Save Money on Chevy HHR Insurance in Memphis

Nobody loves paying for insurance, especially when their premiums are too high.

Everyone knows that auto insurance companies don’t want you to look for cheaper rates. Drivers who get comparison quotes once a year will, in all likelihood, switch companies because there is a good probability of finding coverage at a cheaper rate. A study showed that drivers who regularly shopped around saved over $860 a year as compared to drivers who never shopped for cheaper rates.

If saving the most money on Chevy HHR insurance in Memphis is your intention, knowing how to compare auto insurance can make it easier to find better rates.

Steps to finding low-cost rates for Chevy HHR insurance in Memphis

The best way to get more affordable Chevy HHR insurance in Memphis is to compare quotes once a year from insurance carriers in Tennessee.

• Step 1: Try to understand the different coverages in a policy and the factors you can control to prevent rate increases. Many rating criteria that result in higher rates such as at-fault accidents and a not-so-good credit score can be eliminated by paying attention to minor details. This article provides instructions to help prevent high rates and get discounts that may be available to you.
• Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive or State Farm, while independent agents can provide price quotes from multiple sources.
• Step 3: Compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you find a lower rate quote and make a switch, make sure coverage does not lapse between policies.
• Step 4: Notify your company or agent to cancel the current policy. Submit payment and a completed application for the new policy. As soon as you receive it, place the new certificate of insurance along with the vehicle’s registration papers.

The most important part of shopping around is that you’ll want to make sure you compare identical coverage information on each price quote and and to get quotes from every insurance company. This guarantees a fair price comparison and plenty of rates choose from.

Multiple auto insurance companies compete for your insurance dollar, so it can be very hard to choose a provider to get the lowest cost out there.

Finding cheap Memphis auto insurance prices is a great way to save money. Drivers just need to take a few minutes to get quotes to see which company has affordable Memphis car insurance quotes.

It’s so fast and easy to compare quotes online that it makes it a waste of time to physically go to insurance agencies in your area. The internet has reduced the need for local agents unless you have a complicated situation and need the trained advice of a licensed agent. Some companies do allow you to price shop online but buy from a local insurance agent.

The following companies are our best choices to provide price quotes in Tennessee. If you want cheap auto insurance in Tennessee, we suggest you compare several of them to get a more complete price comparison.

Rates and data analysis

The premium information displayed below covers different coverage costs for Chevy HHR models. Learning as much as possible about how policy rates are determined can benefit drivers when making informed decisions when comparing rates.

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in garaging location in Memphis which can decrease or increase premium rates noticeably.

An analysis of deductible level

When comparing auto insurance rates, the most common question is how high should the physical damage deductibles be. The comparison tables below illustrate the rate fluctuation of buying low and high comp and collision deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in vehicle location which can modify premiums noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you roughly $21 more each month or $252 annually across all Chevrolet HHR models than quoting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 19 months between claim filings, you would more than likely save some money if you opt for a higher deductible.

One important issue to know is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you do file a claim. That will necessitate a higher level of savings in the event you have to pay more for the deductible.

The information below demonstrates how deductible levels and can influence Chevy HHR insurance rates for different age groups. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are applied.

Why you need to buy car insurance

Despite the fact that car insurance is not cheap in Memphis, insurance is required in Tennessee but also provides important benefits.

• Almost all states have minimum liability requirements which means the state requires a specific level of liability protection in order to drive the car. 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 you bought your Chevy HHR with a loan, most banks will have a requirement that you have full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank will be required to insure your Chevy at a much higher premium rate and force you to pay for the expensive policy.
• Car insurance preserves both your assets and your vehicle. It will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to restore your vehicle to like-new condition.

The benefits of insuring your HHR outweigh the cost, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $810 a year so we recommend shopping around at every policy renewal to save money.

Educated Choices Result in Lower Insurance Premiums

A large part of saving on auto insurance is knowing some of the factors that go into determining your auto insurance rates. If you know what determines base rates, this helps enable you to make changes that may result in better auto insurance rates.

