How to Save on Memphis Dodge Charger Insurance

It’s an obvious assumption that auto insurance companies don’t want you to look at other companies. Insureds who get comparison quotes once a year are inclined to buy a new policy because of the good chance of finding better rates. A survey found that consumers who compared price quotes annually saved about $860 a year compared to other drivers who don’t make a habit of comparing rates.

If finding the best price on insurance in Memphis is the reason for your visit, then having some knowledge of how to compare auto insurance can make the process less intimidating.

It takes a little time, but the best way to find affordable auto insurance rates in Memphis is to start comparing rates regularly from insurance carriers in Tennessee. Prices can be compared by completing these steps.

• Step 1: Read and learn about how insurance companies determine prices and the modifications you can make to prevent high rates. Many things that cause high rates such as at-fault accidents and a negative credit history can be amended by making minor changes in your lifestyle.
• Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of companies. View a list of agents
• Step 3: Compare the new rates to your existing coverage and determine if cheaper Charger coverage is available. If you find a lower rate and make a switch, make sure coverage is continuous and does not lapse.

One piece of advice is that you’ll want to make sure you compare similar limits and deductibles on each price quote and and to get price estimates from as many different insurance providers as possible. This provides a level playing field and plenty of rates choose from.

If you have car insurance now, you will be able to find better prices using the following tips. Finding the cheapest car insurance coverage in Memphis can be made easier if you know where to look. Although Tennessee car owners do need to understand how the larger insurance companies sell insurance online because rates fluctuate considerably.

Save a ton by taking advantage of these six discounts

Car insurance can cost a lot, but discounts can save money and there are some available that can help lower your rates. Certain reductions will be credited at the time of quoting, but lesser-known reductions have to be specifically requested before you will receive the discount.

• Student Discount for Driver Training – Have your child complete a driver education course as it will make them better drivers and lower rates.
• Smart Student Discounts – Maintaining excellent grades can save 20 to 25%. Earning this discount can benefit you until age 25.
• Braking Control Discount – Anti-lock brake equipped vehicles have fewer accidents and earn discounts up to 10%.
• Discount for Life Insurance – If the company offers life insurance, you could get better car insurance rates if you take out a life policy as well.
• Responsible Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates as compared to drivers with claims.
• Renewal Discounts – A few car insurance companies allow discounts for switching to them prior to your current Charger insurance policy expiration. It can save you around 10%.

As is typical with insurance, most discount credits are not given to your bottom line cost. Most only cut specific coverage prices like physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, you’re out of luck. Any qualifying discounts will definitely lower your car insurance premiums.

The illustration below illustrates the difference between Dodge Charger annual premium costs with and without discounts. The prices are based on a female driver, no claims or driving citations, Tennessee state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, multi-policy, marriage, and safe-driver discounts applied.

To see car insurance companies with discount rates in Memphis, click here to view.

The quickest method to compare insurance rates in your area utilizes the fact all the major auto insurance companies pay for the opportunity to give rate comparisons. To start a quote, the only thing you need to do is provide information such as whether the vehicles are used for commuting, driver ages, whether your vehicle is owned or leased, and if you require a SR-22. That rating information is instantly submitted to multiple companies and you will get price comparisons very quickly.

To check Dodge Charger insurance prices now, click here then complete the form.

The following companies are ready to provide free rate quotes in Memphis, TN. To get the cheapest car insurance in Tennessee, we recommend you get rate quotes from several of them to get the cheapest price.

Auto insurance statistics and figures

The information shown below highlights different prices for Dodge Charger models. Knowing how insurance prices are established is important for you to make decisions on which insurance to purchase.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in your specific Memphis location which can change premium rates noticeably.

Higher deductibles save money

The hardest decision when buying coverage is where should you set your physical damage deductibles. The data tables below show the rate difference when you buy lower versus higher deductibles. The first rate table uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Table 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, multi-vehicle, safe-driver, and claim-free. Information does not factor in zip code location which can raise or lower rates greatly.

Based on these figures, using a $250 deductible will cost you roughly $26 more each month or $312 each year than opting for the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 29 months between claim filings, you would probably be better off if you opt for a higher deductible.

The information below demonstrates how deductibles and can affect Dodge Charger insurance costs for each age group. The premium estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.

Dodge Charger insurance costs by age and gender

The example below illustrates the comparison of Dodge Charger insurance premiums for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, single status, and no discounts are factored in.

Buying auto insurance from Memphis insurance agents

Many people prefer to get advice from a local agent and doing so can bring peace of mind One of the best bonuses of comparing rate quotes online is you can get lower rates and still have a local agent. And buying from neighborhood insurance agencies is still important in Memphis.

