Confused by the number of insurance providers available to you? You have such a large number of options that it can turn into a difficult mission to find the best premium rates for Ford Explorer Sport Trac insurance in Memphis. Lots of people think Memphis has lots to offer, but paying high insurance rates can make it hard for many residents to buy full coverage.
Steps to quoting cheaper Ford Explorer Sport Trac insurance in Memphis
If your goal is the lowest price, then the best way to find affordable Ford Explorer Sport Trac insurance in Memphis is to compare prices annually from insurance carriers that sell auto insurance in Tennessee.
- First, read about individual coverages and the things you can control to prevent high rates. Many rating factors that result in higher rates such as traffic citations, accidents, and a poor credit score can be controlled by making lifestyle changes or driving safer.
- Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO or State Farm, while agents who are independent can quote prices from multiple companies.
- Third, compare the price quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate quote and buy the policy, ensure coverage does not lapse between policies.
- Fourth, provide notification to your current company of your intent to cancel your current coverage and submit the signed application along with the required initial payment to the new company. As soon as you receive it, keep your new proof of insurance paperwork in your vehicle.
One thing to remember is that you’ll want to compare the same amount of coverage on each quote request and and to get rate quotes from as many companies as possible. Doing this ensures a level playing field and a thorough selection of prices.
A study showed that the vast majority of consumers have remained with the same insurance company for four years or more, and roughly 40% of drivers have never compared rates to find cheap insurance. Memphis insurance shoppers can cut their rates by almost $480 a year by just comparing quotes, but they underestimate how much money they would save if they switch to a new company.
Getting quotes for the most affordable auto insurance policy in Memphis is quite easy. Practically every vehicle owner who compares rate quotes for auto insurance stands a good chance to find a better price. But Tennessee consumers can benefit by having an understanding of the methods companies use to sell insurance online and apply this information to your search.
Best companies for affordable Ford Explorer Sport Trac insurance in Tennessee
The companies shown below can provide free quotes in Memphis, TN. To find cheap car insurance in Memphis, we recommend you visit several of them to get the cheapest price.
Rates and other information
The coverage information shown below outlines detailed analysis of insurance prices for Ford Explorer Sport Trac models. Having insight into how policy rates are calculated helps drivers make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer Sport Trac XLT 2WD | $120 | $194 | $288 | $18 | $86 | $706 | $59 |
| Explorer Sport Trac Limited 2WD | $138 | $194 | $288 | $18 | $86 | $724 | $60 |
| Explorer Sport Trac XLT 4WD | $138 | $194 | $288 | $18 | $86 | $724 | $60 |
| Explorer Sport Trac Limited 4WD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Explorer Sport Trac Limited AWD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in specific location which can impact auto insurance rates considerably.
Where to set your deductibles
The hardest decision when buying coverage is how high should the physical damage deductibles be. The data tables below can help illustrate how much more you’ll pay between low and high physical damage coverage deductibles. The first set of prices uses a $250 deductible for physical damage and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer Sport Trac XLT 2WD | $194 | $310 | $288 | $18 | $86 | $921 | $77 |
| Explorer Sport Trac Limited 2WD | $224 | $310 | $288 | $18 | $86 | $951 | $79 |
| Explorer Sport Trac XLT 4WD | $224 | $310 | $288 | $18 | $86 | $951 | $79 |
| Explorer Sport Trac Limited 4WD | $252 | $376 | $288 | $18 | $86 | $1,045 | $87 |
| Explorer Sport Trac Limited AWD | $252 | $376 | $288 | $18 | $86 | $1,045 | $87 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer Sport Trac XLT 2WD | $158 | $250 | $288 | $18 | $86 | $800 | $67 |
| Explorer Sport Trac Limited 2WD | $182 | $250 | $288 | $18 | $86 | $824 | $69 |
| Explorer Sport Trac XLT 4WD | $182 | $250 | $288 | $18 | $86 | $824 | $69 |
| Explorer Sport Trac Limited 4WD | $204 | $304 | $288 | $18 | $86 | $900 | $75 |
| Explorer Sport Trac Limited AWD | $204 | $304 | $288 | $18 | $86 | $900 | $75 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Information does not factor in specific location which can affect coverage prices considerably.
Based on the above data, using a $250 deductible costs approximately $11 more each month or $132 every year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 23 months between claim filings, you would come out ahead going with the higher deductible.
