6 years experience in personal finance writing
Featured on Credit Karma and Insider
Jamie is a meticulous researcher who has published 2,000+ personal finance articles. Her expertise is trusted by major brands like Bankrate and Rocket Mortgage.
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Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Updated November 20, 2024
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Table of contents
The average monthly cost of car insurance in Franklin is $116, which is well below the overall national average of $154.
Franklin is a suburb of Nashville with a relatively small population of about 87,000, which could contribute to its low rates. However, location isn’t the only factor that determines your auto insurance rates. Your age, driving history, and credit tier also play a role. The best way to find cheap rates is to compare quotes from multiple insurers.
Here’s what you need to know about buying car insurance in Franklin.
State Farm, USAA, and GEICO offer the cheapest car insurance rates in Franklin.
On average, Franklin drivers with a past incident on their record pay $152 per month for car insurance.
Tennessee is an at-fault state, meaning the driver responsible for a car accident must cover the other party’s resulting medical bills and vehicle repairs.[1]
3 of the cheapest car insurance companies in Franklin
State Farm, GEICO, and Auto-Owners are the three cheapest car insurance companies in Franklin. However, the best auto insurance company for you will depend on your driving profile, budget, insurance needs, and more. For example, State Farm is the better option for teen drivers, while Auto-Owners is the best choice for drivers with classic cars.
The average rates below reflect statewide costs in Tennessee.
Insurance Company ▲▼ | IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. ▲▼ | Full Coverage ▲▼ | Liability Only ▲▼ | Best for ▲▼ |
---|---|---|---|---|
State Farm | 9.3 | $44 | $22 | Teen drivers |
GEICO | 9.0 | $57 | $28 | Good drivers |
Auto-Owners | 8.5 | $60 | $30 | Classic car owners |
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Best insurer for teen drivers: State Farm
User Reviews | 4.2 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $22/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $44/mo |
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Ronald
November 19, 2024
State Farm Experience: 35 Years+
David
November 19, 2024
Too expensive
Ronald
November 18, 2024
Very Expensive Auto and Home
If you need to insure a teen driver, State Farm is a great option. Young drivers can save up to 25% by choosing State Farm. Young adults can save by taking advantage of a good student discount, driving training discount, or student-away-at-school discount.
Best option for teen drivers
Above-average J.D. Power customer satisfaction rating in the Southeast region
Policies only available through an insurance agent
Doesn’t offer gap insurance
Best insurer for good drivers: GEICO
User Reviews | 4.0 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.0 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $28/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $57/mo |
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
James
November 19, 2024
Unsatisfactory Experience with Geico
Edward
November 18, 2024
Experience with Geico
Chris
November 18, 2024
Poor
GEICO is one of the best car insurance policies for Franklin residents with a good driving history. You can save up to 22% on your car insurance by remaining accident-free for five years. You can also earn discounts for wearing your seat belt or taking a defensive driving course.
Wide variety of discounts
Personalized coverage options
May be more expensive for high-risk drivers
Limited in-person service
Best insurer for classic car owners: Auto-Owners
User Reviews | 4.0 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.5 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $30/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $60/mo |
Drivers appreciate the friendly customer service, competitive initial rates, and professional agents but dislike the frequent price increases and complicated claims process.
Drivers appreciate the friendly customer service, competitive initial rates, and professional agents but dislike the frequent price increases and complicated claims process.
Debra
November 3, 2024
Excellent
Scotty
November 2, 2024
They are a bunch of crooks. My policy has increased every single time, and I've only had one small claim.
Dana
October 31, 2024
Average
Auto-Owners is the cheapest option for classic or antique vehicle owners. Classic vehicles require personalized coverage, which is why Auto-Owners offers a purchase price guarantee to protect your investment. This means that you’ll receive the agreed-upon value from your insurer in the event of a total loss.
Coverage for classic car owners
Many available discounts
Below-average J.D. Power customer satisfaction rating in the Southeast region[2]
Online quotes not available
How to get the cheapest car insurance in Franklin
Insurance companies consider many factors when determining your car insurance premium, including your age, ZIP code, marital status, and risk level.
