The words “bargain” and “insurance” really shouldn’t be used in the same sentence, in particular when you are trying to find the best coverage prices for low mileage drivers. To save some money, let’s introduce you to a few of the things the can have a considerable influence on car insurance premiums, and find out if you can cut the cost of the next policy you buy.
Deciphering which companies offer the cheapest car insurance rates for low mileage drivers involves a tad more effort in order to find the best price.
Every auto insurer uses their own calculation to determine premium rates, so let’s examine the most budget-friendly car insurance companies in Nashville, TN. It’s a good idea to know that Tennessee car insurance rates are based on many factors that control the cost of a policy. Turning one year older, becoming a homeowner, or getting a couple of tickets may generate price changes that can now make some companies cheaper in comparison to the competition.
Find Cheaper Auto Insurance in Tennessee
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $760 |
| 2 | Auto-Owners | $836 |
| 3 | Cincinnati Insurance | $876 |
| 4 | Penn National | $899 |
| 5 | Tennessee Farmers | $923 |
| 6 | USAA | $957 |
| 7 | Erie | $997 |
| 8 | Allied | $1,018 |
| 9 | Nationwide | $1,042 |
| 10 | Westfield | $1,069 |
| 11 | GEICO | $1,110 |
| 12 | Travelers | $1,177 |
| 13 | State Auto | $1,204 |
| 14 | State Farm | $1,213 |
| 15 | Progressive | $1,214 |
| 16 | Direct General | $1,214 |
| 17 | The Hartford | $1,221 |
| 18 | Shelter | $1,223 |
| 19 | 21st Century | $1,261 |
| 20 | Chubb | $1,329 |
| Find Your Rate Go | ||
Utica National offers some of the cheapest car insurance rates in Nashville at around $760 per year. This is $568 less than the average premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers also qualify as some of the cheaper Nashville, TN auto insurance companies.
In the above rates, if you currently buy coverage from Penn National and switched to Auto-Owners, you could realize a yearly price reduction of upwards of $63. Policyholders with Tennessee Farmers might save as much as $87 a year, and USAA customers might reduce rates by $121 a year.
To find the cheapest rates for your vehicle, click here or click several companies below for low rates.
Remember that these premiums are averaged across all types of drivers and the different vehicles they drive and do not factor in a specific location for low mileage drivers. So the company that has the lowest price for you may not even be in the list above. That’s why you need to quote rates from many companies using your own specific driver information and vehicle.
One of the many criteria that are looked at to determine the amount you pay for auto insurance is where your car is garaged. Areas with high crime rates or more dense population tend to pay more, whereas areas with less crime or weather claims have the benefit of cheaper car insurance.
The table below lists the highest-priced places in Tennessee for low mileage drivers to purchase auto insurance in. Nashville ranks #15 with the annual price of $1,165 for coverage, which is approximately $97 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Memphis | $1,490 |
| 2 | Bartlett | $1,419 |
| 3 | Germantown | $1,374 |
| 4 | Collierville | $1,309 |
| 5 | Jackson | $1,292 |
| 6 | Oak Ridge | $1,210 |
| 7 | Maryville | $1,208 |
| 8 | La Vergne | $1,197 |
| 9 | Murfreesboro | $1,194 |
| 10 | Knoxville | $1,182 |
| 11 | Columbia | $1,178 |
| 12 | Cookeville | $1,171 |
| 13 | Clarksville | $1,170 |
| 14 | Brentwood | $1,168 |
| 15 | Nashville | $1,165 |
| 16 | Franklin | $1,164 |
| 17 | Morristown | $1,159 |
| 18 | Smyrna | $1,159 |
| 19 | Spring Hill | $1,157 |
| 20 | Chattanooga | $1,149 |
| 21 | Hendersonville | $1,136 |
| 22 | Gallatin | $1,133 |
| 23 | Cleveland | $1,102 |
| 24 | Johnson City | $1,073 |
| 25 | Kingsport | $1,057 |
| Compare Prices Now Go | ||
Rate information is estimated as specific location information can revise coverage rates significantly.
