UPDATED: Mar 13, 2020
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Cheap Car Insurance in Knoxville, TN
Are you in need of cheap auto insurance in Knoxville, TN? From AutoInsuranceEZ.com, you could find the best insurance premiums in your city. In order to obtain free car insurance quotes available from the leading providers right now, type in your local zipcode within the quote box here on this page.
Knoxville, Tennessee serves as the “Gateway to the Smokies” and boasts a status of one of the state’s “most livable” cities. With a strong economic outlook, mild climate, low cost of living, and a thriving culture, Knoxville attracts residents, tourists, and businesses alike.
- Fun fact: Hey, can I borrow your notes? Because Knoxville is #63 on the list of “Top 100 cities with highest percentage of college students (pop. 50,000+)”. Learn more about Knoxville by clicking here.
Auto Insurance Coverage Requirements in Tennessee
Driving legally in Knoxville requires:
|Bodily Injury Liability||25,000/50,000||100,000/300,000|
|Property Damage Liability||15,000||50,000|
|Uninsured Motorist Bodily Injury||Not required||100,000/300,000|
|Medical Payments||Not required||2,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||100 deductible|
Think Liability coverage is all you need? Well, you might want to think again. Liability coverage won’t pay a dime in many situations, such as being the victim of a hit-and-run, getting your vehicle stolen, or suffering damage from severe weather. You could be 100% responsible for those costs if all you’re carrying is Liability coverage.
Your typical Knoxville resident might be riding around with a monthly $116 burden just to stay legally covered, which is the state average for Tennessee auto insurance. But right now, you can lower that to $34/mo*! Let us show you how to take advantage of deals in your area.
If you’re thinking about making a switch based on price alone, then you’ll want to look into companies like Erie or Nationwide. Just remember that there are other important factors, such as customer service and discount availability, which might make a lower premium less attractive if the other parts of their business aren’t in order.
Companies which provide auto insurance plans evaluate different elements while calculating insurance quotes, among them driving experience, geography, your credit history, education, and current insurance coverage and limits. Moreover, premiums differ from business to business. To make sure that you’re still paying the most affordable fee, review cheap Knoxville auto insurance premiums online.
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Major Car Insurance Factors in Knoxville
Once your car insurance company sits down to build your plan, they take quite a few factors into consideration. Some of these, such as your real age or perhaps your particular address, are extremely hard to change. Some additional elements are:
Your Zip Code
The place you store your car each night will probably have a significant influence on your auto insurance rate. Generally, car insurance is cheaper in non-urban locations merely because a lower number of cars indicates a smaller possibility that you’re going to get in a collision with another vehicle. The populace of Knoxville is 183,270 and the typical family earnings are $35,254.
Even though Knoxville has a high population, the equally high rate of fatal accidents is still going to inflate auto insurance premiums in your area. But if you have a fairly clean driving record, you can inquire about Safe Driver discounts.
Auto Thefts in Knoxville
Residing in a big city (especially any having a substantial rate of crime) can increase your risk of being a victim for auto thieves. Should your regular location have high statistics of auto theft claims filed, you are likely to pay much more for car insurance to counteract these prices. The actual total number of thieved motor vehicles in 2013 dropped to 739 for Knoxville. But the per capita rate of theft is still high enough to make sure that you’re protected with Comprehensive coverage.
Your Credit Score
Having poor credit will make many aspects of your life more difficult and expensive than they probably should be – and automotive insurance is one of those things. With poor credit, you can expect nearly a 300% increase in premium costs. But there are providers out there which cater to your needs, such as Allstate.
And if you think poor credit will raise your rates, the truth is that a poor credit score can’t even hold a candle to how much more you can expect to pay for being a college-age student, or worse – a teenager. Try to make sure you get good grades and take a driver’s education course, because there are discounts available for those.
Your Driving Record
Insurance companies calculate your rate based on their financial risk. If you have violations on your driving record, the more likely they will have to pay for repairs or to replace your vehicle after a future accident. However, some companies are offering “accident forgiveness” discounts for those motorists who have a minor blemish or two on their record.
Whether you are legally required to or not, it’s a good idea to purchase as much insurance coverage as you will need to protect your vehicle in every possible scenario. Therefore, the more it would cost to repair or replace your vehicle, the more coverage you will need to buy – and the higher your premiums will be as a result.
Minor Car Insurance Factors in Knoxville
The following factors may also influence your monthly insurance bill:
Your Marital Status
Married couples get lots of financial perks, and insurance bundling is one of them. Although single drivers can bundle various insurance policies together for savings too, married couples will get the most out of it, because there is more of everything to bundle!
Insurance companies like hard, raw data. And with regard to gender and driving, there is very little scientific data which definitively says one gender should be charged more than the other based on proven risk. This is why many companies are phasing out the practice of calculating rates based on gender.
Your Driving Distance to Work
Commute times on Knoxville aren’t too bad, with average trips lasting between 15 and 23 minutes. The vast majority of people behind the wheel are driving alone (79%), while around 3-18% are carpooling. Less than 4% walk.
If you think driving fewer miles annually will save you money on your premiums, you’re correct – but only to an extent. In order to get even a 3-5% discount, you’d have to drive at least 5,000 fewer miles than you did the previous year. That’s at least 14 miles each day, just for a minor rate reduction.
Your Coverage and Deductibles
If you want a lower monthly premium, you can try raising your deductible. Just put a little money aside, in case the worst happens. Because if you raise your deductible and then find yourself in need of filing a claim, you will have to pony up that cash before your vehicle gets fixed or replaced.
Education in Knoxville, TN
Just a little over 28% of Knoxville residents have managed to successfully earn a high school diploma. Similarly, 21% of the population has not yet made their way through all of their high school education. But going back to school or continuing your education after you graduate can yield serious benefits in the long run – and one of those is cheaper auto insurance rates.
There are four major universities in Knoxville for those looking to take their education to new heights. The University of Tennessee at Knoxville is both the largest and the only one of the four which is also a public school. Johnson Bible College and Knoxville College are highly reputable private institutions. There is also the Pellissippi State Technical College for university preparation and two-year degrees.
You should not enable a bad auto insurance provider to persuade you into buying an auto insurance policy that’s not right for you. Yes, the quantity of data needed in order to determine your own personal risk profile can be overpowering, but comparison internet sites such as this may also help make things quicker. Just enter in a few details below, and just we’ll do the rest.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
Compare rates today and save lots on your following insurance bill.