Compare Kia Sedona Insurance Rates in Memphis

Insurance for Kia SedonaIf you want to save the most money, the best way to find more affordable auto insurance rates is to make a habit of regularly comparing prices from insurance carriers in Memphis.

Step 1: Learn about how car insurance works and the factors you can control to keep rates in check. Many rating criteria that cause high rates like high-risk driving behaviors and an unacceptable credit score can be controlled by improving your driving habits or financial responsibility. Later in this article we will cover more information to prevent high rates and find possible discounts that are available.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO and State Farm, while independent agents can provide rate quotes for a wide range of companies.

Step 3: Compare the price quotes to your existing rates and see if there is a cheaper rate in Memphis. If you can save some money and buy the policy, make sure coverage is continuous and does not lapse.

Step 4: Notify your company or agent to cancel your existing policy and submit a down payment along with a signed application to the newly selected company. Once the paperwork is finalized, put the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

One thing to remember is that you use identical coverage information on each quote and and to get prices from every insurance company. This helps ensure an accurate price comparison and a thorough selection of prices.

Inconceivable but true, the vast majority of consumers renewed their policy with the same company for a minimum of four years, and nearly half have never quoted rates to find cheaper coverage. Drivers in Tennessee could cut their rates by about 35% a year, but most just don’t grasp how much savings they would realize if they moved their coverage to a different company.

Cut your car insurance rates with these ten discounts

Buying car insurance is not cheap, but companies offer discounts to reduce the price significantly. Most are applied at the time of quoting, but a few must be requested specifically before being credited.Car insurance discounts

Don’t be surprised that many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like liability and collision coverage. Despite the appearance that having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

The information below shows the difference between Kia Sedona insurance rates with and without discounts applied to the policy premium. The prices are based on a female driver, a clean driving record, no at-fault accidents, Tennessee state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, multi-policy, homeowner, and safe-driver discounts applied.

Larger car insurance companies and a partial list of their discounts can be found below.

It’s a good idea to ask every prospective company which discounts you may be entitled to. Some discounts listed above might not apply in your state. To locate insurance companies with significant discounts in Tennessee, click here to view.

To get cheaper Memphis car insurance quotes, there a variety of ways of comparing rates from lots of Tennessee car insurance companies. The easiest way by far to do a complete rate comparison is to perform an online rate comparison.

It’s so simple to compare car insurance rate quotes online makes it obsolete to call or drive to different Memphis agent offices. Buying insurance online has made agencies unnecessary unless you prefer the professional guidance that you can only get from talking to an agent. If you prefer, some companies allow you to get the lowest quotes online but purchase the actual policy in an agency.

When comparing car insurance rates, know that more quotes helps locate the best offered rates.

The companies in the list below are ready to provide quotes in Tennessee. If you wish to find cheaper auto insurance in Memphis, we recommend you visit several of them in order to find the most affordable rates.

Rates and other information

The data table displayed below showcases estimates of policy rates for Kia Sedona models. Understanding more about how insurance policy premiums are figured can help guide drivers when making smart policy decisions.

Kia Sedona Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sedona $142 $212 $236 $14 $70 $674 $56
Sedona LX $142 $258 $236 $14 $70 $720 $60
Sedona EX $160 $258 $236 $14 $70 $738 $62
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Prices do not factor in specific location which can raise or lower premiums substantially.

Higher deductibles lower rates

One of the more difficult decisions when buying insurance is how low should you set your deductibles. The following insurance rates may aid in understanding the differences in premium rates when you choose different deductibles. The first set of rates uses a $100 physical damage deductible and the second price grid uses a $1,000 deductible.

Kia Sedona insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sedona $248 $368 $246 $14 $74 $975 $81
Sedona LX $248 $448 $246 $14 $74 $1,055 $88
Sedona EX $280 $448 $246 $14 $74 $1,087 $91
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Kia Sedona insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sedona $138 $194 $246 $14 $74 $666 $56
Sedona LX $138 $236 $246 $14 $74 $708 $59
Sedona EX $156 $236 $246 $14 $74 $726 $61
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can lower or raise insurance rates considerably.

We can estimate from the data above that using a $100 deductible will cost you roughly $28 more each month or $336 annually than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 32 months between claims, you would probably save some money if you choose the higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $87
Average monthly premium for $1,000 deductibles (subtract): – $59
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 32 months

The information below demonstrates how choosing different deductibles and can change Kia Sedona insurance rates for different age groups. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Liability only or full coverage

The chart below shows the comparison of Kia Sedona insurance costs when comparing full coverage to state minimum liability only. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.

