Save on Acura TL Insurance in Memphis

No normal person anticipates paying for car insurance, especially when they are aware that they could find lower prices if they just compared rates.

Regrettably, almost 70% of drivers have purchased from the same company for at least four years, and about 40% of consumers have never compared rates from other carriers. Tennessee drivers can cut their rates by roughly 35% a year by just comparing quotes, but they don’t believe how much savings they would realize if they switched to a cheaper policy.

There are many car insurance companies to pick from, and even though it’s nice to have a choice, so many choices can make it hard to find the lowest rates for Acura TL insurance in Memphis.

You should take the time to quote other rates before your policy renews because prices trend upward over time. Despite the fact that you may have had the lowest quotes on Acura TL insurance in Memphis last year other companies may now be cheaper. Block out anything you think you know about car insurance because it’s time to teach you the best way to save money, get proper coverage and the best rates.

Best companies for Acura TL insurance

The providers in the list below can provide free rate quotes in Tennessee. If you wish to find cheap car insurance in Tennessee, we recommend you get price quotes from several of them to find the cheapest auto insurance rates.

Detailed insurance information

The rate information below covers a range of insurance costs for Acura TL models. Learning a little about how rate quotes are figured can be valuable when making smart choices when comparing insurance rates.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rates do not factor in specific garaging location which can revise auto insurance rates substantially.

Choosing deductibles

A question often asked by Memphis drivers is what deductibles to buy. The data tables below can help you understand how much more rates are when you choose different insurance deductibles. The first data table uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium amounts do not factor in vehicle garaging location which can influence prices significantly.

Based on the above data, using a $100 deductible would cost the average driver about $34 more each month or $408 annually across all Acura TL models than quoting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 26 months between claims, you would save money going with the higher deductible.

An important sidenote is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have to file a claim. You will want to have enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

The diagram below illustrates how choosing a deductible and can change Acura TL yearly insurance costs for different categories of driver ages. The premium estimates are based on a married male driver, full coverage, and no discounts are applied.

Price comparison of only insuring for liability

The illustration below visualizes the comparison of Acura TL car insurance costs with full coverage compared to only the Tennessee minimum liability coverage. The rate quotes are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no set guideline of when to eliminate physical damage insurance, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Acura TL replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after the policy deductible has been paid. If you are currently paying more than $600 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where buying only liability insurance is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Affordable Memphis car insurance quotes with discounts

The price of auto insurance can be rather high, but you may qualify for discounts that you may not know about. Certain credits will be shown when you purchase, but some may not be applied and must be requested specifically before being credited.

• Low Miles Discount – Low mileage vehicles can earn discounted car insurance rates on garaged vehicles.
• Onboard Data Collection – Insureds that choose to allow their insurance company to analyze where and when they drive by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks if they are good drivers.
• Good Students Pay Less – This discount can save 20 to 25%. The good student discount can last up to age 25.
• Early Renewal Discounts – Some car insurance companies reward drivers for signing up before your current expiration date. You could save around 10% when you buy Memphis car insurance online.
• Homeowners Savings – Owning a house in Memphis can save you money because it requires a higher level of personal finance.
• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class as it will make them better drivers and lower rates.

A little disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. So when it seems like it’s possible to get free car insurance, you aren’t that lucky. Any qualifying discounts will help lower the cost of your policy.

The information below shows the difference between Acura TL car insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no claims or driving violations, Tennessee state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, claim-free, safe-driver, and homeowner discounts applied.

Larger car insurance companies and a partial list of their discounts are outlined below.

• GEICO policyholders can earn discounts including multi-vehicle, military active duty, multi-policy, good student, seat belt use, five-year accident-free, and emergency military deployment.
• Travelers discounts include multi-policy, multi-car, payment discounts, new car, good student, early quote, and continuous insurance.
• Farm Bureau has discounts for multi-policy, 55 and retired, renewal discount, driver training, multi-vehicle, good student, and safe driver.
• Liberty Mutual includes discounts for newly married, teen driver discount, safety features, newly retired, new vehicle discount, preferred payment discount, and multi-policy.
• American Family may have discounts that include good driver, mySafetyValet, accident-free, Steer into Savings, defensive driver, and bundled insurance.
• Progressive offers premium reductions for online quote discount, online signing, homeowner, multi-policy, good student, continuous coverage, and multi-vehicle.

Double check with each company or agent which discounts you qualify for. Discounts may not be available in Memphis.

Smart Choices Result in Lower Insurance Premiums

Lots of factors are part of the calculation when you get a price on insurance. Some of the criteria are obvious such as traffic violations, but others are less obvious like where you live and annual miles driven.

The itemized list below are some of the factors used by your company to calculate your rate level.

• Liability insurance limits should be high – The liability section of your policy will afford coverage in the event that a court rules you are at fault for physical damage or personal injury to other. It provides legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable compared to comp and collision, so insureds should have plenty of protection for their assets.
• High policy claims frequency drives up auto insurance rates – If you are the type of insured that files lots of claims you can definitely plan on increased rates or even have your policy non-renewed. Companies in Tennessee generally give better rates to insureds who do not file claims often. Your insurance policy is designed for larger claims.

• Traffic violations hurt – Good drivers receive lower rates as compared to careless drivers. Having just one speeding ticket or other violation may increase your cost by twenty percent. People who have careless violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to continue driving.

