Cheap Insurance for a Nissan Sentra in Memphis

Insurance for Nissan SentraHow many times have you told yourself to find the cheapest Nissan Sentra insurance in Memphis? Searching for the cheapest insurance for a Nissan Sentra in Tennessee can normally be difficult, but you can learn the following methods to make it easier.

There are both good and bad ways to find insurance online so we’re going to tell you the proper way to price shop coverage on a Nissan and get the lowest price either online or from Memphis insurance agents.

Smart shoppers know that car insurance companies don’t want policyholders to shop around. Consumers who do rate comparisons are likely to buy a different policy because there is a good probability of finding a more affordable policy premium. A recent survey discovered that consumers who routinely shopped for cheaper coverage saved an average of $860 a year compared to policyholders who don’t regularly compare prices.

If finding discount rates on Nissan Sentra insurance in Memphis is your ultimate target, then learning about how to get price quotes and compare insurance can make it easier to shop your coverage around.

Nissan Sentra insurance quotes comparison

The companies shown below have been selected to offer price quotes in Memphis, TN. To buy cheap auto insurance in Memphis, TN, it’s highly recommended you compare several of them to get a more complete price comparison.

Analysis of Nissan Sentra rates

The price information shown next covers estimates of insurance costs for Nissan Sentra models. Having a better understanding of how policy premiums are determined can assist in making smart choices when buying a car insurance policy.

Nissan Sentra Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sentra 2 $136 $236 $378 $22 $114 $886 $74
Sentra 2.0 S $136 $278 $378 $22 $114 $928 $77
Sentra 2.0 SR $136 $278 $378 $22 $114 $928 $77
Sentra 2.0 SL $158 $278 $378 $22 $114 $950 $79
Sentra SE-R $158 $278 $378 $22 $114 $950 $79
Sentra SE-R SPEC V $158 $320 $378 $22 $114 $992 $83
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Table data does not factor in specific zip code location which can influence price quotes substantially.

How high should deductibles be?

One of the more difficult decisions when buying car insurance is how high should the physical damage deductibles be. The figures shown below show the rate differences between low and high comp and collision deductibles. The first rate quote example uses a $250 physical damage deductible and the second price grid uses a $500 deductible.

Nissan Sentra insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sentra 2 $194 $376 $288 $18 $86 $987 $82
Sentra 2.0 S $194 $444 $288 $18 $86 $1,055 $88
Sentra 2.0 SR $194 $444 $288 $18 $86 $1,055 $88
Sentra 2.0 SL $224 $444 $288 $18 $86 $1,085 $90
Sentra SE-R $224 $444 $288 $18 $86 $1,085 $90
Sentra SE-R SPEC V $224 $510 $288 $18 $86 $1,151 $96
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Nissan Sentra insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sentra 2 $158 $304 $288 $18 $86 $854 $71
Sentra 2.0 S $158 $358 $288 $18 $86 $908 $76
Sentra 2.0 SR $158 $358 $288 $18 $86 $908 $76
Sentra 2.0 SL $182 $358 $288 $18 $86 $932 $78
Sentra SE-R $182 $358 $288 $18 $86 $932 $78
Sentra SE-R SPEC V $182 $412 $288 $18 $86 $986 $82
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can affect coverage prices significantly.

Based on these figures, using a $250 deductible will cost you approximately $12 more each month or $144 each year than opting for the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 21 months between claim filings, you would come out ahead if you choose a higher deductible.

Insurance does more than just repair your car

Even though it can be expensive, insuring your vehicle may be required and benefits you in several ways.

First, almost all states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability insurance coverage if you don’t want to risk a ticket. 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.

Second, if you bought your car with a loan, it’s most likely the lender will have a requirement that you buy full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank will be required to insure your Nissan at an extremely high rate and force you to reimburse them the higher premium.

Third, insurance preserves not only your Nissan but also your assets. Insurance will also pay for all forms of medical expenses that are the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance definitely exceed the cost, specifically if you ever have a liability claim. An average driver in America is overpaying more than $865 each year so it’s important to compare rates at every policy renewal to make sure the price is not too high.

Decisions You Make Can Impact Your Insurance Prices

Multiple criteria are used when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, although others are more transparent such as whether you are married or how financially stable you are.

The itemized list below are some of the factors car insurance companies consider when setting premiums.

Stay claim-free and reduce prices – Car insurance companies in Tennessee give lower rates to people who do not rely on their insurance for small claims. If you file a lot of claims you can expect much higher rates or policy non-renewal. Your car insurance is intended for claims that you cannot pay yourself.

Good drivers pay less – Getting just one citation can bump up the cost forty percent or more. Careful drivers get better prices than bad drivers. Drivers with dangerous tickets such as DUI or reckless driving may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state in order to legally drive a vehicle.

The information below illustrates how traffic citations and accident claims impact Nissan Sentra annual premium costs for different age categories. The information is based on a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

Better premiums on cars with good safety ratings – Cars with high safety ratings cost less to insure. Safe vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims which can result in lower premiums.

Bundle home and auto and save – Lots of insurers will give a discount to buyers that have more than one policy. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s in your best interest to comparison shop to guarantee you are still saving the most. You may still be able to save even more than the discount by buying car insurance from a different company.

Type of car determines base costs – The performance of the car you need to insure makes a substantial difference in determining your rates. Low performance passenger models usually are quite affordable to insure, but the final cost of insurance is determined by many other factors.

The data below uses these assumptions: single male driver age 50, full coverage with $100 deductibles, and no discounts or violations. It compares Nissan Sentra insurance rates compared to other vehicles that have a range of risk factors.

