Nashville Car Insurance

Your Complete Guide to Nashville, TN Car Insurance

Find the right car insurance policy for you.

Nashville, Tennessee is a bustling and growing city located at the crossroads of three major Interstates. The city is also served by several busy surface roads that originate from the city center. And with 78% of the city’s workers commuting each day,  Nashville roads can become busy and dangerous at any time. If you live and work in Nashville, a reliable car insurance policy can help you find peace of mind—and a means of protecting your finances if you get into an accident. Car insurance also protects you if your car is damaged by a falling object, or is stolen or vandalized. Car insurance can sometimes be confusing, but a local independent insurance agent can help you find the best policy for your needs and budget. 

Tennessee Car Insurance Requirements

All Tennessee drivers must purchase a minimum amount of auto insurance in order to comply with state law. 

  • Bodily injury liability: Required
  • Property damage liability: Required
  • Personal injury protection (PIP): Not required
  • Uninsured motorist coverage: Not required
  • Minimum liability limits: 25/50/15; coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 for one individual; and $15,000 coverage for property damage

While you might be tempted to purchase only the minimum coverage required by law, these coverage limits might leave you seriously underinsured. Remember that if you cause a crash, you are responsible for paying for vehicle damage and injuries to other parties (as well as your own vehicle damage and injuries). If your insurance policy doesn’t have high enough limits to cover all of it, you will have to pay out-of-pocket for all of the expenses that exceed your coverage limits. An injured party might even sue you for additional damages. You’ll then have to pay for attorney fees, court costs, and any settlements or judgments levied against you. You need sufficient car insurance liability limits to protect you if you are sued. 

How Much Does Auto Insurance Cost in Nashville, TN?

Tennessee is the 24th most expensive state for car insurance in the US. Rates in Nashville tend to be a little higher than the state average. 

  • National average annual car insurance cost: $1,311
  • Tennessee average annual car insurance cost: $1,263
  • Nashville average annual car insurance cost: $1,303

Every insurance company charges somewhat different rates, and you definitely won’t pay the same as your neighbor. Car insurance rates are based on your individual characteristics that help the insurance company determine how likely you are to get into an accident, have your car stolen or vandalized, or file some type of claim. Insurance companies use information such as the year, make, and model of your car, as well as personal characteristics about you, like your age, gender, and marital status, in order to determine what to charge you for coverage. Other factors play a role, too, such as:

  • Your credit score
  • The deductibles and coverage limits that you choose
  • The number of cars and drivers in your household
  • Whether you own or rent your home
  • The auto theft rates in your city or ZIP code

An independent insurance agent in Nashville can make comparison shopping easy. Independent agents can obtain quotes from multiple insurance carriers, so you can compare costs and coverage and make the best choice for your needs and budget.  

Number of Uninsured Motorists in Tennessee

Driving without auto insurance is against the law in Tennessee, but many residents disregard the law and drive without coverage. Uninsured drivers put everyone else on the road at risk from the financial consequences of crashes that they cause and can’t pay for. 

  • How many US drivers are uninsured? 12.6%
  • How many Tennessee drivers are uninsured? 20%

Tennessee has the 5th highest percentage of uninsured drivers in the US. This makes uninsured motorist coverage an essential part of your auto insurance policy. It is one of the few ways that you can protect yourself financially if one of these drivers hits you. 

Number of Auto Thefts in Tennessee

The auto theft rate across the state of Tennessee is lower than the national average. The auto theft rate in Nashville is relatively low, as well. 

  • National auto theft rate per 1,000 vehicles: 2.94
  • Tennessee auto theft rate per 1,000 vehicles: 2.27
  • Nashville auto theft rate per 1,000 vehicles: 2.64

While your risk of auto theft is relatively low in Nashville, you can't ignore the threat. Always lock your car and park in safe, well-lit places. And consider installing a car alarm. It is a great way to deter thieves, and it may also help you qualify for a discount on your Nashville auto insurance policy. 

Why Contact an Independent Insurance Agent?

Independent insurance agents are insurance professionals who can explain your coverage options, answer your questions, and provide you with customized car insurance quotes from multiple insurance companies. With the help of an independent agent, you can make an informed choice. 

Start your search by contacting an independent agent in Nashville.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
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