Violations and accidents raise rates
The chart below illustrates how speeding tickets and at-fault claims drive up Ford Explorer Sport Trac auto insurance rates for different ages of insureds. The price estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
Insurance prices based on gender
The chart below shows the comparison of Ford Explorer Sport Trac annual premium costs for male and female drivers. The premiums assume no claims, a clean driving record, full physical damage coverage, $250 deductibles, single marital status, and no additional discounts are factored in.
Full coverage versus liability only rates
The chart below shows the comparison of Ford Explorer Sport Trac auto insurance rates with and without full coverage. The rates are based on no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no policy discounts are applied.
Should you buy full coverage or liability only?
There is no exact rule to drop physical damage coverage, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Ford Explorer Sport Trac settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after you pay the deductible. If you are paying more than $800 annually for physical damage coverage, then it could be time to drop full coverage.
There are some circumstances where eliminating full coverage is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.
Discount Memphis car insurance quotes
Car insurance is expensive, but you might be missing out on some discounts that you may not even know about. A few discounts will be applied at the time you complete a quote, but a few must be specifically requested before you get the savings.
- Distant Student Discount – Children who live away from home to go to college and won’t have access to an insured vehicle can be insured at a reduced rate.
- Mature Driver Discount – Drivers that qualify as senior citizens can get lower premium rates.
- Good Driver Discounts – Insureds who avoid accidents can save up to 40% or more on their Memphis car insurance quote as compared to drivers with claims.
- E-sign – A few larger online companies give back up to $50 just for signing your application on the internet.
- Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts may get savings up to 30%.
- Military Discounts – Being deployed in the military may qualify for rate reductions.
- Federal Government Employee – Active or former government employment can earn a discount up to 10% with select insurance companies.
Just know that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky. Any amount of discount will help lower your policy cost.
The chart below illustrates the difference between Ford Explorer Sport Trac insurance rates with and without discounts being applied to the rates. The data assumes a male driver, no tickets, no at-fault accidents, Tennessee state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, claim-free, safe-driver, and multi-policy discounts applied.
Auto insurance companies who may offer these money-saving discounts may include but are not limited to:
If you are trying to find the cheapest Ford Explorer Sport Trac rate quotes, ask each company which discounts you may be entitled to. Depending on the company, some discounts might not be available to policyholders in your area. To see providers with the best Ford Explorer Sport Trac insurance discounts in Memphis, follow this link.
You may need specialized auto insurance coverage
When it comes to buying a policy, there isn’t really a “perfect” insurance plan. Your situation is unique.
For example, these questions might point out whether you would benefit from professional advice.
- What if I owe more than I can insure my car for?
- Will my Ford Explorer Sport Trac be repaired with OEM or aftermarket parts?
- Which companies will insure me after a DUI?
- Am I covered if I hit someone who is not insured?
- Can I use my car for my catering business?
- Do I pay less for low miles?
- Is my Ford Explorer Sport Trac covered if I use it for business?
- Does my insurance cover a custom paint job?
If you don’t know the answers to these questions, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form.
Compare rate quotes but still have a local neighborhood Memphis car insurance agent
Certain consumers would rather go talk to an agent and doing that can be a smart decision The best thing about comparing auto insurance online is that you can obtain cheap auto insurance rates and still have an agent to talk to. Buying from and supporting local insurance agencies is important especially in Memphis.
By using this simple form, your coverage information is submitted to agents in your area who will return price quotes for your insurance coverage. There is no need to search for an agent since rate quotes are delivered to you instantly. You can find the lowest rates without a big time investment. In the event you want to compare prices for a specific company, you just need to go to their quote page and fill out their quote form.
When searching for a reliable insurance agency, you must know there are a couple types of agencies that you can select. Auto insurance agents can be described as either exclusive or independent (non-exclusive).
Independent Auto Insurance Agencies or Brokers
Independent agents are not required to write business for one company so as a result can place your coverage amongst many companies and find the cheapest rate. If your agent finds better pricing, your agent can just switch to a different company and you stay with the same agent.
When comparing auto insurance rates, you definitely need to get rate quotes from several independent agencies to maximize your price options. Most independent agents also contract with small regional insurance companies which could offer lower prices.
Listed below are independent insurance agents in Memphis that may be able to give you pricing information.
