Insurance Products

Affordable Auto Insurance

Most people would say their car is one of the top expenses they have after housing. Affordable Insurance Agency is your premier choice for finding the best-priced auto coverage without sacrificing protection. We have over 20 different companies to choose from with auto insurance, so we are confident we can find one that is perfect for you.

Whether you are getting your first car or you are fed up with your rising premiums from your current insurance company, we can help. As your Middle Tennessee neighbor, we understand the unique challenges you face with the type of traffic and roads you experience in Nashville and surrounding areas.

If you don't have the time to call or stop by, take a few minutes and complete an online insurance quote.
 
 
 

Auto Insurance Coverages


What is more important to you? Investment and wealth protection? Ensuring an immaculate auto body without ding or scratch? Medical protection for passengers or for you?

Affordable Insurance offers a variety of coverage plans. We will be sure to find the plan that fits your needs at the best available price. We have compiled a list of the main coverage options that come with most auto insurance policies. This will help explain what they are for and how they can be used to protect you and others. Please don't hesitate to ask us for further clarification and other options.
 
 

Bodily Injury Liability

This is one of the most important coverage options that you should understand. The coverage will pay for any medical or legal expenses if you cause bodily injury to another person while driving your vehicle. With rising costs of medical care, the cost of physical therapy, and soaring legal representation fees, it is recommended that you choose a coverage that is higher than the minimum requirement of Tennessee. The minimum will only cover up to $25,000 each person, but no more than $50,000 total (also abbreviated as 25/50).

What would happen if you have those minimum limits and you ran into the back of a minivan and pushed them into the car ahead of them? What if each vehicle had at least two people in them? Would you feel comfortable that 25/50 is going to be enough for all four or more people considering most of the injured were transported to the hospital by ambulance?

Unfortunately, your insurance company is only obligated to pay up to your limit of coverage. You and any other owners of the vehicle will be responsible to pay out any differences. Don't make the mistake of thinking that because you don't own much, they can't take much. They can. They can garnish your wages, take your tax refunds, and take any savings or investments that you have accumulated up to that point.

Other coverage limits are 50/100, 100/300, 250/500, 300/300, and 500/500. If you have home and auto together with the same company, you may also qualify for an “umbrella” liability, giving you an additional $1 million in addition to the liability on your auto and home insurance.

These are the type of discussions you should consider when choosing your options. If you have a decent driving history and at least six months of prior auto liability coverage up to the point you are ready to change, you would be surprised that the difference of doubling your protection is literally pocket change.

Property Damage Liability

This coverage will pay out for any damages you cause when driving. It covers personal vehicles and structures. Just like with the Bodily Injury, there isn't much with the minimum limit of $25,000. That may be enough if you happen to only hit one older vehicle, but in the case of rear-ending the minivan and pushing them into another car, if they are newer vehicles and they are totaled, $25,000 may not be enough. You have options for $50,000, $100,000, and more in some cases.

Uninsured or Underinsured Motorist

Times are tough for just about everybody. What if someone had the choice of paying their car insurance coverage or his or her rent…then hit you. Do you think they would have the financial means to cover your medical expenses and damage? Don't leave that to chance. Choose Uninsured and Under-Insured Motorists protection equal to your Bodily Injury and Property Damage limits. It covers hit-and-run injuries and damage as well.

Medical Payments

Covers medical and funeral expenses, up to your chosen limit, for yourself and your passengers for any injury or death related to your vehicle (accident, slamming door on hand, etc.) This is good to have if you don't have health insurance, or if you happen to travel often with passengers.

Collision

This is physical damage protection for your car. It pays to replace or repair your car if you cause an accident, collide with another object (including curbs and potholes), or if your car has flipped or rolled. You will choose a deductible for this coverage and it will be the amount you are required to pay before your insurance pays the rest. A higher deductible will make your monthly insurance lower, but keep in mind this would be the amount you'd have to come up with all at once in a claim.

If you have a car loan, your lender will require you to carry this protection and list them as additional loss payee. This ensures they are entitled to all or a portion of the claim if the vehicle is totaled.

Note: If you owe more than what your car is worth, talk to us about Gap Insurance so that we can protect you financially from a car loss in which you will owe much more to the lender after your insurance company pays them for the value.

Your claim will be paid out according to the current book value minus depreciation. Please discuss with us other options if you feel your car is worth more than book value, has been maintained and is in pristine condition, and/or has customized features like paint, rims, or body kits.

