Secret Tricks for Buying Memphis Car Insurance at a Discount

Perplexed by the wide range of car insurance company choices in Memphis? Many other consumers are too. People have so many options that it can be a real challenge to find lower rates.

Consumers should take time to price shop coverage quite often because rates tend to go up over time. Just because you found the lowest rates two years ago there is a good chance you can find better rates now. There is a lot of bad advice regarding car insurance online but I’m going to show you some solid techniques on how to stop overpaying for insurance.

Where Can I Get Cheap Memphis Car Insurance?

Most companies such as Allstate and Progressive quote coverage prices on the web. Getting online quotes is pretty easy as you just type in your coverage information into a form. Behind the scenes, their system will obtain reports for credit and driving violations and generates pricing information based on many factors.

Online quotes makes comparing rates easy, but having to visit different websites and complete many quote forms can get tiresome after awhile. But it’s absolutely necessary to perform this step if you want to find better prices.

The easy way to compare rates

The preferred way to find lower prices makes use of a single form to get prices from a bunch of companies at once. It’s a real time-saver, reduces the work, and makes quoting online much more enjoyable. After your information is entered, it is quoted and you can select your choice of the quotes returned.

If a lower price is quoted, you simply finish the application and purchase coverage. The whole process can be completed in less than 10 minutes and may result in a nice savings.

To compare rates now, click here to open in new window and fill out the form. To compare your current rates, we recommend you type in the coverages identical to your current policy. This ensures you will have an apples-to-apples comparison for similar coverage.

Do drivers who switch really save?

Consumers in Tennessee get pounded daily by advertisements for car insurance savings from the likes of Allstate and Progressive. All the companies make the same claim about savings if you switch your coverage to them.

How does each company claim to save you money? This is how they do Memphis TN insurance quote

Insurance companies are able to cherry pick for the driver that earns them a profit. For instance, a profitable customer might be profiled as between the ages of 30 and 50, owns a home, and has great credit. A driver who meets those qualifications will qualify for the lowest rates and most likely will cut their rates substantially.

Drivers who do not match the “perfect” profile will be quoted higher rates which leads to business not being written. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently make those claims.

This emphasizes why you absolutely need to compare many company’s rates. It’s impossible to know the company that will provide you with the cheapest rates.

These discounts can slash car insurance rates

Insurance can cost an arm and a leg, but discounts can save money and there are some available to help bring down the price. Certain discounts will be triggered automatically at the time of purchase, but some may not be applied and must be specially asked for in order for you to get them. If they aren’t giving you every credit available, you are throwing money away.

  • Good Student – Performing well in school can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Discount for Swiching Early – Some companies give discounts for buying a policy before your current policy expires. The savings is around 10%.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts when compared to bad drivers.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Homeowners Discount – Owning a house in Memphis can help you save on car insurance due to the fact that maintaining a home is proof that your finances are in order.
  • One Accident Forgiven – Certain companies allow you one accident without raising rates if you are claim-free prior to the accident.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.

It’s important to note that most discounts do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, you’re out of luck. But any discount will bring down the cost of coverage.

To choose providers with the best car insurance discounts in Tennessee, click this link.

When might I need the advice of an agent?

When it comes to buying the best car insurance coverage for your vehicles, there really is no perfect coverage plan. Every insured’s situation is different.

These are some specific questions might help in determining if your situation might need an agent’s assistance.

  • Am I covered when delivering products for my home-based business?
  • Should I drop comprehensive coverage on older vehicles?
  • When should I remove comp and collision on my vehicle?
  • Who is covered when they drive my vehicle?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I need added coverage for expensive stereo equipment?
  • Can I afford to pay high deductible claims out of pocket?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

lower rates in Memphis TN

Additional car insurance information is located on the Tennessee Department of Commerce and Insurance website. Click here for link. Consumers can report car insurance fraud, file complaints about a company, find disaster information, and read state legal mandates and laws.

Also read more on this page for Tennessee car insurance and this list of insurance agents in Memphis.

Quote often and quote early

We just showed you some good ideas how to save on car insurance. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers may even find the biggest savings come from the smaller companies.

Cheap car insurance is definitely available on the web and with local Memphis insurance agents, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who do not offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

As you restructure your insurance plan, it’s not a good idea to skimp on coverage in order to save money. In many cases, someone dropped liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your focus should be to get the best coverage possible at a price you can afford while still protecting your assets.