What Insurance is Cheapest for 17 Year Olds in Nashville?

The words “low-priced” and “insurance” really don’t belong together, especially when searching for the lowest insurance prices for 17 year olds. Let’s go over some situations the can have a considerable influence on insurance premiums, and see if we can help you take the sting out of the next policy you buy.

Figuring out which company offers the lowest-priced car insurance rates for 17 year olds requires a bit more work in order to find the best price. Every insurance company has their own formula for determining rates, so we’ll go over the car insurance companies with the most affordable rates in Nashville.

Find the Cheapest Auto Insurance for Teens

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Cheapest auto insurance in Tennessee ranked by cost per year
Rank Company Cost Per Year
1 Utica National $767
2 Auto-Owners $836
3 Cincinnati Insurance $884
4 Penn National $926
5 USAA $947
6 Erie $957
7 Tennessee Farmers $961
8 Nationwide $1,002
9 Westfield $1,047
10 Allied $1,049
11 GEICO $1,110
12 State Farm $1,165
13 Travelers $1,177
14 Progressive $1,178
15 Shelter $1,199
16 State Auto $1,204
17 Direct General $1,238
18 The Hartford $1,245
19 21st Century $1,274
20 Chubb $1,316
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Utica National may have some of the best car insurance rates in Nashville at around $767 a year. This is $561 less than the average premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are also some of the best Nashville, TN car insurance companies.

As the example above demonstrates, if you are a policyholder with USAA and switched to Auto-Owners, you might realize yearly savings of in the neighborhood of $111. Policyholders with Erie might save as much as $121 a year, and Tennessee Farmers customers might cut rates by $125 a year.

To see if you’re overpaying, click here or click several companies below for low rates.

Bear in mind that those policy rates are averages for all ages of drivers and types of vehicles and and are not calculated with a vehicle location for 17 year olds. So the car insurance company that is most affordable for your situation may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get rate quotes using your own personalized driver profile and vehicle information.

The vehicle model requiring insurance is one of the largest factors when trying to find cheap car insurance for 17 year olds. Vehicles with lower performance, good crash test ratings, or a positive history of liability claims will cost quite a bit less to insure than adrenaline junky models. The next table features coverage costs for a handful of the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure in Nashville, TN
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $3,937
Ford Escape XLT 2WD $3,943
Hyundai Elantra GLS Touring Station Wagon $3,937
Honda Accord LX-P 4-Dr Sedan $3,942
Toyota Prius $4,280
Ford F-150 STX Regular Cab 2WD $4,372
Dodge Grand Caravan CV $4,414
Ford Edge SE AWD $4,630
Chevrolet Impala LS $4,635
Jeep Grand Cherokee Laredo 2WD $4,672
Toyota RAV4 Sport 2WD $4,682
Toyota Tacoma Double Cab 4WD $4,672
Ford Explorer Eddie Bauer AWD $4,715
Jeep Wrangler Unlimited Sport 2WD 4-Dr $4,842
Toyota Camry XLE $4,928
Toyota Corolla XLE $4,934
GMC Sierra SLE Regular Cab 4WD $4,971
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Data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in your specific Nashville, TN location which can influence price quotes significantly.

Based upon the table data, you can figure that cars like the Honda CR-V, Ford Escape, and Hyundai Elantra will definitely be the most budget-friendly vehicles to insure for teen drivers. Auto insurance rates will tend to be higher just due to the fact that there is more liability risk for 17 year olds, but overall those models will most likely have the least expensive rates available.

For teen drivers, one of the largest components that aid in calculating the amount you pay for auto insurance is your address in Nashville. Areas with increased crime or more people tend to pay slightly more, whereas less populated areas tend to receive cheaper rates.

The information below shows the highest-priced areas in Tennessee for 17 year olds to purchase car insurance in. Nashville shows up at #15 with an annual cost of $1,177 for the average policy, which is about $98 per month.

How much is auto insurance in Nashville, TN?
Rank City Annual Premium
1 Memphis $1,490
2 Bartlett $1,405
3 Germantown $1,374
4 Collierville $1,309
5 Jackson $1,292
6 Oak Ridge $1,223
7 Columbia $1,214
8 Spring Hill $1,205
9 Maryville $1,196
10 Knoxville $1,194
11 Murfreesboro $1,194
12 Clarksville $1,194
13 La Vergne $1,186
14 Smyrna $1,183
15 Nashville $1,177
16 Morristown $1,171
17 Franklin $1,164
18 Hendersonville $1,158
19 Brentwood $1,144
20 Cookeville $1,136
21 Cleveland $1,135
22 Chattanooga $1,127
23 Gallatin $1,121
24 Johnson City $1,031
25 Kingsport $1,026
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Prices are comparative as zip code location can decrease or increase premiums significantly.

Insuring your vehicle with a highly-rated insurance company can be difficult considering how many different companies there are to choose from in Tennessee. The ranking information shown next may help you choose which car insurance providers to look at comparing prices from. The rankings below are for companies that insure vehicles across America, so companies without a large exposure are not factored into these rankings.

Best 15 Car Insurance Companies for 17 Year Olds in Nashville
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
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Data Source: Insure.com Best Car Insurance Companies

How much more does full coverage cost in Nashville?

Paying a lower price for car insurance should be important to most drivers, and one easy way to buy cheaper insurance for 17 year olds is to not buy comprehensive and collision coverage. The information below shows the difference between auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are factored in.

If averaged out across all ages, physical damage coverage costs $1,217 per year more than just insuring for liability. A very common question is if buying full coverage is worth the expense. There is no clear-cut formula of when to eliminate physical damage coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s replacement cost is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $9,500 after paying your deductible. If premium cost is more than $950 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

Types of discounts on Nashville car insurance

Cheaper Nashville, TN car insurance for teen driversInsurance companies that sell policies for 17 year olds may also give you discounts that could potentially reduce rates by 25% or more if you are eligible. Larger car insurance companies and a selection of discounts are outlined below.

The diagram below visualizes the comparison of insurance costs with and without discounts applied. The price estimates are based on a male driver, no claims, a clean driving record, Tennessee state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with paid-in-full, paperless filing, anti-theft, good student, passive restraint, and continuous coverage discounts applied. When drivers take advantage of discounts, theaverage amount saved on car insurance for 17 year olds is 28% or $652.