Auto Insurance Rate Quotes for a Subaru Legacy in Memphis

Searching for cheaper Memphis Subaru Legacy insurance quotes on the web can be rather challenging for drivers new to quoting and comparing rates and buying car insurance on the internet. With such a large choice of online companies available, how can Memphis drivers be able to compare every car insurance company to find cheaper car insurance prices?

How to find low-cost rates for Subaru Legacy insurance in Memphis

The easiest way to find the cheapest price for car insurance rates is to annually compare prices from insurance carriers in Memphis. Prices can be compared by following these steps.

• First, it will benefit you to learn about how companies price auto insurance and the steps you can take to keep rates low. Many risk factors that drive up the price like at-fault accidents, speeding tickets, and a negative credit history can be eliminated by paying attention to minor details.
• Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can quote rates from multiple companies. View rates
• Third, compare the price quotes to your existing policy to see if you can save by switching companies. If you find a lower rate and change companies, verify that coverage does not lapse between policies.
• Fourth, give notification to your agent or company to cancel your existing policy. Submit the completed application along with a down payment to the new company. As soon as coverage is bound, safely store the proof of insurance certificate with your vehicle’s registration.

The most important part of shopping around is that you use identical coverage information on every price quote and and to analyze as many car insurance companies as possible. This helps ensure the most accurate price comparison and a complete selection of prices.

Unfortunately, the vast majority of consumers renewed their policy with the same company for over three years, and virtually 40% of consumers have never shopped around. With the average premium in Tennessee being $1,400, drivers could save roughly $475 each year just by shopping around, but most undervalue the large savings they would see if they moved their coverage to a different company.

You should make it a habit to compare premium rates at least once a year because car insurance prices change regularly. Despite the fact that you may have had the best price on Subaru Legacy insurance in Memphis at your last renewal you can probably find a better rate quote now. Forget anything you know (or think you know) about car insurance because you’re about to find out how to quote online to save money, get proper deductibles and limits, all at the lowest rate.

Finding the cheapest auto insurance coverage in Memphis is not as hard as you think. Practically everyone who has to purchase auto insurance will most likely be able to lower their premiums. Nevertheless, Tennessee vehicle owners should learn how the larger insurance companies calculate their prices because it can help you find the best coverage.

Keep in mind that comparing all the rates in your area helps locate a lower rate than you’re paying now. Some companies don’t provide online Memphis Legacy insurance quotes, so it’s important to compare quotes on coverage from those companies, too.

The companies shown below can provide free rate quotes in Memphis, TN. If you wish to find the best cheap auto insurance in Memphis, TN, we suggest you visit as many as you can in order to find the most competitive rates.

Score discounts on Memphis insurance

Companies offering auto insurance don’t always advertise every available discount in an easy-to-find place, so we took the time to find some of the best known and the harder-to-find insurance savings.

• ABS Brakes – Cars and trucks with ABS and/or traction control prevent accidents so companies give up to a 10% discount.
• Driver Safety – Passing a course teaching driver safety skills could earn you a small percentage discount and easily pay for the cost of the class.
• Multi-line Discount – Some companies give lower premium rates if you buy some life insurance too.
• Payment Method – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
• Bundled Policy Discount – When you have multiple policies with the same company you could get a discount of up to 20% off your total Legacy insurance premium.
• Discount for Swiching Early – A few insurance companies give discounts for switching to them before your current expiration date. The savings is around 10%.
• Service Members Pay Less – Being deployed with a military unit can result in better prices.
• Drive Less and Save – Low annual miles can qualify you for lower insurance rates due to less chance of an accident.
• Discount for Passive Restraints – Factory options such as air bags can qualify for discounts as much as 30%.

A little disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce specific coverage prices like comp or med pay. Just because it seems like you would end up receiving a 100% discount, you’re out of luck.

The example below shows the difference between Subaru Legacy car insurance rates with and without policy discounts. The premiums assume a male driver, no claims, a clean driving record, Tennessee state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, multi-car, homeowner, and marriage discounts applied.