  The illustration below illustrates how speeding tickets and accident claims can influence Acura TL insurance prices for different age groups. The price estimates are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

• What’s your car’s NHTSA crash test rating? – Safe vehicles tend to have lower insurance rates. Safer cars have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If your Acura TL earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
• Employer impacts rates – Occupational choices like military generals, airline pilots, and financial analysts are shown to have higher rates than the rest of us attributed to intense work-related stress and extremely grueling work hours. On the flip side, careers like actors, historians and retirees have the lowest average rates.
• Marriage discount – Having a spouse can actually save you money on your auto insurance policy. Marriage generally demonstrates drivers are more stable financially and statistics prove married drivers tend to have fewer serious accidents.
• Rural areas have lower rates – Residing in less populated areas can be a good thing if you are looking for the lowest rates. People in densely populated areas tend to have congested traffic and longer commute times. Fewer drivers on the road means fewer accidents as well as less vandalism and auto theft.

• Insurance loss data for an Acura TL – Insurers factor in insurance loss information to help determine the rate you pay. Models that have higher claim frequency or loss amount will have a higher premium rate.

  The information below illustrates the historical insurance loss data for Acura TL vehicles. For each policy coverage type, the statistical loss for all vehicles, as an average, is represented as 100. Percentage values below 100 suggest a better than average loss history, while values that are 100 or greater indicate frequent claims or an increased likelihood of larger losses.

  
  

  Acura TL Insurance Claim Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Acura TLX 4dr 2WD	90	75	97	93	74	77
  Acura TLX 4dr 4WD	120		75

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

When do I need an agent’s advice?

When quoting and choosing proper insurance coverage, there really is not a one-size-fits-all type of policy. You are unique.

These are some specific questions can aid in determining whether or not you might need an agent’s assistance.

• If I drive on a suspended license am I covered?
• How much underlying liability do I need for an umbrella policy?
• Should I get collision insurance on every vehicle?
• Which companies will insure high-risk drivers?
• What is an adequate liability insurance limit?
• How long can I keep a teen driver on my policy?
• Do I get a pro-rated refund if I cancel my policy early?
• Is my Acura TL covered for smoke damage?
• How can I find cheaper teen driver insurance?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Local neighborhood insurance agents

A small number of people would rather talk to an insurance agent and that is a personal choice. A good thing about comparing insurance prices online is that you can obtain the lowest rates and also buy local. Supporting neighborhood insurance agencies is important especially in Memphis.

By using this quick form, the coverage information is sent to insurance agents in Memphis who can give free rate quotes for your auto insurance coverage. It’s much easier because you don’t need to leave your house as quotes are delivered immediately to you. You can get cheaper auto insurance rates AND an agent nearby. If you need to compare prices from one company in particular, you just need to jump over to their website and complete a quote there.

Choose an insurance agent wisely

If you’re trying to find a reputable insurance agent or broker, you must know there are a couple different types of agents and how they differ in how they quote coverages. Auto insurance agencies are either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agents (or Brokers)

Independent insurance agents can sell policies from many different companies so they can quote policies through many companies and potentially find a lower price. If they find a cheaper price, your agent can switch companies and you don’t have to find a new agent. If you need lower rates, you should always get quotes from a few independent agents to maximize your price options.

Shown below is a partial list of independent insurance agencies in Memphis who can help you get free auto insurance rate quotes.

More Memphis agents

Exclusive Agents

Agents of this type can only provide pricing for a single company and examples are State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. They receive extensive training on their company’s products which helps overcome the inability to quote other rates.

Below are Memphis exclusive agents that can give you price quote information.

More Memphis agents

Picking an car insurance agent needs to be determined by more than just the premium amount. You should also get answers to these questions.

• Is there a local claims center in Memphis?
• Are they actively involved in the community?
• Will a damage claim use OEM or aftermarket replacement parts?
• If you have an accident, will your rates go up?
• Is there any savings for paying the full premium?
• Which insurance companies are they affiliated with?

Affordable car insurance is out there

We covered many ideas to shop for Acura TL insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of getting affordable Memphis car insurance quotes. You may even discover the best premium rates are with some of the smallest insurance companies.

Insureds switch companies for many reasons like not issuing a premium refund, denial of a claim, unfair underwriting practices and even policy cancellation. It doesn’t matter what your reason, choosing a new company can be easier than you think.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. In many cases, an insured dropped uninsured motorist or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy the best coverage you can find at the best cost and still be able to protect your assets.

Steps to finding better rates for Acura TL insurance in Memphis

It takes a few minutes, but the best way to get cheaper Acura TL insurance in Memphis is to start comparing prices regularly from insurers that sell auto insurance in Tennessee.

1. Spend some time learning about the coverage provided by your policy and the measures you can take to keep rates low. Many rating criteria that are responsible for high rates such as accidents, traffic tickets, and your credit history can be eliminated by making minor changes in your lifestyle.
2. Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive and State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
3. Compare the quotes to your current policy premium to see if switching to a new carrier will save money. If you find better rates and switch companies, make sure there is no lapse in coverage.

The most important part of shopping around is to compare similar coverage information on each price quote and and to look at all possible companies. This provides an accurate price comparison and and a good selection of different prices.

To read more, take a look at the following helpful articles:

• Speed and Speed Limit FAQ (iihs.org)
• How Much is Car Insurance for Drivers with a Bad Driving Record in Memphis? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Toyota Tacoma in Memphis? (FAQ)
• Anti-Lock Brake FAQ (iihs.org)
• Should I Buy a New or Used Car? (Allstate)