Sad but true, nearly 70% of customers have purchased from the same company for over three years, and 38% of drivers have never even compared quotes to find affordable rates. Drivers in the United States could pocket $850 a year, but they assume it’s a waste of time to do a rate comparison.
If you want to save the most money, the best way to find affordable quotes for Lexus NX 300h insurance in Nashville is to compare prices once a year from different companies in Tennessee.
Step 1: Try to understand how car insurance works and the measures you can control to drop your rates. Many rating factors that cause rate increases such as your driving record and poor credit history can be eliminated by improving your driving habits or financial responsibility. This article gives information to help reduce prices and get bigger discounts.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or State Farm, while agents who are independent can quote prices from multiple companies.
Step 3: Compare the new rate quotes to your current policy premium to see if a cheaper rate is available. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
Step 4: Tell your current company to cancel your existing policy. Submit any necessary down payment along with the completed application to the new company. Once received, safely store the proof of insurance paperwork in a readily accessible location in your vehicle.
One key aspect of rate comparisons is that you’ll want to compare identical coverage information on every price quote and and to get rates from as many different companies as possible. This provides a fair price comparison and the best price quote selection.
The companies in the list below have been selected to offer quotes in Tennessee. If multiple companies are listed, it’s a good idea that you click on several of them in order to get a fair rate comparison.
Why you need Lexus NX 300h insurance in Tennessee
Despite the high insurance cost for a Lexus NX 300h in Nashville, auto insurance serves an important purpose.
First, most states have mandatory insurance requirements which means you are required to carry specific limits of liability protection in order to drive the car legally. 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 have a loan on your vehicle, most banks will make it mandatory that you buy full coverage to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Lexus at a significantly higher premium and require you to reimburse them for the expensive policy.
Third, auto insurance preserves not only your car but also your financial assets. It will also provide coverage for hospital and medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If your Lexus gets damaged, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance are without a doubt worth the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver is overpaying over $750 every year so compare rate quotes every year to help ensure money is not being wasted.
How Your NX 300h Insurance Costs are Determined
One of the most helpful ways to save on car insurance is to to have a grasp of the factors that aid in calculating your premiums. If you know what determines premiums, this allows you to make good choices that may result in better car insurance rates.
The list below includes some of the most rate-impacting factors that factor into rates.
- Multiple policies with one company can save – The majority of companies allow discounts for people that purchase more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, you still need to comparison shop to guarantee you are still saving the most. Consumers may save even more than the discount by buying insurance from more than one company.
- Deter car thieves – Owning a car with advanced anti-theft systems can save you some money. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
- Big city or small town – Being located in less populated areas has definite advantages when buying car insurance. City drivers have much more traffic and longer commute times. Fewer drivers on the road translates into fewer accident claims in addition to fewer liability claims.
- Guys tend to take more risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Both sexes have auto accidents at a similar rate, but the males cause more damage. Not only are claims higher, but men get higher numbers of serious violations like DUI and reckless driving. Youthful male drivers have the highest risk to insure so they pay the highest premiums.
- The higher your credit score the lower your prices – An insured’s credit score factor in determining premium rates. Therefore, if your credit rating is low, you could be paying less to insure your Lexus NX 300h by improving your credit score. Drivers with excellent credit scores tend to be more responsible as compared to drivers with bad credit.
- Safer vehicles save money – Cars with five star safety ratings get lower rates. Vehicles built for safety reduce occupant injuries and better occupant protection means less money paid by your insurance company and lower rates for you.
Nashville auto insurance discounts
Some providers don’t always list all their discounts very well, so the list below contains some of the more common as well as the least known credits available to lower your premiums when you buy Nashville car insurance online.
- Driving Data Discount – Drivers who elect to allow their company to study when and where they use their vehicle through the use of a telematics system like Allstate’s Drivewise might get better premium rates as long as they are good drivers.
- Bundled Policy Discount – If you can bundle your homeowners and auto insurance with one insurance company you may save approximately 10% to 15%.
- Military Deployment Discount – Having an actively deployed family member may lower your prices slightly.
- Multi-line Discount – Not all companies offer life insurance, but some may give you a lower rate if you buy auto and life insurance together.
- Low Miles Discount – Low annual miles may enable drivers to earn cheaper rates.
A little disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. The majority will only reduce individual premiums such as liability and collision coverage. Even though it appears you would end up receiving a 100% discount, that’s just not realistic.
If you would like to choose from a list of insurers that provide some of the discounts listed above in Nashville, click this link.
