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How much is car insurance in Knoxville?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in Knoxville are about the same as what you would pay anywhere else in Tennessee.
Car insurance rates in Knoxville are more affordable than the national average. It's about $27 cheaper than the national average to insure your vehicle in Knoxville.
While these are the average car insurance rates for Knoxville, keep in mind that you could end up paying a different amount. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. Variables like age, gender, vehicle make and model, driving record, and even credit score(depending on your area) can all be taken into consideration when determining the bill you'll see each month.
Don't sweat it however, we've broken down the average rate for Knoxville residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP code below to learn more about rates in your area!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
More time behind the wheel makes you a more experienced driver. That experience can lead to some serious savings when it comes to auto insurance premiums. In this case, 18-24-year-olds pay almost two times as much as drivers 65 and older.
You can expect to see your monthly premium drop about once a decade or so. Having said that, once you approach retirement age your rates may begin to climb back up.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. In Knoxville, although women do pay slightly less on their monthly insurance rates, the cost is about the same for either group.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can vary wildly depending on your driving record. A clean driving record will obviously get you a lower rate than one with accidents or infractions. Drivers in Knoxville with a single accident will pay around $73 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $77.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$38|
|15 Years or Older||$50|
If you look at the first table above, the cheapest vehicles to insure in Knoxville are usually trucks and vans.
The policies for car owners average around $54, while SUV owners typically see rates of around $47 to insure each month.
Truck and van drivers, however, typically pay around $45.
You can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your rates begin to drop back down. In Knoxville, however, the most expensive vehicles to insure are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$56|
On average, those who have settled down into marriage will pay less for their car insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.
In Knoxville, this trend plays out with married drivers saving about $12 a month compared to those who are single.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$80|
Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment in Knoxville, expect to pay around $5 a month more than if you . But if you live with your parents, you can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in Knoxville, TN
Recent trends in car insurance for Knoxville drivers
Average rates are constantly changing, so it's a good idea to know the direction your area is trending when selecting an auto insurance policy.
The rates for auto insurance in Knoxville had been increasing from 2016-2017, before steadying out in 2018. They finished down in 2021, at $48 per month
How does Knoxville compare to neighboring areas?
Why are car insurance rates in Knoxville different from other areas?
When considering how much to charge for coverage, car insurance companies will review many factors. While we mentioned the factors that affect your personal policy, others are based around where you call home. These include things like:
- Rate of car accidents
- Amount of off-street parking
- Total number of drivers in the region
- Community laws
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Knoxville?
Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Good news! Compare.com has you covered. Put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies offering auto coverage in Knoxville in no time.
Knoxville Insurance FAQs
What factors affect car insurance quotes in Knoxville?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Knoxville different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Knoxville?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Knoxville?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Knoxville or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.