Best Insurance for a Subaru Forester in Memphis

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Subaru Forester insurance policy image courtesy of QuoteInspector.com

Do you want to stop overpaying and find more affordable car insurance rates in Memphis, TN? Memphis drivers have a choice when trying to find affordable Subaru Forester insurance. You can either spend your time calling around trying to get quotes or use the internet to find the lowest rates. There is a better way to shop for car insurance and you need to know the proper way to compare rates for your Subaru and find the lowest possible price from Memphis insurance agents and online providers.

Insurance quote for Subaru Forester in MemphisIt's a known fact that auto insurance companies don't want you to look for cheaper rates. Insureds who shop around are highly likely to move their business because there are good odds of finding better rates. A study showed that consumers who shopped around every year saved approximately $865 annually compared to people who never shopped for cheaper rates.

If finding the cheapest price on Subaru Forester insurance is the reason you're here, then having some knowledge of the best way to shop and compare insurance rates can help simplify the process.

It's smart to compare prices as often as possible because car insurance prices are rarely the same from one policy term to another. If you had the lowest quotes on Subaru Forester insurance in Memphis on your last policy other companies may now be cheaper. There is lot of inaccurate information about Forester insurance online but in this article, you're going to get some great ideas on how to find cheap car insurance in Memphis.

Locating the most cost-effective car insurance policy in Memphis is actually quite easy if you know where to start. If you currently have a car insurance policy, you will most likely be able to lower your rates using these tips. Smart shoppers only need an understanding of the most efficient way to get comparison quotes from many different companies online.

Best Subaru Forester insurance rate quotes in Tennessee

The providers in the list below are our best choices to provide price comparisons in Memphis, TN. If your goal is to find cheap auto insurance in Memphis, TN, it's a good idea that you visit two to three different companies to get the best price comparison.

Subaru Forester coverage statistics

The coverage table below highlights a range of insurance rates for Subaru Forester models. Having a better idea how insurance prices are formulated is important for making smart choices when choosing a car insurance company.

Subaru Forester Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Forester X AWD $218 $382 $236 $14 $70 $920 $77
Forester X Premium AWD $218 $382 $236 $14 $70 $920 $77
Forester X Premium AWP AWD $218 $382 $236 $14 $70 $920 $77
Forester X Limited Edition AWD $244 $382 $236 $14 $70 $946 $79
Forester X Limited Edition W/Navigation AWD $244 $450 $236 $14 $70 $1,014 $85
Forester XT AWD $244 $450 $236 $14 $70 $1,014 $85
Forester XT Limited Edition AWD $244 $450 $236 $14 $70 $1,014 $85
Forester XT Limited Edition W/Navigation AWD $244 $450 $236 $14 $70 $1,014 $85
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price information does not factor in specific location which can decrease or increase price quotes greatly.

Rate comparison for different deductibles

A question often asked by Memphis drivers is the level to set your comp and collision deductibles. The tables below illustrate the differences in premium rates of buying low and high physical damage deductibles. The first set of rates uses a $100 physical damage deductible and the second price chart uses a $1,000 deductible.

Subaru Forester insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Forester X AWD $280 $448 $246 $14 $74 $1,087 $91
Forester X Premium AWD $280 $448 $246 $14 $74 $1,087 $91
Forester X Premium AWP AWD $280 $448 $246 $14 $74 $1,087 $91
Forester X Limited Edition AWD $312 $448 $246 $14 $74 $1,119 $93
Forester X Limited Edition W/Navigation AWD $312 $528 $246 $14 $74 $1,199 $100
Forester XT AWD $312 $528 $246 $14 $74 $1,199 $100
Forester XT Limited Edition AWD $312 $528 $246 $14 $74 $1,199 $100
Forester XT Limited Edition W/Navigation AWD $312 $528 $246 $14 $74 $1,199 $100
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Subaru Forester insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Forester X AWD $156 $236 $246 $14 $74 $726 $61
Forester X Premium AWD $156 $236 $246 $14 $74 $726 $61
Forester X Premium AWP AWD $156 $236 $246 $14 $74 $726 $61
Forester X Limited Edition AWD $174 $236 $246 $14 $74 $744 $62
Forester X Limited Edition W/Navigation AWD $174 $278 $246 $14 $74 $786 $66
Forester XT AWD $174 $278 $246 $14 $74 $786 $66
Forester XT Limited Edition AWD $174 $278 $246 $14 $74 $786 $66
Forester XT Limited Edition W/Navigation AWD $174 $278 $246 $14 $74 $786 $66
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in specific location which can change coverage prices substantially.

