How Much is Car Insurance for Nurses in Tennessee?

Establishing which companies offer the cheapest insurance rates for nurses may require more time than just comparing a company or two. Every insurance company has a proprietary method for determining rates, so let’s examine the most competitive insurance companies in Tennessee.

It’s important to understand that Tennessee insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay for coverage. Simply having a birthday, buying a home, or getting a reckless driving citation can cause premium changes that can now make some companies cheaper than competitors.

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google.charts.setOnLoadCallback(drawTNT5qcibChart);function drawTNT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Utica National’, 760, ‘#33CFCA’], [‘Auto-Owners’, 827, ‘#2AACA8’], [‘Cincinnati Insurance’, 858, ‘#238F8C’], [‘Tennessee Farmers’, 923, ‘#1D7774’], [‘Penn National’, 935, ‘#186360’]]);var options = {title: ‘Low-Cost Auto Insurance Companies in Tennessee’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1035,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Utica National generally has some of the best car insurance rates in Tennessee at around $760 per year. Auto-Owners, Cincinnati Insurance, Tennessee Farmers, and Penn National are also some of the more affordable Tennessee auto insurance companies.

As shown in the rates above, if you currently buy coverage from Auto-Owners and switched to Utica National, you might achieve a yearly price reduction of upwards of $67. Drivers with Cincinnati Insurance might save as much as $98 a year, and Tennessee Farmers customers might reduce prices by as much as $163 a year.

To find out how much you can save, click here to begin a quote or feel free to get quotes from the companies below.

These policy prices are averaged for all types of insureds and vehicles and and are not calculated with a rate discount for nurses. So the insurer that fits your needs best may not even be shown in the rate chart shown above. That’s why you need to get car insurance quotes using your own specific driver information and vehicle.

One of the many considerations that is used by car insurance companies to calculate the amount you pay for auto insurance is where your home is located in Tennessee. Regions with more people or even just more weather-related claims like Memphis, Germantown, and Jackson will most likely pay more, whereas areas with less congestion can boast about having cheaper rates.

The table below illustrates the highest-priced places in Tennessee for nurses in which to purchase auto insurance.

Rates are comparative as the specific zip code location can raise or lower coverage prices substantially.

Full coverage or liability only

Finding cheap car insurance for nurses in Tennessee is the goal of most drivers, and a good way to pay less for insurance is to not buy comprehensive and collision coverage. The chart below visualizes the comparison of insurance rates when comparing full coverage to liability only. The information is based on no tickets, no at-fault accidents, $500 deductibles, single marital status, and no discounts are factored in.

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On average, physical damage insurance costs an additional $1,366 per year more than insuring for liability only. That is a significant amount which raises the question if buying full coverage is worth the expense. There is no clear-cut formula for eliminating physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

Discount Tennessee car insurance

Auto insurance companies that sell cheap car insurance for nurses in Tennessee could also offer special discounts that could potentially reduce rates by 40% or more if you meet eligibility requirements. Popular insurance companies and the discounts they provide are:

The information below illustrates the comparison of insurance costs with and without discounts applied to the policy rates. The premium estimates are based on a female driver, no claims or driving citations, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple vehicle, defensive driving course, multiple policy, vehicle safety, passive restraint, and marriage discounts applied. When discounts are factored in, the average savings per year on insurance for nurses is 38% or $1,105.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2339,1689],[‘Age 30’, 1631,1187],[‘Age 40’, 1511,1097],[‘Age 50’, 1323,963],[‘Age 60’, 1277,927],[‘Age 70’, 1483,1071]]);var options = {title: ‘Comparison of Insurance Rates for Nurses’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Who has the cheapest insurance quotes for health professionals?

There are many ways to shop for and buy insurance in Tennessee, but the most frequently used methods are using a non-exclusive or independent agent, an exlusive agent like Allstate or Auto-Owners, or from a direct company like Progressive or Geico.

Each way has the same basic process, but shoppers should understand the differences in how they function.

Independent insurance agents are appointed by several companies and can get rate quotes from each one. Agents of this type are not employed by one specific company and can compare multiple rates, which may provide you with a better overall rate comparison. If cheaper coverage is found, it’s easy for the agent to move the policy and you stay with the same agent.

An exclusive ageny is only able to give prices for a single company like Farmers Insurance or State Farm agents. Exclusive agents are unable to shop your coverage around, so you might not find the best rates.

The final way is buying direct, which means you do not use a local agent and instead buy direct from companies such as Esurance or Geico. This insurance option may be preferred by consumers who do not need complex risk management and have some degree of understanding of how their policy works.

So which method is best to find cheap car insurance for nurses in Tennessee? Most drivers assume that buying from a direct company saves the most money because there is no agent taking a commission, but that is not always the case. It could also be said buying insurance from an independent agent results in the best rates since they can provide multiple quotes, but again, that’s not accurate. In a lot of cases, exclusive agencies have coverage prices that cannot be met by either independent or direct companies.

Because there is so much variation in insurance prices, the one way to get the lowest rate is to obtain price quotes and compare them. It’s a good idea to get quotes from all three types to have the best selection of rates to choose from. For a list of companies offering online discounts in Tennessee, click here to view.

Ideas for finding the cheapest insurance for nurses

Here are some money-saving solutions that can help you get low-cost coverage.

• Increase your credit rating
• Increase your physical damage deductibles
• Save money by staying claim-free
• Bundle car and home insurance and save money
• Maintain a safe distance and avoid accidents
• Maintain a clean driving record
• Shop around for cheaper prices often

That last tip is incredibly important, as was noted in this piece. Rates in Tennessee can change considerably in a year, so you should be ready to switch to a new company if you find a better deal.

Staying with the same company for years is fine, but we do not recommend it if that loyalty ends up costing thousands of dollars over several years. If you have a few minutes, compare rates to find cheaper insurance for nurses.