It’s well known that auto insurance companies don’t want you quoting rates from other companies. Consumers who shop around for cheaper rates are inclined to buy a new policy because of the high probability of finding a lower-cost company. Remarkably, a study showed that drivers who compared prices once a year saved as much as $850 each year compared to drivers who don’t make a habit of comparing rates.
If finding low prices for auto insurance in Nashville is your ultimate target, then understanding how to get free comparison quotes and analyze coverages can help make the process easier and more efficient.
To save the most money, the best way to get cheaper Honda Fit insurance is to start comparing prices yearly from companies in Nashville. Prices can be compared by completing these steps.
- Spend some time learning about how car insurance works and the steps you can take to prevent expensive coverage. Many factors that drive up the price like traffic violations, accidents, and poor credit history can be controlled by making lifestyle changes or driving safer.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while independent agents can quote prices for a wide range of insurance providers.
- Compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you can save some money, make sure coverage does not lapse between policies.
A crucial key to this process is that you use the same coverage limits and deductibles on each quote and and to get rates from as many different insurance providers as possible. Doing this ensures the most accurate price comparison and a complete price analysis.
Our goal in writing this article let you in on the most effective ways to compare rates and some money-saving tips. If you have coverage now, you will most likely be able to get lower rates using the following tips. But Tennessee car owners must comprehend the way insurance companies calculate your insurance rates.
The quickest way to compare rates for Honda Fit insurance in Nashville is to understand most of the larger companies allow for online access to quote your coverage. The one thing you need to do is provide the companies a bit of rating information including coverage limits, your occupation, marital status, and how much education you have. That rating information is instantly submitted to multiple top-rated companies and they return cost estimate very quickly.
To compare affordable Honda Fit insurance rates now, click here and enter your zip code.
The companies in the list below have been selected to offer comparison quotes in Nashville, TN. If multiple companies are listed, we suggest you visit two to three different companies to get the best price comparison.
Honda Fit insurance rate analysis
The information shown below showcases estimates of insurance premium costs for Honda Fit models. Learning how insurance rates are figured is important for drivers to make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $168 | $388 | $216 | $12 | $64 | $848 | $71 |
| Fit Sport | $192 | $388 | $216 | $12 | $64 | $872 | $73 |
| Fit Sport VSA | $192 | $456 | $216 | $12 | $64 | $940 | $78 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium amounts do not factor in your specific Nashville location which can increase or decrease coverage rates significantly.
Physical damage deductibles
One common question asked by Nashville drivers is what deductibles to buy. The rates shown below highlight the differences in premium rates when you select higher and lower insurance deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $216 | $448 | $190 | $12 | $58 | $949 | $79 |
| Fit Sport | $248 | $448 | $190 | $12 | $58 | $981 | $82 |
| Fit Sport VSA | $248 | $528 | $190 | $12 | $58 | $1,061 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $158 | $304 | $190 | $12 | $58 | $722 | $60 |
| Fit Sport | $182 | $304 | $190 | $12 | $58 | $746 | $62 |
| Fit Sport VSA | $182 | $358 | $190 | $12 | $58 | $800 | $67 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in zip code location which can alter premium rates noticeably.
Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $20 more each month or $240 for a full year than requesting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 20 months between claims, you would most likely save money by going with a higher deductible.
Calculation for raising deductibles
| Average monthly premium for $100 deductibles: | $83 |
| Average monthly premium for $500 deductibles (subtract): | – $63 |
| Monthly savings from raising deductible: | $20 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $20 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
Accidents and violations increase rates
The diagram below highlights how speeding tickets and fender-benders can affect Honda Fit insurance prices for different categories of driver ages. The price estimates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
Does it make sense to buy full coverage?
The information below visualizes the comparison of Honda Fit insurance prices with liability coverage only compared to full coverage. The premiums assume a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.
When to drop comprehensive and collision
There isn’t a steadfast formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Honda Fit claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after the deductible is paid. If you are paying over $200 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some scenarios where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Choosing the best vehicle insurance in Tennessee is an important decision
Despite the high cost, auto insurance is a good idea for several reasons.
- The majority of states have mandatory insurance requirements which means the state requires a specific level of liability in order to license the vehicle. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Fit has a lienholder, more than likely the lender will make it a condition of the loan that you have full coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Honda at an extremely high rate and force you to pay for the much more expensive policy.