We also have selections for classic and antique vehicles; please consult with us for your options. A standard personal auto policy will not adequately insure a classic car for body damage.

Comprehensive

Comprehensive is another part of physical damage protection for your vehicle. Often referred to as “Other Than Collision”. Events that are covered in this plan include fire, natural disasters, theft, vandalism, glass breakage, and damage caused by contact with animals. You would choose the deductible that you are responsible to pay in a claim; however, the cost to have a lower Comprehensive deductible often isn't that big of a difference in price, particularly if you are a low-risk driver.

Lenders will also require this coverage. However, after your car loan is paid off, you can often choose to keep this coverage and decline Collision coverage so you are at least covered for things out of your control.

Rental Reimbursement

Sometimes referred to as “Loss of Use” this will pay up to the daily and aggregate limit you choose for a rental car if your vehicle cannot be driven as a result of an accident.

Towing

Covers the costs, up to a certain amount, for emergency towing when your automobile cannot be driven. Some companies offer a full roadside protection plan.

Accidental Death

This plan will pay a death benefit to your beneficiaries if you were to die as a result of an automobile accident in the covered vehicle.
 
 
 

Lower Your Cost


Many factors influence the premium for your Motor insurance policy. Your insurer will have asked you many questions whilst producing your quote - some of which will affect your premium and some will not. Below we discuss the key variables that are within the policyholder's control.
 
 

Consolidating policies

By insuring a number of vehicles with the same insurer, or by trying to take out home and life insurance through your car insurer, you may be able to secure a 'bulk buy' discount.

Location

A big influence on the cost of your car insurance is where you live. The chance of your car being broken into or stolen is a key concern for the insurer. More urban areas traditionally facing greater risk of theft and therefore tend to be more expensive than countryside locations.

Excess

By agreeing to pay a greater excess on each claim you can reduce your car insurance premiums. This is because you are reducing the liability of the insurer and therefore in return they are able to offer you a lower premium.

Your Vehicle

The cheaper and slower your vehicle the lower your premiums are likely to be. If you are looking to buy a new vehicle make sure you fully consider the cost of insurance - you may be able to buy the car but can you afford to run it?

Mileage

You can control your insurance premiums by restricting your annual mileage. However, be aware that if you exceed the restricted number of miles you'll then become uninsured!

Parking

Where you park your vehicle overnight is also very important to the insurers. If it is kept in a locked garage, you should be offered a lower premium than if you leave it unattended in the street.

Security

Security devices that prevent or hinder theft may also reduce your premium. Common examples include alarms and immobilisers, however, be aware that as we improve the quality of our security devices the thieves just become better at bypassing them.

No Claims Discount

Save up your no claims discount by avoiding making small claims upon your policy. After a set number of years, 4 or 5 typically, you'll often be offered the option to pay an additional small premium to protect your no claims bonus. This can prove very helpful if you subsequently end up having an accident.

Advanced driving skills

By taking an advanced driving course you may also be able to reduce your premiums. The Institute for Advanced Motorists and the Royal Society for Prevention of Accidents each offer membership which provides you with discounts for both the cost of driving courses and your car insurance premiums.
Two key variables NOT within the policyholder's control.

Your Sex

Women are statistically less likely to have an accident and, if they do, it's less likely to be serious. Because of these statistics women benefit from lower premiums. It is also worth noting that if you represent one half of a couple you should consider having the female as the primary driver with the male as the second driver.

Your Age

The older you are, the less likely you are to make a claim. As a result insurance companies charge lower premiums for more mature drivers.
 

Affordable Motorcycle Insurance

Bike owners are a fun and interesting group. One thing is certain, they love their machines and they are often very dedicated to a particular brand or model. Warm, sunny days entice bike owners to pull out their motorcycles and go for a ride, and in Middle Tennessee, there are many roads and routes to explore.

Bike owners also love to customize their bikes. Chrome kits, fairings, custom paint, saddlebags, seats, leather, and even clothing accessories can make any motorcycle owner thrilled.

With the cost of customization and even the cost to replace a bike, Affordable Insurance Agency of Middle Tennessee wants to create a policy that will properly insure your investment and all the tricked out accessories you've added. Just a basic motorcycle policy will not do when you have sunk a lot of your hard-earned money into customizing your bike.

