Affordable Dodge Avenger Insurance in Memphis

Insurance rates Dodge Avenger in MemphisThe easiest way to find better pricing on Dodge Avenger insurance in Memphis is to compare prices once a year from companies in Tennessee.

  1. Read and learn about how car insurance works and the things you can control to prevent expensive coverage. Many rating criteria that cause high rates like accidents, careless driving, and a less-than-favorable credit score can be improved by paying attention to minor details.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while agents who are independent can provide prices from many different companies. View prices
  3. Compare the new rate quotes to the premium of your current policy to determine if you can save on Avenger insurance. If you can save some money and buy the policy, make sure there is no coverage gap between policies.

The most important part of shopping around is that you’ll want to make sure you compare the same amount of coverage on each quote request and and to get rates from as many car insurance companies as possible. This guarantees a level playing field and the best price selection.

Astonishing but true according to a recent study, a large majority of consumers have remained with the same car insurance company for at least four years, and 38% of customers have never even compared rates from other companies. American drivers could cut their rates by approximately $859 a year by just comparing rate quotes, but most just don’t grasp the big savings they would realize if they moved their coverage to a different company.

Auto insurance statistics for a Dodge Avenger

The rate table shown next covers estimates of insurance coverage prices for Dodge Avenger models. Having knowledge of how insurance prices are determined can help guide drivers when making smart choices when buying a car insurance policy.

Dodge Avenger Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avenger Express $178 $410 $394 $24 $118 $1,124 $94
Avenger R/T $178 $410 $394 $24 $118 $1,124 $94
Avenger SXT $178 $410 $394 $24 $118 $1,124 $94
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in specific garaging location which can alter premium rates significantly.

Physical damage deductibles

One frequently asked question is how high should your deductibles be. The rates shown below sum up how much more rates are between high and low policy deductibles. The first data table uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Dodge Avenger insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avenger Express $248 $528 $326 $20 $98 $1,245 $104
Avenger R/T $248 $528 $326 $20 $98 $1,245 $104
Avenger SXT $248 $528 $326 $20 $98 $1,245 $104
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Dodge Avenger insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avenger Express $182 $358 $326 $20 $98 $984 $82
Avenger R/T $182 $358 $326 $20 $98 $984 $82
Avenger SXT $182 $358 $326 $20 $98 $984 $82
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in your specific Memphis location which can revise coverage prices noticeably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $22 more each month or $264 annually across all Dodge Avenger models than choosing the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have more than 18 months between claims, you would probably come out ahead by going with a higher deductible.

Should you buy full coverage?

The chart below shows the difference between Dodge Avenger premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The price estimates are based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no definitive guideline to eliminate physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s pretend your Dodge Avenger replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after you pay the deductible. If premium cost is more than $400 annually for physical damage coverage, then it may be the right time to buy liability only.

There are some scenarios where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

How You Can Control Dodge Avenger Insurance Prices

Consumers need to have an understanding of some of the factors that help calculate the rates you pay for insurance. If you understand what influences your rates, this helps enable you to make changes that could result in much lower annual insurance costs. Lots of factors are part of the equation when premium rates are determined. Some of the criteria are obvious such as your driving history, but other criteria are not as apparent such as whether you are married or how safe your car is.

The items below are some of the factors insurance companies consider when setting rates.

How’s your driving record? – Having a clean driving record can have a huge impact on auto insurance premiums. Drivers who don’t get tickets receive lower rates than their less careful counterparts. Even a single speeding ticket can increase the cost of insurance by as much as thirty percent. Drivers who have received dangerous violations such as DUI or reckless driving might be required by their state to file a SR-22 with the DMV in their state in order to legally drive a vehicle.

The diagram below demonstrates how speeding tickets and accidents influence Dodge Avenger insurance costs for each age group. The data is based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Cheaper premiums with safer cars – Vehicles with good safety scores tend to have lower insurance rates. Vehicles engineered for safety result in less severe injuries and fewer serious injuries means your insurance company pays less which can mean better rates for you.

You may save more by combining policies – Many insurance companies afford a discount to insureds who buy several policies from them such as combining an auto and homeowners policy. This can amount to ten or even fifteen percent. Even if you qualify for this discount already, it’s still a good idea to compare Dodge Avenger rates in Memphis to make sure you are getting the best deal.

Don’t let your coverage lapse – Driving any period of time without insurance is against the law and you will pay a penalty because you let your insurance expire. Not only will you pay more, being ticketed for driving with no insurance can result in fines and jail time. You may have to submit proof of financial responsibility or a SR-22 with the Tennessee DMV.

When should you file policy claims? – Auto insurance companies in Tennessee give the best rates to insureds who do not rely on their insurance for small claims. If you file a lot of claims you can expect either policy cancellation or increased premiums. Your car insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Low credit history equals high rates – Credit score can be a huge factor in determining your rates. Drivers with very good credit scores tend to file fewer claims and have better driving records than drivers with worse credit. If your credit history can use some improvement, you could save money insuring your Dodge Avenger by taking the time to improve your credit score.

What is the best car insurance company in Tennessee?

Finding the right auto insurance company is difficult considering how many choices drivers have in Tennessee. The information shown below may help you analyze which coverage providers you want to consider when comparing rates.

Top 10 Memphis Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. GEICO
  6. Liberty Mutual
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. Titan Insurance

Top 10 Memphis Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

In the end, you can save money

We just showed you many ideas to find affordable Dodge Avenger insurance in Memphis. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest prices come from the smaller companies. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.

While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. Too many times, an insured dropped collision coverage to discover at claim time that it was a big error on their part. The aim is to get the best coverage possible at the best possible price, not the least amount of coverage.

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