Who Has the Cheapest Car Insurance Rates for Drivers with Accidents in Nashville?

The make and model of vehicle requiring coverage is one of the largest factors that determines the availability of the most affordable auto insurance for drivers with accidents. Vehicles with lots of horsepower, poor passenger safety features, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The next list outlines auto insurance rates for a handful of the more affordable vehicles to insure in Tennessee.

Cheapest Vehicles to Insure in Nashville, TN
Vehicle Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $2,400
Honda CR-V EX-L 2WD $2,429
Ford Escape Limited 2WD $2,583
Jeep Wrangler Sport Islander Package 4WD 2-Dr $2,664
Toyota Prius $2,732
Volkswagen Jetta 2.0T Station Wagon $2,755
Ford Edge SE 2WD $2,780
Toyota Tacoma 4WD $2,868
Ford Explorer Eddie Bauer AWD $2,870
Dodge Ram 3500 Crew Cab Laramie 2WD $2,879
Toyota RAV4 4WD $2,972
Hyundai Elantra SE 4-Dr Sedan $2,990
Dodge Grand Caravan Crew $3,006
Chevrolet Malibu LT $3,015
Ford F-150 FX4 Super Cab 4WD $3,006
Chevrolet Impala LT $3,015
GMC Sierra 2500HD SLE Crew Cab 4WD $3,019
Jeep Grand Cherokee Limited 4WD $3,028
Ford F-350 XL Crew Cab Cabela Package 2WD $3,051
Nissan Rogue S AWD $3,071
Toyota Corolla LE $3,128
Chevrolet Silverado LTZ Extended Cab 4WD $3,162
Chevrolet Equinox LTZ 2WD $3,171
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Cost estimates assume single male driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific location information which can alter coverage rates significantly.

Looking at the numbers, you can figure that models like the Honda Accord, Honda CR-V, Ford Escape, and Jeep Wrangler are most likely going to be a few of the cheapest vehicles to insure for drivers with at-fault accidents. The cost of auto insurance will be more expensive just because there is a higher risk for drivers with accidents, but generally speaking those specific models will tend to have the cheapest auto insurance rates compared to all other vehicles.

One of the more important things that are looked at to help calculate car insurance rates is where you call home. Regions with more people or even just more weather-related claims tend to pay slightly more, whereas areas that tend to be more rural have the gratification of cheaper auto insurance rates.

The next table sorts the most costly cities in Tennessee for drivers with accidents in which to buy car insurance. Nashville makes the list at #9 costing $1,201 for car insurance, which is about $100 each month.

How much is car insurance in Nashville?
Rank City Premium Per Year
1 Memphis $1,446
2 Bartlett $1,405
3 Germantown $1,334
4 Collierville $1,309
5 Jackson $1,266
6 Columbia $1,226
7 Oak Ridge $1,223
8 Spring Hill $1,205
9 Nashville $1,201
10 Maryville $1,196
11 Knoxville $1,194
12 Murfreesboro $1,183
13 Morristown $1,171
14 Clarksville $1,170
15 Franklin $1,164
16 La Vergne $1,162
17 Chattanooga $1,161
18 Smyrna $1,159
19 Cookeville $1,147
20 Brentwood $1,144
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Rate quotes are estimated as the specific Nashville residence address can lower or raise coverage prices significantly.

Tennessee car insurance company ratings

Choosing the best company can be rather challenging considering how many different insurance companies sell coverage in Nashville. The company rank data shown next can help you choose which providers to look at when comparing rate quotes. The ratings below are for companies with a national presence, so companies that may only write in Tennessee are not included in the 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

Cost of full coverage in Nashville

Paying less for car insurance should be important to the majority of people, and a great way to buy cheaper insurance for drivers with accidents is to buy only liability coverage. The information below visualizes the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The price estimates are based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

If averaged out across all ages, comprehensive and collision coverage on your policy costs an additional $1,521 per year more than insuring for liability only. Many drivers will wonder when is it a good idea to stop buying full coverage. There is no clear-cut formula for eliminating physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $12,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $11,000 after paying the physical damage deductible. If you are paying more than $1,100 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where removing full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Discount Nashville auto insurance

Discounts on car insurance for drivers with accidentsAuto insurance companies that offer quotes for drivers with accidents may also provide premium discounts that can lower rates by 30% or more if you meet eligibility requirements. A few of the larger companies and their possible discounts are outlined below.

The illustration below illustrates the difference between auto insurance costs with and without discounts applied to the policy premium. Data assumes a female driver, no traffic citations and one accident, Tennessee state minimum liability limits, full coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with marriage, vehicle safety, paid-in-full, paperless filing, homeowner, and multiple policy discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for drivers with accidents is 28% or $591.

Here’s why you should compare rates often

Nashville, TN car insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Simply improving your credit, becoming a homeowner, or getting a couple of tickets can trigger price changes resulting in some companies being much cheaper than others. In addition to those changes, car insurance companies change premium rates every year in order to remain profitable. Higher than normal claim frequency or severity can cause higher rates, while a profitable period may result in cheaper Nashville car insurance rates.

For example, the bar chart below shows which companies have the cheapest car insurance in Nashville, TN for a 35-year-old male driver with no accidents or violations, and good financial standing. Based on his current rating profile, Utica National might offer the best car insurance rates in Nashville at $858 a year. This is $470 less than the average policy premium paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, USAA, and Penn National are also included in the best Nashville, TN auto insurance companies.

Now we will pretend the driver from above a couple of claims, poor credit, and a traffic citation. Since each auto insurance company uses a different method to determine rates, comparing quotes may result in a slightly different list of companies as shown below.

Tennessee Farmers now has the best auto insurance rate in Nashville, TN with Nationwide, Allied, Westfield, and GEICO now rounding out the top five. This illustrates why consumers need to shop around with many companies when trying to get the lowest car insurance rates for drivers with accidents.

Insurance prices are determined by many things and can change substantially, so the lowest-price company six months ago may now be an over-priced policy.