Tennessee Insurance Requirements & Rates

Tennessee requires minimum liability coverage of 25/50/15 (bodily injury per person / per accident / property damage). Tennessee is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Tennessee homeowners face risks from tornadoes, flooding, severe thunderstorms, earthquakes. The flood risk level is moderate and earthquake risk is moderate. Standard deductibles apply. The average annual home insurance premium is $2,936.

Tennessee requires all motorcycle riders to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is march–november.

Yes, workers' compensation insurance is required in Tennessee. Businesses with fewer than 5 employees exempt. Tennessee has approximately 650,000 small businesses, with top industries including Healthcare, Automotive Manufacturing, Music & Entertainment.

No, Tennessee has not expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 10.6%.

Yes, landlords in Tennessee can require tenants to carry renters insurance as a condition of the lease. About 33% of Tennessee residents are renters, with average monthly rent of $1,050.

Tennessee has an uninsured motorist rate of 23.7%, which is above the national average. Factors include nashville and memphis metro congestion has grown rapidly. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $59,695, most Tennessee families should consider 10-12x their annual income in life insurance coverage. Tennessee has below-average life expectancy, making adequate coverage especially important. Currently, 47% of Tennessee households have life insurance.