Insuring used full-size pickups in Tennessee

Tennessee has an average annual insurance rate of $1408, making Tennessee one of the more expensive states to buy auto insurance.

The average annual insurance rates of Tennessee’s most popular cities are given below–

City Average Insurance Premium Per Annum ($)
Chattanooga 1,040
Knoxville 1,088
Memphis 1,435
Nashville 1,071
Tennessee 1,408

If you compare the average insurance rates of the used Chevrolet Silverado and Ford F-Series to these rates, it will be evident that insurance for these full-size pickups is cheaper than the average rates.  

Let us consider the median price and average annual insurance of these pickups in Chattanooga, Nashville, and Knoxville.

City Make Model Insurance Average ($) Median Price ($) Insurance Percentage (%)
Chattanooga Chevrolet Silverado 907 17,300 5
Nashville Chevrolet Silverado 934 25,282 3
Knoxville Chevrolet Silverado 949 27,295 3
Nashville Ford F-Series 961 26,488 3
Knoxville Ford F-Series 976 29,792 3

You will observe that the average annual insurance rate for both the Chevrolet Silverado as well as the Ford F-Series does not exceed $1,000. The median price of these cars is, however, higher than it is in a few other states.

If you live in Tennessee and are looking to buy a used full-size pickup, you have two options. You could buy the Chevrolet Silverado from Chattanooga, where its median price is below $18,000. The other option is to buy the car from Los Angeles, and gave it shipped back home. The median price of the Chevy Silverado in LA is just $13,999. Even adding shipping costs and auto transport insurance costs, you could still save more than $3,000.

On the other hand, if you want to buy a Ford F-Series, you will have to shell out $26488 in Nashville or $29792 in Knoxville. You could, instead, buy the car from Macon, Georgia, where its median price is $9976, and have it shipped home. This could save you more than $10,000!