Smart shoppers know that insurance companies want to prevent you from shopping around. Drivers who shop around for cheaper rates are very likely to switch to a new company because of the good chance of finding better rates. Remarkably, a study showed that drivers who shopped around annually saved about $860 a year compared to people who never shopped for cheaper rates.
If saving the most money on car insurance is the reason you’re reading this, understanding the best ways to find and compare insurance rates can help you succeed in finding affordable rates.
The most effective way to get cheaper auto insurance rates in Memphis is to compare prices annually from companies who provide auto insurance in Tennessee.
- Step 1: Try to understand how your policy works and the modifications you can make to keep rates down. Many factors that cause rate increases like accidents, traffic violations, and a substandard credit score can be controlled by making small lifestyle or driving habit changes. This article provides tips to get better rates and find overlooked discounts.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can provide rate quotes for many different companies. Compare rates now
- Step 3: Compare the new quotes to your existing policy to see if a cheaper price is available in Memphis. If you find better rates, make sure coverage does not lapse between policies.
- Step 4: Provide adequate notice to your current company of your decision to cancel your current policy. Submit a down payment along with a completed application to your new company or agent. As soon as coverage is bound, put the new certificate of insurance in an easily accessible location in your vehicle.
One bit of advice is to make sure you enter the same amount of coverage on every quote request and and to compare as many different companies as possible. This guarantees the most accurate price comparison and plenty of rates choose from.
Companies offering low-cost Ford F-250 price quotes in Memphis, TN
The companies shown below offer quotes in Tennessee. To get the best cheap auto insurance in TN, we suggest you compare several of them to get a more complete price comparison.
Coverage information
The premium information displayed below highlights estimates of insurance rates for Ford F-250 models. Having a better idea how rate quotes are figured can help you make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-250 XL 2WD | $126 | $218 | $336 | $20 | $100 | $800 | $67 |
| F-250 XL Cabela Package 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XL Super Cab 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XLT 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XL 4WD | $142 | $218 | $372 | $22 | $112 | $866 | $72 |
| F-250 XLT Super Cab 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XL Super Cab Cabela Package 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XL Harley Edition 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XL Crew Cab 2WD | $142 | $256 | $336 | $20 | $100 | $854 | $71 |
| F-250 XLT 4WD | $142 | $256 | $372 | $22 | $112 | $904 | $75 |
| F-250 XL Cabela Package 4WD | $142 | $256 | $372 | $22 | $112 | $904 | $75 |
| F-250 XL Crew Cab 4WD | $142 | $256 | $372 | $22 | $112 | $904 | $75 |
| F-250 XL Super Cab 4WD | $142 | $256 | $372 | $22 | $112 | $904 | $75 |
| F-250 XL Crew Cab Cabela Package 2WD | $142 | $296 | $336 | $20 | $100 | $894 | $75 |
| F-250 XL Super Cab Harley Edition 2WD | $142 | $296 | $336 | $20 | $100 | $894 | $75 |
| F-250 XL Turbo Diesel 2WD | $142 | $296 | $336 | $20 | $100 | $894 | $75 |
| F-250 King Ranch Crew Cab 2WD | $142 | $296 | $336 | $20 | $100 | $894 | $75 |
| F-250 XLT Crew Cab 2WD | $142 | $296 | $336 | $20 | $100 | $894 | $75 |
| F-250 XL Super Cab Cabela Package 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XLT Super Cab 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Harley Edition 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 King Ranch Crew Cab 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 Lariat Crew Cab 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Super Cab Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Crew Cab Harley Edition 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Crew Cab Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 Lariat Super Cab 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Super Cab Cabela Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XLT Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Cabela Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XLT Turbo Diesel 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XLT Crew Cab 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Super Cab Turbo Diesel 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Crew Cab Harley Edition 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Cabela Turbo Diesel 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Crew Cab Turbo Diesel 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 Lariat Super Cab 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Turbo Diesel 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XL Super Cab Harley Edition 4WD | $158 | $256 | $372 | $22 | $112 | $920 | $77 |
| F-250 XLT Super Cab Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Harley Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 King Ranch Crew Cab Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Super Cab Harley Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XLT Crew Cab Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Crew Cab Harley Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 XL Crew Cab Cabela Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 Lariat Super Cab Turbo Diesel 2WD | $158 | $296 | $336 | $20 | $100 | $910 | $76 |
| F-250 Lariat Crew Cab 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 King Ranch Crew Cab Turbo Diesel 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 XL Super Cab Cabela Turbo Diesel 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 XLT Super Cab Turbo Diesel 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 Cabela Crew Cab 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 XL Harley Turbo Diesel 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 XLT Crew Cab Turbo Diesel 4WD | $158 | $296 | $372 | $22 | $112 | $960 | $80 |
| F-250 Lariat Crew Cab Turbo Diesel 2WD | $158 | $334 | $336 | $20 | $100 | $948 | $79 |
| F-250 Lariat Crew Cab Turbo Diesel 4WD | $174 | $296 | $372 | $22 | $112 | $976 | $81 |
| F-250 XL Super Cab Harley Turbo Diesel 4WD | $174 | $296 | $372 | $22 | $112 | $976 | $81 |
| F-250 Lariat Super Cab Turbo Diesel 4WD | $174 | $296 | $372 | $22 | $112 | $976 | $81 |
| F-250 XL Crew Cab Harley Turbo Diesel 4WD | $174 | $296 | $372 | $22 | $112 | $976 | $81 |
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Prices do not factor in zip code location which can impact rates substantially.
