Best Rates for Chrysler Pacifica Insurance in Memphis

It goes without saying that auto insurance companies want to keep you from shopping around. People who shop around for a cheaper policy are very likely to buy a new policy because of the good chance of finding more affordable rates. A study showed that people who routinely shopped around saved about $3,500 over four years compared to drivers who never shopped around for cheaper prices.

If saving the most money on insurance in Memphis is your objective, then knowing how to find and compare cheaper coverage can make it easier for you to save money.

Insurance for Chrysler PacificaIf you want to save money, the best way to find affordable quotes for auto insurance rates in Memphis is to make a habit of comparing prices annually from insurers in Tennessee. Prices can be compared by completing these steps.

  1. Gain an understanding of how auto insurance works and the measures you can take to prevent rate increases. Many risk factors that cause high rates like speeding and your credit history can be controlled by making lifestyle changes or driving safer. Later in this article we will cover more information to lower rates and find more discounts that you may not know about.
  2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.
  3. Compare the quotes to your existing policy and determine if cheaper Pacifica coverage is available. If you find a lower rate quote, ensure there is no coverage lapse between policies.
  4. Tell your current agent or company to cancel your current car insurance policy. Submit any necessary down payment along with the completed application to the newly selected company. Make sure you keep the new certificate verifying coverage above your visor, in the console, or in the glove compartment.

The critical component of shopping around is to compare the same amount of coverage on every price quote and and to compare every company you can. Doing this helps ensure an accurate price comparison and the best rate selection.

When price shopping your coverage, quoting more helps you find the best rates.

The following companies offer free rate quotes in Memphis, TN. If you want the best auto insurance in Memphis, TN, we recommend you visit two to three different companies to find the most competitive auto insurance rates.

Seven Things That Impact Your Insurance Premiums

Lots of factors are used when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, but others are more transparent such as your marital status or your commute time. A large part of saving on car insurance is knowing some of the factors that help calculate the level of your policy premiums. If you have a feel for what determines premiums, this empowers consumers to make smart changes that can earn you lower rates.

The following are some of the most rate-impacting factors used by insurance companies to determine your rate level.

Auto insurance just makes sense

Even though it can be expensive, insurance is required in Tennessee but also provides important benefits.

First, just about all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability in order to license the vehicle. 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 have a loan on your Chrysler Pacifica, most banks will require that you have insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Chrysler at a much higher rate and require you to reimburse them the higher premium.

Third, insurance protects not only your Chrysler Pacifica but also your assets. It will also reimburse you for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your auto insurance policy will pay to restore your vehicle to like-new condition.

The benefits of having insurance are definitely more than the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $830 a year so compare rates once a year at a minimum to help ensure money is not being wasted.