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COST OF OWNERSHIP BY STATE

Cost of Owning a Car in Tennessee

How Tennessee's gas prices, electricity rates, sales tax and insurance costs affect what you'll typically pay to own a vehicle.

Tennessee at a glance

Gas price

$3per gallon, illustrative average

Electricity

$0.12per kWh, illustrative average

Sales tax

7.00%plus ~$30 average registration

Insurance in Tennessee runs close to the national average in this model, reflected as a 1.00× multiplier on our base class rates.

5-year cost by vehicle class in Tennessee

Uses real market-average vehicle prices per class (from our 48-vehicle MarketCheck pull) combined with Tennessee-specific tax, fee, fuel and insurance data.

Sedan

$29,0945-year estimate, $485/mo

SUV / crossover

$41,7165-year estimate, $695/mo

Truck

$52,3555-year estimate, $873/mo

Electric

$38,8505-year estimate, $647/mo

Luxury

$63,6695-year estimate, $1,061/mo
Your actual cost depends on the specific vehicle — use the interactive calculator and select Tennessee for a number tailored to your car, or browse real vehicle estimates.