If you want to save the most money, the best way to get cheaper Chevy Avalanche insurance is to compare prices once a year from insurers that insure vehicles in Memphis.
Step 1: Get an understanding of individual coverages and the factors you can control to prevent rate increases. Many factors that cause high rates like distracted driving and a substandard credit score can be improved by being financially responsible and driving safely.
Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while independent agencies can quote rates for many different companies.
Step 3: Compare the new rate quotes to the price on your current policy and determine if cheaper Avalanche coverage is available. If you find better rates and change companies, make sure there is no lapse in coverage.
One thing to remember is to compare identical limits and deductibles on each price quote and and to get rates from as many car insurance companies as possible. This provides the most accurate price comparison and plenty of rates choose from.
It goes without saying that insurance companies want to keep you from comparing rates. Insureds who compare other rates are highly likely to buy a new policy because there is a high probability of finding lower prices. A study discovered that people who compared price quotes annually saved about $865 a year as compared to drivers who never shopped around for better prices.
If finding the lowest price for Chevy Avalanche insurance is the reason you’re reading this, then learning a little about how to quote and compare coverage rates can make shopping around easier.
If you have a policy now or are shopping for new coverage, use these cost-cutting techniques to get lower rates while maximizing coverage. Locating the best rates in Memphis is not that difficult as long as you know where to start. Consumers only need to know the most time-saving way to compare rate quotes on the web.
The easiest way to compare insurance rates in your area is to know the fact auto insurance companies allow for online access to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details including the ages of drivers, if you have an active license, how you use your vehicles, and whether your vehicle is owned or leased. That rating information gets sent immediately to all major companies and they return quotes immediately.
To compare multiple company affordable Chevy Avalanche insurance rates now, click here then complete the form.
The companies in the list below are ready to provide free quotes in Memphis, TN. If multiple companies are listed, we recommend you get prices from several of them in order to get a fair rate comparison.
Chevy Avalanche insurance rate analysis
The data table shown below outlines detailed analysis of policy rates for Chevy Avalanche models. Having a better understanding of how rate quotes are figured can assist in making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalanche LS 2WD | $196 | $342 | $470 | $28 | $140 | $1,176 | $98 |
| Avalanche LT 2WD | $196 | $404 | $470 | $28 | $140 | $1,238 | $103 |
| Avalanche LS 4WD | $196 | $404 | $470 | $28 | $140 | $1,238 | $103 |
| Avalanche LT 4WD | $196 | $404 | $470 | $28 | $140 | $1,238 | $103 |
| Avalanche LTZ 2WD | $218 | $404 | $470 | $28 | $140 | $1,260 | $105 |
| Avalanche LTZ 4WD | $218 | $404 | $470 | $28 | $140 | $1,260 | $105 |
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in Memphis location which can revise premium rates significantly.
Where to set your deductibles
A question often asked by Memphis drivers is which deductibles should you choose. The premium rates below can help you understand the differences in price when you choose different physical damage deductibles. The first data table uses a $250 deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalanche LS 2WD | $252 | $376 | $360 | $22 | $108 | $1,143 | $95 |
| Avalanche LT 2WD | $252 | $444 | $360 | $22 | $108 | $1,211 | $101 |
| Avalanche LS 4WD | $252 | $444 | $360 | $22 | $108 | $1,211 | $101 |
| Avalanche LT 4WD | $252 | $444 | $360 | $22 | $108 | $1,211 | $101 |
| Avalanche LTZ 2WD | $280 | $444 | $360 | $22 | $108 | $1,239 | $103 |
| Avalanche LTZ 4WD | $280 | $444 | $360 | $22 | $108 | $1,239 | $103 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalanche LS 2WD | $156 | $236 | $360 | $22 | $108 | $882 | $74 |
| Avalanche LT 2WD | $156 | $278 | $360 | $22 | $108 | $924 | $77 |
| Avalanche LS 4WD | $156 | $278 | $360 | $22 | $108 | $924 | $77 |
| Avalanche LT 4WD | $156 | $278 | $360 | $22 | $108 | $924 | $77 |
| Avalanche LTZ 2WD | $174 | $278 | $360 | $22 | $108 | $942 | $79 |
| Avalanche LTZ 4WD | $174 | $278 | $360 | $22 | $108 | $942 | $79 |
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Prices do not factor in Memphis location which can modify coverage rates substantially.
