Auto-Owners Insurance Co is the cheapest auto insurance company for minimum and full coverage policies in Tennessee. It also offers the lowest rates for members of the military and sports car drivers. State Farm is the most affordable insurer for young drivers, seniors and people with speeding tickets, while Tennessee Farm Bureau is the most affordable for drivers with low credit scores. Drivers with low credit ratings pay some of the highest auto insurance premiums in the state of Tennessee.
If you're on a budget, it might be a good idea to buy the cheapest car insurance available in Tennessee, a minimum coverage policy from Auto-Owners Insurance. Comprehensive coverage covers damage to your car after incidents beyond your control, such as theft and weather, while collision coverage pays for damage to your car after an accident in which the culprit is at fault. The vast majority of states in the country follow liability insurance laws, which makes car insurance in Tennessee relatively standard. MoneyGeek's car insurance calculator allows you to get a quote without entering specific personal information.
Some cities may have a high incidence of traffic accidents, car thefts, or other risk factors, making car insurance more expensive. The analysis included 5 to 10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Minimum liability policies are the cheapest car insurance in Tennessee because they offer the lowest level of coverage you can legally have in the state. Because of the decline in car insurance rates for teens as they age, 19-year-old drivers have a significantly lower premium than 16-year-old drivers.
If you're looking for the best balance between cost and quality service, Erie is the best auto insurance company in Tennessee, although it doesn't have the cheapest rates. You may also need additional coverage if you have serious offenses, such as driving under the influence of alcohol, since Tennessee requires SR-22 insurance. That's because auto insurance companies in Tennessee and elsewhere base their rates on several variables related to you and your vehicle.