How many years has it been since you compared cheaper Chevy Cruze insurance in Memphis? Buying the lowest price Memphis Chevy Cruze insurance quotes on the internet may be somewhat difficult for vehicle owners who are beginners to quoting and buying insurance over the internet. With literally dozens of insurers available, how are vehicle owners expected to effectively compare all the different companies and get better insurance prices?
Astonishing but true according to a recent study, the vast majority of consumers kept buying from the same company for four years or more, and nearly the majority have never shopped around. Memphis insurance shoppers could cut their rates by roughly 35% a year by just comparing quotes, but they don't know how much savings they would realize if they bought a different policy.
Best companies for Chevy Cruze insurance
The companies shown below provide comparison quotes in Memphis, TN. If the list has multiple companies, we recommend you compare several of them to find the lowest auto insurance rates.
Car insurance quotes and discounts
Properly insuring your vehicles can get expensive, but there could be available discounts that can drop the cost substantially. Some of these discounts will be visible when you purchase, but a few need to be asked for prior to getting the savings.
- Discount for Good Grades - This discount can earn a discount of 20% or more. The good student discount can last until age 25.
- New Vehicle Savings - Buying insurance on a new vehicle may earn a small discount because new vehicles have to meet stringent safety requirements.
- Pay Early and Save - By making one initial payment instead of paying each month you could save 5% or more.
- Driver's Ed - Teen drivers should successfully take a driver's education course in school.
- Federal Government Employee - Active or retired federal employment can save as much as 8% depending on your car insurance provider.
- Drive Safe and Save - Drivers without accidents can pay as much as 50% less than drivers with accident claims.
Please keep in mind that many deductions do not apply to the entire policy premium. Most only cut the cost of specific coverages such as collision or personal injury protection. Even though the math looks like it's possible to get free car insurance, it just doesn't work that way.
Companies that may have many of the previously listed discounts possibly include:
Before you buy a policy, ask all the companies the best way to save money. A few discounts might not apply in your state. For a list of companies with the best Chevy Cruze insurance discounts in Tennessee, click here to view.
Neighborhood Memphis auto insurance agents
Some people prefer to have an agent's advice and that is just fine! A good thing about price shopping on the web is the fact that drivers can get the lowest rates and still have an agent to talk to. Buying from and supporting neighborhood agents is definitely important in Memphis.
To find an agent, once you fill out this quick form, your insurance coverage information is sent to local insurance agents in Memphis that can provide free Memphis car insurance quotes to get your business. You won't need to contact an agency due to the fact that quote results will go to you instantly. You'll get the best rates and a licensed agent to talk to. If you want to compare rates from a specific company, you can always visit that company's website and complete a quote there.
Independent or Exclusive: It's your choice
If you would like to find a reputable insurance agent or broker, you must know there are a couple different agency structures and how they differ in how they can insure your vehicles. Agents are either independent (non-exclusive) or exclusive.
Independent insurance agents are not restricted to one company so they can write business with many different companies depending on which coverage is best. If your premiums go up, they simply move your policy to a different company which makes it simple for you.
If you are comparing rate quotes, you should always contact independent agents to get the best comparison. Many independent agencies also insure through mutual insurance companies that many times have cheaper rates.
Listed below are Memphis independent agencies who may provide free car insurance quotes.
- Nationwide Insurance: The James Agency LLC
4778 Summer Ave Ste 1 - Memphis, TN 38122 - (901) 266-5507 - View Map
- Smith-Berclair Insurance
855 Ridge Lake Blvd #400 - Memphis, TN 38120 - (901) 753-4323 - View Map
- Oseman Insurance Agency
6750 Poplar Ave #410 - Memphis, TN 38138 - (901) 562-0151 - View Map
Exclusive Car Insurance Agencies
Agents that choose to be exclusive can only quote rates from one company and some examples include Allstate, State Farm and Farm Bureau. These agents are not able to place coverage with different providers so they have to upsell other benefits. They are usually quite knowledgeable on the products they sell and that can be a competitive advantage. A lot of people buy insurance from these agents partially due to the brand instead of buying on price only.
Shown below are exclusive agencies in Memphis that can give you rate quotes.
- Allstate Insurance: Josh Roman
579 S Perkins Rd - Memphis, TN 38117 - (901) 683-8600 - View Map
- Heath Johnson - State Farm Insurance Agent
2657 Appling Rd #101 - Memphis, TN 38133 - (901) 372-2228 - View Map
- Allstate Insurance: Don Rogers
5812 Winchester Rd - Memphis, TN 38115 - (901) 794-3771 - View Map
Picking the best insurance agency shouldn't rely on just the bottom line cost. Some important questions to ask are:
- Do they see any coverage gaps in your plan?
- Is coverage determined by price?
- By raising physical damage deductibles, how much would you save?
- Are aftermarket or OEM parts used to repair vehicles?
- Do the companies they represent have a solid financial rating?
- How much training do they have in personal risk management?
What car insurance coverages do you need?
Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.
Collision insurance will pay to fix damage to your Cruze from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims such as rolling your car, driving through your garage door and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It's also possible to increase the deductible on your Cruze to save money on collision insurance.
Liability auto insurance
This coverage provides protection from injuries or damage you cause to other people or property. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/15 which stand for $25,000 in coverage for each person's injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $15,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for claims like loss of income, repair costs for stationary objects and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible. Tennessee state minimum liability requirements are 25/50/15 but you should think about purchasing better liability coverage.
Comprehensive car insurance
This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things like hail damage, falling objects, hitting a bird and rock chips in glass. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle's value is low it's not worth carrying full coverage.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like surgery, hospital visits and dental work. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage provides protection when the "other guys" either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle's damage.
Since many Tennessee drivers only purchase the least amount of liability that is required (which is 25/50/15), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits do not exceed the liability coverage limits.
The most affordable rates come from being thorough
Consumers who switch companies do it for a variety of reasons including not issuing a premium refund, high rates after DUI convictions, lack of trust in their agent or even policy cancellation. It doesn't matter why you want to switch switching companies can be easier than you think.
When searching for affordable Chevrolet Cruze insurance quotes, it's very important that you do not buy poor coverage just to save money. In many cases, drivers have reduced collision coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage for the lowest price, but do not skimp to save money.
We covered a lot of techniques to compare Chevy Cruze insurance prices in Memphis. It's most important to understand that the more rate comparisons you have, the better likelihood of getting the cheapest Chevrolet Cruze rate quotes. Drivers may even discover the best price on car insurance is with a company that doesn't do a lot of advertising.
To read more, feel free to browse the resources below:
- Drunk Driving Statistics (Insurance Information Institute)
- Who Has Affordable Tennessee Auto Insurance Rates for a Toyota Tundra? (FAQ)
- Who Has Cheap Tennessee Auto Insurance Rates for a Ford Explorer? (FAQ)
- Who Has Affordable Car Insurance Rates for a Jeep Wrangler in Tennessee? (FAQ)
- Who Has Affordable Car Insurance Rates for a School Permit in Tennessee? (FAQ)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- All About Airbag Safety (State Farm)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)