Who Has The Cheapest Auto Insurance Quotes in Nashville, TN?
Who Has The Cheapest Auto Insurance Quotes in Nashville, TN?
Compare Car Insurance Rates in Nashville, TN
We reviewed the top insurance companies in Nashville and found that State Farm has the best price for minimum coverage car insurance. Its annual rate of $434 per year was 28% cheaper than the average price citywide.
State Farm also offered the best prices for full coverage insurance in Nashville, with a typical price of just $1,352 per year.
Nashville's cost of car insurance is slightly higher than average in Tennessee, with an overall average cost for full coverage of $1,983. That's about 6% more than the statewide average, though cheaper than Memphis, the most expensive city for car insurance in the state.
The single best way to get affordable car insurance is to compare prices from multiple insurers. Not every driver will find the best rates at the same company.
Cheapest auto insurance in Nashville: State Farm
State Farm, Geico and Erie Insurance are the most affordable car insurance companies in Nashville. Each offered annual prices below $500 per year.
State Farm is our top pick, as its affordable rate of $434 annually is less than half the price of the most expensive insurer, Nationwide.
The average across all insurers is $602 annually.
The single cheapest insurer for minimum coverage in Nashville is USAA, with a price of just $395 per year; however, only people affiliated with the military and their families are eligible to buy insurance from USAA.
Compare Car Insurance Rates in Nashville
Insurer | Annual Cost | |
|---|---|---|
| State Farm | $434 |
| Geico | $483 |
| Erie | $485 |
| Tennessee Farmers Mutual | $606 |
| Progressive | $652 |
*USAA is only available to current and former military members and their families.
Cheapest full coverage car insurance in Nashville: State Farm
State Farm had great rates for full coverage in Nashville, too. The average cost of full-coverage insurance from State Farm si $1,352 per year — that's $152 less expensive than our second-place pick and $631 cheaper than the average in Nashville.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $1,352 |
| 2 | Geico | $1,504 |
| 3 | Tennessee Farmers Mutual | $1,969 |
| 4 | Nationwide | $2,128 |
| 5 | Progressive | $2,320 |
| 6 | Erie Insurance | $2,460 |
| 7 | Allstate | $3,109 |
| N/A* | USAA | $1,023 |
*USAA is only available to current and former military members and their families.
Drivers insured with a full coverage policy include all state-required coverages, like liability for bodily injury and property damage, plus comprehensive and collision coverage, which pay to repair damage to your vehicle.
- Comprehensive coverage pays to repair damage to your car from damage other than a collision, such as hail or vandalism. It also covers theft.
- Collision coverage pays to fix damage to your car as a result of a crash, regardless of whether or not you were at fault.
Full coverage insurance isn't required by law, but it's often a condition of getting a lease or loan, so you may need to get it in order to qualify for financing.
Cheap car insurance for drivers with prior incidents
Drivers with recent accidents, speeding tickets or DUIs often face higher prices for car insurance, as they're deemed more likely to get in a crash in the future. That makes it even more important to shop around for affordable rates.
Cheapest car insurance in Nashville after an accident: State Farm
State Farm has the best prices for car insurance after an at-fault accident, with an average price of $1,615 per year for a 30-year-old driver.
That's an increase of $263 per year for a crash — much less than all the other insurers we looked at.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $1,615 |
| 2 | Tennessee Farmers Mutual | $1,969 |
| 3 | Geico | $2,376 |
| 4 | Nationwide | $3,114 |
| 5 | Erie Insurance | $3,372 |
| 6 | Progressive | $3,579 |
| 7 | Allstate | $4,603 |
| N/A* | USAA | $1,455 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for people with a speeding ticket: State Farm
Drivers who are caught speeding often see higher rates after the ticket appears on their record, as insurers have found evidence that risky driving leads to crashes and claims more often.
State Farm has the best prices for drivers with speeding tickets in Nashville. It only raised rates by about 10%.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $1,483 |
| 2 | Geico | $1,504 |
| 3 | Tennessee Farmers Mutual | $1,969 |
| 4 | Nationwide | $2,626 |
| 5 | Erie Insurance | $2,697 |
| 6 | Progressive | $2,991 |
| 7 | Allstate | $3,526 |
| N/A* | USAA | $1,226 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a DUI: State Farm
Drivers who've been convicted of driving while under the influence often see big spikes in their insurance bills. Rates increase by 61% on average, but some insurers aren't so punitive.
