 |
| Farmers | $117 | $1,409 |
| Travelers | $121 | $1,451 |
| Cincinnati Insurance | $138 | $1,655 |
Cheapest Car Insurance In Tennessee For Seniors: Auto-Owners
Auto-Owners offer the cheapest car insurance for seniors in Tennessee, with average premiums of $57.
Car insurance options for seniors in Tennessee cater to the unique needs and preferences of older drivers. These policies often offer discounts and benefits tailored to seniors, reflecting their typically lower risk profile and experience on the road. Insurers recognize that many seniors maintain excellent driving records, making them favorable customers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $57 | $684 |
| Tennessee Farm Bureau | $62 | $746 |
| Cincinnati Insurance | $68 | $813 |
| Erie | $71 | $851 |
| Farmers | $72 | $865 |
Cheapest Car Insurance In Tennessee For Young Drivers
Generally, young adult drivers tend to have more affordable car insurance rates compared to teenage drivers in Tennessee. This is because as drivers age from their teenage years into young adulthood, they typically exhibit more responsible driving behaviors and have fewer accidents.
Cheapest Tennessee Car Insurance For 16-Year-Olds: Erie
Erie has the cheapest rates for 16-year-olds, with an average monthly premium of $249.
| Provider | Average Annual Cost | Average Monthly Cost |
| Erie | $2,988 | $249 |
| State Farm | $3,310 | $276 |
| Tennessee Farmers Insurance Companies | $3,318 | $277 |
| Auto-Owners Insurance | $3,829 | $319 |
| Geico | $4,086 | $341 |
Cheapest Tennessee Car Insurance For 17-Year-Olds: Erie
Erie has the cheapest rates for 17-year-olds, with an average premium of $226.
| Provider | Average Monthly Cost | Average Annual Cost |
| Erie | $226 | $2,706 |
| State Farm | $244 | $2,923 |
| USAA | $245 | $2,941 |
| Geico | $268 | $3,214 |
| Tennessee Farmers Insurance Companies | $277 | $3,318 |
Cheapest Tennessee Car Insurance For 18-Year-Olds: USAA
USAA has the cheapest rates for 18-year-olds, with an average monthly premium of $207.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $207 | $2,488 |
| Erie | $211 | $2,527 |
| State Farm | $214 | $2,570 |
| Geico | $222 | $2,668 |
| Tennessee Farmers Insurance Companies | $232 | $2,789 |
Cheapest Tennessee Car Insurance For 21-Year-Olds: USAA
USAA has the cheapest rates for 21-year-olds, with an average monthly premium of $107.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $107 | $1,279 |
| Geico | $136 | $1,626 |
| State Farm | $145 | $1,737 |
| Auto-Owners | $149 | $1,782 |
| Farmers | $161 | $1,932 |
Cheapest Car Insurance In Tennessee For Good Drivers (Full Coverage): Auto-Owners
Good drivers in Tennessee can find the cheapest coverage from Auto-Owners, who offer average monthly premiums of $61.
For drivers with a clean record in Tennessee, car insurance rates tend to be lower compared to those with a history of accidents or violations. Insurance companies often reward safe driving behavior by offering discounts and lower premiums to drivers who have maintained a clean record without any accidents or traffic violations.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $61 | $728 |
| Erie | $71 | $851 |
| Tennessee Farm Bureau | $72 | $860 |
| Travelers | $72 | $865 |
| Farmers | $75 | $906 |
Cheapest Car Insurance In Tennessee For Drivers With Prior Incidents
For drivers in Tennessee with prior incidents on their record, such as accidents or traffic violations, obtaining car insurance may result in higher premiums compared to those with a clean driving history. Insurance providers typically consider drivers with prior incidents as higher risk, as they are more likely to file claims in the future.
Most Affordable Car Insurance In Tennessee For Drivers With A Speeding Ticket: Tennessee Farmers Mutual
Tennessee Farmers Mutual has average premiums of $286, making it the cheapest option for drivers with a speeding ticket
| Provider | Avg. Annual Min Coverage Premium | Avg. Annual Full Coverage Premium |
| Tennessee Farmers Mutual | $286 | $1,277 |
| Geico | $310 | $1,346 |
| Erie | $350 | $1,519 |
| Travelers | $380 | $1,723 |
| Celina | $412 | $1,999 |
Most Affordable Car Insurance In Tennessee For Drivers With An At-Fault Accident: Tennessee Farmers Mutual
Tennessee Farmers Mutual has average premiums of $286, making it the cheapest option for drivers with an at-fault accident.
