Everyone knows that insurance companies don’t want you quoting rates from other companies. People who shop around for the cheapest rate will, in all likelihood, switch companies because they have a good chance of finding a cheaper policy. A study discovered that consumers who did price comparisons regularly saved approximately $70 a month compared to policyholders who never shopped around for lower prices.
If saving money on car insurance is your objective, then knowing how to shop for insurance premiums can make the process more efficient.
If you want to save money, the best way to get affordable car insurance rates in Memphis is to compare prices at least once a year from providers in Tennessee.
First, try to understand individual coverages and the factors you can control to lower rates. Many risk factors that increase rates such as tickets, at-fault accidents, and your credit history can be amended by making lifestyle changes or driving safer.
Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agencies can quote rates from multiple companies.
Third, compare the price quotes to your existing rates to see if a cheaper price is available. If you can save money, ensure coverage does not lapse between policies.
A key point to remember is to make sure you enter identical deductibles and limits on every price quote and to quote with as many companies as feasibly possible. This guarantees a fair rate comparison and the best price selection.
Getting quotes for cheaper insurance coverage in Memphis is not as hard as you think. If you have a current insurance policy or need new coverage, use these techniques to shop for the lowest rates without sacrificing coverage. Drivers only need to know the least time-consuming way to compare insurance rates instantly.
Learn How to Buy Car Insurance at a Discount
Consumers need to have an understanding of some of the elements that go into determining the level of your policy premiums. If you know what controls the rates you pay, this enables informed choices that may result in lower rates. Lots of factors are used when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are less obvious such as your credit history or your financial responsibility.
Shown below are a partial list of the pieces that factor into your rates.
Gender matters – Over time, data shows that men are more aggressive behind the wheel. It does not mean females are better drivers. Females and males cause fender benders in similar percentages, but guys cause more damage. Men also tend to get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 have the highest risk to insure so it costs more to insure them.
Getting married pays dividends – Walking down the aisle actually saves money on car insurance. Having a spouse usually means you are more financially stable and it’s statistically proven that being married results in fewer claims.
No policy lapses saves money – Not having insurance can get your license suspended and as a result your rates will increase for letting your insurance coverage expire. Not only will you pay more, not being able to provide proof of insurance might get you a steep fine or even jail time.
Low stress vocation equals lower rates – Jobs such as military personnel, business owners, and stock brokers usually pay the highest average rates due to intense work situations and long work hours. Other jobs like professors, engineers and the unemployed have the lowest average rates.
Most companies like Allstate, GEICO and Progressive provide insurance quotes on their websites. Getting online quotes for Hummer H2 SUT insurance in Memphis is possible for anyone as you just enter the amount of coverage you want into the form. After the form is submitted, their rating system obtains credit information and your driving record and quotes a price based on these factors.
Using the web to get rate quotes for Hummer H2 SUT insurance in Memphis streamlines rate comparisons, and it is important to perform this step if you are searching for the best car insurance rates.
In order to use this form to compare rates, consider comparing rates from the companies shown below. To compare your current rates, we recommend you copy the coverage information as shown on your current policy. This makes sure you will have a fair comparison for exact coverage.
The following companies have been selected to offer quotes in Memphis, TN. In order to find cheaper auto insurance in Memphis, it’s highly recommended you compare several of them to get the best price comparison.
Three reasons to not skimp on car insurance
Despite the potentially high cost of Hummer H2 SUT insurance, car insurance is required in Tennessee but also provides important benefits.
First, almost all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability insurance in order to be legal. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you took out a loan on your H2 SUT, it’s most likely the lender will make it a condition of the loan that you have full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender may have to buy a policy to insure your Hummer at an extremely high rate and require you to pay much more than you were paying before.
Third, car insurance preserves not only your Hummer but also your financial assets. It will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, your policy will pay to restore your vehicle to like-new condition.
The benefits of insuring your H2 SUT more than cancel out the cost, particularly for liability claims. Today the average American driver overpays more than $700 annually so we recommend shopping around every year to ensure rates are inline.
Get cheaper Hummer H2 SUT insurance rates in Memphis
Car insurance is expensive, but there could be available discounts that you may not even be aware of. Many of these discounts will be applied automatically when you complete an application, but a few need to be asked for before they will apply.
- Discount for New Cars – Buying coverage on a new vehicle can save you some money because new vehicles are generally safer.
- Senior Citizen Discount – If you qualify as a senior citizen, you may qualify for a small discount on rates.
- Auto/Home Discount – If you can combine your auto and home policy and place coverage with the same company you may save at least 10 to 15 percent or more.
- Seat Belts Save – Requiring all passengers to buckle up before driving could save 15% on the medical payments or PIP coverage costs.
- Waiver for an Accident – This one isn’t a discount, but companies like Allstate, State Farm and GEICO will allow you to have one accident without getting socked with a rate hike with the catch being you have to be claim-free for a set time period.
- ABS and Traction Control Discounts – Cars with anti-lock braking systems have fewer accidents and will save you 10% or more on H2 SUT insurance in Memphis.
