In Knoxville, the average annual car insurance cost is $801, which is $217 lower than the state average. MoneyGeek rated various insurance companies based on coverage levels and driver profiles. The cheapest widely available insurer is GEICO, at $623 per year on average. MoneyGeek also recommends the best insurers in Knoxville to help drivers find affordable, high-quality service.
Compare the Cheapest Car Insurance Quotes in Knoxville, TN
The Cheapest and Best Car Insurance in Knoxville
The Cheapest Car Insurance Companies in Knoxville
The two most affordable companies for a full coverage car insurance policy in Knoxville are:
- USAA: $572 annually (only serving current and former military members)
- GEICO: $623 annually
To find the cheapest insurance companies in Knoxville, MoneyGeek used a 40-year-old male driver's profile with a full coverage policy, including liability insurance and comprehensive and collision coverage.
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Average Cost of Car Insurance in Knoxville
An average driver living in Knoxville pays $801 annually for car insurance. However, rates may be higher or lower based on factors such as the driver’s age, miles driven per year and coverage level. The city’s average car insurance rate is 21.3% lower than the state average annual premium and nearly 50% lower than the United States’ average yearly premium of $1,424.
The Best Car Insurance Companies in Knoxville
MoneyGeek used a unique scoring system to rank the best insurance providers in Knoxville and help drivers looking for a balance of affordability and quality service. The best two insurance providers for most drivers are:
- Erie: MoneyGeek score of 93 out of 100
- Auto-owners: MoneyGeek score of 90 out of 100
USAA received the highest score in Knoxville by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek calculated scores out of 100 using data from J.D. Power's customer loyalty, financial strength and affordability ratings, among other criteria.
Personalized Quotes to Get You the Cheapest Car Insurance in Knoxville
In Knoxville, car insurance providers base their annual premiums on factors such as the driver’s age, ZIP code, credit score and marital status. How your circumstances change based on these factors affects the cost of your auto insurance policy. The best way to find the cheapest rates and increase your chances of getting discounts and rebates is by comparing personalized quotes from different providers.
Shopping around for car insurance in Knoxville could save you $178, which is enough to buy:
Cheapest Car Insurance in Knoxville by Coverage Amount
In Knoxville and elsewhere, the amount of coverage you purchase is one of the main factors influencing the insurance costs. An insurance policy meeting the state minimums and covering bodily injuries and property damage in Knoxville will cost an average of $387 yearly. In contrast, a full coverage policy with higher liability limits typically costs more than twice as much.
Tennessee Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.
When looking for the best insurance rates in Knoxville, you will need to choose from various levels of coverage. The most affordable car insurance option is the state minimum liability plan, which costs $296 annually from GEICO.
A 50/100/50 liability only plan from the same company costs an average of $339, while a 50/100/50 full coverage plan costs $581 on average. Both plans allow you to claim $50,000 worth of medical bills per person, $100,000 per vehicle and $50,000 for property damage. However, the liability only plan excludes coverage for personal injuries and damages.
A 100/300/100 full coverage plan offers higher limits than the 50/100/50 full coverage plan. If only a small difference exists between the two plans, the 100/300/100 coverage is a better option. For example, Erie charges $631 for the 50/100/50 full coverage plan and only $42 more for the 100/300/100 full coverage plan.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Knoxville if You Have Driving Violations
Maintaining a clean driving record in Knoxville can help keep your car insurance rates low. Violations such as speeding tickets, driving under the influence (DUI) and at-fault accidents can increase insurance rates dramatically.
On average, a driver with no violations pays $676 per year for car insurance. However, if you have a DUI or speeding ticket, the rate increases by about $62. An at-fault accident can increase your premium by about $125.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 5.Tennessee Farmers$823$823$1,307
Average Cost of Car Insurance by Postal Code
Where you live can impact the cost of your car insurance. Drivers who live in the 37918 ZIP code — the least expensive — pay $795 on average for auto insurance. Drivers in the most expensive ZIP code — 37920 — pay $11 more per year, for a total of $806.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Knoxville
In addition to individual driver needs and history, location-specific factors like the rate of fatal accidents and the percentage of uninsured motorists also contribute to car insurance rates in Knoxville. How Knoxville ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Knoxville are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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