When to stop buying physical damage coverage

There is no specific rule of when to exclude physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Kia Sedona settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your deductible. If you are currently paying more than $700 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Can’t I compare rates from local Memphis auto insurance agents?

Some consumers still prefer to talk to an insurance agent and we recommend doing that One of the benefits of comparing rates online is the fact that you can find cheap auto insurance quotes and still have a local agent.

Insurance agents in MemphisFor easy comparison, once you complete this form (opens in new window), your insurance data is emailed to agents in your area who can give free rate quotes for your auto insurance coverage. You won’t even need to leave your computer since price quotes are sent immediately to your email address. You can find lower rates without requiring a lot of work. If for some reason you want to compare prices from a specific insurance company, you would need to go to their quote page and fill out the quote form the provide.

Picking the best insurance company needs to be determined by more than just a cheap price. Below are some questions you should ask.

Two types of Memphis car insurance agents

If you want to use a reputable agency, there are two types of agencies and how they work. Auto insurance agencies can be described as either independent or exclusive depending on the company they work for.

Exclusive Agents

Exclusive insurance agents write business for a single company and examples are AAA, State Farm, Farmers Insurance, and Allstate. They usually cannot provide other company’s prices so you might not find the best rates. They are usually well trained on their company’s products which helps overcome the inability to quote other rates.

Below are exclusive insurance agents in Memphis that can give you price quotes.

4285 Elvis Presley BlvdMemphis, TN 38116(901) 346-0300View Map

680 W Brookhaven CirMemphis, TN 38117(901) 767-7744View Map

1440 E Shelby Dr Ste 2Memphis, TN 38116(901) 767-0030View Map

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Independent Auto Insurance Agencies

Independent insurance agents can sell policies from many different companies and that is an advantage because they can write policies through lots of different companies and get the cheapest rates. If you want to switch companies, the agent simply finds a different carrier and you don’t have to find a new agent. When comparing auto insurance prices, you will want to get several quotes from several independent agencies in order to compare the most rates.

Below are Memphis independent insurance agents willing to provide rate quotes.

1850 Poplar Crest Cove Ste 102Memphis, TN 38119(901) 762-8585View Map

2550 Poplar AveMemphis, TN 38112(901) 458-1630View Map

5495 Winchester Rd Suite 3Memphis, TN 38115(901) 362-6052View Map

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Best auto insurance company in Tennessee

Selecting a high-quality auto insurance company is difficult considering how many companies are available to choose from in Tennessee. The company rank data displayed below can help you select which coverage providers to look at purchasing from.

Top Auto Insurance Companies in Tennessee
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Auto insurance coverage options for a Kia Sedona

Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average auto insurance policy.

Collision coverage – This coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a building, scraping a guard rail, sustaining damage from a pot hole and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible on your Sedona to save money on collision insurance.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like falling objects, hitting a bird, theft, damage from flooding and vandalism. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Kia Sedona.

Due to the fact that many Tennessee drivers have only the minimum liability required by law (Tennessee limits are 25/50/15), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for X-ray expenses, rehabilitation expenses, doctor visits, EMT expenses and nursing services. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance – Liability coverage protects you from damages or injuries you inflict on other’s property or people in an accident. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/15 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $15,000 of coverage for damaged property.

Liability can pay for claims such as court costs, pain and suffering and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible. Tennessee state law requires minimum liability limits of 25/50/15 but you should consider buying more liability than the minimum.

The next chart demonstrates why low liability limits may not be adequate.

Cheaper auto insurance rates are out there

Cheap Kia Sedona insurance in Memphis can be sourced online and with local Memphis insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some auto insurance companies may not provide rate quotes online and these smaller providers work with independent insurance agents.

You just read many ways to reduce Kia Sedona insurance prices online in Memphis. The key thing to remember is the more providers you compare, the higher your chance of finding affordable Kia Sedona insurance quotes. Consumers could even find that the best prices are with an unexpected company. They may only write in your state and offer lower rates compared to the large companies like State Farm, GEICO and Nationwide.

As you shop your coverage around, it’s a bad idea to buy less coverage just to save a little money. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to discover later that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage for the lowest cost.

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