Auto Insurance Quotes for a Honda Insight in Nashville

The easiest way to find low-cost auto insurance rates is to do an annual price comparison from providers who sell auto insurance in Nashville.

• First, gain an understanding of how companies price auto insurance and the factors you can control to prevent high rates. Many risk factors that increase rates such as careless driving and an imperfect credit rating can be amended by making minor changes to your lifestyle. This article provides information to lower rates and earn larger discounts.
• Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like Progressive and State Farm, while independent agencies can provide prices for a wide range of insurance providers. View a list of agents
• Third, compare the new quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
• Fourth, provide written notification to your current company of your intent to cancel your current policy and submit payment along with a signed and completed policy application for the new policy. Be sure to safely store the certificate verifying proof of insurance somewhere easily accessible.

One key aspect when comparing rates is that you’ll want to compare similar coverage information on every quote request and and to compare as many different companies as possible. This provides a fair price comparison and a thorough selection of prices.

Statistics show that the vast majority of drivers kept their policy with the same company for over three years, and just under half have never compared rates from other carriers. Tennessee insurance shoppers can save hundreds of dollars each year by just shopping around, but they just don’t understand how much they could save if they bought a different policy.

How to find affordable Honda Insight insurance in Nashville, Tennessee

To get low cost Nashville auto insurance quotes, there a variety of ways to compare rate quotes from different Nashville insurance companies. The easiest way to find competitive insurance rates is to use the internet to compare rates.

Doing online price quotes comparisons is so easy that it replaces the need to spend time driving to insurance agencies in your area. Comparing online rate quotes has made agencies unnecessary unless you want the advice and guidance of a licensed agent. It is possible to price shop your coverage online and still use a local agent.

It’s important to know that comparing more quotes will improve the odds of getting a lower rate.

The providers in the list below offer price comparisons in Tennessee. If multiple companies are listed, it’s a good idea that you click on several of them to get a more complete price comparison.

Three main reasons to buy insurance

Even though it can be expensive, buying insurance serves a purpose in several ways.

• Most states have minimum mandated liability insurance limits which means you are required to buy a specific minimum amount of liability insurance coverage in order to drive the car. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your Honda has a lienholder, it’s most likely the lender will stipulate that you carry insurance to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Honda at a more expensive rate and require you to reimburse them a much higher amount than you were paying before.
• Insurance protects not only your Honda but also your assets. It also can pay for medical bills incurred in an accident. Liability insurance also covers legal expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of insuring your car definitely exceed the price paid, specifically if you ever have a liability claim. Despite what companies tell you, the average driver is wasting up to $869 every year so it’s very important to do a rate comparison each time the policy renews to be sure current rates are still competitive.

Rates and detailed analysis

The coverage table below highlights different prices for Honda Insight models. Learning more about how policy rates are formulated is important to be able to make decisions when shopping around.

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in your specific Nashville location which can raise or lower coverage prices significantly.

Choosing deductibles

When comparing auto insurance rates, the most common question is how high should your deductibles be. The figures shown below help summarize the cost difference between high and low deductibles. The first set of rates uses a $250 physical damage deductible and the second set of prices uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in vehicle location which can influence premiums noticeably.

Based on the data above, we can derive that using a $250 deductible will cost you roughly $11 more each month or $132 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 23 months between claims, you would probably be better off if you choose the higher deductible.

One important note is that a higher deductible level means you will have to cover more of the damage yourself when you have a claim. You should have a higher level of savings in the event you have to pay more for the deductible.

The example below shows how choosing a deductible and can change Honda Insight annual premium costs for each age group. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Auto insurance rates are higher with tickets and accidents

The diagram below illustrates how violations and fender-benders increase Honda Insight car insurance rates for different age groups. The data is based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

Auto insurance rates by age and gender

The chart below illustrates the comparison of Honda Insight premium costs for male and female drivers. The data assumes a clean driving record, no claims, full physical damage coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Full coverage versus liability-only in Nashville

The information below shows the comparison of Honda Insight auto insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no violations or claims, $100 deductibles, marital status is single, and no discounts are factored in.

