Tennessee Auto Insurance May Rise Further In 2010
Tennessee Auto Insurance May Rise Further In 2010
If you own a vehicle you would have to follow certain rules and regulations that have been designed for the state. Each state has its own distinct laws and Tennessee is one such state that offers both 'single limit' as well as 'split limit' policies for the car drivers. As a driver in the state you have an option of carrying a bond certificate of a certain amount of deposit or proof of a liability coverage insurance policy. Most automobile owners opt for car insurance than the other option. The car insurance rates in Tennessee are predicted to rise even further in 2010. Tennessee auto insurance laws When you are purchasing car insurance, the minimum bodily liability coverage for injury or death of a single person is $25,000. For covering all people in the car present during the accident, you have to invest $50,000. For property damage liability coverage, a minimum of $10,000 is required. There is another option available known as single limit policies. According to this policy the insured person is covered for $60,000 for all injuries and damages in one accident. The car insurance companies also offer umbrella policies for their clients. However these policies are offered to insurers who have higher limits of liability ranging from $250,000 to $500,000 on both home as well as car insurance policies. There are a few optional coverage options available which provides optimum coverage against injuries and property damages in an auto accident. The optional coverage plans include coverage of comprehensive, collision, and medical payments. Tips on buying insurance If the value of your vehicle is less than $3000 then you can do without the comprehensive and collision coverage plan, since it would mean an additional expense for you. You can also choose your own deductible and keep it between $500 and $1000. It is also recommended that you fill up online forms and ask for multiple quotes from various companies. This will help you to compare quotes, company profile, user feedback and other things before you take a decision. You can take your own time to come to a decision and do not have to worry about making multiple phone calls or visiting insurance companies individually.