The words “low-priced” and “insurance” really shouldn’t be used together, specifically when you are shopping around for the best car insurance for police officers. Because it’s not cheap, let’s teach you some of the factors that help determine car insurance prices, and come up with some ways to slash the price of the next policy you buy.
The vehicle that is being insured is probably the most important factor when shopping for cheap insurance for police officers. Vehicles with lower acceleration and performance, excellent safety ratings, or a track record of few liability claims will cost quite a bit less to insure than high performance models.
The next table ranks car insurance prices for a selection of the cheapest vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,079|
|Hyundai Elantra SE Touring Station Wagon||$1,171|
|Dodge Grand Caravan SE||$1,208|
|Ford Explorer XLT AWD||$1,213|
|Ford Escape XLS 4WD||$1,220|
|Jeep Wrangler Sport 4WD 2-Dr||$1,230|
|Honda Odyssey EX W/Rear Entertainment||$1,253|
|Jeep Grand Cherokee Laredo 4WD||$1,276|
|Chevrolet Malibu LT||$1,302|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,309|
|Honda Civic EX 4-Dr Sedan||$1,320|
|Ford Focus SEL 4-Dr Sedan||$1,327|
|Chevrolet Silverado LT Crew Cab 4WD||$1,370|
|Dodge Ram Crew Cab ST 2WD||$1,395|
|GMC Sierra SLE Regular Cab 2WD||$1,400|
|Chevrolet Impala LT||$1,407|
|Ford Edge SEL 2WD||$1,407|
|Volkswagen Jetta 2.0T Station Wagon||$1,416|
|Ford F-150 FX2 2WD||$1,426|
|Toyota RAV4 2WD||$1,437|
|Chevrolet Equinox LS 2WD||$1,446|
|Toyota Camry Hybrid||$1,463|
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in specific location which can revise coverage rates substantially.
Looking at the data, we can assume that models like the Honda CR-V, Hyundai Elantra, Dodge Grand Caravan, Ford Explorer, and Ford Escape are most likely to be a few of the most economical vehicles to insure for law enforcement personnel.
One of the many things that help determine car insurance rates is where you live in Nashville. Areas with more people or more claims tend to have higher rates, whereas areas that tend to be more rural have the gratification of cheaper auto insurance rates.
The illustration below shows the priciest cities in Tennessee for police officers to buy auto insurance in. Nashville is listed at #7 with an annual rate of $1,213 for the average policyholder, which is about $101 per month.
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Information shown are comparative as the vehicle garaging location can increase or decrease rates greatly.
Full coverage versus liability-only in Nashville
Saving money when shopping for insurance is important to the majority of vehicle owners, and one of the easiest ways to reduce the cost of insurance for police officers is to not buy comprehensive and collision coverage. The illustration below shows the comparison of yearly insurance costs when comparing full coverage to liability only. The premiums are based on no violations or accidents, $500 deductibles, marital status is single, and no policy discounts are applied.
If we average the cost for ages 20 through 70, full coverage on your policy costs $1,494 per year over liability only. At some point, almost every driver questions when is it safe to stop buying full coverage. There isn’t a written rule of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s say your vehicle’s claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying your policy deductible. If it’s costing in excess of $200 a year for full coverage, then it might be time to buy liability only.
There are some circumstances where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Selecting a good quality insurance company is difficult considering how many companies are available to choose from in Tennessee. The information listed below could help you choose which auto insurance companies you want to consider when shopping around.
The ratings below are only made up of the largest companies in America, so companies without a large exposure are not taken into consideration for the list. To check prices from these top insurers and more, follow this link.
Top 10 Large Auto Insurance Companies in Nashville Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- Titan Insurance
The information below demonstrates how deductible levels can influence insurance costs when quoting cheap insurance for police officers. The data assumes a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could save $272 a year by increasing from a $100 deductible to a $500 deductible, or save $410 by switching to a $1,000 deductible. Young drivers, like the 20-year-old, could possibly save up to $914 annually by using higher deductibles when buying full coverage. If you make the decision to raise deductibles, it will be necessary to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
The insurance agencies listed below can help you make a decision which car insurance company is the best fit, as some drivers aren’t sure which coverage they need and prefer to have a little guidance when shopping for cheaper insurance for law enforcement personnel. It can be complicated to find the best rates on your own, and insurance agents can give peace of mind knowing you have adequate coverage when you need it most. To locate a Nashville auto insurance agent close to where you live, click the button below the list.
- Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900
- MJC Insurance Group
1506 Church St Suite 2 – Nashville, TN 37203 – (615) 873-1988
- Ray Watts – State Farm Insurance Agent
4703 Gallatin Pike – Nashville, TN 37216 – (615) 228-1338
- Allstate Insurance: Royce Williams
5517 Charlotte Pike – Nashville, TN 37209 – (615) 356-4800
- Barbara Stewart – State Farm Insurance Agent
3055 Lebanon Pike #2103 – Nashville, TN 37214 – (615) 391-5300
View map of Nashville, TN insurance agents
How to find low-cost auto insurance for police officers
It is possible to find better rates, and here are some thrifty solutions that can help Tennessee drivers buy low-cost auto insurance.
- Buy vehicles with good safety ratings
- Multi-policy discounts save money
- Remain accident-free and save
- Save money by insuring older vehicles for liability only
- Good credit scores may lower your rates
- Compare rates often to find the best deal
The last suggestion is particularly critical, as was noted in this article. Coverage rates in Nashville adjust frequently, so drivers shouldn’t be reluctant to buy from a new company if a better deal can be had. Having a favorite company is great, but it’s not a good idea if your bullheadedness ends up costing you a fortune every year. In less than five minutes you could compare prices and find cheaper insurance for police officers.