Who Has the Cheapest Auto Insurance Rates for Ride Shares in Nashville?

The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are trying to find the lowest insurance rates for a Honda Accord. Let’s get started by showing you a few of the factors the can have a considerable influence on insurance prices, and come up with some ways to take the bite out of the next policy you buy.

For an Accord, one of the largest criteria that determine the annual cost of car insurance is where you call home in Nashville. Larger areas tend to have higher rates, whereas areas with less congestion have the enjoyment of a little cheaper coverage.

The following table ranks the most expensive cities in Tennessee for a Honda Accord in which to buy car insurance. Nashville shows up at #9 costing $1,213 for car insurance, which is around $101 per month.

How much is auto insurance in Nashville, TN?
Rank City Annual Rate
1 Memphis $1,460
2 Bartlett $1,405
3 Germantown $1,374
4 Collierville $1,309
5 Jackson $1,266
6 Oak Ridge $1,260
7 Columbia $1,226
8 Knoxville $1,218
9 Nashville $1,213
10 Maryville $1,208
11 Murfreesboro $1,194
12 Clarksville $1,194
13 La Vergne $1,186
14 Brentwood $1,179
15 Franklin $1,175
16 Spring Hill $1,157
17 Smyrna $1,148
18 Cookeville $1,147
19 Cleveland $1,135
20 Gallatin $1,133
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Prices are comparative as the specific Nashville residence address can raise or lower coverage prices greatly.

The make and model of vehicle to be insured is one of the largest factors when comparing quotes for economical car insurance for a Honda Accord. Vehicles with reasonable performance levels, an excellent safety record, or a low likelihood of having liability claims will cost much less to insure than fast, unsafe models. The next list showcases insurance prices for a number of the more affordable vehicles to insure in Tennessee.

Cheapest Vehicles to Insure in Nashville, TN
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,025
Ford Escape XLT 2WD $1,028
Honda Accord LX 4-Dr Sedan $1,035
Ford Focus SE 4-Dr Sedan $1,063
Volkswagen Jetta 2.0T Station Wagon $1,075
Hyundai Elantra SE Touring Station Wagon $1,086
Toyota Tacoma Double Cab 4WD $1,107
Toyota Prius $1,112
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,124
Toyota Corolla LE $1,142
Chevrolet Impala LTZ $1,150
Ford F-150 XL Super Cab 4WD $1,152
Ford Edge SE AWD $1,157
Chevrolet Silverado LTZ Extended Cab 4WD $1,164
Toyota RAV4 Limited 4WD $1,182
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rate information does not factor in specific zip code location which can affect prices significantly.

Looking at the rates, cars like the Honda CR-V, Ford Escape, and Honda Accord will definitely be a few of the cheapest vehicles to insure for an Accord.

Trying to buy reasonably-priced auto insurance is tough enough, and finding out which company offers the best auto insurance rates for a Honda Accord involves a little more work. Each insurer uses slightly different criteria to determine premium rates, so let’s rank the auto insurance companies that tend to have lower prices in Tennessee.

Lowest Insurance Price Quotes for Your Accord

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Cheapest insurance companies in Tennessee
Rank Company Cost Per Year
1 Utica National $737
2 Auto-Owners $827
3 Cincinnati Insurance $850
4 Penn National $926
5 USAA $929
6 Tennessee Farmers $951
7 Erie $967
8 Nationwide $1,032
9 Westfield $1,047
10 Allied $1,060
11 GEICO $1,156
12 Travelers $1,165
13 Shelter $1,187
14 Progressive $1,190
15 The Hartford $1,208
16 State Farm $1,213
17 Direct General $1,214
18 State Auto $1,254
19 21st Century $1,261
20 Chubb $1,316
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Utica National normally has some of the cheapest car insurance rates in Nashville at around $737 a year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA would also make the list of some of the lowest-priced Nashville, TN car insurance companies.

In the above rates, if you are a customer of Penn National and switched to Auto-Owners, you might realize a yearly price reduction of approximately $99. Insureds with USAA might save as much as $102 a year, and Tennessee Farmers insureds might see rate reductions of $124 a year.

Remember that these policy prices are averages for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for a Honda Accord. So the company that can offer the best rates for your situation may not even be in the top 30 companies in the list above. That point stresses why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

Auto insurance rates are higher with tickets and accidents

In a perfect world, the ideal way to receive good auto insurance premiums in Tennessee for an Accord is to drive attentively and avoid accidents and traffic violations. The diagram below highlights how traffic violations and fender-benders can impact car insurance rates for different age groups of insureds. Data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

The data above shows the average cost of a car insurance policy in Tennessee per year with no accidents or violations is $1,298. Get one speeding ticket and the average cost increases to $1,510, an increase of $212 each year. Now throw in one accident along with the one speeding ticket and the annual cost of auto insurance for a Honda Accord goes up to an average of $2,104. That’s an increase of $806, or $67 per month, just for not driving responsibly!

The example below illustrates how your choice of deductibles can affect insurance costs when trying to find cheap insurance for a Honda Accord. The premiums assume a married female driver, full coverage, and no discounts are applied.

In the chart above, a 50-year-old driver could lower their car insurance rates by $276 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $416 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could save as much as $682 annually by choosing a higher deductible. When using a larger deductible, it will be required to have enough funds in savings to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

How to find cheaper insurance for a Honda Accord

Lowering your rates is not difficult, and here are a few thrifty suggestions that can help drivers buy cheaper coverage.

That last idea is especially crucial, as was noted in the prior article. Insurance prices vary greatly, so don’t be tentative to change to a new company if you can find a cheaper rate.

Having a favorite company is fine, but it’s not a great idea if that loyalty results in overpaying hundreds of dollars a year. In just a few minutes you could shop around and find cheaper insurance for a Honda Accord in Nashville.

The insurance agencies listed below can probably provide answers to your questions and help you determine which is the best policy, since many people would rather have a consultation when buying car insurance for an Accord. It can be difficult to find the best coverage on your own, so getting advice from a licensed Tennessee insurance agent can provide satisfaction knowing your coverage gives you sufficient coverage for your assets.

To locate a Nashville auto insurance agent close to where you live, click the button at the bottom of the list or click here to compare price quotes.

Roy Arnold – State Farm Insurance Agent
2600 Lebanon Pike aNashville, TN 37214(615) 871-0663

Mike Maclean – State Farm Insurance Agent
3922 Gallatin PikeNashville, TN 37216(615) 891-1241

Zander Insurance Group
6213 Charlotte PikeNashville, TN 37209(615) 356-1700

Find a Nashville, TN insurance agent near you