The Tennessee Financial Responsibility Act requires that you be financially responsible in the event of a car accident. Unless you qualify for an exemption, the easiest way to meet your financial responsibility requirement under state law is to be covered by an auto liability insurance policy. Tennessee, like many other U.S. states.
In the U.S., it requires vehicle owners to have minimum auto insurance coverage. In this blog, we'll take a deeper look at these laws and address some other unique features of auto insurance in Tennessee. Driving without car insurance is prohibited in Tennessee, and if you get caught, you'll face serious consequences. Tennessee drivers should be aware of auto insurance laws, as well as the consequences of driving without insurance.
Knowing the rules and regulations that govern car insurance in Tennessee will help protect you in the unfortunate event of a car accident. Tennessee drivers must meet the state's auto insurance requirements before hitting the road or they will face fines, fines, and even jail time. For example, if you have a car accident while driving a friend's vehicle, the primary source of compensation would be your friend's car insurance coverage, not your own. The state will suspend your license and car registration until you provide proof of financial responsibility or insurance.
The easiest way to find cheap car insurance in Tennessee is to compare quotes from several providers online. Many insurance experts recommend taking out car insurance with full coverage to better protect your finances in the event of an accident. Usually, the auto insurance company will help you cover representation if you are sued as a result of an accident, but you will have to pay for the representation yourself if you don't have car insurance. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
Tennessee drivers must have a minimum amount of liability insurance for each vehicle they own. According to the Insurance Information Institute, 24 percent of Tennessee drivers don't have minimum liability insurance. Bankrate's insurance editorial team explains how much car insurance you need to drive legally in Tennessee and what could happen if you drive without it. Not only could you have to pay fees and fines and have your driver's license suspended, but you could also pay out of pocket for injuries and property damage if you drive in Tennessee without car insurance and cause an accident.
But even beyond the legal consequences, not having an auto insurance policy with sufficient coverage could have devastating financial consequences if a car accident is caused. Motorists caught giving false insurance information to traffic officers during a stop face the crime of insurance fraud.