Who Has the Cheapest Auto Insurance for Single Moms in Nashville?

The words “bargain” and “insurance” really should not be used together, specifically when you are shopping around for the best car insurance for single moms. In an attempt to save some money, let’s start the ball rolling by going over some things that have an effect on insurance rates, and find out if you can lower the cost of the next policy you buy.

For single parents, one of the more important criteria that determine the amount you pay each year for auto insurance is where your residence is. Areas with more people or higher crime rates tend to have more expensive car insurance rates, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.

The information below ranks the priciest cities in Tennessee for single moms to purchase auto insurance in. Nashville makes the list at #14 with an annual rate of $1,177 for the average policyholder, which is approximately $98 per month.

How much is auto insurance in Nashville, TN?
Rank City Annual Rate
1 Memphis $1,490
2 Bartlett $1,363
3 Germantown $1,360
4 Collierville $1,309
5 Jackson $1,266
6 Oak Ridge $1,260
7 Knoxville $1,230
8 Columbia $1,214
9 Maryville $1,208
10 Clarksville $1,206
11 Spring Hill $1,193
12 Smyrna $1,183
13 Murfreesboro $1,183
14 Nashville $1,177
15 Cookeville $1,171
16 Hendersonville $1,170
17 La Vergne $1,151
18 Brentwood $1,133
19 Franklin $1,129
20 Morristown $1,125
21 Gallatin $1,121
22 Chattanooga $1,115
23 Cleveland $1,102
24 Johnson City $1,073
25 Kingsport $1,068
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Premium amounts are comparative as the specific Nashville residence address can decrease or increase price quotes substantially.

The vehicle requiring coverage is a large factor that determines whether or not you find cheaper car insurance for single moms. Vehicles with more horsepower, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models.

The data below presents car insurance costs for a handful of the cheaper automobiles to insure.

Cheapest Vehicles to Insure in Nashville, TN
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,024
Ford Explorer XLT 4WD $1,150
Ford Edge SE AWD $1,189
Chevrolet Impala LT $1,212
Chevrolet Malibu LS $1,218
Dodge Grand Caravan Crew $1,235
Honda Accord LX 4-Dr Sedan $1,255
Hyundai Elantra GLS Touring Station Wagon $1,264
Ford Escape Limited 4WD $1,272
Hyundai Sonata GLS 4-Dr Sedan $1,297
Toyota Prius $1,304
Jeep Grand Cherokee Limited 2WD $1,297
Toyota Tacoma 4WD $1,315
Ford Focus SE 4-Dr Sedan $1,363
Toyota Camry Hybrid $1,382
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate information does not factor in specific Nashville, TN garaging location which can decrease or increase prices significantly.

By looking at the data, we can assume that makes and models like the Honda CR-V, Ford Explorer, Ford Edge, and Chevrolet Impala are the most economical vehicles to insure for single parents.

Cost of full coverage in Nashville

Saving on car insurance is probably important to the majority of drivers, and a great way to reduce the cost of insurance for single moms is to buy only liability coverage. The illustration below compares insurance costs with full physical damage coverage and with liability coverage only. The costs are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Averaged out for all age groups, full coverage on your policy costs an extra $1,318 per year over and above liability coverage. That proposes the question if it’s worth it to buy full coverage. There isn’t a steadfast formula to stop paying for physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

How to find a good Nashville car insurance company

Choosing the right insurer can be rather challenging considering how many choices drivers have in Tennessee. The company information shown below can help you choose which auto insurance companies you want to consider buying from. The rankings below include the largest companies in the United States, so companies that focus mainly on Tennessee business will not be included in this list.

Nashville, TN Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
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Data Source: Insure.com Best Car Insurance Companies

The example below illustrates how your choice of deductibles can affect annual premium costs when trying to find cheap insurance for single moms. The rates are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

The chart above illustrates that a 40-year-old driver could lower their policy premium by $276 a year by changing from a $100 deductible up to a $500 deductible, or save $416 by selecting a $1,000 deductible. Even younger drivers, such as the Age 20 example, could shave as much as $682 or more just by choosing larger deductibles. If you make the decision to raise deductibles, it’s a good idea to have spare funds to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.