The illustration below highlights how deductible selection and can influence Ford F-250 insurance prices for different age groups. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Car insurance rates based on gender
The illustration below illustrates the comparison of Ford F-250 yearly insurance costs for male and female drivers. The costs are based on no claims or driving citations, full coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below shows the comparison of Ford F-250 insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no specific rule of when to stop paying for physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s assume your Ford F-250 replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 a year for full coverage, then it could be time to drop full coverage.
There are some scenarios where only buying liability is not a good plan. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Components of Your Ford F-250 Insurance Premiums
Lots of things are considered when premium rates are determined. A few of the factors are predictable such as your driving history, but other criteria are more obscure such as your credit history or your vehicle rating. It’s important that you understand some of the things that come into play when calculating the price you pay for auto insurance. If you understand what impacts premium levels, this allows you to make educated decisions that can help you get lower rates.
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Bad drivers pay high costs – Careful drivers get better rates than their less careful counterparts. Having just one moving violation can bump up the cost substantially. Drivers unfortunate enough to have flagrant violations such as hit and run, DWI or reckless driving convictions are required to submit a SR-22 form to the state department of motor vehicles in order to prevent their license from being revoked.
The illustration below highlights how speeding tickets and at-fault collisions can impact Ford F-250 auto insurance costs for different age groups. The rates are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
- Safer cars save money – Safer cars are cheaper to insure. Safe vehicles protect occupants better and reduced instances of injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Ford F-250 has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
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Premiums are impacted by vehicle performance – The performance level of the vehicle you are buying insurance for makes a huge difference in your premium level. The most favorable rates are usually for the lowest performance passenger models, but there are many factors that impact the final cost.
The data below assumes a single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Ford F-250 car insurance rates compared to other vehicles that have a range of performance rating factors.
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Premiums drop with age – Teen drivers in Tennessee are statistically shown to be less responsible in a vehicle and because of this, their auto insurance rates are much higher. Older drivers are shown to be more cautious, tend to cause fewer accidents, and receive fewer citations.
The following data uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
- Occupation stress can affect premiums – Did you know your occupation can influence how much you pay for auto insurance? Careers such as real estate brokers, air traffic controllers, and miners tend to pay the highest rates attributed to high stress levels and incredibly demanding work hours. Other jobs like actors, engineers and the unemployed get better rates.
- Extra policy coverages that may not be needed – There are quite a few optional add-on coverages you can purchase on your auto insurance policy. Insurance for things like coverage for rental cars, death and dismemberment, and extra life insurance coverage are probably not needed. They may sound like good ideas when deciding what coverages you need, but if you’ve never needed them in the past consider taking them off your policy.
- Miles impacts premiums – The more you drive each year the more it will cost to insure it. Most insurance companies apply a rate based upon how you use the vehicle. Vehicles left parked in the garage receive lower rates than cars that get driven a lot. An incorrectly rated F-250 is just wasting money. Make sure your vehicle rating properly reflects the correct usage for each vehicle.
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Ford F-250 insurance loss probability – Insurance companies include the past claim history for a vehicle to calculate a price that offsets possible losses. Models that statistically have higher loss trends will cost more for specific coverages. The table below illustrates the compiled insurance loss statistics for Ford F-250 vehicles.
For each policy coverage type, the claim amount for all vehicles averaged together is equal to 100. Percentage numbers below 100 indicate a favorable loss history, while percentages above 100 indicate more frequent losses or statistically larger claims.
Insurance Loss Ratings for Ford F-250 Vehicles Specific Ford Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford F-250 4WD 58 97 85 Ford F-250 SuperCab 2WD 55 90 Ford F-250 SuperCab 4WD 72 118 71 48 Ford F-250 SuperCrew 2WD 75 101 125 Ford F-250 SuperCrew 4WD 86 132 176 44 44 90 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cheaper Memphis car insurance quotes with discounts
Car insurance is expensive, but there’s a good chance there are discounts to reduce the price significantly. Larger premium reductions will be automatically applied at quote time, but less common discounts must be asked for before you get the savings. If you do not double check each discount available, you are just wasting money.
- Braking Control Discount – Vehicles that have anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- Own a Home and Save – Just owning your own home can save you money since home ownership requires personal responsibility.
- Mature Driver Discount – Seniors may receive a small decrease in premiums.
- Active Military Service – Being on active duty in the military can result in better rates.
- No Claims – Insureds with no claims or accidents get the best car insurance rates when compared with drivers who are more careless.
- Professional Organizations – Joining a civic or occupational organization in Memphis may earn a discount when getting a Memphis car insurance quote.
One last thing about discounts, most credits do not apply to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. Just because you may think it’s possible to get free car insurance, companies don’t profit that way.
The illustration below shows the comparison of Ford F-250 insurance premiums with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no accidents, no driving violations, Tennessee state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-policy, safe-driver, and multi-car discounts applied.
Insurance companies who may offer many of the previously listed discounts are:
When quoting, ask each company how many discounts you can get. Savings might not apply in Memphis.
Compare prices but still have a neighborhood Memphis auto insurance agent
Many drivers just want to sit down with an agent and that is a smart decision One of the great benefits of getting free rate quotes online is you can get cheap auto insurance quotes but still work with a licensed agent.
To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is immediately sent to insurance agents in Memphis that give free quotes for your business. You won’t even need to search for an agent as quotes are delivered directly to your email. You can find lower rates AND a local agent. If you need to get a comparison quote for a specific company, feel free to go to their quote page and complete a quote there.
Finding a good insurance company is decision based upon more than just the bottom line cost. These questions are important to ask:
- How long has their agency been in business in Memphis?
- Can glass repairs be made at your home?
- Does the company have a solid financial rating?
- Are they primarily personal or commercial lines agents in Memphis?
- Are claims handled at the agent’s location?
- What insurance company do they write the most business with?
- Is the agency active in community causes in Memphis?
- Does the company use OEM repair parts?
Types of car insurance agents in Memphis
When finding a reliable insurance agency, you need to know there are two different agency structures and how they function. Agents are either exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Exclusive agents are contracted to one company like Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot compare other company’s rates so keep that in mind. Exclusive agencies receive a lot of sales training on their company’s products which helps them sell on service rather than price.
The following is a short list of exclusive agencies in Memphis that are able to give price quotes.
Bobby Gorman – State Farm Insurance Agent
4947 William Arnold Rd – Memphis, TN 38117 – (901) 767-1361 – View Map
Arther Wells – State Farm Insurance Agent
4205 Hacks Cross Rd #116 – Memphis, TN 38125 – (901) 363-9217 – View Map
Allstate Insurance: Brandon Goodrich
3725 Riverdale Rd Ste 4 – Memphis, TN 38115 – (901) 794-0080 – View Map
Independent Auto Insurance Agencies
Agents that elect to be independent are not employed by one company so they have the ability to put coverage with an assortment of companies enabling the ability to shop coverage around. If you want to switch companies, they simply move the coverage in-house which makes it simple for you.
If you need cheaper auto insurance rates, you should always get rate quotes from several independent insurance agents in order to compare the most rates.
The following are independent insurance agents in Memphis that are able to give price quotes.
Nationwide Insurance: Daysha J Palacio-Miller
1850 Poplar Crest Cove Ste 102 – Memphis, TN 38119 – (901) 762-8585 – View Map
Lipscomb and Pitts Insurance LLC
2670 Union Ave – Memphis, TN 38112 – (901) 321-1000 – View Map
Nationwide Insurance: The James Agency LLC
4778 Summer Ave Ste 1 – Memphis, TN 38122 – (901) 266-5507 – View Map
You may need specialized car insurance coverage
When choosing the best car insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply.
For instance, these questions could help you determine whether you would benefit from an agent’s advice.
- What is covered by UM/UIM coverage?
- Why am I be forced to buy a membership to get insurance from some companies?
- What is the premium to book value ratio for dropping full coverage?
- What is UM/UIM insurance?
- Do I need added coverage for expensive stereo equipment?
- Is my teenager covered with friends in the car?
- Can I rent a car in Mexico?
- When would I need rental car insurance?
- What is glass protection for?
If you can’t answer these questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.
Persistence is the key to cheap rates
Some companies may not offer the ability to get quotes online and most of the time these small, regional companies only sell coverage through independent insurance agencies. Cost effective Ford F-250 insurance is definitely available on the web in addition to many Memphis insurance agents, so you need to compare both in order to have the best price selection to choose from.
As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped liability limits or collision coverage only to regret they didn’t have enough coverage. The aim is to find the BEST coverage at the lowest possible cost.
For more information, take a look at the resources below:
- Vehicle Insurance (Wikipedia)
- Who Has Affordable Car Insurance Rates for Good Students in Memphis? (FAQ)
- Who Has Cheap Auto Insurance Rates for Unemployed Drivers in Memphis? (FAQ)
- Who Has Affordable Auto Insurance Quotes for High Mileage Drivers in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Business Use? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Collision Coverage (Liberty Mutual)
- Auto Theft Statistics (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)