This would be a much shorter article if we could simply give you the name of the single best company that has the cheapest rates in Tennessee. Regrettably, it’s not quite that easy, as there are a whole bunch of unknown elements like what coverage limits you need, whether you are single or married, whether or not your vehicle has good safety ratings, and the number of miles you drive in a year, that all go into determining the rate you pay. This article delves into these things and educate you enough to have a good start in finding the cheapest insurance in Tennessee.
The vehicle model that is being insured is one of the biggest factors that determines whether or not you find affordable car insurance for drivers over age 60. Vehicles with lots of horsepower, a lack of modern safety features, or high incidents of liability claims will cost much more to insure than safer models. The information below showcases insurance premiums for some of the most affordable automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,037 |
| Ford Escape XLS 2WD | $1,042 |
| Hyundai Elantra SE Touring Station Wagon | $1,123 |
| Toyota Prius | $1,146 |
| Ford Explorer XLT 4WD | $1,160 |
| Ford F-150 XL Regular Cab 4WD | $1,167 |
| Dodge Grand Caravan CV | $1,160 |
| Ford Edge SE AWD | $1,204 |
| Toyota Camry LE | $1,225 |
| Chevrolet Equinox LT 2WD | $1,230 |
| Toyota RAV4 Sport 2WD | $1,225 |
| Toyota Tacoma Double Cab 4WD | $1,232 |
| Chevrolet Impala LT | $1,225 |
| Chevrolet Malibu LT | $1,249 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,293 |
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Above prices assume single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in Nashville, TN location which can change rates greatly.
Based upon these rates, you can presume that cars like the Honda CR-V, Ford Escape, Hyundai Elantra, Toyota Prius, and Ford Explorer are likely to be some of the more affordable vehicles to insure for older drivers.
Deciphering which companies quote the cheapest car insurance rates for drivers over age 60 may require more time than just comparing rates from one or two companies. Each company has a proprietary formula for setting rates, so let’s take a look at the car insurance companies that tend to be cheaper in Nashville.
It’s important to understand that Nashville, TN car insurance rates are determined by lots of factors which can substantially change the cost of your policy. Improving your credit score, buying another vehicle, or getting a reckless driving citation can cause premium changes that can make some companies cheaper than competitors.
Lowest Insurance Price Quotes for Age 60+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $744 |
| 2 | Auto-Owners | $836 |
| 3 | Cincinnati Insurance | $858 |
| 4 | USAA | $919 |
| 5 | Penn National | $935 |
| 6 | Tennessee Farmers | $951 |
| 7 | Erie | $997 |
| 8 | Nationwide | $1,002 |
| 9 | Westfield | $1,037 |
| 10 | Allied | $1,060 |
| 11 | GEICO | $1,122 |
| 12 | Shelter | $1,187 |
| 13 | Travelers | $1,201 |
| 14 | Direct General | $1,201 |
| 15 | State Farm | $1,213 |
| 16 | Progressive | $1,226 |
| 17 | State Auto | $1,254 |
| 18 | The Hartford | $1,258 |
| 19 | 21st Century | $1,261 |
| 20 | Chubb | $1,329 |
| Quote Your Rates Go | ||
Utica National may have some of the best car insurance rates in Nashville at around $744 each year. This is $584 less than the average policy premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, USAA, and Penn National are also some of the lowest-priced Nashville, TN insurance companies.
As the example above demonstrates, if you currently have coverage with USAA and switched to Auto-Owners, you could earn an annual savings of roughly $83. Drivers with Penn National might save as much as $99 a year, and Tennessee Farmers customers might see rate reductions of $115 a year.
To see if you’re overpaying, click here to start a quote or feel free to get quotes from the companies below.
Understand that those premiums are averages for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for drivers over age 60. So the car insurance company that can offer you the best rate may not even be in the top 30 companies shown above. That is why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
One of the more important criteria that are looked at to determine the price you pay for insurance is where you call home. Cities with more crime and/or more people are more likely to pay higher prices, whereas less populated areas tend to receive cheaper rates.
The information below rates the highest-priced areas in Tennessee for drivers over age 60 to buy auto insurance in. Nashville is listed at #12 with a yearly cost of $1,177 for the average policy, which is around $98 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Memphis | $1,460 |
| 2 | Bartlett | $1,419 |
| 3 | Collierville | $1,323 |
| 4 | Germantown | $1,320 |
| 5 | Jackson | $1,292 |
| 6 | Oak Ridge | $1,247 |
| 7 | Columbia | $1,226 |
| 8 | Maryville | $1,208 |
| 9 | Clarksville | $1,194 |
| 10 | Murfreesboro | $1,183 |
| 11 | Knoxville | $1,182 |
| 12 | Nashville | $1,177 |
| 13 | Cookeville | $1,171 |
| 14 | Morristown | $1,171 |
| 15 | Spring Hill | $1,169 |
| 16 | Hendersonville | $1,158 |
| 17 | Gallatin | $1,155 |
| 18 | La Vergne | $1,151 |
| 19 | Smyrna | $1,148 |
| 20 | Franklin | $1,140 |
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Premium amounts are comparative as specific location information can alter rates significantly.
