It’s safe to conclude that insurance companies don’t want you to look for a cheaper policy. People who shop around for cheaper rates are very likely to switch companies because they have good chances of finding a policy with better rates. A recent survey found that drivers who compared rates regularly saved as much as $3,450 over four years compared to drivers who never compared prices.
If finding the cheapest rates on car insurance is the reason you’re reading this, then having an understanding of the best way to quote and compare insurance premiums can make it easier to shop your coverage around.
Really, the only way to get the cheapest Lexus GS 200t insurance in Nashville is to compare prices regularly from providers who sell insurance in Tennessee.
Step 1: Learn about how car insurance works and the things you can control to lower rates. Many rating factors that cause high rates such as at-fault accidents, careless driving, and a negative credit score can be controlled by making lifestyle changes or driving safer.
Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and Allstate, while independent agents can quote rates for many different companies.
Step 3: Compare the new quotes to your existing rates to see if you can save by switching companies. If you can save money, make sure there is no coverage gap between policies.
Step 4: Give notification to your current company of your intent to cancel the current policy. Submit the signed application along with the required initial payment to your new carrier. As soon as coverage is bound, keep the new certificate verifying proof of insurance along with the vehicle’s registration papers.
A good tip to remember is to try to compare the same physical damage deductibles and liability limits on every price quote and and to get rate quotes from all possible companies. Doing this ensures a fair rate comparison and the most accurate and complete price analysis.
The companies in the list below are ready to provide price quotes in Tennessee. To locate cheaper car insurance in TN, it’s a good idea that you compare several of them in order to find the cheapest rates.
Do you qualify for discounts?
Some companies don’t necessarily list every discount available in an easy-to-find place, so the list below contains a few of the more common as well as the least known savings tricks you should be using when you buy Nashville car insurance online.
- Passenger Safety Discount – Factory air bags and/or automatic seat belt systems may earn rate discounts of 25 to 30%.
- Driver Training Discounts – Successfully completing a course teaching defensive driver skills can save you 5% or more and make you a better driver.
- Discount for Life Insurance – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
- College Student Discount – Kids who are attending college and don’t have a car could qualify for this discount.
- Discounts for Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.
- Paperless Signup – A few larger online companies may give you up to $50 shop Nashville car insurance digitally online.
- Multi-Vehicle Discounts – Buying insurance for more than one vehicle on one policy qualifies for this discount.
- Save over 55 – Drivers over the age of 55 may receive a slight reduction on a Nashville car insurance quote.
- Smart Student Discounts – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
- Theft Prevention Discount – Vehicles that have factory anti-theft systems are less likely to be stolen and will qualify for a discount on a Nashville car insurance quote.
As is typical with insurance, most discounts do not apply to the whole policy. A few only apply to the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like all those discounts means the company will pay you, you aren’t that lucky.
To find insurers who offer cheap Lexus GS 200t insurance quotes in Nashville in Tennessee, follow this link.
Why you need GS 200t insurance in Tennessee
Despite the high insurance cost for a Lexus GS 200t in Nashville, insuring your vehicle serves a purpose in several ways.
- The majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability protection in order to license the vehicle. 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 you have a lien on your Lexus GS 200t, almost all lenders will require that you have comprehensive coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Lexus at an extremely high rate and force you to reimburse them the higher price.
- Insurance safeguards not only your Lexus but also your assets. It will also cover most medical and hospital costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, your auto insurance policy will pay to repair the damage minus the deductible amount.
The benefits of insuring your GS 200t more than cancel out the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer overpays as much as $810 a year so smart consumers compare quotes every year to be sure current rates are still competitive.
Local Nashville insurance agencies and car insurance
Some consumers still like to sit down with an agent and that is recommended in a lot of cases Professional agents are trained to spot inefficiencies and help submit paperwork. The best thing about comparing rate quotes online is you may find lower rates and still have an agent to talk to.
To make it easy to find an agent, after completing this form (opens in new window), your coverage information is immediately sent to insurance agents in Nashville who want to provide quotes and help you find cheaper coverage. You won’t even need to find an agent due to the fact that quote results will go to the email address you provide. If you have a need to compare prices from a specific insurance company, just visit that company’s website to submit a rate quote request.
Finding the right insurer shouldn’t rely on just the quoted price. These are some valid questions you should ask.
- Is the quote a firm price?
- Do they receive special compensation for putting your coverage with one company over another?
- Where would your vehicle be repaired?
- Can you get a list of referrals?
- Can you choose the body shop in case repairs are needed?
- Do they reduce claim amounts on high mileage vehicles?
- Are they able to influence company decisions when a claim is filed?
- Do the agents have professional certifications like CPCU or CIC?
If you are wanting to find a good insurance agency, it can be helpful to understand the types of insurance agents from which to choose. Car insurance agencies are classified as either exclusive or independent. Both types can sell car insurance policies, but it’s worth learning how they are different since it may influence the kind of agent you use.
Exclusive Insurance Agents
Agents that choose to be exclusive write business for a single company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agencies are well trained on their products and sales techniques and that enables them to sell even at higher rates. Consumers often buy from the same agent for years partially due to the prominent brand name and strong financial ratings.
Listed below is a short list of exclusive insurance agents in Nashville that are able to give rate quotes.
- Adam Darby – State Farm Insurance Agent
7041 Hwy 70 S #101 – Nashville, TN 37221 – (615) 869-7600 – View Map
- Valinda Burks – State Farm Insurance Agent
2012 8th Ave S – Nashville, TN 37204 – (615) 292-8050 – View Map
- Holly Williams – State Farm Insurance Agent
8010 TN-100 – Nashville, TN 37221 – (615) 662-1551 – View Map
Independent Agents (or Brokers)
These agents are not restricted to one company so they can write business amongst many companies and possibly get better coverage at lower prices. If you want to switch companies, they simply move the coverage in-house and you don’t have to do anything.
When comparing rates, you should always compare quotes from multiple independent agents so that you have a good selection of quotes to compare. Most independent agents also contract with smaller mutual companies that may provide cheaper car insurance rates.
Below is a list of independent insurance agents in Nashville that can give you price quote information.
- Prince Insurance Agency, Inc.
1101 Kermit Dr #205 – Nashville, TN 37217 – (615) 823-6987 – View Map
- Affordable Assurance Agency Inc
6202 Charlotte Pike # 1 – Nashville, TN 37209 – (615) 356-6700 – View Map
- Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900 – View Map