When to eliminate full coverage

There isn’t a steadfast formula of when to stop paying for full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s pretend your Honda Insight replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after paying the physical damage deductible. If you are paying more than $200 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some circumstances where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.

These ten discounts can lower your insurance quotes

Buying insurance is not cheap, but there are discounts available that can drop the cost substantially. A few discounts will be applied at the time of quoting, but less common discounts must be specially asked for prior to getting the savings.

• Fewer Miles Equal More Savings – Fewer annual miles on your Honda may allow you to get better rates on cars that stay parked.
• Sign Early and Save – Some larger companies provide a discount for switching to them before your current coverage expires. The savings is around 10%.
• Own a Home – Just owning your own home may earn you a small savings because maintaining a house means you have a higher level of financial diligence.
• Mature Driver Discount – Seniors may qualify for lower premium rates.
• Paperwork-free – Some insurance companies give back up to $50 just for signing your application digitally online.
• Bundled Policy Discount – If you can combine your home and auto policy with one insurance company you will save nearly 15% which can help you find cheaper Insight insurance.
• Use Seat Belts – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks on the medical payments or PIP coverage costs.
• ABS and Traction Control Discounts – Vehicles equipped with ABS or steering control can stop better under adverse conditions and qualify for as much as a 10% discount.
• New Car Discount – Putting insurance on a new Insight can be considerably cheaper since new model year vehicles have better safety ratings.
• Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of 20% or more.

A little disclaimer on discounts, most credits do not apply to your bottom line cost. Most only reduce individual premiums such as comp or med pay. Despite the appearance that it’s possible to get free car insurance, you’re out of luck. Any amount of discount will positively reduce the premium cost.

The information below shows the difference between Honda Insight insurance costs with and without policy discounts. The costs are based on a female driver, no violations or accidents, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, multi-car, safe-driver, and homeowner discounts applied.

Popular insurance companies and a selection of discounts are included below.

• GEICO may offer discounts for emergency military deployment, driver training, multi-vehicle, five-year accident-free, and daytime running lights.
• Mercury Insurance policyholders can earn discounts including anti-theft, annual mileage, professional/association, multi-policy, and good student.
• Farmers Insurance has savings for youthful driver, early shopping, homeowner, switch companies, bundle discounts, alternative fuel, and business and professional.
• Auto-Owners Insurance offers discounts including air bags, multiple vehicles, safe vehicle, anti-theft, and student away at school.
• Liberty Mutual may include discounts for multi-policy, good student, teen driver discount, hybrid vehicle, and new move discount.
• SAFECO includes discounts for bundle discounts, multi-car, teen safe driver, safe driver, and anti-theft.
• Progressive offers premium reductions for multi-vehicle, multi-policy, online quote discount, continuous coverage, online signing, and homeowner.
• USAA offers discounts for defensive driver, vehicle storage, family discount, multi-vehicle, and safe driver.

When quoting, ask every company which discounts you may be entitled to. Discounts may not apply in every state. To locate insurance companies who offer online Honda Insight insurance quotes in Tennessee, click here to view.

Are insurance agencies a thing of the past?

A lot of people still prefer to buy from a local agent and that can be a great decision A good thing about comparing rate quotes online is that drivers can save money and get the lowest rates but still work with a licensed agent. And buying from local agents is still important in Nashville.

After completing this quick form, your information is transmitted to insurance agents in Nashville that can give you free Nashville auto insurance quotes to get your business. You won’t need to leave your computer as quotes are delivered directly to your email. You can find better rates AND a local agent. If you want to compare rates from a specific company, you would need to visit that company’s website and complete a quote there.

Best auto insurance agent in Nashville

If you need to find a good Nashville insurance agent, you must know there are a couple different agency structures and how they function. Nashville agents can be classified as either independent or exclusive depending on the company they work for.

