Save Money on GMC Canyon Insurance in Nashville

Having to pay for expensive auto insurance in Nashville can bleed your funds and make it tough to pay other bills. Comparison shopping can help to lower your bills every month.

It’s a fact that auto insurance companies don’t want you to look for cheaper rates. Consumers who shop rates annually are highly likely to switch companies because there is a high probability of finding more affordable rates. Surprisingly, a recent survey revealed that consumers who routinely shopped for cheaper coverage saved about $3,450 over four years as compared to drivers who never shopped around for better prices.

If saving money on GMC Canyon insurance is your ultimate objective, then having a grasp of how to get free comparison quotes and analyze car insurance can help simplify the task of finding more affordable coverage. You have multiple insurers to insure vehicles with, and though it is a good thing to have multiple companies, too many choices makes it more difficult to compare rates for GMC Canyon insurance in Nashville.

Consumers need to do rate comparisons quite often due to the fact that insurance rates tend to go up over time. If you had the best deal on GMC Canyon insurance in Nashville a year ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because you’re about to learn one of the quickest ways to find better rates and still maintain coverage.

GMC Canyon insurance discounts in Nashville

Companies don’t list every discount available very clearly, so the next list breaks down some of the best known as well as some of the hidden discounts that you may qualify for.

• Government Employees – Simply working for the federal government could qualify for a slight premium decrease depending on your company.
• Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS and/or traction control can reduce accidents and therefore earn up to a 10% discount.
• Pay Upfront and Save – By paying your policy upfront rather than spreading payments over time you can avoid the installment charge.
• Savings for New Vehicles – Buying a new car instead of a used Canyon can save you some money since new model year vehicles have better safety ratings.
• Mature Driver Discount – If you qualify as a senior citizen, you could receive better car insurance rates.
• Passive Restraint Discount – Factory options such as air bags and/or automatic seat belt systems could see savings as much as 30%.
• Telematics Devices – Drivers that enable companies to look at their driving habits by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates if they are good drivers.

While discounts sound great, it’s important to understand that most credits do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears all those discounts means the company will pay you, it’s just not the way it works.

The chart below shows the difference between GMC Canyon insurance premiums with and without policy discounts. The price estimates are based on a female driver, no tickets, no at-fault accidents, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, multi-car, safe-driver, and claim-free discounts applied.

Companies and their possible discounts can be read below.

• State Farm discounts include safe vehicle, multiple autos, Drive Safe & Save, good driver, and passive restraint.
• Esurance offers premium reductions for online shopper, multi-car, good driver, anti-lock brakes, and Pac-12 alumni.
• Progressive includes discounts for online signing, good student, continuous coverage, homeowner, multi-vehicle, and online quote discount.
• Liberty Mutual has discounts for preferred payment discount, new vehicle discount, hybrid vehicle, newly married, teen driver discount, and good student.
• Auto-Owners Insurance may include discounts for multi-policy, paid in full, teen driver, paperless, group or association, anti-theft, and company car.
• GEICO may offer discounts for emergency military deployment, federal employee, air bags, driver training, military active duty, multi-policy, and defensive driver.

It’s a good idea to ask every prospective company to apply every possible discount. Some of the discounts discussed earlier may not be available in Nashville.

The providers in the list below offer comparison quotes in Tennessee. If multiple companies are listed, we recommend you get price quotes from several of them to get the best price comparison.

Insurance coverage details

The premium information below highlights a range of coverage costs for GMC Canyon models. Learning more about how insurance rates are calculated can be valuable when making informed decisions when comparing rate quotes.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Information does not factor in your specific Nashville location which can increase or decrease price quotes greatly.

Physical damage deductibles

One of the most common insurance questions is where to set your physical damage deductibles. The premium rates below approximate the differences in price of buying low and high insurance deductibles. The first data table uses a $250 deductible and the second data table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Information does not factor in vehicle location which can alter rates substantially.

Based on the above data, using a $250 deductible costs approximately $21 more each month or $252 annually than opting for the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 36 months between claims, you would save money by selecting a higher deductible.

The chart below demonstrates how deductible levels and can raise or lower GMC Canyon insurance rates for different ages of insureds. The prices are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

Annual premiums comparing men and women in Nashville

The illustration below shows the comparison of GMC Canyon auto insurance rates for male and female drivers. Data assumes no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no other discounts are factored in.

Does full coverage make sense?

