Nashville drivers pay an average of $860 per year for auto insurance, lower than the state average. GEICO, the most affordable widely-available insurer, has an average rate of $675. MoneyGeek analyzed insurance rates to find the cheapest by coverage amount and driving history. MoneyGeek also recommended the best companies that balance quality and affordability.
Compare the Cheapest Car Insurance Quotes in Nashville, TN
The Cheapest and Best Car Insurance in Nashville
The Cheapest Car Insurance Companies in Nashville
Based on affordability, the best car insurance companies for full coverage policies in Nashville are:
- USAA: $543 annually (only available to current and former military members)
- GEICO: $675 annually
The cheapest car insurance company in Nashville is USAA, but they serve only military members and their families. The next most affordable car insurance company is GEICO whose coverage is about 47% less costly compared to Tennessee Farmers, which is Nashville’s most expensive auto insurance company.
MoneyGeek’s study used insurance rates for a sample driver profile, a 40-year-old male with a full coverage policy that includes liability insurance as well as comprehensive and collision insurance.
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Average Cost of Car Insurance in Nashville
Let’s look at the average cost of car insurance in Nashville and compare it with the state and national averages. In Nashville, drivers pay an average of $860 annually for auto insurance, which is much lower than both the Tennessee and national averages. In fact, the Nashville rate is about 15.6% lower than the Tennessee average, and about 39.6% less than the national average.
The Best Car Insurance Companies in Nashville
If you’re looking for a balance of affordability and quality service, MoneyGeek recommended the best companies in Nashville. Using a scoring system, MoneyGeek found that the best auto insurers in the city for most drivers are:
- Erie: MoneyGeek score of 93 out of 100
- Auto-Owners Insurance Co: MoneyGeek score of 90 out of 100
USAA received the highest score in Nashville by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To calculate final scores out of 100, MoneyGeek evaluated various factors. These include J.D. Power user satisfaction, affordability and financial stability ratings.
Personalized Quotes to Get You the Cheapest Car Insurance in Nashville
Insurance companies use many factors to calculate car insurance quotes in Nashville and decide the risk linked to a driver. These factors include age, gender, driving history, ZIP code, make and model of the vehicle and more. Consider GEICO in Nashville. Their policy for an 18-year-old driver is nearly three times more expensive than its coverage for a 40-year-old driver. You should aim to get a customized quote regularly to improve your odds of finding affordable coverage.
Shopping around for car insurance in Nashville could save you $185, which is enough to buy:
Cheapest Car Insurance in Nashville by Coverage Amount
The cost of car insurance in Nashville and elsewhere is impacted by the amount of coverage you buy. The average cost of a policy only meeting state minimums is $422. Meanwhile, a full coverage policy with higher liability limits in the city costs $860 on average. That is a difference of $438.
Tennessee Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.
Car insurers create insurance plans with varying limits and costs for each level and type of coverage. GEICO offers both 50/100/50 full-coverage and liability-only plans in Nashville. GEICO’s full-coverage policy costs an average of $256 more than a liability-only policy. However, this option may be a worthwhile extra expenditure because the policy offers more benefits.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Nashville if You Have Driving Violations
Safe drivers enjoy the advantage of paying less for their auto insurance compared to those with a violation on their driving record. In Nashville. State Farm policyholders who have a DUI or speeding tickets on their record pay about $66 more annually than those with a spotless record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
ZIP code also makes a difference when it comes to calculating car insurance premiums. Some areas are riskier as there are more accidents, car thefts and uninsured motorists there. In Nashville, if you live in the 37221 area code, you will pay roughly $31 less in yearly auto insurance costs compared to those living in the 37211 area code.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Nashville
Factors That Impact Insurance Costs in Nashville
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Nashville. How Nashville ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Nashville are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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