Tennessee has an average annual insurance rate of $1408, making Tennessee one of the more expensive states to buy auto insurance.
The average annual insurance rates of Tennessee’s most popular cities are given below–
|City||Average Insurance Premium Per Annum ($)|
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 (%)|
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!