The words “affordable” and “insurance” really shouldn’t be used together, especially when comparison shopping for the best insurance rates for good drivers. Let’s introduce you to some things that can significantly affect auto insurance prices, and find a way to slash the price of your next policy.
One of the more important components that determine the annual cost of car insurance is where your car is garaged. More densely populated places tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The information below sorts the highest-priced areas in Tennessee for good drivers in which to purchase auto insurance. Nashville ranks #8 with an annual cost of $1,213 for the average insured, which is approximately $101 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Memphis | $1,505 |
| 2 | Bartlett | $1,377 |
| 3 | Germantown | $1,374 |
| 4 | Collierville | $1,349 |
| 5 | Jackson | $1,292 |
| 6 | Oak Ridge | $1,247 |
| 7 | Knoxville | $1,218 |
| 8 | Nashville | $1,213 |
| 9 | Clarksville | $1,206 |
| 10 | Maryville | $1,196 |
| 11 | Murfreesboro | $1,183 |
| 12 | Cookeville | $1,182 |
| 13 | Columbia | $1,178 |
| 14 | Franklin | $1,175 |
| 15 | Morristown | $1,171 |
| 16 | La Vergne | $1,162 |
| 17 | Hendersonville | $1,158 |
| 18 | Spring Hill | $1,157 |
| 19 | Smyrna | $1,148 |
| 20 | Brentwood | $1,133 |
| Find Cheaper Insurance Go | ||
Rate information is estimated as specific location information can raise or lower premium rates significantly.
Determining which companies quote the lowest-priced car insurance rates for good drivers will take more work than just comparing a company or two. Every insurance provider has a unique approach to set their prices, so let’s rank the lowest cost car insurance companies in Tennessee.
It’s important that you understand Nashville car insurance rates are calculated based on many things that control the price you pay. Improving your credit rating, having a claim, or getting a driving violation may generate price changes that can cause some rates to be affordable when they were higher priced.
Find Cheaper Auto Insurance for Good Drivers
Utica National quotes some of the best car insurance rates in Nashville at around $737 annually. This is $591 less than the average policy premium paid by Tennessee drivers of $1,328. Cincinnati Insurance, Auto-Owners, Penn National, and USAA also qualify as some of the most economical Nashville, TN auto insurance companies.
As shown in the rates above, if you buy coverage from Penn National and switched to Cincinnati Insurance, you could see yearly savings of approximately $76. Tennessee drivers with USAA may save as much as $107 a year, and Tennessee Farmers insureds might reduce rates by $111 a year.
Understand that those policy rates are averages across all drivers and vehicles and do not take into consideration an exact vehicle garaging location for good drivers. So the car insurance company that has the cheapest price for you may not even be in the top 30 companies in the list above. That affirms the importance of why you need to get quotes using your own driver data and vehicle information.
How to get discounts on Nashville auto insurance
Insurers that offer cheap quotes for good drivers may also give you policy discounts that could reduce prices by 30% or more if you meet certain criteria. Popular car insurance companies and the discounts they provide are:
- Progressive discounts include online signing, continuous coverage, homeowner, multi-vehicle, multi-policy, good student, and online quote discount.
- The Hartford offers discounts for driver training, air bag, bundle, vehicle fuel type, anti-theft, and good student.
- Mercury Insurance offers premium reductions for annual mileage, age of vehicle, location of vehicle, multi-car, type of vehicle, and good student.
- GEICO has discounts for air bags, multi-policy, daytime running lights, military active duty, driver training, multi-vehicle, and five-year accident-free.
- AAA may include discounts for multi-car, good student, pay-in-full, education and occupation, multi-policy, AAA membership discount, and good driver.
- State Farm may have discounts that include student away at school, good student, Steer Clear safe driver discount, anti-theft, safe vehicle, driver’s education, and passive restraint.
The illustration below shows the comparison of premium costs with and without discounts applied. The price estimates are based on a male driver, no accidents or driving violations, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with safe-driver, accident-free, anti-theft, marriage, homeowner, and multiple vehicle discounts applied. In this example, the average savings per year on car insurance for good drivers is 28% or $337.
The information below illustrates how choosing a deductible can affect annual premium costs when searching for cheap insurance for good drivers. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
As shown above, a 40-year-old driver could save $284 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $428 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut $936 each year by choosing larger deductibles on their policy.
When using a larger deductible, it will be required to have enough spare savings to offset the extra out-of-pocket expense that comes with higher deductibles.
How to find more affordable auto insurance for good drivers
Below you’ll find some thrifty ideas that can help Nashville drivers find cheap auto insurance.
- If your vehicles are older, consider dropping full coverage
- Avoid at-fault accidents and claims
- Improve your credit
- Buy vehicles with five-star safety ratings
- Higher comprehensive and collision coverage deductibles will save money
- Keep your driving record clean
- Compare rates once a year for cheaper prices
The last suggestion is especially crucial, as we stressed in this article. Auto insurance prices change constantly, so you should be ready to change to a new company if a more affordable price is available. Many drivers prefer to stick with one company, but it isn’t a good idea if it’s costing you a lot of money. Now is a great time to shop around to find cheaper insurance for good drivers in Nashville.
The agents listed below can help you make a decision which insurance coverage you need, as some people have coverage questions and would like to get some professional input when shopping for cheaper insurance for good drivers. It can be time-consuming to find the best rates on your own, and agents can give comfort knowing your coverage gives you enough coverage when you need it. To locate a Nashville car insurance agency in your neighborhood, click the button after the list or click here to compare rates now.
Tim Shrum – State Farm Insurance Agent
4004 Hillsboro Pike Ste B219 – Nashville, TN 37215 – (615) 922-2680
Bobby Berry – State Farm Insurance Agent
703 Main St – Nashville, TN 37206 – (615) 271-2996
Eby Insurance
65 Parris Ave – Nashville, TN 37210 – (615) 254-8343