| Provider | Avg. Annual Min Coverage Premium | Avg. Annual Full Coverage Premium |
| Tennessee Farmers Mutual | $286 | $1,277 |
| Travelers | $404 | $1,785 |
| Erie | $408 | $1,704 |
| Progressive | $528 | $2,982 |
| Celina | $534 | $2,537 |
Most Affordable Car Insurance In Tennessee For Drivers After A DUI: Progressive
Progressive has average premiums of $408, making it the cheapest option for drivers with a DUI on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $408 | $2,302 |
| Travelers | $425 | $1,908 |
| Tennessee Farmers Mutual | $448 | $2,032 |
| Erie | $600 | $2,316 |
| Grange | $657 | $2,567 |
Average Cost Of Car Insurance In Tennessee – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $438 | $5,255 |
| 17 | $390 | $4,678 |
| 18 | $333 | $3,996 |
| 19 | $218 | $2,619 |
| 21 | $144 | $1,733 |
| 25 | $96 | $1,151 |
| 35 | $118 | $1,410 |
| 45 | $114 | $1,373 |
| 55 | $57 | $692 |
| 65 | $56 | $680 |
| 75 | $66 | $796 |
Average Cost In Tennessee – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1250 |
| Male | Single | $1500 |
| Female | Married | $1150 |
| Male | Married | $1350 |
Average Cost In Tennessee – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $54 | $647 |
| Good | $65 | $775 |
| Fair | $79 | $943 |
| Poor | $114 | $1,367 |
Cheapest Car Insurance In Tennessee By City
| City | Average Monthly Cost | Average Annual Cost |
| Nashville | $106 | $1,277 |
| Memphis | $127 | $1,528 |
| Knoxville | $95 | $1,142 |
| Chattanooga | $95 | $1,138 |
| Clarksville | $100 | $1,203 |
Minimum Car Insurance Requirement In Tennessee
The minimum Tennessee car insurance coverage requirements under state law are as follows:
- Property damage liability: $25,000 per accident
In Tennessee, drivers are required to have minimum car insurance coverage that includes property damage liability (PDL) insurance. Property damage liability insurance helps cover the costs if you damage someone else’s property in a car accident.
It’s important to note that Personal Injury Protection (PIP) insurance is not required in Tennessee. PIP coverage typically helps cover medical expenses and lost wages for you and your passengers, regardless of who is at fault in an accident. However, since PIP is not mandatory in Tennessee, drivers may need to explore other options for covering medical expenses and lost wages in the event of an accident.
It’s essential for Tennessee drivers to understand their state’s minimum car insurance requirements and consider additional coverage options to ensure adequate protection on the road.
Car Insurance Discounts In Tennessee
When shopping for car insurance, it’s wise to explore insurers that offer discounts tailored to your circumstances. Additionally, discussing your coverage needs with an insurance agent can reveal potential discounts you may have overlooked.
Below, we’ll delve into the common types of discounts provided by top car insurance companies:
- Multi-Policy Discount: Bundling car insurance with other policies like home or renters insurance can lead to lower premiums, providing savings on overall insurance costs.
- Safe Driver Discount: Drivers with a clean driving record, free of accidents or traffic violations, often qualify for discounts as they pose lower risk to insurers.
- Defensive Driving Course Discount: Completing a defensive driving course can result in lower premiums as it demonstrates commitment to safe driving practices.
- Good Student Discount: Students who maintain good grades in school may be eligible for discounts, as they are perceived as responsible individuals.
- Anti-Theft Device Discount: Installing anti-theft devices in vehicles can lead to discounted premiums, as they reduce the risk of theft or vandalism.
- Low Mileage Discount: Drivers who travel fewer miles annually may qualify for lower premiums, as they are less likely to be involved in accidents.
- Pay-Per-Mile Discount: Opting for usage-based insurance where premiums are based on miles driven can lead to cost savings for drivers with low mileage.
- Mature Driver Discount: Older drivers who have completed specific driving courses or have maintained a clean driving record may qualify for discounts.
Our Methodology
To identify the cheapest car insurance options in Tennessee, I employed a comprehensive methodology that involves thorough research and analysis. Utilizing an in-depth review process that evaluates factors like customer service ratings, insurance options, pricing models, and user feedback, I've crafted a thorough examination of Tennessee’s car insurance landscape. This perspective is shaped by more than 15 years of direct involvement in the insurance sector as a licensed agent operating within Tennessee. It's informed by numerous interactions with representatives from various insurance companies and firsthand experiences gained through procuring car insurance in the state.
Quotes Assessed
Hours Of Research
Years Of Industry Expertise
Brands Reviews
FAQs
How much is car insurance a month in Tennessee?
The average cost of car insurance per month in Tennessee varies depending on factors like age, driving history, and coverage options. However, it typically ranges from $80 to $200 per month.
What is the minimum car insurance one must have in Tennessee?
The minimum car insurance requirements in Tennessee include liability coverage for bodily injury and property damage. The minimum limits are $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.
Which insurance is better in Tennessee?
The “better” insurance in Tennessee depends on individual needs and preferences. It’s essential to compare coverage options, premiums, customer service, and financial stability of insurance companies to determine which one best suits your requirements.
