Drivers in Tennessee are required to have proof of financial responsibility, which means either depositing a cash bond with the Tennessee Department of Safety or buying insurance through a valid insurer. To comply with the minimum car insurance requirements for Tennessee drivers, you must have $25,000 in coverage for one injury or death, $50,000 in coverage for two or more injuries or deaths and $15,000 in property damage coverage. Compare car insurance quotes to get the best deal and the best coverage.
Instructions
1. Call the Department of Safety at 866-903-7357 and talk to a representative about the amount of the cash bond you're required to submit for proof of financial responsibility. Have your driver's license and car information ready.
2. Call or visit local insurance agents for price quotes on policies. You can also log on to comparison websites, but speaking directly with a Tennessee insurance agent will help you get a quicker, more personalized quote.
3. Verify that the policy meets the required minimum coverages, especially if you're shopping with an insurer who isn't based in Tennessee. Request a base quote for the lowest legal liability policy with every insurance company you're comparing.
4. Increase your coverage in similar amounts with each policy and compare how the prices increase. One company in Tennessee might charge more for double liability protection than another company. You can also increase only certain coverages, like property damage coverage, and see how that increase affects your policy rates.
5. Discuss getting collision coverage or other insurance designed to protect your automobile in the event of an accident for which you're at fault. You can also get medical coverage for yourself and the people in your car during an accident. Often, adding medical causes a very slight yearly increase to your insurance premiums.
6. Pick your policy based only on the coverage you've decided you need. If one company offers a lower rate on liability, but a higher rate on full coverage---and you've decided to purchase full coverage---select the insurer that will cover you completely for less money.
Tags: cash bond, damage coverage, Department Safety, financial responsibility, proof financial