- Safety Course Discount – Completing a defensive driver course could possibly earn you a 5% discount and easily pay for the cost of the class.
- No Claim Discounts – Good drivers with no accidents are rewarded with significantly better rates on Memphis car insurance quote when compared with accident-prone drivers.
One last thing about discounts, most credits do not apply to the entire cost. Some only apply to individual premiums such as medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
If you would like to see a list of companies with the best Hummer H2 SUT insurance discounts in Memphis in Memphis, click here.
When should I talk to a local insurance agent?
Some consumers just prefer to get professional advice from a licensed agent and that is just fine! Good agents are trained risk managers and help file insurance claims. One of the best bonuses of getting online price quotes is that you can obtain the lowest rates and still buy from a local agent. And buying from local agencies is important especially in Memphis.
Once you complete this form (opens in new window), your insurance coverage information gets sent to insurance agents in Memphis who will gladly provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to visit any agencies since rate quotes are delivered to you instantly. If for some reason you want to compare prices from one company in particular, you just need to navigate to their website to submit a rate quote request.
Two types of Memphis auto insurance agents
If you are searching for local Memphis agents, it’s important to understand the different types of agencies that you can choose from. Memphis agents can be categorized as either independent or exclusive depending on the company they work for. Either one can sell car insurance policies, but we need to point out the differences since it can affect your selection of an agent.
Independent Car Insurance Agents
Independent agents are appointed with more than one company so they have the ability to put coverage through lots of different companies depending on which coverage is best. If your premiums go up, your agent can just switch to a different company and you won’t have to switch agencies.
If you need cheaper car insurance rates, it’s a good idea to include rate quotes from at a minimum one independent agency to have the best price comparison. Most also write with companies you’ve never heard of that many times have cheaper rates.
Shown below are independent agents in Memphis who may be able to give you free car insurance rate quotes.
- Bill Blake Auto Insurance
5724 Mt Moriah Rd – Memphis, TN 38115 – (901) 432-5551 – View Map - Sneed Insurance
6645 Stage Rd #200 – Memphis, TN 38134 – (901) 372-4580 – View Map - AutoSave Insurance
2550 Poplar Ave – Memphis, TN 38112 – (901) 458-1630 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel have only one company to place business with like American Family, State Farm, and Allstate. These agents are unable to shop your coverage around so keep that in mind. Exclusive agents receive a lot of sales training in insurance sales which can be an advantage. Some consumers prefer to buy insurance from these agents primarily because of the brand and strong financial ratings.
Listed below are exclusive agencies in Memphis that are able to give price quotes.
- Allstate Insurance: Don Rogers
5812 Winchester Rd – Memphis, TN 38115 – (901) 794-3771 – View Map - Denise Perino – State Farm Insurance Agent
5384 Knight Arnold Rd – Memphis, TN 38115 – (901) 362-6552 – View Map - Kathy Thurmond-Edwards- State Farm Insurance Agent
680 W Brookhaven Cir – Memphis, TN 38117 – (901) 767-7744 – View Map
Finding the right insurance agent requires you to look at more than just a cheap price quote. You should also get answers to these questions.
- Is the quote a firm price?
- How often do they review policy coverages?
- Do they regularly work with personal auto policies in Memphis?
- Do they assist clients in filing claims?
- Are aftermarket or OEM parts used to repair vehicles?
- Do they see any coverage gaps in your plan?
- Is there a local claims center in Memphis?
How to find a good Memphis car insurance company
Finding the highest-rated insurance provider can be difficult considering how many companies provide coverage in Memphis. The information shown next could help you pick which car insurance providers you want to consider to insure your vehicles.
Top 10 Memphis Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
Top 10 Memphis Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Special considerations
Always remember that when buying the best car insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.
For instance, these questions might point out if you might need an agent’s assistance.
- Are my friends covered when driving my Hummer H2 SUT?
- Will I lose any money if I cancel my policy before it expires?
- How do I insure my teen driver?
- If I use my vehicle for business use is it covered?
- Is my custom stereo system covered?
- Are rock-chip repairs free?
- Does liability extend to a camper or trailer?
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and may give you better protection.
Don’t give up on cheaper premiums
Cheaper Hummer H2 SUT insurance in Memphis is definitely available both online and from local agencies, so you should compare both in order to have the best chance of saving money. There are still a few companies who don’t offer online quoting and these small insurance companies provide coverage only through local independent agents.
As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. In many instances, an insured cut physical damage coverage only to discover later they didn’t have enough coverage. The aim is to purchase plenty of coverage at a price you can afford, not the least amount of coverage.
Consumers change insurance companies for many reasons like questionable increases in premium, policy non-renewal, unfair underwriting practices and even high rates after DUI convictions. It doesn’t matter why you want to switch choosing a new insurance company can be easier than you think.
Even more information can be found in these articles:
- Understanding Rental Car Insurance (Insurance Information Institute)
- What Insurance is Cheapest for High School Students in Memphis? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Choosing an Insurance Company (Insurance Information Institute)