Motorcycle insurance works in similar ways to auto insurance, but there are different aspects of the coverage to consider. Our motorcycle insurance experts can help design a package that will leave you feeling secure that you are protected for whatever life throws at you.

We don't just stop at cruisers and street bikes. We also have options to cover your dirt bikes and ATV's.

Contact us today for an easy quote or stop by one our six locations throughout middle Tennessee.
 
 
 

Motorcycle Insurance Coverages


Motorcycle coverages are similar to auto coverage, but there is a different perspective that you must consider as a bike owner besides the physical damage protection for your bike and customization.

Sometimes bike owners don't worry about how much liability is on their policy because they have the thought process that bikes cannot cause nearly as much damage as a vehicle. That can be a good train of thought when it comes to Property Damage (PD) Liability, but it does not work that way for Bodily Injury (BI) Liability and the connection to Uninsured and Under-insured Motorists (UM/UIM) protection.

The biggest difference between auto and motorcycle insurance BI coverage is that your motorcycle BI can also cover someone who is riding your bike with you. On the auto, BI coverage typically does not cover passengers; on motorcycle policies, BI takes care of an injured passenger. This is very important especially when you are considered to be at fault or you are held liable. You don't want a crushing financial blow to topple your life savings because you took someone for a ride and you had an accident.
 
 
Bike owners should also closely examine the connection between the liability coverage limit and Uninsured/Underinsured Motorists coverage. Experienced motorcycle owners are usually pretty good at avoiding accidents and averting a potential accident.

However, it is usually impossible to avoid a distracted driver from hitting the bike. Because of this (and the high amount of uninsured drivers now on the road), it is important your UM/UIM coverage is high enough to compensate for this possibility. You can only have as high UM/UIM as your BI, so set your BI limits high.

We believe it is very important for motorcycle enthusiasts to enjoy the open road on their bikes, and we want to make the experience more enjoyable with the peace of mind knowing proper protection is in place.

Affordable Boat Insurance

One thing is for sure, boat owners live for sunny weekends on the water with friends, family, or a good book. Whether you own a bass boat, pontoon boat, Sea-Doo, or a yacht, your boat or personal watercraft is unique in features and usage and your boat policy should reflect its individuality.
A boat policy is very customizable, once the liability limit requirements have been met. Affordable Insurance Agency can assess your coverage needs based on size, usage, and docking location. There are different types of options for the boat owner that is out on the water every chance he or she gets, and there is a policy for those who only pull out the boat a couple weekends a year.

Tennessee now requires liability for boat owners just like auto liability for car owners. In addition, if you took out a loan to pay for the boat, your lender will require physical damage coverage just like with autos and auto loans.

Coverage for boats is very similar in nature to auto policies, but there are more features specifically designed for boats and boat enthusiasts. A full coverage boat policy will typically cover the usual liability and physical damage, but also include medical coverage for guests, coverage for the engine(s) and trailer, personal contents on board, and communication devices.

Affordable Insurance Agency is familiar with the waterways and unique boating experiences for middle Tennesseans and can provide you with valuable protection at affordable prices.

Contact us today for an easy quote or stop by one our six locations throughout middle Tennessee.

Boat Insurance Coverages

Boat insurance is very customizable and can include just basic liability coverage or can cover fully for a wide range of perils and loss.

The liability portion will pay if you are responsible for other's injuries or damage due to an accident. This could be hitting another boat or you have a guest who is injured due to your negligence.

Physical damage is for collision loss and loss due to theft, vandalism, fire, storm, and other covered loss. It will cover the hull, motors, and if a loss occurs in transit, it will also cover damage to the trailer.

The important difference between auto and boat is the settlement agreement for replacing your boat if it is a total loss.

Actual Cash Value (ACV): ACV will use the approximate value of the boat minus depreciation.

Agreed Value: You and Affordable Insurance Agency will come to an agreement on the value of your boat. If your boat is totaled, you will be paid the agreed value minus applicable deductibles.

Replacement Cost: This type of coverage will give you enough to replace your boat with a boat of similar quality and type up to the value specified on your policy.

These differences are very important to note because it drastically changes the benefit payouts and premium costs.

Contact us now and we can go over all your boat insurance needs.

