This article would sure be shorter if we could tell you the one auto insurance company that has the cheapest rates in Tennessee. That is not the case, however, as there are a ton of unknown elements like your credit history, what level of deductibles you need, and whether you are male or female, that all factor into the price you pay. The content below will cover the types of things that cause high car insurance rates and should give you a good beginning to your search for cheaper coverage.
Finding decent, budget auto insurance is difficult, and figuring out which company quotes the cheapest auto insurance rates for real estate agents will require even more perseverance. Every car insurance company has a proprietary formula for determining rates in each state, so let’s begin by examining the overall cheapest auto insurance companies in Tennessee.
It’s important to know that Nashville, TN auto insurance rates are calculated based on many things that can increase the cost of coverage. Turning one year older, buying a home, or getting into an accident can trigger price changes resulting in some companies being cheaper than competitors.
Find the Cheapest Car Insurance for Realtors
|Rank||Company||Cost Per Year|
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Utica National offers some of the lowest car insurance rates in Nashville at around $760 annually. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers are also some of the cheapest Nashville, TN insurance companies.
In the above example, if you are a customer of Cincinnati Insurance and switched to Utica National, you may see a yearly savings of roughly $124. Policyholders with Penn National might save as much as $139 a year, and Tennessee Farmers policyholders might reduce prices by as much as $163 a year.
It’s important to note that these rates are averages for all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location for real estate agents. So the auto insurance company that can offer you the best rate may not even be in the top 30 companies in the list above. That point stresses why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
The vehicle you are buying coverage for is a significant factor that determines if you can find the lowest-priced car insurance for real estate agents. Vehicles with economical engines, a great safety record, or a positive history of liability claims will cost less to insure than fast, unsafe models.
The list below shows car insurance prices for a number of the most cost-effective vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$909|
|Honda CR-V EX-L 4WD||$1,018|
|Ford F-150 XLT Crew Cab 2WD||$1,026|
|Ford Escape Limited 2WD||$1,018|
|Ford Explorer Limited AWD||$1,100|
|Ford Edge SE 2WD||$1,111|
|Hyundai Elantra SE Touring Station Wagon||$1,116|
|Toyota Corolla LE||$1,132|
|Dodge Grand Caravan SE||$1,139|
|Honda Odyssey EX||$1,151|
|Nissan Rogue S AWD||$1,158|
|Ford Focus S 4-Dr Sedan||$1,151|
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can change auto insurance rates greatly.
Looking at the numbers, you can conclude that vehicles like the Honda Accord, Honda CR-V, Ford F-150, Ford Escape, and Ford Explorer are going to be the most budget-friendly vehicles to insure for realtors.
One of the more important considerations that are looked at to help calculate auto insurance rates is where you live in Nashville. Areas with a lot of weather claims or more people tend to pay more, whereas less populated areas benefit from having to pay less for coverage.
The following table lists the highest-priced areas in Tennessee for real estate agents to buy car insurance in. Nashville is ranked #14 having an annual price of $1,165 for coverage, which is about $97 per month.
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Information shown are estimated as specific Nashville garaging address can influence rates considerably.
Finding the top insurance company can be difficult considering how many different insurance companies sell coverage in Nashville. The ranking information in the next section could help you decide which auto insurance companies to look at when comparing rate quotes. The rankings below include companies with a national presence, so companies that have a smaller presence are not taken into consideration for these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Rate increases following a ticket or accident
A great way to earn the best auto insurance premiums in Nashville for realtors is to be a safe driver and have a clean driving record. The illustration below illustrates how violations and at-fault accidents can affect yearly insurance costs for different age groups. The premium estimates are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
In the chart above, the average cost of an auto insurance policy in Nashville per year with no accidents or violations is $1,731. Get written up for one speeding ticket and the average cost hikes up to $1,965, an increase of $234 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of auto insurance for real estate agents jumps again to an average of $4,064. That’s an increase of $2,333, or $194 per month, just for not being more responsible behind the wheel!
The chart below demonstrates how choosing different deductibles can raise or lower insurance costs when trying to find cheap insurance for real estate agents. The data is based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could reduce rates by $320 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $482 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could save up to $814 every year by choosing a higher deductible.
When raising deductibles, it is essential to have additional savings on hand to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
If you like to get some professional input when shopping for cheaper insurance for real estate agents, the agencies below are willing to aid you in deciding which car insurance policy is best. To locate a Nashville auto insurance agent using an interactive map, click the button at the bottom.
Goldstein Insurance Agency
125 #203b Suite, 102 Belle Forest Cir – Nashville, TN 37221 – (615) 673-2727
1400 Forrest Ave – Nashville, TN 37206 – (615) 943-4962
Lester McClain – State Farm Insurance Agent
2209 Crestmoor Rd #200 – Nashville, TN 37215 – (615) 383-0449
Mark Le Clair – State Farm Insurance Agent
5548 Franklin Pike #201 – Nashville, TN 37220 – (615) 292-9233