Compare Nissan Altima Insurance Rate Quotes in Memphis

It’s an obvious statement that insurance companies want to keep you from comparing prices. People who shop around annually are likely to switch to a new company because they stand a good chance of finding a cheaper policy. A study showed that consumers who compared rates once a year saved over $70 a month as compared to drivers who never compared prices.

If finding the cheapest rates on insurance is your ultimate objective, then having an understanding of how to get price quotes and compare insurance rates can make it simple to find affordable coverage.

It takes a little time, but the best way to save on car insurance rates in Memphis is to do an annual price comparison from providers who sell auto insurance in Tennessee.

Step 1: Gain an understanding of policy coverages and the factors you can control to lower rates. Many factors that cause high rates such as traffic violations and an unfavorable credit rating can be controlled by making lifestyle changes or driving safer. Keep reading for information to get cheaper rates and find more discounts that you may not know about.

Step 2: Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like GEICO and Allstate, while independent agents can provide prices for many different companies.

Step 3: Compare the new quotes to your current policy to determine if switching companies saves money. If you find a better price and change companies, make sure there is no coverage gap between policies.

An important note is that you’ll want to make sure you compare the same deductibles and limits on each quote and and to look at as many companies as you can. Doing this guarantees an accurate price comparison and the best price quote selection.

Companies offering Nissan Altima insurance in Memphis

The auto insurance companies shown below have been selected to offer quotes in Memphis, TN. To locate cheap car insurance in Memphis, TN, we suggest you visit as many as you can in order to get a fair rate comparison.

Facts and figures for Nissan Altima insurance

The coverage information displayed below highlights a range of policy rates for Nissan Altima models. Having a good understanding how prices are figured helps drivers make smart choices when buying a policy.

Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in vehicle garaging location which can decrease or increase prices noticeably.

Comparison of policy deductibles

One of the hardest decisions when shopping for insurance is which deductibles should you choose. The comparison tables below lay out the premium difference of buying low and high deductibles. The first data table uses a $250 physical damage coverage deductible and the second price grid uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in specific Memphis garaging location which can increase or decrease prices greatly.

We can derive from the above data that using a $250 deductible will cost you roughly $13 more each month or $156 annually than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 19 months between claims, you would save money if you opt for a higher deductible. Here is how you can make this decision for your own policy.

One important note is that a higher deductible results in having to pay to pay more out-of-pocket when you have a claim. You need to have some available funds in the event you need to pay the higher deductible in order to repair your vehicle.

Careless driving habits raise insurance rates

The diagram below shows how speeding tickets and accident claims drive up Nissan Altima annual premium costs for each age group. The premiums are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are factored in.

Impact of age and gender on insurance rates

The example below illustrates the comparison of Nissan Altima insurance prices for male and female drivers. The premium estimates are based on no claims or violations, comp and collision included, $100 deductibles, drivers are single, and no discounts are factored in.

Slash rates with these discounts

Insuring your vehicles can cost a lot, but there could be available discounts that you may not even know about. A few discounts will automatically apply when you get a quote, but some need to be asked about before you get the savings. If they aren’t giving you every credit available, you’re just leaving money on the table.

• Resident Student – Children who are enrolled in higher education away from home and won’t have access to an insured vehicle may be able to be covered for less.
• Low Mileage Discounts – Maintaining low annual mileage can earn discounted rates on garaged vehicles.
• Defensive Driver – Taking part in a course teaching safe driver skills is a good idea and can lower rates and easily recoup the cost of the course.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course if offered at their school.
• Theft Prevention System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and that can save you a little bit as well.
• Senior Citizen Discount – If you’re over the age of 55, you can possibly qualify for a small discount on rates.
• Professional Memberships – Belonging to a professional or civic organization may earn a discount on your next insurance statement.

Discounts save money, but please remember that most discount credits are not given to your bottom line cost. A few only apply to specific coverage prices like comp or med pay. So when the math indicates you could get a free insurance policy, it doesn’t quite work that way.

The diagram below illustrates the difference between Nissan Altima premium costs with and without discounts applied to the rates. The premiums are based on a female driver, no claims or driving violations, Tennessee state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, homeowner, claim-free, and multi-policy discounts applied.

Larger insurance companies and a partial list of their discounts are included below.