Boat Insurance Discounts

We offer the following discounts on boat insurance to those who qualify

Pay in Full

Pay the full amount of your insurance policy upfront to receive a significant discount on your boat insurance

Multiple Vessels

Get a discount by having more than one boat or personal watercraft on the same policy

Homeowner

You qualify for a discount if you own your own residence
Original Owner
If you are the only person to own your boat, you qualify for a lower boat insurance rate

Contact us today for an easy quote or stop by one our six locations throughout middle Tennessee.
 

Affordable Homeowners Insurance

The average American would most likely say that their house is their biggest investment, as well as their possessions in their home. To consider not having complete protection over your home and contents is unthinkable to some, but others may not understand the risk involved with having little to no coverage.

The point of homeowner's insurance is to protect against unforeseen losses that the owner cannot afford to rebuild or replace. It is also a very important protection against injury lawsuits that could create financial ruin.

There are many forms of homeowner's insurance options little known to the general public. You don't want to chance an insurance agent picking a cheap policy for you without advising you how little it actually covers.

We are your neighbors in Middle Tennessee, so we can truly understand your unique needs for protecting your home. We can come up with innovative solutions to cover your home, its contents, and its risk exposure to identify the best protection. We want to create an acceptable balance between cost and value. It wouldn't make sense for us to write up a cheap house policy that leaves you defenseless to rebuild after a devastating loss event.

Contact Affordable Insurance Agency today so we can discuss essential details about choices for the best insurance products to protect your largest investment.
 

Affordable Renters Insurance

Your daughter left a candle burning in her bedroom and it caught fire, destroying most of your belongings and causing extensive damage to your apartment. Do you have enough liquid assets to go out and replace all your things and also pay for the damage to the building your daughter caused? If you didn't have any finances or insurance to cover the loss, you could very well end up with a judgment for wage garnishment until it's paid, and that is just for the building. You still have to replace all your furniture, clothing, electronics, linens, and living essentials.

What if you hosted a party and provided alcohol and one of your partiers left your apartment and drove drunk, killing someone in an accident? The investigation leads to you and you are found liable. Do you have the money to pay?
These are just a few of the scenarios that renter's insurance can cover. Also called “Tenant” insurance, this type of policy will cover most of what a homeowner's policy covers except for the actual physical building.

Have you noticed the trend of rental companies and landlords requiring their tenants to obtain renter's insurance? It's not because they are concerned about your clothes or furniture. They want their own insurance company to have a way to recoup loss that you caused so their own premiums won't increase.

Many people mistakenly believe that the property management company, owner, or landlord would be responsible to replace damaged personal items from a broken appliance or leaky pipe. This is not the case at all.
If there is a leaky water or sewage pipe that eventually leaks onto your bed, computer, stereo, and television would you have enough in the bank and be okay with replacing them yourself? If the answer to that is, “No,” then you will want to make the small investment into a renter's policy.

You can customize a policy for your renters insurance and make it as basic or as comprehensive as you like. Contact Affordable Insurance Agency and we will be happy to discuss what is most important for you to protect and design a policy that exceeds your expectations.

Affordable Commercial Insurance

Commercial insurance is essential for each and every business entrepreneur. It could mean the difference between remaining in business and permanently closing when unforeseen loss befalls your business.

We are business owners in Middle Tennessee, too, so we can truly relate to the needs of running and maintaining your business. With so much at stake, don't leave your commercial insurance to chance. Professional experts at Affordable Insurance agency work with you to customize an insurance plan that protects both your most vulnerable areas and your most profitable areas of your business.

Every business has different needs. From hair salons to auto repair to manufacturing, each company has its own unique set of circumstances and characteristics. Cookie cutter commercial insurance just won't work, which is why we closely work with you to evaluate your specific needs.

An ounce of prevention is worth a pound of cure, which is why we conduct an intensive assessment of your risk management practices. We design strategies to reduce your risk significantly and yet protect you if the risk should occur.

Affordable Insurance Agency has business insurance specialists who can sort out the intricacies of your business and deliver you precise information to make well-informed decisions regarding your insurance needs. We can take something as complicated as custom business insurance and provide innovative solutions that brilliantly uncomplicated the situation for you.

As an independent agency, we are not required to sell any specific company's products. We assess your needs and then search the best company to meet those needs and work within your budget. We take the stress out of the decision-making process of searching companies; we analyze the best company for your needs and present you with the final options.

How is Affordable Insurance Agency of Middle Tennessee different from the rest? Contact us and we will show you how our team becomes your best asset for your business.