Auto Insurance Rate Quotes for a Scion xB in Nashville

Do you want a faster way to compare more competitive auto insurance rates in Nashville, TN? Nashville drivers have a choice when trying to find low-cost Scion xB insurance. You can either waste hours driving around to get rate comparisons or use the internet to compare rates.

There is a right way and a wrong way to buy auto insurance and you need to know the absolute fastest way to quote coverages on a Scion and find the cheapest rates.

If you have insurance now or need a new policy, use these money-saving tips to lower your rates without reducing protection. Our objective is to instruct you on how to effectively get price quotes and also pocket some savings Smart shoppers just need to know the most efficient way to quote multiple rates from many different companies online.

The companies in the list below provide price quotes in Tennessee. To buy the cheapest auto insurance in Nashville, we recommend you get rate quotes from several of them to get the cheapest price.

Scion xB insurance rates and statistics

The information displayed below covers different rate quotes for Scion xB models. Being able to understand how rate quotes are formulated helps drivers make smart choices when comparing insurance quotes.

Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in specific location information which can decrease or increase rates greatly.

Deductible analysis

One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The figures shown below can help you visualize how much more rates are of buying low and high comp and collision deductibles. The first pricing table uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.

Prices based on 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, multi-policy, and claim-free. Rate quotes do not factor in zip code location which can increase or decrease coverage prices considerably.

Based on the figures above, using a $100 deductible would cost the average driver about $26 more each month or $312 annually averaged for all xB models than buying the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 35 months between claim filings, you would more than likely save some money going with the higher deductible.

Rate difference between full and liability-only coverage

The information below illustrates the difference between Scion xB insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The rates are based on no claims or driving violations, $500 deductibles, single marital status, and no discounts are factored in.

Are you wasting money paying for full coverage?

There isn’t a written rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s say your Scion xB book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after paying your deductible. If you are currently paying more than $700 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some cases where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

What Affects Scion xB Insurance Rates?

A large part of saving on auto insurance is knowing the rating factors that are used to determine the level of your policy premiums. When consumers understand what controls the rates you pay, this enables you to make decisions that could help you find lower premium levels.

• Prices and your address – Having an address in a small town has definite advantages when trying to find low car insurance rates. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft. City drivers have to deal with more traffic problems and more time behind the wheel. More time commuting means a statistically higher chance of an accident.
• Increase coverage deductibles to save – Comp and collision deductibles tell how much you are required to spend out-of-pocket before a claim is paid by your company. Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your car. Some coverage claims are collision with another vehicle, hail damage, and damage caused by road hazards. The more you’re willing to pay, the less money you will pay for auto insurance.
• Married drivers get cheaper prices – Getting married may save some money compared to being single. Marriage is viewed as being more stable financially it has been statistically shown that drivers who are married file infrequent claims.
• Know your credit rating – Credit rating is a large factor in determining your rates. Drivers with very good credit scores tend to be better drivers and file fewer claims as compared to drivers with poor credit scores. If your credit rating is not that good, you could pay less to insure your Scion xB by improving your rating.

• Scion xB claim data – Companies include the past claim history for a vehicle as a tool for profitable underwriting. Models that the statistics show to have higher loss trends will cost more for coverage. The next table shows the actual insurance loss data for Scion xB vehicles.

  For each policy coverage, the statistical loss for all vehicles compiled together is a value of 100. Numbers shown that are under 100 suggest a better than average loss history, while percentages above 100 indicate more frequent claims or larger claims.

  
  

  Scion xB Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Scion xB	86	92	89	148	127	116

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Why you need quality insurance for your vehicle

Even though Nashville xB insurance rates can get expensive, maintaining insurance is required for several reasons.

• Almost all states have minimum liability requirements which means state laws require a specific 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.
• If your xB has a loan, it’s most likely the lender will stipulate that you have insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Scion at a much higher premium rate and require you to reimburse them a much higher amount than you were paying before.
• Insurance safeguards both your vehicle and your assets. Insurance will also pay for medical bills that are the result of an accident. Liability coverage also pays expenses related to your legal defense if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance greatly outweigh the cost, particularly for liability claims. The average driver in America is wasting up to $855 a year so you should quote rates every year to ensure rates are inline.

Car insurance companies ranked

Insuring your vehicle with the top auto insurance company is difficult considering how many companies sell coverage in Nashville. The rank data below may help you choose which car insurance providers to look at to insure your vehicles.

Top 10 Nashville Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Titan Insurance – A+
7. Esurance – A+
8. Progressive – A+
9. Nationwide – A+
10. The Hartford – A+

Top 10 Nashville Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive