Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in Tennessee: Best Companies & Quotes
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Joanna is an expert on understanding how the different laws and regulations in the car insurance industry shape the way that policies work.
Best Car Insurance Companies in Tennessee
- Tennessee Farmers
- State Farm
|Tennessee Farmers||Erie||State Farm||Geico||Progressive||Nationwide|
|AM Best Financial Strength Rating||B++||A+||A++||A++||A+||A+|
|JD Power 2019 Overall Customer Satisfaction score||5/5||5/5||5/5||3/5||3/5||2/5|
|Avg Annual Premium||$407||$444||$459||$526||$599||$771|
|Consumer Reports Reader Score||N/A||86||78||78||75||N/A|
Auto Insurance Statistics in Tennessee
Auto insurance rates in Tennessee have been significantly lower than the national average for many years. Drivers in the state can benefit from having low auto insurance premiums in Tennessee when compared to other states.
Top 10 Cheapest Car Insurance Companies in Tennessee
|Rank||Company Name||Avg. Annual Premium|
|7||Direct General Insurance||$1,194|
Drunk Driving Fatalities
Drinking and driving in Tennessee just like in other states is a dangerous practice that often proves fatal. To prevent deaths from drinking and driving in Tennessee, it is necessary to avoid drinking and driving altogether. Understanding the drunk driving fatality rate can help drivers assess their level of risk on the road prior to taking out a car insurance policy. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Tennessee vs. nationwide.
Drunk driving fatalities in Tennessee from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving is a serious concern in Tennessee that should be improved upon with help from parents as well as teachers in schools. This data shows that fewer teens in the state are driving while under the influence when compared with the rate of teens drinking and driving across the country. The below statistics compare the percentage of Tennessee drivers that are teenagers who are drinking and driving related to national averages.
Teen Drinking & Driving in Tennessee vs. Nationwide (2017)
SR-22 Insurance in Tennessee
Tennessee is one of the many states that requires risky drivers to file SR-22 policies. You may be deemed a risky driver if you have a conviction for an infraction, or you are caught performing another road offence. SR-22 policies provide direct evidence to the DMV that you are insured to a basic standard.
In Tennessee, this means that you need $25,000 of single person bodily injury coverage, $50,000 of overall bodily injury coverage, and $15,000 of private property damage coverage. Unfortunately, this can often mean that your insurance rates go up — make sure to compare multiple insurance policies before you make a decision on which policy is best for you.
Car Theft in Tennessee
Car theft in Tennessee has been dropping in recent years with only a slight increase in rates starting in the year 2014. By understanding the number of car thefts which occur on average, car insurance shoppers can get an idea of what type of car insurance to buy. Comprehensive car insurance coverage can help you to save on the price of replacing a car in the event of theft.
Vehicle thefts by rank nationwide vs. Tennessee
Uninsured Motorists in Tennessee
When a driver operates a vehicle without insurance, they risk having to pay directly for expenses when damage occurs. However, with uninsured and underinsured motorist coverage, you can stay protected even if the other drive has no auto insurance. The below data shows how well Tennessee ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States 2015)
Auto insurance companies want to know that the person they are insuring is responsible, meaning you've had little to no traffic violations or charges such as a DUI (Driving Under the Influence) and that you pay your bills in a timely manner. If you've got a squeaky clean record, you'll find yourself paying the lowest rate possible for insurance but not everyone is perfect, so we've found some very forgiving companies that can help you save money on your insurance premiums.
You can begin shopping for cheap auto insurance rates by entering your zip code when shopping at one of the companies below. This will give you an idea of how much each company charges based on your zip code, but a good driving record can save you even more when you supply your personal information for a quote. According to NerdWallet, you can save quite a bit by shopping around. It's a good idea to get at least three to four quotes to ensure that you're getting the best bang for your buck in terms of coverage, rates and any special rewards that may be offered to you later down the road such as a good driver's discount, auto insurance student discount, having a multi-car policy or not having any claims or accidents for a certain period.
Safe Auto offers Tennessee minimum insurance requirements for the cheapest car insurance rates, according to their website, and they offer insurance to those who may have a less than perfect record which is very attractive to those who need SR22 insurance. You can also find out what the state's minimum requirements are on their home page so you know exactly what you're obligated to have without any browbeating or upsells of a more expensive policy. Enter your zip code to find out what your baseline rate may be. Based on an average credit score with a good driving record and no lapse in coverage in the last six months, you may only pay an annual fee of $535.
Farm Bureau Insurance of Tennesee costs good drivers with no recent at-fault accidents and no moving violations (such as a DUI) roughly $854 per year, according to NerdWallet. Of course, this is the best case scenario so if you've had moving violations or a recent accident that was found to be your fault, your rate may be higher; maybe near the range of almost $940 per year.
