Are you researching low-cost Lincoln LS insurance in Memphis? Having to pay for overpriced Lincoln LS insurance in Memphis can overdraw your personal savings and possibly require postponing other expenditures.
Unbelievable but true according to a study 70% of consumers have bought auto insurance from the same company for well over three years, and practically 40% of auto insurance customers have never even shopped around for cheap coverage. The average driver in Memphis can save 35% each year by just comparing rate quotes, but they don’t know how much money they would save if they moved their coverage to a different company.
Steps to buying affordable Lincoln LS insurance in Memphis
Really, the only way to get cheaper Lincoln LS insurance in Memphis is to compare quotes once a year from insurers who sell insurance in Tennessee.
Step 1: Spend some time learning about the different coverages in a policy and the things you can control to prevent expensive coverage. Many rating criteria that are responsible for high rates like speeding and a not-so-good credit rating can be eliminated by making minor changes to your lifestyle. Keep reading for tips to help keep prices low and find overlooked discounts.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and State Farm, while independent agencies can provide price quotes for many different companies.
Step 3: Compare the price quotes to your existing coverage to see if cheaper LS coverage is available. If you can save some money and buy the policy, ensure there is no coverage lapse between policies.
Step 4: Give proper notification to your current agent or company to cancel your current auto insurance policy. Submit a completed policy application and payment to the new company. Be sure to store the proof of insurance certificate in a readily accessible location in your vehicle.
The critical component of shopping around is to use identical limits and deductibles on every price quote and and to get rates from as many companies as you can. Doing this provides a level playing field and a complete price analysis.
With so many online and local companies to choose from, it can be challenging to choose the most affordable auto insurance provider.
It’s important to price shop coverage periodically since rates tend to go up over time. If you had the lowest rate on Lincoln LS insurance in Memphis on your last policy there may be better deals available now. There is a lot of bad advice regarding LS insurance online, but by reading this article, you’re going to learn some good information on how to stop overpaying for insurance in Memphis.
This article’s goal is to introduce you to the best way to quote coverages and how you can save the most money. If you currently have car insurance, you will most likely be able to find better prices using the ideas presented in this article. But Tennessee drivers do need to know how insurance companies determine premium rates because rates are impacted by many factors.
Companies offering cheap Lincoln LS rate quotes in Memphis, TN
The companies in the list below provide price comparisons in Memphis, TN. If multiple companies are listed, we recommend you click on several of them to get the best price comparison.
Car insurance policy discounts you can’t miss
Car insurance companies do not advertise all their discounts in a way that’s easy to find, so the list below gives a summary of some of the more common and also the lesser-known credits available to lower your premiums when you buy Memphis car insurance online.
- Paper-free Discount – A few larger online companies will give you a small discount get Memphis car insurance over the internet.
- Bundled Policy Discount – When you combine your auto and homeowners insurance with the same company they may give you a discount of at least 10 to 15 percent or more.
- College Student Discount – Children who are enrolled in a college that is more than 100 miles from Memphis and leave their car at home may be insured at a cheaper rate.
- ABS Brakes – Cars that have steering control and anti-lock brakes prevent accidents so you can save 10 percent or more.
- Theft Deterrent – Anti-theft and alarm system equipped vehicles prevent vehicle theft so companies will give you a small discount.
- New Car Discount – Insuring a new LS can cost up to 25% less because new vehicles are generally safer.
- Responsible Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Driver Training Discounts – Successfully completing a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
A little disclaimer on discounts, most of the big mark downs will not be given to the whole policy. The majority will only reduce specific coverage prices like comprehensive or collision. If you do the math and it seems like you can get free auto insurance, car insurance companies aren’t that generous. Any qualifying discounts will reduce your premiums.
To view insurers who offer car insurance discounts in Memphis, click this link.
Buying auto insurance from Memphis insurance agents
Many people just want to talk to an insurance agent and that is OK! A nice benefit of price shopping on the web is that you can obtain the lowest rates and still choose a local agent. Buying from and supporting small agencies is important particularly in Memphis.
After filling out this short form, your insurance data gets sent to agents in your area who want to provide quotes to get your business. It’s much easier because you don’t need to search for any insurance agencies since rate quotes are delivered instantly to you. You can find better rates and a licensed agent to work with. If you need to compare rates from a specific company, don’t hesitate to jump over to their website and submit a quote form there.
The different types of auto insurance agents
If you would like to find a reliable agent, it helps to know the two different types of agents and how they can quote your rates. Agents in Memphis are considered either independent (non-exclusive) or exclusive.
Independent Agents (or Brokers)
These agents are not employed by any specific company so they can quote policies through many companies and help determine which has the cheapest rates. If your agent finds better pricing, an independent agent can move your coverage and you can keep the same agent. When searching for an agent, we highly recommend that you get rate quotes from several independent agencies to have the most options to choose from.
Below is a small list of independent insurance agents in Memphis who may provide cheap rate quotes.
Exclusive insurance agents generally can only insure with one company such as State Farm, Allstate, and Farm Bureau. These agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. These agents are well trained on the products they sell which helps them sell on service rather than price.
Below are exclusive agencies in Memphis who can help you get comparison quotes.
Barry Sanders – State Farm Insurance Agent
6060 Quince Rd – Memphis, TN 38119 – (901) 767-2001 – View Map
Picking the best auto insurance agent requires you to look at more than just a cheap quote. A good agent in Memphis will have answers to these questions.
- When do they do a full risk review?
- Is the coverage adequate for your vehicle?
- Do they have 24-hour customer assistance?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Can glass claims be handled at your home?
- Do they have cheaper tiers of coverage?
After you get acceptable answers to any questions you have in addition to an acceptable price estimate, you’ve probably found an auto insurance agent that will insure your vehicles.
Ratings for Tennessee car insurance companies
Selecting the highest-rated company is difficult considering how many choices you have in Tennessee. The company rank data listed below may help you pick which car insurance providers you want to consider when comparing rate quotes.
Top 10 Memphis Car Insurance Companies Overall
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Don’t give up on cheap coverage
The cheapest Lincoln LS insurance in Memphis is possible from both online companies in addition to many Memphis insurance agents, so you should compare both to have the best rate selection. A few companies do not offer online rate quotes and these smaller providers sell through independent agents.
We’ve covered quite a bit of information on how to save on Lincoln LS insurance in Memphis. It’s most important to understand that the more times you quote, the better likelihood of getting affordable Lincoln LS insurance quotes. You may even discover the best price on car insurance is with some of the smallest insurance companies. They often have lower premium rates on specific markets than the large multi-state companies such as State Farm and Allstate.
How to find cheaper quotes for Lincoln LS insurance in Memphis
The preferred way to find cheaper car insurance rates is to do a yearly price comparison from companies in Memphis. You can shop around by completing these steps.
Step 1: Try to comprehend policy coverages and the measures you can take to prevent rate increases. Many factors that increase rates such as inattentive driving and poor credit history can be amended by making small lifestyle or driving habit changes.
Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can quote prices from multiple companies.
Step 3: Compare the new rate quotes to your existing policy and see if you can save money. If you find better rates and buy the policy, make sure there is no coverage gap between policies.
The critical component of shopping around is that you use similar coverage information on each quote and and to compare all possible companies. This guarantees the most accurate price comparison and a good representation of prices.
More tips and info about car insurance is located in the articles below:
- Safety Features for Your New Car (State Farm)
- Who Has Cheap Memphis Auto Insurance Rates for a Ford Focus? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- Insurance Losses by Make and Model (iihs.org)
- Teen Driving Statistics (GEICO)
- Auto Insurance Facts and Statistics (Insurance Information Institute)