Expert Methods to Paying Less for Collierville, TN Auto Insurance

Perplexed by the sheer number of auto insurance companies in Collierville? You’re not the only one! Consumers have so many companies to choose from that it can be a ton of work to find the lowest price.

Buying car insurance in Collierville is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this strategy. Nevertheless, Tennessee car owners need to have an understanding of the way insurance companies determine prices and take advantage of how the system works.

How to Compare Collierville Auto Insurance Costs

To find the best auto insurance prices, there are several ways of comparing rates and find the best price. The quickest method to find the cheapest insurance rates is to get quotes online. This can be done in a couple of different ways.

  1. The most efficient way to find low rates is to use a rate comparison form click to view form in new window. This form saves time by eliminating separate quotes for each company you want a rate for. Completing one form compares rates instantly. It’s the fastest way to compare.
  2. A more difficult way to shop for auto insurance online is going to the website for every company you want to comare to complete their respective quote request forms. For instance, we’ll assume you want rates from GEICO, Progressive and Allstate. To get each rate you have to take the time to go to each site to input your insurance information, which is why the first method is more popular.

    For a handy list of car insurance company links in Collierville, click here.

It’s your choice how you get your quotes, but ensure you are comparing the exact same deductibles and coverage limits for each comparison quote. If you enter different limits and deductibles on each one then you won’t be able to determine the best price in Collierville. Slightly different coverages can make a big difference in price. And when comparing auto insurance rates, know that comparing more company’s prices helps you find the best offered rates.

Do you really save 40% when you switch?

Auto insurance providers like Allstate and Progressive consistently run television and radio advertisements. They all have a common claim about savings if you change your policy. How can each company claim to save you money?save money concept

Different companies can use profiling for the type of customer that is profitable for them. For example, a profitable customer might be over the age of 40, insures multiple vehicles, and has a short commute. A driver who fits that profile is entitled to the best price and most likely will save when switching.

Potential customers who do not match the requirements will have to pay higher rates and ends up with business going elsewhere. The ads say “customers who switch” not “everybody who quotes” save money. This is how insurance companies can confidently make the claims of big savings. Because of the profiling, it’s extremely important to compare as many rates as you can. It’s not possible to predict which company will have the lowest rates.

Cut your premium with discounts

Companies that sell car insurance don’t necessarily list every available discount very clearly, so we researched both the well known and also the lesser-known discounts you could be receiving.

  • E-sign – Certain companies will give a small break simply for signing over the internet.
  • New Car Discount – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
  • Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates than drivers with accidents.
  • Military Rewards – Being on active duty in the military may qualify for rate reductions.
  • Clubs and Organizations – Belonging to a civic or occupational organization may earn a discount when buying auto insurance.
  • Defensive Driving Course – Completing a course in driver safety could possibly earn you a 5% discount depending on where you live.
  • Pay Now and Pay Less – By paying your policy upfront instead of paying each month you could save up to 5%.

It’s important to understand that some of the credits will not apply to the entire cost. A few only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way.

More detailed Tennessee auto insurance information can be found at the Tennessee Department of Commerce and Insurance website. Tennessee consumers can learn about specific coverages, find out industry alerts, and download brochures.

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In Summary

You just learned many tips how you can compare auto insurance prices online. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. Consumers may even find the most savings is with an unexpected company.

Cheap auto insurance can be bought online as well as from independent agents in Collierville, so you should be comparing quotes from both to have the best rate selection. Some companies don’t offer online price quotes and these small insurance companies work with independent agents.

As you shop your coverage around, do not skimp on critical coverages to save a buck or two. There are many occasions where someone sacrificed full coverage and found out when filing a claim that they should have had better coverage. The ultimate goal is to buy the best coverage you can find at an affordable rate.