Geico seems to be another popular option when it comes to saving money on your insurance premium. Their famous slogan is that “New customers report average annual savings over $500”. This may depend upon personal deciding factors such as driving history, credit score, age and other similar details. It ranks number three on NerdWallet's evaluation for cheapest car insurance for good drivers, coming in at $1,113 per year. This is not as cheap as other companies, but may be a good option for some.
The average cost of Tennessee auto insurance for all cities including Memphis and other famous cities can range anywhere from approximately $1,200 to $1,400 per year making the three options above look particularly attractive to those shopping around for a better-priced insurance premium. The most important factor may not only be how much your premium is, but whether or not you can save money later on if you have an accident by comparing the car insurance deductible or by saving money with customer loyalty programs.
Types of Auto Insurance Coverage in Tennessee:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Minimum Requirements for Car Insurance Coverage in Tennessee
There are minimum requirements for car insurance coverage in the state of Tennessee. According to the Tennessee Insurance Division, all drivers must carry at least liability insurance coverage.
Liability minimums in Tennessee:
$15,000 coverage for property damage
$25,000 coverage if an individual is injured or killed in an accident
$50,000 coverage for multiple individuals injured or killed
Source: Tennessee Insurance Division
Cheap Auto Insurance Discounts
At CheapAutoInsurance.co, we know that Tennessee drivers want to save the maximum amount on the cost of auto insurance. One of the best ways to do this is by talking to your car insurance provider about auto insurance discounts. Browse the list below to find some of the auto insurance discounts listed that can help you to save on the cost of car insurance in Tennessee.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Tennessee Car Insurance
This section answers general questions about car insurance in Tennessee. Use this section to help you understand the answers in other sections.
What is considered full coverage auto insurance in Tennessee?
Which car insurance companies do business in the state of Tennessee?
- Tennessee Farmer’s Mutual
- State Farm
- Utica National
- The Cincinnati
Tennessee Car Insurance Laws
Each state writes their own car insurance laws – which means it can be confusing to understand what’s required in each state. This section answers your questions about the car insurance laws for Tennessee.
What is the Tennessee state minimum auto insurance?
How long do you have to get insurance after buying a used car in Tennessee?
What is the lowest requirement for car insurance in Tennessee?
Are you required to have auto insurance in Tennessee when you obtain your driver's license?
How to be exempt from TN car insurance law?
How many auto insurance policies can I have on a car in Tennessee?
How long can you buy a new car without insurance Tennessee?
What is the law in Tennessee regarding car insurance?
How do show proof of high risk auto insurance in TN?
What to do when you got a ticket for no insurance on a car in Tennessee?
Who can be exempt from car insurance in TN?
No insurance car accident but not at fault - what are my rights in TN?
What type of insurance is required for a financed car Tennessee?
Who is required to have auto insurance in TN?
In TN, when you own your car what insurance do you need?
When do I need to put my child on my car insurance in Tennessee?
What car insurance is mandatory in Tennessee?
When you buy a used car do you get insurance first before getting it retitled in Tennessee?
What are the minimum medical auto insurance policy limits in Tennessee?
What is the penalty for not having car insurance in Tennessee?
What happens if you don't have car insurance in Tennessee?
In Tennessee, how long to put new car on insurance?
What type of insurance is required for a financed car Tennessee?
How long has Tennessee had car insurance law?
Tennessee Car Insurance Prices
The price of car insurance is what most drivers are most concerned about. This section answers your questions about car insurance prices in TN.
How much is car insurance for an 18 year old boy in Tennessee?
How much does TN car insurance go up after an accident?
What is the average cost of auto insurance in Tennessee?
How to reduce car insurance in Tennessee?
Why would car insurance go up in Tennessee?
How much is car insurance per month in Tennessee?
Which auto insurance companies are the most affordable in TN?
What does the average driver spend per month on auto insurance in TN?
What are cheap rates for Tennessee car insurance?
How much is non-owner car insurance in Tennessee?
Why is car insurance so expensive in TN?
How much is car insurance in Tennessee?
Who has the best auto insurance rates in Tennessee?
What are the top-rated auto insurance companies in Tennessee?
How much is liability motorcycle insurance in Tennessee?
Tennessee Car Insurance Claims and Coverage
We’ll answer questions about car insurance claims and coverage in Tennessee in this section.
When in a car accident can you collect medical payments from both insurance companies TN?
In TN, what happens if you are in an accident with no car insurance?
How long should an insurance company provide a rental car after totaled Tennessee
How long does it take for insurance to report car electronically to TN?
What do I do if someone hits my car and they have no insurance in Tennessee?
What to expect when filing an auto insurance claim in Tennessee?
Other Tennessee Car Insurance Questions
This section covers Tennessee car insurance questions that don’t fit into any of our other categories.