Is Your Knoxville Tennessee Auto Insurance Too High? Save with These Tips

Have you had enough of not being able to afford to pay your car insurance bill each month? You’re in the same situation as many other Tennessee drivers.

Insurance companies such as GEICO, 21st Century and Progressive persitently shower you with advertising and it is challenging if not impossible to ignore the flashy ads and effectively compare rates to find the best deal.

You should take the time to price shop coverage every six months since rates tend to go up over time. Despite the fact that you may have had the lowest rates on your last policy you may be paying too much now. You’ll find quite a bit of inaccurate information about auto insurance on the internet, so we’re going to give you a bunch of ideas how to save money.

Fast and Easy Knoxville Auto Insurance Quotes

When shopping for auto insurance there are multiple ways of comparing rate quotes from auto insurance companies in your area. The best way to find the lowest rates is to perform an online rate comparison. This can be done in a couple of different ways.

  1. One of the best ways to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This type of form keeps you from doing multiple quote forms to each individual auto insurance company. A single form will return quotes from multiple companies.
  2. A more difficult way to get quotes online is going to each individual company website and request a quote. For example, we’ll pretend you want comparison quotes from Liberty Mutual, 21st Century and American Family. To get rate quotes you would need to take the time to go to each site and enter your information, which is why the first method is quicker. For a list of links to insurance companies in Knoxville, click here.

It doesn’t matter which method you choose, just ensure you’re using apples-to-apples quote information for every company. If your comparisons have higher or lower deductibles it’s not possible to decipher which rate is best in Knoxville. Quoting even small variations in limits can mean a large discrepancy in price. It’s important to know that more quotes helps locate the best offered money concept

Cut your auto insurance rates with discounts

Insuring your fleet can be pricey, buy you may qualify for discounts to help offset the cost. Certain discounts will be applied at the time of quoting, but a few need to be specifically requested prior to receiving the credit.

  • Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
  • No Accidents – Drivers with accident-free driving histories pay less when compared to accident-prone drivers.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more than less cautious drivers.
  • Accident Waiver – A few companies will allow you to have one accident without raising rates if your claims history is clear for a particular time prior to the accident.
  • Good Student – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Employee of Federal Government – Active or retired federal employment can save as much as 8% with a few auto insurance companies.

Keep in mind that many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like you could get a free auto insurance policy, you’re out of luck. Any qualifying discounts will bring down the cost of coverage.

You are unique and your auto insurance should be too

When choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions could help you determine if you would benefit from professional advice.

  • Why is insurance for a teen driver so high in Knoxville?
  • Is a new car covered when I drive it off the dealer lot?
  • Who is covered when they drive my vehicle?
  • What are the financial responsibility laws in Tennessee?
  • Does my insurance cover my expensive audio equipment?
  • Should I rate my vehicle as pleasure use or commute?
  • Am I covered when driving on a suspended license?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Additional auto insurance information is available on the website for the Tennessee Department of Commerce and Insurance found here. Tennessee drivers can view a list of available companies, get help finding coverage, file complaints about an insurance agent or broker, and download brochures.

Tennessee car insurance

Other informative sites include this site for auto insurance rates in Tennessee and this link where you can get more info about Knoxville auto insurance.

Compare but don’t skimp

As you go through the steps to switch your coverage, make sure you don’t reduce coverage to reduce premium. There are many occasions where drivers have reduced collision coverage and learned later that the small savings ended up costing them much more. Your strategy should be to buy enough coverage at an affordable rate.

We just covered a lot of techniques to shop for auto insurance online. The key thing to remember is the more times you quote, the better your chances of lowering your rates. You may even find the lowest premiums are with a smaller regional carrier. Regional companies can often insure niche markets at a lower cost than their larger competitors like State Farm and Allstate.