Statistics show that almost 70% of drivers have purchased from the same company for more than four years, and approximately 38% of consumers have never quoted car insurance rates at all. Memphis drivers could save 35% a year just by shopping around, but they underestimate the benefits if they just switched companies.
The best way to get the cheapest Buick Lucerne insurance in Memphis is to compare prices once a year from insurance carriers in Tennessee. Prices can be compared by completing these steps.
Step 1: It will benefit you to learn about car insurance and the measures you can take to prevent high rates. Many things that are responsible for high rates like at-fault accidents and poor credit rating can be remedied by making minor changes in your lifestyle. This article provides additional ideas to prevent expensive rate increases and get bigger discounts.
Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and Allstate, while independent agencies can quote rates for a wide range of companies.
Step 3: Compare the new rates to the premium of your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.
Step 4: Notify your company or agent of your decision to cancel your current policy. Submit the application along with any required down payment to the new company. Immediately upon receiving it, keep the new proof of insurance certificate along with the vehicle’s registration papers.
The key aspect of shopping around is that you use identical coverages on each price quote and and to compare as many companies as you can. Doing this ensures a fair rate comparison and the best price selection.
Memphis insurance discounts for a Buick Lucerne
Car insurance can cost a lot, but companies offer discounts to cut the cost considerably. Some discounts apply automatically at quote time, but lesser-known reductions have to be specially asked for before being credited.
- Service Members Pay Less – Being deployed with a military unit could trigger a small discount.
- Anti-lock Brake Discount – Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
- Multiple Cars – Buying coverage for multiple cars with the same company can reduce the rates for all insured vehicles.
- New Car Discount – Buying a new car model may earn a small discount because new vehicles keep occupants safer.
- Accident Waiver – Not really a discount, but a handful of insurance companies allow you one accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
- Online Discount – Certain companies will discount your bill up to fifty bucks for completing your application on the web.
Keep in mind that most discount credits are not given to all coverage premiums. Most only cut the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like you would end up receiving a 100% discount, that’s just not realistic.
The illustration below shows the comparison of Buick Lucerne premium costs with and without discounts applied. Data assumes a female driver, no accidents, no driving violations, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, marriage, homeowner, and multi-car discounts applied.
To locate providers with significant discounts in Tennessee, click this link.
Reducing your insurance rates isn’t really that difficult. Consumers just need to invest a little time comparing price quotes online from several insurance companies.
The providers in the list below are ready to provide price comparisons in Memphis, TN. If your goal is to find cheaper car insurance in TN, it’s a good idea that you compare several of them to find the lowest car insurance rates.
Statistics and details
The table shown below highlights estimates of policy rates for Buick Lucerne models. Having insight into how auto insurance premiums are established can help customers make informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lucerne CXL Special Edition||$256||$560||$298||$18||$90||$1,222||$102|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in zip code location which can lower or raise premium rates substantially.
Tickets and at-fault accidents raise rates
The example below demonstrates how speeding tickets and at-fault accidents drive up Buick Lucerne insurance rates for different categories of driver ages. The rates are based on a married female driver, full coverage, $500 deductibles, and no discounts are applied.
What if I want to buy from local Memphis insurance agents?
Some people would rather go talk to an agent and we recommend doing that Agents can make sure you are properly covered and help submit paperwork. The biggest benefit of comparing rates online is that drivers can save money and get better rates and still choose a local agent. Buying from and supporting local insurance agencies is important particularly in Memphis.
To make it easy to find an agent, after completing this quick form, your insurance coverage information is instantly submitted to agents in your area that can give you free Memphis car insurance quotes for your business. You don’t have to search for any insurance agencies due to the fact that quote results will go directly to your email. If for some reason you want to compare rates for a specific company, just visit that company’s website and submit a quote form there.
Finding the right company needs to be determined by more than just the premium amount. Agents should be asked these questions:
- Which members of your family are coverage by the policy?
- Are they able to provide referrals?
- Do you need full coverage on every vehicle?
- What discounts might you be missing?
- What is their Better Business Bureau rating?
- Are they involved in claim handling?
Upon getting good answers to all your questions and locked in a price quote, you may have just found an insurance company that meets your needs to adequately provide car insurance.
Car insurance specifics
Understanding the coverages of your car insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.
Medical payments and PIP coverage
Med pay and PIP coverage kick in for bills for doctor visits, pain medications and prosthetic devices. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Liability insurance can cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/15 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for claims like bail bonds, structural damage, medical expenses and emergency aid. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible. Tennessee requires minimum liability limits of 25/50/15 but it’s recommended drivers buy better liability coverage.
The next chart demonstrates why minimum state limits may not be adequate coverage.
Comprehensive auto coverage
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as hitting a deer, a broken windshield, damage from getting keyed and fire damage. The maximum amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Buick Lucerne.
Due to the fact that many Tennessee drivers have only the minimum liability required by law (which is 25/50/15), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.
Auto collision coverage
This coverage will pay to fix damage to your Lucerne from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things such as backing into a parked car, crashing into a ditch, colliding with another moving vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible on your Lucerne to get cheaper collision coverage.
Don’t give up on cheap rates
We just showed you a lot of tips how to reduce Buick Lucerne insurance prices online in Memphis. It’s most important to understand that the more companies you get rates for, the better likelihood of getting low cost Memphis car insurance quotes. You may even find the lowest priced insurance comes from a small mutual company.
When searching for inexpensive Memphis car insurance quotes, you should never skimp on coverage in order to save money. In many cases, an insured dropped physical damage coverage and found out when filing a claim that it was a big mistake. The goal is to buy a smart amount of coverage at an affordable rate while still protecting your assets.
People who switch companies do it for any number of reasons including lack of trust in their agent, delays in responding to claim requests, questionable increases in premium or even an unsatisfactory settlement offer. Regardless of your reason, switching companies is less work than it seems.
Helpful learning opportunities
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Who Has Affordable Auto Insurance for Drivers with Accidents in Memphis? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- What is Full Coverage? (Allstate)
- Parking Tips to Reduce Door Dings (State Farm)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)