Toyota Venza Insurance Quotes in Nashville

The preferred way to find discount Toyota Venza insurance in Nashville is to annually compare prices from companies who sell auto insurance in Tennessee.

A valuable tip to remember is to use the same liability limits and deductibles on each quote request and and to compare as many car insurance companies as possible. This provides a fair rate comparison and a thorough selection of prices.

Insurance for Toyota VenzaIt’s safe to assume that auto insurance companies don’t want their customers to go rate shopping. Consumers who compare price quotes are likely to buy a new policy because they stand a good chance of finding a more affordable policy premium. A study discovered that drivers who did price comparisons regularly saved about $850 each year compared to other drivers who don’t regularly compare prices.

If finding the cheapest price for Toyota Venza insurance in Nashville is your objective, then having some insight into how to get rate quotes and compare cheaper coverage can help you be more efficient.

When comparison shopping, more quotes provides better odds of finding more affordable rates. Not every company does Nashville Venza insurance quotes online, so you should also compare price estimates on coverage from those companies, too.

The companies shown below have been selected to offer price comparisons in Tennessee. To get cheap car insurance in Nashville, we recommend you get rates from several of them in order to find the cheapest rates.

Save a ton with discounts

Some providers don’t always advertise every discount in an easy-to-find place, so we took the time to find some of the best known and also the more inconspicuous discounts that you can inquire about if you buy Nashville auto insurance online.Save money with discounts

Keep in mind that most discount credits are not given to all coverage premiums. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The illustration below illustrates the comparison of Toyota Venza premium costs with and without discounts applied. The prices are based on a female driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, homeowner, multi-policy, and safe-driver discounts applied.

A few of the larger companies and a selection of discounts can be found below.

Check with every prospective company which discounts you qualify for. A few discounts might not be offered on policies in your state. To choose companies that provide some of the discounts listed above in Nashville, click here.

Detailed insurance information

The coverage table displayed below outlines detailed analysis of prices for Toyota Venza models. Having a good understanding how policy rates are established can help you make smart choices when comparing insurance quotes.

Toyota Venza Insurance Rates in Nashville, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $312 $650 $390 $24 $116 $1,492 $124
Venza AWD 4-Dr $312 $650 $390 $24 $116 $1,492 $124
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in your specific Nashville location which can decrease or increase coverage rates significantly.

Raise deductibles and save

A question often asked by Nashville drivers is which comprehensive and collision deductibles to buy. The data tables below may help to illustrate the differences in price of buying low and high comp and collision deductibles. The first rate table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Toyota Venza insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $280 $528 $288 $18 $86 $1,225 $102
Venza AWD 4-Dr $280 $528 $288 $18 $86 $1,225 $102
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Toyota Venza insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $156 $278 $288 $18 $86 $826 $69
Venza AWD 4-Dr $156 $278 $288 $18 $86 $826 $69
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Estimates do not factor in garaging location in Nashville which can lower or raise premiums greatly.

Based on the data above, we can derive that using a $100 deductible costs an average of $33 more each month or $396 annually across all Toyota Venza models than requesting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 27 months between claim filings, you would most likely save money if you decide on a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $102
Average monthly premium for $1,000 deductibles (subtract): – $69
Monthly savings from raising deductible: $33
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $33
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

One important note is that higher deductibles means you will have to pay more out-of-pocket when you file a claim. That will require a higher level of savings in the event you need to pay the higher deductible.

The chart below highlights how deductible choice and can increase or decrease Toyota Venza insurance costs for different categories of driver ages. The data assumes a married female driver, full coverage, and no discounts are applied to the premium.

Cost comparison with and without full coverage

The diagram below visualizes the comparison of Toyota Venza yearly insurance costs with full coverage and liability only. The premiums assume no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied.

When to switch to liability coverage only

There is no definitive guideline of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Toyota Venza replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after the policy deductible has been paid. If premiums are more than $800 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

What Affects Toyota Venza Insurance Costs?

Part of the car insurance buying process is learning some of the factors that help calculate the price you pay for car insurance. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that will entitle you to much lower annual insurance costs.

The itemized list below are a few of the “ingredients” used by your company to calculate your rates.