Would you like to stop overpaying and find more affordable auto insurance rates in Memphis, TN? Memphis shoppers have a choice when shopping for the lowest priced Lexus LS 600h L insurance. You can either spend your time driving around getting price quotes or use the internet to compare rates.
There is a right way and a wrong way to find auto insurance online and we’ll show you the absolute fastest way to quote coverages on a Lexus and find the lowest possible price.
Reducing your Lexus LS 600h L insurance rates is surprisingly easy. All you need to do is take a few minutes comparing price quotes to see which company has the cheapest Lexus LS 600h L rate quotes.
The car insurance companies shown below have been selected to offer quotes in Tennessee. If you wish to find cheap auto insurance in Memphis, it’s a good idea that you get rates from several of them to get a more complete price comparison.
Car insurance discounts help lower rates for Lexus LS 600h L insurance in Memphis
Insurance can be prohibitively expensive, but you might be missing out on some discounts that you may not know about. Some of these discounts will be visible when you quote, but a few must be inquired about before you get the savings.
- Senior Citizen Rates – Seniors are able to get a small decrease in premiums.
- Life Insurance – Not all insurance companies offer life insurance, but some may give you better prices if you take out some life insurance too.
- Theft Deterrent Discount – Vehicles optioned with advanced anti-theft systems are stolen less frequently and that can save you a little bit as well.
- Bundled Policy Discount – When you have multiple policies with the same insurance company you may save at least 10 to 15 percent or more.
- Safety Restraint Discount – Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) off the medical payments premium.
- Home Ownership Discount – Owning your own home or condo can save you money because it means you have a higher level of financial diligence.
- Payment Discounts – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
- E-sign – Some of the larger companies give back up to $50 for signing up on your computer.
As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. So despite the fact that it appears adding up those discounts means a free policy, you aren’t that lucky.
Companies and their possible discounts can be found below.
- American Family has discounts for bundled insurance, defensive driver, air bags, Steer into Savings, and accident-free.
- Farm Bureau may offer discounts for safe driver, multi-policy, youthful driver, driver training, 55 and retired, and renewal discount.
- State Farm offers discounts for multiple autos, driver’s education, safe vehicle, good driver, and good student.
- Travelers offers premium reductions for payment discounts, driver training, multi-policy, new car, and hybrid/electric vehicle.
- The Hartford offers discounts including vehicle fuel type, bundle, good student, defensive driver, driver training, and air bag.
- GEICO discounts include seat belt use, air bags, membership and employees, defensive driver, and driver training.
- Progressive may have discounts that include multi-vehicle, homeowner, multi-policy, continuous coverage, online signing, good student, and online quote discount.
When getting a coverage quote, ask all companies you are considering which discounts they offer. Some credits might not be available to policyholders in Memphis.
Should I get advice from a local insurance agent?
Many drivers would prefer to go talk to an agent and doing that can be a smart decision Most agents will help you protect your assets and help file insurance claims. One of the great benefits of comparing insurance online is that you can obtain lower rates and still have a local agent. Buying insurance from small agencies is important especially in Memphis.
Once you complete this form (opens in new window), your insurance data is sent to companies in Memphis that give free quotes to get your business. There is no need to leave your house because prices are sent to your email. If you wish to get a comparison quote from one company in particular, you would need to go to their quote page and submit a quote form there.
Two different types of auto insurance agents
If you would like to find local Memphis agents, it’s helpful to know the types of agencies from which to choose. Agents in Memphis are classified as either independent agents or exclusive agents depending on their employer. Either one can do a good job, but it’s worth mentioning why they differ since it may influence the selection process.
Independent Insurance Agents (or Brokers)
Agents that elect to be independent are normally appointed by many insurers and that gives them the ability to insure with a variety of different insurance companies and find you the best rates. To transfer your coverage to a different company, your agent can switch companies and the insured can keep the same agent.
If you are comparing rate quotes, we highly recommend that you get rate quotes from a few independent agents to ensure the widest selection of prices. Most also have access to less well-known companies that may provide cheaper insurance rates.
Shown below is a list of independent insurance agents in Memphis who may provide competitive price quotes.
- Nationwide Insurance: Clarence Mosley Jr
4132 Elvis Presley Blvd – Memphis, TN 38116 – (901) 346-2550 – View Map - Peterson Insurance Services, Inc.
8046 N Brother Blvd #101 – Memphis, TN 38133 – (901) 386-4777 – View Map - Sneed Insurance
6645 Stage Rd #200 – Memphis, TN 38134 – (901) 372-4580 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents can only provide one company’s prices and some examples include American Family, State Farm, and Allstate. They usually cannot provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents are very knowledgeable on their company’s products and that can be a competitive advantage. Some consumers prefer to use the same agent mainly due to the brand name rather than having low rates.
Shown below are Memphis exclusive insurance agencies willing to provide comparison quotes.
- Mike Fay – State Farm Insurance Agent
6263 Poplar Ave #535 – Memphis, TN 38119 – (901) 682-8700 – View Map - Allstate Insurance: Brandon Goodrich
3725 Riverdale Rd Ste 4 – Memphis, TN 38115 – (901) 794-0080 – View Map - Allstate Insurance: Willie E. Martin
3315 Kirby Pkwy – Memphis, TN 38115 – (901) 365-2008 – View Map
Picking the best car insurance agent requires more thought than just a low price. Any agent in Memphis should be forthright in answering these questions:
- Which companies can they place coverage with?
