How long has it been since you compared the cheapest auto insurance rates in Nashville, TN? Nashville drivers have a choice when trying to find the lowest priced Lexus GS 450h insurance. They can either spend hours contacting agents to get rate comparisons or use the internet to make rate comparisons.
There are both good and bad ways to shop for auto insurance and you need to know the quickest way to price shop coverage for a new or used Lexus and find the lowest price either online or from Nashville insurance agents.
You should take the time to get comparison quotes before your next renewal because prices are adjusted regularly by insurance companies. Even if you got the lowest rates on Lexus GS 450h insurance in Nashville a couple years back you may be paying too much now. There is lot of inaccurate information about GS 450h insurance on the internet, but I’m going to show you some of the best ways to lower your auto insurance bill.
Companies offering Lexus GS 450h insurance in Tennessee
The following companies provide quotes in Tennessee. To locate cheap car insurance in TN, it’s a good idea that you visit as many as you can in order to find the cheapest rates.
Rates and information analytics
The premium table displayed next outlines detailed analysis of coverage prices for Lexus GS 450h models. Learning more about how insurance premiums are figured is important for you to make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $216 | $456 | $304 | $18 | $90 | $1,084 | $90 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Information does not factor in specific Nashville garaging location which can modify insurance rates greatly.
Impact of citations and accidents on Nashville insurance rates
The illustration below shows how speeding tickets and at-fault claims can drive up Lexus GS 450h yearly insurance costs for different age groups. The costs are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
Rate comparison of full coverage and liability-only
The chart below visualizes the comparison of Lexus GS 450h car insurance costs when comparing full coverage to liability only. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no other discounts are factored in.
Should you pay for full coverage or liability only?
There is no specific rule for excluding physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s pretend your Lexus GS 450h book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,000 after the policy deductible has been paid. If you are paying in excess of $500 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are a few cases where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Car insurance discounts are available to cut your rates
Companies do not list all available discounts very well, so the following is a list of a few of the more common as well as some of the hidden credits that may apply to you. If you don’t get every credit possible, you are not getting the best rate possible.
- Payment Method – If you pay your bill all at once instead of making monthly payments you can avoid monthly service charges.
- Air Bags and Passive Restraints – Vehicles equipped with air bags can get savings of 25 to 30%.
- Good Grades Discount – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
- Bundle and Save – If you can bundle your auto and home insurance and place coverage with the same company they may give you a discount of 10% to 20% off each policy.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles help deter theft and that can save you a little bit as well.
- Safe Drivers – Drivers without accidents can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
- Buy New and Save – Adding a new car to your policy can cost up to 25% less compared to insuring an older model.
- Own a Home and Save – Owning a home in Nashville may earn you a small savings since owning and maintaining a home shows financial diligence.
- Low Mileage – Maintaining low annual mileage can qualify you for discounted rates on garaged vehicles.
- Onboard Data Collection – Nashville drivers who agree to allow their car insurance company to scrutinize driving patterns by using a telematic data system such as State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
It’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most only reduce specific coverage prices like collision or personal injury protection. So even though they make it sound like you could get a free car insurance policy, you aren’t that lucky. But all discounts will definitely lower the amount you pay for coverage.
The illustration below illustrates the difference between Lexus GS 450h insurance costs with and without discounts being applied to the rates. The premiums assume a female driver, a clean driving record, no claims, 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 marriage, safe-driver, multi-car, claim-free, multi-policy, and homeowner discounts applied.
Companies and some of their more popular discounts are detailed below.
- State Farm policyholders can earn discounts including Steer Clear safe driver discount, passive restraint, student away at school, accident-free, multiple autos, and driver’s education.
- GEICO may include discounts for daytime running lights, membership and employees, driver training, military active duty, anti-theft, multi-vehicle, and multi-policy.
- Progressive may offer discounts for good student, multi-vehicle, multi-policy, online signing, and online quote discount.
- 21st Century offers discounts for 55 and older, air bags, theft prevention, early bird, driver training, automatic seat belts, and teen driver.
- American Family may have discounts that include bundled insurance, air bags, good driver, multi-vehicle, Steer into Savings, and defensive driver.
- The Hartford has discounts for defensive driver, bundle, air bag, good student, vehicle fuel type, and anti-theft.
- AAA has savings for good driver, pay-in-full, multi-policy, good student, and anti-theft.
If you need cheaper Nashville car insurance quotes, ask every insurance company how many discounts you can get. Some of the earlier mentioned discounts might not be available to policyholders everywhere. To locate companies with discount car insurance rates in Nashville, follow this link.
Your situation helps dictate your coverage
Keep in mind that when it comes to choosing coverage online or from an agent for your vehicles, there really is no perfect coverage plan. Your needs are unique to you so your insurance should reflect that
Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.
- When would I need additional glass coverage?
- How high should my uninsured/underinsured coverage be in Tennessee?
- Which companies will insure me after a DUI?
- At what point should I drop full coverage?
- Does my Lexus GS 450h qualify for pleasure use?
- What is GAP insurance?
- Do I need PIP coverage since I have good health insurance?
- What companies insure drivers after a DUI or DWI?
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Are insurance agencies obsolete?
A lot of people would rather sit down with an agent and that is OK! Insurance agents can make sure you are properly covered and will help you if you have claims. The biggest benefit of comparing rate quotes online is that drivers can save money and get lower prices and still buy from a local agent. Buying from and supporting local agencies is important especially in Nashville.
