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Cheapest car insurance in Tennessee for 2023

Updated Feb 02, 2023
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The cheapest car insurance companies in Tennessee

Finding cheap car insurance in Tennessee may help you manage your budget and your overall finances. Our findings indicate that the following companies offer the cheapest car insurance in Tennessee, on average, across a range of driving metrics.

Cheapest company for minimum coverage

Average monthly minimum coverage premium Average annual minimum coverage premium
Grange $17 $199

Cheapest company for full coverage

Average monthly full coverage premium Average annual full coverage premium
State Farm $72 $901

Cheapest company for adding a teen driver

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $42 $500

Cheapest company for getting a speeding ticket

Average monthly minimum coverage premium Average annual minimum coverage premium
Geico $17 $208

Cheapest company for being in an at-fault accident

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $21 $256

Cheapest company for drivers with a high-risk incident

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $25 $301

The cheapest car insurance companies in Tennessee by coverage level 

When shopping for cheap car insurance, Tennessee drivers may want to consider how much coverage they need. While minimum coverage tends to be cheaper, it may leave you open to higher out-of-pocket expenses if you get into an accident. Full coverage usually costs more, but it provides greater financial protection. The tables below highlight five of the most affordable car insurance companies in Tennessee for both minimum coverage and full coverage.

Grange
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
Average monthly minimum coverage premium
$17
Average annual minimum coverage premium
$199
Annual savings vs. State average*
- $172
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$17
Average annual minimum coverage premium
$204
Annual savings vs. State average*
- $167
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$17
Average annual minimum coverage premium
$208
Annual savings vs. State average*
- $163
Tennessee Farmers Mutual
Average monthly minimum coverage premium
$24
Average annual minimum coverage premium
$285
Annual savings vs. State average*
- $86
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly minimum coverage premium
$25
Average annual minimum coverage premium
$295
Annual savings vs. State average*
- $76
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with minimum coverage for 2023

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$75
Average annual full coverage premium
$901
Annual savings vs. State average*
- $528
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$86
Average annual full coverage premium
$1,035
Annual savings vs. State average*
- $394
Grange
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
Average monthly full coverage premium
$89
Average annual full coverage premium
$1,071
Annual savings vs. State average*
- $358
Travelers
Rating: 4 stars out of 5
4.0
Bankrate Score
Info
Average monthly full coverage premium
$97
Average annual full coverage premium
$1,166
Annual savings vs. State average*
- $263
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly full coverage premium
$99
Average annual full coverage premium
$1,188
Annual savings vs. State average*
- $241
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with full coverage for 2023

Cheapest cities in Tennessee for car insurance 

When shopping for cheap insurance, Tennessee drivers should be aware that their geographic location plays a significant role in their car insurance premium. Some areas of Tennessee may have lower costs of living, which could translate to lower claims costs and thus lower rates. Additionally, the risk of accidents is higher in some areas, which could increase rates. Below, we showcase the five cheapest cities in Tennessee for both minimum and full coverage, as well as the cheapest company and its average rate in those cities.

City City average annual minimum coverage premium Cheapest car insurance company Company average annual minimum coverage premium
Collinwood $312 State Farm $141
Buffalo Valley $312 State Farm $157
Iron City $313 Grange $140
Clifton $313 State Farm $139
Cypress Inn $314 Grange $142
City City average annual full coverage premium Cheapest car insurance company Company average annual full coverage premium
Gladeville $1,330 State Farm $864
Watertown $1,331 State Farm $878
Baxter $1,333 State Farm $781
Westmoreland $1,333 State Farm $794
Murfreesboro $1,333 State Farm $864

Factors that impact cheap rates in Tennessee

Understanding the factors that impact your insurance costs may help you in your search for low-cost car insurance in Tennessee. “Cheap” is a relative term; cheap rates for one driver may not be cheap for another for a variety of reasons.

Insuring a teen driver

Adding a teen driver to your car insurance is one of the most potentially impactful premium events. Being relatively inexperienced on the road means that teens are more likely to get into accidents, which causes insurers to increase rates to compensate for the risk. However, it may be possible to find cheap Tennessee car insurance with a teen on your policy, and shopping around to compare car insurance rates is often one of the best strategies.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $500 $1,869
Grange $610 $2,441
Travelers $677 $2,365
Chubb $688 $2,828
Nationwide $698 $1,966

