Cheapest Auto Insurance in Franklin, Tennessee (2025)
Mile Auto offers the cheapest car insurance in Franklin, with a liability quote of $41 per month.
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The average monthly cost of car insurance in Franklin is $105, which is well below the overall national average of $144.
Franklin is a suburb of Nashville with a relatively small population of about 87,000, which could contribute to its low rates. However, location isn’t the only factor that determines your auto insurance rates. Your age, driving history, and credit tier also play a role. The best way to find cheap rates is to compare quotes from multiple insurers.
Here’s what you need to know about buying car insurance in Franklin.
3 of the cheapest car insurance companies in Franklin
State Farm, GEICO, and Auto-Owners are the three cheapest car insurance companies in Franklin. However, the best auto insurance company for you will depend on your driving profile, budget, insurance needs, and more. For example, State Farm is the better option for teen drivers, while Auto-Owners is the best choice for drivers with classic cars.
The average rates below reflect statewide costs in Tennessee.
Best insurer for teen drivers: State Farm
Best insurer for good drivers: GEICO
Best insurer for classic car owners: Auto-Owners
How to get the cheapest car insurance in Franklin
Insurance companies consider many factors when determining your car insurance premium, including your age, ZIP code, marital status, and risk level.
Here are five ways to find cheap car insurance in Franklin:
Take advantage of discounts. Most car insurance companies offer discounts to help you save money on car insurance. For example, you can save by bundling your auto insurance with homeowners insurance or renters insurance.
Increase your deductible. When you file a claim, you’ll pay an out-of-pocket deductible before your insurance kicks in. Raising your deductible is an easy way to save money on your car insurance premiums. Just make sure you’re comfortable paying your deductible amount if you need to file a claim.
Adjust your coverage. Review your auto insurance routinely, especially as your situation changes. You may be able to save money by getting rid of coverages you no longer need.
Maintain a good credit score. Most insurance companies look at your credit score to help determine your auto insurance premiums. Maintaining good to excellent credit will help you lower your rates.
Compare your options. It’s a good idea to shop around and apply for quotes from at least three different insurance companies. You can use an online comparison tool to easily see which companies offer the best rates and auto insurance policies for you.3
Cheapest liability-only car insurance in Franklin: Mile Auto
If you cause an auto accident, liability insurance covers damages and injuries for the other driver. But it won’t pay for any damages to your vehicle or injuries you sustain. It provides the minimum level of coverage required in Tennessee.
Mile Auto offers the cheapest liability-only policies in Franklin, at $41 per month.
Cheapest full-coverage car insurance in Franklin: Mile Auto
Full-coverage insurance provides coverage for you and the other driver if you have a car accident. It includes liability, comprehensive, and collision insurance and is the most robust coverage you can get.
Drivers can find the cheapest full-coverage insurance in Franklin from Mile Auto, with rates of $75 per month.
Car insurance requirements in Tennessee
Tennessee state law requires drivers to meet the following minimum coverage requirements:4
Tennessee drivers can consider adding the following optional coverages for more vehicle protection:
Cheapest car insurance for drivers with an incident
Your driving history is one of the biggest factors that determines your car insurance rates. If you have a history of traffic violations like speeding tickets, driving under the influence (DUI), or at-fault accidents, you can expect to pay more for auto insurance.
On average, Franklin drivers with a past incident pay $87 per month for liability car insurance. In Tennessee, moving traffic violations result in driver’s license points. Having more points on your record can result in higher car insurance costs.5
Here’s what you can expect to pay in Franklin for liability car insurance based on your driving history.
Average cost of car insurance by age
Age is another factor affecting your car insurance rates. Teen drivers typically pay the highest rates by driver age. This is largely because young drivers have less experience behind the wheel and a higher crash fatality rate than other age group.
Auto insurance rates generally start to decrease for drivers around age 35. Senior drivers older than 70 tend to see slight increases in rates due to aging-related risk factors.
Here’s what you can expect to pay for insurance based on your age in Franklin.
Franklin car insurance quotes by credit tier
Tennessee law allows insurers to consider your credit-based insurance score. People with excellent or good credit scores typically pay lower insurance rates than drivers with poor credit scores.
Here are the average monthly full-coverage insurance rates for each credit tier in Franklin.