Upon completion of this short form, your coverage information is emailed to participating agents in Nashville who will give you bids and help you find cheaper coverage. It makes it easy because there is no need to do any legwork because quoted prices will be sent to you instantly. If you want to compare rates from a specific auto insurance provider, just find their quoting web page and give them your coverage information.
When searching for a reputable insurance agent or broker, you need to know there are two different agency structures and how they operate. Agents can either be exclusive or independent. Either one can provide auto insurance policies, but it is important to understand the subtle differences since it can affect your agent selection.
Independent Agents (or Brokers)
Agents in the independent channel are not locked into one company so they can quote policies with lots of companies and find you cheaper rates. To transfer your coverage to a different company, they can switch companies in-house which is easy for the insured.
If you are comparing auto insurance prices, you will want to get quotes from a couple of independent agencies to maximize your price options. Most can insure with different regional companies which may have better rates.
Featured below is a list of independent agencies in Nashville who may provide free rate quotes.
- Varallo Insurance Agency
296 White Bridge Pike – Nashville, TN 37209 – (615) 352-5747 – View Map - Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900 – View Map - Spann Agency
710 Thompson Ln – Nashville, TN 37204 – (615) 383-8000 – View Map
Exclusive Auto Insurance Agencies
Agents that elect to be exclusive are contracted to one company like Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to provide other company’s prices so you need to shop around if the rates are high. Exclusive agencies are usually quite knowledgeable on their company’s products which can be an advantage. Drivers often buy from the same agent for years mostly because of the brand name rather than low rates.
Below are Nashville exclusive insurance agents willing to provide price quote information.
- Terry W Jones – State Farm Insurance Agent
545 Mainstream Dr Ste 104 – Nashville, TN 37228 – (615) 256-6066 – View Map - Charles Sargent – State Farm Insurance Agent
4094 Hillsboro Pike #202 – Nashville, TN 37215 – (615) 385-1700 – View Map - Allstate Insurance: Fred J. Duke Jr.
171 Belle Forest Cir – Nashville, TN 37221 – (615) 662-1884 – View Map
Picking an insurance agency shouldn’t rely on just a cheap price quote. Here are some questions you should ask.
- Are they actively involved in the community?
- Will a damage claim use OEM or aftermarket replacement parts?
- Does the agency have a positive business rating?
- Do they get extra compensation for selling add-on coverages?
- Which family members are covered?
Educate yourself about auto insurance coverages
Having a good grasp of a auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average auto insurance policy.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Lexus GS 450h.
Due to the fact that many Tennessee drivers only carry the minimum required liability limits (Tennessee limits are 25/50/15), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits do not exceed the liability coverage limits.
Collision coverage protection
This pays for damage to your GS 450h from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like sustaining damage from a pot hole, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible on your GS 450h to get cheaper collision coverage.
Medical expense coverage
Medical payments and Personal Injury Protection insurance provide coverage for bills for EMT expenses, prosthetic devices, chiropractic care, rehabilitation expenses and funeral costs. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
Auto liability
Liability coverage protects you from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/15 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $15,000. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for things such as funeral expenses, medical expenses, medical services, legal defense fees and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford. Tennessee state law requires minimum liability limits of 25/50/15 but you should consider buying more liability than the minimum.
The next chart demonstrates why the minimum limit may not be high enough to adequately cover claims.
Comprehensive protection
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things such as a broken windshield, theft and a tree branch falling on your vehicle. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Tennessee auto insurance companies
Choosing the best car insurance provider can be challenging considering how many different companies there are to choose from in Nashville. The company information in the next section can help you choose which providers to look at comparing rates with.
Top 10 Nashville Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- Esurance
- The General
Top 10 Nashville Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
A conclusion for your car insurance search
While you’re price shopping online, make sure you don’t buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced full coverage only to find out that they should have had better coverage. Your focus should be to get the best coverage possible at the lowest possible cost.
You just learned a lot of tips how to save on Lexus GS 450h insurance in Nashville. It’s most important to understand that the more price quotes you have, the higher your chance of finding affordable Lexus GS 450h insurance quotes. You may even be surprised to find that the most savings is with a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.
How to find low-cost rates for Lexus GS 450h insurance in Nashville
If you want to save the most money, the best way to get discount car insurance rates is to regularly compare price quotes from different companies who provide auto insurance in Nashville. You can shop around by following these steps.
First, try to understand coverages and the things you can control to keep rates in check. Many rating factors that result in higher prices like careless driving and an unacceptable credit rating can be controlled by making minor changes in your lifestyle.
Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Allstate, while independent agents can quote prices from multiple sources.
Third, compare the new rate quotes to your existing rates and see if you can save money. If you find a better price and buy the policy, make sure coverage is continuous and does not lapse.
Fourth, provide adequate notice to your current company to cancel your current coverage. Submit the application along with any required down payment for your new coverage. Once the application is submitted, store the certificate of insurance with the vehicle registration.
A good piece of advice is to use identical limits and deductibles on each quote and and to get prices from every company you can. Doing this provides a level playing field and a good representation of prices.
More detailed car insurance information is located in these articles:
- Teen Driver Statistics (Insurance Information Institute)
- Who Has Affordable Car Insurance for Hybrid Vehicles in Nashville? (FAQ)
- How Much are Nashville Auto Insurance Rates for a Toyota 4Runner? (FAQ)
- Help Your Teen Be a Better Driver (State Farm)
- Vehicle Safety Ratings (iihs.org)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)