Don’t assume everyone needs the same auto insurance coverage
When selecting coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Each situation is unique so your insurance needs to address that.
These are some specific questions can help discover whether you could use an agent’s help.
- Should I sign the liability waiver when renting a car?
- When would I need additional glass coverage?
- Are rock chip repairs covered?
- Is my trailer covered?
- Is my Lexus NX 300h covered for flood damage?
- What is medical payments coverage?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.
Auto insurance quotes from local Nashville insurance agencies
Certain consumers still like to talk to an insurance agent and that is not a bad decision Experienced insurance agents can help determine the best coverages and help submit paperwork. One of the great benefits of comparing rates online is you may find cheap rate quotes and also buy local. Buying from and supporting local insurance agencies is important particularly in Nashville.
After completing this quick form, your information is immediately sent to local insurance agents who will return price quotes for your coverage. You don’t have to leave your house since rate quotes are delivered straight to your inbox. If you have a need to compare rates from a specific company, you would need to go to their quote page and fill out their quote form.
If you want to use a reliable agent, it can be helpful to understand the different types of agencies that differ in how they can insure your vehicles. Auto insurance policy providers can be classified as either independent or exclusive depending on the company they work for. Either can insure your vehicles properly, but it is important to understand how they differ because it may have an impact on the selection process.
Independent Insurance Agents
These agents are not limited to a single company so they can quote policies with any number of different companies and find you the best rates. To move your coverage to a new company, the agent simply finds a different carrier and you don’t have to find a new agent.
When comparing auto insurance prices, we recommend you include independent agents in order to have the best price comparison. Many write coverage with smaller companies which can save you money.
Below are independent agencies in Nashville that may be able to give you price quotes.
- Nationwide Insurance: April Bowers Agency Inc
211 Donelson Pike #8 – Nashville, TN 37214 – (615) 883-8183 – View Map - Fridrich, Pinson and Associates Insurance Agency
3825 Bedford Ave #203 – Nashville, TN 37215 – (615) 327-0105 – View Map - Spann Agency
710 Thompson Ln – Nashville, TN 37204 – (615) 383-8000 – View Map
Exclusive Insurance Agents
Agents of this type can usually just insure with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to give you multiple price quotes so always compare other rates. Exclusive agents are trained well on their products and sales techniques which aids in selling service over price. Many people use the same exclusive agent partially due to the prominence of the brand rather than low price.
The following is a short list of exclusive insurance agents in Nashville that can give you comparison quotes.
- Valinda Burks – State Farm Insurance Agent
2012 8th Ave S – Nashville, TN 37204 – (615) 292-8050 – View Map - Charles Sargent – State Farm Insurance Agent
4094 Hillsboro Pike #202 – Nashville, TN 37215 – (615) 385-1700 – View Map - Lester McClain – State Farm Insurance Agent
2209 Crestmoor Rd #200 – Nashville, TN 37215 – (615) 383-0449 – View Map
Picking a insurance agency shouldn’t rely on just a cheap price. Any agent in Nashville should be willing to answer these questions.
- Is assistance available after office hours?
- Is the agent properly licensed in Tennessee?
- Can they give you a list of client referrals?
- Are they able to influence company decisions when a claim is filed?
- Do they write coverage based solely on cost?
- Are they full-time agents?
- How much will you save each year by using a higher deductible?
Tennessee car insurance companies
Finding a highly-rated company can be a challenge considering how many companies sell insurance in Nashville. The company information listed below may help you decide which auto insurers you want to consider purchasing coverage from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
More comparisons equals cheaper rates
When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. There have been many cases where an accident victim reduced collision coverage only to regret at claim time they didn’t purchase enough coverage. The aim is to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.
We just covered some good ideas how you can compare Lexus NX 300h insurance premium rates in Nashville. The most important thing to understand is the more price quotes you have, the higher your chance of finding affordable Lexus NX 300h insurance quotes. Consumers may even find the lowest premium rates come from some of the lesser-known companies. These smaller insurers may have significantly lower prices on certain market segments as compared to the big name companies such as State Farm or Progressive.
Additional detailed information can be found at these sites:
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Affordable Auto Insurance Rates After a Speeding Ticket in Nashville? (FAQ)
- How Much are Auto Insurance Rates for Good Drivers in Nashville? (FAQ)
- Information for Teen Drivers (GEICO)
- Cellphones, Texting and Driving (iihs.org)
- Electronic Stability Control FAQ (iihs.org)