If you would like to choose from a list of insurance companies with discount insurance rates in Memphis, follow this link.

Insurance coverage details

The coverage table shown below outlines estimates of policy rates for Subaru Legacy models. Having knowledge of how insurance premiums are figured can help customers make decisions on the best policy to buy.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Information does not factor in specific garaging location which can modify insurance rates noticeably.

Physical damage deductibles

The hardest decision when buying coverage is which deductibles should you choose. The following insurance rates may help to illustrate the differences in premium rates between high and low comp and collision deductibles. The first set of prices uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price information does not factor in your specific Memphis location which can increase or decrease prices greatly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $33 more each month or $396 for a full year than quoting the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 27 months between claims, you would save money if you opt for a higher deductible.

The illustration below illustrates how choosing a deductible and can affect Subaru Legacy annual premium costs for different categories of driver ages. The rates are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Reckless driving habits raise insurance rates

The diagram below demonstrates how speeding tickets and fender-benders can influence Subaru Legacy insurance costs for different insured age categories. The prices are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Six Things That Impact Your Insurance Rates

Many things are part of the equation when pricing auto insurance. Some are pretty understandable such as your driving history, although some other factors are more obscure such as whether you are married or how safe your car is. Consumers need to have an understanding of some of the things that come into play when calculating insurance rates. If you have a feel for what controls the rates you pay, this allows you to make educated decisions that could help you find lower premium levels.

No insurance policy gaps is important – Not having insurance is illegal and any future policy may cost more because you let your insurance lapse. In addition to paying higher rates, failure to provide proof of insurance may earn you a hefty fine and possibly a revoked license.

Poor credit decisions can cost you – Having a bad credit history factor in calculating your premium rate. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores. If your credit rating is low, you may save money insuring your Subaru Legacy by improving your credit score.

Low deductibles mean high premiums – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, insures against damage to your Subaru. Some instances where coverage would apply are a broken side mirror, hitting a deer, and windstorm damage. Your deductibles state the amount of money you are willing to pay if a covered claim is submitted. The more of the claim you choose to pay out-of-pocket, the less your insurance will be.

Where you live can affect prices – Living in less populated areas may provide you with better prices when buying insurance. Residents of big cities regularly have congested traffic and more time behind the wheel. Fewer drivers and short commutes means reduced accidents.

Safer vehicles cost less to insure – Safer cars are cheaper to insure. Safer cars protect occupants better and better occupant protection translates into savings for insurance companies and cheaper rates on your policy.

Advanced alarm systems – Selecting a car model that has an advanced theft prevention system can earn a premium discount. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft.

Insurance loss probability for a Subaru Legacy – Insurance companies study historical loss data in order to profitably underwrite each model. Models that the data shows to have higher frequency or amount of claims will have higher premium rates.

The table below illustrates the insurance loss data for Subaru Legacy vehicles. For each insurance policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers that are below 100 suggest losses that are better than average, while percentages above 100 indicate more frequent claims or tendency to have larger claims.

Car insurance agents are trained to help

Many people would prefer to visit with an insurance agent and there is nothing wrong with that. One of the best bonuses of comparing auto insurance online is you may find better rates but still work with a licensed agent. Putting coverage with local agencies is important particularly in Memphis.

By using this quick form, your information is immediately sent to companies in Memphis who will return price quotes and help you find cheaper coverage. You won’t even need to leave your computer because quoted prices will be sent immediately to you. You can find the lowest rates and a licensed agent to work with. If you have a need to compare rates from a particular provider, just jump over to their website and complete a quote there.

If you are wanting to purchase auto insurance from a reliable insurance agent, it helps to know the two types of insurance agents and how they can service your needs differently. Agencies in Memphis are either independent or exclusive.

Independent Auto Insurance Agents

Independent agencies can quote rates with many companies and that allows them to write policies with any number of different companies and find the cheapest rate. If you are not satisfied with one company, your agent can switch companies and you can keep the same agent.

