You have probably watched the catchy commercials from insurers like GEICO and Allstate that guarantee big savings. So drivers should just choose one randomly, right?
It’s not that easy, however, as there are a whole bunch of unknown aspects like if you own your own home, your marital status, tickets or driving violations, and the type of vehicle you drive. This article will detail the best ways to find cheap auto insurance and will hopefully give you some help in finding cheaper rates.
Finding out which company has the lowest-priced insurance rates for college students will take a little more effort than just picking a company at random.
Each company has a proprietary formula for determining prices, so we’ll go over the insurance companies that tend to be cheaper in Nashville, TN. It’s important to know that Tennessee insurance rates are impacted by many factors that can increase the price you have to pay for coverage. Simply having another birthday, buying a different vehicle, or having an at-fault accident can produce rate changes resulting in some rates now being affordable when they were higher priced.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $760 |
| 2 | Auto-Owners | $827 |
| 3 | Cincinnati Insurance | $850 |
| 4 | Penn National | $899 |
| 5 | USAA | $919 |
| 6 | Tennessee Farmers | $951 |
| 7 | Erie | $967 |
| 8 | Nationwide | $1,032 |
| 9 | Westfield | $1,037 |
| 10 | Allied | $1,049 |
| 11 | GEICO | $1,122 |
| 12 | Shelter | $1,199 |
| 13 | Travelers | $1,201 |
| 14 | State Farm | $1,213 |
| 15 | Progressive | $1,214 |
| 16 | State Auto | $1,217 |
| 17 | Direct General | $1,238 |
| 18 | The Hartford | $1,245 |
| 19 | Chubb | $1,290 |
| 20 | 21st Century | $1,313 |
| Find Cheaper Rates Go | ||
Utica National quotes some of the lowest car insurance rates in Nashville at around $760 per year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also qualify as some of the cheaper Nashville, TN insurance companies.
As the example above demonstrates, if you buy coverage from USAA and switched to Auto-Owners, you may see a yearly price reduction of around $92. Tennessee drivers with Tennessee Farmers could save as much as $124 a year, and Erie insureds might lower prices by up to $140 a year.
These premium estimates are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for college students. So the company that is best suited for you may not even be in the top 30 companies in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
One of the more important things that are looked at to determine auto insurance rates is where you normally keep your vehicle in Nashville. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas more rural areas can boast about having cheaper rates.
The illustration below lists the priciest cities in Tennessee for college students to buy auto insurance in. Nashville comes in at #13 with an annual premium of $1,177 for the average insured, which is about $98 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Memphis | $1,490 |
| 2 | Bartlett | $1,377 |
| 3 | Germantown | $1,360 |
| 4 | Collierville | $1,309 |
| 5 | Jackson | $1,305 |
| 6 | Oak Ridge | $1,223 |
| 7 | La Vergne | $1,197 |
| 8 | Maryville | $1,196 |
| 9 | Knoxville | $1,194 |
| 10 | Columbia | $1,190 |
| 11 | Murfreesboro | $1,183 |
| 12 | Brentwood | $1,179 |
| 13 | Nashville | $1,177 |
| 14 | Morristown | $1,171 |
| 15 | Cookeville | $1,171 |
| 16 | Spring Hill | $1,169 |
| 17 | Gallatin | $1,167 |
| 18 | Franklin | $1,164 |
| 19 | Clarksville | $1,158 |
| 20 | Smyrna | $1,148 |
| 21 | Hendersonville | $1,136 |
| 22 | Cleveland | $1,135 |
| 23 | Chattanooga | $1,115 |
| 24 | Johnson City | $1,031 |
| 25 | Kingsport | $1,026 |
| Find Cheaper Rates Go | ||
Premium costs are comparative as vehicle location can lower or raise rates noticeably.
Nashville insurance company ratings
Picking the best car insurance company can be rather challenging considering how many different companies sell coverage in Nashville. The ranking information in the next section may help you analyze which providers you want to consider to insure your vehicles.
The rankings below are only comprised of the largest companies in America, so companies that focus mainly on Tennessee business are not factored into the list. To view rates from these and other top-rated companies, follow this link.
Top 10 Large Auto Insurance Companies in Nashville Ranked by Customer Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Top 10 Large Auto Insurance Companies in Nashville Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- AAA Insurance
- Titan Insurance
Get discounts on Nashville car insurance rates
Auto insurance companies that provide coverage for college students may also give you special discounts that can lower rates by as much as 25% or more if you are eligible to receive them. A list of insurance companies and some of the premium reductions they offer can be found below.
- State Farm may have discounts that include Steer Clear safe driver discount, defensive driving training, safe vehicle, multiple policy, student away at school, and passive restraint.
- American Family offers premium reductions for defensive driver, Steer into Savings, early bird, bundled insurance, good student, and accident-free.
- GEICO may include discounts for daytime running lights, membership and employees, emergency military deployment, air bags, and military active duty.
- 21st Century offers discounts for automatic seat belts, homeowners, air bags, good student, theft prevention, student driver, and defensive driver.
- Progressive offers discounts including online quote discount, online signing, multi-policy, continuous coverage, homeowner, and multi-vehicle.
The chart below illustrates the difference between premium costs with and without discounts applied to the rates. The prices are based on a male driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with continuous coverage, passive restraint, paid-in-full, anti-theft, good student, and vehicle safety discounts applied. When discounts are factored in, theamount saved on insurance for college students is 19% or $231.
The agents below are willing to help you decide which car insurance policy is best, as some drivers wish to get some professional advice when trying to find lower insurance rates for college students. It can be time-consuming to find the cheapest car insurance policy, so insurance agents licensed in the state of Tennessee can give you comfort knowing your coverage gives you enough coverage when you need it.
To find a Nashville insurance agent close to you, click the button at the bottom of the list or click here to get price quotes now.
- Heather Farmer State Farm Insurance
6592 TN-100 Suite 2 – Nashville, TN 37205 – (615) 356-6503 - Charles Sargent – State Farm Insurance Agent
4094 Hillsboro Pike #202 – Nashville, TN 37215 – (615) 385-1700 - HQ Insurance, Inc.
2451 Atrium Way – Nashville, TN 37214 – (615) 884-3535
View more Nashville, TN insurance agents
How to find low-cost auto insurance for college students
Lowering your rates is not difficult, and here are some of the recommended thrifty ideas that can help you buy lower-cost auto insurance.
- Good credit scores may lower your rates
- Full coverage may not be needed on older vehicles
- Choose a safer vehicle and pay lower rates
- Earn a discount by not filing claims
- Raise physical damage deductibles
- Insure your home and auto with the same company
- Keep rates low by shopping around frequently
The last tip in the list is very critical, as we hit on in this piece. Coverage prices can be modified anytime, so don’t hesitate to buy a policy from a new company if a cheaper rate is available. Staying with the same car insurance company is fine, but it’s not recommended if that dedication is costing a lot of money every month. Take a couple minutes and compare rates and find cheaper auto insurance for college students in Nashville.