Independent Car Insurance Agencies

Agents that elect to be independent do not have single company limitations so they can quote policies with many different companies enabling the ability to shop coverage around. If they find a cheaper price, they can switch companies in-house and you don’t have to switch agencies. When comparing car insurance rates, it’s recommended you get quotes from at least one independent agent to have the best price comparison.

The following are independent insurance agencies in Nashville that can possibly get you price quote information.

More Nashville agents

Exclusive Car Insurance Agencies

Exclusive insurance agents are contracted to one company and examples are Farmers Insurance and State Farm. Exclusive agencies are unable to provide other company’s prices so always compare other rates. Exclusive insurance agents are well trained on sales techniques which aids in selling service over price.

The following are exclusive agents in Nashville that can give you price quote information.

More Nashville agents

Choosing an auto insurance agent needs to be determined by more than just a low price. Before buying a policy in Nashville, get answers to these questions.

• Do they feel the quoted coverages are adequate?
• Are they actively involved in the community?
• Does the company have a local claim office in Nashville?
• If they are an independent agency in Nashville, which companies do they recommend?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.

Your situation helps dictate your coverage

Always remember that when buying adequate coverage, there really is no “best” method to buy coverage. Every situation is different.

For instance, these questions could help you determine if you might need professional guidance.

• Do I need roadside assistance coverage?
• What is motorclub and do I need it?
• Should I rate my vehicle as business use?
• Is business property covered if stolen from my car?
• What policy terms are available?
• Am I covered if I hit my neighbor’s mailbox?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form.

What is the best auto insurance company in Tennessee?

Choosing the top car insurance provider can be challenging considering how many companies are available to choose from in Tennessee. The ranking data shown below may help you select which coverage providers to look at comparing rates with.

Top 10 Nashville Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Titan Insurance – A+
7. Esurance – A+
8. Progressive – A+
9. Nationwide – A+
10. The Hartford – A+

Educate yourself about auto insurance coverages

Understanding the coverages of auto insurance can help you determine appropriate coverage and the correct deductibles and limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, falling objects and hitting a deer. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like ambulance fees, EMT expenses, chiropractic care, rehabilitation expenses and nursing services. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Honda Insight.

Because many people have only the minimum liability required by law (which is 25/50/15), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like sustaining damage from a pot hole, rolling your car, colliding with another moving vehicle and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible on your Insight to get cheaper collision coverage.

Auto liability

Liability insurance can cover damage or injury you incur to a person or their property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/15 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $15,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims like attorney fees, funeral expenses, loss of income and pain and suffering. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible. Tennessee state law requires minimum liability limits of 25/50/15 but you should consider buying more coverage.

The chart below shows why the minimum limit may not be enough.

Don’t give up on cheap rates

When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.

Consumers switch companies for any number of reasons including not issuing a premium refund, denial of a claim, high prices and even extreme rates for teen drivers. Whatever your reason, finding the right insurance provider can be easy and end up saving you some money.

Lower-priced Honda Insight insurance in Nashville is definitely available online and also from your neighborhood Nashville agents, so get free Nashville auto insurance quotes from both of them to have the best selection. A few companies don’t offer rates over the internet and most of the time these small insurance companies sell through local independent agents.

Additional detailed information can be found in the articles below:

• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Who Has Affordable Car Insurance for a Toyota Corolla in Nashville? (FAQ)
• Who Has Affordable Nashville Auto Insurance for Electric Cars? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Drivers with Accidents in Nashville? (FAQ)
• Who Has Cheap Nashville Auto Insurance for a Dodge Ram? (FAQ)
• Who Has Affordable Auto Insurance Quotes for Homeowners in Nashville? (FAQ)
• What Car Insurance is Cheapest for Government Employees in Nashville? (FAQ)
• Who Has Affordable Nashville Auto Insurance Quotes for a Company Car? (FAQ)
• How Much is Nashville Auto Insurance for 18 Year Olds? (FAQ)
• Coverage Information (Progressive Insurance)
• Understanding your Policy (NAIC.org)
• Neck Injury FAQ (iihs.org)