Here are five ways to find cheap car insurance in Franklin:
Take advantage of discounts. Most car insurance companies offer discounts to help you save money on car insurance. For example, you can save by bundling your auto insurance with homeowners insurance or renters insurance.
Increase your deductible. When you file a claim, you’ll pay an out-of-pocket deductible before your insurance kicks in. Raising your deductible is an easy way to save money on your car insurance premiums. Just make sure you’re comfortable paying your deductible amount if you need to file a claim.
Adjust your coverage. Review your auto insurance routinely, especially as your situation changes. You may be able to save money by getting rid of coverages you no longer need.
Maintain a good credit score. Most insurance companies look at your credit score to help determine your auto insurance premiums. Maintaining good to excellent credit will help you lower your rates.
Compare your options. It’s a good idea to shop around and apply for quotes from at least three different insurance companies. You can use an online comparison tool to easily see which companies offer the best rates and auto insurance policies for you.[3]
Cheapest liability-only car insurance in Franklin: State Farm
If you cause an auto accident, liability insurance covers damages and injuries for the other driver. But it won’t pay for any damages to your vehicle or injuries you sustain. It provides the minimum level of coverage required in Tennessee.
State Farm offers the cheapest liability-only policies in Franklin, at $22 per month.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
State Farm | $22 |
USAA | $26 |
GEICO | $28 |
Travelers | $29 |
Auto-Owners | $30 |
Erie | $32 |
Mile Auto | $39 |
Allstate | $40 |
Farmers | $43 |
Nationwide | $53 |
Progressive | $58 |
Chubb | $62 |
Direct Auto | $68 |
Safeco | $73 |
Dairyland | $79 |
State Auto | $82 |
National General | $89 |
Elephant | $93 |
The General | $97 |
GAINSCO | $98 |
Liberty Mutual | $125 |
Foremost | $127 |
Bristol West | $133 |
Cheapest full-coverage car insurance in Franklin: State Farm
Full-coverage insurance provides coverage for you and the other driver if you have a car accident. It includes liability, comprehensive, and collision insurance and is the most robust coverage you can get.
Drivers can find the cheapest full-coverage insurance in Franklin from State Farm, with rates of $44 per month.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
State Farm | $44 |
USAA | $52 |
GEICO | $57 |
Auto-Owners | $60 |
Travelers | $60 |
Erie | $65 |
Mile Auto | $69 |
Allstate | $81 |
Farmers | $87 |
Nationwide | $107 |
Progressive | $117 |
Chubb | $126 |
Safeco | $138 |
Elephant | $149 |
Direct Auto | $165 |
State Auto | $167 |
National General | $187 |
The General | $208 |
Dairyland | $216 |
Liberty Mutual | $236 |
Foremost | $252 |
GAINSCO | $273 |
Bristol West | $330 |
Cheapest recent rates near Franklin, Tennessee
Drivers using Insurify have found quotes as cheap as $32/mo for liability only and $36/mo for full coverage in Franklin and other Tennessee cities.
*Quotes generated for Insurify users in and around Franklin, Tennessee within the last 10 days. Last updated on November 20, 2024
*Quotes generated for Insurify users in and around Franklin, Tennessee within the last 10 days. Last updated on November 20, 2024
Car insurance requirements in Tennessee
Tennessee state law requires drivers to meet the following minimum coverage requirements:[4]
Coverage ▲▼ | Minimum Requirements ▲▼ |
---|---|
Bodily injury liability | $25,000 per person / $50,000 per accident |
Property damage liability | $25,000 per accident |
Tennessee drivers can consider adding the following optional coverages for more vehicle protection:
Comprehensive coverage
Comprehensive insurance covers incidents like theft, vandalism, damage from falling objects, or severe weather.
Collision coverage
Collision insurance pays for damages from an accident involving another vehicle or object.
Personal injury protection coverage
Personal injury protection coverage pays for injuries or lost wages resulting from an accident.
Uninsured/underinsured motorist coverage
Uninsured/underinsured motorist coverage pays for damages if you have an accident with an uninsured or underinsured motorist.
Cheapest car insurance for drivers with an incident
Your driving history is one of the biggest factors that determines your car insurance rates. If you have a history of traffic violations like speeding tickets, driving under the influence (DUI), or at-fault accidents, you can expect to pay more for auto insurance.
