Cheapest car insurance companies in Nashville
Travelers and Tennessee Farmers offer the cheapest car insurance rates in Nashville for 2023, according to a study by Insurance.com.
In Nashville, Travelers provides the cheapest auto insurance rates to drivers at an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,390 annually.
Car insurance costs may vary in Nashville based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Nashville.
| Companies | Average annual rates |
|---|---|
| USAA | $1,165 |
| Travelers | $1,390 |
| Tennessee Farmers | $1,519 |
| Progressive | $1,573 |
| Nationwide | $1,633 |
| Farmers | $1,666 |
| State Farm | $1,675 |
| Geico | $1,691 |
| Erie Insurance | $1,767 |
| Allstate | $3,000 |
Cheapest car insurance cost in Nashville by Age Group
Erie Insurance stands out as Nashville's cheapest auto insurance company for teen drivers at an average annual of $4,385. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups.
However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible.
Among the carriers analyzed, USAA is the cheapest car insurance option for young drivers in Nashville, at $1,882 a year for a full coverage policy.
An analysis of car insurance rates for Nashville drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,186 per year.
If you are a senior driver in Nashville and looking for a cheap car insurance company, then consider buying insurance from USAA. It is the cheapest auto insurance company for senior drivers, with an average premium of $1,181 per year.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Erie Insurance | $4,385 | $2,900 | $1,791 | $1,812 |
| USAA | $4,474 | $1,882 | $1,186 | $1,181 |
| Travelers | $4,494 | $2,185 | $1,419 | $1,440 |
| Tennessee Farmers | $4,615 | $2,901 | $1,537 | $1,412 |
| State Farm | $5,155 | $2,912 | $1,691 | $1,635 |
| Geico | $5,679 | $2,789 | $1,751 | $1,729 |
| Nationwide | $6,917 | $2,935 | $1,596 | $1,640 |
| Farmers | $7,606 | $2,230 | $1,589 | $1,647 |
| Progressive | $7,640 | $2,668 | $1,602 | $1,740 |
| Allstate | $9,849 | $4,767 | $2,976 | $3,078 |
Cheapest car insurance companies in Nashville by driver profile
Your driving profile plays an important role in determining your car insurance rates in Nashville. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
When it comes to finding the cheapest car insurance rates in Nashville, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
In Nashville, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
The cheapest car insurance company for a driver with poor credit is Nationwide. It offers auto insurance for Nashville drivers at about $1,507 per year.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,507 |
| Geico | $1,584 |
| USAA | $1,699 |
| Farmers | $1,940 |
| Travelers | $2,235 |
| State Farm | $2,669 |
| Allstate | $3,256 |
| Progressive | $3,337 |
Cheapest for drivers with a speeding ticket: USAA
USAA has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Nashville. Its full coverage car insurance policy costs an average of $1,162 per year for drivers aged 30.
Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.
| Company | Average annual premium |
|---|---|
| USAA | $1,162 |
| State Farm | $1,298 |
| Nationwide | $1,544 |
| Farmers | $1,764 |
| Geico | $1,845 |
| Travelers | $1,869 |
| Allstate | $2,204 |
| Progressive | $2,671 |
Cheapest auto insurance after an at-fault accident: State Farm
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Nashville drivers with at-fault accidents. It provides coverage at an average annual cost of $1,407.
| Company | Average annual rates |
|---|---|
| State Farm | $1,407 |
| USAA | $1,629 |
| Nationwide | $1,807 |
| Travelers | $1,910 |
| Farmers | $2,061 |
| Geico | $2,179 |
| Allstate | $2,983 |
| Progressive | $3,615 |
Cheapest auto insurance after a DUI: State Farm
Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Nashville for drivers with a DUI, with an average annual premium of $1,298.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| State Farm | $1,298 |
| USAA | $1,922 |
| Farmers | $2,126 |
| Geico | $2,286 |
| Travelers | $2,314 |
| Nationwide | $2,424 |
| Progressive | $2,994 |
| Allstate | $3,264 |
Average car insurance cost in Nashville
Full coverage car insurance in Nashville for a coverage limit of 100/300/100 is $1,708 per year or $142 per month, while the state minimum coverage costs an average of $502 a year.
While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,708 | $502 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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