Cheap Insurance Knoxville
With a thriving art and theater scene, constant downtown development and renovation, and a friendly business climate, there are many reasons to live in Knoxville. And now’s the best time to move there! The cost of living is over 21% lower than the national average (11% lower than Tennessee’s average). It is one of the most affordable cities in the nation (especially considering all of its wonderful amenities), and this includes the options for cheap insurance Knoxville can offer.
Some factors that affect your rates in Knoxville
- Crime: There were over 900 stolen cars in 2012, which is way too high for a city its size. Depending on where you live in the city you might want to consider adding Comprehensive coverage to your policy. The good news is that it’s usually cheaper than Collision coverage.
- Traffic: There are an extra 100,000 people in Knoxville each day, driving in from the surrounding areas. This causes about 37 hours of delay per commuter each year. Driving during rush hour will increase your risk of auto accident and could increase your rates.
- Your Annual Mileage: Living closer to work will mean less miles on your car each year, lowering your liability risk. Those drivers that are commuting into the city from the suburbs will probably see slightly higher rates depending on how far their daily commute is. If you live in the city and can take public transportation to work, this can save you money on your car insurance.
- Tennessee’s Insurance Requirements: Tennessee requires specific liability coverage on every registered vehicle. This sets the base rate for the state and is usually the cheapest coverage option, but depending on your circumstances you might want/need extra liability, or even “full coverage.”