Are you researching lower-priced Toyota Rav4 insurance in Memphis? If you've never shopped for Memphis car insurance quotes online, there's a good chance you are baffled by the diversity of auto insurance companies offering insurance in Memphis.
Astonishing but true according to a recent study, nearly 70% of consumers renewed their policy with the same company for at least four years, and nearly 40% of drivers have never shopped around. Tennessee drivers could save almost $475 every year just by getting comparison quotes, but most just don't grasp the actual amount they would save if they changed companies.
Cheapest companies for Toyota Rav4 insurance
The auto insurance companies shown below are our best choices to provide price quotes in Tennessee. If several companies are displayed, we suggest you compare several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$182||$304||$288||$18||$86||$878||$73|
|RAV4 Sport 2WD||$218||$432||$350||$20||$104||$1,124||$94|
|RAV4 Limited 4WD||$142||$258||$278||$16||$82||$776||$65|
|RAV4 Limited 2WD||$106||$196||$272||$16||$82||$672||$56|
|RAV4 Limited 2WD||$118||$232||$304||$18||$90||$762||$64|
|RAV4 Limited 2WD||$214||$424||$376||$22||$112||$1,148||$96|
|RAV4 Limited 4WD||$174||$342||$376||$22||$112||$1,026||$86|
|RAV4 Sport 4WD||$248||$448||$288||$18||$86||$1,088||$91|
|RAV4 Sport 4WD||$178||$348||$350||$20||$104||$1,000||$83|
|RAV4 Limited 4WD||$174||$342||$376||$22||$112||$1,026||$86|
|RAV4 Limited 4WD||$176||$298||$294||$18||$88||$874||$73|
|RAV4 Limited 2WD||$134||$232||$294||$18||$88||$766||$64|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums significantly.
Premiums by gender and age
The example below shows the comparison of Toyota Rav4 auto insurance costs for male and female drivers. The data is based on no accidents or driving violations, full coverage, $250 deductibles, marital status is single, and no discounts are factored in.
Cheaper Memphis auto insurance rates with discounts
The cost of insuring your cars can be expensive, but there could be available discounts that can dramatically reduce your bill. Some of these discounts will be visible when you quote, but once in a while a discount must be asked about prior to getting the savings.
- More Vehicles More Savings - Buying a policy with multiple cars or trucks on one policy can reduce the rates for all insured vehicles.
- Pay Early and Save - If paying your policy premium upfront instead of making monthly payments you can avoid the installment charge.
- First Accident Forgiveness - Not necessarily a discount, but some insurance companies may permit one accident without the usual rate increase as long as you don't have any claims for a certain period of time.
- Online Discount - A handful of larger companies will discount your bill up to fifty bucks get Memphis car insurance digitally online.
- No Claim Discounts - Claim-free drivers pay much less when compared to frequent claim filers.
- Discount for Good Grades - This discount may save you up to 25%. Earning this discount can benefit you well after school through age 25.
- Clubs and Organizations - Affiliation with a qualifying organization is a good way to get lower rates on auto insurance.
- Discounts for Seat Belt Usage - Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
- Safe Driver Discounts - Safe drivers may save up to 50% more than their less cautious counterparts.
Consumers should know that many deductions do not apply the the whole policy. Most only cut the price of certain insurance coverages like comp or med pay. Even though the math looks like all the discounts add up to a free policy, that's just not realistic.
To see insurance companies with discount rates in Memphis, follow this link.
There's no such thing as the perfect auto insurance policy
Always keep in mind that when comparing the right insurance coverage for your personal vehicles, there is no "best" method to buy coverage. Everyone's situation is a little different.
Here are some questions about coverages that might point out if your situation would benefit from an agent's advice.
- What are the best liability limits?
- Can good grades get a discount?
- Is my trailer covered?
- Can I afford low physical damage deductibles?
- Am I covered if my car is in a flood?
- I have a DUI can I still get coverage?
- Should I carry comprehensive and collision coverage?
- Is my custom paint covered by insurance?
If it's difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don't have a local agent, take a second and complete this form.
Shop online but buy locally
Some consumers still like to sit down with an agent. A good thing about comparing insurance prices online is you may find cheaper prices but also keep your business local. Buying insurance from neighborhood agents is important especially in Memphis.
To find an agent, once you fill out this simple form, your coverage information is immediately sent to companies in Memphis who want to provide quotes to get your business. There is no need to drive around because quoted prices will be sent to your email. You can find better rates without the usual hassles of price shopping. If you wish to compare prices from a specific car insurance provider, feel free to visit that company's website and fill out their quote form.
If you are wanting to purchase car insurance from an insurance agent, you should know the different types of agencies and how they can service your needs differently. Memphis agents can be described as either exclusive or independent.
Independent Car Insurance Agents (or Brokers)
Agents in the independent channel are not limited to a single company so they have the ability to put coverage through many different car insurance companies and find the cheapest rate. If premiums increase, the business is moved internally and you can keep the same agent.
