How to Compare Memphis Toyota Rav4 Insurance

A recent study showed that the vast majority of drivers have been with the same company for more than four years, and roughly 40% of drivers have never even shopped around for affordable coverage. Drivers in Tennessee could save almost $475 a year just by comparing rates, but they just assume it’s a time-consuming process to find affordable insurance by shopping around.

Insurance for Toyota Rav4Truthfully, the best way to get cheaper car insurance rates in Memphis is to do an annual price comparison from insurance carriers in Tennessee. You can shop around by following these steps.

Step 1: Spend a few minutes and learn about the coverage provided by your policy and the measures you can take to prevent rate increases. Many rating factors that drive up the price like distracted driving and a less-than-favorable credit rating can be rectified by making minor changes in your lifestyle.

Step 2: Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies.

Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper price is available. If you find a better price and switch companies, ensure coverage does not lapse between policies.

An important bit of advice to remember is that you’ll want to make sure you compare identical deductibles and limits on every price quote and and to get rates from as many companies as you can. This provides an accurate price comparison and maximum price selection.

The companies in the list below are our best choices to provide free quotes in Tennessee. If you want cheaper car insurance in Tennessee, we suggest you get rate quotes from several of them to find the most affordable car insurance rates.

Auto insurance discounts help lower rates for Toyota Rav4 insurance in Memphis

Auto insurance companies don’t necessarily list all available discounts in a way that’s easy to find, so the following is a list of both the well known as well as the least known discounts you could be receiving when you buy Memphis auto insurance online.Discount auto insurance

Don’t be shocked that many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as comp or med pay. Even though the math looks like all the discounts add up to a free policy, companies don’t profit that way.

The diagram below shows the comparison of Toyota Rav4 car insurance costs with and without some available policy discounts. The premiums are based on a female driver, a clean driving record, no claims, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, safe-driver, homeowner, and marriage discounts applied.

A few of the larger companies and some of the premium reductions they offer include:

It’s a good idea to ask every insurance company how many discounts you can get. Savings may not apply in Memphis.

Statistics and details

The premium table below highlights estimates of insurance costs for Toyota Rav4 models. Having insight into how insurance premiums are figured can assist in making smart buying decisions.

Toyota Rav4 Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Sport 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Sport 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 2WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Sport 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Sport 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 4WD $174 $342 $376 $22 $112 $1,026 $86
RAV4 Limited 2WD $174 $342 $376 $22 $112 $1,026 $86
Get Your Own Custom Quote Go

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Information does not factor in vehicle location which can lower or raise prices significantly.

Difference between liability only and full coverage rates

The example below shows the comparison of Toyota Rav4 auto insurance rates with and without physical damage coverage. The rate quotes are based on no claims or driving violations, $500 deductibles, marital status is single, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no set guideline to drop full coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s pretend your Toyota Rav4 settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after the deductible is paid. If it’s costing you more than $500 annually for full coverage, then it could be time to drop full coverage.

There are some conditions where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.

Exclusive or independent insurance agents

A lot of people just want to go talk to an agent and there is nothing wrong with that. Agents can answer important questions and help you file claims. The biggest benefit of getting free rate quotes online is that you can obtain cheap insurance rates and still have an agent to talk to. And providing support for neighborhood insurance agencies is especially important in Memphis.

For easy comparison, once you complete this quick form, your information is submitted to insurance agents in Memphis who will gladly provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to contact any agents since price quotes are sent to your email. If you wish to compare rates from a specific insurance company, don’t hesitate to jump over to their website and fill out the quote form the provide.

Exclusive agents vs. Independent agents

If you want a reliable agent, there are a couple of types of insurance agents to choose from. Insurance policy providers can be classified as either exclusive agents or independent agents. Either one can insure your vehicles, but it’s worth mentioning the differences because it may have an impact on which type of agent you select.

Independent Insurance Agents

Agents that choose to be independent can quote rates with many companies so they can insure your vehicles through lots of different companies depending on which coverage is best. If they quote lower rates, an independent agent can move your coverage which requires no work on your part. If you need lower rates, it’s a good idea to include rate quotes from a couple of independent agencies to have the most options to choose from.

The following is a partial list of independent insurance agents in Memphis that may be able to provide comparison quotes.

5986 Knight Arnold RdMemphis, TN 38115(901) 362-0545View Map

2670 Union AveMemphis, TN 38112(901) 321-1000View Map

5495 Winchester Rd Suite 3Memphis, TN 38115(901) 362-6052View Map

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Exclusive Agents

These agents can only quote rates from one company like State Farm, AAA, and Liberty Mutual. These agents are not able to provide rate quotes from other companies so it’s a take it or leave it situation. Exclusive insurance agents are well schooled on what they offer which helps offset the inability to provide other markets.

Shown below are Memphis exclusive insurance agents that are able to give rate quotes.

7249 Winchester RdMemphis, TN 38125(901) 572-1985View Map

4285 Elvis Presley BlvdMemphis, TN 38116(901) 346-0300View Map

53 Monroe AveMemphis, TN 38103(901) 235-9315View Map

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Picking the best car insurance agent is decision based upon more than just a low price. The answers to these questions are important, too.

After receiving acceptable answers to any questions you may have and locked in a price quote, most likely you have located an insurance agent that will insure your vehicles.

Memphis Insurance Premiums are Influenced by These Factors

It’s important that you understand some of the elements that help determine insurance rates. If you know what determines premiums, this enables you to make decisions that could help you find much lower annual insurance costs. Many different elements are used in the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, although others are not as apparent such as your credit history or your commute time.

Listed below are some of the factors used by companies to determine your prices.

Auto insurance does more than just protect your car

Even though it can be expensive, buying auto insurance is a good idea for several reasons.

The benefits of having auto insurance greatly outweigh the cost, particularly for liability claims. Despite what companies tell you, the average driver overpays more than $800 each year so smart consumers compare quotes at every renewal to ensure rates are inline.

Which auto insurance company is best in Memphis?

Choosing a highly-rated car insurance provider is difficult considering how many different insurance companies sell coverage in Memphis. The ranking data in the next section can help you decide which auto insurers to look at shopping your coverage with.

Top 10 Memphis Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. GEICO
  6. Liberty Mutual
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. Titan Insurance

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

One last thing to lower rates

We’ve covered many tips how you can get a better price on Toyota Rav4 insurance in Memphis. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. You may even be surprised to find that the best car insurance rates are with a small mutual company. Smaller companies may often insure only within specific states and give better rates than the large multi-state companies such as Allstate or State Farm.

When getting Memphis auto insurance quotes online, don’t be tempted to sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped liability limits or collision coverage and found out when filing a claim they didn’t have enough coverage. Your focus should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

More tips and info about auto insurance is located in these articles: