For teenagers, one of the more important components that help determine the amount you pay for auto insurance is your address. Cities with larger populations or higher claim trends likely pay more, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The table below ranks the priciest cities in Tennessee for high school students to purchase car insurance in. Nashville is listed at #16 with a yearly premium of $1,165 on average, which is approximately $97 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Memphis | $1,490 |
| 2 | Bartlett | $1,405 |
| 3 | Germantown | $1,360 |
| 4 | Collierville | $1,309 |
| 5 | Jackson | $1,292 |
| 6 | Oak Ridge | $1,247 |
| 7 | Knoxville | $1,230 |
| 8 | Columbia | $1,226 |
| 9 | Spring Hill | $1,205 |
| 10 | La Vergne | $1,197 |
| 11 | Smyrna | $1,183 |
| 12 | Maryville | $1,172 |
| 13 | Cookeville | $1,171 |
| 14 | Clarksville | $1,170 |
| 15 | Brentwood | $1,168 |
| 16 | Nashville | $1,165 |
| 17 | Murfreesboro | $1,148 |
| 18 | Morristown | $1,137 |
| 19 | Gallatin | $1,133 |
| 20 | Franklin | $1,129 |
| 21 | Chattanooga | $1,127 |
| 22 | Hendersonville | $1,124 |
| 23 | Cleveland | $1,102 |
| 24 | Johnson City | $1,063 |
| 25 | Kingsport | $1,026 |
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Table data uses approximated as specific Nashville garaging address can change price quotes noticeably.
Finding dependable, low-cost car insurance is difficult, and deciding which company offers the cheapest car insurance rates for high school students will take more quotes for comparison.
Each company uses a different method to establish rates, so first we will examine the car insurance companies that tend to be cheaper in Nashville. It’s important to know that Tennessee car insurance rates are influenced by many factors which can substantially change the cost of coverage. Events like a birthday, having a claim, or getting into an accident can trigger changes in premium that may make certain companies more expensive than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $737 |
| 2 | Auto-Owners | $827 |
| 3 | Cincinnati Insurance | $884 |
| 4 | Penn National | $908 |
| 5 | Tennessee Farmers | $951 |
| 6 | USAA | $957 |
| 7 | Erie | $987 |
| 8 | Nationwide | $1,002 |
| 9 | Allied | $1,029 |
| 10 | Westfield | $1,079 |
| 11 | GEICO | $1,122 |
| 12 | Travelers | $1,165 |
| 13 | State Farm | $1,177 |
| 14 | Direct General | $1,201 |
| 15 | State Auto | $1,217 |
| 16 | Shelter | $1,223 |
| 17 | Progressive | $1,226 |
| 18 | The Hartford | $1,258 |
| 19 | Chubb | $1,277 |
| 20 | 21st Century | $1,313 |
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Utica National normally has some of the cheapest car insurance rates in Nashville at around $737 each year. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers also are some of the lowest-priced Nashville, TN auto insurance companies.
As depicted above, if you buy coverage from Auto-Owners and switched to Utica National, you might achieve yearly savings of in the vicinity of $90. Tennessee drivers with Cincinnati Insurance might save as much as $147 a year, and Penn National insureds might lower prices by $171 a year.
To see how much you can save, click here to get a free quote or feel free to get quotes from the companies below.
Bear in mind that those premiums are averages across all drivers and vehicles and do not take into consideration a specific vehicle garaging location for high school students. So the auto insurance company that has the lowest price for you may not even be in the top 30 companies shown above. That’s why you need to quote rates from as many companies as possible using your own individual information.
Full coverage versus liability-only
Finding cheaper car insurance is probably important to the majority of people, and one good way to reduce the cost of insurance for high school students is to only buy liability insurance. The example below illustrates the difference between insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The prices are based on no accidents, no driving violations, $100 deductibles, single status, and no additional discounts are factored in.
As an average, physical damage coverage costs an additional $1,659 per year over liability only. Many people question if paying for full coverage is a waste of money. There is no definitive formula to delete physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
Driving violations and accidents
The ideal way to snag cheap car insurance rates in Nashville for teenagers is to be a safe driver and not get tickets or have accidents. The example below highlights how speeding tickets and accidents can impact insurance costs for different insured age categories. Data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of car insurance per year with no accidents or violations is $1,446. Get one speeding ticket and the average cost hikes up to $1,637, an increase of $191 each year. Then add in one accident along with the one speeding ticket and the annual cost of car insurance for high school students increases to an average of $2,173. That’s an increase of $727, or $61 per month, just for not keeping your driving record clean!
The diagram below demonstrates how deductible levels can increase or decrease insurance rates when searching for cheap insurance for high school students. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are factored in.
In the chart above, a 30-year-old driver could pocket $224 a year by switching from a $100 deductible up to a $500 deductible, or save $340 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old example, could drop their prices up to $670 or even more by choosing a higher deductible.
If you do decide to increase your deductibles, it is necessary to have enough funds in savings to be able to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
If you prefer to have the advice of a professional agent when shopping around for cheaper insurance for high school students, the insurance agencies below are willing to help you make a decision which policy is best. To find a Nashville insurance agency by location nearest to you, click the link at the bottom or click here to compare prices now.
- Zander Insurance Group
6213 Charlotte Pike – Nashville, TN 37209 – (615) 356-1700 - Gail Hughes – State Farm Insurance Agent
2592 Murfreesboro Pike b – Nashville, TN 37217 – (615) 361-1906 - Tim Shrum – State Farm Insurance Agent
4004 Hillsboro Pike Ste B219 – Nashville, TN 37215 – (615) 922-2680