Car Insurance Rate Quotes for a Jeep Compass in Nashville

Insurance quote for Jeep Compass in NashvilleThe recommended way to find the cheapest price for auto insurance rates in Nashville is to compare prices at least once a year from providers who can sell car insurance in Tennessee. Drivers can shop around by completing these steps.

An important part of this process is to compare the same liability limits and deductibles on every quote request and and to compare every company you can. Doing this provides a fair rate comparison and a better comparison of the market.

It’s an obvious statement that insurance companies don’t want you to look at other companies. People who shop around for cheaper prices are inclined to switch to a new company because the odds are good of finding a cheaper policy. A study discovered that people who routinely shopped around saved $70 a month compared to other drivers who don’t regularly compare prices.

If finding low prices for car insurance is your goal, then having some knowledge of how to shop and compare coverage rates can help simplify the task of finding more affordable coverage.

Best Jeep Compass insurance rates in Tennessee

The companies shown below are ready to provide price comparisons in Tennessee. If you want the best car insurance in Tennessee, we recommend you get rates from several of them to get a more complete price comparison.

Insurance statistics and figures

The information below covers estimates of policy rates for Jeep Compass models. Being aware of how insurance policy rates are determined helps drivers make smart choices when comparing insurance quotes.

Jeep Compass Insurance Rates in Nashville, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $94 $166 $278 $16 $82 $636 $53
Compass Sport 4WD $108 $202 $278 $16 $82 $686 $57
Compass Limited 2WD $108 $202 $278 $16 $82 $686 $57
Compass Limited 4WD $108 $202 $278 $16 $82 $686 $57
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in zip code location which can alter prices significantly.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is how low should you set your deductibles. The following insurance rates help summarize how much more you’ll pay between high and low coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Jeep Compass insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $194 $310 $288 $18 $86 $921 $77
Compass Sport 4WD $224 $376 $288 $18 $86 $1,017 $85
Compass Limited 2WD $224 $376 $288 $18 $86 $1,017 $85
Compass Limited 4WD $224 $376 $288 $18 $86 $1,017 $85
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Jeep Compass insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $120 $194 $288 $18 $86 $706 $59
Compass Sport 4WD $138 $236 $288 $18 $86 $766 $64
Compass Limited 2WD $138 $236 $288 $18 $86 $766 $64
Compass Limited 4WD $138 $236 $288 $18 $86 $766 $64
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in zip code location which can influence coverage prices significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $20 more each month or $240 annually than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 38 months between claims, you would most likely save money if you choose a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $83
Average monthly premium for $1,000 deductibles (subtract): – $63
Monthly savings from raising deductible: $20
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

One thing to note is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a physical damage claim. You need to make sure you have enough disposable income in the event you have to pay more for the deductible.

The illustration below demonstrates how deductibles and can affect Jeep Compass insurance rates for different age categories. The rate quotes are based on a single male driver, full coverage, and no discounts are applied.

How violations and accidents impact rates

The illustration below illustrates how violations and at-fault fender-benders can affect Jeep Compass insurance rates for different categories of driver ages. The premiums assume a married male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

Men versus women drivers and insurance cost

The example below illustrates the difference between Jeep Compass insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no policy discounts are applied.

You Can Change Your Insurance Premiums

Smart consumers have a good feel for some of the factors that go into determining the rates you pay for insurance. When consumers understand what determines base rates, this helps enable you to make changes that may reward you with much lower annual insurance costs.

The factors shown below are some of the items used by your company to calculate your rates.

Never allow your insurance policy to lapse – Going without insurance will be a quick way to drive up your policy premiums. In addition to paying higher rates, getting caught without coverage might get you fines or a revoked license.

Save money with good credit – Having a bad credit score is a large factor in determining what you pay for insurance. People that have high credit scores tend to be better risks to insure than drivers with lower ratings. Therefore, if your credit rating leaves room for improvement, you could be paying less to insure your Jeep Compass by improving your rating.

Experienced drivers pay less – Beginning drivers in Tennessee tend to be inattentive and easily distracted when driving with friends and because of this, their insurance rates are much higher. If you’ve ever had to add a inexperienced driver to your policy can cause a big jump in price. Older drivers are shown to be more cautious, cost insurance companies less in claims, and are generally more financially stable.

