Save on Car Insurance in TN: 3 Best Apps

Table of Contents

1. Introduction
2. Increase in Car Insurance Premiums in Tennessee
3. Reasons Behind the Increase
   • Inflation and Supply Chain Issues
   • Increase in Serious Car Accidents
4. The Future of Car Insurance Rates in Tennessee
5. Apps to Keep Your Car Insurance Rates Low in Tennessee
   • Telematics Apps
   • Pay As You Go App
   • The Jerry App
6. Conclusion
7. FAQs

Why are car insurance rates increasing in Tennessee?

Drivers in Tennessee are experiencing higher car insurance premiums this year. The volunteer state has seen an average rate increase of about 25 percent over the past two years. While Tennessee drivers still pay less for car insurance than the national average, experts expect Tennessee auto insurance prices to Continue to climb at a faster rate than in other states. The reasons behind the rise in rates are inflation and supply chain issues, which are driving up the cost of auto repairs and the amount insurance companies have to pay in claims. Additionally, there has been an increase in serious car accidents in the state, which is further contributing to the rise in car insurance rates.

Inflation and Supply Chain Issues

Inflation and supply chain issues are two major reasons behind the increase in car insurance premiums in Tennessee. The rise in the cost of repairs, due to inflation, has made it more expensive for insurance companies to settle claims. The supply chain issues, on the other HAND, have caused the lack of replacement parts for repair, which again leads to an increase in cost.

Increase in Serious Car Accidents

Data from the Tennessee Department of Safety and Homeland Security has shown a year-to-date increase in car accidents causing serious injuries and fatalities. A recent study by Wisevoter showed that although Tennessee ranks 16th in the nation by population size, it now has the 7th most fatal car accidents of any state. More accidents mean more claims, which causes Tennessee car insurance to cost more than ever.

Future of Car Insurance Rates in Tennessee

The future of car insurance rates in Tennessee is bleak since experts expect auto-insurance prices to continue to climb at a faster rate than in other states. The inflation and supply chain issues are not going to resolve soon. It is essential to take preventative measures to decrease the impact of rising rates.

Apps to Keep Your Car Insurance Rates Low in Tennessee

Drivers across the nation are seeing high car insurance premiums rates, and Tennessee is no exception. Here are some apps that can help you keep your car insurance rates low in Tennessee:

Telematics Apps:

Most car insurance companies offer telematics, which offer discounts for policyholders by tracking the driving behavior in real-time through plug-in devices or smartphone apps. While some of these apps offer a 5-10% discount for signing up, additional savings can be availed by a safe driver who has no Record of harsh acceleration, hard braking, and driving at night. Using such apps enables drivers to decrease their premiums by between 20 and 40 percent.

Pay As You Go App:

Pay-as-you-go apps, such as Nationwide SmartMiles and MileAuto, provide motorists with an innovative and cheap way to get coverage Based on their mileage. These apps track the usage of the car, and the policyholder only pays for the miles they drive, rather than a flat-rate premium. Daily or monthly payments are based on the driving record and the per-mile rate. For drivers who drive 20 or 25 miles or less per day, this app could be a game-changer for them.

The Jerry App:

Jerry helps the drivers compare quotes from dozens of the best Tennessee insurers, making car insurance shopping simple. Unlike other price comparison apps, Jerry is a licensed insurance broker back by a team of independent agents and provides free personalized advice. Jerry can help people save on their auto insurance without the hassle.

Conclusion

Car insurance rates in Tennessee are increasing, putting a strain on the pocket-book of most drivers. Fortunately, there are apps available that allow drivers to keep their car insurance rates low. By implementing apps like telematics, pay as you go, and the Jerry app, drivers can save money and still enjoy all the privileges of a standard car insurance policy.

FAQs

Q. How much can I save with telematics apps? A. Most insurance companies offer discounts of 5 to 10 percent for signing up for their telematics programs. Proving that you are a safe driver by avoiding harsh braking, harsh acceleration, and driving at night, could qualify you for a discount of between 20 and 40 percent.

Q. Will using pay-as-you-go apps help me save money? A. Pay-as-you-go apps such as Nationwide SmartMiles and MileAuto allow drivers to pay only for the miles they drive, instead of a flat rate premium. It is possible to save a considerable amount of money if you drive 20 or 25 miles per day or less.

Q. What is the Jerry app, and how can it help me save money? A. Jerry helps you to compare quotes from various Tennessee insurers, making car insurance shopping more manageable and straightforward. Jerry is a licensed insurance broker, which provides free personalized advice with the goal of helping you save money on your auto insurance.