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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 152-vehicle MarketCheck pull) combined with Tennessee-specific tax, fee, fuel and insurance data.

Sedan

$33,7055-year estimate, $562/mo

SUV / crossover

$45,9145-year estimate, $765/mo

Truck

$48,1735-year estimate, $803/mo

Electric

$48,5745-year estimate, $810/mo

Luxury

$69,5605-year estimate, $1,159/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.