How to find the best car insurance in Tennessee
The best car insurance in Tennessee will likely differ based on your preferences and unique circumstances. To find the best car insurance in Tennessee, you might start by considering minimum insurance requirements, lender needs (if applicable) and your own needs for coverage.
Consider minimum insurance requirements in Tennessee
Tennessee law requires drivers to obtain at least a minimum amount of liability car insurance. This coverage could provide a minimal level of financial protection if you cause a covered accident. In lieu of liability insurance, the Tennessee Department of Revenue will allow drivers to show proof of financial responsibility, which means making a cash deposit or posting a bond with the Department for $65,000.
Although state minimum liability levels are a legal requirement, they may not be enough to pay for the damages you could cause in an at-fault accident, leaving you with substantial potential out-of-pocket expenses. Most insurance professionals agree that purchasing higher liability limits is advisable, as it may provide more financial protection than minimum coverage.
Consider lender requirements
If you finance or lease your car, lenders often have requirements that are higher than the state minimums. Lenders usually require comprehensive and collision coverage, also known as full coverage, which may pay to repair or replace your car in a covered incident These lender requirements are in place to protect the lender until you pay the loan or lease agreement in full.
Consider your individual needs
Tennessee is vulnerable to natural disasters, such as tornadoes and other severe weather events, including hailstorms and floods, which may make purchasing comprehensive insurance something to consider. Other common endorsements that may fit your needs include gap insurance for vehicles with a loan or lease and rental car reimbursement coverage for those with access to only one car.
According to the Insurance Information Institute, Tennessee had the third-highest percentage of uninsured motorists in the U.S. in 2019, with nearly 24 percent of all drivers estimated to be uninsured. To protect yourself from the financial consequences of being in an accident with an uninsured or underinsured motorist, you may want to consider purchasing uninsured and underinsured motorist coverage.