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. If you're going to explore the wonders of Tennessee, make sure you have the right auto insurance coverage. Like most states, Tennessee requires drivers to have car insurance to drive legally.
In addition, Tennessee's auto insurance laws recently underwent a change. Bankrate's insurance editorial team researched Tennessee's new insurance law so you can have the peace of mind of knowing how much coverage is required. If you drive in the voluntary state, make sure your car insurance coverage complies with Tennessee car insurance laws. If the system cannot confirm coverage for a vehicle, the owner will receive a notice from the Tennessee Department of Revenue and must submit proof of insurance through the Drive Insured Tennessee website.
Drivers who have been found guilty of driving under the influence of alcohol or drunk driving, who have committed serious driving offenses, or who have failed to comply with Tennessee auto insurance laws in the past must file an SR-22 certificate with the state's department of motor vehicles. Liability insurance is required to cover any damage or injury you may cause to someone as a result of a car accident. To find the best auto insurance company for you, it can be helpful to determine what your personal coverage needs are and what you value most in an insurance company. UM can protect you and other drivers insured in your policy if you are injured in a hit and run accident or in a car accident with an at-fault driver who doesn't have adequate insurance coverage to pay for your medical expenses.
An SR-22 is a record that your auto insurance company files with the state, often electronically, that certifies that you have insurance coverage that meets Tennessee's minimum liability auto insurance requirements. For example, a company car can typically be covered by the same minimum liability requirements as passenger cars. For more information or to get a free quote on commercial auto insurance in Tennessee, call 1-877-GO-DIRECT (1-877-463-473) or visit a Direct Auto branch near you. Under Tennessee insurance laws, auto insurers must offer uninsured motorcyclists body coverage for uninsured motorists with the same limits as their liability coverage for bodily injury.
Tennessee auto insurance laws require that all business-owned vehicles be covered by a commercial auto insurance policy that meets the minimum financial responsibility requirements. If you're looking for the cheapest car insurance company in Tennessee, your best bet may be to compare personalized quotes from several providers. Commercial auto insurance policies aren't one-size-fits-all, and a variety of commercial coverages are available. By purchasing the minimum amount of insurance required to drive legally in Tennessee, you'll save money on your insurance premium.
While insuring your personal vehicle with the minimum amount of insurance required by Tennessee law will save you money, it could also leave you more financially vulnerable in the event of an accident...