It’s astonishing, but a large majority of auto insurance policyholders in Tennessee have bought auto insurance from the same company for at least the last four years, and roughly 40% of drivers have never compared rates to find cheaper insurance. Many drivers in the United States can save hundreds of dollars each year just by shopping around, but they underestimate the amount of savings they would get if they switched to a more affordable policy.
To save the most money, the best way to get affordable Porsche 911 insurance is to compare prices annually from insurance carriers who provide auto insurance in Memphis. You can shop around by completing these steps.
Step 1: Read and learn about coverages and the things you can change to keep rates down. Many things that are responsible for high rates such as accidents, careless driving, and a bad credit score can be amended by improving your driving habits or financial responsibility.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for many different companies.
Step 3: Compare the quotes to your current policy premium and determine if there is any savings. If you find better rates and buy the policy, make sure there is no coverage gap between policies.
Step 4: Notify your agent or company of your intent to cancel your current auto insurance policy. Submit the application along with any required down payment to your new insurance company. Make sure you put the new proof of insurance certificate in your vehicle.
The most important part of shopping around is to use identical coverages on each price quote and and to get price quotes from as many auto insurance providers as possible. This provides an accurate price comparison and a complete selection of prices.
Quoting the most affordable coverage in Memphis is not that difficult. If you have insurance now or need new coverage, use these techniques to reduce premiums without sacrificing coverage. Drivers just need to know the most efficient way to shop their coverage around online from multiple companies.
The method we recommend to get policy rate comparisons for Porsche 911 insurance in Memphis is to know the fact car insurance companies pay for the opportunity to give rate comparisons. To start a quote, the only thing you need to do is provide details like if the car is leased, if a SR-22 is required, how your vehicles are used, and level of coverage desired. Your details is then submitted to many highly-rated insurers and they return rate quotes quickly.
To compare lower-cost Porsche 911 insurance rates now, click here and complete the form.
The providers in the list below provide free quotes in Tennessee. To find the cheapest auto insurance in Tennessee, we suggest you get rate quotes from several of them to get a more complete price comparison.
These discounts can slash Porsche 911 insurance rates
Companies offering auto insurance do not list every policy discount in an easy-to-find place, so we researched a few of the more common as well as some of the hidden credits available to bring down your rates.
- Memberships – Having an affiliation with a qualifying organization is a good way to get lower rates on your policy.
- Claim-Free Discount – Drivers with accident-free driving histories can save substantially as compared to drivers with a long claim history.
- Good Student – Getting good grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
- Policy Bundle Discount – When you have multiple policies with the same company you could earn a discount of over 10 percent off each policy depending on the company.
- Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can get savings of up to 25% or more.
- Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt could save 15% on the premium charged for medical payments and/or PIP.
- Payment Method – If paying your policy premium upfront instead of making monthly payments you can avoid the installment charge.
- Paperwork-free – Many insurance companies give back up to $50 for buying your policy on their website.
- College Student Discount – Children living away from Memphis attending college and leave their car at home may be insured at a cheaper rate.
- Discount for New Cars – Insuring a vehicle that is new is cheaper because newer vehicles are generally safer.
Don’t be shocked that most credits do not apply to the entire cost. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though you would think you could get a free car insurance policy, insurance companies wouldn’t stay in business.
The diagram below shows the comparison of Porsche 911 insurance premiums with and without discounts applied to the policy premium. The price estimates 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 safe-driver, multi-policy, multi-car, homeowner, marriage, and claim-free discounts applied.
A list of car insurance companies and some of the premium reductions they offer are detailed below.
- Farmers Insurance may offer discounts for distant student, switch companies, early shopping, bundle discounts, pay in full, youthful driver, and teen driver.
- Esurance offers discounts for online quote, defensive driver, DriveSense, renters, and homeowner.
- State Farm may include discounts for Steer Clear safe driver discount, good student, multiple autos, anti-theft, defensive driving training, and safe vehicle.
- GEICO has savings for defensive driver, emergency military deployment, federal employee, air bags, multi-vehicle, and five-year accident-free.
- Allstate policyholders can earn discounts including eSmart discount, FullPay discount, farm vehicle, premier discount, and new car.
Before buying, ask each insurance company which discounts can lower your rates. Some credits might not be available to policyholders in your state. To see insurers that offer many of these discounts in Tennessee, click here.
