Residents in most big cities complain of a high cost of living, but not in Nashville, Tennessee. A population of 549,110 people enjoy a cost of living that is only 94% of the national average- which means affordable apartment rentals and car insurance premiums.
The average auto insurance premium for Nashville residents is $775, about $139 below the national auto insurance average and an average two bedroom apartment rents for an affordable $665 per month.
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Nashville, Tennessee Car Insurance Regulations
Nashville car insurance premiums are calculated based on numerous factors, including the type of car driven, the driver's experience and driving record, as well as the number of accidents and car thefts in the Nashville area. In 2004, there were 81 fatal car accidents in Nashville that included 266 people and 139 vehicles. While most people would assume fatalities in car accidents are a result of excessive speeds, the majority of the vehicles involved in these crashes were traveling around 40 miles per hour. Nashville experiences an average car theft rate, with 4,132 cars stolen in 2004. Driving one of the following 10 most commonly stolen vehicles in Tennessee will result in higher auto insurance premiums, so if possible, choose a different car!
- 1990 Chevrolet Full Size C/K 1500 Pickup
- 1995 Oldsmobile Cutlass
- 1997 Honda Accord
- 1990 Toyota Camry
- 1997 Ford F150 Series
- 1994 Buick Century
- 1991 Chevrolet Caprice
- 1993 Jeep Cherokee/Grand Cherokee
- 1993 Ford Taurus
- 1997 Ford Explorer
Saving Money on Your Nashville Car Insurance
Even with car insurance premiums that are below the national average, there are steps that Nashville residents can take in order to further reduce their insurance premiums. Avoiding cars that are frequently stolen, selecting cars known for their high safety ratings, and taking drivers education courses that reduce your insurance premiums by 10% will all go a long way in assisting people to obtain lower insurance costs.
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