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Auto insurance in Knoxville, Tennessee, is one of the cheapest in the United States. The average auto insurance in the city is less expensive than vehicle insurance premiums in most Tennessee and U.S. cities. Read on to discover how certain factors can affect auto insurance costs for Tennessee drivers.
Table of Contents
- Car Insurance: Knoxville Rates vs. State + National Averages
- Knoxville Auto Insurance Costs by Insurer
- Knoxville Auto Insurance Premiums by Driver Age
- Knoxville Car Insurance Premiums by Gender and Marital Status
- Average Knoxville Auto Insurance Rates After an Accident or Violation
- Knoxville Car Insurance Rates by Credit Tier
- Expensive Knoxville Zip Codes
- List of Insurance Companies in Knoxville
Car Insurance: Knoxville Rates vs. State + National Averages
According to The Zebra, the average annual cost of car insurance in Knoxville is $1547. Knoxville’s average insurance premium is $23 less than the Tennessee average and $1 cheaper than the national average.
Knoxville Auto Insurance Costs by Insurer
Although car insurance in Knoxville is cheap for most drivers, shop around with various insurance companies in Knoxville before choosing the insurer you’d like to work with. GEICO offers the cheapest auto insurance premiums in Knoxville, while Tennessee Farmers is the most expensive insurer.
Here are the best vehicle insurance companies and their average annual car insurance rates in Knoxville:
- GEICO: $834
- USAA: $980
- State Farm: $1037
- Erie: $1116
- Tennessee Farmers: $1270
Knoxville Auto Insurance Premiums by Driver Age
Teenage drivers pay the most expensive vehicle insurance premiums. Insurance fees for teenagers and 20-year-old drivers vary significantly. On average, Knoxville teenage drivers pay $4113 more than drivers in their 20s. Insurers increase the prices for teenagers because they are inexperienced drivers.
Fifty-year-old drivers pay the cheapest insurance fees in Knoxville, reports The Zebra. Usually, insurance companies reduce insurance costs as their policyholders get older. But insurance premiums rise again when the customer retires. Therefore, drivers in their 60s and 70s pay more for their car insurance than 50-year-olds.
The average annual insurance premiums for different age groups in Knoxville include:
- Teenage drivers: $6217
- 20-year-olds: $2105
- 30-year-olds: $1504
- 40-year-olds: $1344
- 50-year-olds: $1267
- 60-year-olds: $1291
Knoxville Car Insurance Premiums by Gender and Marital Status
In Knoxville, vehicle insurance companies often consider your marital status and gender while quoting you for their services. Single drivers in Knoxville pay the highest car insurance premiums. The average married driver pays about $119 less than single policyholders. You might reduce your car insurance fees if you get married.
Data from The Zebra show married drivers often insure multiple drivers on a single insurance policy, which can result in discounts from most insurance companies. Also, married couples file fewer claims than divorced or single drivers. All these factors make married drivers less risky than other types of policyholders. Even divorcees and widows pay cheaper insurance premiums than single drivers.
Gender is another deciding factor for the cost of your vehicle insurance. Male drivers are likely to pay more expensive car insurance premiums than females. Men in Knoxville spend about $45 more on vehicle insurance than female drivers.
Here are the average annual insurance premiums according to gender and marital status:
- Female drivers: $1502
- Male drivers: $1547
- Single drivers: $1428
- Married drivers:$1428
- Divorcees: $1551
- Widows and widowers: $1507
Average Knoxville Auto Insurance Rates After an Accident or Violation
Keeping an excellent driving record is one of the best ways to reduce your vehicle insurance premium. Insurers tend to charge high insurance costs to drivers who have accidents or violations on their driving histories. Reckless driving and DUIs attract the most expensive spikes in insurance rates. Knoxville insurers increase the coverage fees of drivers with careless driving histories by about $844 yearly. DUI offenses attract an average insurance rate increase of $733.
If your driving record is poor, insure your vehicle with companies such as American Family Insurance, State Farm, or USAA. These three companies charge the cheapest insurance premiums for high-risk drivers. The average annual insurance fees for Knoxville drivers with violations or accidents on their records are:
- Speeding ticket (16-20 mph): $1855
- Reckless driving: $2390
- DUI: $2280
- At-fault accident (damages less than $1000): $2044
- At-fault accident (damages over $1000): $2206
Knoxville Car Insurance Rates by Credit Tier
In Knoxville, your credit contributes to the cost of your vehicle insurance, says ValuePenguin. Drivers in the Very Poor (300-579) credit tier pay the most expensive auto insurance premiums. Your insurance company might reduce your coverage fees by 63 percent if you improve your credit score from Very Poor to Exceptional (800-850). Drivers who move to the Fair credit tier might also experience a reduction in insurance costs.
Check out the average yearly insurance costs for Knoxville drivers by credit tier, according to The Zebra data:
- Very Poor: $3392
- Fair: $1986
- Good: $1547
- Very Good: $1379
- Exceptional: $1241
Expensive Knoxville Zip Codes
The area where you live determines the cost of your car insurance. According to Consumer Affairs, insurance companies often request high premiums from drivers who live in areas with high crime rates. You might pay cheap insurance fees and get discounts if you live in a secure Knoxville neighborhood. In addition, installing anti-theft devices can lower your auto insurance costs. Always inform your vehicle insurance agent when you are taking precautions against theft to enjoy a price reduction or discount.
Drivers who live in areas with these zip codes often pay high annual auto insurance costs:
- 37917: $1836
- 37918: $1872
- 37919: $1836
- 37920: $1824
List of Insurance Companies in Knoxville
Some insurance companies that offer cheap car insurance policies are Allstate, Acceptance, Carr Insurance Group, Broadway, Direct Auto Insurance, and John Bailey Company.
Check this out if you need additional information, resources, or guidance on car insurance.
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