How many years has it been since you compared more affordable Chevy Silverado insurance in Memphis? Did you make the mistake of buying an overpriced auto insurance policy? Believe me, there are many people just like you.
Unfortunately, a large majority of auto insurance policyholders have stayed with the same insurance company for more than four years, and nearly 40% of drivers have never even compared quotes to find affordable rates. Most drivers in Tennessee could save up to 35% every year by just comparing rate quotes, but they feel it's too difficult to compare other rate quotes. Many auto insurance companies vie for your hard-earned dollar, so it's not easy to compare every company and uncover the absolute cheapest price on Chevy Silverado insurance in Memphis.
It's important to check auto insurance prices occasionally due to the fact that insurance prices are constantly changing. Despite the fact that you may have had the best rates on Chevy Silverado insurance in Memphis on your last policy you will most likely find a better premium rate today. Ignore everything you know about auto insurance because you're going to get a crash course in the things you must know in order to save money, get proper coverage and the best rates.
The method we recommend to compare rates for Chevy Silverado insurance in Memphis is to take advantage of the fact most larger insurance companies will pay a fee to provide you with free rate quotes. All you need to do is provide information such as how much school you completed, your occupation, driver ages, and how much you drive. Your rating data is instantly submitted to all major companies and you will get price comparisons quickly.
If you wish to get multiple quotes for your Chevy Silverado now, click here and complete the quick form.
The following companies are ready to provide free rate quotes in Memphis, TN. If more than one company is shown, it's highly recommended you compare several of them in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$190||$356||$394||$24||$118||$1,082||$90|
|Silverado LS Regular Cab 4WD||$118||$224||$350||$20||$104||$816||$68|
|Silverado LT Regular Cab 2WD||$172||$312||$306||$18||$92||$900||$75|
|Silverado LT Regular Cab||$174||$320||$314||$18||$94||$920||$77|
|Silverado LS Extended Cab 4WD||$284||$448||$378||$22||$114||$1,246||$104|
|Silverado LT Extended Cab 4WD||$134||$232||$294||$18||$88||$766||$64|
|Silverado LT Extended Cab 2WD||$118||$232||$342||$20||$102||$814||$68|
|Silverado LS Extended Cab 2WD||$118||$244||$368||$22||$110||$862||$72|
|Silverado LT Crew Cab 4WD||$218||$450||$278||$16||$82||$1,044||$87|
|Silverado LS Crew Cab 2WD||$274||$608||$394||$24||$118||$1,418||$118|
|Silverado LS Crew Cab 4WD||$134||$274||$326||$20||$98||$852||$71|
|Silverado LT Crew Cab 2WD||$230||$408||$336||$20||$100||$1,094||$91|
|Silverado LTZ Extended Cab 2WD||$216||$434||$342||$20||$102||$1,114||$93|
|Silverado LTZ Extended Cab 4WD||$216||$434||$326||$20||$98||$1,094||$91|
|Silverado LTZ Crew Cab 2WD||$198||$350||$332||$20||$100||$1,000||$83|
|Silverado LTZ Crew Cab 4WD||$122||$236||$278||$16||$82||$734||$61|
|Silverado Crew Cab Hybrid 2WD||$320||$608||$378||$22||$114||$1,442||$120|
|Silverado Crew Cab Hybrid 4WD||$268||$596||$304||$18||$90||$1,276||$106|
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in garaging location in Memphis which can revise coverage prices greatly.
Age-based auto insurance rates by gender
The information below visualizes the comparison of Chevrolet Silverado insurance premiums for male and female drivers. The premiums assume no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied.
Driving violations and accidents
The chart below shows how traffic citations and at-fault fender-benders can increase Chevrolet Silverado car insurance costs for each different age category. The premiums are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
Chevy Silverado insurance discounts in Memphis
Car insurance companies don't always list their entire list of discounts very well, so the next list breaks down a few of the more well known as well as the least known auto insurance savings. If you aren't receiving every discount available, you're paying more than you need to.
- Student in College - Any of your kids who are attending college and do not take a car to college could qualify for this discount.
- Military Discounts - Being on active duty in the military may qualify for rate reductions.
- No Claim Discounts - Memphis drivers who stay claim-free have much lower rates when compared with bad drivers.
- Discount for Life Insurance - Insurance companies who offer life insurance give a small discount if you purchase a life policy as well.
- Paperless Signup - Certain companies will give you a small discount simply for signing online.
- Memphis Homeowners Discount - Owning your own home or condo can earn you a little savings since home ownership is proof of financial responsibility.