When searching for an agent, it’s recommended you include a few independent agents to get the best comparison. Most can insure with companies you’ve never heard of which could offer lower prices.

The following is a list of independent insurance agencies in Memphis that may be able to give pricing information.

• Lipscomb and Pitts Insurance LLC
  2670 Union Ave – Memphis, TN 38112 – (901) 321-1000 – View Map
• Oseman Insurance Agency
  6750 Poplar Ave #410 – Memphis, TN 38138 – (901) 562-0151 – View Map
• Nationwide Insurance: The James Agency LLC
  4778 Summer Ave Ste 1 – Memphis, TN 38122 – (901) 266-5507 – View Map

More Memphis agents

Exclusive Insurance Agents

Agents that choose to be exclusive work for only one company and examples are Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so you need to shop around if the rates are high. They are well trained on their company’s products which helps them compete with independent agents. Consumers often use the same agent mainly due to the prominence of the brand and the convenience of having all coverages with one company.

Listed below is a list of exclusive insurance agents in Memphis willing to provide price quotes.

• Derrick Hodges – State Farm Insurance Agent
  7249 Winchester Rd – Memphis, TN 38125 – (901) 572-1985 – View Map
• Farmers Insurance: Candace Hall
  1444 E Shelby Dr #329 – Memphis, TN 38116 – (901) 345-2615 – View Map
• Mike Fay – State Farm Insurance Agent
  6263 Poplar Ave #535 – Memphis, TN 38119 – (901) 682-8700 – View Map

More Memphis agents

Finding the right car insurance agent should depend on more than just a cheap price quote. Here are some questions you might want to ask.

• Does their agency support local causes in Memphis?
• Are claim adjusters local or do you have to take your car somewhere else?
• If you raise deductibles, how much can you save?
• Do the companies they represent have a solid financial rating?
• How is replacement cost determined on your vehicle?
• Does the agency have a positive business rating?

Shop around and save

Some insurance companies may not have internet price quotes and these smaller companies prefer to sell through independent agents. Affordable Subaru Legacy insurance in Memphis can be sourced both online and with local Memphis insurance agents, and you need to comparison shop both in order to have the best chance of saving money.

In this article, we presented a lot of tips how to compare Subaru Legacy insurance car insurance rates in Memphis. The most important thing to understand is the more quotes you get, the better likelihood of getting cheaper Memphis car insurance quotes. Drivers may even discover the most savings is with a company that doesn’t do a lot of advertising.

Consumers change insurance companies for a number of reasons such as an unsatisfactory settlement offer, being labeled a high risk driver, lack of trust in their agent or unfair underwriting practices. It doesn’t matter why you want to switch choosing a new company is actually quite simple.

Steps to buying affordable Subaru Legacy insurance in Memphis

To save the most money, the best way to find lower priced car insurance rates is to start comparing prices yearly from different companies that sell auto insurance in Memphis.

• Step 1: Read and learn about what coverages are included in your policy and the changes you can make to prevent rate increases. Many policy risk factors that are responsible for high rates such as high-risk driving behaviors and an unacceptable credit rating can be controlled by making lifestyle changes or driving safer.
• Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers.
• Step 3: Compare the new rate quotes to your current policy premium to see if cheaper Legacy coverage is available. If you find a lower rate and buy the policy, ensure there is no coverage lapse between policies.
• Step 4: Provide proper notification to your current company to cancel your current car insurance policy and submit payment and a completed application to the new company. As soon as you have the new policy, put the certificate verifying proof of insurance in a readily accessible location in your vehicle.

A good tip to remember is to try to use identical deductibles and limits on every quote request and and to get price estimates from as many different companies as possible. This ensures a level playing field and many rates to choose from.

Helpful resources

• Credit Impacts Car Insurance Rates (State Farm)
• Who Has Affordable Car Insurance Quotes for Felons in Memphis? (FAQ)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• Electronic Stability Control FAQ (iihs.org)
• Neck Injury FAQ (iihs.org)