Getting a speeding ticket

A speeding ticket conviction in Tennessee is likely to increase the cost of your car insurance for three to five years after your conviction date, although each company has its own guidelines. Like other car insurance rates, though, rates with a speeding ticket applied vary between carriers. When shopping for cheap auto insurance, Tennessee drivers with a speeding ticket could benefit from comparing rates.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Geico $208 $1,035
State Farm $227 $999
Tennessee Farmers Mutual $285 $1,203
Grange $296 $1,611
Erie $336 $1,394

Getting into an at-fault accident

Car insurance rates after an accident, even in a cheaper-than-average state like Tennessee, tend to increase. Getting into an accident may indicate to insurers that you could be more likely to get into more accidents, and thus file more claims. Bankrate’s research found that the following five companies are among the cheapest in Tennessee after an accident.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $256 $1,097
Grange $273 $1,436
Tennessee Farmers Mutual $285 $1,203
Geico $377 $1,843
Erie $393 $1,575

Cheapest car insurance after a high-risk incident

Being deemed a high-risk driver may make it more difficult to find cheap insurance in Florida. High-risk drivers may include those with multiple speeding tickets, at-fault accidents or a DUI on their record. It’s likely not impossible to find cheaper rates following a high-risk incident, but it may require diligence to find adequate coverage and an affordable premium. The table below demonstrates the average premiums offered by some of the major carriers in Florida for those with a DUI. However, please note that not all companies will offer a policy to all drivers with a DUI on their record, so please contact the company directly for more information.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Geico $1,200 $3,684
State Farm $1,512 $3,449
National General $1,599 $4,979
Progressive $1,708 $3,910
Allstate $2,344 $5,018

Being deemed a high-risk driver

While the definition of a high-risk driver varies between companies, it may include having multiple tickets or accidents on your record or a combination of the two. Additionally, major violations like reckless driving and DUI convictions could result in you being deemed a high-risk driver. If you have a DUI conviction and you’re looking for the best car insurance in Tennessee, you may want to shop around to compare rates, coverage offerings, discounts and third-party ratings. Based on our research, the companies below are some of the cheapest for Tennessee drivers with a DUI conviction, but keep in mind that not all companies will agree to extend coverage to drivers with DUIs. If you want to know if you qualify for coverage from these companies, contact them for a quote.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $301 $1,257
Grange $340 $1,898
Progressive $380 $1,859
Travelers $440 $1,710
Tennessee Farmers Mutual $448 $1,916

Minimum coverage requirements for Tennessee drivers

Tennessee’s required minimum coverage limits are fairly standard compared to the rest of the country. However, you should be aware that as of January 1, 2023, Tennessee increased its property damage minimum limit from $15,000 to $25,000. Tennessee car insurance laws now require drivers to carry at least the following minimum limits:

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

Insurance professionals typically recommend that drivers purchase more liability than this, and for good reason. Minimum limits may result in cheaper premiums, but they could leave you with higher out-of-pocket costs if you get into an accident. Any damages or injuries you cause that exceed your policy’s liability limits will be your responsibility to pay. These costs can lead to financial devastation, so understanding how much car insurance you need may be an important step in crafting a policy with adequate protection.

How to get the cheapest car insurance in Tennessee

While there are some car insurance rating factors that are outside of your control, there are steps you can take to help find the lowest rate for your situation. If you’re wondering how to save on car insurance in Tennessee, these strategies may help you in your search.

Compare quotes from multiple carriers 

If you want to save on car insurance in Tennessee, most insurance professionals recommend getting multiple quotes before buying a policy. Shopping around may be one of the best strategies to find a competitive car insurance rate. Each insurer sets its own rates, so your premium will likely vary between companies, even for the same coverage.

Maintain a clean driving record 

Driving incidents like tickets, at-fault accidents and DUI convictions are very likely to increase your premium. These incidents may make you more likely to file claims, which costs insurers money. To compensate for the added risk, you’re typically charged a higher rate. Practicing safe driving habits may help keep your rate steady in the long run.

Car insurance discounts in Tennessee

Car insurance discounts are one of the most popular ways to save on your Tennessee car insurance. Most major car insurance companies offer at least a few discounts, and taking advantage of as many as you qualify for might help lower your premium. Here are some common ways to save on car insurance in Tennessee:

  • Young driver discounts: If you have young drivers on your policy, or if you are a young driver yourself, you may want to take advantage of savings such as good student discounts, driver training discounts and student at school discounts.
  • Safe driver discounts: Driving safely may help keep your base rate down, but some companies offer additional discounts if you haven’t had an at-fault accident or ticket in a certain number of years.
  • Other discounts: Additional discounts, such as for paying your premium in full, signing up for paperless statements, and bundling your auto and home insurance, may help you save even more.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually. 

These are sample rates and should only be used for comparative purposes.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Insurance Editor