The type of vehicle you are insuring is a significant factor when shopping for the lowest-priced insurance for hybrid vehicles. Vehicles with economical engines, advanced safety features, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The table below features coverage premiums for the more affordable automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,079|
|Dodge Grand Caravan SE||$1,208|
|Ford F-150 XL Crew Cab 2WD||$1,215|
|Honda CR-V EX 2WD||$1,220|
|Honda Odyssey EX W/Rear Entertainment||$1,253|
|Chevrolet Impala LS||$1,263|
|Volkswagen Jetta LE 4-Dr Sedan||$1,276|
|Hyundai Sonata GLS 4-Dr Sedan||$1,370|
|Chevrolet Equinox LTZ AWD||$1,377|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$1,395|
|Ford Focus SE 4-Dr Sedan||$1,407|
|Ford Edge SE AWD||$1,415|
|GMC Sierra SL Extended Cab 2WD||$1,437|
|Chevrolet Malibu LS||$1,444|
|Toyota RAV4 Limited 4WD||$1,437|
|Toyota Camry Hybrid||$1,463|
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in Nashville, TN location which can increase or decrease premiums considerably.
Looking at the rates, we can tell that cars like the Ford Escape, Dodge Grand Caravan, Ford F-150, Honda CR-V, and Honda Odyssey are going to be some of the most affordable vehicles to insure for hybrids.
For hybrids, one of the big considerations that are used to help calculate auto insurance rates is where you choose to live. Cities with larger populations are more likely to have higher rates, whereas areas with less crime or weather claims have the luxury of lower rates.
The following table rates the most costly cities in Tennessee for hybrid vehicles to buy auto insurance in. Nashville is ranked at #13 with a yearly cost of $1,177 for the average policyholder, which is about $98 per month.
|Rank||City||Premium Per Year|
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Premium amounts are estimated as the specific area where the vehicle is garaged can revise insurance rates significantly.
Establishing which companies quote the most affordable auto insurance rates for hybrid vehicles involves a little more effort than just picking a company at random. Every car insurance company uses their own method for determining rates, so let’s examine the overall cheapest auto insurance companies in Tennessee.
We do need to point out that Tennessee auto insurance rates are impacted by many factors that may substantially change the price you pay for coverage. Improving your credit rating, buying a new vehicle, or getting a couple of tickets may prompt premium changes that may make certain companies cheaper than competitors.
Compare Cheap Insurance Quotes for Hybrids
Utica National may offer some of the best car insurance rates in Nashville at around $737 per year. This is $591 less than the average premium paid by Tennessee drivers of $1,328. Cincinnati Insurance, Auto-Owners, Tennessee Farmers, and Penn National also qualify as some of the cheapest Nashville, TN insurance companies.
In this example, if you buy coverage from Tennessee Farmers and switched to Cincinnati Insurance, you could earn savings of about $83. Insureds with Penn National may save as much as $85 a year, and USAA policyholders might reduce rates by $97 a year.
Be aware that those prices are averages across all insureds and vehicles and do not factor in an exact location for hybrid vehicles. So the company that can offer you the lowest price may not even be in the top 30 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
Irresponsible driving raises your rates
The easiest way to snag the cheapest auto insurance premiums in Tennessee for hybrids is to drive cautiously and not have accidents or get tickets. The illustration below demonstrates how citations and accidents influence insurance rates for different ages of insureds. The premiums are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,419. Factor in one speeding ticket and the average cost rises to $1,627, an increase of $207 each year. Now get two accidents along with the one speeding ticket and the annual cost of auto insurance for hybrid vehicles increases to an average of $3,379. That’s an increase of $1,960, or $163 per month, just for not being a responsible driver!
Discounts on Nashville car insurance rates
Insurers that offer cheap quotes for hybrid vehicles may also provide rate discounts that could lower prices by as much as 30% if you meet specific eligibility requirements. The best auto insurance companies and their possible discounts can be found below.
- American Family may offer discounts for TimeAway discount, good student, air bags, mySafetyValet, and good driver.
- State Farm offers discounts including driver’s education, passive restraint, defensive driving training, multiple policy, good driver, safe vehicle, and student away at school.
- 21st Century has savings for air bags, teen driver, early bird, good student, student driver, driver training, and 55 and older.
- Travelers discounts include home ownership, payment discounts, student away at school, new car, multi-policy, and early quote.
- GEICO offers discounts for defensive driver, multi-vehicle, air bags, membership and employees, daytime running lights, multi-policy, and anti-lock brakes.
The illustration below illustrates the comparison of yearly insurance costs with and without discounts applied to the policy premium. The rates are based on a female driver, no claims or driving citations, Tennessee state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, anti-theft, defensive driving course, multiple vehicle, safe-driver, and multiple policy discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for hybrid vehicles is 28% or $391.
Compare quotes and save
Nashville auto insurance rates are calculated based on many things that will increase or decrease the price you have to pay. Improving your credit rating, buying a home instead of renting, or getting a DUI can produce rate changes that can make some companies more affordable than others.
Not only may your risk profile change, but auto insurance companies amend premium rates every year or even multiple times each year in order to protect their financial rating. Unexpectedly high claims can result in additional price hikes, while less frequent claims can cause more affordable Nashville car insurance rates.
For instance, the data below shows rates for the cheapest car insurance in Nashville, TN for a 35-year-old female driver with no prior claims, no tickets, and solid credit. If we estimate prices based on her current situation, Utica National quotes the most affordable car insurance rates in Nashville at $871 per year. This is $457 less than the average policy premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA round out the rest of the cheapest Nashville, TN auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a couple of claims, bad credit, and a speeding ticket. Since every car insurance company has a unique approach for filing rates in each state, analyzing rate quotes may now result in a significantly different list of the cheapest Nashville car insurance companies as shown below.
Erie now has the best auto insurance rate in Nashville, TN with Nationwide, Westfield, Allied, and GEICO completing the list. This example shows why it is critical to take the time to shop around when trying to get the most economical insurance rates for hybrid vehicles. Insurance rates are determined by many things and change dramatically, so the best option when you bought your policy may now be wasting a lot of money.
Ideas for buying low-cost auto insurance for hybrid vehicles
Here are many money-saving ideas that can help Nashville drivers find more affordable coverage.
- Buy your homeowners policy from the same company as your auto insurance
- Avoid getting citations and tickets
- Avoid price increases by not filing claims
- Buy a vehicle with excellent safety ratings
- Remain accident-free and save
- Ensure you have the best deal by shopping around regularly
The final tip is very crucial, as was stressed in this article. Car insurance prices go up and down frequently, so drivers shouldn’t be resistant to change insurance companies if a more affordable rate is found.
We understand brand loyalty, but is isn’t recommended if that dedication is costing big bucks every year. In less than five minutes you could compare prices to find cheaper insurance for hybrid vehicles in Nashville.
If you wish to get some guidance when comparing insurance rates for hybrids, the agents shown below can help you determine which coverages and limits you need. To locate a Nashville car insurance agency in your neighborhood, click the button below the list or click here to get price quotes now.
- Gail Hughes – State Farm Insurance Agent
2592 Murfreesboro Pike b – Nashville, TN 37217 – (615) 361-1906
- Eric Jans Insurance Agency
1805 Ordway Pl – Nashville, TN 37206 – (615) 478-7146
- Hale Insurance, LLC
301 29th Ave N – Nashville, TN 37203 – (615) 321-4150
- Eric Osborne – State Farm Insurance Agent
2301 21st Ave S #350 – Nashville, TN 37212 – (615) 837-9000
- Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900