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
Your preferences and profile determine your car insurance rates. GEICO is Nashville’s most affordable car insurance provider of full coverage and state minimum policies and for drivers with a speeding ticket. Meanwhile, USAA is the cheapest option for drivers with a military background. Erie is MoneyGeek’s top-rated provider in Nashville, as it balances cost and customer service.
The Cheapest and Best Car Insurance in Nashville
The Cheapest Car Insurance Companies in Nashville
A full coverage car insurance policy offers broad financial protections to a driver in case of an accident as it combines liability, comprehensive and collision coverages.
In Nashville, these providers offer the most affordable full coverage policies for an average driver:
- GEICO: $675 per year
- State Farm: $711 per year
USAA presents a cheaper rate at $543 annually, but it’s only available for current and retired military personnel and their families. Still, MoneyGeek’s research shows that USAA is 83% less expensive than Tennessee Farmers, the city’s most costly insurer.
Cheapest Car Insurance in Nashville
A full coverage car insurance policy offers extensive financial protections for a driver. Aside from the state’s minimum required coverages, it includes comprehensive and collision coverages. Because of its increased protection, it is more expensive than a minimum coverage policy.
- Comprehensive Coverage: Pays for damages not caused by a collision, such as weather-related damages, damage by falling objects, and loss by theft.
- Collision Coverage: Pays for the cost of vehicle repair if you’re in an accident.
A full-coverage insurance policy is sometimes more expensive than a car’s total worth, especially if it’s an older vehicle. If that’s the case for you, buying liability-only or state minimum insurance can get you the cheapest rates possible.
Cheapest Car Insurance in Nashville for Minimum Coverage
State minimum is the cheapest car insurance in Nashville. While these policies are significantly more affordable, they lack comprehensive and collision coverages. That means in case of an accident, you’ll be exposed to greater financial risk.
MoneyGeek’s analysis shows these providers offer the most affordable minimum coverage policies in Nashville:
- GEICO: $330 per year
- State Farm: $337 per year
USAA offers Nashville’s most affordable minimum coverage policies at $290 annually, which is $256 cheaper than the city’s priciest provider, Metlife. However, USAA is only available to active and retired military personnel and their families.
Read through the table below to see how your premium can change depending on the coverage you choose.
Cheapest Minimum Liability Car Insurance in Nashville
- CompanyState Minimumper year
- 4.Tennessee Farmers$375
Tennessee requires its drivers to have a car insurance policy that includes coverages for bodily injury liability, property damage liability, uninsured motorist bodily injury and uninsured motorist property damage.
A state minimum policy is the cheapest car insurance in Nashville. While buying it will help you save on your monthly premiums, you may end up paying more out of pocket in case of an accident.
In Tennessee, liability insurance only covers $25,000 for bodily injuries per person. If you’re at fault in a collision and the injured party’s medical expenses reach $30,000, you’ll have to pay $5,000 by yourself.
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.
Cheapest Car Insurance in Nashville if You Have Driving Violations
Driving violations on your record can cause your insurance premiums to increase, sometimes significantly. If you have a speeding ticket, DUI or an at-fault accident on your driving history, you can seek to improve your record over time and get your rates lowered.
While waiting, your best option is to shop around and compare quotes from various providers. MoneyGeek ranked Nashville’s cheapest car insurance providers for drivers with bad records:
- Cheapest after a ticket: GEICO, $769 per year
- Cheapest after an at-fault accident: State Farm, $843 per year
- Cheapest after a DUI: State Farm, $777 per year
If you or a family member are in the military or have a military background, you may be eligible for insurance through USAA. The insurer offers the most affordable car insurance rates in Nashville for drivers with a speeding ticket or an at-fault accident.
Cheapest Car Insurance in Nashville With a Violation
- CompanySpeeding Ticketper year
- 5.Tennessee Farmers$993
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.
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.
The Best Car Insurance Companies in Nashville
MoneyGeek evaluated the best car insurance providers in Nashville to help you find one that balances affordability and quality service.
Our scoring system reveals that the best car insurance companies in the city overall are:
- Erie: MoneyGeek score of 93 out of 100
- Auto-Owners Insurance Co: MoneyGeek score of 90 out of 100
USAA received the highest scores in Nashville per MoneyGeek’s rating system. However, since it’s only available to military members, veterans and their families, we did not list them as best overall.
MoneyGeek used various factors to calculate the final scores out of 100. These include J.D. Power ratings for customer satisfaction, affordability and financial stability.
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
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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