Rates and other information
The coverage table displayed below showcases detailed analysis of policy rates for Porsche 911 models. Having a better idea how insurance prices are formulated can assist in making informed coverage decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|911 Carrera 2 2-Dr Coupe||$208||$448||$288||$18||$86||$1,048||$87|
|911 Carrera 4 2-Dr Coupe||$226||$448||$288||$18||$86||$1,066||$89|
|911 Carrera 2 Cabriolet 2-Dr Convertible||$226||$448||$246||$14||$74||$1,008||$84|
|911 Carrera 2 S 2-Dr Coupe||$226||$448||$288||$18||$86||$1,066||$89|
|911 Carrera 4 Cabriolet 2-Dr Convertible||$226||$448||$246||$14||$74||$1,008||$84|
|911 Carrera 4S 2-Dr Coupe||$226||$490||$288||$18||$86||$1,108||$92|
|911 Carrera Targa 2-Dr Coupe||$226||$490||$288||$18||$86||$1,108||$92|
|911 Carrera 2 S 2-Dr Convertible||$226||$490||$246||$14||$74||$1,050||$88|
|911 Carrera 4S Cabriolet 2-Dr Convertible||$244||$448||$246||$14||$74||$1,026||$86|
|911 Carrera Targa S 2-Dr Coupe||$244||$490||$288||$18||$86||$1,126||$94|
|911 GT3 2-Dr Coupe||$244||$532||$288||$18||$86||$1,168||$97|
|911 GT3 RS 2-Dr Coupe||$280||$574||$288||$18||$86||$1,246||$104|
|911 Turbo 2-Dr Coupe||$280||$574||$288||$18||$86||$1,246||$104|
|911 Turbo 2-Dr Convertible||$280||$616||$246||$14||$74||$1,230||$103|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in your specific Memphis location which can revise rates greatly.
An analysis of deductible level
One frequently asked question is which deductibles should you choose. The following insurance rates approximate how much more rates are between high and low insurance deductibles. The first set of prices uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|911 Carrera 2 2-Dr Coupe||$338||$712||$288||$18||$86||$1,467||$122|
|911 Carrera 4 2-Dr Coupe||$366||$712||$288||$18||$86||$1,495||$125|
|911 Carrera 2 Cabriolet 2-Dr Convertible||$366||$712||$246||$14||$74||$1,437||$120|
|911 Carrera 2 S 2-Dr Coupe||$366||$712||$288||$18||$86||$1,495||$125|
|911 Carrera 4 Cabriolet 2-Dr Convertible||$366||$712||$246||$14||$74||$1,437||$120|
|911 Carrera 4S 2-Dr Coupe||$366||$778||$288||$18||$86||$1,561||$130|
|911 Carrera Targa 2-Dr Coupe||$366||$778||$288||$18||$86||$1,561||$130|
|911 Carrera 2 S 2-Dr Convertible||$366||$778||$246||$14||$74||$1,503||$125|
|911 Carrera 4S Cabriolet 2-Dr Convertible||$396||$712||$246||$14||$74||$1,467||$122|
|911 Carrera Targa S 2-Dr Coupe||$396||$778||$288||$18||$86||$1,591||$133|
|911 GT3 2-Dr Coupe||$396||$846||$288||$18||$86||$1,659||$138|
|911 GT3 RS 2-Dr Coupe||$452||$912||$288||$18||$86||$1,781||$148|
|911 Turbo 2-Dr Coupe||$452||$912||$288||$18||$86||$1,781||$148|
|911 Turbo 2-Dr Convertible||$452||$980||$246||$14||$74||$1,791||$149|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|911 Carrera 2 2-Dr Coupe||$274||$574||$288||$18||$86||$1,240||$103|
|911 Carrera 4 2-Dr Coupe||$298||$574||$288||$18||$86||$1,264||$105|
|911 Carrera 2 Cabriolet 2-Dr Convertible||$298||$574||$246||$14||$74||$1,206||$101|
|911 Carrera 2 S 2-Dr Coupe||$298||$574||$288||$18||$86||$1,264||$105|
|911 Carrera 4 Cabriolet 2-Dr Convertible||$298||$574||$246||$14||$74||$1,206||$101|
|911 Carrera 4S 2-Dr Coupe||$298||$628||$288||$18||$86||$1,318||$110|
|911 Carrera Targa 2-Dr Coupe||$298||$628||$288||$18||$86||$1,318||$110|
|911 Carrera 2 S 2-Dr Convertible||$298||$628||$246||$14||$74||$1,260||$105|
|911 Carrera 4S Cabriolet 2-Dr Convertible||$322||$574||$246||$14||$74||$1,230||$103|
|911 Carrera Targa S 2-Dr Coupe||$322||$628||$288||$18||$86||$1,342||$112|
|911 GT3 2-Dr Coupe||$322||$682||$288||$18||$86||$1,396||$116|
|911 GT3 RS 2-Dr Coupe||$368||$736||$288||$18||$86||$1,496||$125|
|911 Turbo 2-Dr Coupe||$368||$736||$288||$18||$86||$1,496||$125|
|911 Turbo 2-Dr Convertible||$368||$790||$246||$14||$74||$1,492||$124|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can revise prices greatly.
