How long has it been since you sat down and looked for cheaper Subaru WRX insurance in Nashville? Having to pay for overpriced Subaru WRX insurance in Nashville can empty your savings account and force you to prioritize other expenses. Doing a rate comparison is recommended to lower your bills every month.
Regrettably, most consumers have bought car insurance from the same company for well over three years, and approximately 40% of consumers have never compared rate quotes at all. Tennessee consumers could save an average of approximately 35% each year, but they don’t know the benefits if they replace their high priced policy.
Steps to finding more affordable Subaru WRX insurance in Nashville
The recommended way to get the cheapest auto insurance rates is to make a habit of regularly comparing prices from insurers who provide auto insurance in Nashville. Drivers can shop around by completing these steps.
First, try to learn a little about individual coverages and the modifications you can make to prevent high rates. Many things that cause rate increases like speeding tickets, accidents and a negative credit history can be eliminated by improving your driving habits or financial responsibility. This article provides more information to get better rates and get additional discounts that may have been overlooked.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or Farmers Insurance, while independent agents can provide rate quotes from many different companies.
Third, compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote and switch companies, make sure there is no lapse in coverage.
Fourth, provide notification to your current agent or company of your decision to cancel your current policy and submit the required down payment along with the signed application to the new company. Once coverage is bound, place your new certificate verifying proof of insurance in an easily accessible location in your vehicle.
An important bit of advice to remember is to try to use the same physical damage deductibles and liability limits on each quote and and to get rate quotes from as many different insurance providers as possible. Doing this ensures an accurate price comparison and a thorough price selection.
Drivers have multiple auto insurance companies to insure vehicles with, and although it’s a good thing to have a choice, it makes it harder to locate the cheapest rates for Subaru WRX insurance in Nashville.
Insurance policy discounts for Subaru WRX insurance in Nashville
Some providers do not advertise every discount available very clearly, so the list below gives a summary of a few of the more common and the more hidden ways to save on insurance.
- Driver’s Education for Students – Have your child successfully take a driver’s education course in school.
- One Accident Forgiven – Not a discount per se, but companies like State Farm and Allstate will forgive one accident without the usual rate increase so long as you are claim-free for a specific time period.
- Air Bags and Passive Restraints – Factory air bags can get savings of up to 25% or more.
- Sign Early and Save – Some insurance companies provide a discount for buying a new policy early. This can save 10% or more.
- E-sign – A few larger online companies will provide an incentive for completing your application on the internet.
- New Vehicle Savings – Buying insurance on a new vehicle can get you a discount since new model year vehicles are generally safer.
A quick disclaimer, some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, insurance companies aren’t that generous.
A few companies that have some of the above discounts are:
When comparing rates, check with every company which discounts you may be entitled to. Savings might not be offered in Nashville. To view providers that offer many of these discounts in Tennessee, follow this link.
The car insurance companies shown below offer free quotes in Tennessee. If you wish to find the best auto insurance in Nashville, TN, we recommend you compare several of them to get a more complete price comparison.
Why Informed Consumers Pay Less for Subaru WRX Insurance
It’s important that you understand some of the things that aid in calculating auto insurance rates. If you know what positively or negatively impacts your premiums, this enables informed choices that can earn you lower premium levels. Lots of factors are part of the calculation when premium rates are determined. A few of the factors are predictable such as your driving record, but other criteria are not as apparent such as whether you are married and annual miles driven.
The itemized list below are most of the major factors companies use to determine rates.
Safer the car lower the rate – Safer cars get lower rates. Vehicles built for safety reduce occupant injuries and fewer injuries means less claims paid passed on to you as lower rates. If your Subaru is rated at a minimum four stars on Safercar.gov you may pay a lower rate.
Don’t cancel your policy without a new one in place – Driving any period of time without insurance can get your license suspended and you will pay a penalty because you let your insurance coverage expire. In addition to paying higher premiums, the inability to provide proof of insurance could earn you fines and jail time. You may need to provide proof of insurance in the form of an SR-22 filing with the Tennessee DMV.
Premiums are high for teenagers – Older drivers are viewed as being more responsible, cost insurance companies less in claims, and tend to be get fewer driving tickets. Teen drivers have a tendency to be more careless with other occupants in the car therefore auto insurance rates are much higher.
Long commutes cost more – The more you drive each year the higher the price you pay to insure it. The majority of insurers charge to insure your cars partially by how you use the vehicle. Cars not used for work or commuting receive lower rates than vehicles that are driven to work every day. An incorrectly rated WRX can cost quite a bit. Ask your agent if your policy correctly shows the right rating data, because improper ratings can cost you money.
Raise coverage deductibles and save – Coverage for physical damage, also called comprehensive and collision insurance, insures against damage to your Subaru. Some coverage claims are a broken side mirror, hail damage, or theft. Comprehensive and collision coverage deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The more money you are required to pay out-of-pocket, the lower your rates will be.
Cheaper to insure gals? – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. It does not mean males are worse at driving than females. Men and women are responsible for at-fault accidents in similar percentages, but the male of the species cause more damage. Not only are claims higher, but men get ticketed for serious violations such as DWI and reckless driving.
Impacts performance impacts auto insurance premiums – The performance level of the car you need to insure makes a significant difference in your auto insurance rates. The lowest performance passenger models receive the most favorable rates, but the cost you end up paying is determined by many additional factors.
