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How much is car insurance in Oak Ridge?
|Area||Average Monthly Car Insurance Premium|
Based on the chart above, you can see that car insurance rates in Oak Ridge are in line with rates across the rest of Tennessee.
If you're thinking of moving to Oak Ridge from out of state, you may still be in luck. You can expect to pay about $31 below the national average for auto insurance in Oak Ridge.
Although these are the average rates for auto insurance in Oak Ridge, it's important to remember that you could end up paying something different. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in your policy's monthly price.
We've analyzed the average rate for Oak Ridge and broken down the different factors to help you understand what your policy's monthly premium will be. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The more time you have behind the wheel, the more experienced of a driver you should be. That experience can turn into some real savings when it comes to auto insurance rates. As you can see, 18-24-year-olds pay a lot more than someone who is retirement aged.
For every 10 years, you can expect to see a decrease in your monthly premium. Having said that, once you approach retirement your rates may creep back up in Oak Ridge.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. In Oak Ridge, however, the difference in monthly rates for auto insurance is minimal.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. In Oak Ridge, having a single accident on your record will usually get you rates around $46 a month. Similarly, drivers with one ticket will typically pay around $44 on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$60|
|15 Years or Older||$44|
If you look at the first table above, the cheapest vehicles to insure in Oak Ridge are usually trucks and vans, at $48 per month.
Car owners will see a monthly bill of about $50, while SUV owners by and large pay around $51 a month.
Your vehicle's age also plays a role in your monthly payment. Newer vehicles are generally going to be the most expensive to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Oak Ridge, the most expensive vehicles to insure are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$53|
On a national scale, single drivers typically pay more than married couples do for auto insurance. Oak Ridge is no exception, with the difference totaling to around $19 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$56|
Another factor that comes into play is your living situation. Renters can expect to pay around $2 a month less than drivers who own property in Oak Ridge. But if you live with your parents, your rates will be significantly higher.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance premiums.
Car Insurance Companies in Oak Ridge, TN
Recent trends in car insurance for Oak Ridge drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when selecting an auto insurance policy.
The cost of insurance in Oak Ridge had been decreasing from 2017-2018, when it reached a low of $43. This trend leveled out in 2021, when it began to increase, and has continued on that road through the present, where insurance rates hit a high of $65 per month.
How does Oak Ridge compare to neighboring areas?
Why are car insurance rates in Oak Ridge different from other areas?
There are numerous factors car insurance companies take into consideration when figuring out how much to charge for a monthly rate. The price of your insurance policy will depend largely on your home address and will be influenced by things such as:
- Off-street parking access
- Prevalence of crime
- Rate of car accidents
- Community laws
- Total drivers
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. With the knowledge 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 Oak Ridge?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com can handle all of this for you. Just put in your ZIP Code below, answer a few questions on you and your vehicle, and you'll be quickly comparing the cheapest quotes from a bulk of the car insurance companies providing auto coverage in Oak Ridge.
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Oak Ridge Insurance FAQs
What factors affect car insurance quotes in Oak Ridge?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, credit score, address, and marital status.
Why is the cost of car insurance in Oak Ridge different from other neighboring cities?
Things like parking situations, local laws, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Oak Ridge?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Oak Ridge?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
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 point, no matter how much time is left on your current policy. If you're thinking about moving to Oak Ridge or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.
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