- Auto insurance protects both your assets and your vehicle. Insurance will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If you have damage to your Honda as the result of the weather or an accident, comprehensive and/or collision insurance will cover the repair costs.
The benefits of having insurance definitely exceed the cost, particularly when you have a large claim. On average, a vehicle owner in Nashville is wasting up to $855 a year so smart consumers compare quotes every year to be sure current rates are still competitive.
How Car Insurance Companies Determine Honda Fit Insurance Costs
An important part of buying insurance is that you know some of the factors that help calculate your premiums. If you know what controls the rates you pay, this enables you to make decisions that will entitle you to much lower annual insurance costs. Many different elements are part of the equation when you get a price on insurance. Some of the criteria are obvious like an MVR report, but other criteria are not quite as obvious like where you live or your commute time.
- Keep the miles off and save – Driving more miles in a year’s time the more it will cost to insure it. The majority of insurers calculate prices partially by how you use the vehicle. Autos that do not get driven very much can be on a lower rate level than cars that get driven a lot. Make sure your insurance declarations sheet is showing how each vehicle is driven, because it can save money. A policy that improperly rates your Fit may be costing you higher rates.
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Which gender costs less? – Statistics have proven women are more cautious behind the wheel. However, this does not mean females are better at driving than males. Both sexes are in at-fault accidents in similar numbers, but males have costlier accidents. In addition to higher claims, males also have more aggressive citations like reckless driving and DUI.
The diagram below shows the difference between Honda Fit yearly insurance costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
- Save money by raising coverage deductibles – Insurance for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your Honda. Some examples of claims that would be covered could be a broken side mirror, damage from fire, and damage caused by flying debris. The deductibles tell how much you are willing to pay if a covered claim is submitted. The more damage repair cost you choose to pay out-of-pocket, the less your insurance will be.
- Get cheaper premiums after the wedding – Getting married can get you a discount on insurance. Having a significant other may mean you are less irresponsible and insurance companies like that being married results in fewer claims.
- Insure your auto and home with one company – Many insurers apply discounts to customers that purchase more than one policy, otherwise known as a multi-policy discount. Discounts can be ten or even fifteen percent. If you currently are using one company, consumers should still comparison shop to help guarantee you have the best rates. It’s possible to still save more without the discount even if you have your coverage with different companies
- No policy lapses saves money – Allowing your insurance policy to lapse will be a quick way to increase your renewal premiums. And not only will insurance be more expensive, the inability to provide proof of insurance can result in fines and jail time.
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Insurance loss data for a Honda Fit – Insurance companies use past loss statistics for each vehicle when they file their rates in each state. Models that the data determines to have higher frequency or amount of claims will be charged more to insure.
The table below demonstrates the historical loss data for Honda Fit vehicles. For each coverage category, the claim amount for all vehicles averaged together equals 100. Numbers shown that are under 100 suggest losses that are better than average, while values over 100 indicate a higher chance of having a claim or statistically larger claims.
Honda Fit Insurance Claim Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda Fit 89 78 90 99 97 92 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Affordable rates on Honda Fit insurance in Nashville with these discounts
Auto insurance is expensive, but you might already qualify for some discounts that may help make it more affordable. Some discounts will apply at the time of quoting, but a few need to be specifically requested before you will receive the discount.
- Discount for Home Ownership – Just being a homeowner can save a few bucks because of the fact that having a home requires personal responsibility.
- Passenger Safety Discount – Factory options such as air bags can get savings of more than 20%.
- No Charge for an Accident – Not a discount per se, but companies like State Farm and Progressive may permit one accident before they charge you more for coverage if your claims history is clear for a specific time period.
- Savings for New Vehicles – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it can save substantially.
- Federal Employees – Having worked for a branch of the government may reduce rates when you quote Nashville car insurance with select insurance companies.
- Driving Data Discount – Nashville drivers who agree to allow driving data collection to monitor driving patterns by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction if their driving habits are good.
- Smart Student Discounts – Excelling in school can earn a discount of 20% or more. The good student discount can last up to age 25.
- Military Deployment Discount – Having a family member in the military could be rewarded with lower prices.
- ABS and Traction Control Discounts – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
Just know that some of the credits will not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, it doesn’t quite work that way.
The diagram below illustrates the comparison of Honda Fit yearly insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims, a clean driving record, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, marriage, and homeowner discounts applied.
