Cheapest Car Insurance in Tennessee

The cheapest car insurance in Tennessee is a minimum coverage policy from Westfield, which costs about $23 per month or $271 per year, on average. This rate is $178 less than the state's average. These rates are sourced from Quadrant Information Services, ensuring you're getting the most up-to-date information as of December 2024. Read our research methodology to learn about how we found the cheapest Tennessee car insurance.

Westfield is the cheapest car insurance company for most drivers in Tennessee, with an average monthly rate of $49. This rate is $16 less than the state average. Auto-Owners, Travelers, Erie and Tennessee Farm Bureau also offer affordable rates.

We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

Westfield offers the most affordable car insurance for minimum coverage, while Travelers provides the cheapest for full coverage. In the table below, we highlight the cheapest car insurance companies and rates in Tennessee for several major driving profiles.

Read More: Cheapest Car Insurance

Along with Westfield, Auto-Owners, Tennessee Farm Bureau and Erie provide cheap minimum liability coverage for drivers in Tennessee. Use the table below to explore companies with the best minimum coverage rates in Tennessee and see how they compare to the $37 monthly state average.

Travelers offers the cheapest full coverage auto insurance in Tennessee, with rates averaging $70 per month or $835 per year. This cost is $23 below the state average.

In Tennessee, young adult drivers fare best with Westfield, usually the most affordable option. A minimum coverage policy with Westfield costs just $27 per month for 25-year-olds.

We used minimum coverage for a 25-year-old driver with good credit and no driving violations to determine the cheapest provider.

For young drivers in Tennessee, Westfield and Tennessee Farm Bureau offer some of the most affordable auto insurance options. Rates can vary based on your driving record and other factors, but these companies are a good starting point. Check the table below to find the best rates for your needs.

Read More: Cheapest Car Insurance for Young Drivers

Senior drivers in Tennessee can find affordable rates with Westfield. The average policy costs $25 per month for 65-year-olds seeking minimum coverage.

We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.

Westfield and Auto-Insurance have the cheapest rates for different senior driver profiles and needs in Tennessee. You may receive a different quote from these companies, but you can use the rates in the table below to guide your car insurance shopping experience.

Read More: Cheapest Car Insurance for Seniors

Drivers in Tennessee with a DUI, at-fault accident or speeding ticket are labeled as "high-risk" by insurers, resulting in higher insurance costs than those with clean records. Premiums differ based on the offense for high-risk drivers. Below are the best rates for drivers with these infractions.

Progressive offers the best rates for Tennessee drivers with DUIs, with a monthly rate of $39 and an annual rate of $462 for minimum coverage insurance. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs in Tennessee.

We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

With rates averaging $28 per month ($336 per year), Tennessee Farm Bureau is the cheapest company for drivers after an at-fault accident. Below is a list of other insurers offering affordable coverage for drivers with accidents on their records. Rates are for a minimum coverage policy.

We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

Westfield offers the cheapest insurance for drivers with a speeding ticket, averaging $27 per month. See the table below to compare providers offering minimum coverage for drivers with a speeding ticket.

We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

Westfield is the cheapest car insurance provider for drivers with poor credit scores, offering rates as low as $27 monthly and $326 annually for minimum coverage. Check the table below for more options from other providers.

These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Location is a significant factor in determining car insurance rates. Even within the same state, there can be substantial differences across cities due to factors like population density, flooding and crime rates.

For example, Westfield's monthly rate for minimum coverage in Memphis is $32, while in Knoxville, it's just $25. Browse the table below to find your city, the cheapest company there and its lowest average monthly car insurance premium.

The lowest rate referenced is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

If you're looking to bundle home and auto insurance, State Farm is the most affordable option. In the table below you can view more cheap companies for bundling home and auto policies.

Rates are for a 40-year-old driver with good credit and no driving violations

In Tennessee, the monthly average cost of full coverage car insurance is $92, while minimum coverage is $37. Understanding the average cost of car insurance in Tennessee helps you gauge if you're getting a fair deal on your auto insurance.

In Tennessee, auto insurance rates vary by city. See the table for average minimum and full coverage costs in different locales.

Tennessee's car insurance costs are lower than many states, ranking 38th in expense. Factors like moderate population density, occasional natural disasters, and vehicle theft rates affect the price of car insurance is expensive in Tennessee.

Tennessee law mandates at least $25,000 for bodily injury liability per person, $50,000 per accident and $25,000 for property damage liability per accident. 

If you finance or lease your car, you will likely have to buy comprehensive and collision insurance in addition to minimum liability coverages. Although a minimum liability auto insurance policy is the least expensive option, it offers the lowest amount of financial protection. Experts recommend driving with full coverage insurance with the highest deductible and liability limits you can afford.

Drivers with serious traffic violations, such as speeding or DUI, may need to file for SR-22 insurance, which can increase your premium. In Tennessee, either you or your insurance company can file the SR-22 form. It remains valid for three to five years from your most recent offense.

In Tennessee, a common car insurance alternative is posting a cash deposit or bond with the state. This option allows residents to meet the state's minimum coverage requirements without purchasing traditional insurance.

For business owners, self-insurance or fleet insurance are viable alternatives. These options allow businesses to cover multiple vehicles under one policy, providing flexibility and potentially lowering costs.

MoneyGeek recommends that drivers opt for full coverage car insurance, which goes beyond the minimum coverage. This includes liability, collision and comprehensive coverage. For liability, we suggest the following limits:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage pays for damage to your car from events like theft, vandalism or natural disasters. Collision coverage handles repairs if your car is damaged in a crash.

If your car is valuable, it's wise to have both comprehensive and collision insurance. While not required by law, they offer peace of mind. Choose a deductible that you can afford to pay out of pocket. This ensures you're covered without financial strain.

Travelers has the cheapest full coverage at $70, and Westfield wins for state minimum at $24. While saving money is great, the cheapest car insurance might not be the best. Experts say buy the most coverage you can afford for the safest driving in Tennessee.

MoneyGeek answers commonly asked questions about the cheapest car insurance in Tennessee to ensure you get the right coverage for your situation.

MoneyGeek obtained Tennessee auto insurance rates from the Tennessee Department of Insurance and Quadrant Information Services. We examined 59,840 auto insurance quotes from 16 providers across 68 ZIP codes to determine the most affordable car insurance companies in Tennessee.

Tennessee Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Tennessee:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model, and military service where specified.

Standard Coverage Levels in Tennessee

We compared car insurance companies in Tennessee that offer both minimum and full coverage policies. We set the limits of the minimum coverage car insurance policy to the minimum amount required by law in Tennessee.

The minimum coverage liability limits in Tennessee are:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per accident.
• $25,000 for property damage liability per accident.

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in Tennessee

MoneyGeek analyzed the rates of insurance companies for a full coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible