Best Insurance for a Jeep Patriot in Memphis

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A recent NerdWallet.com study revealed that the vast majority of car insurance customers renewed their policy with the same company for at least the last four years, and 38% of customers have never even compared rates from other companies. Consumers in Tennessee could save themselves nearly 35% a year just by shopping around, but they just don't understand how much they could save if they replace their high priced policy.

Discount Jeep Patriot insuranceThe preferred way to find cheaper Jeep Patriot insurance in Memphis is to compare quotes once a year from companies that sell auto insurance in Tennessee.

  1. Try to learn a little about the different coverages in a policy and the modifications you can make to prevent expensive coverage. Many rating factors that cause high rates such as your driving record and a negative credit history can be eliminated by making lifestyle changes or driving safer. Keep reading for information to help find cheaper rates and earn larger discounts.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can provide prices for many different companies. View companies
  3. Compare the new rate quotes to your existing coverage and see if there is a cheaper rate. If you can save some money and buy the policy, make sure coverage does not lapse between policies.
  4. Tell your current agent or company to cancel your current auto insurance policy and submit payment and a completed application to your new company or agent. Once the application is submitted, put the certificate of insurance above your visor, in the console, or in the glove compartment.

One thing to remember is to try to compare similar deductibles and liability limits on each price quote and and to get prices from as many companies as you can. Doing this guarantees a level playing field and a better comparison of the market.

Finding the cheapest insurance coverage in Memphis is not that difficult as long as you know where to start. Basically, everyone who carries insurance will probably find a lower-cost company. But Tennessee drivers benefit from understanding how the larger insurance companies market on the web because rates are impacted by many factors.

Best companies for affordable Jeep Patriot insurance in Tennessee

The companies shown below offer quotes in Tennessee. In order to find cheap car insurance in Memphis, TN, we recommend you click on several of them to get the cheapest price.

Coverage analysis

The coverage information below covers a range of insurance policy prices for Jeep Patriot models. Learning how rates are established can be of help when making decisions on the best policy coverages.

Jeep Patriot Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $118 $224 $350 $20 $104 $816 $68
Patriot Sport 4WD $118 $224 $350 $20 $104 $816 $68
Patriot Limited 2WD $136 $272 $350 $20 $104 $882 $74
Patriot Limited 4WD $136 $272 $350 $20 $104 $882 $74
Get Your Own Custom Quote Go

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium costs do not factor in Memphis location which can affect price quotes significantly.

How high should deductibles be?

One frequently asked question is which comprehensive and collision deductibles to buy. The following insurance rates highlight the rate differences when you choose different physical damage deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Jeep Patriot insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $194 $310 $288 $18 $86 $921 $77
Patriot Sport 4WD $194 $310 $288 $18 $86 $921 $77
Patriot Limited 2WD $224 $376 $288 $18 $86 $1,017 $85
Patriot Limited 4WD $224 $376 $288 $18 $86 $1,017 $85
Get Your Own Custom Quote Go
Jeep Patriot insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $158 $250 $288 $18 $86 $800 $67
Patriot Sport 4WD $158 $250 $288 $18 $86 $800 $67
Patriot Limited 2WD $182 $304 $288 $18 $86 $878 $73
Patriot Limited 4WD $182 $304 $288 $18 $86 $878 $73
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Estimates do not factor in Memphis location which can alter coverage rates substantially.

Based on this data, using a $250 deductible could cost the average driver approximately $11 more each month or $132 a year than requesting the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 23 months between claim filings, you would probably save some money if you decide on a higher deductible.

The diagram below highlights how deductible selection and can change Jeep Patriot premium costs for different ages of insureds. The rates are based on a single male driver, full coverage, and no discounts are applied to the premium.

Gender-based insurance rates

The example below visualizes the comparison of Jeep Patriot yearly insurance costs for male and female drivers. The prices are based on no accidents or driving violations, comp and collision included, $500 deductibles, drivers are single, and no additional discounts are factored in.

Get lower-cost Jeep Patriot insurance in Memphis with discounts

Car insurance is not cheap, but companies offer discounts that you may not know about. Certain credits will be shown at quote time, but occasionally some discounts must be asked for prior to receiving the credit.Car insurance discounts

  • ABS Brakes - Cars and trucks that have anti-lock braking systems are much safer to drive so you can save 10 percent or more.
  • Multi-car Discount - Insuring all your vehicles on a single policy could earn a price break for each car.
  • Bundle and Save - If you have multiple policies and insure them with the same company you will save over 10 percent off each policy depending on the company.
  • Online Discount - Certain insurance companies will provide an incentive just for signing your application on their website.
  • Government Employees - Active or retired federal employment can save as much as 8% with some car insurance companies.
  • Air Bag Discount - Cars that have air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Defensive Driver Discount - Participating in a driver safety course can save you 5% or more if you qualify.

As is typical with insurance, most discounts do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears you can get free auto insurance, it's just not the way it works.

The chart below illustrates the difference between Jeep Patriot auto insurance rates with and without discounts applied to the rates. The premiums are based on a female driver, a clean driving record, no claims, 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 homeowner, multi-car, marriage, multi-policy, claim-free, and safe-driver discounts applied.

Larger car insurance companies and a partial list of their discounts include:

  • State Farm includes discounts for student away at school, Drive Safe & Save, defensive driving training, Steer Clear safe driver discount, and multiple autos.
  • Progressive offers premium reductions for continuous coverage, online quote discount, homeowner, good student, online signing, and multi-vehicle.
  • Travelers has savings for early quote, IntelliDrive, good student, student away at school, and driver training.
  • American Family may offer discounts for multi-vehicle, TimeAway discount, early bird, good driver, Steer into Savings, and bundled insurance.
  • Liberty Mutual discounts include new vehicle discount, teen driver discount, multi-car, new move discount, new graduate, exclusive group savings, and preferred payment discount.

Before purchasing a policy, check with each company or agent which discounts they offer. A few discounts may not be available in Memphis. To choose providers who offer discounts in Memphis, click this link.

Informed Drivers Know How to Find Insurance for Less

The best way to find cheaper insurance is to take a look at some of the elements that go into determining insurance rates. When consumers understand what influences your rates, this helps enable you to make changes that could help you find lower insurance prices.

Listed below are a few of the things utilized by car insurance companies to help set prices.

Don't skimp on liability insurance - Your policy's liability coverage kicks in in the event that you are responsible for damages caused by your negligence. Liability provides you with a defense in court which can be incredibly expensive. It is affordable coverage compared to comp and collision, so do not skimp.

Your address can affect price - Being located in less populated areas has definite advantages when shopping for auto insurance. Less people living in that area translates into fewer accident claims as well as less vandalism and auto theft. People who live in big cities have congested traffic and a longer drive to work. The longer drive time means higher likelihood of an accident.

Increase coverage deductibles and save - The deductibles you choose tell how much you are required to spend out-of-pocket if a claim is determined to be covered. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of covered claims are a windshield broken by a bird, damage caused by hail, and damage from wind. The more expense you pay before a claim is paid (deductible), the less your company will charge you for insurance.

How many coverages with the same company - Most insurance companies apply better rates to policyholders who buy several policies from them, otherwise known as a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. Even with this discount, it's always a smart idea to get quotes from other companies to ensure the best deal.

Get married and get cheaper premiums - Walking down the aisle may save some money on your insurance policy. Having a significant other generally demonstrates drivers are more mature and statistics prove married couples file fewer claims.

Your occupation is a factor - Do you have a high-stress occupation? Occupational choices like lawyers, police officers, and emergency personnel generally have higher premium rates due to intense work situations and long work hours. On the flip side, jobs such as farmers, athletes and performers pay the least.

