Germantown Car Insurance

Your Complete Guide to Germantown, TN Car Insurance

Find the right car insurance policy for you.


Germantown, Tennessee is a suburb of Memphis. While it is adjacent to the high-crime city of Memphis, Germantown itself has the lowest crime rate of any city of its size in the state of Tennessee. If you drive a car in Germantown, it is very unlikely that you will be the victim of auto theft. This is great news for Germantown residents, who can probably save on car insurance as a result. 

But that doesn’t mean that car accidents and other mishaps don’t happen. And when they do, car insurance can help to remove the resulting financial burden. To make sure you get the best coverage for your needs, contact a local independent insurance agent. Independent agents can explain your options, help you comparison shop, and arm you with the information you need to make the best choice for your needs and budget. 

Tennessee Car Insurance Requirements

Without car insurance, you are entirely unprotected from the financial consequences of causing a crash. Tennessee law requires all vehicle owners to have a minimum amount of coverage, including:

  • Bodily injury liability: Required
  • Property damage liability: Required
  • Personal injury protection (PIP): Not required
  • Uninsured motorist coverage: Not required
  • Minimum liability limits: 25/50/15; coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 for one individual; and $15,000 coverage for property damage

It’s important to understand that the minimum auto liability insurance limits required by the state may not be sufficient in all circumstances. If you cause a major collision, the resulting expenses can be insurmountable. Any expenses that exceed your coverage limits must be paid for out of your pocket. 

If you are sued for negligence, you’ll have to pay for attorney fees and court costs, and you could be required to pay a settlement or judgment to an injured party. With the help of an independent insurance agent, you can assess your risks and determine how much liability coverage is necessary to adequately protect your family. 


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Number of Uninsured Motorists in Tennessee

Driving without insurance is against the law in Tennessee, yet many drivers continue to drive without coverage. 

  • How many US drivers are uninsured? 12.6%
  • How many Tennessee drivers are uninsured? 20%

If you are in an accident that is caused by an uninsured driver, you may have to pay for your vehicle damage and medical bills on your own. Uninsured motorist coverage ensures that you have protection from uninsured and underinsured drivers. Despite the state having the 5th highest percentage of uninsured drivers in the US, uninsured motorist coverage is not required in Tennessee. 

Number of Auto Thefts in Tennessee

The auto theft rate across the state of Tennessee is lower than the national average. The city of Germantown has a very low auto theft rate, coinciding with the city’s low overall crime rate. 

  • National auto theft rate per 1,000 vehicles: 2.94
  • Tennessee auto theft rate per 1,000 vehicles: 2.27
  • Germantown auto theft rate per 1,000 vehicles: 0.25

Anyone can be a victim of auto theft, even if you take precautions and live in a safe city. And if you don’t have the right insurance coverage you’ll have to pay to repair or replace your car on your own.  If you want coverage for your vehicle, be sure you select comprehensive coverage or you will not be reimbursed for a stolen or vandalized car. 

While this coverage is optional, your lender may require you to have it until your car loan is paid off. And comprehensive insurance covers more than just theft. It also reimburses you for repairs if falling objects, floods, structure fires, and more cause damage to your car. Installing a car alarm or another anti-theft device is a great way to keep thieves away from your vehicle. And drivers who take these precautions can often earn a discount on their auto insurance.

How Much Does Car Insurance Cost in Germantown, Tennessee?

Tennessee is the 24th most expensive state for car insurance, and average rates in Germantown tend to be significantly lower than both the state and national averages. 

  • National average annual car insurance cost: $1,311
  • Tennessee average annual car insurance cost: $1,263
  • Germantown average annual car insurance cost: $976

Everyone’s car insurance rates are a little different. You probably won’t pay the same as your neighbor or co-worker because your rates are based on your individual risk factors. These include:

  • Your age, gender, and marital status 
  • Your driving history and credit score
  • Your car’s year, make, and model
  • The approximate number of miles you drive each year

These characteristics help the insurance company determine how likely you are to get into an accident or file a claim. Drivers who are considered to be riskier will pay more for insurance. You might pay more if you simply have more people or vehicles in your household, or if you have a history of speeding or filing costly claims. People who are older tend to pay less than younger people, and those who drive safer vehicles (a mini-van instead of a sports car) can also expect to pay less. 

Your rates are also affected by the coverage limits, coverage options, and deductibles that you choose. If you want to save, it’s a wise choice to bundle your car insurance policy with your home insurance or renters insurance. Most insurance companies offer a discount if you purchase more than one policy.

Why Contact an Independent Insurance Agent?

Drivers in Germantown can work with a local independent insurance agent to find the right auto insurance. Independent agents can work with multiple insurance companies so you can compare quotes and choose the best policy for your needs and budget. 

Find an agent in or near Germantown to learn more. 

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