• State Farm has discounts for multiple autos, good driver, safe vehicle, multiple policy, accident-free, passive restraint, and Steer Clear safe driver discount.
• Nationwide includes discounts for family plan, easy pay, anti-theft, multi-policy, and accident-free.
• GEICO discounts include federal employee, air bags, emergency military deployment, driver training, and anti-theft.
• AAA has savings for AAA membership discount, good driver, multi-policy, pay-in-full, education and occupation, multi-car, and anti-theft.
• 21st Century may have discounts that include student driver, early bird, defensive driver, automatic seat belts, driver training, and 55 and older.
• The Hartford may offer discounts for bundle, anti-theft, air bag, vehicle fuel type, defensive driver, and driver training.

Before purchasing a policy, check with all companies you are considering to apply every possible discount. Depending on the company, some discounts may not apply to policyholders in Memphis. For a list of companies that offer multiple discounts in Tennessee, follow this link.

When to get professional advice

When quoting and comparing adequate coverage, there isn’t really a perfect coverage plan. Each situation is unique.

These are some specific questions can aid in determining if your situation could use an agent’s help.

• Should I file a claim if it’s only slightly more than my deductible?
• Am I covered if hit by an uninsured driver?
• What is high-risk coverage and where do I buy it?
• Does my liability insurance cover pulling a trailer or camper?
• Do I need rental car coverage?
• Am I covered if I hit someone who is not insured?
• What is an SR-22 filing?
• What is the difference between personal and commercial auto insurance policies?
• How much liability coverage do I need in Tennessee?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.

Insurance agencies near you

Some people still prefer to get professional advice from a licensed agent and doing that can be a smart decision A good thing about comparing insurance online is you may find cheap insurance rates and also buy local.

To help locate an agent, after submitting this short form, your insurance data is submitted to companies in Memphis that can provide free Memphis car insurance quotes to get your business. It simplifies rate comparisons since you won’t have to visit any agencies because quoted prices will be sent to the email address you provide. You can most likely find cheaper rates without having to waste a lot of time. If you wish to get a comparison quote from a specific insurance provider, just go to their quote page and submit a quote form there.

Picking the best insurance company should include more criteria than just a cheap price. Before buying a policy in Memphis, get answers to these questions.

• Is there any savings for paying the full premium?
• Do they carry Errors and Omissions coverage?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Do they get extra compensation for selling add-on coverages?
• How long has their agency been open in Memphis?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?

Is an exclusive or independent auto insurance agent right for you?

When searching for a local insurance agency, it’s important to understand the different types of agents and how they can service your needs differently. Insurance agencies can be categorized as either exclusive or independent agents depending on their company appointments.

Exclusive Agencies

Exclusive agents can only quote rates from one company and some examples include State Farm, Allstate, and Farm Bureau. They are unable to compare other company’s rates so they have no alternatives for high prices. Exclusive agents receive a lot of sales training on their company’s products which helps offset the inability to provide other markets.

Shown below is a short list of exclusive agents in Memphis willing to provide rate quotes.

More insurance agents

Independent Agencies or Brokers

Agents that choose to be independent are not required to write business for one company and that gives them the ability to insure with a variety of different insurance companies and find the cheapest insurance rates. If your agent finds better pricing, your agent can switch companies and you won’t have to switch agencies.

When comparing rates, we highly recommend that you compare prices from a few independent agents for the best price selection.

Shown below is a list of independent agencies in Memphis that can give you comparison quotes.

More insurance agents

You can find cheaper coverage

Cheaper Nissan Altima insurance in Memphis is possible both online and from local agencies, and you should be comparing both in order to have the best price selection to choose from. A few companies may not provide online price quotes and many times these small insurance companies prefer to sell through independent insurance agencies.

In this article, we covered a lot of techniques to compare Nissan Altima insurance premium rates in Memphis. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the best price on car insurance is with a smaller regional carrier.

As you quote Memphis car insurance, never buy less coverage just to save a little money. There are many occasions where someone dropped liability coverage limits and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to get the best coverage possible for the lowest price while still protecting your assets.

Helpful information

• Insurance losses by make and model (Insurance Institute for Highway Safety)
• Who Has Affordable Memphis Auto Insurance for College Students? (FAQ)
• What Car Insurance is Cheapest for Infrequent Drivers in Memphis? (FAQ)
• Teen Driver Licensing Information (iihs.org)
• Should I Buy a New or Used Car? (Allstate)