Determining which company offers the cheapest car insurance rates for unemployed drivers will take a little more sweat than just quoting one company’s rates. Each insurer has a unique approach for determining rates, so we will examine the most affordable car insurance companies in Tennessee.
It’s important to understand that Nashville, TN car insurance rates are determined by lots of factors which can substantially change the price of coverage. Turning one year older, increasing deductibles, or having a fender bender can trigger changes in premium that can cause some rates to be affordable when they were higher priced.
Find the Best Cheap Insurance for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $744 |
| 2 | Cincinnati Insurance | $858 |
| 3 | Auto-Owners | $861 |
| 4 | Penn National | $908 |
| 5 | USAA | $919 |
| 6 | Tennessee Farmers | $961 |
| 7 | Erie | $967 |
| 8 | Allied | $1,029 |
| 9 | Nationwide | $1,032 |
| 10 | Westfield | $1,037 |
| 11 | GEICO | $1,122 |
| 12 | Travelers | $1,201 |
| 13 | Direct General | $1,201 |
| 14 | State Farm | $1,213 |
| 15 | State Auto | $1,217 |
| 16 | Shelter | $1,223 |
| 17 | Progressive | $1,226 |
| 18 | The Hartford | $1,245 |
| 19 | 21st Century | $1,261 |
| 20 | Chubb | $1,329 |
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Utica National may have some of the most affordable car insurance rates in Nashville at around $744 each year. Cincinnati Insurance, Auto-Owners, Penn National, and USAA would also be considered some of the best Nashville, TN auto insurance companies.
As shown in the table above, if you are a customer of Penn National and switched to Utica National, you may realize yearly savings of in the neighborhood of $164. Policyholders with USAA might save as much as $175 a year, and Tennessee Farmers customers might cut rates by $217 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or quote rates from the companies below.
Understand that those prices are averages for all drivers and vehicles in Tennessee and are not factoring in a vehicle location for unemployed drivers. So the auto insurance company that is most affordable for your situation may not even be in the top 30 companies shown above. That underscores the importance of why you need to get quotes using your own driver data and vehicle information.
For the unemployed, one of the big components that are looked at to help calculate the cost of insurance is where you choose to live. Cities with larger populations are more likely to pay higher prices, whereas areas with less crime or weather claims receive better rates.
The next table shows the most expensive cities in Tennessee for unemployed drivers to purchase car insurance in. Nashville is listed at #14 with a yearly premium of $1,165 for the average policy, which is approximately $97 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Memphis | $1,490 |
| 2 | Bartlett | $1,377 |
| 3 | Collierville | $1,363 |
| 4 | Germantown | $1,320 |
| 5 | Jackson | $1,305 |
| 6 | Knoxville | $1,218 |
| 7 | Oak Ridge | $1,210 |
| 8 | Spring Hill | $1,205 |
| 9 | Clarksville | $1,194 |
| 10 | Smyrna | $1,183 |
| 11 | Columbia | $1,178 |
| 12 | Maryville | $1,172 |
| 13 | Hendersonville | $1,170 |
| 14 | Nashville | $1,165 |
| 15 | Franklin | $1,164 |
| 16 | La Vergne | $1,162 |
| 17 | Gallatin | $1,155 |
| 18 | Murfreesboro | $1,148 |
| 19 | Cookeville | $1,147 |
| 20 | Brentwood | $1,144 |
| 21 | Morristown | $1,137 |
| 22 | Cleveland | $1,135 |
| 23 | Chattanooga | $1,115 |
| 24 | Johnson City | $1,031 |
| 25 | Kingsport | $1,026 |
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Table data uses comparative as the specific area where the vehicle is garaged can decrease or increase insurance rates significantly.
Discounts on Nashville car insurance rates
Insurance companies that provide coverage for unemployed drivers may also give you price discounts that could potentially reduce rates by 25% or more if you meet certain criteria. Popular car insurance companies and their offered discounts can be read below.
- American Family has savings for bundled insurance, mySafetyValet, Steer into Savings, defensive driver, accident-free, and good student.
- Farm Bureau may have discounts that include youthful driver, 55 and retired, driver training, good student, and multi-vehicle.
- State Farm may include discounts for student away at school, multiple policy, good student, Steer Clear safe driver discount, and good driver.
- Travelers may offer discounts for early quote, driver training, good student, multi-car, payment discounts, and hybrid/electric vehicle.
- The Hartford policyholders can earn discounts including bundle, driver training, air bag, good student, defensive driver, and anti-theft.
- GEICO offers discounts including seat belt use, membership and employees, anti-lock brakes, anti-theft, air bags, and multi-vehicle.
- Progressive includes discounts for online quote discount, online signing, multi-vehicle, multi-policy, and continuous coverage.
The illustration below illustrates the comparison of yearly insurance costs with and without some available policy discounts. The costs are based on a male driver, no claims or driving citations, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with marriage, defensive driving course, vehicle safety, accident-free, multiple policy, and anti-theft discounts applied. When taking advantage of discounts, theamount saved on car insurance for unemployed drivers is 27% or $417.
Finding a good quality auto insurance provider can be challenging considering how many choices drivers have in Tennessee. The company rank data shown below could help you pick which car insurance companies to look at when comparing insurance rates for unemployed drivers. These rankings only include companies with a national presence, so companies with more of a regional focus will not be included in this list.
Top 10 Major Auto Insurers in Nashville Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- AAA Insurance
- Titan Insurance
Top 10 Major Auto Insurers in Nashville Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Accidents and violations increase rates
The recommended way to enjoy the best car insurance prices in Tennessee for the unemployed is to be a careful driver and avoid traffic citations and accidents. The diagram below shows how speeding tickets and at-fault collisions can influence insurance rates for different insured age categories. The prices are based on a married female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of an auto insurance policy in Tennessee per year with no accidents or violations is $1,298. Get written up for one speeding ticket and the average cost hikes up to $1,510, an increase of $212 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for unemployed drivers goes up to an average of $2,104. That’s an increase of $806, or $67 per month, just for not keeping your driving record clean!
Why you should shop around
Nashville car insurance rates are impacted by many factors which can substantially change the price you pay for coverage. Improving your credit rating, adding a teenager to your policy, or getting caught speeding may cause policy rate changes that can cause some rates to be cheaper than competitors. Not only may your situation change, but insurers amend premium rates at least once a year to adjust for gains or losses. An extended period of higher than normal claims can result in higher prices, while a lower level of claims may produce cheaper Nashville car insurance rates.
For example, the graph below shows which company has the cheapest car insurance in Nashville, TN for a 30-year-old female driver with a good driving record, no prior claims, and good credit. If we look at prices based on her personal profile, Utica National quotes the lowest car insurance rates in Nashville at $837 per year. This is $491 less than the average policy premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are the remainder of the top five cheapest Nashville, TN auto insurance companies.
The chart below compares rates after we give the driver in the first chart a chargeable accident, less-than-perfect credit, and a few traffic violations. Since each company has a proprietary formula for setting prices, comparing quotes will most likely result in a new list of cheap Nashville auto insurance companies as shown below.
Erie now has the best price in Nashville with Nationwide, Allied, Westfield, and GEICO now rounding out the top five. This shows why Tennessee drivers need to shop around when trying to get the lowest auto insurance quotes for unemployed drivers.
Rates consist of many factors and change frequently, so the most economical company two years ago may now be one of the more expensive options.