State Farm's prices increased to just $1,483, a modest increase of only $131 per year.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $1,483 |
| 2 | Progressive | $2,539 |
| 3 | Tennessee Farmers Mutual | $3,141 |
| 4 | Nationwide | $3,954 |
| 5 | Erie Insurance | $4,047 |
| 6 | Geico | $4,056 |
| 7 | Allstate | $4,384 |
| N/A* | USAA | $1,979 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for married drivers: State Farm
Insurance companies often provide discounts to married drivers because they tend to take fewer risks on the road.
In Nashville, State Farm had the best rates for our married sample driver. While it didn't offer a discount from its standard price of $1,352 per year, its low base rates kept it in the top spot for affordability.
Note that these rates don't factor in multi-car or multi-driver discounts, which are likely to lower married drivers' rates even further.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $1,352 |
| 2 | GEICO | $1,432 |
| 3 | Progressive | $1,713 |
| 4 | Tennessee Farmers Mutual | $1,759 |
| 5 | Nationwide | $2,046 |
| 6 | Erie Insurance | $2,327 |
| 7 | Allstate | $3,083 |
| N/A* | USAA | $889 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers: Erie Insurance
Younger drivers tend to see some of the highest car insurance rates of anyone on the road, making shopping for the best price even more important.
Erie Insurance offered the best average rate to most drivers, with a typical price of $1,039 per year for minimum coverage. That's 31% cheaper than the second-most affordable option, State Farm.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Erie Insurance | $1,039 |
| 2 | State Farm | $1,492 |
| 3 | Geico | $1,919 |
| 4 | Tennessee Farmers Mutual | $2,038 |
| 5 | Allstate | $2,284 |
| 6 | Progressive | $4,449 |
| 7 | Nationwide | $4,578 |
| N/A* | USAA | $1,168 |
*USAA is only available to current and former military members and their families.
Best auto insurance companies in Nashville, Tennessee
Among national insurers available in Nashville, USAA, Nationwide and State Farm were the ones that had the best reviews among customers in Tennessee.
Average car insurance cost in Nashville, by ZIP code
One factor that impacts how much you'll pay for car insurance is where you live. The neighborhood in Nashville you live in can impact your car insurance rates by about $100 per year for a full coverage policy.
ZIP code | Full coverage | Minimum coverage |
|---|---|---|
| 37027 | $1,935 | $589 |
| 37072 | $1,948 | $589 |
| 37080 | $2,020 | $587 |
| 37201 | $1,985 | $599 |
| 37203 | $1,956 | $594 |
Auto theft statistics in Nashville
An average of 6.2 cars were stolen per 1,000 residents in Nashville in 2019. Though Nashville is the largest city in Tennessee, it has fewer thefts per capita than Chattanooga, Memphis or Knoxville. It's ranked fourth among the five biggest cities in Tennessee.
Rank | City | Population | Motor vehicle theft | Motor vehicle theft per 1,000 residents |
|---|---|---|---|---|
| 1 | Chattanooga | 181,848 | 1,314 | 7.23 |
| 2 | Memphis | 650,410 | 4,046 | 6.22 |
| 3 | Knoxville | 188,666 | 983 | 5.21 |
| 4 | Nashville | 687,361 | 2,748 | 4.00 |
| 5 | Clarksville | 159,996 | 467 | 2.92 |
Motor vehicle theft data was pulled from the FBI 2019 Tennessee Crime Report.
Minimum car insurance requirements in Nashville, Tennessee
To legally drive in Nashville, as in all of Tennessee, you are required to hold the minimum required amount of car insurance. Tennessee's limits are fairly low, only mandating that drivers have the liability portion of a policy.
- $25,000 of bodily injury liability per person
- $50,000 of bodily injury liability per accident
- $15,000 of property damage liability
The minimums in Tennessee are higher than those in a handful of other states, but nonetheless, the limits are too small to adequately cover most drivers. We would recommend most drivers get liability limits that reflect the value of their assets.
Methodology
We collected data from eight of the largest insurers in Tennessee. Our main sample driver was a 30-year-old man who drove a 2015 Honda Civic EX. Unless otherwise stated, the driver had average credit and received rates for a minimum coverage policy.
Coverage type | Tennessee minimum | Study limits |
|---|---|---|
| Bodily Injury liability (BI) | $25,000 per person/ $50,000 per accident | $50,000 per person/ $100,000 per accident |
| Property damage (PD) | $15,000 per accident | $50,000 per accident |
| Uninsured/underinsured motorist BI | None | $50,000 per person/ $100,000 per accident |
| Uninsured/underinsured motorist PD | None | $50,000 per accident |
| Personal injury protection | None | None |
| Comprehensive and collision | None | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only. Your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.