In Nashville, the average driver pays $ 1,361 per year for full coverage auto insurance and $ 411 for minimum coverage auto insurance. However, some carriers offer lower than average rates for Tennessee auto insurance that you must purchase.
In 2019, there was 32,992 car accidents reported in Davidson County, home to Nashville. Accidents are common in Tennessee, so to protect drivers from legal and financial liability, every Nashville resident with a registered vehicle is required to carry auto insurance. We’ve found the best cheap auto insurance companies in Nashville based on price, discounts, coverage options, and third party reviews.
Best Auto Insurance Companies in Nashville
Nashville drivers have many options when it comes to auto insurance companies. However, not all auto insurance companies are created equal. The table below includes the best cheap car insurance providers in Nashville. We identified these providers by looking at their average annual premiums, discounts, policy options, customer satisfaction ratings, and financial strength scores.
|Insurance company||JD Power Customer Satisfaction Score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Barn Insurance||Unclassified||$ 199||$ 893|
|Geico||857/1000||$ 219||$ 848|
|Travelers||823/1000||$ 383||$ 987|
|Erie||871/1000||$ 412||$ 1,827|
|Progressive||848/1000||$ 469||$ 1,372|
Grange Insurance is a regional provider offering good coverage and low rates. Drivers can customize their policy with add-ons such as glass repair coverage, pet injury coverage, and OEM coverage. There are also generous discounts for paying in full, getting a quote in advance, being a safe driver, being a good student and being a loyal customer. Nashville drivers can also save up to 20% by completing the OnTrack safe driving program.
Learn more: Barn Insurance Review
Geico is one of the top rated insurance companies in Nashville, and it’s also one of the cheapest providers in the area with far below average rates. Geico’s auto insurance coverage is quite limited, but the company offers a wide variety of discounts that can help drivers save even more on their policy.
Learn more: Geico Insurance Review
Car insurance rates for travelers are well below average in Nashville. Travelers has great coverage, such as accident forgiveness, new car replacement coverage, and ridesharing insurance. Plus, Nashville drivers can save money on their insurance policy by signing up for Travelers’ IntelliDrive Safe Driver Discount Program.
Learn more: Traveler Insurance Review
Erie is not a cheap insurance provider looking at average rates, but the company offers a unique number of discounts and savings it can help Nashville drivers get a lower premium. Every Erie insurance policy comes with a rate lockout guarantee, and every driver is eligible for the vanishing deductible program. There are also discounts for drivers under the age of 21, driving a certain number of kilometers each year and having a safe car, among other things.
Learn more: Erie Insurance Review
Progressive insurance is slightly more expensive than the average rate in Nashville. However, drivers have access to a long list of coverages, discounts and useful online tools. Drivers can save an average of $ 145 by completing the Snapshot Safe Driver program and using the Name your price tool to find coverage within their budget. There are also traditional discounts for bundling policies, having ongoing insurance, being a homeowner, and more.
Learn more: Gradual review of insurance
The cheapest auto insurance in Nashville
In Tennessee, the average cost of insurance is $ 1,364 per year for full coverage, while the average cost of minimum coverage insurance is $ 369 per year. Full coverage auto insurance in Nashville is slightly cheaper than the average rate in Tennessee. However, minimum liability insurance in Nashville is more expensive than the statewide average rate.
Each auto insurance company in Nashville charges a different rate for coverage. The table below lists the cheapest auto insurance companies in Nashville, among the most popular carriers in the country by market share:
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||$ 219||$ 848|
|United States||$ 343||$ 1,142|
|State farm||$ 345||$ 1,140|
|Travelers||$ 383||$ 987|
|Allstate||$ 402||$ 1,519|
The cheapest auto insurance companies in Nashville each have their pros and cons. For example, Geico and State Farm are some of the more affordable providers, but they both have limited coverage options. USAA, on the other hand, offers more robust coverage options, but only military and veterans are eligible for coverage.
In terms of JD Power customer satisfaction ratings, these five providers have very different scores. USAA is the highest rated supplier in the Southeast region, and Geico is ranked as the fourth best supplier in the region, which includes Tennessee. The other three companies are rated below average, with Travelers ranking second to last on the list of 17 suppliers.
The five companies on this list all have excellent financial strength, with a minimum rating of A + from AM Best. However, all five companies have higher than average customer complaints, as reported by the National Association of Insurance Commissioners (NAIC) Complaints index.
Insurance Requirements in Nashville
Every driver in Nashville who has a vehicle registered in the state of Tennessee is required to purchase a minimum amount of auto insurance. The minimum coverage required is 25/50/15, which includes the following:
- $ 25,000 in liability insurance for bodily injury per person
- $ 50,000 in accidental bodily injury liability coverage
- $ 15,000 liability coverage for accidental property damage
Nashville drivers who purchase liability-only coverage will pay the lower rate. However, opting for minimum coverage insurance is not a recommended strategy for getting cheap coverage. There is no guarantee that the minimum coverage insurance will cover the full cost of a responsible accident, putting drivers at risk legally and financially.
Additionally, drivers who have a leased or financed car are usually required by their lender to carry full coverage auto insurance until their loan is paid off. Full coverage auto insurance includes collision, full, liability, and medical coverage.
Auto Insurance Discounts in Nashville
Most auto insurance companies offer discounts that can help drivers lower their premiums. Here are some of the best auto insurance discounts in Nashville:
- Defensive driving course: Often, drivers can get a discount on their auto insurance policy by taking an approved defensive driving or driver training course.
- Smart student: Being a smart student who gets good grades or maintains a certain GPA usually qualifies for a discount on his policy.
- Multi-policy: One of the most popular insurance discounts is policy bundling, where drivers can save money by insuring their home and car from the same provider.
- Vehicle safety equipment: Vehicles with safety features, such as anti-lock brakes, airbags or an anti-theft system, usually get an insurance discount.
Frequently Asked Questions
What is the best auto insurance company?
The best auto insurance company varies because it is different for each driver. To be sure you’re receiving the cheapest rates for the best coverage, research and compare auto insurance quotes from several providers in your area.
How much does auto insurance cost in Nashville?
The average driver in Nashville pays $ 1,361 per year for full coverage auto insurance and $ 411 for minimum coverage auto insurance. However, rate factors such as age, credit score, and claim history will affect how much a driver pays.
How Much Car Insurance Do I Need in Nashville?
Drivers in Nashville are required to carry auto liability insurance for at least 25/50/15, but most drivers choose to purchase higher coverage than is required. Full coverage auto insurance is more expensive, but it provides additional protection, including coverage for the vehicle itself.
Bankrate uses Quadrant Information Services to analyze rates for all postal codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, a good credit and the following full coverage limits:
- $ 100,000 in civil liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should be used for comparison purposes only. Your quotes may be different.