Cheapest car insurance companies in Knoxville
According to a study by Insurance.com, the cheapest car insurance companies in Knoxville for 2023 are Tennessee Farmers and Travelers.
Tennessee Farmers is the cheapest option for most Knoxville drivers, with an average annual rate of $1,288 .
When it comes to car insurance costs in Knoxville, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy.
| Companies | Average annual rates |
|---|---|
| USAA | $1,198 |
| Tennessee Farmers | $1,288 |
| Travelers | $1,426 |
| Nationwide | $1,427 |
| Progressive | $1,439 |
| Geico | $1,457 |
| Erie Insurance | $1,468 |
| Farmers | $1,517 |
| State Farm | $1,630 |
| Allstate | $2,953 |
Cheapest car insurance cost in Knoxville by Age Group
Erie Insurance is the cheapest option for car insurance in Knoxville for teen drivers, with average annual premiums at just $3,652 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in Knoxville, offering full coverage at an annual average cost of $1,943.
An analysis of car insurance rates for Knoxville drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,219 per year.
Tennessee Farmers is the cheapest option for senior drivers in Knoxville, with an average premium of $1,201 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Erie Insurance | $3,652 | $2,414 | $1,488 | $1,507 |
| Tennessee Farmers | $3,909 | $2,464 | $1,305 | $1,201 |
| Travelers | $4,457 | $2,217 | $1,453 | $1,443 |
| USAA | $4,620 | $1,943 | $1,219 | $1,209 |
| Geico | $4,889 | $2,402 | $1,507 | $1,486 |
| State Farm | $5,044 | $2,845 | $1,647 | $1,595 |
| Nationwide | $5,904 | $2,529 | $1,396 | $1,438 |
| Progressive | $6,846 | $2,409 | $1,465 | $1,596 |
| Farmers | $6,998 | $2,038 | $1,446 | $1,510 |
| Allstate | $10,090 | $4,704 | $2,931 | $3,045 |
Cheapest car insurance companies in Knoxville by driver profile
Insurers in Knoxville consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
To find the cheapest car insurance company in Knoxville, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.
Here's a list of car insurance companies that offer cheap insurance rates in Knoxville based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Knoxville drivers at about $1,343 per year.
Drivers with poor or bad credit scores in Knoxville can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Geico | $1,343 |
| Nationwide | $1,436 |
| USAA | $1,697 |
| Farmers | $1,908 |
| Travelers | $2,193 |
| Progressive | $3,318 |
| Allstate | $3,319 |
| State Farm | $5,633 |
Cheapest for drivers with a speeding ticket: State Farm
In Knoxville, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $960, on average.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $960 |
| USAA | $1,123 |
| Nationwide | $1,465 |
| Geico | $1,570 |
| Farmers | $1,728 |
| Travelers | $1,819 |
| Allstate | $2,255 |
| Progressive | $2,631 |
Cheapest auto insurance after an at-fault accident: State Farm
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Knoxville drivers with at-fault accidents. It provides coverage at an average annual cost of $1,041.
| Company | Average annual rates |
|---|---|
| State Farm | $1,041 |
| USAA | $1,572 |
| Nationwide | $1,710 |
| Travelers | $1,851 |
| Geico | $1,869 |
| Farmers | $2,026 |
| Allstate | $3,053 |
| Progressive | $3,501 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Knoxville drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $960, on average.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| State Farm | $960 |
| USAA | $1,858 |
| Geico | $1,952 |
| Farmers | $2,095 |
| Travelers | $2,242 |
| Nationwide | $2,286 |
| Progressive | $2,949 |
| Allstate | $3,343 |
Average car insurance cost in Knoxville
Full coverage car insurance in Knoxville for a coverage limit of 100/300/100 is $1,580 per year or $132 per month, while the state minimum coverage costs an average of $462 a year.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,580 | $462 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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