The words “economical” and “auto insurance” really should not be used together, especially when you are looking for the best coverage prices for nurses. Because it’s so expensive, let’s start off by going over some of the factors that can significantly affect auto insurance prices, and find some ways to reduce the price of the next policy you buy.
One of the more important things that are looked at to help calculate auto insurance rates is where you normally keep your vehicle in Nashville. Cities with larger populations are more likely to pay higher prices, whereas more rural areas have the luxury of cheap car insurance rates.
The next table sorts the most costly cities in Tennessee for nurses to buy car insurance in. Nashville comes in at #12 with a yearly premium of $1,177 for the average policy, which is about $98 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Memphis | $1,490 |
| 2 | Bartlett | $1,377 |
| 3 | Germantown | $1,360 |
| 4 | Collierville | $1,323 |
| 5 | Jackson | $1,292 |
| 6 | Knoxville | $1,230 |
| 7 | Columbia | $1,214 |
| 8 | Oak Ridge | $1,210 |
| 9 | Maryville | $1,208 |
| 10 | Smyrna | $1,183 |
| 11 | Murfreesboro | $1,183 |
| 12 | Nashville | $1,177 |
| 13 | Clarksville | $1,170 |
| 14 | Hendersonville | $1,170 |
| 15 | Brentwood | $1,168 |
| 16 | Franklin | $1,164 |
| 17 | Spring Hill | $1,157 |
| 18 | La Vergne | $1,151 |
| 19 | Cookeville | $1,147 |
| 20 | Chattanooga | $1,127 |
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Premium amounts are estimated as the specific geographic location can increase or decrease coverage rates substantially.
The vehicle on the policy is one of the main factors when quoting economical auto insurance for nurses. Vehicles with higher performance characteristics, a lack of safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models.
The next table outlines auto insurance costs for the most budget-friendly vehicles to insure in Tennessee.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $1,078 |
| Honda Accord LX 4-Dr Sedan | $1,087 |
| Honda CR-V LX 4WD | $1,096 |
| Ford Escape Limited 2WD | $1,150 |
| Ford Edge SEL 2WD | $1,155 |
| Volkswagen Jetta 2.0T Station Wagon | $1,166 |
| Ford F-150 Lariat Crew Cab 4WD | $1,200 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,210 |
| Toyota Prius | $1,243 |
| Toyota Camry SE | $1,253 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,260 |
| Ford Explorer XLT 4WD | $1,265 |
| Honda Civic Hybrid 4-Dr Sedan | $1,275 |
| Dodge Ram Crew Cab TRX 2WD | $1,283 |
| Jeep Grand Cherokee Laredo 2WD | $1,287 |
| Honda Odyssey EX W/Rear Entertainment | $1,299 |
| Dodge Grand Caravan SXT | $1,312 |
| Nissan Altima 2.5 4-Dr Sedan | $1,328 |
| Toyota RAV4 Sport 4WD | $1,334 |
| Toyota Camry Hybrid | $1,348 |
| GMC Sierra 2500HD SLE Regular Cab 2WD | $1,354 |
| Chevrolet Impala LTZ | $1,357 |
| Chevrolet Malibu LT | $1,366 |
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rates do not factor in zip code location which can revise premium rates substantially.
Looking at the rates, makes and models like the Hyundai Elantra, Honda Accord, Honda CR-V, and Ford Escape will be the most budget-friendly vehicles to insure for health professionals.
Types of discounts on Nashville car insurance
Insurers that sell policies for nurses may also provide discounts that can reduce rates by as much as 25% or more if you meet certain criteria. Large auto insurance companies and their possible discounts can be found below.
- State Farm discounts include multiple autos, safe vehicle, driver’s education, Drive Safe & Save, anti-theft, and student away at school.
- Progressive policyholders can earn discounts including homeowner, continuous coverage, multi-vehicle, online signing, and good student.
- Travelers may have discounts that include early quote, multi-policy, hybrid/electric vehicle, driver training, save driver, home ownership, and good student.
- American Family may include discounts for bundled insurance, accident-free, early bird, good student, mySafetyValet, TimeAway discount, and good driver.
- Liberty Mutual has discounts for preferred payment discount, multi-car, multi-policy, newly married, new move discount, and good student.
The illustration below shows the comparison of insurance premiums with and without policy discounts. The costs are based on a female driver, no accidents, no driving violations, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, defensive driving course, multiple policy, marriage, safe-driver, and accident-free discounts applied. With discounts applied, theaverage yearly reduction on auto insurance for nurses is 28% or $481.
Picking a high-quality company is difficult considering how many companies there are to choose from in Nashville. The company ratings in the lists below could help you select which auto insurers you want to consider when comparing rates. The rankings below include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Tennessee or surrounding areas are not taken into consideration for these rankings.
Top 10 Major Auto Insurance Providers in Nashville Ranked by Customer Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Top 10 Major Auto Insurance Providers Overall in Nashville
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
The illustration below demonstrates how deductibles can change insurance premiums when searching for cheap insurance for nurses. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could save $198 a year by changing from a $100 deductible up to a $500 deductible, or save $300 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, could roll back prices up to $490 annually by using higher deductibles when buying full coverage.
If you do raise deductibles, it is important to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
How to find low-cost auto insurance for nurses
The list below shows some of the better money-saving ideas that can help you find low-cost coverage.
- Increase deductibles to save money
- Try to not file small claims
- Being accident-free can lower rates significantly
- Save money by bundling your home and auto policies
- Drive safely
- Improve your credit rating
- Compare prices frequently to find the best deal
The last item on the list is very important, as was noted in the prior article. Rates in Nashville can be modified anytime, so drivers shouldn’t be reluctant to switch carriers if a more affordable rate is found.
Brand loyalty is great, but it’s not recommended if that devotion results in you overpaying potentially thousands of dollars a year. Now is a great time to compare prices to find cheaper insurance for nurses.