A Complete Guide to Buying TN Auto Insurance

TN auto insurance is a requirement in the state to protect you and your vehicle against a variety of scenarios. If an uninsured driver was to hit you, if you caused a crash yourself, or even if you backed into a pole at the grocery store, these scenarios can end up being financially devastating if you do not have adequate protection.  Consider the following to ensure you have substantial Tennessee car insurance.

The Minimum Requirements

Tennessee requires vehicle owners to purchase auto coverage. This foundational protection takes care of injuries and damages that you are at fault for in a car accident. It also covers the legal defense if you are sued. However, it does not cover your own vehicle’s damage or your injuries.

You are required to purchase liability insurance coverage with at least:

  • $25,000 for bodily injury to one person
  • $50,000 for bodily injury to multiple people in one accident
  • $15,000 for damage to property in one accident

TN auto insurance requirements are minimal, but they are not necessarily sufficient when it comes to being fully protected. With assets such as a house or savings, the state minimum just won’t cut it. If you are in an accident that causes injuries and property damage that you are at fault for, the bills could quickly reach the maximum of your policy limits, and you will likely be held responsible for covering the remaining costs.

Coverage Where it Counts

Liability insurance covers many mishaps, but it does not protect your own vehicle. Consider the benefit of collision and compressive insurance. If someone crashes into you, you’re able to sue them for damages or use collision insurance to cover the repairs. Collision coverage can also help with other incidents such as backing into a pole or hitting a guardrail.

Comprehensive insurance will protect you from expenses associated with theft, vandalism, floods, hail, fire, falling objects, riots, and animal collisions. Generally, if you are leasing your car, you are required to obtain collision and comprehensive coverage.

If you get into an accident with someone who has inadequate car insurance to cover your medical expenses, you will need uninsured and underinsured motorist coverage. Uninsured motorist coverage kicks in for medical bills when someone without insurance crashes into you, and underinsured motorist (UIM) pays when the driver has some insurance, but it runs out.

For your car damage, you might consider purchasing uninsured motorist property damage. This will take care of the property damage when an uninsured driver crashes into your car or other property like your fence or garage.

Medical payments coverage handles medical expenses for car accidents, no matter who is at fault. This will help with hospital bills, copays, and deductibles for you and your passengers.

Factors Considered in Tennessee Car Insurance Rates

Insurers must use certain factors to determine your car insurance rates, such as your driving record, past claims, and vehicle model. In Tennessee, insurers can also use these factors:

  • Age
  • Credit
  • Education
  • Occupation
  • Gender
  • Marital status
  • ZIP code

Other Considerations

There are things to consider that are unique to the state. If you’re caught driving without insurance in Tennessee, you can be fined, have your driving privileges revoked, and have your vehicle registration suspended.

The state also permits the insurer to decide if the car is “totaled” when the damage goes beyond 75% of its fair market value.

The Tennessee Department of Commerce & Insurance is in charge of monitoring the state’s insurance companies and approving rates. You can reach out to them with questions and concerns, along with your insurer.

About Barnes Insurance Agency

At Barnes Insurance Agency, we specialize in vacation home rental insurance to ensure the protection of your property and assets. We strive to offer customizable solutions to meet your specific needs. For more information, contact us today at (866) 733-5424.

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