- Will a damage claim use OEM or aftermarket replacement parts?
- Who are their largest clients?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do they offer claims assistance after hours?
- How are they compensated?
- Do the agents have professional certifications like CPCU or CIC?
Upon receiving acceptable answers to these questions as well as offering an affordable quote, you may have found an insurance agency that meets your needs to properly service your insurance policy.
How much insurance do I need?
When selecting the right insurance coverage, there really is not a perfect coverage plan. Every situation is different so your insurance should reflect that
For instance, these questions can help discover if your situation might need an agent’s assistance.
- How much will a speeding ticket raise my rates?
- When should I not buy collision coverage?
- What states are considered no-fault?
- How much can I save by bundling my policies?
- What can I do if my company denied a claim?
- Do I have any recourse if my insurance company denies a claim?
- Does my Lexus LS 600h L need full coverage?
- Do I need PIP (personal injury protection) coverage in Tennessee?
- What if I owe more than I can insure my car for?
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.
Lexus LS 600h L Insurance Costs Can Be Reduced
The best way to find cheaper auto insurance is to take a look at some of the things that come into play when calculating your policy premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that can help you get lower rates.
Listed below are some of the most rate-impacting factors used by companies to determine your premiums.
- Never let your auto insurance policy lapse – Allowing your coverage to lapse can be a guaranteed way to pay more for auto insurance. In addition to paying higher premiums, failure to provide proof of insurance may earn you fines and jail time. You may need to submit proof of financial responsibility or a SR-22 with the Tennessee DMV.
- Limits of liability protection – Your auto insurance policy’s liability coverage will protect you if ever a court rules you are at fault for personal injury or accident damage. It provides legal defense coverage to attempt to prove you were not liable. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so do not skimp.
- Vehicles with better crash test results are cheaper to insure – Vehicles that have high safety ratings get lower rates. These vehicles reduce occupant injuries and better occupant protection translates directly to fewer claims and more competitive rates for policyholders.
- Gender matters – Over time, data shows women tend to be less risk to insure than men. Now that doesn’t mean females are better drivers. Both genders tend to get into auto accidents at a similar rate, but the males tend to have more serious accidents. They also get higher numbers of serious violations like DWI (DUI) or reckless driving. Young males are the most expensive to insure and therefore are the most expensive to insure.
Auto insurance in Tennessee serves several purposes
Despite the high cost of buying insurance for a Lexus LS 600h L in Memphis, insuring your vehicle is required in Tennessee but also provides important benefits.
- The majority of states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to get the vehicle licensed. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your LS 600h L has a lienholder, most lenders will have a requirement that you have comprehensive coverage to guarantee loan repayment. If coverage lapses or is canceled, the bank may insure your Lexus at a more expensive rate and force you to pay for it.
- Auto insurance preserves your vehicle and your assets. It will also provide coverage for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance more than cancel out the cost, especially when you need to use it. But the average American driver is overpaying more than $850 per year so compare rates at every policy renewal to ensure rates are inline.
Auto insurance company ratings
Picking the right company is difficult considering how many companies there are in Tennessee. The company ratings shown below can help you pick which car insurance providers you want to consider purchasing coverage from.
Top 10 Memphis Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Quote more and you will save more
Throughout this article, we presented some good ideas how to shop for Lexus LS 600h L insurance online. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the lowest auto insurance rates are with some of the lesser-known companies. These companies can often provide lower premium rates in certain areas than their larger competitors like Progressive and GEICO.
When you buy Memphis car insurance online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut full coverage only to regret at claim time they didn’t have enough coverage. The goal is to purchase plenty of coverage at a price you can afford but still have enough coverage for asset protection.
Budget-conscious Lexus LS 600h L insurance can be found from both online companies and from local insurance agents, and you need to price shop both to get a complete price analysis. There are still a few companies who do not provide rate quotes online and usually these regional carriers work with independent agencies.
Steps to buying discount Lexus LS 600h L insurance in Memphis
It takes a little time, but the best way to get more affordable Lexus LS 600h L insurance in Memphis is to start comparing prices yearly from different companies who sell insurance in Tennessee.
- Step 1: It will benefit you to learn about how car insurance works and the things you can change to prevent expensive coverage. Many policy risk factors that drive up the price such as careless driving and poor credit history can be eliminated by making minor changes in your lifestyle.
- Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while independent agents can quote prices from multiple companies.
- Step 3: Compare the quotes to the premium of your current policy to see if cheaper LS 600h L coverage is available in Memphis. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
An important bit of advice to remember is to compare the same physical damage deductibles and liability limits on each price quote and and to compare as many carriers as you can. This enables an apples-to-apples comparison and a thorough selection of prices.
Other information
- State Car Insurance Guides (GEICO)
- Who Has the Cheapest Memphis Car Insurance Quotes for Drivers Over Age 70? (FAQ)
- Distracted Driving (Insurance Information Institute)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)