Based on the figures above, using a $250 deductible will cost you about $21 more each month or $252 each year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you have at least 12 months between claim filings, you would save more money going with the higher deductible. Here’s how you can come to your own conclusion.
|Average monthly premium for $250 deductibles:||$131|
|Average monthly premium for $500 deductibles (subtract):||– $110|
|Monthly savings from raising deductible:||$21|
|Difference between deductibles ($500 – $250):||$250|
|Divide difference by monthly savings:||$250 / $21|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||12 months|
One important note is that a higher deductible results in more money out-of-pocket when you have a claim. It will be required that you have some non-essential savings in order to pay the higher deductible in order to repair your vehicle.
The chart below highlights how deductible choice and can influence Porsche 911 insurance rates for different age groups. The premium estimates are based on a married female driver, comp and collision included, and no policy discounts are applied.
Comparison of car insurance rates by gender
The diagram below shows the difference between Porsche 911 annual premium costs for male and female drivers. The costs are based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are applied.
Does it make sense to buy full coverage?
The information below visualizes the comparison of Porsche 911 insurance costs when comparing full coverage to liability only. The information is based on no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.
Guidelines for dropping full coverage
There is no set guideline for excluding physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s say your Porsche 911 settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying your policy deductible. If you are paying over $500 a year to have full coverage, then it might be time to consider dropping full coverage.
There are a few situations where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Insurance Premium Influencing Factors
Many factors are part of the calculation when you quote your car insurance policy. Some are obvious like a motor vehicle report, but other criteria are not as apparent such as whether you are married or your commute time. An important part of buying insurance is that you know some of the elements that are used to determine your premiums. When you know what positively or negatively influences your rates, this enables informed choices that will entitle you to much lower annual insurance costs.
Shown below are a few of the things car insurance companies consider when setting your rate level.
Car insurance rates and age – Older insureds are shown to be more cautious, tend to file fewer claims, and are generally more financially stable. Youthful drivers are statistically proven to be inattentive in a vehicle so they pay higher car insurance rates.
The next chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
Discounts for married couples – Being married may save some money on car insurance. Marriage generally demonstrates drivers are more financially stable and it’s statistically proven that married drivers tend to have fewer serious accidents.
Amount of liability insurance – A critical coverage on your policy, liability insurance will protect you when a court rules you are at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides legal defense which can cost a lot. It is affordable coverage compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
Gaps in coverage mean higher premiums – Not maintaining insurance is illegal and car insurance companies will penalize you for letting your insurance coverage expire. Not only will you pay more, being ticketed for driving with no insurance could result in a hefty fine and possibly a revoked license.
Cheaper prices with safer cars – Vehicles with good safety scores tend to be cheaper to insure. Highly rated vehicles reduce the chance of injuries and better occupant protection means less money paid by your insurance company which can result in lower premiums.
High car insurance claims frequency drives up prices – Car insurance companies in Tennessee give the lowest premiums to policyholders who file claims infrequently. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for more catastrophic claims.
Where you live plays a part – Residing in small towns and rural areas has definite advantages if you are looking for the lowest rates. Drivers in populated areas have to deal with more auto accidents and much longer commute distances. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims.
Job can influence premiums – Careers such as military personnel, social workers, and miners are shown to have higher rates than the rest of us because of intense work requirements and long work hours. Other occupations such as professors, athletes and retirees get better rates.
Insurance losses for a Porsche 911 – Insurance companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium rate. Vehicles that historically have higher loss trends will have a higher premium rate. The next table shows the collected loss data for Porsche 911 vehicles.
