Unthinkable but true, a large majority of insurance policyholders in Tennessee have remained with the same insurance company for more than four years, and nearly the majority have never shopped around. Drivers in the U.S. could cut their rates by $850 a year by just comparing rate quotes, but they don’t understand how simple it is to compare rates and save money.
It takes a few minutes, but the best way to get more affordable Chevy Volt insurance in Nashville is to regularly compare prices from insurers who can sell car insurance in Tennessee.
First, read about auto insurance and the measures you can control to keep rates down. Many risk factors that are responsible for high rates like getting speeding tickets and a bad credit rating can be rectified by improving your driving habits or financial responsibility. This article gives instructions to help prevent high rates and get additional discounts.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while independent agencies can provide price quotes from multiple insurance companies.
Third, compare the quotes to your existing coverage and see if there is a cheaper rate. If you find a lower rate quote and make a switch, make sure there is no lapse in coverage.
Fourth, provide written notification to your current company of your intention to cancel your current auto insurance policy. Submit a signed application and payment to the new company. As soon as you have the new policy, put the certificate verifying proof of insurance in an easily accessible location in your vehicle.
One thing to remember is to make sure you’re comparing similar coverage information on every quote request and and to get price quotes from as many carriers as you can. Doing this guarantees a fair rate comparison and a thorough price selection.
How to buy Chevy Volt insurance online
There are several ways to compare quotes from many auto insurance companies in Tennessee. The best method to find cheaper Chevy Volt rates consists of obtaining rate quotes online. When quoting auto insurance, remember that quoting more will improve the odds of getting more affordable insurance. Not every company provides online price quotes, so you should also compare price estimates from those companies as well.
The companies in the list below can provide free rate quotes in Nashville, TN. To get cheap auto insurance in TN, we recommend you compare several of them in order to get a fair rate comparison.
Save money with discounts
Auto insurance companies don’t always publicize all discounts very clearly, so the list below contains a few of the more well known as well as some of the hidden credits available to lower your premiums when you buy Nashville auto insurance online.
- Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a lower premium rate if you buy life insurance.
- Good Students Pay Less – This discount can save 20 to 25%. The discount lasts well after school through age 25.
- Discount for Home Ownership – Being a homeowner can earn you a little savings because it requires a higher level of personal finance.
- Defensive Driver Discount – Completing a defensive driver course can save you 5% or more if you qualify.
- Lower Rates for Military – Being on active duty in the military could trigger a small discount.
- Driving Data Discount – People who choose to allow driving data submission to spy on when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot could see a rate decrease if they have good driving habits.
- Discount for Multiple Policies – If you combine your auto and home policies with the same insurance company you could save over 10 percent off each policy depending on the company.
- Safe Driver Discounts – Safe drivers can get discounts for up to 45% lower rates than drivers with accidents.
- Driver’s Ed – Have your child successfully take a driver’s education course as it can save substantially.
As is typical with insurance, many deductions do not apply to your bottom line cost. Most only cut specific coverage prices like comprehensive or collision. Despite the appearance that it’s possible to get free car insurance, that’s just not realistic.
If you would like to see a list of providers that offer some of these discounts in Tennessee, click this link.
Local insurance agents
Some consumers still like to get advice from a local agent and that is recommended in a lot of cases A good thing about comparing rates online is you may find cheap car insurance rates and also buy local.
To make it easy to find an agent, after completing this quick form, the coverage information is transmitted to companies in Nashville that can give you free Nashville auto insurance quotes for your car insurance coverage. You don’t have to contact an agency because prices are sent to the email address you provide. It’s the lowest rates and work with a local agent. In the event you want to compare prices from one company in particular, don’t hesitate to jump over to their website and submit a quote form there.
Choosing the best insurer needs to be determined by more than just the bottom line cost. Agents should be asked these questions:
- How experienced are they in personal risk management?
- Do they have any clout with companies to ensure a fair claim settlement?
- If independent agents, which companies do they recommend?
- What company holds the largest book of business for them?
- Is vehicle mileage a factor when determining depreciation for repairs?
Four Tips to Get More Affordable Nashville Insurance Rates
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that play a part in calculating the level of your policy premiums. If you have a feel for what controls the rates you pay, this helps enable you to make changes that may result in cheaper rates.
The factors shown below are a few of the things that factor into your rate level.
Better rates for no policy lapses – Driving with no insurance is against the law and your next policy will cost more because you let your coverage lapse. In addition to paying higher rates, being ticketed for driving with no insurance can result in fines and jail time.
Certain jobs raise rates – Did you know your job can affect your rates? Jobs like real estate brokers, air traffic controllers, and miners generally have higher premium rates attributed to intense work-related stress and lots of time spent away from family. On the flip side, occupations like farmers, students and performers pay the least.
Teenage drivers cost more – More experienced drivers tend to be more responsible, are lower risk to insure, and get fewer tickets. Teen drivers have a tendency to get distracted easily in a vehicle so they pay higher insurance rates.
Liability safeguards assets – Your insurance policy’s liability coverage will provide protection when a jury decides you are liable for physical damage or personal injury to other. It provides legal defense coverage to defend your case. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
Chevy Volt historical loss data – Companies take into consideration historical loss data for every vehicle to calculate a rate that offsets possible losses. Vehicles that the data determines to have higher loss trends will have a higher cost to insure. The data below shows the loss history for Chevy Volt vehicles.
For each policy coverage, the statistical loss for all vehicles, as an average, equals 100. Values that are 100 or less suggest a positive loss record, while percentage values above 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Volt Electric||89||83||81||71||73||90|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
It may be expensive, but it’s not optional
Even though it can be expensive, insuring your vehicle may be required for several reasons.
First, almost all states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability protection in order to drive the car legally. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you have a lien on your vehicle, most lenders will require that you buy full coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Chevy at a much higher premium rate and require you to pay for the much more expensive policy.
Third, auto insurance preserves both your vehicle and your personal assets. It will also reimburse you for most medical and hospital costs incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of carrying adequate insurance outweigh the cost, especially when you need to use it. But the average driver in Tennessee is currently overpaying as much as $830 a year so you should quote and compare rates each time the policy renews to ensure rates are inline.
More quotes mean more insurance savings
When getting Nashville auto insurance quotes online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many cases, consumers will sacrifice liability limits or collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The aim is to buy the best coverage you can find at the best cost and still be able to protect your assets.
Drivers change insurance companies for a number of reasons such as poor customer service, delays in responding to claim requests, extreme rates for teen drivers and even lack of trust in their agent. Whatever your reason, finding the right insurance provider is less work than it seems.
In this article, we presented some good ideas how to shop for Chevy Volt insurance online. The key thing to remember is the more you quote Nashville auto insurance, the higher the chance of saving money. Consumers could even find that the best price on insurance is with the least-expected company.
Much more information about insurance in Tennessee is available at these links:
- Uninsured Motorist Statistics (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for High Mileage Drivers in Nashville? (FAQ)
- Who Has the Cheapest Auto Insurance for a Learners Permit in Nashville? (FAQ)
- Who Has Affordable Car Insurance Rates for Good Students in Nashville? (FAQ)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Eight Auto Insurance Myths (Insurance Information Institute)