Minimum Required Coverages in Tennessee
In Tennessee, drivers are required by law to carry a minimum amount of auto insurance coverage. This ensures that all drivers have some level of financial protection in case of an accident. The state-mandated minimum coverages are:
- Bodily Injury Liability: $25,000 per person and $50,000 per accident. This covers medical expenses for injuries you cause to others in an accident.
- Property Damage Liability: $15,000 per accident. This covers damages you cause to another person's property.
It's important to remember that these are just the minimum requirements. At Lofton-Wells, we recommend considering higher limits to provide greater protection.
Typical Components of Auto Policies
An auto insurance policy in Tennessee typically includes several components, each designed to offer different types of protection:
- Liability Coverage: Covers bodily injury and property damage to others if you're at fault in an accident.
- Collision Coverage: Pays for damage to your vehicle resulting from a collision, regardless of who is at fault.
- Comprehensive Coverage: Protects against non-collision events such as theft, vandalism, or natural disasters.
- Uninsured/Underinsured Motorist Coverage: Provides protection if you're involved in an accident with a driver who lacks adequate insurance.
Considerations for Auto Insurance in Bartlett, TN
When choosing auto insurance in Bartlett, TN, consider the following:
- Driving Habits: Evaluate how often and where you drive. Urban areas like Bartlett may present different risks compared to rural areas.
- Vehicle Type: The make and model of your vehicle can influence your insurance rates.
- Personal Assets: Consider your financial situation and assets. Higher liability limits may be advisable if you have significant assets to protect.
Additional Coverage Options
Beyond the standard components, there are additional coverage options available to enhance your auto insurance policy whether you live in Bartlett or reside elsewhere in the Tennessee.
- Rental Reimbursement: Covers the cost of a rental car while your vehicle is being repaired after an accident.
- Roadside Assistance: Provides services like towing, battery jump-starts, and flat tire changes.
- Gap Insurance: Covers the difference between the actual cash value of your vehicle and the balance still owed on your auto loan in the event of a total loss.