Find Cheaper Mercury Mountaineer Insurance in Memphis

It takes a few minutes, but the best way to find cheaper prices for car insurance rates is to start doing an annual price comparison from insurers who provide auto insurance in Memphis.

Step 1: Get an understanding of what is in your policy and the measures you can take to prevent rate increases. Many rating criteria that cause rate increases such as your driving record and a negative credit rating can be remedied by improving your driving habits or financial responsibility.

Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and Allstate, while agents who are independent can quote rates from multiple sources.

Step 3: Compare the quotes to your current policy and determine if there is any savings. If you can save some money and buy the policy, verify that coverage does not lapse between policies.

Step 4: Notify your agent or company to cancel your existing policy and submit a completed application and payment for the new coverage. Don’t forget to place the new proof of insurance certificate with your vehicle’s registration.

A good piece of advice is to try to use identical coverages on every quote request and and to get rate quotes from as many different companies as possible. Doing this guarantees an accurate price comparison and a thorough selection of prices.

We don’t have to point out that fact that auto insurance companies don’t want you quoting rates from other companies. People who compare other rates will probably switch to a new company because there is a high probability of finding a cheaper policy. A study discovered that consumers who routinely compared quotes saved on average $865 a year as compared to drivers who never compared other company’s rates.

If finding budget-friendly rates on auto insurance in Memphis is the reason for your visit, then having some knowledge of how to shop and compare cheaper coverage can save money and time.

Buying the cheapest insurance in Memphis is really quite simple as long as you have a good starting point. In essence, every car owner who comparison shops for insurance most likely will be able to find better rates. But Tennessee car owners must learn the methods companies use to market insurance on the web because rates fluctuate considerably.

Low Cost companies for Mercury Mountaineer insurance

The companies shown below are our best choices to provide price quotes in Memphis, TN. If you want cheap auto insurance in TN, it’s a good idea that you visit several of them to get the most competitive price.

Analysis of coverages

The coverage information displayed next highlights a range of coverage prices for Mercury Mountaineer models. Being more informed about how car insurance premiums are figured can help you make smart choices when selecting a coverage provider.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in zip code location which can change premium rates considerably.

Auto insurance deductibles

A question often asked by Memphis drivers is which deductibles should you choose. The comparisons below can help you visualize the differences in premium rates when you select higher and lower deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rates do not factor in vehicle garaging location which can increase or decrease premiums significantly.

Based on the above data, using a $250 deductible will cost you approximately $23 more each month or $276 each year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 33 months between claims, you would most likely save money if you choose a higher deductible.

The illustration below shows how choosing a deductible and can change Mercury Mountaineer insurance costs for each different age group. The prices are based on a single female driver, full physical damage coverage, and no other discounts are factored in.

Rate difference between full and liability-only coverage

The information below illustrates the comparison of Mercury Mountaineer auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The data is based on no violations or claims, $250 deductibles, single status, and no discounts are factored in.

When to stop buying physical damage coverage

There is no specific rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Mercury Mountaineer claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying your policy deductible. If premiums are more than $200 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are a few situations where buying only liability insurance is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Affordable rates on Mercury Mountaineer insurance in Memphis with these auto insurance discounts

Companies offering auto insurance don’t list every discount very well, so the list below gives a summary of a few of the more common as well as the least known credits that you can use to lower your rates.

• Bundled Policy Discount – If you can bundle your auto and home insurance with the same company you could get a discount of at least 10 to 15 percent or more.
• Discounts for New Vehicles – Insuring a vehicle that is new can be considerably cheaper because new model year vehicles keep occupants safer.
• Student in College – Older children who attend college more than 100 miles from Memphis and won’t have access to an insured vehicle could get you a discount.
• Claim Free – Good drivers with no accidents can save substantially as opposed to frequent claim filers.
• Anti-lock Brake System – Cars and trucks that have anti-lock braking systems are safer to drive and earn discounts up to 10%.
• Mature Driver Discount – Older drivers could receive lower premium rates.
• Discount for Home Ownership – Owning a home in Memphis can help you save on auto insurance because it requires a higher level of personal finance.
• Discount for Low Mileage – Driving fewer miles can qualify you for cheaper prices.
• Driver’s Ed – Cut your cost by having your teen driver successfully take a driver’s education course in school or through a local driver safety program.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only apply to individual premiums such as comp or med pay. Even though it may seem like all the discounts add up to a free policy, that’s just not realistic.

The diagram below illustrates the comparison of Mercury Mountaineer insurance prices with and without some available policy discounts. The data assumes a male driver, a clean driving record, no at-fault accidents, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, multi-car, claim-free, and marriage discounts applied.

Some of the larger companies that may offer some of the discounts shown above include:

• Esurance
• The Hartford
• AAA
• GEICO
• State Farm

When quoting, ask every insurance company which discounts you qualify for. All car insurance discounts may not apply to policies everywhere.

You are unique and your insurance should be too

When quoting and comparing adequate coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

These are some specific questions can help discover if you would benefit from professional advice.

• Can I still get insurance after a DUI?
• Are my custom wheels covered?
• Am I covered if I hit someone who is not insured?
• What is the rate difference between pleasure use and commuting?
• Why am I required to get a high-risk car insurance policy?
• Who is covered by my policy?
• When does my teenage driver need to be added to my policy?
• Does every company file a SR-22 automatically?

If you can’t answer these questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form.

Exclusive or independent car insurance agents

Some people just prefer to get advice from a local agent and that is just fine! An additional benefit of comparing rates online is that you can find cheap rate quotes and still buy from a local agent.

Upon completion of this quick form, your insurance data is transmitted to local insurance agents who will give you quotes for your car insurance coverage. You never need to leave your computer since rate quotes are delivered to you instantly. You can most likely find cheaper rates AND a local agent. If for some reason you want to get a rate quote from one company in particular, you can always find their quoting web page to submit a rate quote request.

Finding a good insurer is decision based upon more than just a cheap quote. Here are some questions you should ask.

• Do they prorate repair cost based on vehicle mileage?
• Is coverage determined by price?
• What discounts might you be missing?
• Do they regularly work with personal auto policies in Memphis?
• Where are claims handled?
• How would your car be valued if totaled?
• If you raise deductibles, how much can you save?
• Will the agent or a CSR service your policy?

When looking for local Memphis agents, it helps to know the two different types of agencies and how they can service your needs differently. Car insurance agents can be described as either independent (non-exclusive) or exclusive.

Exclusive Insurance Agencies

Exclusive agencies can only place business with one company like State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to shop your coverage around so you might not find the best rates. Exclusive insurance agents are well trained on their company’s products which helps them compete with independent agents.

Below are Memphis exclusive agents willing to provide rate quotes.

More Memphis agents

Independent Car Insurance Agents

These type of agents do not have single company limitations so they can quote policies through many different car insurance companies and find you the best rates. If prices rise, your policy is moved internally without you having to go to a different agency. When comparing rates, you will definitely want to include rate quotes from multiple independent agents to maximize your price options.

Shown below is a list of independent insurance agencies in Memphis willing to provide price quotes.

More Memphis agents

After you get answers to your satisfaction to any questions you have and a good coverage price, chances are good that you have found a car insurance agent that meets the requirements to insure your vehicles. Just remember it’s your policy and you can cancel your coverage whenever you wish so never feel you’re contractually obligated to any specific agency with no way to switch.

Cheaper auto insurance premiums are out there

When shopping online for auto insurance, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where drivers have reduced full coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to buy a smart amount of coverage for the lowest price and still be able to protect your assets.

Consumers leave their current company for any number of reasons including high prices, delays in paying claims, denial of a claim or even poor customer service. It doesn’t matter why you want to switch switching companies is not as hard as you think.

Throughout this article, we presented many ideas to lower your Mercury Mountaineer insurance premium rates in Memphis. The most important thing to understand is the more companies you get prices for, the better your comparison will be. You may even be surprised to find that the lowest priced auto insurance comes from some of the smallest insurance companies.

Other resources

• Credit and Insurance Scores (Insurance Information Institute)
• Who Has Affordable Car Insurance Quotes for a Toyota Highlander in Memphis? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Good Drivers in Memphis? (FAQ)
• Who Has Cheap Memphis Auto Insurance for Business Use? (FAQ)
• What Car Insurance is Cheapest for Electric Cars in Memphis? (FAQ)
• How Much are Memphis Auto Insurance Quotes for a Mazda CX-7? (FAQ)
• How Much is Memphis Auto Insurance for a Company Car? (FAQ)
• Who Has the Cheapest Memphis Auto Insurance with Multiple Speeding Tickets? (FAQ)
• Top Signs Your Brakes are Giving Out (State Farm)
• Senior Drivers (Insurance Information Institute)