To save the most money, the best way to find cheaper Scion xB insurance in Memphis is to compare prices once a year from insurers in Tennessee.
- Read and learn about individual coverages and the measures you can control to prevent expensive coverage. Many things that drive up the price like speeding tickets, careless driving and a not-so-good credit rating can be amended by making minor driving habit or lifestyle changes. Read the full article for instructions to find cheap prices and find overlooked discounts.
- Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO and State Farm, while independent agents can provide prices from multiple insurance companies.
- Compare the new quotes to the premium of your current policy to determine if switching companies saves money. If you can save some money and switch companies, make sure coverage does not lapse between policies.
- Notify your current company of your intention to cancel your current auto insurance policy. Submit a signed application and payment to your new company or agent. As soon as coverage is bound, place your new proof of insurance certificate with your vehicle’s registration.
The most important part of shopping around is to use identical limits and deductibles on each price quote and and to get price quotes from all possible companies. Doing this provides a fair price comparison and the best price selection.
It’s hard to believe, but a large majority of drivers have remained with the same insurance company for a minimum of four years, and approximately 40% of consumers have never quoted rates to find lower-cost coverage. With the average insurance premium being $1,380, Memphis drivers could save themselves roughly 35% a year just by getting comparison quotes, but they think it’s difficult to shop their coverage around.
Keep in mind that quoting more helps improve the odds of finding a lower rate. Some insurance companies are not set up to provide Memphis xB insurance quotes online, so you also need to get price estimates on coverage from those companies, too.
The companies shown below are ready to provide comparison quotes in Tennessee. To buy the cheapest auto insurance in Memphis, TN, we suggest you compare several of them in order to get a fair rate comparison.
Scion xB insurance analysis
The table below covers detailed analysis of insurance prices for Scion xB models. Being aware of how rate quotes are formulated can help customers make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XB 2WD | $174 | $262 | $278 | $16 | $82 | $812 | $68 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Prices do not factor in specific zip code location which can impact coverage prices noticeably.
Scion xB liability rates compared to full coverage
The chart below illustrates the comparison of Scion xB auto insurance rates with and without physical damage coverage. The prices are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
When to drop full coverage
There is no definitive rule for dropping full coverage, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s assume your Scion xB settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying your policy deductible. If you are paying more than $700 a year for physical damage coverage, then it may be the right time to buy liability only.
There are a few situations where buying only liability insurance is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Auto insurance quotes from neighborhood Memphis auto insurance agents
Certain consumers would rather talk to a local agent and that is OK! One of the best bonuses of comparing insurance prices online is you may find cheap rate quotes and still have an agent to talk to.
To help locate an agent, after submitting this form (opens in new window), your coverage information is transmitted to companies in Memphis that can give you free Memphis car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to contact an agency as quotes are delivered to you. You can get cheaper auto insurance rates without requiring a lot of work. If for some reason you want to compare prices from a particular provider, feel free to navigate to their website to submit a rate quote request.
Finding the right provider is decision based upon more than just the price. Any agent in Memphis should have no problem answering these questions:
- Are they involved in claim handling?
- How does the company pay claims for a total loss?
- Are aftermarket or OEM parts used to repair vehicles?
- Which family members are covered?
- Is there a 24/7 contact number?
- What is their Better Business Bureau rating?
Choose the right auto insurance agent
If you prefer to buy auto insurance from an insurance agent, you should know the different agency structures and how they function. Auto insurance agents can be described as either independent or exclusive.
Exclusive Insurance Agents
Exclusive agents have only one company to place business with and examples are State Farm, AAA, and Liberty Mutual. These agents are not able to provide prices from multiple companies so they have to upsell other benefits. Exclusive agents are well trained on sales techniques which helps overcome the inability to quote other rates.
The following are Memphis exclusive insurance agents willing to provide comparison quotes.
Barry Sanders – State Farm Insurance Agent
6060 Quince Rd – Memphis, TN 38119 – (901) 767-2001 – View Map
Deloris Burrow – State Farm Insurance Agent
3558 Hickory Hill Rd – Memphis, TN 38115 – (901) 373-8052 – View Map
Farmers Insurance: Candace Hall
1444 E Shelby Dr #329 – Memphis, TN 38116 – (901) 345-2615 – View Map
Independent Auto Insurance Agencies
These agents are normally appointed by many insurers so as a result can place your coverage through many different auto insurance companies and find the cheapest rate. To transfer your coverage to a different company, the agent simply finds a different carrier without you having to go to a different agency. When comparison shopping, you need to contact a few independent agents to have the best price comparison.
Listed below are independent agents in Memphis that are able to give price quote information.
Boyle Insurance Agency, Inc.
5900 Poplar Ave – Memphis, TN 38119 – (901) 766-0200 – View Map
Oseman Insurance Agency
6750 Poplar Ave #410 – Memphis, TN 38138 – (901) 562-0151 – View Map
Kellett Insurance Agency
4608 Quince Rd – Memphis, TN 38117 – (901) 685-3008 – View Map
If you feel you receive positive responses to your questions and a low price estimate, you may have just found an insurance agent that is reliable enough to properly service your auto insurance policy.