Based on these figures, using a $100 deductible costs roughly $32 more each month or $384 for a full year than requesting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 28 months between claims, you would come out ahead if you elect the higher deductible.

Lower your insurance rates with discounts

Car insurance is not cheap, but you might be missing out on some discounts that can dramatically reduce your bill. Some of these discounts will be visible at quote time, but a few need to be asked for before you get the savings.Insurance discounts

  • Student Driver Training - Reduce the cost of insurance for teen drivers by having them enroll in driver's education if offered at their school.
  • Good Student - This discount can save 20 to 25%. You can use this discount normally until age 25.
  • Accident Forgiveness Coverage - This one is not really a discount per se, but some companies like Progressive, Allstate, and Liberty Mutual allow you one accident without raising rates with the catch being you have to be claim-free for a set time period.
  • Auto/Home Discount - If you can bundle your auto and homeowners insurance with the same insurance company you could earn a discount of 10% to 20% off each policy.
  • Life Insurance Discount - If the company offers life insurance, you could get a discount if you purchase life insurance from them.

It's important to understand that most discounts do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, that's just not realistic. But any discount will positively reduce your policy cost.

The chart below visualizes the comparison of Subaru Forester insurance costs with and without some available policy discounts. The information is based on a female driver, no accidents or driving violations, Tennessee state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, safe-driver, multi-policy, and homeowner discounts applied.

A partial list of companies that have some of the above discounts include:

If you need low cost Memphis car insurance quotes, ask each insurance company which credits you are entitled to. Discounts may not apply to policies everywhere. To find companies who offer cheap Subaru Forester insurance quotes in Tennessee, follow this link.

Components of Your Subaru Forester Insurance Costs

An important part of buying insurance is that you know the rating factors that play a part in calculating the rates you pay for car insurance. If you have some idea of what determines base rates, this allows you to make good choices that could help you find much lower annual insurance costs.

Listed below are some of the major factors companies use to determine your rates.

  • Being married can lower prices - Being married may save some money on your car insurance policy. Marriage usually means you are more responsible and it's proven that married drivers tend to file fewer claims.
  • Improve your credit history and save - Credit score is a big factor in determining what you pay. Insureds with high credit ratings tend to be better drivers and file fewer claims than drivers with lower ratings. So if your credit is low, you could pay less to insure your Subaru Forester by improving your rating.
  • Alarm systems save money - Choosing a vehicle with a theft deterrent system can earn a premium discount. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent car theft.
  • Do you qualify for a multi-policy discount? - Lots of insurers will award discounts to buyers who carry more than one policy such as combining an auto and homeowners policy. The discount can add up to as much as ten percent or more Even with this discount applied, it's still a good idea to compare other company rates to ensure the best deal.There is a chance you can save even more than the discount even if you insure with multiple companies
  • Insurance is expensive for teenage drivers - More experienced drivers have been proven to be more responsible, statistically cause fewer accidents, and receive fewer citations. Youthful drivers are known to be less responsible when driving with friends so car insurance rates are higher.

    The following data is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

  • City traffic equals higher prices - Having an address in less populated areas can be a good thing when talking about car insurance. Drivers in populated areas tend to have more aggressive driving styles and higher rates of accident claims. Fewer drivers on the road means fewer accidents and lower theft and vandalism rates.
  • Are males or females drivers cheaper? - Statistics show women are more cautious behind the wheel. However, this does not mean men are worse drivers. Both genders get in at-fault accidents at a similar rate, but the male of the species get into accidents with more damage. Not only are claims higher, but men have more aggressive citations like reckless driving and DUI.