By using this simple form, your information is sent to local insurance agents in Memphis that provide free Memphis car insurance quotes to get your business. You don’t have to visit any agencies due to the fact that quote results will go to you instantly. You’ll get the best rates without the usual hassles of price shopping. If you need to get a rate quote from a specific insurance company, you just need to visit that company’s website and fill out their quote form.

If you prefer to buy auto insurance from a local agent, it’s important to understand the different types of agents to choose from. Auto insurance policy providers are categorized either independent or exclusive.

Independent Agencies or Brokers

Independent agencies can quote rates with many companies so they can quote policies with many different companies and find the cheapest rate. If they find a lower price, the agent simply finds a different carrier and you don’t have to find a new agent.

If you are comparing auto insurance prices, you will definitely want to get several quotes from a few independent agents to have the best price comparison.

Below is a list of independent insurance agencies in Memphis that can possibly get you pricing information.

More insurance agents

Exclusive Agents

These agents can only provide one company’s prices and examples are Farmers Insurance and State Farm. Exclusive agencies are unable to give you multiple price quotes so always compare other rates. Exclusive agencies are well schooled on what they offer which helps them compete with independent agents.

The following are exclusive insurance agencies in Memphis who can help you get comparison quotes.

More insurance agents

Deciding on an insurance agency requires you to look at more than just a cheap price. These are valid questions to ask:

• Do you work with a CSR or direct with the agent?
• Do you qualify for any additional discounts?
• How long has the business existed?
• Is vehicle damage repaired with OEM or aftermarket parts?
• Do they regularly work with personal auto policies in Memphis?
• Do they make recommendations based only on price?
• How much will you save each year by using a higher deductible?
• Is the quote a firm price?

Once you have received good feedback to all your questions in addition to an acceptable price estimate, you may have found an insurance agency that meets the criteria to properly insure your vehicles.

Auto insurance is not optional

Despite the high cost, auto insurance is most likely required but also gives you several important benefits.

• Most states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability coverage if you drive a 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.
• If your Dodge has a loan, it’s most likely the lender will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank will be required to insure your Dodge at a much higher rate and require you to fork over for it.
• Insurance protects not only your Dodge but also your assets. Insurance will pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of buying auto insurance more than cancel out the cost, particularly if you ever have a claim. As of last year, the average driver in Tennessee overpays more than $865 each year so it’s recommended you shop around every year to make sure the price is not too high.

Coverages available on your policy

Having a good grasp of insurance helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages available from insurance companies.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a deer, theft, damage from a tornado or hurricane and a broken windshield. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance

This protects you from injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/15 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $15,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as legal defense fees, medical services and bail bonds. How much coverage you buy is up to you, but consider buying as high a limit as you can afford. Tennessee requires minimum liability limits of 25/50/15 but drivers should carry more liability than the minimum.

The next chart shows why low liability limits may not be adequate.

Coverage for collisions

This coverage pays for damage to your Charger caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, sustaining damage from a pot hole, colliding with another moving vehicle and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible on your Charger in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses like nursing services, doctor visits, dental work and ambulance fees. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your Dodge Charger.

Since a lot of drivers have only the minimum liability required by law (Tennessee limits are 25/50/15), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Usually these coverages are similar to your liability insurance amounts.

How to find a good Memphis car insurance company

Insuring your vehicle with a highly-rated car insurance company can be difficult considering how many companies provide coverage in Tennessee. The company information displayed below could help you decide which insurers to look at purchasing a policy from.

Top 10 Memphis Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. Erie Insurance
9. Esurance
10. The General

You can lower your auto insurance rates

Lower-priced auto insurance in Memphis can be found from both online companies as well as from insurance agents, so you need to quote Memphis car insurance with both to have the best selection. Some auto insurance companies may not provide the ability to get quotes online and many times these regional insurance providers sell through local independent agents.

When you buy Memphis car insurance online, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where an insured cut uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to find the BEST coverage at a price you can afford while not skimping on critical coverages.

We’ve covered a lot of tips how to find affordable Dodge Charger insurance in Memphis. The most important thing to understand is the more you quote Memphis car insurance, the higher the chance of saving money. Consumers could even find that the lowest rates are with the least-expected company. These smaller insurers may only write in your state and offer lower car insurance rates compared to the large companies like Allstate and Progressive.

To learn more, link through to these articles:

• Things to Know Before you Cancel Insurance (Allstate)
• What Car Insurance is Cheapest for Immigrants in Memphis? (FAQ)
• What Insurance is Cheapest for Inexperienced Drivers in Memphis? (FAQ)
• Older Driver Statistics (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)