Best Insurance for a Honda Fit in Nashville

It’s well known that auto insurance companies don’t want you quoting rates from other companies. Consumers who shop around for cheaper rates are inclined to buy a new policy because of the high probability of finding a lower-cost company. Remarkably, a study showed that drivers who compared prices once a year saved as much as $850 each year compared to drivers who don’t make a habit of comparing rates.

If finding low prices for auto insurance in Nashville is your ultimate target, then understanding how to get free comparison quotes and analyze coverages can help make the process easier and more efficient.

Discount Honda Fit insuranceTo save the most money, the best way to get cheaper Honda Fit insurance is to start comparing prices yearly from companies in Nashville. Prices can be compared by completing these steps.

  1. Spend some time learning about how car insurance works and the steps you can take to prevent expensive coverage. Many factors that drive up the price like traffic violations, accidents, and poor credit history can be controlled by making lifestyle changes or driving safer.
  2. Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while independent agents can quote prices for a wide range of insurance providers.
  3. Compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you can save some money, make sure coverage does not lapse between policies.

A crucial key to this process is that you use the same coverage limits and deductibles on each quote and and to get rates from as many different insurance providers as possible. Doing this ensures the most accurate price comparison and a complete price analysis.

Our goal in writing this article let you in on the most effective ways to compare rates and some money-saving tips. If you have coverage now, you will most likely be able to get lower rates using the following tips. But Tennessee car owners must comprehend the way insurance companies calculate your insurance rates.

The quickest way to compare rates for Honda Fit insurance in Nashville is to understand most of the larger companies allow for online access to quote your coverage. The one thing you need to do is provide the companies a bit of rating information including coverage limits, your occupation, marital status, and how much education you have. That rating information is instantly submitted to multiple top-rated companies and they return cost estimate very quickly.

To compare affordable Honda Fit insurance rates now, click here and enter your zip code.

The companies in the list below have been selected to offer comparison quotes in Nashville, TN. If multiple companies are listed, we suggest you visit two to three different companies to get the best price comparison.

Honda Fit insurance rate analysis

The information shown below showcases estimates of insurance premium costs for Honda Fit models. Learning how insurance rates are figured is important for drivers to make decisions when shopping your coverage around.

Honda Fit Insurance Rates in Nashville, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $168 $388 $216 $12 $64 $848 $71
Fit Sport $192 $388 $216 $12 $64 $872 $73
Fit Sport VSA $192 $456 $216 $12 $64 $940 $78
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium amounts do not factor in your specific Nashville location which can increase or decrease coverage rates significantly.

Physical damage deductibles

One common question asked by Nashville drivers is what deductibles to buy. The rates shown below highlight the differences in premium rates when you select higher and lower insurance deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $500 deductible.

Honda Fit insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $216 $448 $190 $12 $58 $949 $79
Fit Sport $248 $448 $190 $12 $58 $981 $82
Fit Sport VSA $248 $528 $190 $12 $58 $1,061 $88
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Honda Fit insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $158 $304 $190 $12 $58 $722 $60
Fit Sport $182 $304 $190 $12 $58 $746 $62
Fit Sport VSA $182 $358 $190 $12 $58 $800 $67
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in zip code location which can alter premium rates noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $20 more each month or $240 for a full year than requesting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 20 months between claims, you would most likely save money by going with a higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $83
Average monthly premium for $500 deductibles (subtract): – $63
Monthly savings from raising deductible: $20
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

Accidents and violations increase rates

The diagram below highlights how speeding tickets and fender-benders can affect Honda Fit insurance prices for different categories of driver ages. The price estimates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.

Does it make sense to buy full coverage?

The information below visualizes the comparison of Honda Fit insurance prices with liability coverage only compared to full coverage. The premiums assume a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.

When to drop comprehensive and collision

There isn’t a steadfast formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Honda Fit claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after the deductible is paid. If you are paying over $200 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some scenarios where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Choosing the best vehicle insurance in Tennessee is an important decision

Despite the high cost, auto insurance is a good idea for several reasons.

