Lowest Auto Insurance Exclusively for Memphis Tennessee Residents

Are you confused by the wide range of auto insurance choices in Memphis? Lot’s of other consumers are too. There are so many companies to choose from that it can turn into a challenge to compare prices.

It’s a great practice to shop coverage around on a regular basis because prices fluctuate regularly. Despite the fact that you may have had the best deal last year there is a good chance you can find better rates now. There is a lot of wrong information about auto insurance online but I’m going to show you some good information on how to find affordable auto insurance.

How to Get Memphis Auto Insurance Comparison Quotes

Comparing auto insurance rates can take time and effort if you aren’t aware of the easiest way. You could waste time talking to local insurance agents in Memphis, or you can utilize online quotes to accomplish the same thing much quicker.

All the larger companies enroll in a system that enables customers to submit one quote, and each company can provide price quotes for coverage. This system prevents you from having to do quote forms for each company you want a rate for.

To submit your quote information now, click here to open in new window.

The one downside to pricing coverage this way is you cannot specify the companies you want to price. So if you want to select specific providers for rate comparison, we put together a list of low cost auto insurance companies in Tennessee. Click to view list.

However you get your quotes, be sure to compare apples-to-apples deductibles and coverage limits on every quote you get. If you enter different values for each quote it’s impossible to truly determine the best auto insurance rate in Memphis.compare rates in Memphis TN

Learn How to Buy Auto Insurance Cheaper

Consumers need to have an understanding of the factors that play a part in calculating auto insurance rates. When you know what positively or negatively determines base rates allows you to make educated decisions that may reward you with lower auto insurance prices.

  • Please use or commuting – The higher the mileage driven in a year the higher your rate. The majority of insurers apply a rate based on their usage. Cars left parked in the garage can get a lower rate compared to those used for work or business. Make sure your auto insurance declarations sheet is showing the correct usage for each vehicle, because it can save money.
  • Where you reside plays a part – Being located in less populated areas is a positive aspect when insuring your vehicles. Urban drivers have to deal with more traffic problems and a longer drive to work. Fewer people translates into fewer accidents and a lower car theft rate.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage will protect you when you are found liable for damages from an accident. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so do not cut corners here.
  • Do you need those extra coverages? – There are many additional coverages that can waste your money if you aren’t careful. Coverages like vanishing deductibles, accident forgiveness and motor club memberships may be costing you every month. They may seem good when talking to your agent, but if you don’t need them get rid of them and save.
  • More than one policy can earn a discount – Most insurers will give a discount to people who buy several policies from them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. If you currently are using one company, you still need to compare other company rates to verify if the discount is saving money. You may still be able to find a better deal by buying auto insurance from a different company.

Don’t pay full price with these discounts

Companies offering auto insurance don’t always advertise all available discounts very clearly, so we break down both well-publicized and the harder-to-find ways to save on auto insurance. If you’re not getting every credit you qualify for, you’re paying more than you need to.

  • Low Mileage Discounts – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Multiple Cars – Insuring all your vehicles on one policy may reduce the rate for each vehicle.
  • Multiple Policy Discount – If you have multiple policies with the same company you may earn at least 10% off all policies.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
  • Homeowners Savings – Owning a home in Memphis can save you money because maintaining a house is proof that your finances are in order.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way.

Your personal situation dictates your coverage

When buying the right insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions can help discover if you may require specific advice.

  • Is my vehicle covered for smoke damage?
  • Does my policy cover me when driving someone else’s vehicle?
  • What is the minimum liability in Tennessee?
  • Does medical payments coverage apply to all occupants?
  • Do I need PIP coverage since I have good health insurance?
  • Does my vehicle qualify for pleasure use?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and can provide invaluable advice.

A little work can save a LOT of money

Lower-priced auto insurance can be bought both online and with local Memphis insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not offer online quoting and most of the time these smaller companies sell through independent agents.

Memphis insurance quotes

When buying insurance coverage, never skimp on coverage in order to save money. There are too many instances where an insured cut collision coverage only to regret they didn’t have enough coverage. Your focus should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

We just showed you many tips how you can compare auto insurance prices online. It’s most important to understand that the more quotes you get, the higher your chance of finding lower rates. You may even find the best price on auto insurance is with a smaller regional carrier.

More detailed Tennessee auto insurance information is located at the Tennessee Department of Commerce and Insurance website. Visitors are able to find disaster information, discover disciplinary actions, and read consumer alerts.

Additional helpful sites include III.org’s auto insurance page and this page of Memphis insurance agents.