Unbelievable but true according to a study the vast majority of car insurance customers kept their coverage with the same car insurance company for at least the last four years, and 38% of drivers have never taken the time to shop around. Consumers in Nashville could save themselves 35% a year just by comparing rates, but they think it’s difficult to save money by comparing rate quotes.
It takes a few minutes, but the best way to get budget car insurance rates is to compare prices at least once a year from insurance carriers in Nashville.
First, learn about how companies set rates and the factors you can control to lower rates. Many rating factors that increase rates such as speeding tickets, careless driving and an imperfect credit score can be remedied by paying attention to minor details. This article gives information to help reduce prices and find more discounts that you may not know about.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO or Allstate, while independent agencies can quote rates from multiple companies. View a list of agents
Third, compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you can save money, ensure there is no coverage lapse between policies.
One key aspect when comparing rates is to use the same coverage limits and deductibles on every quote and and to look at as many companies as possible. Doing this guarantees a level playing field and and a good selection of different prices.
If you are already insured or need new coverage, use these tips to reduce premiums and possibly find even better coverage. Locating the best rates in Nashville is quite easy. Smart buyers just have to use the proper methods to compare rates online.
Most companies allow you to get coverage prices on the web. Doing online quotes for Hyundai Equus insurance in Nashville is quite simple as all you need to do is type in the amount of coverage you want as requested by the quote form. Once entered, the quote system gets your driving record and credit report and returns a price quote determined by many factors. This makes comparing rates easy, and it’s very important to perform this step in order to find a lower rate.
If you want to compare pricing, check out the auto insurance providers below. To compare your current rates, we recommend you copy the insurance coverages just like they are on your policy. Using the same limits helps guarantee you will have a price comparison for similar insurance coverage.
The providers in the list below offer comparison quotes in Nashville, TN. If multiple companies are listed, we recommend you compare several of them in order to find the cheapest rates.
Insurance policy discounts you can’t miss
Insurance can be prohibitively expensive, but there are discounts available that could drop your premiums quite a bit. Some of these discounts will be visible at the time of quoting, but some must be inquired about before you will receive the discount.
- Discount for Life Insurance – Insurance carriers who offer life insurance give a break if you buy some life insurance in addition to your auto policy.
- Membership in Organizations – Affiliation with qualifying employment or professional organizations is a simple method to lower premiums on insurance.
- Save with a New Car – Adding a new car to your policy may earn a small discount since new vehicles are generally safer.
- Defensive Driver – Passing a defensive driver course could earn you a small percentage discount and make you a better driver.
- Auto/Home Discount – If you can bundle your auto and homeowners insurance with the same insurance company you could earn a discount of nearly 15% which can help you find affordable Hyundai Equus insurance rates in Nashville.
Consumers should know that most discount credits are not given to your bottom line cost. Some only reduce the cost of specific coverages such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, you won’t be that lucky.
To choose companies with the best Hyundai Equus insurance discounts in Nashville in Tennessee, click here.
Car insurance is not optional
Despite the high cost, buying car insurance is required by state law in Tennessee and it also provides benefits you may not be aware of.
First, most states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability protection 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.
Second, if you took out a loan on your Hyundai Equus, almost every bank will force you to buy full coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Hyundai at an extremely high rate and require you to fork over the higher price.
Third, insurance safeguards both your Hyundai and your personal assets. It will also pay for most medical and hospital costs that are the result of an accident. One policy coverage, liability insurance, also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car more than cancel out the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver overpays more than $865 each year so it’s recommended you shop around at least once a year to help ensure money is not being wasted.
Local neighborhood insurance agents
Many drivers just want to visit with an insurance agent and that is a personal choice. Good agents are trained risk managers and help you file claims. One of the benefits of comparing insurance prices online is you may find better rates and still have an agent to talk to. Supporting neighborhood agents is important particularly in Nashville.
To find an agent, once you fill out this quick form, your insurance data is emailed to local insurance agents in Nashville who will give you bids for your coverage. You won’t need to do any legwork since rate quotes are delivered to your email. If you want to get a price quote for a specific company, feel free to visit that company’s website and complete a quote there.
Two types of car insurance agents
If you would like to find a local Nashville insurance agent, you must know there are a couple types of insurance agents and how they are slightly different. Nashville agents are either independent or exclusive depending on the company they work for. Either one can sell insurance policies, but it’s good to learn the difference in the companies they write for since it can impact your agent selection.
Independent Insurance Agents
Independent agencies are not required to write business for one company so they can quote policies with lots of companies and find you the best rates. To transfer your coverage to a different company, your policy is moved internally which is easy for the insured.
If you are comparing insurance prices, it’s recommended you get some free quotes from independent agents to get the best comparison.
Featured below is a list of independent insurance agents in Nashville that can give you comparison quotes.
Sturdivant Insurance
1400 Forrest Ave – Nashville, TN 37206 – (615) 943-4962 – View Map
Mills Insurance
4525 Harding Pike Ste 244 – Nashville, TN 37205 – (615) 620-4452 – View Map
Robins Insurance Agency, Inc.
30 Burton Hills Blvd #300 – Nashville, TN 37215 – (615) 665-9200 – View Map
Exclusive Agencies
Exclusive agencies can only quote rates from one company like AAA, Allstate, and State Farm. These agents are unable to shop your coverage around so you need to shop around if the rates are high. They receive extensive training on what they offer which helps them compete with independent agents.
The following are Nashville exclusive agencies willing to provide rate quotes.
Phill Pharr – State Farm Insurance Agent
5814 Nolensville Pike #108 – Nashville, TN 37211 – (615) 832-0897 – View Map
LaShawnda Bryant – State Farm Insurance Agent
7648 Hwy 70 S #10 – Nashville, TN 37221 – (615) 662-9989 – View Map
Michael Davis – State Farm Insurance Agent
2817 West End Ave #209 – Nashville, TN 37203 – (615) 321-3388 – View Map
Finding the right car insurance agent is decision based upon more than just the premium amount. These are some questions your agent should answer.
- Which companies do they recommend if they are an independent agency?
- Do they specialize in personal lines coverage in Nashville?
- Are there any extra charges for paying monthly?
- Which company do they place the most coverage with?
- Will you work with the agent or an assistant?
The coverage is in the details
Having a good grasp of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages available from insurance companies.
Comprehensive auto coverage
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like damage from a tornado or hurricane, hail damage, damage from flooding and theft. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Coverage for liability
This coverage will cover injuries or damage you cause to other people or property by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/15 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $15,000 of coverage for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability can pay for things such as court costs, emergency aid, repair costs for stationary objects, structural damage and pain and suffering. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. Tennessee state law requires minimum liability limits of 25/50/15 but drivers should carry more coverage.
The illustration below demonstrates why the minimum limit may not be enough.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Hyundai Equus.
Since many Tennessee drivers have only the minimum liability required by law (25/50/15), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally these limits are similar to your liability insurance amounts.
Collision protection
This pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as damaging your car on a curb, hitting a mailbox, driving through your garage door and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Equus in order to get cheaper collision rates.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like rehabilitation expenses, hospital visits, doctor visits, funeral costs and EMT expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage