Mitsubishi Lancer Insurance Rate Quotes in Memphis

Astonishing but true, most auto insurance policyholders in Tennessee have purchased from the same company for more than four years, and just short of a majority have never compared auto insurance rates at all. With the average auto insurance premium being $1,847, American drivers could save nearly $850 a year just by comparing rates, but most just don’t grasp how much they could save if they bought a different policy.

If you want to save the most money, the best way to find the cheapest price for car insurance rates in Memphis is to regularly compare price quotes from companies who sell auto insurance in Tennessee. Price quotes can be compared by following these steps.

• Step 1: Gain an understanding of auto insurance and the measures you can take to prevent expensive coverage. Many factors that cause high rates like multiple speeding tickets and an unfavorable credit rating can be eliminated by making minor changes in your lifestyle.
• Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while independent agents can give you price quotes for a wide range of insurance providers.
• Step 3: Compare the new rates to your current policy premium and see if you can save money. If you find a lower rate quote and make a switch, make sure coverage does not lapse between policies.

An important note is to make sure you’re comparing similar deductibles and liability limits on each quote request and and to get rates from as many carriers as you can. Doing this ensures an accurate price comparison and many rates to choose from.

The purpose of this post is to introduce you to how auto insurance companies operate and also pocket some savings If you’re already insured, you should be able to lower your rates using the techniques covered below. But Tennessee consumers need to have an understanding of how companies sell insurance online because rates fluctuate considerably.

Best companies for low-cost Mitsubishi Lancer insurance in Tennessee

The companies shown below are our best choices to provide price quotes in Tennessee. If you want to find cheaper car insurance in Memphis, TN, it’s highly recommended you visit as many as you can to get the best price comparison.

Mitsubishi Lancer insurance charts and tables

The coverage information displayed below highlights estimates of coverage costs for Mitsubishi Lancer models. Learning more about how rates are determined is important for making smart choices when choosing a car insurance company.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Prices do not factor in specific Memphis garaging location which can alter coverage rates noticeably.

Should you raise deductibles?

When comparing insurance rates, the most common question is how high or low should comp and collision deductibles be. The rates shown below can help illustrate the differences in price when you buy lower versus higher deductibles. The first table uses a $100 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in your specific Memphis location which can modify auto insurance rates greatly.

Based on the above data, using a $100 deductible will cost you approximately $37 more each month or $444 annually than quoting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 24 months between claim filings, you would more than likely save some money if you choose the higher deductible.

The information below highlights how deductible choice and can affect Mitsubishi Lancer insurance costs for each age group. The price estimates are based on a single female driver, full coverage, and no policy discounts are applied.

Bad driving habits will cost you more

The diagram below demonstrates how citations and at-fault accidents drive up Mitsubishi Lancer auto insurance costs for different age groups. The premiums assume a single male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Discounts for lower-cost car insurance quotes

Car insurance companies don’t always list every discount they offer very clearly, so we break down a few of the more common as well as the least known credits that you can use to lower your rates.

• Clubs and Organizations – Joining a qualifying organization can get you a small discount on your bill.
• Discount for Good Grades – Being a good student can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
• Life Insurance – Insurance carriers who offer life insurance give a discount if you purchase life insurance.
• Telematics Data Discounts – Insureds who allow their car insurance company to analyze driving patterns through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks as long as the data is positive.
• Bundled Policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of approximately 10% to 15%.
• Use Seat Belts – Drivers who require all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) off the personal injury premium cost.
• Defensive Driver Discount – Passing a course in driver safety could possibly earn you a 5% discount and easily pay for the cost of the class.

Remember that most credits do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

The illustration below illustrates the comparison of Mitsubishi Lancer insurance costs with and without discounts applied to the premium. Data assumes a male driver, a clean driving record, no claims, 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 homeowner, safe-driver, marriage, claim-free, multi-policy, and multi-car discounts applied.

Large car insurance companies and their possible discounts include:

• 21st Century may offer discounts for teen driver, theft prevention, homeowners, air bags, driver training, anti-lock brakes, and 55 and older.
• State Farm offers discounts for student away at school, Drive Safe & Save, multiple policy, good student, and defensive driving training.
• AAA offers discounts including multi-car, education and occupation, pay-in-full, anti-theft, multi-policy, and good driver.
• Liberty Mutual offers premium reductions for new vehicle discount, good student, safety features, hybrid vehicle, and teen driver discount.
• Progressive policyholders can earn discounts including continuous coverage, homeowner, multi-policy, good student, online signing, multi-vehicle, and online quote discount.

If you are trying to find affordable Memphis car insurance quotes, ask every company how you can save money. Discounts may not be available everywhere.

Your situation helps dictate your coverage

When selecting adequate coverage, there really is no “perfect” insurance plan. Your situation is unique.

Here are some questions about coverages that might point out whether or not you would benefit from an agent’s advice.

• Is there coverage for my trailer?
• Is there coverage for injuries to my pets?
• What are the financial responsibility laws in my state?
• How much liability insurance is required?
• What if a claim settlement is too low?
• Can I afford to pay high deductible claims out of pocket?
• Do I need PIP (personal injury protection) coverage in Tennessee?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Are auto insurance agents a thing of the past?

A lot of people still like to sit down and talk to an agent. One of the benefits of getting free rate quotes online is you may find better rates and still choose a local agent. Putting coverage with local agencies is especially important in Memphis.

Upon completion of this short form, the quote information is immediately sent to agents in your area that can give you free Memphis car insurance quotes for your insurance coverage. There is no reason to drive around since price quotes are sent to you instantly. It’s the lowest rates without the usual hassles of price shopping. In the event you want to get a rate quote from a particular provider, just go to their quote page and fill out their quote form.

Choosing a insurance company needs to be determined by more than just a cheap price quote. The answers to these questions are important, too.

• Are you getting all the discounts the company offers?
• Does the agency provide any after hours assistance?
• How experienced are they in personal risk management?
• Do they make recommendations based only on price?
• What is their Better Business Bureau rating?
• Can they help ensure a fair claim settlement?
• Will your rates increase after a single accident?
• Where would your vehicle be repaired?

Cheaper insurance premiums are possible

As you prepare to switch companies, you should never skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced liability coverage limits to discover at claim time that it was a big error on their part. The goal is to purchase a proper amount of coverage at an affordable rate, but don’t skip important coverages to save money.

Cheaper insurance in Memphis can be found on the web and from local insurance agents, so you need to shop Memphis car insurance with both in order to have the best price selection to choose from. Some insurance companies do not provide rates over the internet and these regional carriers provide coverage only through local independent agencies.

Consumers switch companies for a number of reasons such as delays in paying claims, policy cancellation, policy non-renewal and delays in responding to claim requests. No matter why you want to switch, finding a new company is not as difficult as it may seem.

More detailed insurance information is available at these sites:

• Auto Theft Statistics (Insurance Information Institute)
• How Much are Memphis Car Insurance Rates for a Honda Civic? (FAQ)
• Older Drivers FAQ (iihs.org)
• Vehicle Insurance (Wikipedia)
• Child Safety Seats (Insurance Information Institute)