To save the most money, the best way to find low-cost car insurance rates in Memphis is to start comparing prices regularly from providers in Tennessee. You can compare prices by following these steps.
Step 1: Take a few minutes and learn about the different coverages in a policy and the steps you can take to keep rates down. Many rating criteria that cause rate increases such as at-fault accidents and a less-than-favorable credit history can be rectified by being financially responsible and driving safely.
Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agencies can provide price quotes for many different companies.
Step 3: Compare the new quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate quote and switch companies, ensure there is no coverage lapse between policies.
Step 4: Give notification to your current company of your intent to cancel your current policy. Submit the completed application along with a down payment for your new coverage. Immediately keep your new certificate verifying coverage in an accessible location in your vehicle.
An important bit of advice to remember is to use identical deductibles and limits on each quote and and to analyze every company you can. This helps ensure a fair price comparison and the best price quote selection.
It’s easy to assume that insurance companies don’t want their customers to go rate shopping. Drivers who do rate comparisons will presumably switch auto insurance companies because there is a high probability of finding lower rate quotes. A survey found that consumers who compared rates once a year saved approximately $3,450 over four years compared to other drivers who never compared rates.
If finding the lowest price for Volvo C30 insurance in Memphis is the reason you’re reading this, knowing how to quote and compare coverages can help you succeed in finding affordable rates.
Locating the lowest-priced protection in Memphis is not as hard as you may think. If you already have coverage or need a new policy, follow these tips to get lower rates without reducing protection. Comparison shoppers just need to use the quickest method to compare price quotes online from multiple companies.
Companies offering competitive Volvo C30 prices in Memphis, TN
The companies shown below are our best choices to provide price quotes in Memphis, TN. If you want the best car insurance in Memphis, TN, it’s a good idea that you visit as many as you can in order to find the lowest rates.
The data table shown next covers different policy rates for Volvo C30 models. Learning how rates are formulated can assist in making informed purchases.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|C30 T5 R-Design||$158||$296||$272||$16||$82||$824||$69|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Premium costs do not factor in your specific Memphis location which can increase or decrease insurance rates noticeably.
Auto insurance discounts help lower rates for Volvo C30 insurance in Memphis
Auto insurance is not cheap nor is it fun to buy but there could be available discounts that can help lower your rates. Some discounts apply automatically when you purchase, but some must be specifically requested before being credited.
- Resident Student – Kids living away from Memphis attending college and do not have access to a covered vehicle may qualify for this discount.
- First Accident Forgiveness – Not really a discount, but some insurance companies may permit one accident without getting socked with a rate hike so long as you are claim-free before the accident.
- Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to buckle up can save a little off PIP or medical payments premium.
- Defensive Driving Course – Taking a class that teaches defensive driving techniques could cut 5% off your bill if your company offers it.
- E-sign Discounts – A handful of larger companies will give a small break for buying your policy digitally online.
- Low Mileage Discounts – Keeping the miles down on your Volvo can qualify you for cheaper rates.
- Auto/Home Discount – If you have multiple policies with one company they may give you a discount of as much as 10 to 15 percent.
- Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and can earn a small discount on your policy.
- Drive Safe and Save – Safe drivers can save as much as half off their rates than less cautious drivers.
- Discount for Passive Restraints – Factory air bags or motorized seat belts can get savings of 20% or more.
Don’t be shocked that some of the credits will not apply to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates you can get free auto insurance, you’re out of luck.
The information below compares Volvo C30 car insurance rates with and without discounts applied to the policy premium. The rates are based on a female driver, no claims, a clean driving record, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, homeowner, claim-free, and multi-policy discounts applied.
Car insurance companies who might offer many of the previously listed discounts include:
Check with each company how many discounts you can get. Some discounts may not be available in your area. To view providers with discount rates in Memphis, click this link.
Auto insurance agents near you
Some people would prefer to have an agent’s advice and that is a smart decision Licensed agents are trained risk managers and help in the event of a claim. An additional benefit of comparing insurance prices online is the fact that you can find lower prices and also buy local. Buying from local agents is important especially in Memphis.
By using this short form, your information is submitted to agents in your area who want to provide quotes and help you find cheaper coverage. It makes it easy because there is no need to even leave your home since price quotes are sent to you directly. In the event you want to quote rates for a specific company, just jump over to their website and fill out their quote form.
If you are searching for a reliable insurance agent, you should know the different agency structures that you can choose from. Auto insurance agents may be either exclusive agents or independent agents. Both can sell auto insurance policies, but it’s important to know the difference in the companies they write for since it can affect which agent you choose.
Independent Agencies or Brokers
These type of agents often have affiliation with several companies and that enables them to quote your coverage through many companies and find the cheapest rate. If premiums increase, your policy is moved internally and that require little work on your part.
If you are trying to find cheaper rates, you will want to get several quotes from several independent insurance agents in order to have the best price comparison.
The following are Memphis independent insurance agencies who can help you get free price quotes.
Agents that choose to be exclusive are contracted to one company like Allstate, State Farm and Farm Bureau. These agents are not able to compare other company’s rates so they have no alternatives for high prices. Exclusive agents receive extensive training on the products they sell which helps them sell insurance even at higher premiums.
Shown below are exclusive agencies in Memphis who can help you get rate quotes.
Choosing the best insurance agency requires you to look at more than just the quoted price. These are some valid questions you should ask.
- Is assistance available after office hours?
- If your car is in the repair shop, do you have coverage for a rental car?
- Is the agency covered by Errors and Omissions coverage?
- Do they have cheaper tiers of coverage?
- Can you get a list of referrals?
- What companies can they write with?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Is vehicle damage repaired with OEM or aftermarket parts?
The coverage is in the details
Understanding the coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverage types available from auto insurance companies.
Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as sideswiping another vehicle, damaging your car on a curb, colliding with another moving vehicle and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible on your C30 to get cheaper collision coverage.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like funeral costs, nursing services, doctor visits, hospital visits and ambulance fees. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Auto liability – Liability coverage will cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/15 that translate to $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. Occasionally you may see one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability insurance covers claims like repair costs for stationary objects, emergency aid, repair bills for other people’s vehicles and attorney fees. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible. Tennessee requires minimum liability limits of 25/50/15 but you should think about purchasing more liability than the minimum.
The chart below demonstrates why buying the state minimum limits may not be enough coverage.
Comprehensive insurance – This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like hitting a deer, a tree branch falling on your vehicle, damage from flooding, theft and falling objects. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Volvo C30.
Since a lot of drivers only carry the minimum required liability limits (Tennessee limits are 25/50/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Normally the UM/UIM limits are set the same as your liability limits.
Quote often and quote early
When shopping online for car insurance, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced full coverage to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage for the lowest price.
More affordable car insurance in Memphis is attainable both online and from local insurance agents, and you should be comparing both to have the best rate selection. Some companies do not provide online price quotes and these smaller providers prefer to sell through local independent agencies.
To read more, take a look at the resources below:
- Preventing Carjacking and Theft (Insurance Information Institute)
- Who Has Affordable Car Insurance for Drivers Under 21 in Memphis? (FAQ)
- Who Has the Cheapest Memphis Auto Insurance Quotes for 4×4 Vehicles? (FAQ)
- Vehicle Insurance (Wikipedia)
- Older Drivers FAQ (iihs.org)
- Speed and Speed Limit FAQ (iihs.org)