Cheapest Car Insurance Companies in Nashville, TN (2023 Rates)

Your driving profile affects which insurer is the cheapest. In Nashville, Auto-Owners offers the lowest rate for minimum coverage or with a sports car. State Farm is the cheapest for full coverage, young adults or seniors or with a violation. USAA is ideal for military-affiliated drivers. Teens and drivers with poor credit get the best value from Nationwide.

MoneyGeek also ranked the best car insurance providers in Nashville that balance affordability and quality service.

The average cheapest car insurance companies for a minimum coverage policy in Nashville are:

• Auto-Owners: $244 per year
• State Farm: $269 per year

Progressive is the least affordable provider in Nashville for minimum coverage of the companies MoneyGeek collected quotes for, charging roughly $555 per year.

Tennessee Farm Bureau is the cheapest auto insurance company in Tennessee, with an average statewide premium of $276 a year for minimum coverage. Its cost in Nashville, though, averages $375 a year. That shows how location can affect which company offers the cheapest car insurance.

In Tennessee, minimum liability coverage has bodily injury and property damage at these limits:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Your liability coverage is how much your insurer will pay for any third-party injured driver and passengers if you’re at fault for an accident. You’ll have to pay out of pocket for any expenses that exceed the policy’s liability limits.

For example, if you carry a policy with bodily injury liability limits of $25,000 per person and $50,000 per accident, your insurer will pay up to those amounts in an at-fault accident. So, if two people are injured, and both have medical bills totaling $30,000, your insurer only pays $25,000 per person, so you are responsible for $10,000.

The average cheapest car insurance companies for a full coverage policy in Nashville are:

• State Farm: $629 per year
• Auto-Owners: $631 per year

Progressive is the most expensive insurer for full coverage in Nashville at around $1,351 per year.

Erie offers the cheapest full coverage car insurance in Tennessee, averaging $768 per year. That’s much more than the cost in Nashville for full coverage through Auto-Owners, displaying the effect location has on auto insurance.

Full coverage insurance increases your financial protection by adding comprehensive and collision coverage to your policy.

• Collision insurance: Covers the costs to repair or replace your vehicle if it sustains damage in an at-fault accident, such as a collision with another vehicle or an object, such as a fence, light pole or tree.
• Comprehensive insurance: Covers expenses related to the repair or replacement of your vehicle if it sustains damage in a non-collision incident like theft, fire, animal damage or a weather-related event.

Paying hundreds of dollars more a year for full coverage might not be a sensible decision if you have an older car that’s lost much of its value. But we advise drivers of newer and more expensive cars to purchase full coverage.

The average cheapest car insurance companies for a full coverage policy after a driving violation in Nashville are:

• Speeding ticket: State Farm ($691 per year)
• At-fault accident: State Farm ($753 per year)
• DUI: State Farm ($691 per year)

Progressive is the most expensive provider in Nashville for drivers with a speeding ticket or an at-fault accident, with a full coverage policy averaging $1,785 and $2,445 per year, respectively. Chubb is the least affordable option for drivers with a DUI at around $4,306 per year.

Drivers with a moving violation tend to pay a higher rate than those with a clean record. We found that even the cheapest insurers could charge more for the same policy.

You might notice a spike in your car insurance premium after a traffic violation, and the more severe it is, the higher the rate bump. For example, the average cost of a full coverage policy in Nashville increases by around $206 a year after getting a speeding ticket and roughly $810 annually after a DUI.

We’ve listed several ways to get cheap auto insurance with a bad driving record.

The average cheapest car insurance companies for teens on a full coverage family policy in Nashville are:

• Nationwide: $1,389 per year for female teens; $1,589 per year for male teens
• State Farm: $1,640 per year for female teens
• Allstate: $1,755 per year for male teens

Progressive is the least affordable insurer for teen drivers on a family policy in Nashville, with full coverage costing around $3,134 per year for females and $3,387 per year for males.

Male teens typically face a higher insurance rate because they are considered more prone to reckless driving. With the cheapest provider, Nationwide, the premium difference between female and male teens amounts to roughly $203 per year. In early adulthood, the difference in cost diminishes.

Auto insurance can be very expensive for teens. The most affordable option is joining a family policy, and teens under 18 cannot legally get auto insurance themselves without a parent or guardian to co-sign.

With a 16-year-old male in Nashville on a family policy, the cost is around $2,273 per year for full coverage, compared to roughly $5,163 per year if he purchases a separate policy. That’s equivalent to an annual savings of around $2,890 just by making simple, smart choices to purchase the cheapest auto insurance for teens.

The average cheapest car insurance companies for active-duty military members and veterans in Nashville are:

• USAA: $553 per year
• State Farm: $629 per year

These rates are for full coverage. For minimum coverage, the cheapest options are USAA and Auto-Owners, at around $221 and $244 per year, respectively.

The best way to find the most affordable car insurance is by comparing rates, but getting personalized quotes online in Nashville could take more than 15 minutes per company. Plus, you’ll need to provide a lot of personal information.

MoneyGeek’s car insurance calculator gives you a quick ballpark figure of your premium from multiple companies. You just need to provide your age, vehicle type, preferred coverage level and driving record to get reliable estimates.

The average cheapest auto insurance companies for young adults with a full coverage policy in Nashville are:

• State Farm: $808 per year
• Auto-Owners: $911 per year

Progressive is the most expensive company in Nashville for young adults, at roughly $1,747 a year for full coverage.

Young adults pay less than teens but more than older drivers. We found that 25-year-old Nashville drivers pay around $251 more for full coverage car insurance than 40-year-old drivers.

The following companies have the average cheapest car insurance for seniors in Nashville with full coverage:

• State Farm: $577 per year
• Auto-Owners: $601 per year

Progressive is the most expensive for seniors in Nashville, with a full coverage policy costing roughly $1,232 per year.

MoneyGeek found that car insurance rates for older drivers in Nashville are slightly cheaper than for middle-aged drivers, which is not always the case nationwide. On average, 65-year-olds pay $869 per year, while 40-year-old drivers spend $913 for full coverage.

Drivers with a poor credit history will find the average cheapest full coverage car insurance in Nashville from the following companies:

• Nationwide: $1,039 per year
• Grange: $1,125 per year

Progressive has the most expensive annual rate for full coverage at $2,220 for poor credit Nashville drivers.

Nashville drivers with bad credit pay around $630 more per year for full coverage auto insurance than those with good credit. That is nearly a 69% increase in the annual premium.

If you’re concerned about your credit score driving up your auto insurance rate, know that there are ways to get cheap auto insurance with bad credit.