    The diagram below compares Subaru Forester yearly insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, single status, and no additional discounts are factored in.

  • Subaru Forester historical loss data - Companies use data from past claims to calculate a rate that will offset any claims. Models that the statistics show to have higher number or severity of losses will have higher rates for specific coverages. The table below illustrates the loss history for Subaru Forester vehicles.

    For each coverage category, the loss probability for all vehicles, as an average, is considered to be 100. Percentage numbers below 100 indicate a favorable loss history, while percentages above 100 indicate more frequent losses or statistically larger claims.

    Subaru Forester Insurance Claim Statistics
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Subaru Forester 4dr 4WD 71 80 108 72 76 68
    Subaru Forester 4dr 4WD with Eyesight 74 66 118 77 78 53
    BETTER
    AVERAGE
    WORSE

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

Local agents and insurance

Some people would rather sit down and talk to an agent and that can be a smart move Professional agents are trained risk managers and help submit paperwork. The biggest benefit of comparing insurance prices online is that you can obtain the lowest rates and still buy from a local agent.

After completing this simple form, your insurance coverage information is transmitted to insurance agents in Memphis who will return price quotes for your insurance coverage. There is no reason to contact any insurance agencies because prices are sent directly to you. If you have a need to compare prices from a particular provider, you would need to search and find their rate quote page and fill out the quote form the provide.

Finding a good insurer shouldn't rely on just the quoted price. A good agent in Memphis will have answers to these questions.

  • How is replacement cost determined on your vehicle?
  • Do they have a Better Business Bureau rating in Memphis?
  • Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
  • What discounts might you be missing?
  • Does the company allow you to choose your own collision repair facility?
  • Are all drivers listed on the coverage quote?

If you receive good responses for all questions you ask and an acceptable price quote, it's a good possibility that you have found an insurance company that is reputable and can properly service your insurance policy.

Which car insurance company is best in Memphis?

Picking the highest-rated car insurance provider can be challenging considering how many choices you have in Tennessee. The company information shown next could help you select which companies you want to consider comparing price quotes from.

Top 10 Memphis Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

Top 10 Memphis Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Erie Insurance - A+
  6. Titan Insurance - A+
  7. Esurance - A+
  8. Progressive - A+
  9. Nationwide - A+
  10. The Hartford - A+

Don't give up on cheap premiums

When buying insurance coverage, don't be tempted to sacrifice coverage to reduce premiums. There have been many cases where someone sacrificed collision coverage and learned later that it was a big error on their part. The goal is to buy enough coverage at the best possible price but still have enough coverage for asset protection.

There are still a few companies who may not offer online rate quotes and usually these small insurance companies provide coverage only through independent agents. Low-cost Subaru Forester insurance in Memphis can be sourced online and with local Memphis insurance agents, and you need to price shop both to get a complete price analysis.

Consumers who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, extreme rates for teen drivers, questionable increases in premium or even policy non-renewal. Whatever your reason, switching auto insurance companies is not as hard as you think.

Steps to buying affordable Subaru Forester insurance in Memphis

If saving the most money is your goal, then the best way to get the cheapest auto insurance rates is to regularly compare prices from providers that sell auto insurance in Memphis.

Step 1: Try to comprehend how auto insurance works and the modifications you can make to prevent rate increases. Many things that cause rate increases such as accidents, traffic tickets, and an unacceptable credit score can be eliminated by being financially responsible and driving safely.

Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices for a wide range of companies. View rates

Step 3: Compare the new quotes to the premium of your current policy and determine if there is any savings. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Notify your current company of your intention to cancel your existing policy and submit a down payment along with a signed application for your new policy. Immediately keep the new certificate of insurance in an easily accessible location in your vehicle.

A valuable tip to remember is to try to use similar coverage information on every quote and and to get rate quotes from as many companies as you can. This helps ensure an apples-to-apples comparison and a complete price analysis.

More information can be read on the following sites: