With busy cities like Nashville and Memphis and the Smoky Mountains in the eastern part of the state, having car insurance is not only practical, it is required. With CarInsuranceQuotes.com, saving money on car insurance in Tennessee has never been easier. CarInsuranceQuotes.com shops reputable online companies like esurance.com, Nationwide and Farmers’ Insurance Group to find the cheapest insurance quotes for our customers so they can make the best decision when purchasing auto insurance policies for their vehicles.
Tennessee Car Insurance Minimums
Like every other state in the country, Tennessee requires its motorists to maintain a minimum amount of liability to cover property damages and medical expenses for the other party if they are found to be at-fault in an accident. At the present time the minimum requirements for Tennesseans are set at 25/50/10. The first two numbers represent the minimum requirements for bodily injury protection and the third number represents the minimum requirement for property damage protection in thousands of dollars.
• Bodily Injury Liability- This type of coverage is intended to cover the medical expenses of the opposing party in an accident. If only the minimum amount of coverage is obtained, an insurance company will pay a maximum of $25,000 for a single person and a total of $50,000 for all persons for a single incident
• Property Damage Liability- Property damage is defined as damage to public property such as road signs or guard rails, private property such as a person’s home or a person’s vehicle. If the minimum coverage is obtained, the insurance company will allow for a maximum payout of $10,000 for a single incident.
As the costs of medical treatment and vehicle repairs rise each year, it is highly recommended that residents of The Volunteer State obtain greater than the minimum required liability insurance as well as Comprehensive and Collision coverage to pay for damages to their own vehicle if they are deemed to be at-fault in an accident or their vehicle is damaged as the result of an act of nature (i.e. thunderstorms, tree limbs) or by wildlife.
Even though the minimum insurance requirements are a state law in Tennessee, many residents of the state, as well as motorists from other states, fail to obtain adequate insurance coverage for their vehicles. Tennessee’s neighbor to the southeast, South Carolina, does not require any minimum insurance for its residents. Therefore the state of Tennessee also recommends that its residents obtain some type of Uninsured/Underinsured Motorist protection. UM protection helps pay for damages to the insured’s vehicle if the at-fault party fails to provide enough insurance coverage.
Though the average cost of insurance premiums for the state of Tennessee increased 2.6% from $1548 to $1588, they are still well below the national average of $1896. CarInsuranceQuotes.com knows how important it is for Tennessee to save money on care insurance and this is why CarInsuranceQuotes.com searches our partners for the lowest possible car insurance rates for our customers and gives them multiple quotes so they can make an informed decision as to which company suits their needs the best. And getting quotes is easy. After entering their Zip code and answering a few questions about their driving history, CarInsuranceQuotes.com will do the rest of the work for them. No searching and no waiting; just fast, free service.