The type of vehicle that needs insurance is one of the largest factors that determines whether or not you can buy the best coverage for drivers over age 50. Vehicles with lots of horsepower, poor safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The data below estimates coverage costs for a selection of the cheapest automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,070 |
| Ford Escape XLT 4WD | $1,093 |
| Ford F-150 XLT Regular Cab 2WD | $1,175 |
| Ford Edge SE 2WD | $1,180 |
| Toyota Prius | $1,184 |
| Toyota Tacoma 4WD | $1,198 |
| Ford Focus SE 4-Dr Sedan | $1,242 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,265 |
| Chevrolet Equinox LT 2WD | $1,275 |
| Toyota RAV4 2WD | $1,265 |
| Toyota Camry LE | $1,271 |
| Ford Fusion S 4-Dr Sedan | $1,265 |
| Dodge Grand Caravan SXT | $1,289 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Price information does not factor in specific Nashville, TN garaging location which can increase or decrease auto insurance rates greatly.
Looking at the data, makes and models like the Honda CR-V, Ford Escape, Ford F-150, and Ford Edge are most likely going to be some of the most budget-friendly vehicles to insure for older drivers.
One of the more important components that determine auto insurance rates is your zip code. Cities with more crime and/or more people will most likely pay more, whereas less populated areas have the gratification of cheaper auto insurance rates.
The information below lists the most expensive places in Tennessee for drivers over age 50 to purchase a policy in. Nashville is ranked #17 with an annual cost of $1,165 for the average policy, which is around $97 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Memphis | $1,505 |
| 2 | Bartlett | $1,405 |
| 3 | Germantown | $1,374 |
| 4 | Collierville | $1,349 |
| 5 | Jackson | $1,253 |
| 6 | Oak Ridge | $1,210 |
| 7 | Clarksville | $1,206 |
| 8 | Maryville | $1,196 |
| 9 | Knoxville | $1,194 |
| 10 | Murfreesboro | $1,194 |
| 11 | Smyrna | $1,183 |
| 12 | Cookeville | $1,182 |
| 13 | Columbia | $1,178 |
| 14 | Morristown | $1,171 |
| 15 | Hendersonville | $1,170 |
| 16 | Gallatin | $1,167 |
| 17 | Nashville | $1,165 |
| 18 | Spring Hill | $1,157 |
| 19 | La Vergne | $1,151 |
| 20 | Chattanooga | $1,149 |
| 21 | Brentwood | $1,144 |
| 22 | Franklin | $1,140 |
| 23 | Cleveland | $1,135 |
| 24 | Johnson City | $1,073 |
| 25 | Kingsport | $1,037 |
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Premium costs are approximated as the specific area where the vehicle is garaged can affect insurance rates greatly.
Responsible drivers pay cheaper Nashville car insurance rates
A great way to enjoy the cheapest car insurance prices in Tennessee for older drivers is to be a good driver and avoid accidents and traffic violations. The diagram below highlights how traffic violations and at-fault accidents can impact yearly insurance costs for different categories of driver ages. The rates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of an auto insurance policy in Tennessee per year with no accidents or violations is $1,259. Receive one speeding ticket and the average cost surges to $1,470, an increase of $211 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for drivers over age 50 jumps again to an average of $2,055. That’s an increase of $796, or $66 per month, just for not keeping your driving record clean!
The information below shows how choosing a deductible can impact insurance costs when searching for cheap insurance for drivers over age 50. The data is based on a single male driver, comp and collision included, and no discounts are factored in.
As shown above, a 30-year-old driver could cut expenses by $372 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $560 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old, could possibly save up to $1,096 annually just by choosing higher deductibles when buying full coverage.
When choosing a higher deductible, it will now be necessary to have spare funds to offset the extra out-of-pocket expense, which deters some people from using high deductibles.
Best car insurance company in Nashville
Choosing a high-quality insurer can be difficult considering how many different companies sell coverage in Nashville. The rank data in the next section could help you choose which auto insurance companies to look at comparing rates with.
The rankings below are for large, nationwide insurance companies, so smaller companies will not be included in the list. To compare prices and find cheaper insurance for drivers over age 50, click this link.
Top 10 Major Auto Insurance Providers in Nashville Ranked by Value
- Travelers
- American Family
- Safeco Insurance
- AAA Insurance
- The Hartford
- Progressive
- Erie Insurance
- Esurance
- 21st Century
- Titan Insurance
Top 10 Major Auto Insurance Providers in Nashville Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- AAA Insurance
- Titan Insurance
Why you should compare rates
Tennessee car insurance rates are calculated based on many things that can increase the price you pay for coverage. Getting older, increasing deductibles, or getting a ticket for careless driving can produce rate changes that can make some companies cheaper than competitors. Additionally, insurers change premium rates as often as every quarter to help ensure profitability. Heavy losses can cause rate hikes, while lower claim levels may cause more affordable Nashville car insurance rates.
For example, the chart below shows the cheapest car insurance in Nashville, TN for a 35-year-old male driver with a good driving record, no prior claims, and a decent credit rating. If we estimate rates based on his current rating profile, Utica National may offer the lowest car insurance rates in Nashville at $859 each year. This is $469 less than the average rate paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are the remaining top five cheapest Nashville, TN auto insurance companies.
Now we will pretend the driver from the first set of rates a chargeable accident, poor credit, and a speeding citation. Since every car insurance company uses their own formula to set their prices, comparing rates will most likely result in a different set of the cheapest Nashville car insurance companies as shown below.
Erie now has the best price on car insurance in Nashville, TN with Nationwide, Allied, Westfield, and GEICO completing the list. This demonstrates why it is crucial to compare many different companies when trying to find cheap car insurance quotes for drivers over age 50. Insurance prices are impacted by many risk factors and can change substantially, so the best option when you bought your policy may now cost much more than other companies.