The benefits of having insurance definitely exceed the cost, particularly when you have a large claim. On average, a vehicle owner in Nashville is wasting up to $855 a year so smart consumers compare quotes every year to be sure current rates are still competitive.

How Car Insurance Companies Determine Honda Fit Insurance Costs

An important part of buying insurance is that you know some of the factors that help calculate your premiums. If you know what controls the rates you pay, this enables you to make decisions that will entitle you to much lower annual insurance costs. Many different elements are part of the equation when you get a price on insurance. Some of the criteria are obvious like an MVR report, but other criteria are not quite as obvious like where you live or your commute time.

Affordable rates on Honda Fit insurance in Nashville with these discounts

Auto insurance is expensive, but you might already qualify for some discounts that may help make it more affordable. Some discounts will apply at the time of quoting, but a few need to be specifically requested before you will receive the discount.Save money with discounts

Just know that some of the credits will not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, it doesn’t quite work that way.

The diagram below illustrates the comparison of Honda Fit yearly insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims, a clean driving record, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, marriage, and homeowner discounts applied.

If you would like to see a list of providers that have a full spectrum of discounts in Tennessee, click this link.

Are auto insurance agents obsolete?

Certain consumers just prefer to buy from a licensed agent and that is OK! An additional benefit of comparing rate quotes online is you may find the best rates and still have a local agent. And supporting local insurance agents is still important in Nashville.

Once you complete this form (opens in new window), your coverage information is sent to insurance agents in Nashville that can provide free Nashville car insurance quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact an agency as quotes are delivered immediately to you. Get lower rates without requiring a lot of work. If you need to quote rates from a specific company, you just need to navigate to their website and submit a quote form there.

If you would like to find a good insurance agency, there are a couple of types of insurance agents and how they work. Agents can be categorized as either independent (non-exclusive) or exclusive.

Independent Car Insurance Agents

These agents do not work for one specific company so they have the ability to put coverage through lots of different companies and find the cheapest rate. To transfer your coverage to a different company, the agent simply finds a different carrier which requires no work on your part. When searching for an agent, you will want to include price quotes from at a minimum one independent agency to ensure the widest selection of prices. Many can place coverage with additional companies that you may not be familiar with that may have much lower rates than larger companies.

Featured below is a short list of independent agents in Nashville that can possibly get you competitive price quotes.

More insurance agents

Exclusive Agents

Agents that elect to be exclusive can usually just insure with one company such as Farmers Insurance or State Farm. They usually cannot provide other company’s prices so you might not find the best rates. Exclusive agents receive a lot of sales training on the products they sell which aids in selling service over price. Some consumers prefer to buy insurance from these agents primarily because of the prominent brand name and the convenience of having a single billing for all their coverages.

Shown below is a short list of exclusive agents in Nashville that are able to give rate quotes.

More insurance agents

Finding the right insurance agent requires more thought than just a cheap price quote. Get answers to these questions too.

If you get good responses as well as offering an affordable quote, chances are good that you have found a car insurance agent that can be trusted to properly insure your vehicles.

Tennessee car insurance company ratings

Buying coverage from the best company can be difficult considering how many companies sell insurance in Nashville. The ranking information in the lists below may help you select which companies to look at when comparing rate quotes.

Best Car Insurance Companies in Tennessee
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
Mercury Insurance 97 96 88 89% A+ 93.4
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
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Final considerations

Consumers change insurance companies for a variety of reasons including high prices, delays in paying claims, poor customer service or even extreme rates for teen drivers. Whatever your reason, finding the right car insurance provider is not as hard as you think.

We just showed you many ideas to compare Honda Fit insurance premium rates in Nashville. It’s most important to understand that the more providers you compare, the better your comparison will be. You may even find the best price on car insurance is with some of the lesser-known companies.

Cheaper Honda Fit insurance in Nashville is attainable from both online companies in addition to many Nashville insurance agents, and you need to comparison shop both to get a complete price analysis. Some car insurance companies may not offer the ability to get quotes online and many times these small, regional companies work with local independent agencies.

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