Tennessee Auto Insurance Laws
Tennessee is one of the few states that both offer “single limit” and “limit of separation” policy. It is a state of civil liability that is required for you to carry proof of financial responsibility. It may take a bond or certificate of deposit a specified amount as specified by state law or you can purchase a liability insurance coverage policy. Most drivers choose the second option residents.
Statutory minimum limits of Liability Insurance In Tennessee
As to the limit of separation, the laws of their resident state mandate for drivers an insurance policy with minimum liability limits of 25/50/10. This includes the following.
- Liability coverage for bodily injury
- $ 25,000 for injury or death of an individual in an accident of any
- $ 50,000 for all persons in any accident
- Property Damage Liability Coverage
- $ 10,000 for any accident
As only minimum liability limit
According to the single limit policy, the insured is covered for $ 60,000 for damage and injuries in an accident.
Suggested limits for Tennessee Car Insurance
The above minimum liability are not enough, obviously considering the fact that medical costs and auto repair are skyrocketing. That is the reason why insurance experts recommend you carry insurance policies with higher limits, as follows.
* Coverage limits of liability of $ 100,000 / $ 300,000 / $ 100,000.
* Motorists without insurance in the limits of $ 100,000 / $ 300,000 / $ 100,000.
* Medical Payments in the amount of $ 5000.
* Collision and comprehensive coverage plans in the amount of $ 500 each.
Tennessee Car Insurance Umbrella Policy
Tennessee insurance companies offer auto policies to customers umbrella also. But to take advantage of this special policy, they need to carry much higher limits of liability (usually $ 250,000 / $ 500,000) in the home and automobile policies.
Uninsured motorists (UM) Coverage Optional Coverage As
In Tennessee, the UIM coverage is included in the coverage of UM. However, you need to purchase this optional coverage with minimum liability of 25/50. On the other hand, if you buy a larger amount of bodily injury coverage, you can buy a smaller amount for the coverage of UM.
Other Tennessee Car Insurance Coverage Optional
In people with an order to provide optimal protection against injuries and property damage in a car accident, Tennessee insurance companies also offer a wide range of other optional plans that include extensive collision coverage and payments coverage physicians.
Tennessee Car Insurance Tips
There are several ways to get better prices on your insurance policy in the state of Tennessee. For example, if the value of your vehicle does not exceed $ 3,000, it is best to leave the comprehensive and collision coverage generally opt for the coverage and the plans will be very costly for you. On the other hand, can also significantly reduce your insurance premiums by choosing a deductible of between $ 500 and $ 1,000.
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As of December, 2008, Tennessee changed it’s minimum required limits to 25/50/15.