Nashville is known as the 'city of music,' and their car insurance rates have drivers singing the blues – especially women with spotty driving records. If you live in Nashville, brace yourself: Nashville drivers pay $257 more per year for car insurance than the national average.
It's not a surprise that people with poor driving records pay more for car insurance around the country. Accidents and traffic citations are a common cause of rising insurance rates. Nashville is no exception, as drivers with incidents pay an average of $336 more per year than drivers with clean records.
QuoteWizard surveyed 500 Nashville drivers on their insurance premiums, driving history, age, and gender. Our research revealed that Nashville women with incidents pay more for insurance than men with incidents. On average, women in Nashville with infractions on their records pay $108 more per year for auto insurance than men with incidents.
Nashville is not alone in this trend. Seattle, Austin, Las Vegas, and Atlanta are all cities where women with driving incidents pay more for insurance than men due to the nature of their accidents.
Conversely, women with a clean driving history pay less than men with similar driving records. That's right: with incident-free driving records, Nashville men pay $60 more annually than women for car insurance.
What's causing the difference? Do insurers think Nashville's women are worse drivers than men? Not likely.
However, our survey showed that women are more likely to be at fault for an accident than men. Women in Nashville are deemed responsible for 47 percent of the accidents they are involved in, while men are blamed for 28 percent of their accidents. The discrepancy in at-fault accidents is what causes the $108 higher annual rates for women versus men with poor driving records.
Drivers in Nashville also pay considerably more to cover newer vehicles. Insuring a new car (from 2015 to 2017) costs $540 more per year on average than an older car (from 2005 to 2009).
Our study breaks down car insurance rates by vehicle make and model, driver age, and more. We also learned how satisfied Nashville residents are with their insurance companies. Keep reading to find out how your insurance rates stack up with your neighbor's.
Average Monthly Car Insurance Rates
Car insurance costs around the country have risen as a whole. According to a study by AAA, American drivers pay an average of $1,222 per year for car insurance, a 9.6 percent increase from the year before.
This is partially due to six-year lows in gas prices. When gas goes down, more drivers spend more time on the road, leading to more accidents and higher liability expenses for insurers.
Average in Nashville = $125
Drivers in Nashville pay about $23 more per month than the average American. This figure varies based on factors such as gender, driving history, age, and insurance provider.
Males = $128
Men usually pay more for car insurance than women around the country, and Nashville is no exception. Most insurance companies have deemed men to be a higher insurance risk. Why? Data shows that men drive more than women, and they're also more likely to get into an accident or traffic violation.
Females = $123
Women pay $5 less per month on average than men. Again, this follows the national trend. But women can expect to pay more than men if they both have a bad driving record.
Average Rate by Age
Aged 18 to 24 = $144
Young drivers have higher odds of getting into accidents or traffic violations than more experienced drivers. Insurers know this, so they charge considerably higher rates for young drivers.
Nashville is no exception – drivers ages 18 to 24 pay much higher rates than anyone else.
Aged 25 to 34 = $128
Rates start to decrease for drivers when they turn 25. Insurers view them as more experienced behind the wheel and less likely to make a mistake on the road. In Nashville, drivers in the 25 to 34 years old age group save an average of $192 a year compared to younger drivers.
Aged 35 to 44 = $122
More driving experience leads to lower rates, and this is especially true when considering 35 to 44 year old drivers. This age group tends to get into fewer accidents than others, making their premiums less pricey.
Aged 45 to 54 = $128
There's a slight rate bump for this age range. Why? Drivers aged 45 to 54 might have the financial stability to buy a new or second car. This is also the age where you may add a teenager to your car insurance policy.
Aged 55 to 64 = $113
One of aging's biggest perks is definitely the rock-bottom insurance rates. Nashville's older drivers pay an impressive average of $113 per month. That a $372 per year insurance discount compared to the 18 to 24 age range. Older drivers will end up paying higher premiums around their 70th birthday, due primarily to weakened senses and reflexes.
The Real Cost of Tickets or Accidents
A simple fact of life is that mistakes happen – especially on the road. But drivers with tickets and accidents will pay higher insurance rates than issue-free drivers. Our study breaks down insurance premiums for drivers with incidents across different into age groups.
Average monthly cost WITH tickets or accidents = $148
Average monthly cost WITHOUT ticket or accidents = $120
Nashville drivers with accidents or tickets pay an average of $28 a month more for car insurance than incident-free drivers. That comes out to $336 per year! Fortunately for Nashville's unlucky drivers, their rates are still better than other cities. Drivers with tickets and accidents in Atlanta and Las Vegas, for example, pay a respective average of $167 and $172 per month for insurance.
Rates by Age With Tickets or Accidents
Once again, young drivers get the short end of the stick. The 18 to 24 year old age group already pays a higher rate to begin with, and that average rate rises to $155 when accidents and tickets are included. Insurers don't take their chances when it comes to inexperienced drivers.
Driving a Newer Car Costs More to Insure
New cars are often more expensive to insure than older cars. Why? They have high market value and their repairs are generally pricier.
That's the case in Nashville, where 2015 to 2017 models cost an extra $45 per month to insure than 2005 to 2009 models. Cars from 2010 to 2014 are, similarly, considerably more expensive to insure than most older models. This is a stark difference from some other cities: In Las Vegas, for example, brand new cars are actually cheaper to insure than slightly used vehicles.
Rates by Age of Car
Cars manufactured before 1995 are more expensive to insure than models from 1996 to 2009. This is due to a couple of factors: older cars run the risk of being stolen, and they're more likely to need comprehensive repairs due to age.
Average Rates by Car Make and Model
Your car make and model plays a big role in determining your insurance rates. Our study includes Nashville's most common vehicles, as well as the most and least expensive cars to insure. See how your car stacks up:
Most common vehicles
Nashville drivers don't appear to be fans of German engineering, as Audi, Mercedes, and BMW are notably absent from the top 10 most popular cars. The Nissan Altima claims the throne as the cheapest car to insure, making it an attractive option for drivers on a budget. You can save an average of $468 to insure a Nissan Altima instead of a Jeep Wrangler.
Most Expensive Makes to Insure
It's no surprise that Mercedes and BMW claim the top two spots on this list. After all, they are luxury cars, a classification which always requires a higher premium. Jeep's presence as an expensive brand to insure may raise eyebrows. In Seattle, Jeep is one of the cheapest car makes to cover at an average monthly rate of $131.
Least Expensive Makes to Insure
Nissan, Ford, and Chevrolet hold the top honors as the cheapest cars to insure. These vehicles are considered statistically safe bets by insurers. You can save an impressive $648 on insurance by driving a Nissan instead of a Mercedes.
Insurance Company Rating
We asked respondents to rate their satisfaction with their insurers on a scale of one to five:
It appears that Nashville residents are overall quite satisfied with their car insurance providers.
There's intense competition for Nashville's top spot in customer satisfaction rating. Nashville residents are happiest with Nationwide, putting them at number one. Close behind are Farmers and State Farm.
Behind the top three, there's a gap with Progressive, GEICO, and Liberty Mutual receiving similar ratings. Allstate brings up the rear with an even four out of five satisfaction rating.
This survey was commissioned by QuoteWizard and conducted by Survata, an independent research firm in San Francisco. Survata interviewed 500 online respondents who reside in Nashville between June 9, 2016 and June 20, 2016.