The chart below is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

City traffic equals higher costs – Having an address in a small town is a positive aspect when it comes to insurance. Residents of big cities have more aggressive driving styles and more time behind the wheel. Fewer drivers and short commutes means less chance of accidents.

Jeep Compass statistical loss data – Car insurance companies analyze historical claim data to calculate a price that will offset losses. Vehicles that are shown to have higher loss trends will cost more for coverage. The table below illustrates the insurance loss data for Jeep Compass vehicles.

For each policy coverage, the loss probability for all vehicles compiled together is represented as 100. Values under 100 indicate better than average losses, while values that are above 100 point to more claims or a tendency for claims to be larger.

Insurance Loss Ratings for Jeep Compass Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Compass 4dr 2WD 87 135 58 128 124 142
Jeep Compass 4dr 4WD 76 114 63 99 107 106

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Determine discounts on Nashville insurance

Companies offering auto insurance do not list all possible discounts in an easy-to-find place, so the below list has both the well known in addition to some of the lesser obvious discounts you could be receiving when you buy Nashville auto insurance online. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.Cheaper insurance with discounts

Please keep in mind that some credits don’t apply to the whole policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.

The chart below compares Jeep Compass car insurance rates with and without discounts being applied to the rates. The premiums assume a female driver, no claims, a clean driving record, Tennessee state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, safe-driver, claim-free, multi-car, and marriage discounts applied.

Some of the larger companies that possibly offer most of the discounts above include:

Before buying, ask every company to give you their best rates. All car insurance discounts might not apply in Nashville.

Local neighborhood agents and auto insurance

A lot of people just prefer to buy from a local agent and that is just fine! Insurance agents are highly skilled in risk management and give you someone to call. One of the best bonuses of getting free rate quotes online is the fact that drivers can get lower rates and also buy local. Buying from local insurance agents is important particularly in Nashville.

Insurance agency in NashvilleUpon completion of this quick form, your information is submitted to agents in your area that provide free Nashville auto insurance quotes to get your business. You won’t even need to even leave your home since price quotes are sent directly to you. If you wish to quote rates from a specific insurance company, just search and find their rate quote page to submit a rate quote request.

Two types of car insurance agents

If you are wanting to find a reputable insurance agent or broker, it can be helpful to understand the different types of agents from which to choose. Auto insurance policy providers may be either exclusive or independent (non-exclusive). Both can sell affordable auto insurance policies, but it’s worth learning the differences since it could factor into the type of agent you choose.

Independent Auto Insurance Agents (or Brokers)

Agents of this type are not required to write business for one company and that is an advantage because they can write policies through many different auto insurance companies enabling the ability to shop coverage around. If your agent finds better pricing, your policy is moved internally and the insured can keep the same agent. If you need lower rates, it’s recommended you get rate quotes from a few independent agents in order to compare the most rates. Most also write with companies you’ve never heard of which may have better rates.

Below is a partial list of independent agents in Nashville that can possibly get you comparison quotes.

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Exclusive Auto Insurance Agencies

Agents that elect to be exclusive can usually just insure with one company and some examples include Allstate, Farmers Insurance or State Farm. Exclusive agents cannot provide other company’s prices so they have no alternatives for high prices. Exclusive agents are well schooled on sales techniques which helps them sell on service rather than price. Many people purchase coverage from exclusives partially due to loyalty to the company and strong financial ratings.

Listed below are Nashville exclusive agents who can help you get price quotes.

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Finding the right insurance agency should include more criteria than just the premium amount. Ask your prospective agent these questions:

Do I need special coverages?

When quoting and choosing adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is unique.Safe vehicles cost less to insure

For instance, these questions could help you determine if you would benefit from an agent’s advice.

If you don’t know the answers to these questions, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Cheap car insurance premiums are out there

When shopping online for car insurance, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where an insured cut comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. The proper strategy is to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

You just read many ways to reduce Jeep Compass insurance prices online in Nashville. It’s most important to understand that the more times you quote, the better chance you’ll have of finding affordable Nashville auto insurance quotes. You may even be surprised to find that the lowest prices come from some of the lesser-known companies.

Consumers leave their current company for a number of reasons such as high prices, policy non-renewal, delays in paying claims or delays in responding to claim requests. It doesn’t matter what your reason, finding a great new company is not as hard as you think.

Much more information about car insurance in Tennessee can be read on the following sites: