Did you fall for a flashy sales pitch and buy an expensive car insurance policy? It’s quite common and many Nashville drivers feel the same as you.
It’s an obvious conclusion that car insurance companies don’t want their policyholders to compare prices. Drivers who compare other prices will most likely buy a new policy because there is a great chance of finding good coverage at a lower price. A recent survey found that consumers who regularly compared price quotes saved an average of $72 a month as compared to drivers who never shopped around for better prices.
If saving money on auto insurance is your objective, then knowing how to get rate quotes and compare insurance can help simplify the process. Insurance companies such as GEICO and Progressive persitently shower you with fancy advertisements and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.
Nashville insurance discounts
Companies that sell car insurance do not list every discount they offer very well, so we took the time to find some of the more common and also the more inconspicuous discounts that you can inquire about if you buy Nashville car insurance online. If you are not receiving all the discounts you deserve, you’re paying more than you need to.
- Good Drivers – Insureds without accidents may save up to 50% more than drivers with accidents.
- Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control can reduce accidents so you can save 10 percent or more.
- Buy New and Save – Buying a new car instead of a used Mustang can be considerably cheaper due to better safety requirements for newer models.
- Bundled Policy Discount – If you have multiple policies and place coverage with the same company you will save as much as 10 to 15 percent.
- Defensive Driver Discounts – Completing a safe driver class can save you 5% or more and easily recoup the cost of the course.
- Nashville Homeowners Discount – Owning a home in Nashville can help you save on insurance since home ownership requires a higher level of personal finance.
- Multi-car Discount – Having primary and secondary vehicles with the same company may reduce the rate for each vehicle.
- E-sign – A few larger companies give back up to $50 get Nashville car insurance online.
- Membership in Organizations – Joining a qualifying organization may earn a discount on insurance.
- Air Bag Discount – Vehicles equipped with air bags can get savings of 25 to 30%.
We need to note that most discount credits are not given to the overall cost of the policy. Most only cut the price of certain insurance coverages like medical payments or collision. So when the math indicates you could get a free insurance policy, companies don’t profit that way.
The example below visualizes the comparison of Ford Mustang auto insurance costs with and without discounts applied to the premium. The data is based on a female driver, no claims, a clean driving record, Tennessee state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, multi-car, multi-policy, and marriage discounts applied.
Popular insurance companies and some of the discounts are outlined below.
- State Farm discounts include anti-theft, good driver, multiple policy, Drive Safe & Save, and defensive driving training.
- GEICO may offer discounts for air bags, daytime running lights, good student, anti-lock brakes, seat belt use, multi-policy, and five-year accident-free.
- Liberty Mutual policyholders can earn discounts including newly retired, safety features, good student, new move discount, teen driver discount, new vehicle discount, and hybrid vehicle.
- The Hartford includes discounts for air bag, defensive driver, driver training, anti-theft, vehicle fuel type, and good student.
- MetLife may include discounts for claim-free, accident-free, good driver, good student, and multi-policy.
- Progressive has discounts for homeowner, good student, continuous coverage, online quote discount, and multi-policy.
Double check with each company or agent to apply every possible discount. Some discounts listed above might not apply in Nashville. If you would like to view providers with discount insurance rates in Nashville, click this link.
First Step: Get free Ford Mustang insurance quotes
The companies in the list below are our best choices to provide free quotes in Tennessee. To buy cheap auto insurance in Nashville, we recommend you compare several of them to get the best price comparison.
Insurance coverage details
The premium table shown next covers estimates of policy rates for Ford Mustang models. Having a better understanding of how prices are formulated is important to be able to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $156 | $350 | $326 | $20 | $98 | $950 | $79 |
| Mustang 2-Dr Coupe | $156 | $350 | $408 | $24 | $122 | $1,060 | $88 |
| Mustang GT 2-Dr Convertible | $176 | $404 | $326 | $20 | $98 | $1,024 | $85 |
| Mustang GT 2-Dr Coupe | $176 | $404 | $408 | $24 | $122 | $1,134 | $95 |
| Mustang Shelby GT500 2-Dr Convertible | $196 | $510 | $326 | $20 | $98 | $1,150 | $96 |
| Mustang Shelby GT500 2-Dr Coupe | $216 | $562 | $408 | $24 | $122 | $1,332 | $111 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in your specific Nashville location which can decrease or increase prices noticeably.
Raise deductibles and save
When buying insurance, a common question is where to set your physical damage deductibles. The following tables determine the price difference of buying low and high comp and collision deductibles. The first table uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $224 | $444 | $288 | $18 | $86 | $1,085 | $90 |
| Mustang 2-Dr Coupe | $224 | $444 | $360 | $22 | $108 | $1,183 | $99 |
| Mustang GT 2-Dr Convertible | $252 | $510 | $288 | $18 | $86 | $1,179 | $98 |
| Mustang GT 2-Dr Coupe | $252 | $510 | $360 | $22 | $108 | $1,277 | $106 |
| Mustang Shelby GT500 2-Dr Convertible | $280 | $644 | $288 | $18 | $86 | $1,341 | $112 |
| Mustang Shelby GT500 2-Dr Coupe | $310 | $712 | $360 | $22 | $108 | $1,537 | $128 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $138 | $278 | $288 | $18 | $86 | $808 | $67 |
| Mustang 2-Dr Coupe | $138 | $278 | $360 | $22 | $108 | $906 | $76 |
| Mustang GT 2-Dr Convertible | $156 | $320 | $288 | $18 | $86 | $868 | $72 |
| Mustang GT 2-Dr Coupe | $156 | $320 | $360 | $22 | $108 | $966 | $81 |
| Mustang Shelby GT500 2-Dr Convertible | $174 | $406 | $288 | $18 | $86 | $972 | $81 |
| Mustang Shelby GT500 2-Dr Coupe | $192 | $448 | $360 | $22 | $108 | $1,130 | $94 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in your specific Nashville location which can affect premiums significantly.
Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $27 more each month or $324 for a full year across all Ford Mustang models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 28 months between claims, you would probably save some money if you elect the higher deductible.
The information below demonstrates how deductibles and can impact Ford Mustang insurance costs for different age groups. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
Full coverage versus liability only rates
The example below visualizes the comparison of Ford Mustang auto insurance rates with full coverage and liability only. The data assumes no accidents, no driving violations, $100 deductibles, drivers are single, and no discounts are factored in.
Deciding between full coverage and liability only
There isn’t a steadfast formula of when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s assume your Ford Mustang settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after the policy deductible has been paid. If you are currently paying more than $400 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
When do I need to have guidance from an insurance agency?
Some consumers would rather sit down with an agent. Good agents can point out coverage gaps and help submit paperwork. A nice benefit of comparing auto insurance online is you may find cheap auto insurance quotes and still have a local agent.
To make it easy to find an agent, after completing this simple form, the quote information is sent to local insurance agents in Nashville that give free quotes to get your business. You never need to search for an agent because quoted prices will be sent to the email address you provide. If you wish to get a price quote from a specific insurance company, you would need to go to their quote page and fill out the quote form the provide.
Choosing a company requires more thought than just the premium amount. Any agent in Nashville should be forthright in answering these questions:
- Do they offer accident forgiveness?
- What is the agency’s Better Business Bureau rating?
- How much can you save by raising your physical damage deductibles?
- If you are a high risk driver, do they have special markets for your coverage?
- Will the agent or a CSR service your policy?
- Do they receive special compensation for putting your coverage with one company over another?
Not all car insurance agents are the same
If you are wanting to find a local Nashville insurance agent, it’s important to understand the types of agencies and how they can quote your rates. Nashville agents can be categorized as either exclusive or independent. Either one can do a good job, but it’s important to point out the differences since it may influence your agent selection.
Exclusive Agents
Exclusive agencies can only quote rates from one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to shop your coverage around so you might not find the best rates. Exclusive agencies are highly trained on the products they sell and that can be a competitive advantage.
