Want a free price quotes on low-cost insurance rates in Memphis, TN? Memphis drivers have options when trying to find the best price on Ford Ranger insurance. They can either spend hours calling around to get rate comparisons or leverage the internet to get rate quotes.
There are both good and bad ways to compare insurance rates and you need to know the proper way to get price quotes for a Ford and get the lowest price either online or from Memphis insurance agents.
The method we recommend to compare insurance rates from multiple companies is to realize most of the bigger providers provide online access to quote your coverage. All consumers are required to do is give the companies some data including whether or not you need a SR-22, the make and model of your vehicles, distance driven, and whether the vehicles are used for commuting. Those rating factors is then submitted to insurance companies and they provide comparison quotes instantly.
To start a quote now, click here and find out if you can get cheaper insurance in Memphis.
The car insurance companies shown below provide quotes in Tennessee. In order to find cheaper auto insurance in Memphis, TN, we recommend you click on several of them to find the most affordable car insurance rates.
Rates and information analytics
The coverage information displayed below showcases detailed analysis of prices for Ford Ranger models. Having a better idea how policy rates are figured can help customers make informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ranger XL 2WD||$168||$340||$298||$18||$90||$914||$76|
|Ranger XL SuperCab 2WD||$198||$340||$298||$18||$90||$944||$79|
|Ranger XLT 2WD||$198||$340||$298||$18||$90||$944||$79|
|Ranger XL 2WD||$198||$340||$298||$18||$90||$944||$79|
|Ranger XL SuperCab 4WD||$198||$340||$298||$18||$90||$944||$79|
|Ranger XLT SuperCab 2WD||$198||$412||$298||$18||$90||$1,016||$85|
|Ranger Sport SuperCab 2WD||$198||$412||$298||$18||$90||$1,016||$85|
|Ranger Sport SuperCab 4WD||$198||$412||$298||$18||$90||$1,016||$85|
|Ranger XLT SuperCab 4WD||$198||$412||$298||$18||$90||$1,016||$85|
|Ranger Sport SuperCab 2WD||$198||$412||$298||$18||$90||$1,016||$85|
|Ranger XLT SuperCab 2WD||$198||$412||$298||$18||$90||$1,016||$85|
|Get Your Own Custom Quote Go|
Prices above 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-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Table data does not factor in vehicle location which can lower or raise coverage prices noticeably.
The information below demonstrates how deductible levels and can increase or decrease Ford Ranger insurance prices for each age group. The data is based on a married female driver, full physical damage coverage, and no discounts are applied.
Tickets and at-fault accidents raise rates
The illustration below illustrates how violations and accident claims drive up Ford Ranger yearly insurance costs for each different age category. The premiums assume a married male driver, full coverage, $250 deductibles, and no discounts are factored in.
Do you need full coverage?
The chart below compares Ford Ranger annual premium costs with full coverage compared to only the Tennessee minimum liability coverage. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are factored in.
When to drop comprehensive and collision
There is no definitive formula of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Ford Ranger replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 annually to have full coverage, then it could be time to drop full coverage.
There are some circumstances where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.
Choosing the best Ford vehicle insurance in Tennessee is an important decision
Even though Memphis Ranger insurance rates can get expensive, buying insurance is required by state law in Tennessee and it also provides benefits you may not be aware of.
First, the majority of states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance coverage in order to license the vehicle. 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.
Second, if your car has a loan, almost every bank will require you to carry insurance to guarantee their interest in the vehicle. If you let the policy lapse, the bank may insure your Ford at a significantly higher premium and require you to fork over much more than you were paying before.
Third, insurance protects not only your Ford but also your assets. It will also cover medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, your policy will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance more than offset the price you pay, especially when you need to use it. But the average American driver is currently overpaying as much as $700 annually so shop around each time the policy renews to make sure the price is not too high.
Cheap Ford Ranger insurance in Memphis
Auto insurance companies don’t always publicize the entire discount list very well, so the list below details some of the best known as well as some of the hidden credits that you can use to lower your rates. If you’re not getting every credit possible, you’re just leaving money on the table.