Qualify for multi-policy discounts – Most auto insurance companies give a discount to policyholders who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, you still need to compare other company rates to verify if the discount is saving money. It’s possible to still find a better deal by buying from different companies

Premiums are lower the older you get – Older, more experienced drivers are more responsible, statistically cause fewer accidents, and are safer drivers. Inexperience drivers are proven to be inattentive and easily distracted behind the wheel therefore auto insurance rates are much higher.

The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Long commutes cost more – The more you drive your Chevy in a year’s time the higher your rate. Most companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting cost less to insure than vehicles that have high annual mileage. An incorrectly rated HHR is throwing money out the window. Make sure your auto insurance policy is rated on the proper vehicle usage.

Prevent theft and save money – Selecting a car model with a theft deterrent system can help lower your rates. Advanced theft deterrents such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent car theft and help bring rates down.

Drivers with excellent credit save – Having a bad credit history will be a significant factor in determining your rates. Drivers with good credit tend to be more responsible and file fewer claims than those with bad credit. If your credit rating is not that good, you could be paying less to insure your Chevrolet HHR if you clean up your credit.

Job stress can affect rates – Did you know your career choice can influence rates? Careers like lawyers, business owners, and financial analysts tend to pay the highest average rates because of stressful work requirements and lots of time spent at work. On the other hand, careers like actors, historians and the unemployed have the lowest average rates.

Car insurance can get complicated

When choosing your policy, there is no “perfect” insurance plan. Everyone’s needs are different.

For instance, these questions can help discover whether your personal situation might need professional guidance.

• Can I afford low physical damage deductibles?
• Am I getting all the discounts available?
• Can I get by with minimal medical coverage if I have good health insurance?
• Are my friends covered when driving my car?
• What if I owe more than I can insure my car for?
• Is pet coverage available?
• How do I buy GAP insurance?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Persistent drivers can save

Affordable Chevy HHR insurance in Memphis can be found online and also from your neighborhood Memphis agents, and you should compare rates from both so you have a total pricing picture. Some insurance companies do not provide online price quotes and these small, regional companies sell through independent agents.

While you’re price shopping online, never skimp on coverage in order to save money. In many instances, an accident victim reduced physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your objective should be to buy the best coverage you can find at the best price but still have enough coverage for asset protection.

Insureds change insurance companies for a variety of reasons including delays in paying claims, being labeled a high risk driver, policy non-renewal or high prices. Regardless of your reason for switching companies, finding a great new company is easier than you think.

How to find cheaper quotes for Chevy HHR insurance in Memphis

If saving the most money is your goal, then the best way to get more affordable Chevy HHR insurance in Memphis is to compare prices annually from providers that sell auto insurance in Tennessee. Prices can be compared by following these steps.

• First, gain an understanding of what coverages are included in your policy and the changes you can make to lower rates. Many policy risk factors that cause high rates like speeding and an imperfect credit score can be controlled by paying attention to minor details.
• Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO and Allstate, while independent agencies can provide rate quotes from many different companies.
• Third, compare the quotes to the premium of your current policy and see if there is a cheaper rate in Memphis. If you find a lower rate quote and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

One tip to remember is to make sure you’re comparing similar limits and deductibles on each quote request and and to get quotes from as many companies as feasibly possible. Doing this guarantees a fair price comparison and the best price selection.

Helpful resources

• Choosing an Insurance Company (Insurance Information Institute)
• How Much is Car Insurance for Veterans in Memphis? (FAQ)
• Who Has Cheap Memphis Auto Insurance Quotes for a Jeep Grand Cherokee? (FAQ)
• Who Has Cheap Car Insurance Quotes for Low Mileage Drivers in Memphis? (FAQ)
• Who Has Cheap Memphis Auto Insurance for a Ford Explorer? (FAQ)
• Who Has Affordable Auto Insurance for Teenage Females in Memphis? (FAQ)
• Insuring a Leased Car (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Electronic Stability Control FAQ (iihs.org)
• What does Personal Injury Protection (PIP) Cover? (Allstate)