- Early Payment Discounts - If you pay your bill all at once as opposed to paying monthly you may reduce your total bill.
- Anti-theft Discount - Vehicles that have factory anti-theft systems are stolen with less frequency and earn discounts up to 10% off your Memphis auto insurance quote.
- 55 and Retired - If you're over the age of 55, you may be able to get a small decrease in premiums.
- Seat Belt Discounts - Drivers who require all vehicle occupants to fasten their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
A quick disclaimer, most discounts do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you could get a free auto insurance policy, insurance companies wouldn't stay in business.
Larger auto insurance companies and their offered discounts are shown below.
- Farmers Insurance includes discounts for teen driver, multi-car, electronic funds transfer, distant student, and early shopping.
- Esurance has discounts for emergency road assistance, defensive driver, Pac-12 alumni, safety device, Switch & Save, claim free, and online shopper.
- State Farm offers discounts including defensive driving training, multiple autos, driver's education, accident-free, and good student.
- GEICO may have discounts that include multi-vehicle, defensive driver, air bags, federal employee, good student, daytime running lights, and anti-theft.
- Allstate may include discounts for premier discount, good payer, economy car, anti-theft, new car, and resident student.
When getting a coverage quote, ask every company how many discounts you can get. Some discounts may not apply to policies in every state. To view providers that offer many of these discounts in Tennessee, click this link.
Three main reasons to buy insurance
Despite the high insurance cost for a Chevy Silverado in Memphis, insuring your vehicle serves several important purposes.
First, almost all states have mandatory liability insurance requirements which means the state requires specific limits of liability if you don't want to risk a ticket. 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.
Second, if you have a loan on your vehicle, almost all lenders will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may have to buy a policy to insure your Chevy at a much higher premium rate and require you to fork over for the much more expensive policy.
Third, insurance protects both your assets and your Chevy Silverado. Insurance will pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay for a defense attorney if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to have it repaired.
The benefits of buying insurance greatly outweigh the cost, specifically if you ever have a liability claim. But the average driver in Tennessee overpays as much as $855 a year so shop around each time the policy renews to help ensure money is not being wasted.
Do I need an insurance agency?
Some people would rather talk to an insurance agent and there is nothing wrong with that. Insurance agents can help determine the best coverages and help in the event of a claim. A good thing about comparing rate quotes online is that drivers can save money and get cheaper rates but still work with a licensed agent. And providing support for local insurance agents is still important in Memphis.
To help locate an agent, after submitting this quick form, the coverage information is transmitted to insurance agents in Memphis who will give you quotes for your insurance coverage. It makes it easy because there is no need to find an agent on your own because quoted prices will be sent immediately to you. If for some reason you want to get a price quote from a specific insurance company, feel free to go to their quote page and fill out their quote form.
Choose the right car insurance agent
When finding a reliable insurance agency, you need to know there are two different types of agencies and how they operate. Car insurance agents in Memphis are classified as either exclusive or independent agents depending on their company appointments. Either can do a good job, but it's important to know why they differ because it can influence which agent you choose.
Independent Agents (or Brokers)
Independent agents often have many company appointments and that allows them to write policies through lots of different companies depending on which coverage is best. If your premiums go up, your agent can switch companies which is easy for the insured. When comparing rates, you will definitely want to get insurance quotes from independent agents in order to have the best price comparison.
The following is a short list of independent agencies in Memphis who may provide price quotes.
Fred L. Davis Insurance Agency - Car Insurance Agency
1374 Airways Blvd - Memphis, TN 38114 - (901) 323-6159 - View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can usually just insure with one company like Allstate, Farmers Insurance or State Farm. Exclusive agencies are unable to provide other company's prices so always compare other rates. Exclusive agents are highly trained on sales techniques which helps them sell on service rather than price.
The following is a list of exclusive insurance agents in Memphis that can give you rate quotes.
Dan Crawford - State Farm Insurance Agent
5705 Stage Rd #160 - Memphis, TN 38134 - (901) 372-4400 - View Map
Finding a good auto insurance agent requires more thought than just a cheap price. The answers to these questions are important, too.
- Does their agency support local causes in Memphis?
- Do they review policy coverages at every renewal?
- Are there any extra charges for paying monthly?
- Do they assist clients in filing claims?
- Are they able to provide referrals?
- Which companies do they recommend if they are an independent agency?
- Are they properly licensed to sell insurance in Tennessee?
After getting answers to your satisfaction in addition to an acceptable price estimate, you may have found an insurance agent that is a good match to service your policy.