If you would like to see a list of providers that have a full spectrum of discounts in Tennessee, click this link.
Are auto insurance agents obsolete?
Certain consumers just prefer to buy from a licensed agent and that is OK! An additional benefit of comparing rate quotes online is you may find the best rates and still have a local agent. And supporting local insurance agents is still important in Nashville.
Once you complete this form (opens in new window), your coverage information is sent to insurance agents in Nashville that can provide free Nashville car insurance quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact an agency as quotes are delivered immediately to you. Get lower rates without requiring a lot of work. If you need to quote rates from a specific company, you just need to navigate to their website and submit a quote form there.
If you would like to find a good insurance agency, there are a couple of types of insurance agents and how they work. Agents can be categorized as either independent (non-exclusive) or exclusive.
Independent Car Insurance Agents
These agents do not work for one specific company so they have the ability to put coverage through lots of different companies and find the cheapest rate. To transfer your coverage to a different company, the agent simply finds a different carrier which requires no work on your part. When searching for an agent, you will want to include price quotes from at a minimum one independent agency to ensure the widest selection of prices. Many can place coverage with additional companies that you may not be familiar with that may have much lower rates than larger companies.
Featured below is a short list of independent agents in Nashville that can possibly get you competitive price quotes.
- Spann Agency
710 Thompson Ln – Nashville, TN 37204 – (615) 383-8000 – View Map - Nationwide Insurance: Eric Pirtle Insurance Agency
2630 Old Lebanon Rd – Nashville, TN 37214 – (615) 889-3640 – View Map - Eric Jans Insurance Agency
1805 Ordway Pl – Nashville, TN 37206 – (615) 478-7146 – View Map
Exclusive Agents
Agents that elect to be exclusive can usually just insure with one company such as Farmers Insurance or State Farm. They usually cannot provide other company’s prices so you might not find the best rates. Exclusive agents receive a lot of sales training on the products they sell which aids in selling service over price. Some consumers prefer to buy insurance from these agents primarily because of the prominent brand name and the convenience of having a single billing for all their coverages.
Shown below is a short list of exclusive agents in Nashville that are able to give rate quotes.
- Mike Maclean – State Farm Insurance Agent
3922 Gallatin Pike – Nashville, TN 37216 – (615) 891-1241 – View Map - Allstate Insurance: Royce Williams
5517 Charlotte Pike – Nashville, TN 37209 – (615) 356-4800 – View Map - Arnie Phipps – State Farm Insurance Agent
4811 Trousdale Dr c – Nashville, TN 37220 – (615) 833-1300 – View Map
Finding the right insurance agent requires more thought than just a cheap price quote. Get answers to these questions too.
- How often do they review policy coverages?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they have cheaper tiers of coverage?
- Will high miles depreciate repair valuations?
- How are claims handled?
- Do they offer accident forgiveness?
- Do they receive special compensation for putting your coverage with one company over another?
- Are aftermarket or OEM parts used to repair vehicles?
If you get good responses as well as offering an affordable quote, chances are good that you have found a car insurance agent that can be trusted to properly insure your vehicles.
Tennessee car insurance company ratings
Buying coverage from the best company can be difficult considering how many companies sell insurance in Nashville. The ranking information in the lists below may help you select which companies to look at when comparing rate quotes.
| 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
Final considerations
Consumers change insurance companies for a variety of reasons including high prices, delays in paying claims, poor customer service or even extreme rates for teen drivers. Whatever your reason, finding the right car insurance provider is not as hard as you think.
We just showed you many ideas to compare Honda Fit insurance premium rates in Nashville. It’s most important to understand that the more providers you compare, the better your comparison will be. You may even find the best price on car insurance is with some of the lesser-known companies.
Cheaper Honda Fit insurance in Nashville is attainable from both online companies in addition to many Nashville insurance agents, and you need to comparison shop both to get a complete price analysis. Some car insurance companies may not offer the ability to get quotes online and many times these small, regional companies work with local independent agencies.
Other resources
- Distracted Driving Extends Beyond Texting (State Farm)
- Who Has the Cheapest Car Insurance Quotes for High Risk Drivers in Nashville? (FAQ)
- What Auto Insurance is Cheapest for a School Permit in Nashville? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Choosing an Insurance Company (Insurance Information Institute)