Finding reliable, reasonably-priced auto insurance is not easy, and deciding which company has the best auto insurance rates for college graduates may require more quotes for comparison. Each insurer uses a little different formula for setting prices, so we’ll go over the auto insurance companies that tend to have lower prices in Nashville.
Keep in mind that Nashville, TN auto insurance rates are influenced by many factors that will increase or decrease the price you pay for coverage. Improving your credit score, buying a higher-value vehicle, or getting a ticket for careless driving can trigger changes in premium resulting in some companies being cheaper than competitors.
Find the Cheapest Car Insurance for Grads
|Rank||Company||Cost Per Year|
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Utica National may offer some of the best car insurance rates in Nashville at around $767 a year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA would also be considered some of the more affordable Nashville, TN insurance companies.
As illustrated above, if you are a customer of Penn National and switched to Utica National, you might realize savings of in the vicinity of $141. Tennessee drivers with USAA might save as much as $152 a year, and Tennessee Farmers policyholders might reduce rates by $184 a year.
Be aware that those policy prices are averages across all drivers and vehicles in Tennessee and and are not figured with an exact vehicle garaging location for college graduates. So the company that has the cheapest price for you may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own individual information.
The type of vehicle you are seeking coverage for is one of the biggest factors when comparison shopping for the lowest-priced car insurance for college graduates. Vehicles with lots of speed or power, poor passenger safety features, or a track record of large liability claims will cost quite a bit more to insure than more modest models. The next list ranks auto insurance costs for the most economical vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,031|
|Honda Odyssey EX W/Rear Entertainment||$1,200|
|Honda CR-V EX-L 2WD||$1,211|
|Nissan Altima 2.5 4-Dr Sedan||$1,223|
|Chevrolet Malibu LT||$1,246|
|Ford Explorer Limited 4WD||$1,252|
|Ford Focus SES 4-Dr Sedan||$1,262|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,267|
|Honda Accord LX-P 4-Dr Sedan||$1,276|
|Volkswagen Jetta SE 4-Dr Sedan||$1,308|
|Ford Fusion Sport 4-Dr Sedan||$1,314|
|Chevrolet Equinox LTZ 2WD||$1,308|
|Dodge Grand Caravan CV||$1,329|
|GMC Sierra 3500HD SLE Regular Cab 2WD||$1,334|
|Hyundai Elantra SE Touring Station Wagon||$1,375|
|Hyundai Sonata Limited 4-Dr Sedan||$1,398|
|Toyota Camry Hybrid||$1,403|
|Chevrolet Impala LT||$1,401|
|Jeep Grand Cherokee Laredo 2WD||$1,411|
|Toyota Tacoma 4WD||$1,419|
|Ford Edge Sport AWD||$1,474|
|Toyota Corolla S||$1,480|
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in your specific Nashville, TN location which can influence coverage prices substantially.
Based upon these rates, makes and models like the Ford Escape, Honda Odyssey, Honda CR-V, and Nissan Altima are going to be a few of the more affordable vehicles to insure for college grads.
For college grads, one of the more important things that determine the amount you pay for auto insurance is where you choose to live. Areas with increased crime or more people tend to pay more, whereas less populated areas receive better rates.
The information below lists the highest-priced areas in Tennessee for college graduates to buy car insurance in. Nashville is listed at #12 with the yearly price of $1,177 for car insurance, which is around $98 monthly.
|Rank||City||Average Per Year|
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Rate information is estimated as the specific geographic location can lower or raise price quotes considerably.
The diagram below illustrates how choosing a deductible can raise or lower insurance costs when researching cheap insurance for college graduates. The rate quotes are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
In the chart above, a 30-year-old driver could lower rates by $372 a year by changing from a $100 deductible up to a $500 deductible, or save $560 by using a $1,000 deductible. Even younger insureds, like the Age 20 chart data, can save up to $1,096 or more by selecting a higher deductible. When using a larger deductible, it will be necessary to have spare funds to offset the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Picking a highly-rated insurer can be challenging considering how many different companies sell coverage in Tennessee. The company ratings in the next section could help you decide which coverage providers to look at when trying to find cheaper insurance for college graduates. The ratings below are only comprised of companies who write in the majority of U.S. states, so companies that only write business in Tennessee or surrounding areas will not be included in this list.
Top 10 Large Auto Insurance Companies in Nashville Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- Titan Insurance
The importance of comparing Nashville car insurance rates
Nashville auto insurance rates are based on many factors that control the cost of having a policy. Simply having another birthday, moving across town, or getting a reckless driving citation can trigger rate changes that can cause some rates to be cheaper than competitors.
Not only that, but car insurance companies file new Tennessee car insurance rates every year in order to be able to pay unexpected claims. An unexpected high level of claims can cause additional premium costs, while lower claims may produce cheaper Nashville car insurance rates.
As an example, the bar chart below shows a variety of companies that have the cheapest car insurance in Nashville, TN for a 30-year-old male driver with no accidents or violations, and a decent credit rating. If we estimate rates based on his personal risk profile, Utica National quotes the most affordable car insurance rates in Nashville at $859 each year. This is $469 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, USAA, and Tennessee Farmers are also included in the best Nashville, TN auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison some claims, a lower credit rating, and a blemish on his driving record. Due to the fact that every auto insurer has their own process for determining rates, comparing insurance quotes will most likely result in a different set of the cheapest Nashville car insurance companies as shown below.
Erie now has the best price in Nashville with Nationwide, Allied, Westfield, and GEICO also having competitive pricing. This demonstrates why Nashville drivers need to compare rates when trying to get the most budget-friendly car insurance rates for college graduates.
Car insurance prices are impacted by many things and change frequently, so the best company when you last compared rates may now be quite expensive.
The Nashville, TN, insurance agents below can most likely help you determine which policy fits your needs best, as some drivers have questions and prefer to get some help when shopping for cheaper insurance for college grads. It can be complicated to find the cheapest rates, and a professional agent can give comfort knowing your policy gives you enough coverage when you need it. To locate an agency in your neighborhood, click the link after the list or click here to get price quotes now.
Chamberlain Insurance Agency
4741 Trousdale Dr #104 – Nashville, TN 37220 – (615) 922-2317
Gail Hughes – State Farm Insurance Agent
2592 Murfreesboro Pike b – Nashville, TN 37217 – (615) 361-1906
Cheryl Crewse – State Farm Insurance Agent
15582 Old Hickory Blvd – Nashville, TN 37211 – (615) 831-1800
Farmers Insurance – Greg Nelson
217 Old Hickory Blvd – Nashville, TN 37221 – (615) 646-3333