Locating lower priced Memphis Acura RLX insurance quotes on the web might seem challenging for consumers who are new to price shopping on the web. With a ridiculous number of online companies available, how are we expected to even start to compare them all to find better rates?
How to find cheaper rates for Acura RLX insurance in Memphis
If saving money is your primary concern, then the best way to find cheaper Acura RLX insurance is to compare prices at least once a year from companies that sell auto insurance in Memphis. Rate comparisons can be done by following these guidelines.
First, get an understanding of how companies set rates and the modifications you can make to keep rates low. Many rating criteria that result in higher rates such as careless driving and poor credit rating can be rectified by making minor driving habit or lifestyle changes.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO and Allstate, while independent agents can quote rates from multiple insurance companies.
Third, compare the new rates to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.
An essential thing to point out is to compare identical coverage information on each price quote and and to get rates from as many carriers as you can. Doing this helps ensure an apples-to-apples comparison and a thorough selection of prices.
We don’t have to point out that fact that auto insurance companies don’t want policyholders to shop around. Drivers who shop around annually are very likely to switch companies because of the good chance of finding a policy with better rates. Remarkably, a study showed that consumers who regularly compared price quotes saved $3,450 over four years as compared to drivers who never shopped for cheaper rates.
If finding the best rates on Acura RLX insurance in Memphis is the reason for your visit, then understanding how to compare insurance premiums can make the process more efficient.
It’s smart to quote other rates yearly due to the fact that insurance rates are constantly changing. Just because you had the lowest premium rates on Acura RLX insurance in Memphis two years ago there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re going to learn the only way to properly buy coverages and cut your premium.
Buying affordable car insurance in Memphis is quite easy. Practically every driver who needs lower cost car insurance most likely will find a cheaper policy. Nevertheless, Tennessee drivers can benefit by having an understanding of the methods companies use to market insurance on the web.
Companies offering low-cost Acura RLX rate quotes in Memphis, TN
The companies in the list below are ready to provide free quotes in Memphis, TN. If your goal is to find cheaper car insurance in Tennessee, we recommend you visit two to three different companies in order to find the most affordable rates.
Do you qualify for discounts on Acura RLX insurance in Memphis?
Companies don’t always advertise every possible discount in a way that’s easy to find, so the list below details both well-publicized and also the lesser-known auto insurance savings.
- Sign Online – A few auto insurance companies will give a small break simply for signing on your computer.
- Discounts for Good Drivers – Drivers who don’t get into accidents could pay up to 40% less than drivers with accidents.
- Accident Waiver – Not necessarily a discount, but a few companies such as Liberty Mutual, Allstate and State Farm will turn a blind eye to one accident before your rates go up so long as you are claim-free prior to the accident.
- Low Miles Discount – Low annual miles could qualify for lower premium rates due to less chance of an accident.
- Student Driver Training – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class in school or through a local driver safety program.
As a footnote on discounts, some credits don’t apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck. But any discount will cut the cost of coverage.
Larger auto insurance companies and some of the discounts are detailed below.
- AAA offers discounts for multi-car, good student, good driver, AAA membership discount, education and occupation, and pay-in-full.
- Progressive may have discounts that include online signing, good student, multi-vehicle, online quote discount, and continuous coverage.
- State Farm offers discounts including defensive driving training, passive restraint, good driver, multiple policy, and Drive Safe & Save.
- Esurance may offer discounts for defensive driver, good driver, online shopper, Switch & Save, Pac-12 alumni, and emergency road assistance.
- Nationwide policyholders can earn discounts including multi-policy, accident-free, family plan, business or organization, Farm Bureau membership, easy pay, and defensive driving.
If you want low cost Memphis auto insurance quotes, ask every prospective company which discounts you may be entitled to. Discounts may not be offered in Memphis. To locate auto insurance companies offering auto insurance discounts in Tennessee, click this link.
Learn How to Lower Your Insurance Rates
It’s important that you understand the rating factors that help calculate the level of your policy premiums. When you understand what determines premiums, this enables informed choices that can earn you better insurance rates. Multiple criteria are part of the calculation when you get a price on insurance. Some factors are common sense like an MVR report, but others are less apparent like your vehicle usage or how safe your car is.
The following are some of the items utilized by car insurance companies to help set your prices.
Being married can lower prices – Walking down the aisle may earn you lower rates when buying insurance. Having a significant other generally demonstrates drivers are more mature and responsible and insurance companies reward insureds because married drivers get in fewer accidents.
Big cities have higher costs – Having an address in a rural area is a good thing when shopping for auto insurance. Fewer people translates into fewer accident claims and lower theft and vandalism rates. People who live in big cities tend to have more aggressive driving styles and higher rates of accident claims. Longer commute distances can result in more accidents.
Multiple policies with one company can save – Most larger companies give discounts to people that purchase more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you still need to compare Acura RLX rates in Memphis to verify if the discount is saving money. Consumers may find better rates by insuring with multiple companies.
Youthful drivers cost more – Beginning drivers in Tennessee have a tendency to be more careless when behind the wheel and because of this, their insurance rates are much higher. Older drivers have been proven to be more responsible, are lower risk to insure, and usually have better credit.
Guys pay higher costs – Over the last 50 years, statistics have shown that women are safer drivers than men. However, this does not mean women are better drivers. Men and women get in fender benders in similar numbers, but the males have costlier accidents. In addition to higher claims, males also have more aggressive citations like DWI (DUI) or reckless driving. Young men ages 16 to 20 cause the most accidents and therefore pay the highest rates.