On average, Franklin drivers with a past incident pay $99 per month for liability car insurance. In Tennessee, moving traffic violations result in driver’s license points. Having more points on your record can result in higher car insurance costs.[5]
Here’s what you can expect to pay in Franklin for liability car insurance based on your driving history.
Insurance Company ▲▼ | Clean Driving Record ▲▼ | With Speeding Ticket ▲▼ | With At-Fault Accident ▲▼ | With DUI ▲▼ |
---|---|---|---|---|
State Farm | $22 | $29 | $30 | $37 |
USAA | $26 | $34 | $36 | $43 |
GEICO | $28 | $37 | $39 | $47 |
Travelers | $29 | $38 | $40 | $48 |
Auto-Owners | $30 | $40 | $42 | $50 |
Erie | $32 | $43 | $45 | $53 |
Mile Auto | $39 | $52 | $55 | $65 |
Allstate | $40 | $53 | $55 | $67 |
Farmers | $43 | $56 | $59 | $72 |
Nationwide | $53 | $70 | $74 | $88 |
Progressive | $58 | $76 | $80 | $97 |
Chubb | $62 | $83 | $86 | $103 |
Direct Auto | $68 | $90 | $96 | $113 |
Safeco | $73 | $97 | $100 | $113 |
Dairyland | $79 | $104 | $108 | $132 |
State Auto | $82 | $116 | $123 | $137 |
National General | $89 | $118 | $123 | $148 |
Elephant | $93 | $132 | $126 | $155 |
The General | $97 | $130 | $136 | $162 |
GAINSCO | $98 | $139 | $129 | $163 |
Liberty Mutual | $125 | $177 | $183 | $208 |
Foremost | $127 | $180 | $186 | $212 |
Bristol West | $133 | $176 | $183 | $222 |
Average cost of car insurance by age
Age is another factor affecting your car insurance rates. Teen drivers typically pay the highest rates by driver age. This is largely because young drivers have less experience behind the wheel and a higher crash fatality rate than other age group.
Auto insurance rates generally start to decrease for drivers around age 35. Senior drivers older than 70 tend to see slight increases in rates due to aging-related risk factors.
Here’s what you can expect to pay for insurance based on your age in Franklin.
Age ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Teens | $254 |
20s | $314 |
30s | $293 |
40s | $248 |
50s | $186 |
60s | $130 |
70s | $97 |
Franklin car insurance quotes by credit tier
Tennessee law allows insurers to consider your credit-based insurance score. People with excellent or good credit scores typically pay lower insurance rates than drivers with poor credit scores.
Here are the average monthly full-coverage insurance rates for each credit tier in Franklin.
Rates by Credit Tier
Franklin car insurance FAQs
Before you start shopping around for car insurance, you should determine the amount of auto coverage you need. The following information should help you navigate the process of finding cheap car insurance in Franklin.
How much is car insurance in Franklin?
The overall average cost of car insurance in Franklin is $116 per month. On average, Franklin drivers pay $76 for liability coverage and $155 for full-coverage insurance per month.
Which company has the cheapest car insurance in Franklin?
With a liability rate of $22 per month, State Farm is the cheapest insurer in Franklin. USAA and GEICO also offer some of the lowest rates in Franklin, with liability rates of $26 and $28.
The best way to find cheap car insurance is to compare quotes from multiple car insurance companies.
What are the best car insurance companies in Franklin?
With an Insurify Quality (IQ) Score of 9.3 out of 5, great coverage offerings, and an A++ (Superior) financial strength rating from AM Best, State Farm is the best car insurance company in Franklin. Tennessee drivers with coverage from State Farm pay $22 per month for liability insurance and $44 for full-coverage insurance, on average.
Other top insurers include GEICO and Auto-Owners.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Related articles
More cities in Tennessee
Sources
- NOLO. "Tennessee Car Insurance Requirements and Laws."
- J.D. Power. "Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds."
- Insurance Information Institute. "How to save money on car insurance."
- Tennessee Department of Revenue. "Why You Should Have Auto Insurance."
- Department of Safety & Homeland Security. "Schedule of Points Values."
Jamie Johnson is a Kansas City-based personal finance writer whose work has been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance. For the past six years, she's dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in