- Clubs and Organizations – Affiliation with a professional or civic organization is a good way to get lower rates on your bill.
- Policy Bundle Discount – If you have multiple policies and insure them both with the same insurance company you may save approximately 10% to 15%.
- Drive Less and Save – Low annual miles could be rewarded with substantially lower rates.
- Memphis Homeowners Pay Less – Owning your own home or condo may earn you a small savings because owning a home is proof of financial responsibility.
- Life Insurance Discount – Larger companies have a small discount if you purchase auto and life insurance together.
- Student Discounts – Performing well in school could provide a savings of up to 20% or more. The discount lasts until age 25.
- Passive Restraints – Factory air bags or automatic seat belts can receive discounts of 20% or more.
You can save money using discounts, but some of the credits will not apply to all coverage premiums. Most cut the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that it’s possible to get free car insurance, insurance companies aren’t that generous.
The example below illustrates the comparison of Ford Ranger yearly insurance costs with and without discounts. The premiums are based on a male driver, a clean driving record, no claims, Tennessee state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, claim-free, and multi-policy discounts applied.
To locate companies with the best discounts in Memphis, click this link.
Compare prices but buy from a neighborhood Memphis auto insurance agent
Some people would rather talk to an insurance agent. Agents can help you build your policy and help submit paperwork. One of the benefits of comparing insurance prices online is you can get the best rates and still have a local agent. And supporting local agents is important especially in Memphis.
By using this simple form, your information is immediately sent to local insurance agents in Memphis that provide free Memphis car insurance quotes for your insurance coverage. You never need to search for any insurance agencies because quoted prices will be sent to your email. If you have a need to quote rates from a specific insurance company, you just need to find their quoting web page and complete a quote there.
Memphis car insurance agents come in two flavors
When finding a reliable agent, you should know the types of agencies and how they are slightly different. Insurance agencies in Memphis are categorized either exclusive or independent agents depending on their company appointments. Either type can write auto insurance policies, but it’s worth learning why they differ since it can affect your agent selection.
Independent Insurance Agents
Independent agents are not employed by one company and that gives them the ability to insure amongst many companies and potentially find a lower price. If they find a lower price, the business is moved internally without you having to go to a different agency. If you are trying to find cheaper rates, you absolutely need to get rate quotes from a couple of independent agencies to have the best price comparison. Many can place coverage with different regional companies which could offer lower prices.
The following is a list of independent insurance agencies in Memphis that can give you rate quotes.
- Lipscomb and Pitts Insurance LLC
2670 Union Ave – Memphis, TN 38112 – (901) 321-1000 – View Map
- Peterson Insurance Services, Inc.
8046 N Brother Blvd #101 – Memphis, TN 38133 – (901) 386-4777 – View Map
- Clay and Land Insurance, Inc.
866 Ridgeway Loop Rd #200 – Memphis, TN 38120 – (901) 767-3600 – View Map
These agents can usually just insure with one company like Allstate and State Farm. Exclusive agents cannot compare rates from other companies so they have no alternatives for high prices. Exclusive insurance agents receive a lot of sales training in insurance sales which helps offset the inability to provide other markets. Consumers often use the same exclusive agent primarily because of the prominent brand name and the convenience of having all coverages with one company.
Below is a short list of exclusive insurance agencies in Memphis willing to provide price quote information.
- Steve Womack – State Farm Insurance Agent
848 Cooper St – Memphis, TN 38104 – (901) 725-1919 – View Map
- State Farm: Warren Hodges
5170 Sanderlin Ave #204 – Memphis, TN 38117 – (901) 767-2000 – View Map
- Denise Perino – State Farm Insurance Agent
5384 Knight Arnold Rd – Memphis, TN 38115 – (901) 362-6552 – View Map
Selecting an auto insurance agent requires you to look at more than just a cheap quote. Here are some questions you might want to ask.
- How much will you save each year by using a higher deductible?
