Looking for car insurance in Tennessee? NerdWallet has outlined what you need to know about Tennessee’s insurance regulations before you buy.
What Do I Need to Know?
Under Tennessee state law, you are required to prove that you can be held financially responsible for any damages you cause while driving. Most people find that the easiest way to do this is by purchasing liability insurance. Liability insurance pays for the other party’s damages if you get into an accident. Tennessee’s minimum auto liability requirements are:
- $25,000 per person for bodily injury or death
- $50,000 per accident for bodily injuries or death
- $15,000 for property damage for accident
While the state doesn’t require it, it’s also a good idea to buy uninsured motorist insurance, collision coverage, and comprehensive coverage. Uninsured motorist insurance will cover damages caused by motorists who are uninsured or underinsured. Collision coverage will pay for your own damages if you are at fault in an accident, and comprehensive insurance will pay for damages caused by non-collision events, such as falling objects, vandalism, or theft.
How Can I Save Money on Car Insurance?
Whether you’re on active duty or retired from the military, you might be able to get a discount on your car insurance. Many insurance companies reward service members with lower premiums.
Mature Driver Discount
If you’re over 55, brushing up on your defensive driving skills could save you some money. If you complete a state-approved driving course, many insurance providers will offer you a more affordable rate on your car insurance.
Good Student Discount
If someone on your policy is a full-time high school or college student with a B average or higher, you could qualify for a discount. Students who do well in school are statistically less likely to get in an accident.
Safe Vehicle Discount
If you have safety features in your car, such as airbags, motorized seat belts, or anti-theft devices, your insurance provider will consider you a lower-risk driver and may offer you a lower premium. You can make sure your car stays safe by taking it in for regular maintenance.
Other Things to Consider
In Allstate’s 2013 Best Drivers Report, Knoxville, Tennessee came in 12th place, making it one of the safest cities for drivers in the U.S. Although the city of Knoxville, for example, is a crowded place with a population of over 182,000, the study showed that drivers in Knoxville were 15.6% less likely to get into a car accident than in other parts of the country. Chattanooga also made Allstate’s list, ranking in 31st place.
Rough Road Conditions
In Tennessee, 38% of roads are in poor or mediocre condition and 13.4% of bridges are considered structurally obsolete, making driving conditions more difficult and raising the cost of car insurance for drivers. The poor road conditions can be attributed to the wear and tear of traffic throughout the state. There are initiatives to better conditions. With funding from the Federal Highway Bridge Fund, for instance, Tennessee is currently undertaking an initiative to make their bridges safer.
Insurance for High-Risk Drivers
If you were turned away by other insurance providers because of your driving record, you can still purchase higher-cost coverage through the Tennessee Automobile Insurance Plan (TNAIP). Through this plan, all the insurance providers in the state split the cost of insuring high-risk drivers. Because this plan is expensive, it’s a good idea to continue looking for less expensive coverage while you’re in it.
Find the Best Car Insurance in Tennessee
If you want personalized car insurance quotes, you can anonymously use NerdWallet’s car insurance comparison tool.
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