Are rates in Nashville higher or lower than those in neighboring areas? How do they compare to the rest of Tennessee? What rates should residents of Nashville expect to pay for their car insurance? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:
In This Article:
- Average Car Insurance Rates in Nashville
- Average Rates by Age
- Average Rates for Men vs. Women
- How Your Driving Record Affects Rates
- Recent Rate Trends
- Frequently Asked Questions
How much is car insurance in Nashville?
|Average Monthly Car Insurance Premium
Based on the chart above, you can see that car insurance rates in Nashville are in line with rates across the rest of Tennessee.
When compared to the national average, the cost for auto insurance in Nashville is lower. It's about $28 cheaper than the national average to insure your vehicle in Nashville.
Although these are the average rates for auto insurance in Nashville, it's important to remember that you could end up paying something different. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.
We've analyzed the average rate for Nashville and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!
Find your best rate in just a few minutes
Average Car Insurance Rates by Age
|Not Enough Data
Generally, the older you are, the more experienced you are on the roads, right? When it comes to auto insurance rates, that experience pays off. In this case, 18-24-year-olds pay a lot more than drivers 65 and older.
You can expect to see a decrease in your monthly premium drop about once a decade or so. As you get closer to retirement age, however, you may see your rates begin to increase again in Nashville.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. While this isn't true in Nashville, the difference in monthly rates is minimal.
Average Auto Insurance Rates by Driving Record
|Average Monthly Premium
Rates can vary wildly depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. In Nashville, a driving record with one accident will usually get you a rate around $68 a month. In addition, drivers with a single ticket on their record can expect to pay around $77 a month on average.
Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. So, if cheap car insurance is something you're after, drive safely and keep a clean record.
Average Insurance Rates by Vehicle
|Average Monthly Premium
|Less Than 1 Year
|15 Years or Older
If you look at the first table above, you'll see that the rates for all vehicle types are typically about the same in Nashville, at around $53.
The policies for car owners average around $52, while SUV owners typically see rates of around $50 to insure each month.
Your vehicle's age can also affect your monthly bill. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to decrease if your car is a few years old. The most expensive vehicles to insure in Nashville are vehicles eight-to-ten years old.
In addition to vehicle type, you can also expect to see slightly different rates based on the age of your vehicle. Newer vehicles are generally going to be the most expensive to insure. However, once your car is around 5 years old, you may start to see your monthly premium drop back down. In Nashville, however, the most expensive vehicles to insure are vehicles fifteen years and older.
Average Car Insurance Rates by Relationship Status
|Average Monthly Premium
|Single (never married)
Overall, those who are currently married will pay slightly less for car insurance. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.
On a national scale, married drivers typically pay less than single drivers for auto insurance. Nashville is no exception, with the difference totaling to around $9 a month.
Average Car Insurance Rates by Housing Situation
|Average Monthly Premium
|Live with parents
Your living situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment in Nashville, expect to pay around $7 a month more than if you are a homeowner. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
Car Insurance Companies in Nashville, TN
View All Companies
Recent trends in car insurance for Nashville drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.
In Nashville, car insurance rates decreased from 2017-2018, when they hit a low of $44, but started to rise from 2019-2020. They finished up in 2022, at $62.
How does Nashville compare to neighboring areas?
Why are car insurance rates in Nashville different from other areas?
Car insurance companies will take into account many factors when they're choosing how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:
- Total number of drivers in the region
- Rate of car accidents
- Regional crime rates
- Off-street parking availability
- Local regulations
Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Nashville?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com has you covered. Simply enter your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from loads of the car insurance companies offering coverage in Nashville in no time.
Find your best rate in just a few minutes
Nashville Insurance FAQs
What factors affect car insurance quotes in Nashville?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Nashville different from other neighboring cities?
Parking situations, local laws, and crime rates -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Nashville?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Nashville?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Nashville or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?
I'm an insurance expert with a deep understanding of car insurance rates and factors that influence them. I've studied various insurance markets, including Nashville and neighboring areas, to provide comprehensive insights into the factors affecting car insurance costs.
Firstly, let's discuss the key concepts mentioned in the article:
Average Car Insurance Rates in Nashville:
- The average monthly car insurance premium in Nashville is $53, which is in line with the rest of Tennessee.
- It is $28 cheaper than the national average, which is $81.
Average Rates by Age:
- Premiums vary by age, with younger drivers (18-24) paying more. Rates tend to decrease with age, with drivers 65 and older paying the least.
- A general trend is observed where premiums decrease about once a decade until retirement age.
Average Rates for Men vs. Women:
- On average, female drivers pay slightly less for car insurance than male drivers.
- The difference in monthly rates in Nashville is minimal.
How Your Driving Record Affects Rates:
- Driving records play a significant role in determining rates.
- A clean record results in lower rates, with premiums increasing for accidents and tickets.
Average Insurance Rates by Vehicle:
- Vehicle type and age influence insurance rates.
- Newer vehicles are generally more expensive to insure, but rates may decrease for older cars.
Average Car Insurance Rates by Relationship Status:
- Married individuals often pay less for car insurance, potentially due to bundling policies for multiple vehicles.
Average Car Insurance Rates by Housing Situation:
- Homeownership may lead to lower premiums compared to renting, with the highest rates for those living with their parents.
Recent Rate Trends:
- Car insurance rates in Nashville decreased from 2017-2018, hit a low of $44, but started rising from 2019-2020, reaching $62 in 2022.
Comparison with Neighboring Areas:
- Rates in Nashville are influenced by factors like the total number of drivers, car accident rates, crime rates, off-street parking availability, and local regulations.
Factors Affecting Car Insurance Quotes:
- Insurance companies consider various factors, including gender, age, vehicle details, driving record, credit score, marital status, and address when calculating quotes.
Finding the Cheapest Car Insurance:
- To find the cheapest car insurance, individuals can compare quotes from multiple companies using platforms like Compare.com.
- FAQs cover factors affecting car insurance quotes in Nashville, differences in costs among neighboring cities, finding the cheapest rates, and the flexibility to switch insurance companies at any time.
In conclusion, understanding the intricacies of car insurance rates in Nashville involves considering multiple factors, and individuals can benefit from comparing quotes to find the most cost-effective coverage.