How much is car insurance per month in Tennessee?

How much is car insurance in Tennessee per month? In Tennessee, the average cost of car insurance is $1,338 for a full coverage policy and $371 for a minimum coverage policy. That means on average, you would pay about $111 per month for full coverage and around $40 per month for minimum coverage.

How much does auto insurance cost in Tennessee?

Auto insurance is relatively cheap in Tennessee. The average auto insurance rate in Tennessee is $1,315 annually — 7.9% less than the national average. Your car insurance rates are impacted by factors aside from the state in which you live.

Does Tennessee have high car insurance rates?

In Tennessee, our study data shows that 25-year-old male drivers have the highest average rate across the major auto insurance companies, at $1,431; 25-year-old women pay the second highest rate, on average, $1,337.

How much should I expect car insurance to cost?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

Can you go to jail for not having car insurance in Tennessee?

If you are unable to provide your insurance to the officer, you may face fines, jail time and license or registration suspensions. Additionally, you may be required to have an SR-22 form on file with the DMV for several years after your accident to prove that you are carrying car insurance.

How much is full coverage car insurance in TN?

In Tennessee, you can expect to pay approximately $1,345 per year for full coverage car insurance or $426 per year for minimum coverage. Car insurance in Tennessee is less expensive than the national average, which is around $1,500 annually for full coverage and about $600 per year for minimum coverage.

How much is a car payment per month?

The average monthly car payment is $577 for new cars and $413 for used. Several factors determine your payment. The average monthly car loan payment in the U.S. was $577 for new vehicles and $413 for used ones originated in the first quarter of 2021, according to credit reporting agency Experian.

Is it better to pay yearly or monthly?

Paying your insurance premiums annually is almost always the least expensive option. Many companies give you a discount for paying in full because it costs more for the insurance company if a policyholder pays their premiums monthly since that requires manual processing each month to keep the policy active.

Is driving uninsured illegal?

According to the New South Wales Roads and Maritime Services website, in NSW you’ll risk a $607 fine for driving a vehicle that’s unregistered and a $530 fine for driving a vehicle that’s uninsured.

What is the cheapest car insurance in TN?

Travelers was the cheapest auto insurance provider we found for good drivers with unblemished credit in Tennessee. Its average rate was $82 per month, and only $5 per year less expensive than Tennessee Farm Bureau , the second-cheapest, on average.

What car insurance companies are there?

Updated March 15, 2019. The top auto insurance companies for car insurance in the United States include some well-known names like Progressive, Nationwide, Liberty Mutual, GEICO, Farmers, State Farm, and Allstate among many other regional favorites.

What is auto insurance?

Auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.