How long has it been since you compared quotes for cheaper Buick LaCrosse insurance in Memphis? Overpriced auto insurance in Memphis can bleed your funds and make it impossible to make ends meet. Getting a rate comparison is a smart way to reduce premiums and put more money in your pocket.
Unbelievably, a large majority of auto insurance policyholders renewed their policy with the same company for at least the last four years, and nearly the majority have never taken the time to shop around. Tennessee drivers could cut their rates by as much as 35% a year by just comparing rate quotes, but they just don't understand how easy it is to do a rate comparison.
Lots of car insurance companies contend for your business, so it's not easy to compare every insurer and get the definite lowest price on Buick LaCrosse insurance in Memphis.
Smart consumers take time to compare premium rates as often as possible since insurance prices fluctuate regularly. Even if you think you had the best deal on Buick LaCrosse insurance in Memphis a couple years back you can probably find a better rate now. Forget all the misinformation about auto insurance because you're going to get a crash course in the quickest way to save money, get proper coverage and the best rates.
If you have insurance now, you will surely be able to find better prices using this strategy. Locating the best rates in Memphis is not that difficult. Nevertheless, Tennessee car owners must understand how companies determine premium rates and take advantage of how the system works.
Get Buick LaCrosse Insurance More Affordably
The best way to find cheaper car insurance is to take a look at a few of the rating criteria that help calculate the price you pay for car insurance. If you have some idea of what determines premiums, this helps enable you to make changes that may result in big savings.
The list below includes some of the items used by your company to calculate prices.
Teenage drivers are expensive to insure - Older insureds are viewed as being more responsible, tend to file fewer claims, and are generally more financially stable.Teenage drivers have been known to be less responsible with other occupants in the car so car insurance rates are higher.
Battle of the sexes - Statistics demonstrate women tend to be less risk to insure than men. That doesn't necessarily mean that females are better at driving than males. Females and males cause auto accidents at about the same rate, but the men cause more damage. Men also tend to get cited for more serious violations like reckless driving and DUI. Young males have the highest risk to insure so they pay the highest premiums.
Use but don't abuse your insurance - If you frequently file small claims, you shouldn't be surprised to get either policy cancellation or increased premiums. Car insurance companies in Tennessee give discounts to drivers who file claims infrequently. Your car insurance is intended to be relied upon for more catestrophic claims.
Eliminate extra coverages - Policies have extra add-on coverages that you can buy if you aren't careful. Things like roadside assistance, accident forgiveness, and extra equipment coverage are examples of these. The coverages may be enticing when talking to your agent, but your needs may have changed so eliminate them to save money.
Claims statistics for a Buick LaCrosse - Companies factor in historical loss data to calculate a price that will offset any claims. Models that are shown to have higher claim amounts or frequency will cost more for specific coverages.
The next table illustrates the collected loss data for Buick LaCrosse vehicles. For each coverage type, the claim amount for all vehicles compiled together equals 100. Percentages below 100 suggest a better than average loss history, while values over 100 indicate higher probability of having a loss or a tendancy for claims to be larger.
Insurance Loss Ratings for Buick LaCrosse Vehicles
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Buick LaCrosse 2WD||96||85||93||100||109||92|
|Buick LaCrosse 4WD||101||92||113|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When quoting car insurance, remember that having more price comparisons helps improve the odds of finding a lower rate than you're paying now. Some smaller insurers do not give online Memphis LaCrosse insurance quotes, so you should also compare rates from the smaller companies as well.
The providers in the list below are ready to provide free rate quotes in Tennessee. If multiple companies are listed, it's highly recommended you visit as many as you can in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lacrosse CXL AWD||$160||$304||$236||$14||$70||$784||$65|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Prices do not factor in specific garaging location which can alter coverage prices greatly.
How violations and accidents impact rates
The diagram below shows how traffic citations and fender-benders can increase Buick LaCrosse car insurance costs for different age groups. The premium estimates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
Do you need full coverage?
The chart below illustrates the difference between Buick LaCrosse auto insurance costs with and without physical damage coverage. Data assumes no violations or claims, $1,000 deductibles, married female driver, and no discounts are applied.
Guidelines for eliminating full coverage
There isn't a written rule for excluding full coverage, but there is a general convention. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let's pretend your Buick LaCrosse book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying your deductible. If it's costing you more than $500 annually to have full coverage, then it might be time to buy liability only.
There are a few cases where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Don't believe everything you hear
Big name companies like State Farm, Allstate and GEICO endlessly run television and radio advertisements. All the ads advertise the message that people will save if you get a free Memphis car insurance quote and switch to their company. How does every company cost less than your current company? It's all in the wording.
Companies have underwriting criteria for the type of driver they prefer to insure. For example, this type of driver might have to be over the age of 45, has no prior claims, and the vehicle is rated for pleasure use. Any driver who fits those characteristics will qualify for the lowest premium rates in Memphis and have a good chance to save when switching.
People who don't qualify for these standards will probably have to pay higher premiums which usually ends up with business going elsewhere. If you listen closely, the ads state "drivers who switch" but not "everyone who gets a quote" save that much money. That's why companies can truthfully lure you into getting a quote.