The example below shows how different deductible levels can affect premium costs when searching for cheap insurance for low mileage drivers. The premium estimates are based on a married male driver, comp and collision included, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could save $204 a year by increasing from a $100 deductible to a $500 deductible, or save $306 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could possibly save as much as $670 each year by choosing a larger deductible amount.
If you do make the decision to raise your deductibles, it is necessary to have enough savings to allow you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Impact of violations and accidents on rates in Nashville
The easiest way to obtain the best car insurance premiums in Tennessee for infrequent drivers is to drive carefully and avoid accidents and traffic violations. The chart below illustrates how traffic citations and at-fault claims can affect auto insurance costs for different insured age categories. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of auto insurance in Nashville per year with no accidents or violations is $1,281. Get one speeding ticket and the average cost increases to $1,490, an increase of $209 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of car insurance for low mileage drivers jumps again to an average of $3,242. That’s an increase of $1,961, or $163 per month, just for not driving safely!
Here’s why price comparisons are so important
Tennessee car insurance rates are impacted by many things which can substantially decrease or increase the cost of your policy. Simply having a birthday, getting divorced, or having an at-fault accident can trigger price changes that can now make some companies more affordable than before.
And not only may your rating factors change, but companies change premium rates at least once a year to help ensure profitability. Higher than normal claims can cause high rates, while better underwriting may result in lower-priced Nashville car insurance rates.
The chart below shows which companies have the cheapest car insurance in Nashville, TN for a 45-year-old male driver with a clear driving record, no claims, and good financial standing. If we estimate prices based on his current risk profile, Utica National might quote the most affordable car insurance rates in Nashville at $859 a year. This is $469 less than the average rate paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers are the remaining best Nashville, TN auto insurance companies.
Now let’s give the driver in the first chart an accident surcharge, a little lower credit rating, and a blemish on his driving record. Due to the fact that every auto insurer uses a different method for establishing rates, comparing quotes could now result in a slightly different list of the cheapest Nashville car insurance companies as shown below.
Erie now has the best auto insurance rate in Nashville with Nationwide, Allied, Westfield, and GEICO also having competitive pricing. This example proves why drivers need to spend some time comparing rates to get the lowest car insurance rates for low mileage drivers. Rates are calculated by many different factors and change substantially, so the cheapest rate the last time you checked may now be wasting a lot of money.
The agents listed below can provide answers to your questions and help you determine which is the best policy, as lots of drivers aren’t clear which coverage they need and would like to have a professional recommendation when trying to find lower insurance rates for low mileage drivers. It can be complicated to find the cheapest auto insurance company, so using a licensed agent can add satisfaction knowing you have adequate coverage when you need it most.
To locate a Nashville insurance agent closest to you, click the button after the list.
Lester McClain – State Farm Insurance Agent
2209 Crestmoor Rd #200 – Nashville, TN 37215 – (615) 383-0449
Roy Arnold – State Farm Insurance Agent
2600 Lebanon Pike a – Nashville, TN 37214 – (615) 871-0663
Chamberlain Insurance Agency
4741 Trousdale Dr #104 – Nashville, TN 37220 – (615) 922-2317
Goldstein Insurance Agency
125 #203b Suite, 102 Belle Forest Cir – Nashville, TN 37221 – (615) 673-2727
More insurance agents in Nashville, TN
How to find the cheapest auto insurance for low mileage drivers
Here are some of the recommended money-saving solutions that can help drivers quote lower-cost auto insurance.
- Full coverage may not be needed on older vehicles
- Bundle home and auto and earn a discount
- Get cheaper liability coverage by choosing a safer vehicle
- Pay cheaper rates with good credit scores
- At-fault accidents will increase rates
- Comparison shop at least once a year
The final tip is particularly vital, as we stressed in this write-up. Insurance rates can change in a short period of time, so you should be ready to change to a new company if a lower price can be found. Many drivers tend to have loyalty to a certain company, but we do not recommend it if that inflexibility results in costing you a small fortune year after year. Take a few minutes and shop around to find cheaper car insurance for low mileage drivers in Nashville.