Are Auto Insurance Rates Increasing in Tennessee?

The Zebra
May 31, 2019

Personal experience has taught many drivers that insurance prices tend to rise each year. But rate hikes aren't always the prevailing trend, and rate changes can be isolated to specific regions.

Among the primary rating factors insurance companies use to set rates is location. The state, city, and ZIP code in which a car is stored and driven help decide auto insurance prices, which comes down state law and the differing levels of risk associated with insuring cars in various areas of the country.

Because auto insurance pricing is so multi-faceted, yearly rate trends vary widely by state. Car insurance prices might be rising each year in one state while they fall in an adjacent state.

See below trending auto insurance prices in Tennessee. If your policy isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's auto insurance comparison tool provides quotes based on your details — enter your ZIP below to get started.


Auto insurance pricing trends in Tennessee


In Tennessee, average yearly auto insurance premiums increased by $111 in the past year. A normal driver in Tennessee now pays an average premium of $1,427 per year.

The recent pricing trend in Tennessee points to more expensive car insurance rates. From 2015 to 2018, rates increased by $331 per year. At the same time, car insurance costs nationwide have increased steadily in recent years, climbing from $1,280 in 2015 to $1,470 in 2018.


ANNUAL INSURANCE RATE TRENDS IN TENNESSEE
YearAvg. Annual Premium — TennesseeYearly Change — TennesseeAvg. Annual Premium — USAYearly Change — USA
2018$1,427$111$1,470$32
2017$1,316$144$1,437$69
2016$1,172$76$1,368$88
2015$1,096$137$1,280$51
2014$959$55$1,229$34
2013$904$9$1,195-$80
2012$895-$62$1,276$82

If your rates are increasing faster than those in your state, consider shopping around for a better deal.


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How are auto insurance rates trending in major Tennessee cities?


Auto insurance rates depend on the driver's location, with myriad variables influencing the area's rates. That means drivers can see major differences in their car insurance rates, based solely on their ZIP code or city. For example, Memphis drivers endured a larger yearly rate increase (6.9%) than did drivers in Knoxville (6.4%) between 2018 and 2017.

See below annual rate changes in major Tennessee municipalities. If rates are rising in your city — and moving isn't a feasible option — you can get quotes in an effort to find a lower rate.


CityAvg. Rate Increase — 2018 vs. 2017
Memphis6.9%
Knoxville6.4%
Murfreesboro6.3%
Chattanooga6.2%
Clarksville6.2%

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