Because of this risk profiling, drivers should do a quote comparison often. It is just not possible to predict the company that will have the lowest Buick LaCrosse insurance in Memphis.
Three reasons to not skimp on insurance
Despite the high cost, insurance is not optional due to several reasons.
- Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to get the vehicle licensed. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your vehicle has a loan, it's guaranteed your bank will have a requirement that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Buick at a much higher premium rate and force you to pay for the expensive policy.
- Insurance safeguards both your Buick LaCrosse and your assets. Insurance will pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of carrying adequate insurance greatly outweigh the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is wasting up to $865 each year so you should quote and compare rates at every renewal to help ensure money is not being wasted.
Do you qualify for discounts on Buick LaCrosse insurance in Memphis?
Auto insurance is not cheap nor is it fun to buy but you might find some hidden discounts that can dramatically reduce your bill. Most are applied when you get a quote, but some must be specifically requested before being credited.
- Mature Driver Discount - Older drivers can possibly qualify for a small decrease in premiums.
- Professional Memberships - Having an affiliation with a civic or occupational organization in Memphis may earn a discount on auto insurance.
- Responsible Driver Discount - Drivers without accidents can save as much as half off their rates as compared to drivers with claims.
- First Accident Forgiveness - Not really a discount, but a few companies such as Progressive, State Farm and GEICO allow you one accident without getting socked with a rate hike so long as you haven't had any claims before the accident.
- Discount for Life Insurance - Some insurance companies give a discounted price on car insurance if you buy life insurance from them.
- Discounts for Seat Belt Usage - Buckling up and requiring all passengers to buckle up before driving could save 15% off the PIP or medical payment premium.
- Driver's Education for Students - Require your teen driver to complete a driver education course as it can save substantially.
- Defensive Driver Discounts - Taking time to complete a class that teaches safe driver techniques can save you 5% or more and make you a better driver.
A little disclaimer on discounts, most discount credits are not given the the whole policy. Some only apply to individual premiums such as liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, you aren't that lucky.
A few companies that may offer most of the discounts above include:
When getting free Memphis car insurance quotes, it's a good idea to all the companies which discounts can lower your rates. Depending on the company, some discounts might not apply in Memphis. To see insurers who offer discounts in Tennessee, click here to view.
When should I get advice from an insurance agency?
Some consumers still prefer to buy from a licensed agent and doing so can bring peace of mind A nice benefit of comparing rate quotes online is that you can obtain better rates and still buy from a local agent. Supporting small agencies is especially important in Memphis.
To help locate an agent, after submitting this simple form, the coverage information is submitted to insurance agents in Memphis that provide free Memphis car insurance quotes for your coverage. You never need to visit any agencies because prices are sent immediately to your email address. You can find the lowest rates and work with a local agent. If you need to quote rates from a particular provider, feel free to navigate to their website and submit a quote form there.
When looking for a local insurance agency, it helps to know the two different types of agents that you can choose from. Agencies in Memphis are classified as either exclusive or independent agents depending on their company appointments.
Independent Insurance Agents
Agents of this type are not restricted to one company so they can write business amongst many companies and potentially find a lower price. If your agent finds better pricing, they simply switch companies in-house and you don't have to find a new agent. When comparing rates, it's recommended you check rates from several independent insurance agents so that you can do a thorough price comparison.
Featured below is a short list of independent agents in Memphis who can help you get free car insurance quotes.
Nationwide Insurance: Tri-State Insurance Agency Inc
5545 Murray Ave Ste 107 - Memphis, TN 38119 - (901) 767-3379 - View Map
Exclusive Car Insurance Agents
Exclusive insurance agents have only one company to place business with and examples are Allstate, State Farm and Farmers Insurance. Exclusive agents cannot provide rate quotes from other companies so it's a take it or leave it situation. These agents receive extensive training on the products they sell which helps them sell insurance even at higher premiums.
The following are exclusive insurance agencies in Memphis who can help you get price quotes.
Choosing the best auto insurance agent should depend on more than just the quoted price. Any agent in Memphis should be forthright in answering these questions:
- Does the agency have a positive business rating?
- What kind of financial rating does the company have?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are claim adjusters local or do you have to take your car somewhere else?
- How are they compensated?
- Are they able to influence company decisions when a claim is filed?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
One last thing to lower rates
As you restructure your insurance plan, never sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your objective should be to buy the best coverage you can find at the lowest possible cost while still protecting your assets.
We've covered some good ideas how you can find cheaper Buick LaCrosse insurance in Memphis. The key thing to remember is the more you quote Memphis car insurance, the better chance you'll have of finding affordable Buick LaCrosse insurance quotes. Consumers may even find the lowest car insurance rates are with a lesser-known regional company. Some small companies may only write in your state and offer lower premium rates than the large multi-state companies such as Progressive or GEICO.
Even more information is available at these sites:
- Young Drivers: The High Risk Years Video (iihs.org)
- Who Has Affordable Auto Insurance Rates for a Nissan Sentra in Tennessee? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Red Light Cameras (State Farm)