- Is the agency active in community causes in Memphis?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Do they write coverage based solely on cost?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Is the agent CPCU or CIC certified?
- Can they provide you with a list of referrals?
- Are they giving you every discount you deserve?
Upon receiving answers to your satisfaction to any questions you may have and a low price estimate, you may have found an insurance agency that is reputable and can service your policy.
Auto insurance is unique, just like you
When it comes to choosing coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s.
For example, these questions can aid in determining whether your personal situation will benefit from professional help.
- Is my vehicle covered by my employer’s policy when using it for work?
- Is upholstery damage covered by car insurance?
- How can I get high-risk coverage after a DUI?
- Are my tools covered if they get stolen from my vehicle?
- Is there a penalty for late payment?
- What should my uninsured motorist coverage limits be in Tennessee?
- Why do I have to buy liability insurance?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.
Car insurance coverages and their meanings
Having a good grasp of your car insurance policy aids in choosing the right coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement.
Uninsured and underinsured coverage
Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Ford Ranger.
Due to the fact that many Tennessee drivers have only the minimum liability required by law (Tennessee limits are 25/50/15), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.
This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as crashing into a ditch, colliding with a tree, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to raise the deductible on your Ranger to bring the cost down.
Liability coverage protects you from damage or injury you incur to people or other property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/15 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $15,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage pays for claims like medical expenses, pain and suffering and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible. Tennessee state minimum liability requirements are 25/50/15 but you should think about purchasing higher limits.
The next chart demonstrates why buying minimum limits may not provide you with enough coverage.
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like damage from getting keyed, fire damage, a broken windshield and hitting a deer. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Coverage for medical payments
Coverage for medical payments and/or PIP reimburse you for immediate expenses such as surgery, pain medications and doctor visits. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible
Don’t give up on cheaper rates
Cheaper Ford Ranger insurance in Memphis can be bought both online and from local agencies, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies may not offer the ability to get quotes online and these regional carriers sell through local independent agencies.
Drivers leave their current company for any number of reasons including poor customer service, extreme rates for teen drivers, being labeled a high risk driver and even not issuing a premium refund. It doesn’t matter what your reason, finding a new company can be pretty painless.
When buying insurance coverage, it’s very important that you do not skimp on coverage in order to save money. In many cases, someone sacrificed physical damage coverage and learned later that the savings was not a smart move. The goal is to buy a smart amount of coverage at the best possible price while not skimping on critical coverages.
How to find cheaper quotes for Ford Ranger insurance in Memphis
Really, the only way to find lower priced Ford Ranger insurance is to compare prices regularly from insurance carriers in Memphis.
- Step 1: Try to comprehend car insurance and the things you can control to lower rates. Many rating criteria that result in higher rates like careless driving and a less-than-favorable credit rating can be eliminated by paying attention to minor details.
- Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers. View prices
- Step 3: Compare the new quotes to your existing policy to determine if you can save on Ranger insurance in Memphis. If you find a better price and decide to switch, make sure there is no coverage gap between policies.
- Step 4: Provide notification to your current agent or company to cancel the current policy. Submit a down payment along with a signed application to the new company. Once coverage is bound, store the certificate of insurance in an accessible location in your vehicle.
One thing to point out is that you’ll want to make sure you compare the same amount of coverage on each quote request and and to get rate quotes from as many auto insurance providers as possible. This helps ensure a fair price comparison and and a good selection of different prices.
- Eight Auto Insurance Myths (Insurance Information Institute)
- Who Has Cheap Car Insurance Quotes for Low Mileage Drivers in Memphis? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Good Drivers in Memphis? (FAQ)
- What Car Insurance is Cheapest for Police Officers in Memphis? (FAQ)
- What Auto Insurance is Cheapest for Drivers with Good Credit in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Homeowners? (FAQ)
- How do I File a Claim? (Insurance Information Institute)
- Vehicle Insurance (Wikipedia)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- How to Avoid Common Accidents (State Farm)