For minors, one of the more important criteria that determine the annual cost of car insurance is where you choose to live in Nashville. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas more rural areas benefit from lower rates.
The illustration below shows the most costly cities in Tennessee for drivers under 21 in which to buy car insurance. Nashville ranks #17 costing $1,165 for the average insured, which is around $97 monthly.
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Rate information is approximated as the specific garaging location can revise premiums substantially.
The make and model of vehicle that needs insurance is a large consideration when comparing quotes for economical coverage for drivers under 21. Vehicles with more horsepower, poor crash test ratings, or high incidents of liability claims will cost substantially more to insure than safer, lower-performance models.
The data below shows insurance rates for a number of the cheaper automobiles to insure in Tennessee.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,181|
|Ford Escape XLS 2WD||$2,187|
|Honda CR-V EX-L 4WD||$2,215|
|Hyundai Elantra SE Touring Station Wagon||$2,355|
|Jeep Wrangler Rubicon 4WD 2-Dr||$2,448|
|Ford F-150 XL Crew Cab 4WD||$2,479|
|Chevrolet Impala LS||$2,554|
|Ford Edge SEL AWD||$2,562|
|Ford Focus S 4-Dr Sedan||$2,554|
|Toyota Tacoma Double Cab 4WD||$2,588|
|Toyota RAV4 Limited 4WD||$2,597|
|Volkswagen Jetta LE 4-Dr Sedan||$2,588|
|Dodge Grand Caravan Hero||$2,594|
|Chevrolet Malibu Hybrid||$2,588|
|Chevrolet Equinox LT AWD||$2,595|
|Chevrolet Silverado LS Extended Cab 4WD||$2,588|
|Toyota Camry LE||$2,596|
|Ford Explorer Limited AWD||$2,619|
|Toyota Corolla S||$2,728|
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Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in vehicle garaging location which can alter price quotes substantially.
Based upon these rates, cars like the Honda Accord, Ford Escape, Honda CR-V, and Hyundai Elantra are most likely going to be the most affordable vehicles to insure for minors. Prices will tend to be higher because of the fact that there is more claim risk for drivers under 21, but overall those particular vehicles will tend to have the lowest insurance rates compared to other types of vehicles.
Types of discounts on Nashville auto insurance rates
Insurance companies that provide policies for drivers under 21 may have rate discounts that could reduce prices by as much as 35% or more if you meet specific eligibility requirements. A few popular companies and a summarized list of policyholder discounts can be read below.
- GEICO offers discounts for membership and employees, federal employee, multi-vehicle, driver training, and daytime running lights.
- Auto-Owners Insurance offers premium reductions for multiple vehicles, anti-theft, good student, group or association, and mature driver.
- American Family includes discounts for accident-free, defensive driver, Steer into Savings, early bird, TimeAway discount, and mySafetyValet.
- Esurance may include discounts for multi-policy, renters, multi-car, anti-theft, anti-lock brakes, DriveSense, and emergency road assistance.
- Progressive policyholders can earn discounts including homeowner, online quote discount, online signing, multi-vehicle, good student, and multi-policy.
- State Farm may have discounts that include Steer Clear safe driver discount, student away at school, good driver, driver’s education, anti-theft, safe vehicle, and Drive Safe & Save.
- AAA has discounts for education and occupation, multi-car, AAA membership discount, pay-in-full, good driver, and anti-theft.
The information below illustrates the comparison of auto insurance costs with and without discounts applied to the policy rates. The premiums assume a female driver, no claims or violations, Tennessee state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, paperless filing, good student, anti-theft, vehicle safety, and paid-in-full discounts applied. With discounts applied, theamount saved on auto insurance for drivers under 21 is 21% or $409.
The information below demonstrates how deductible levels can influence yearly insurance costs when researching cheap insurance for drivers under 21. The costs are based on a married female driver, comp and collision included, and no discounts are applied.
The data above shows that a 40-year-old driver could cut expenses by $198 a year by increasing from a $100 deductible up to a $500 deductible, or save $300 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could shave up to $490 or even more just by choosing higher deductibles. When using a larger deductible, it will be required to have enough savings set aside to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Why it’s important to shop around
Nashville auto insurance rates are influenced by many factors that can increase the policy premium. Getting older, buying a different home, or getting a few speeding tickets can trigger price changes resulting in some rates now being more affordable than the competition. Not only may your risk profile change, but insurance companies change rates without warning to ensure their profitability. An unexpected high level of claims can cause rate hikes, while profitable underwriting can result in cheaper Nashville car insurance rates.
For example, the chart below shows a variety of companies that have the cheapest car insurance in Nashville, TN for a 40-year-old female driver with no accidents or violations, and a high credit rating. If we compare prices based on her current rating profile, Utica National might offer the lowest car insurance rates in Nashville at $867 a year. This is $461 less than the average premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, USAA, and Tennessee Farmers are the remaining most affordable Nashville, TN auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim, slightly worse credit, and a speeding citation. Since every insurance provider has a unique approach for determining prices, getting updated rate quotes could now result in a substantially altered list of the cheapest car insurance companies in Nashville as shown below.
Erie now has the lowest price in Nashville with Nationwide, Allied, Westfield, and Auto-Owners now being in the top five. This demonstrates why it is critical to compare rates to get the lowest car insurance quotes for drivers under 21.
Car insurance prices can be altered by many different factors and change dramatically, so the most economical option the last time you compared rates may now be quite expensive.
How to find budget-friendly auto insurance for drivers under 21
It’s not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help Tennessee drivers locate lower-cost coverage.
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Maintaining good credit helps earn cheaper rates
- Increase physical damage deductibles
- Do not file small claims
- Bundle home or renters insurance to earn a discount on car insurance
- Do not get into accidents
- Ensure you have the best deal by shopping around regularly
That last piece of advice is particularly vital, as we emphasized in the article above. Auto insurance rates change constantly, so you should be ready to switch companies if a lower price can be found.
Loyalty to a specific company is fine, but it’s not a good idea if that devotion results in you overpaying a considerable chunk of change every month. If you have a few minutes, shop around to find cheaper car insurance for drivers under 21 in Nashville.
If you prefer to have a consultation when trying to find the best insurance rates for minors, the agents shown below are willing to help you decide which auto insurance policy fits you best.
To find a Nashville insurance agent in your neighborhood, click the button below the list or click here to compare rates now.
Eric Jans Insurance Agency
1805 Ordway Pl – Nashville, TN 37206 – (615) 478-7146
Allstate Insurance: Fred J. Duke Jr.
171 Belle Forest Cir – Nashville, TN 37221 – (615) 662-1884
LaShawnda Bryant – State Farm Insurance Agent
7648 Hwy 70 S #10 – Nashville, TN 37221 – (615) 662-9989
HQ Insurance, Inc.
2451 Atrium Way – Nashville, TN 37214 – (615) 884-3535