For each policy coverage, the statistical loss for all vehicles averaged together is represented as 100. Values that are under 100 suggest a better than average loss history, while percentage values above 100 point to more frequent losses or a tendency for losses to be larger than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Porsche 911 Carrera 2dr||191||47||173||24|
|Porsche 911 Carrera Convertible||197||51||224||36|
|Porsche 911 Turbo 2dr 4WD||349||367|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When to talk to an agent
Some consumers just want to talk to an insurance agent and we recommend doing that Agents can answer important questions and help in the event of a claim. The biggest benefit of price shopping on the web is that you can find lower rates but also keep your business local. Putting coverage with neighborhood insurance agencies is still important in Memphis.
To find an agent, once you fill out this form (opens in new window), your information is transmitted to agents in your area who will give you quotes for your business. It’s much easier because you don’t need to even leave your home due to the fact that quote results will go straight to your inbox. If you need to get a price quote from one company in particular, feel free to jump over to their website and submit a quote form there.
Memphis auto insurance agents are either independent or exclusive
If you are searching for an insurance agent, it’s helpful to know the types of agencies that differ in how they can insure your vehicles. Agencies in Memphis are either exclusive or independent. Either one can write policy coverage, but it’s a good idea to understand why they differ because it can influence your agent selection.
Independent Car Insurance Agents
These agents do not sell for just one brand so they can insure your vehicles through many different car insurance companies enabling the ability to shop coverage around. If your agent finds better pricing, your agent can just switch to a different company which requires no work on your part. If you need lower rates, you absolutely need to get insurance quotes from a few independent agents for maximum quote selection. A lot of them also have access to different regional companies which can save you money.
Featured below are Memphis independent insurance agents who may provide free car insurance quotes.
- Smith-Berclair Insurance
855 Ridge Lake Blvd #400 – Memphis, TN 38120 – (901) 753-4323 – View Map
- Fred L. Davis Insurance Agency – Car Insurance Agency
1374 Airways Blvd – Memphis, TN 38114 – (901) 323-6159 – View Map
- Nationwide Insurance: Daysha J Palacio-Miller
1850 Poplar Crest Cove Ste 102 – Memphis, TN 38119 – (901) 762-8585 – View Map
Exclusive Insurance Agencies
Exclusive agents have only one company to place business with and some examples include Allstate and State Farm. Exclusive agents are unable to shop your coverage around so you might not find the best rates. Exclusive agents are well schooled on their products and sales techniques and that enables them to sell even at higher rates. Many people purchase coverage from exclusives partially due to loyalty to the company and strong financial ratings.
Shown below is a short list of exclusive insurance agents in Memphis that are able to give comparison quotes.
- Allstate Insurance: Kevin Howard
1440 E Shelby Dr Ste 2 – Memphis, TN 38116 – (901) 767-0030 – View Map
- Denise Perino – State Farm Insurance Agent
5384 Knight Arnold Rd – Memphis, TN 38115 – (901) 362-6552 – View Map
- Deloris Burrow – State Farm Insurance Agent
3558 Hickory Hill Rd – Memphis, TN 38115 – (901) 373-8052 – View Map
Finding the right car insurance agent shouldn’t rely on just a low price. The answers to these questions are important, too.
- Do the companies they represent have a solid financial rating?
- Did they already check your driving record and credit reports?
- Do they have any clout with companies to ensure a fair claim settlement?
- Are claims handled at the agent’s location?
- If they are an independent agency in Memphis, which companies do they recommend?
- How experienced are they in personal risk management?
- How will an accident affect your rates?
- Is the agency active in community causes in Memphis?
Memphis car insurance company ratings
Ending up with a high-quality insurance provider can be challenging considering how many companies sell insurance in Memphis. The ranking data in the lists below can help you select which coverage providers you want to consider comparing prices from.
Top 10 Memphis Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
Top 10 Memphis Car Insurance Companies Overall
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
How much can you save?
Budget-conscious Porsche 911 insurance is possible on the web and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who may not have online rate quotes and these smaller companies only sell coverage through independent insurance agencies.
As you go through the steps to switch your coverage, don’t be tempted to reduce needed coverages to save money. In many cases, drivers have reduced physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at the best possible price while still protecting your assets.
We covered some good ideas how to find cheaper Porsche 911 insurance in Memphis. The most important thing to understand is the more price quotes you have, the higher your chance of finding affordable Porsche 911 insurance quotes. You may even be surprised to find that the lowest priced insurance comes from a smaller regional carrier.
More detailed insurance information can be found in the articles below:
- Distracted Driving Extends Beyond Texting (State Farm)
- Who Has the Cheapest Memphis Auto Insurance for Safe Drivers? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Homeowners? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- Understanding your Policy (NAIC.org)