Marriage is a factor – Being married can actually save you money on auto insurance. Having a spouse generally demonstrates drivers are more mature and statistics show married couples file fewer claims.
Subaru WRX claim probability – Companies factor in insurance loss information to help calculate a profitable premium price. Models that statistically have higher claim amounts or frequency will be charged more to insure. The next table shows the actual insurance loss data for Subaru WRX vehicles.
For each policy coverage, the loss probability for all vehicles combined as an average is set at 100. Numbers under 100 indicate a favorable loss history, while numbers that are greater than 100 point to more frequent losses or an increased likelihood of larger losses.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Subaru WRX 4WD||141||82||158||94||81||84|
Statistics from IIHS.org for 2013-2015 Model Years
Neighborhood Nashville auto insurance agents
Some consumers just prefer to buy from a local agent and doing so can bring peace of mind Good agents can point out coverage gaps and will help you if you have claims. An additional benefit of comparing rate quotes online is you can get cheap insurance rates but still work with a licensed agent.
For easy comparison, once you complete this simple form, the quote information is immediately sent to local insurance agents in Nashville who will give you quotes for your coverage. You won’t even need to find an agent on your own due to the fact that quote results will go directly to your email. If you have a need to compare prices from a particular provider, don’t hesitate to visit that company’s website to submit a rate quote request.
Selecting an insurance company requires you to look at more than just the price. Any agent in Nashville should be forthright in answering these questions:
- Do they get paid more for recommending certain coverages?
- Do they have any clout with companies to ensure a fair claim settlement?
- Is the agency active in community causes in Nashville?
- Do they make recommendations based only on price?
- Which companies do they recommend if they are an independent agency?
- Is auto insurance their primary focus in Nashville?
- Is there a local claims center in Nashville?
If you want a local Nashville insurance agency, there are two different types of agents from which to choose. Agents are categorized either exclusive or independent (non-exclusive). Either one can provide insurance policies, but we need to point out how they are different because it may have an impact on your agent selection.
These type of agents work for only one company and some examples include State Farm, AAA, and Liberty Mutual. These agents are unable to give you multiple price quotes so always compare other rates. Exclusive agents are highly trained on their products and sales techniques which helps them compete with independent agents.
Listed below is a short list of exclusive insurance agencies in Nashville willing to provide rate quotes.
Independent Insurance Agencies
These type of agents are normally appointed by many insurers so they can write business through many different insurance companies and find the cheapest insurance rates. If your agent finds better pricing, the business is moved internally and you don’t have to do anything. When comparison shopping, you should always compare prices from multiple independent agents to have the most options to choose from.
Shown below is a short list of independent insurance agencies in Nashville that can give you comparison quotes.
If you receive good answers and an acceptable price quote, you may have just found an insurance agency that will insure your vehicles. But keep in mind policyholders can terminate your policy when you choose so don’t think you’re contractually obligated to your new company with no way to switch.
Here’s why insurance is not optional
Despite the potentially high cost of Subaru WRX insurance, buying insurance serves an important purpose.
- Most states have compulsory liability insurance requirements which means state laws require a specific level of liability protection if you don’t want to risk a ticket. 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.
- If your Subaru has a lienholder, almost every bank will require that you buy full coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Subaru for a lot more money and force you to pay for the expensive policy.
- Insurance preserves your Subaru and your assets. It will also cover all forms of medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance outweigh the cost, particularly when you have a large claim. The average driver in America is overpaying more than $865 each year so it’s recommended you shop around once a year at a minimum to save money.
Find affordable car insurance rates by comparing often
Cost effective Subaru WRX insurance is definitely available online and with local Nashville insurance agents, and you should be comparing both to have the best rate selection. Some companies may not have online rate quotes and usually these smaller companies only sell through independent agents.
We just presented some good ideas how to reduce Subaru WRX insurance rates online in Nashville. It’s most important to understand that the more you quote Nashville car insurance, the better your chances of lowering your auto insurance rates. Consumers may even find the best rates are with some of the lesser-known companies. These companies often have lower auto insurance rates on specific markets than their larger competitors like State Farm, GEICO and Nationwide.
How to find affordable Subaru WRX insurance in Nashville
Really, the only way to get low-cost Subaru WRX insurance in Nashville is to annually compare prices from insurance carriers who provide auto insurance in Tennessee. This can be done by following these guidelines.
First, gain an understanding of what coverages are included in your policy and the steps you can take to keep rates in check. Many policy risk factors that are responsible for high rates such as accidents, traffic violations, and poor credit history can be amended by making minor changes in your lifestyle.
Second, request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agents can provide rate quotes from multiple companies. View prices
Third, compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate and buy the policy, make sure there is no coverage gap between policies.
Fourth, provide written notification to your current company to cancel your existing policy. Submit a completed policy application and payment to the newly selected company. Make sure you store the proof of insurance certificate in your vehicle.
A good tip to remember is that you’ll want to make sure you compare the same amount of coverage on each quote and and to get prices from as many different insurance providers as possible. This ensures an accurate price comparison and the best price selection.
More information can be read at the links below
- Vehicle Safety Ratings (iihs.org)
- Who Has Cheap Nashville Car Insurance Rates for 16 Year Olds? (FAQ)
- Who Has the Cheapest Nashville Auto Insurance Rates for Drivers Over Age 70? (FAQ)
- Who Has Affordable Nashville Car Insurance Quotes for Real Estate Agents? (FAQ)
- Rollover Crash FAQ (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)