If you are comparing car insurance prices, it's recommended you include several independent agencies in order to have the best price comparison. Many write coverage with companies you've never heard of which can be an advantage.
Shown below is a short list of independent agents in Memphis that can give you price quotes.
- C R Everhart Insurance Agency
5986 Knight Arnold Rd - Memphis, TN 38115 - (901) 362-0545 - View Map
- BURFORD INSURANCE AGENCY
3325 KIRBY PKWY STE 102 - Memphis, TN 38115 - (901) 507-6873 - View Map
- AutoSave Insurance
2550 Poplar Ave - Memphis, TN 38112 - (901) 458-1630 - View Map
Exclusive Car Insurance Agents
Agents in the exclusive channel normally can only provide a single company's rates and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are not able to place coverage with different providers so they are skilled at selling on more than just price. These agents are trained well on their products and sales techniques which can be an advantage. Consumers frequently buy insurance from these agents primarily because of the brand legacy and strong financial ratings.
Shown below is a list of exclusive insurance agents in Memphis that can give you comparison quotes.
- Kacky Kortenber - State Farm Insurance Agent
7900 Winchester Rd Ste 101 - Memphis, TN 38125 - (901) 757-0303 - View Map
- Sylvia Walker - State Farm Insurance Agent
2900 Kirby Pkwy Ste 2 - Memphis, TN 38119 - (901) 794-8848 - View Map
- Henry Hooper II - State Farm Insurance Agent
348 S Main St - Memphis, TN 38103 - (901) 575-0001 - View Map
Finding a good insurance agency is decision based upon more than just a cheap price quote. Below are some questions you should ask.
- Does the quote include credit and driving reports?
- Is the coverage adequate for your vehicle?
- Does the company have a local claim office in Memphis?
- What kind of financial rating does the company have?
- Is coverage determined by price?
- If they are an independent agency in Memphis, which companies do they recommend?
- Do they assist clients in filing claims?
Once you have received reasonable responses to your questions and an affordable coverage quote, chances are good that you have found an insurance agent that can provide car insurance coverage.
Car insurance companies are expert advertisers
State Farm and Allstate continually stream television, radio, and online ads. All the ads make the same claim about saving some big amount after switching to them. How does each company lower your prices? It's all in the words they use.
Most companies give the cheapest rates for the type of driver they prefer to insure. An example of this type of insured should be a married female, has no driving citations, and drives a safe vehicle. Any driver who fits that profile will qualify for the lowest prices in Memphis and will also save some money.
People who don't measure up to this ideal profile will probably be forced to pay a higher premium and business going elsewhere. The ads state "customers who switch" not "everyone who quotes" can get the lowest rates when switching. That's the way insurance companies can confidently make those claims.
Because of the profiling, drivers must compare as many free Memphis car insurance quotes as you can. It is just not possible to predict which insurance companies will have the lowest Toyota Rav4 insurance in Memphis.
Educate yourself about auto insurance coverages
Having a good grasp of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.
Uninsured and underinsured coverage
This coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle's damage.
Since many Tennessee drivers only carry the minimum required liability limits (25/50/15 in Tennessee), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance pay for expenses for ambulance fees, funeral costs and nursing services. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as fire damage, hail damage and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.
Liability coverage provides protection from damage that occurs to other people or property. It protects you against other people's claims, and doesn't cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/15 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $15,000 for damage to vehicles and property. Another option is a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things such as emergency aid, repair bills for other people's vehicles and medical expenses. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford. Tennessee state law requires minimum liability limits of 25/50/15 but you should think about purchasing more liability than the minimum.
This pays for damage to your Rav4 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things like hitting a mailbox, crashing into a ditch, damaging your car on a curb and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible on your Rav4 to save money on collision insurance.
Do the work, save more money
The cheapest Toyota Rav4 insurance in Memphis is available both online as well as from independent agents in Memphis, so you need to quote Memphis car insurance with both so you have a total pricing picture. Some insurance companies do not offer online quoting and most of the time these smaller providers sell through independent agents.
Throughout this article, we presented many tips how you can lower your Toyota Rav4 insurance car insurance rates in Memphis. The key thing to remember is the more you quote Memphis car insurance, the higher the chance of saving money. You may even discover the most savings is with the smaller companies.
As you prepare to switch companies, it's not a good idea to reduce coverage to reduce premium. Too many times, drivers have reduced liability coverage limits and found out when filing a claim that they should have had better coverage. Your aim should be to buy enough coverage at a price you can afford, but do not skimp to save money.
To read more, take a look at these articles:
- Should I Buy a New or Used Car? (Allstate)
- How Much is Tennessee Auto Insurance for High Mileage Drivers? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a GMC Acadia in Tennessee? (FAQ)
- Who Has the Cheapest Tennessee Car Insurance Quotes for Drivers with Accidents? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for 16 Year Olds in Tennessee? (FAQ)
- Who Has Affordable Tennessee Auto Insurance Quotes for Infrequent Drivers? (FAQ)
- Who Has Cheap Auto Insurance Rates for Teachers in Tennessee? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Get the Right Protection (InsureUonline.org)