Insurance loss data for Jeep Patriot vehicles - Companies take into consideration historical loss data for every vehicle when setting premium prices. Models that are shown to have higher prevalence or dollar amount of losses will be charged more to insure. The table below illustrates the compiled insurance loss statistics for Jeep Patriot vehicles.

For each type of coverage, the claim probability for all vehicles, regardless of make or model, is considered to be 100. Percentage values below 100 suggest a better than average loss history, while numbers above 100 indicate more frequent losses or an increased chance of larger losses than average.

Jeep Patriot Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Patriot 4dr 2WD 80 139 65 123 121 140
Jeep Patriot 4dr 4WD 73 121 67 98 100 111
BETTER
AVERAGE
WORSE

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

When in doubt talk to an agent

When quoting and comparing the best auto insurance coverage for your vehicles, there really is no perfect coverage plan. Every insured's situation is different and a cookie cutter policy won't apply.Auto insurance savings For example, these questions could help you determine whether or not you will benefit from professional help.

  • Do they offer discounts for home and auto coverage?
  • Why am I required to get a high-risk car insurance policy?
  • Exactly who is provided coverage by my policy?
  • Should I carry comprehensive and collision coverage?
  • Is a fancy paint job covered?
  • Why are teen drivers so expensive to add on to my policy?
  • What is the difference between comprehensive and collision coverage?
  • Should I buy more coverage than the required Tennessee minimum liability coverage?
  • Do I pay less for low miles?

If you don't know the answers to these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Local Memphis car insurance agents

Some people would prefer to go talk to an agent and that can be a great decision One of the great benefits of getting online price quotes is the fact that drivers can get better rates and still choose a local agent.

Insurance agents in MemphisAfter completing this form (opens in new window), your coverage information is sent to insurance agents in Memphis who will give you quotes for your auto insurance coverage. You won't even need to search for an agent as quotes are delivered to you directly. Get lower rates and a licensed agent to work with. If you need to compare rates from a specific company, you just need to visit that company's website and give them your coverage information.

Finding a good company should include more criteria than just the quoted price. These are valid questions to ask:

  • How does the company pay claims for a total loss?
  • Is there a 24/7 contact number?
  • Are they in the agency full-time?
  • Are there any discounts for paying up front?
  • How often do they review policy coverages?

Different types of Memphis car insurance agents

If you would like to find a reputable agency, you must know there are a couple types of agencies and how they function. Auto insurance policy providers are either independent or exclusive depending on the company they work for.

Exclusive Auto Insurance Agents

Agents in the exclusive channel can only provide pricing for a single company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide other company's prices so keep that in mind. These agents are trained well in insurance sales and that enables them to sell even at higher rates. Some people will only purchase coverage from exclusives mainly due to loyalty to the company and strong financial ratings.

Listed below are exclusive insurance agents in Memphis willing to provide comparison quotes.

More Memphis agents

Independent Agencies or Brokers

These type of agents are not restricted to one company and that is an advantage because they can write policies with an assortment of companies and find the cheapest auto insurance rates. If you want to switch companies, they simply switch companies in-house which is easy for the insured. When comparing auto insurance prices, it's recommended you get some free quotes from at least one independent agent in order to compare the most rates. Many independent agencies also insure through smaller regional carriers that can offer cheaper rates than bigger companies.

Shown below are Memphis independent agencies willing to provide price quote information.

More Memphis agents

Smart shoppers get results

We just covered a lot of information how to find lower-cost Jeep Patriot insurance in Memphis. It's most important to understand that the more you quote Memphis auto insurance, the better chance you'll have of finding low cost Memphis auto insurance quotes. Consumers could even find that the lowest premium rates come from a smaller regional carrier. These smaller insurers can often provide lower prices in certain areas compared to the large companies like Progressive and GEICO.

Budget-friendly auto insurance in Memphis is available online in addition to many Memphis insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and most of the time these smaller providers sell through local independent agencies.

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