How to get discounts on Nashville insurance rates
Insurance providers that provide coverage for drivers over age 60 may also provide rate discounts that could lower prices by as much as 40% or more if you meet eligibility requirements. The best car insurance companies and their possible discounts can be read below.
- 21st Century offers discounts including automatic seat belts, 55 and older, teen driver, defensive driver, homeowners, student driver, and good student.
- Progressive has discounts for online signing, multi-vehicle, multi-policy, online quote discount, continuous coverage, good student, and homeowner.
- State Farm offers discounts for driver’s education, safe vehicle, passive restraint, Drive Safe & Save, and defensive driving training.
- Nationwide has savings for good student, accident-free, Farm Bureau membership, anti-theft, multi-policy, and business or organization.
- Esurance offers premium reductions for renters, online shopper, defensive driver, good driver, and claim free.
- The Hartford policyholders can earn discounts including good student, bundle, defensive driver, vehicle fuel type, anti-theft, and air bag.
The chart below compares annual premium costs with and without discounts being applied to the rates. The rate quotes are based on a male driver, no claims or driving citations, Tennessee state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, passive restraint, accident-free, safe-driver, multiple vehicle, and vehicle safety discounts applied. When discounts are applied, the average amount saved each year on car insurance for drivers over age 60 is 30% or $490.
Best car insurance company in Tennessee
Ending up with a highly-rated auto insurance company is difficult considering how many companies sell coverage in Tennessee. The company ratings listed below may help you select which car insurance providers to look at when shopping car insurance rates for drivers over age 60. The rankings below are only comprised of major nationwide insurance companies, so companies that focus mainly on Tennessee business are not factored into these rankings.
Top 10 Large Auto Insurance Companies in Nashville Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Why you should compare rates
Nashville, TN car insurance rates are impacted by many factors that will increase or decrease your annual premium. Improving your credit score, buying a new vehicle, or getting a few speeding tickets can trigger price changes that can cause some rates to be cheaper than competitors.
In addition, auto insurance companies amend premium rates as often as every three months in order to remain profitable. Heavier than normal losses can cause increased rates, while a profitable period may cause cheaper Nashville car insurance rates.
The graph below shows the company with the cheapest car insurance in Nashville, TN for a 45-year-old female driver with no prior accidents, a clean driving record, and excellent credit. Based on her current risk factors, Utica National may offer the most affordable car insurance rates in Nashville at $867 per year. This is $461 less than the average rate paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are the remaining most affordable Nashville, TN auto insurance companies.
In this example, we will give the driver in the first example a claim surcharge, bad credit, and a stop sign violation. Due to the fact that each insurance company uses a different method to establish rates, analyzing rates may now present a slightly different list of affordable Nashville car insurance companies as shown below.
Erie now has the best auto insurance rate in Nashville, TN with Nationwide, Allied, Westfield, and GEICO now being in the top five. This example demonstrates why it is critical to perform a complete rate comparison when trying to find the most budget-friendly auto insurance quotes for drivers over age 60.
Car insurance prices are made up of many factors and change frequently, so the most affordable company the last time you checked may now be priced much higher than other options.
The insurance agents in Nashville listed below are willing to provide answers to your questions and help you determine which coverages you need, since lots of drivers aren’t clear which coverage they need and would like to have a consultation when shopping around for cheaper insurance for drivers over age 60. It’s not always easy to find the cheapest rate yourself, and getting advice from a licensed Tennessee insurance agent can add satisfaction knowing your coverage gives you adequate protection in case of an accident or claim.
To locate a Nashville auto insurance agent using an interactive map, click the link at the bottom.
Allstate Insurance: Fred J. Duke Jr.
171 Belle Forest Cir – Nashville, TN 37221 – (615) 662-1884
Bobby Berry – State Farm Insurance Agent
703 Main St – Nashville, TN 37206 – (615) 271-2996
Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900
Jeff Summers – State Farm Insurance Agent
336 21st Ave N – Nashville, TN 37203 – (615) 320-3016
Arnie Phipps – State Farm Insurance Agent
4811 Trousdale Dr c – Nashville, TN 37220 – (615) 833-1300
More insurance agents in Nashville, TN
How to find budget-friendly car insurance for drivers over age 60
It is possible to find better rates, and here are some of the better money-saving suggestions that can help Tennessee drivers locate low-cost coverage.
- Buy a car with high safety ratings
- Avoid at-fault accidents and claims
- Violations like speeding or DUI increase rates
- Good credit can mean cheaper rates
- Avoid filing excessive claims
- Compare prices as often as possible
That last idea is highly crucial, as was pointed out in this article. Auto insurance rates can be adjusted at any time, so don’t hesitate to change insurance companies if you find a better deal. Being loyal to a particular company is commendable, but is isn’t recommended if that stubbornness costs you thousands of dollars over several years. In just a couple of minutes you could compare rates and find cheaper insurance for drivers over age 60 in Nashville.