Auto Insurance Costs In Tennessee: What To Expect

The cost of car insurance in Tennessee varies depending on factors such as age, gender, driving record, credit score, and location. The average cost of car insurance in Tennessee is $1,041 per year for full coverage and $419 per year for minimum coverage. The cheapest car insurance company in Tennessee is Tennessee Farm Bureau, with an average annual rate of $1,049 for full coverage. The average cost of car insurance for a 22-year-old in Tennessee is $531 per year for state minimum coverage and $1,329 per year for full coverage. The cost of car insurance in Tennessee is moderate compared to other states, due to its lower population density and relatively moderate climate.

How much is auto insurance in Tennessee for young drivers?

The cost of auto insurance for young drivers in Tennessee varies depending on factors such as age, gender, driving history, credit score, and location. On average, young drivers in Tennessee pay around $2,256 per year for car insurance, according to Insure.com. However, the cost can range from $1,462 to $5,397 per year, depending on the driver's age, gender, and other factors.

Factors Affecting Auto Insurance Rates for Young Drivers in Tennessee

Several factors can influence the cost of auto insurance for young drivers in Tennessee. These include:

• Age and Gender: In Tennessee, car insurance rates tend to be higher for younger drivers, especially teens. According to ValuePenguin, an 18-year-old driver in Tennessee can expect to pay more than three times as much for car insurance as a 30-year-old driver. Additionally, male drivers often pay higher rates than female drivers. For example, the average annual rate for a 17-year-old male driver in Tennessee is $5,397, while the rate for a 17-year-old female driver is $4,541.
• Driving History: A clean driving record can help young drivers secure lower car insurance rates. Accidents, speeding tickets, and other violations can significantly increase premiums.
• Credit Score: A good credit score can positively impact car insurance rates. In Tennessee, drivers with poor credit may pay nearly twice as much for car insurance as those with good credit.
• Location: The cost of car insurance can vary by city in Tennessee. For example, Memphis has the highest average car insurance rate in the state at $1,672 per year, while Johnson City has the lowest at $1,076 per year.
• Type of Car: The make and model of the car can also impact insurance rates. Sports cars and luxury vehicles tend to be more expensive to insure than standard models.
• Coverage Level: The amount of coverage chosen will also affect the cost of auto insurance. Minimum coverage policies, which only meet the state's legal requirements, are typically cheaper than full coverage policies, which offer more comprehensive protection.

Ways to Save on Auto Insurance for Young Drivers in Tennessee

• Share a Policy with Parents: One of the most effective ways for young drivers to get cheaper insurance rates is to be added to their parents' policy. This can result in significant savings compared to purchasing an individual policy.
• Good Student Discounts: Many insurance companies offer discounts for young drivers who maintain good grades.
• Driver Safety Courses: Completing an approved driver safety course can also help young drivers qualify for lower insurance rates.
• Shop Around and Compare Quotes: Rates can vary significantly between insurance companies, so it's essential to compare quotes from multiple providers to find the most affordable option.
• Consider Usage-Based Insurance (UBI): UBI uses data on your driving behavior to determine your rates. This can be a good option for young drivers who demonstrate safe driving habits.

How much is auto insurance in Tennessee for older drivers?

The cost of car insurance for older drivers in Tennessee depends on several factors, including age, gender, driving record, and credit score. Here is a breakdown of the average costs for senior drivers in the state:

Average Cost for Senior Drivers in Tennessee:

On average, senior drivers in Tennessee pay around $1,308 per year for auto insurance, which is approximately $290 less than the national rate for seniors. The specific cost can vary depending on age, with 60-year-old drivers paying around $1,193 per year, 70-year-old drivers paying about 11% more, and 75-year-old drivers paying 24% more than 60-year-olds.

Cheapest Insurance Companies for Seniors in Tennessee:

According to a rate analysis, USAA offers the cheapest car insurance for senior drivers in Tennessee, with an average annual rate of about $935, or $78 per month. Geico is also mentioned as a cost-effective option for seniors, especially those aged 75 and above.

Factors Affecting Cost for Senior Drivers in Tennessee:

The cost of car insurance for senior drivers in Tennessee is influenced by age, gender, driving record, and credit score. For example, male drivers tend to pay higher rates than female drivers, and drivers with a clean driving record and good credit often pay less for insurance. Additionally, insurance rates may increase for older drivers due to factors such as age-related health issues and higher accident rates among seniors.

Ways to Save on Car Insurance for Senior Drivers in Tennessee:

Senior drivers in Tennessee can save on car insurance by shopping around for the best rates, raising their deductible, and taking advantage of discounts offered by insurance companies. Defensive driving courses, bundling policies, and loyalty discounts can also help reduce premiums.

How much is auto insurance in Tennessee for drivers with a DUI?

The cost of car insurance in Tennessee varies depending on factors such as age, location, vehicle type, and driving history. A DUI conviction will cause insurance rates to increase.

The average rate for a driver with a DUI in Tennessee is $1,974 per year. The cheapest company for car insurance for drivers with a DUI in Tennessee is State Farm, with an average annual rate of $1,142. Progressive is another good option, with an average annual rate of $1,507.

Other companies that offer competitive rates for drivers with a DUI in Tennessee include:

• Tennessee Farmers: $1,518 per year
• Nationwide: $2,705 per year
• American Family: $468 per year
• Farmers Mutual of Nebraska: $360 per year

It is worth noting that these rates are just estimates and may not be indicative of what an individual driver will pay. The cost of car insurance can vary significantly depending on personal factors. It is always a good idea to shop around and compare quotes from multiple companies to find the best rate.

How much is auto insurance in Tennessee for drivers with a clean record?

The cost of auto insurance in Tennessee varies depending on factors such as age, location, vehicle type, and driving history. For drivers with a clean record, the cheapest car insurance companies in Tennessee are State Farm, Auto-Owners, and USAA. State Farm offers the lowest rates for minimum coverage at $31 per month and full coverage at $71 per month. Auto-Owners Insurance is the second-cheapest option, with an average annual rate of $999. USAA, exclusive to military members, veterans, and their families, offers the lowest rates, with an average annual premium of $786 for minimum coverage and $840 for a good driver with a clean record.

The average cost of auto insurance in Tennessee is $1,890 per year for full coverage and $461 for minimum coverage, according to Bankrate's analysis. Tennessee is among the 20 cheapest states for car insurance due to its large rural population, resulting in less traffic, accidents, and claims. However, it's important to note that insurance rates can vary based on individual factors, and it's recommended to compare quotes from multiple companies to find the best rate.

How much is auto insurance in Tennessee for drivers with a poor credit score?

The cost of auto insurance in Tennessee is influenced by several factors, including age, location, driving record, vehicle type, and credit score. Tennessee drivers with a poor credit score can expect to pay higher rates than those with good credit.

According to MoneyGeek, the average annual cost of car insurance in Tennessee for drivers with poor credit is $1,367. The cheapest car insurance company in Tennessee for drivers with poor credit is Tennessee Farm Bureau, with an average annual rate of $989. Other affordable options include Grange Insurance ($1,201) and Auto-Owners Insurance Co ($1,451).

It's important to note that insurance rates can vary based on other factors, such as age, driving record, and location. Additionally, insurance companies may have different criteria for determining credit-based insurance scores. It's always a good idea to shop around and compare quotes from multiple insurers to find the best rate for your specific situation.

Frequently asked questions