Having a speeding ticket on your record makes you a high-risk driver, so insurance companies will charge you more for the exact same coverage as someone with a clean driving record. That said, there are still ways to keep rates as low as possible.
Take a Traffic School Course
By taking a four-hour traffic school course within 90 days of your speeding conviction, you can get five points removed from your driving record once every four years. Find a course at https://www.tn.gov/content/dam/tn/safety/documents/Court_Ordered_Traffic_Schools.pdf.
Once you’ve completed the course, send the certificate of completion to the state.
- Financial Responsibility Section
- P.O. Box 945
- Nashville, TN 37202-0945
- Fax: 615-242-3480
- Phone: 866-903-7357
Get Minimum Coverage
Tennessee requires liability coverage in the following amounts:
- Bodily injury liability per person: $25,000
- Bodily injury liability per accident: $50,000
- Property damage liability per accident: $25,000
Getting minimum coverage will result in the lowest premium. But keep in mind this coverage applies only to parties outside of your car. You’d still be responsible for your and your passengers’ injuries and property damage out of pocket.
Improve Your Credit Score
Insurance companies in Tennessee charge higher premiums to those with bad credit, so improving your credit score will lower your rates. Try to pay bills on time, limit the number of credit cards you apply for, and pay off any existing debt.
Ask for Discounts
Insurance discounts vary by company, so ask your agent which ones you qualify for. We’ve seen discounts for the following:
- Bundling home and auto insurance policies
- Having multiple vehicles on a single policy
- Having a student away from home
- Installing an anti-theft device in your car
- Taking a driver training course
Raise Your Deductible
If you have comprehensive and collision coverage, one way to save money is to raise your insurance deductible, the amount you pay before your coverage kicks in.