With annual auto insurance premiums averaging only $949, Tennessee is one of the lowest-cost states as far as car insurance is concerned. This annual average is far lower than the national average of $1,440.

Annual Changes

The average annual premium in Tennessee decreased by 27% in 2011. This follows a 14% decrease in car insurance premiums between 2009 and 2010. Monitoring rates and obtaining frequent quotes through this site is the best way for drivers to ensure that they are paying the lowest possible rates for auto insurance in Tennessee as future changes are difficult to predict. Auto insurance rates in Tennessee are set by insurers, and are not fixed in any way by the state or by the industry itself.

Seasonal Changes

In 2010, rates remained at roughly the same level until August when rates dropped sharply and then continued to fall in September. The increase shown in October was temporary, and rates fell somewhat again in November before stabilizing at the rate which is in effect in 2011. Changes in car insurance rates in Tennessee can be rapid and unpredictable, and checking rates with multiple insurers is the best way for drivers to make sure they are paying the lowest possible premiums.

Insurance Requirements

The minimum insurance requirements in Tennessee include bodily injury coverage of $25,000 per person with a $50,000 limit per accident, and the minimum property damage liability coverage is set at $15,000. Under the tort system in Maine, one party is judged responsible for all damages that result from an accident. Since the responsible party is then held liable for all costs, purchasing a policy that offers higher coverage limits is recommended in order to preserve assets in the event of a lawsuit.

Advice for Getting the Best Deals

Major national and regional insurers offer auto insurance policies in Tennessee. Since each company sets its rates according to its own formulas, no one company is known to offer the lowest rates on a consistent basis. Obtaining multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best is highly recommended. Consulting the J. D. Power consumer satisfaction ratings for each company is also advisable.

This site is the leading resource for drivers in Tennessee to get the lowest prices on their auto insurance coverage by monitoring rates and requesting multiple quotes on a regular basis.