Property damage liability pays for damage caused by you or another driver in your automobile to another vehicle or other property, such as a fence, structure, or utility pole.The following are some of Tennessee’s restrictions:
Bodily Injury: $25,000 for each person
Bodily Injury: $50,000 for each accident
Property Damage: $15,000 for each accident
If you’re the at-fault driver in an accident, bodily injury liability coverage pays for the other driver’s expenditures. Repairs to their vehicle and possessions are covered under their property damage liability policy. It is recommended that you get full-coverage insurance because these liability coverage amounts do not compensate for damages to your car or expenditures incurred.
Comprehensive and collision coverage are included in full-coverage insurance. Comprehensive insurance pays for damage to your car that isn’t caused by a collision, such as theft, bad weather, or vandalism. Accident insurance protects your vehicle from damage caused by a collision.
Residents of Tennessee, on the other hand, can post a $60,000 security bond with the DMV for each vehicle instead of acquiring auto insurance.
The average annual cost of vehicle insurance in Knoxville, according to The Zebra, is $1547. This is less than the state and national averages of $1570 and $1548, respectively. hide-