Finding Affordable Auto Insurance In Nashville

If you're looking for the cheapest auto insurance in Nashville, Tennessee, then State Farm is the place to go. State Farm offers the cheapest full-coverage insurance in Nashville at $67 per month, which is 45% less than the city's average. For minimum coverage, State Farm's rate is $27 per month, 39% less than Nashville's average rate of $45. Other affordable options include USAA, Geico, Farm Bureau, and Erie. However, USAA is only available to those with military affiliations.

State Farm: Nashville's cheapest option

State Farm is the cheapest option for auto insurance in Nashville, with rates that are significantly lower than the competition. For example, the average rate for car insurance in Nashville is $1,597 per year, while State Farm offers full coverage for $804 per year, or $67 per month. That's a saving of $793 per year compared to the average. State Farm also has the cheapest liability-only insurance in Nashville, at $27 per month, which is 39% less than the city's average rate of $45.

State Farm's prices are affordable for all types of drivers, including young drivers, who typically pay much higher rates. An 18-year-old in Nashville will usually pay more than three times as much as a 30-year-old for full coverage. However, State Farm offers a rate of $93 per year for minimum coverage for young drivers, 16% cheaper than the second-most affordable option.

State Farm also has the best prices for drivers with speeding tickets, at-fault accidents, or DUIs on their records. For example, State Farm's rates increase to $73 per month for full coverage after a DUI, while the next-best option is more than twice as expensive, at over $100 per month.

In addition to its competitive prices, State Farm offers excellent service, a range of coverage options, and easy claims. You can also save money with State Farm by bundling your auto insurance with other types of insurance, such as homeowners, renters, or life insurance. For example, you can save up to $1,273 by combining your auto insurance with a renters insurance policy. State Farm also offers discounts for safe driving, with savings of up to 30% through its Drive Safe & Save program.

Geico: the second-cheapest

GEICO is the second-cheapest option for auto insurance in Nashville. While State Farm offers the cheapest full-coverage insurance in the city, GEICO is a close runner-up at $117 per month, according to ValuePenguin. This is nearly half the typical price in Nashville.

GEICO also offers the best rates for drivers with poor credit in Nashville. Its average rate of $177 per month is 17% less than the citywide average. This is particularly notable because drivers with poor credit typically face more expensive car insurance.

For young drivers, GEICO is also the second-most affordable option, with a typical price of $93 per year for minimum coverage. This is only 16% more expensive than the cheapest option, State Farm.

After a DUI, GEICO is the second-best option for insurance. Its rates are less than half the price of the next-best option, State Farm.

Overall, GEICO is a good choice for cheap auto insurance in Nashville, offering competitive rates across various categories.

Erie: Nashville's runner-up

Erie Insurance is a close second to State Farm when it comes to affordable car insurance in Nashville. Erie is rated highly for its customer service, with fewer customer complaints than expected, suggesting customers are generally satisfied with the service they receive.

Erie's insurance is a good option for drivers with accident histories. For a 30-year-old driver, Erie's average monthly price is $155, which is $76 cheaper per month than the next best option.

Nashville's average annual cost of car insurance is $1,597, which is more expensive than the average across Tennessee ($1,570) and the national average of $1,548. The cost of insurance in Nashville depends on several factors, including age, gender, zip code, and claims history.

Erie Insurance offers a good balance of cost, coverage, and customer service, making it a competitive option for those seeking cheap car insurance in Nashville.

USAA: cheapest for military members

USAA offers the cheapest auto insurance in Nashville for military members. Their rates are even cheaper than State Farm, which offers the cheapest car insurance in Nashville overall. USAA's rates are $72 per month for full coverage, compared to State Farm's $67 per month. However, it is important to note that USAA insurance is only available to current and former military members and their families.

USAA's cheap insurance is not easily accessible to everyone, as one must be affiliated with the military to be eligible for a policy. Nevertheless, it is a great option for those who served in the military or have a family member who has. USAA is also well-known for its excellent customer service, which is an added bonus for those who are eligible.

The cost of car insurance in Nashville depends on several factors, including age, gender, zip code, and claims history. Nashville residents pay an average of $1,597 per year for car insurance, which is more expensive than the Tennessee average of $1,570 and the national average of $1,548. Teen drivers pay the highest rates, with an average of $6,387 per year, while drivers in their 50s pay the least, with an average of $1,311 per year.

Nashville's high insurance rates can be attributed to various factors, including the city's high number of tourist attractions, vibrant nightlife, and busy roads. The city's status as a hub, with 50% of the US population within 700 miles, also contributes to the high insurance costs. Additionally, Nashville experiences severe weather conditions, such as thunderstorms and tornadoes, which can increase the risk of accidents and insurance claims.

While USAA offers the cheapest rates for military members, other affordable options for Nashville residents include State Farm, Farm Bureau, and Geico. However, these alternatives are nearly twice as expensive as USAA. Overall, USAA is the clear choice for cheap and reliable auto insurance in Nashville for those with a military background.

Nashville's most expensive areas for insurance

When it comes to auto insurance in Nashville, Tennessee, there are a number of factors that can affect the cost of your premium. These include your age, gender, zip code, marital status, credit score, and driving history.

The most expensive neighbourhood in Nashville for car insurance is Glencliff, where the average price is $125 per month for full coverage. Other expensive zip codes in Nashville include 37216, 37211, 37209, 37206, and 37217.

In general, Nashville is an expensive city for car insurance. The average annual cost of car insurance in Nashville is $1,597, which is higher than the average for Tennessee ($1,570) and the national average ($1,548).

One of the main reasons for the high cost of car insurance in Nashville is the risk factors associated with driving in a city. There are more opportunities for accidents, theft, and vandalism in a densely populated area like Nashville, which increases the likelihood of insurance claims.

In addition, Nashville experiences a significant number of fatal accidents each year. In 2020, there were 100 reported fatal accidents in the city, with a total of 437 accidents overall. This may also contribute to the high cost of car insurance in the area.

It's worth noting that there are ways to lower your car insurance premium, such as enrolling in paperless/auto-pay billing, installing anti-theft devices, improving your credit score, and taking a defensive driving course.

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