- Nationwide Insurance: Tri-State Insurance Agency Inc
5545 Murray Ave Ste 107 – Memphis, TN 38119 – (901) 767-3379 – View Map - Keltner Insurance Inc.
3232 S Perkins Rd – Memphis, TN 38118 – (901) 797-8665 – View Map - Lipscomb and Pitts Insurance LLC
2670 Union Ave – Memphis, TN 38112 – (901) 321-1000 – View Map
Exclusive Insurance Agencies
These agents can usually just insure with one company such as State Farm, AAA, and Liberty Mutual. Exclusive agents are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents are well trained on the products they sell which helps them sell on service rather than price. Consumers frequently use the same exclusive agent primarily because of the brand and strong financial ratings.
The following are exclusive agencies in Memphis that are able to give price quotes.
- Kevin White – State Farm Insurance Agent
2861 Poplar Ave – Memphis, TN 38111 – (901) 652-8484 – View Map - Michelle L Wilson – State Farm Insurance Agent
5384 Poplar Ave Ste 439 – Memphis, TN 38119 – (901) 590-1922 – View Map - Allstate Insurance: Ezekeil Hudson
53 Monroe Ave – Memphis, TN 38103 – (901) 235-9315 – View Map
Choosing an car insurance agent should include more criteria than just the premium amount. Agents should be asked these questions:
- What are their preferred companies if they are an independent agency?
- Can glass claims be handled at your home?
- What discounts might you be missing?
- Do they get paid more for recommending certain coverages?
- Can you use your own choice of collision repair facility?
- What company holds the largest book of business for them?
Car insurance specifics
Understanding the coverages of car insurance aids in choosing the best coverages and proper limits and deductibles. Car insurance terms can be impossible to understand and reading a policy is terribly boring.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for bills for things like EMT expenses, dental work and chiropractic care. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible
Liability coverages – This coverage can cover damages or injuries you inflict on other people or property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/15 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $15,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.
Liability insurance covers claims such as emergency aid, pain and suffering and medical expenses. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible. Tennessee requires drivers to carry at least 25/50/15 but it’s recommended drivers buy more liability than the minimum.
The illustration below demonstrates why the minimum limit may not provide you with enough coverage.
Collision coverage – This coverage pays for damage to your Explorer Sport Trac caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision can pay for claims such as driving through your garage door, sideswiping another vehicle, scraping a guard rail, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Explorer Sport Trac to get cheaper collision coverage.
Comprehensive insurance – This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims like vandalism, damage from flooding, damage from getting keyed and hitting a bird. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Ford Explorer Sport Trac.
Because many people 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. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
You can find cheaper coverage
We just covered quite a bit of information on how to reduce Ford Explorer Sport Trac insurance car insurance rates online in Memphis. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your premium rates. You may even find the lowest car insurance rates come from a company that doesn’t do a lot of advertising.
People leave their current company for a variety of reasons including poor customer service, high rates after DUI convictions, an unsatisfactory settlement offer or delays in responding to claim requests. No matter why you want to switch, finding a great new company is less work than it seems.
When you buy Memphis car insurance online, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where an insured dropped comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage at a price you can afford while still protecting your assets.
How to find discount Ford Explorer Sport Trac insurance in Memphis
The most effective way to get cheaper Ford Explorer Sport Trac insurance in Memphis is to do a yearly price comparison from providers who sell insurance in Tennessee.
- First, get a basic knowledge of what coverages are included in your policy and the factors you can control to drop your rates. Many policy risk factors that cause rate increases such as traffic citations and a less-than-favorable credit rating can be amended by making minor driving habit or lifestyle changes.
- Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive and State Farm, while agents who are independent can quote prices from multiple sources.
- Third, compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you find a better price and decide to switch, make sure coverage is continuous and does not lapse.
- Fourth, notify your agent or company of your intention to cancel your current coverage and submit a down payment and signed policy application to your new company or agent. Once received, put the new certificate verifying coverage somewhere easily accessible.
A tip to remember is to try to use similar deductibles and liability limits on every price quote and and to analyze every company you can. Doing this ensures a fair price comparison and the best price selection.
More resources
- Vehicle Size and Weight FAQ (iihs.org)
- Which Company has the Cheapest Auto Insurance in Memphis, TN? (FAQ)
- What Auto Insurance is Cheapest for Young Drivers in Memphis? (FAQ)
- What Insurance is Cheapest for a Learners Permit in Memphis? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)