The diagram below shows the comparison of GMC Canyon insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule of when to phase out full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your GMC Canyon replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $3,000 after you pay the deductible. If it’s costing you more than $300 annually to have full coverage, then it may be the right time to buy liability only.

There are some conditions where dropping full coverage is not recommended. If you haven’t paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Can’t I compare rate quotes from local Nashville insurance agencies?

A lot of people would rather buy from a licensed agent and that is OK! Experienced insurance agents can answer important questions and help submit paperwork. An additional benefit of comparing auto insurance online is the fact that drivers can get the best rates but still work with a licensed agent.

After filling out this quick form, your information is immediately sent to local insurance agents in Nashville that can give you free Nashville car insurance quotes for your business. You won’t need to contact any agents since rate quotes are delivered immediately to your email address. If you want to compare prices from a specific auto insurance provider, feel free to visit that company’s website and give them your coverage information.

Picking the best insurance company requires you to look at more than just the price. A good agent in Nashville will have answers to these questions.

• Are aftermarket or OEM parts used to repair vehicles?
• How long have they been in business?
• Is there a Errors and Omissions policy in force?
• Will the agent or a CSR service your policy?
• Did they already check your driving record and credit reports?
• Do they assist clients in filing claims?
• Do they have a Better Business Bureau rating in Nashville?

When narrowing the list to find a reliable agent, there are two types of agencies that you can choose from. Auto insurance agencies are categorized either independent (non-exclusive) or exclusive. Either can provide auto insurance policies, but it’s important to point out the difference in the companies they write for because it may have an impact on buying decisions.

Exclusive Auto Insurance Agents

These type of agents can only quote rates from one company such as American Family, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents receive extensive training in insurance sales which aids in selling service over price.

Shown below are Nashville exclusive insurance agencies who may provide you with price quote information.

More insurance agents

Independent Agents (or Brokers)

Agents in the independent channel are not required to write business for one company so they can quote policies with lots of companies and find the cheapest rate. If prices rise, they simply move your policy to a different company and you won’t have to switch agencies.

If you are comparing auto insurance prices, you will definitely want to get several quotes from several independent insurance agents to have the most options to choose from.

Below are Nashville independent insurance agencies who can help you get price quote information.

More insurance agents

Final considerations

We just showed you a lot of techniques to get a better price on GMC Canyon insurance in Nashville. It’s most important to understand that the more providers you compare, the better likelihood of getting inexpensive Nashville car insurance quotes. Consumers may even find the best premium rates are with some of the smallest insurance companies. These companies may often insure only within specific states and give better rates compared to the large companies like Allstate, GEICO and Progressive.

When searching for affordable Nashville car insurance quotes, it’s not a good idea to buy less coverage just to save a little money. There have been many cases where someone dropped collision coverage and found out when filing a claim they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage at the best cost and still be able to protect your assets.

Low-cost GMC Canyon insurance in Nashville can be purchased online as well as from independent agents in Nashville, so you should compare both so you have a total pricing picture. A few companies do not offer price quotes online and most of the time these small, regional companies only sell coverage through local independent agents.

How to quote cheaper GMC Canyon insurance in Nashville

If your goal is the lowest price, then the best way to quote cheaper car insurance rates in Nashville is to compare prices at least once a year from providers who provide auto insurance in Tennessee. This can be done by completing these steps.

Step 1: Take a little time to learn about how auto insurance works and the changes you can make to prevent expensive coverage. Many rating criteria that cause high rates such as accidents, careless driving, and a bad credit rating can be remedied by making minor changes to your lifestyle.

Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO or State Farm, while independent agents can quote rates for a wide range of companies.

Step 3: Compare the price quotes to your existing policy to see if cheaper Canyon coverage is available in Nashville. If you find a lower rate and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

One bit of advice is that you’ll want to compare identical limits and deductibles on every price quote and and to get rate quotes from as many car insurance companies as possible. Doing this ensures the most accurate price comparison and the best price quote selection.

More detailed car insurance information is available in these articles:

• How to Avoid Common Accidents (State Farm)
• Who Has Cheap Nashville Car Insurance Quotes for Nurses? (FAQ)
• How Much are Car Insurance Rates for Retired Military in Nashville? (FAQ)
• Who Has the Cheapest Nashville Auto Insurance for a Nissan Altima? (FAQ)
• Who Has Affordable Auto Insurance for Low Mileage Drivers in Nashville? (FAQ)
• Auto Theft Statistics (Insurance Information Institute)
• Anti-Lock Brake FAQ (iihs.org)
• Auto Insurance FAQ (Farmers Insurance)