Lower premiums with alarm systems – Selecting a car model that has a built-in theft deterrent system can help bring down rates. Advanced theft deterrents like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.

Responsible credit means lower rates – Having a bad credit rating factor in determining premium rates. So if your credit history can be improved, you could save money insuring your Nissan Sentra if you clean up your credit. Drivers who have excellent credit scores tend to be better drivers and file fewer claims than drivers who have poor credit scores.

Nissan Sentra claim probability – Auto insurance companies analyze the history of losses to help determine costs. Models that have a trend towards higher claims will have higher rates for specific coverages. The table below demonstrates the actual insurance loss data for Nissan Sentra vehicles.

For each coverage type, the statistical loss for all vehicles, as a total average, is represented as 100. Percentage numbers below 100 represent a good loss history, while numbers above 100 indicate a higher chance of having a claim or tendency to have larger claims.

Insurance Loss Ratings for Nissan Sentra Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Nissan Sentra 120 107 81 158 179 141

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

Save with these price cutting discounts

The price of auto insurance can be rather high, but you might find some hidden discounts to cut the cost considerably. Some discounts apply automatically at the time of purchase, but some must be asked about before being credited. If you do not double check each discount possible, you are not getting the best rate possible.Discount insurance

Policy discounts save money, but many deductions do not apply to the entire policy premium. Some only apply to individual premiums such as physical damage coverage or medical payments. Even though it appears having all the discounts means you get insurance for free, you won’t be that lucky.

The illustration below compares Nissan Sentra insurance costs with and without discounts applied to the rates. The data assumes a male driver, no accidents, no driving violations, 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 multi-car, claim-free, safe-driver, multi-policy, homeowner, and marriage discounts applied.

Auto insurance companies that may offer quotes with most of these discounts include:

Before purchasing a policy, check with every prospective company how many discounts you can get. All car insurance discounts might not apply in your area. If you would like to see a list of insurers who offer online Nissan Sentra insurance quotes in Memphis, follow this link.

How to know if you need help

When choosing a policy, there really is no single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed.Drive safe and save
For instance, these questions might help in determining whether you might need professional guidance.

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Do I need an insurance agency?

A small number of people would rather get advice from a local agent and that is just fine! Professional insurance agents can point out coverage gaps and will help you if you have claims. The best thing about comparing auto insurance online is that you can obtain cheaper rates and still have a local agent. Buying insurance from neighborhood agents is especially important in Memphis.

Insurance agency in MemphisFor easy comparison, once you complete this quick form, the quote information is transmitted to agents in your area who will give competitive quotes for your auto insurance coverage. It’s much easier because you don’t need to find an agent on your own since rate quotes are delivered to the email address you provide. If you wish to get a price quote for a specific company, you would need to search and find their rate quote page and fill out the quote form the provide.

Auto insurance agents in Memphis come in two varieties

If you want to use a local Memphis insurance agent, it’s important to understand the types of agencies and how they differ in how they can insure your vehicles. Agents are categorized either independent agents or exclusive agents depending on their employer. Either one can handle auto insurance, but we need to point out the difference in the companies they write for since it can impact which agent you choose.

Independent Agents

Agents that elect to be independent can quote rates with many companies and that enables them to quote your coverage with an assortment of companies and get the cheapest rates. If your premiums go up, they simply switch companies in-house and you stay with the same agent. If you need lower rates, you should always check rates from at least one independent agent to ensure the widest selection of prices. Most have the option of insuring with less well-known companies that may have much lower rates than larger companies.

The following is a short list of independent insurance agents in Memphis who can help you get price quote information.

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Exclusive Auto Insurance Agencies

Agents that elect to be exclusive can only quote rates from one company and some examples include Farmers Insurance, Allstate, or State Farm. They generally cannot shop your coverage around so always compare other rates. They are usually quite knowledgeable on their company’s products which helps offset the inability to provide other markets. Some people will only buy from exclusive agents mainly due to the brand rather than low rates.

Below are Memphis exclusive insurance agencies that can give you comparison quotes.

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Choosing an auto insurance agent shouldn’t rely on just a cheap quote. Before buying a policy in Memphis, get answers to these questions.

Quote. Compare. Save.

When you buy Memphis auto insurance online, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where someone dropped liability limits or collision coverage and learned later that it was a big error on their part. Your aim should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

Some insurance providers do not offer the ability to get a quote online and these smaller providers only sell through independent agents. Cost effective Nissan Sentra insurance is available on the web and also from your neighborhood Memphis agents, and you need to comparison shop both to have the best selection.

Steps to buying cheaper Nissan Sentra insurance in Memphis

It takes a little time, but the best way to get low-cost Nissan Sentra insurance is to do an annual price comparison from providers in Memphis.

First, try to learn a little about how insurance companies determine prices and the measures you can control to keep rates low. Many factors that result in higher rates such as accidents, traffic tickets, and poor credit rating can be rectified by making small lifestyle or driving habit changes.

Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO or Allstate, while independent agencies can quote prices from multiple companies.

Third, compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you find a better price and switch companies, verify that coverage does not lapse between policies.

Fourth, give proper notification to your current agent or company of your intent to cancel the current policy and submit a down payment and signed policy application to the new insurer. As soon as you receive it, store the proof of insurance paperwork along with your vehicle registration.

The most important part of shopping around is to try to compare similar limits and deductibles on each quote and and to get prices from every company you can. This ensures a fair rate comparison and maximum price selection.

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