How much is insurance in the Volunteer State?
With a population of over 6.8 million, Tennessee is the 16th most populated state in the country and features over 203,474 miles of road. There are many factors that go into calculating the rate you pay for car insurance. Below is a breakdown of how much drivers in Tennessee pay for coverage based on different factors. To learn more about insurance requirements in Tennessee, check out Tennessee Car Insurance.
Typically car insurance companies will charge more for younger drivers and provide discounted rates for older drivers. Insurance carriers see young drivers as inexperienced and have a greater risk of getting in accident. In Tennessee, the typical teen driver between the age of 16 and 19 will pay $192.52 per month while a driver in their 40s will pay an average of $87.71 per month.
|Age||Avg monthly rate|
|16 - 20||$192.52|
Married couples in Tennessee typically pay more for their car insurance than drivers who are single. This likely due to the simple fact that there is more than 1 driver on the policy. Married couples also will usually have more than one vehicle and could possibly have some teen drivers on the policy as well. In Tennessee, Married couple typically pay around $97.32 per month while single drivers average in around $211.82 per month.
|Marital Status||Avg monthly rate|
Many factors go into the rate you pay for car insurance. Your age, location, and vehicle are all part of the equation. Insurance companies also take your credit score into consideration. In Tennessee, drivers with excellent credit pay an average of $99.88 per month compared to drivers with poor credit who typically will pay $156.70 per month.
|Credit Rating||Avg monthly rate|
Drivers with a good driving history typically will pay less for auto insurance than someone that had a DUI, speeding tickets, or an accident. Car insurance companies see drivers with a bad driving history has being a bigger risk. Drivers in Tennessee with a good driving history usually pay around $90.01 per month. Drivers with a bad driving history that may include tickets, DUI, or accidents will typically pay $150.09 per month.
|Safe Driver (No prior tickets, DUI, or accidents)||Avg monthly rate|
|High Risk Drivers||$150.09|
Insurance companies will also take homeownership into account when factoring the rate you pay for insurance. In Tennessee, drivers who own their home will usually pay around $54.92 per month while drivers who rent usually average in around $97.21.
|Homeownership||Avg monthly rate|
More often than not, drivers who currently have car insurance coverage will receive a cheaper monthly rate than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Tennessee, the average monthly rate for a driver who is currently insured is $87.46 while drivers who not currently covered will pay around $126.64
|Coverage||Avg monthly rate|
|Not Currently Insured||$126.64|
|Not Currently Insured||$87.46|
Car insurance companies will also look at your education level. Although not usually a significant factor, your education can effect your monthly rate for auto insurance. In Tennessee, a driver with a High School Diploma will typically pay $153.16 per month vs. someone with a Bachelors Degree who will be charged around $143.87 per month.
|Education||Avg monthly rate|
|High School Diploma||$153.16|
|Less than High School||$143.87|
|Some or No High School||$66.50|
Liability only coverage is typically cheaper and covers the cost of damage you may cause to other people or vehicles. Full coverage includes comprehensive and collision insurance, possibly PIP and UM/UMPD, which would cover you, your vehicle and passengers if you had an accident, regardless of fault. In (State) the average rate for liability only coverage is around $79.08 per month compared to Full coverage which will cost you about $96.44 per month.
|Coverage||Avg monthly rate|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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