Trying to buy affordable insurance is difficult, and determining which company has the cheapest car insurance rates for good students may require more quotes for comparison. Each insurance company has a unique approach to determine rates, so to begin we’ll rank the car insurance companies that tend to be cheaper in Tennessee.
Compare Cheap Insurance Quotes for Students
|Rank||Company||Cost Per Year|
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Utica National may offer some of the cheapest car insurance rates in Nashville at around $767 annually. This is $561 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, USAA, and Penn National would also make the list of some of the most economical Nashville, TN car insurance companies.
In the above rates, if you are insured with Auto-Owners and switched to Utica National, you could see annual savings of about $69. Policyholders with Cincinnati Insurance could save as much as $83 a year, and USAA customers might realize rate reductions of up to $152 a year.
To find cheaper insurance rates for your vehicle, click here to begin a quote or click several companies below for low rates.
Understand that those prices are averages across all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for good students. So the car insurance company that is best suited for you may not even be in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
For student drivers, one of the big criteria that are used to help calculate car insurance rates is where you live. More populated areas tend to have higher auto insurance costs, whereas more rural areas get the luxury of paying less.
The information below shows the priciest cities in Tennessee for good students to purchase car insurance in. Nashville is listed at #7 costing $1,213 for the average insured, which is about $101 each month.
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Rate quotes are estimated as specific location information can modify coverage prices greatly.
The make and model of vehicle you are insuring is one of the largest considerations that determines whether or not you find the best cheap car insurance for good students. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of liability claims will cost substantially less to insure than higher performance models.
The information below illustrates insurance costs for the cheapest automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$3,414|
|Ford Escape Limited 4WD||$3,661|
|Dodge Grand Caravan SE||$3,831|
|Ford F-150 XL Regular Cab 4WD||$3,836|
|Honda Odyssey EX||$4,012|
|Toyota Tacoma 2WD||$4,019|
|Chevrolet Malibu LS||$4,045|
|Chevrolet Equinox LT 2WD||$4,054|
|Toyota RAV4 2WD||$4,045|
|Ford Fusion S 4-Dr Sedan||$4,052|
|Ford Explorer Eddie Bauer AWD||$4,080|
|Hyundai Elantra Blue 4-Dr Sedan||$4,228|
|Honda Civic VP 4-Dr Sedan||$4,237|
|Ford Edge Sport 2WD||$4,261|
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Cost estimates assume single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific Nashville, TN garaging location which can lower or raise premiums noticeably.
Based upon the table data, you can see that makes and models like the Honda CR-V, Ford Escape, and Toyota Prius are the cheaper vehicles to insure for student drivers.
The information below highlights how deductible choice can change insurance costs when getting quotes for cheap insurance for good students. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 30-year-old driver could save $310 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $466 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, can save $658 or even more by using higher deductibles when buying full coverage. If you do decide to increase your deductibles, it will be necessary to have plenty of money set aside to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Get discounts on Nashville auto insurance
Insurance companies that provide policies for good students may additionally offer rate discounts that could potentially reduce rates by 25% or more if you qualify for them. A few popular companies and some of their more popular discounts can be found below.
- State Farm offers premium reductions for defensive driving training, accident-free, student away at school, anti-theft, passive restraint, good student, and Steer Clear safe driver discount.
- Liberty Mutual has savings for exclusive group savings, multi-car, teen driver discount, preferred payment discount, and multi-policy.
- American Family may offer discounts for accident-free, multi-vehicle, air bags, Steer into Savings, defensive driver, early bird, and bundled insurance.
- Progressive includes discounts for continuous coverage, online quote discount, multi-vehicle, homeowner, online signing, and multi-policy.
- Farmers Insurance may include discounts for mature driver, multi-car, pay in full, teen driver, and electronic funds transfer.
- Auto-Owners Insurance offers discounts including group or association, student away at school, mature driver, anti-lock brakes, safe vehicle, and good student.
- SAFECO offers discounts for drive less, safe driver, teen safe driver, anti-theft, bundle discounts, and teen safety rewards.
The information below illustrates the comparison of auto insurance rates with and without discounts applied. The information is based on a female driver, no claims or violations, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with paperless filing, good student, paid-in-full, passive restraint, vehicle safety, and anti-theft discounts applied. With discounts applied, theaverage yearly reduction on car insurance for good students is 28% or $555.
How to find economical car insurance for good students
Here are some of the recommended penny-pinching solutions that can help drivers buy cheaper coverage.
- Claim-free policyholders usually earn a discount
- Buying home and auto together can help save money
- Buy safe vehicles
- Increase your credit score
- Raise comprehensive and collision coverage deductibles
- Do not pay for full coverage if not needed
- Comparison shop at least every other year
The last tip in the list is remarkably crucial, as we noted in the prior information. Coverage prices can change significantly in a year, so don’t be hesitant to buy from a different company if a better deal can be had.
Brand loyalty is not necessarily bad, but it’s not a great idea if that inflexibility results in costing you lots of hard earned cash every month. Take a couple minutes and shop around and find cheaper car insurance for good students in Nashville.
The agents shown below can most likely aid you in deciding which auto insurance policy would work best for you, since some people have coverage questions and would like to have the advice of a professional agent when comparing insurance rates for student drivers. It can be hard to find the best policy on your own, so insurance agents licensed in the state of Tennessee can give you satisfaction knowing you have suitable coverage if you have an accident. To locate a Nashville car insurance agency by location nearest to you, click the button at the bottom or click here to compare price quotes now.
Marc Gant – State Farm Insurance Agent
6601 Sugar Valley Dr #114 – Nashville, TN 37211 – (615) 941-7094
Bobby Berry – State Farm Insurance Agent
703 Main St – Nashville, TN 37206 – (615) 271-2996
Roy Arnold – State Farm Insurance Agent
2600 Lebanon Pike a – Nashville, TN 37214 – (615) 871-0663
Greater Nashville Insurance
208 McGavock Pike A – Nashville, TN 37214 – (615) 885-5882