Listed below is a list of exclusive insurance agents in Nashville that can give you price quote information.
Arnie Phipps – State Farm Insurance Agent
4811 Trousdale Dr c – Nashville, TN 37220 – (615) 833-1300 – View Map
Holly Williams – State Farm Insurance Agent
8010 TN-100 – Nashville, TN 37221 – (615) 662-1551 – View Map
Phill Pharr – State Farm Insurance Agent
5814 Nolensville Pike #108 – Nashville, TN 37211 – (615) 832-0897 – View Map
Independent Agencies or Brokers
Agents of this type do not work for one specific company and that allows them to write policies with a variety of different insurance companies and find you cheaper rates. If premiums increase, your agent can switch companies and that require little work on your part.
If you need lower rates, we highly recommend that you get insurance quotes from independent agents to ensure the widest selection of prices.
Shown below is a short list of independent agencies in Nashville that are able to give price quotes.
Hale Insurance, LLC
301 29th Ave N – Nashville, TN 37203 – (615) 321-4150 – View Map
Chamberlain Insurance Agency
4741 Trousdale Dr #104 – Nashville, TN 37220 – (615) 922-2317 – View Map
Varallo Insurance Agency
296 White Bridge Pike – Nashville, TN 37209 – (615) 352-5747 – View Map
Upon getting acceptable answers to these questions and locked in a price quote, chances are good that you have found an insurance agent that meets the criteria to properly service your auto insurance policy.
Ratings for Nashville car insurance companies
Ending up with the right insurance company can be difficult considering how many choices drivers have in Tennessee. The company rank data below could help you pick which insurers to look at when shopping your coverage around.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Don’t give up on cheaper premiums
As you quote Nashville car insurance, never skimp on coverage in order to save money. In many instances, someone dropped collision coverage only to discover later that the few dollars in savings costed them thousands. The goal is to purchase plenty of coverage at the lowest possible cost, not the least amount of coverage.
We covered some good ideas how you can lower your Ford Mustang insurance rates in Nashville. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding inexpensive Nashville car insurance quotes. You may even discover the biggest savings come from the smaller companies. Some small companies can often insure niche markets at a lower cost than their larger competitors like State Farm and Allstate.
How to find affordable Ford Mustang insurance in Nashville
The most effective way to get discount Ford Mustang insurance in Nashville is to compare prices annually from companies who sell auto insurance in Tennessee. Prices can be compared by following these guidelines.
First, try to comprehend what coverages are included in your policy and the measures you can control to drop your rates. Many policy risk factors that result in higher prices like traffic violations and an unacceptable credit score can be controlled by being financially responsible and driving safely.
Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like Progressive and State Farm, while independent agencies can give you price quotes from multiple companies.
Third, compare the quotes to the price on your current policy to see if cheaper Mustang coverage is available in Nashville. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
Fourth, provide notification to your current company of your intention to cancel your current policy. Submit any necessary down payment along with the completed application to your new company or agent. As soon as you can, place the new certificate of insurance with the vehicle registration.
A good tip to remember is that you use the same coverage limits and deductibles on each quote and and to get price estimates from as many different insurance providers as possible. Doing this helps ensure a level playing field and the best price quote selection.
To learn more, link through to the articles below:
- Understanding your Policy (NAIC.org)
- What Car Insurance is Cheapest for a Nissan Sentra in Nashville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for High School Students in Nashville? (FAQ)
- What Insurance is Cheapest for 17 Year Olds in Nashville? (FAQ)
- Who Has the Cheapest Auto Insurance for a Nissan Versa in Nashville? (FAQ)
- Who Has Affordable Nashville Auto Insurance Rates for Felons? (FAQ)
- Who Has Cheap Nashville Car Insurance Rates for Lyft Drivers? (FAQ)
- How Much is Nashville Auto Insurance for 18 Year Olds? (FAQ)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- What does Personal Injury Protection (PIP) Cover? (Allstate)