Acura RLX historical loss data – Car insurance companies include the past claim history for a vehicle when they set coverage costs for each model. Models that the data determines to have higher frequency or amount of claims will cost more for coverage. The information below illustrates the actual insurance loss data for Acura RLX vehicles.
For each policy coverage type, the loss probability for all vehicles, without regard to make or model, is a value of 100. Numbers that are below 100 suggest losses that are better than average, while values that are above 100 point to more frequent losses or a tendency for losses to be larger than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Acura RLX 4dr||128||63||179||82|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
When it comes to choosing coverage, there really is no one size fits all plan. Each situation is unique so your insurance needs to address that.
For instance, these questions can help discover if your situation would benefit from professional advice.
- What if I owe more than I can insure my car for?
- Is water damage covered by my policy?
- Is my custom paint covered by insurance?
- Do I need roadside assistance coverage?
- Am I missing any policy discounts?
- Can my babysitter drive my car?
If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
When should I contact a local insurance agent?
A small number of people would rather visit with an insurance agent and often times that is recommended One of the great benefits of comparing insurance prices online is that drivers can save money and get cheap insurance rates and also buy local.
By using this simple form, the quote information is sent to insurance agents in Memphis who will give you bids for your insurance coverage. You won’t need to leave your computer due to the fact that quote results will go straight to your inbox. You can find the lowest rates AND an agent nearby. If you need to compare rates from a particular provider, you would need to visit that company’s website and fill out their quote form.
Finding a good insurance company requires you to look at more than just the price. Here are some questions you might want to ask.
- Are they full-time agents?
- Do they see any coverage gaps in your plan?
- Does the quote include credit and driving reports?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are they primarily personal or commercial lines agents in Memphis?
- Which insurance companies are they affiliated with?
- How are they compensated?
- If you have an accident, will your rates go up?
If you want to buy insurance from a good insurance agency, you should know the types of agencies from which to choose. Insurance agents can be categorized as either exclusive or independent agents depending on their company appointments.
These type of agents can only place business with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They usually cannot compare rates from other companies so they have to upsell other benefits. They are trained well on their company’s products which helps them sell insurance even at higher premiums. Some insured continue to buy from exclusive agents mostly because of loyalty to the company rather than having low rates.
Shown below is a short list of exclusive agents in Memphis that can give you comparison quotes.
- Michelle L Wilson – State Farm Insurance Agent
5384 Poplar Ave Ste 439 – Memphis, TN 38119 – (901) 590-1922 – View Map
- Sylvia Walker – State Farm Insurance Agent
2900 Kirby Pkwy Ste 2 – Memphis, TN 38119 – (901) 794-8848 – View Map
- Allstate Insurance: Josh Roman
579 S Perkins Rd – Memphis, TN 38117 – (901) 683-8600 – View Map
Independent Agencies or Brokers
Agents of this type are not restricted to one company so they can insure your vehicles amongst many companies and help determine which has the cheapest rates. If they find a lower price, they simply move the coverage in-house and you don’t have to do anything.
If you are trying to find cheaper rates, it’s a good idea to get rate quotes from several independent insurance agents so that you can do a thorough price comparison. Many can place coverage with additional companies that you may not be familiar with that many times have cheaper rates.
Below is a list of independent insurance agencies in Memphis who can help you get price quote information.
- Oseman Insurance Agency
6750 Poplar Ave #410 – Memphis, TN 38138 – (901) 562-0151 – View Map
- AutoSave Insurance
2550 Poplar Ave – Memphis, TN 38112 – (901) 458-1630 – View Map
- Clay and Land Insurance, Inc.
866 Ridgeway Loop Rd #200 – Memphis, TN 38120 – (901) 767-3600 – View Map
Insurance savings summarized
Cheaper insurance in Memphis is definitely available online in addition to many Memphis insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies do not provide online rate quotes and most of the time these small insurance companies only sell coverage through local independent agents.
We just presented a lot of tips how to compare Acura RLX insurance car insurance rates in Memphis. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding inexpensive Memphis auto insurance quotes. Consumers could even find that the lowest priced insurance comes from a small local company. These smaller insurers may often insure only within specific states and give better rates compared to the large companies like GEICO and State Farm.
How to find discount Acura RLX insurance in Memphis
It takes a little time, but the best way to get low-cost car insurance rates in Memphis is to regularly compare price quotes from companies that sell auto insurance in Tennessee.
First, read and learn about how auto insurance works and the things you can change to prevent expensive coverage. Many factors that cause rate increases like accidents, careless driving, and a not-so-good credit score can be amended by being financially responsible and driving safely.
Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies.
Third, compare the new quotes to the premium of your current policy to see if a cheaper rate is available. If you can save money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, provide written notification to your current company of your intention to cancel your existing policy and submit payment and a completed application to the newly selected company. Once coverage is bound, place your new proof of insurance paperwork in an accessible location in your vehicle.
A good tip to remember is to try to compare the same amount of coverage on every price quote and and to get prices from all possible companies. This guarantees an apples-to-apples comparison and the most accurate and complete price analysis.
Additional insurance information can be read at these links:
- Airbag FAQ (iihs.org)
- What Insurance is Cheapest for Low Income Drivers in Memphis? (FAQ)
- What Insurance is Cheapest for a Learners Permit in Memphis? (FAQ)
- Smart Auto Insurance Tips (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)
- Side Impact Crash Tests (iihs.org)
- Red Light Cameras (State Farm)