We can estimate from the data above that using a $250 deductible costs roughly $24 more each month or $288 for a full year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 31 months between claim filings, you would save more money by selecting a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $250 deductibles: | $101 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
Chevrolet Avalanche full coverage rates compared to liability only
The information below shows the comparison of Chevy Avalanche yearly insurance costs with liability coverage only compared to full coverage. The data is based on no claims or driving citations, $500 deductibles, single status, and no other discounts are factored in.
When to drop full coverage
There is no definitive rule for phasing out physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Chevy Avalanche claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,000 after you pay the deductible. If it’s costing you more than $300 a year to have full coverage, then you may need to consider dropping full coverage.
There are some scenarios where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Why insurance is not optional
Despite the high cost of buying insurance for a Chevy Avalanche in Memphis, insuring your vehicle serves several important purposes.
- Most states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability in order to drive the car legally. 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 have a lien on your Chevy, almost every bank will have a requirement that you have insurance to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Chevy for a lot more money and force you to reimburse them for the much more expensive policy.
- Insurance safeguards your Chevy and your assets. It will also provide coverage for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If you have damage to your Chevy as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your car more than offset the price you pay, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $830 a year so it’s very important to do a rate comparison at every renewal to make sure the price is not too high.
Why You Might Pay Increased Rates in Memphis
The best way to find cheaper insurance is to take a look at some of the things that come into play when calculating the rates you pay for insurance. When consumers understand what influences your rates, this empowers consumers to make smart changes that may reward you with lower rates.
The list below includes some of the factors used by companies to determine premiums.
Discounts for auto and home policies – Most major insurers give better rates to clients who buy several policies from them. It’s known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even with this discount applied, you still need to shop around to guarantee you are still saving the most.
More stress means more cost – Do you have a high-stress occupation? Careers like fire fighters, air traffic controllers, and financial analysts are shown to have higher average rates in part from job stress and lots of time spent away from family. Conversely, careers like actors, students and performers have the lowest average rates.
Liability is important – A critical coverage on your policy, liability insurance will afford coverage if you are found liable for damages caused by your negligence. Your liability coverage provides legal defense coverage which can cost thousands of dollars. It is affordable coverage compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Gender matters – The statistics show that females take fewer risks when driving. That doesn’t necessarily mean that females are better at driving than males. Males and females cause auto accidents at about the same rate, but the male of the species have accidents that have higher claims. Men also statistically receive more major tickets such as reckless driving.
The example below shows the difference between Chevy Avalanche insurance premiums for male and female drivers. The price estimates are based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
Cut insurance rates and deter theft – Choosing to buy a car with advanced anti-theft systems can save you a little every year. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms all hinder auto theft and help lower rates.
Add-on coverages can cost a lot – There are many extra add-on coverages that you can buy if you aren’t diligent. Insurance for coverage for rental cars, death and dismemberment, and membership fees could be just wasting money. You may think they are a good idea when talking to your agent, but if you have no use for them remove them from your policy.
Reduce rates by driving vehicles with better crash test results – Cars with five star safety ratings cost less to insure. Vehicles engineered for safety reduce the chance of injuries and reduced instances of injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If your Chevy has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
Memphis auto insurance company ratings
Finding the right insurer can be rather challenging considering how many different companies there are to choose from in Memphis. The ranking information below could help you select which auto insurance companies to look at shopping prices with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Compare car insurance prices regularly to save
In this article, we covered many tips how you can compare Chevy Avalanche insurance rates in Memphis. It’s most important to understand that the more you quote Memphis car insurance, the better your comparison will be. You may even discover the best rates are with an unexpected company. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.
Budget-conscious Chevy Avalanche insurance can be found on the web in addition to local insurance agencies, so you need to shop Memphis car insurance with both so you have a total pricing picture. A few companies may not provide online price quotes and most of the time these smaller providers sell through independent insurance agents.
While you’re price shopping online, you should never sacrifice coverage to reduce premiums. In many cases, someone dropped liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage for the lowest price, but do not skimp to save money.
Much more information about car insurance in Tennessee can be found at these links:
- Bodily Injury Coverage (Liberty Mutual)
- Who Has Cheap Auto Insurance Rates for Unemployed Drivers in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance Rates for Drivers with Bad Credit? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Seniors? (FAQ)
- Who Has the Cheapest Auto Insurance for 19 Year Olds in Memphis? (FAQ)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Vehicle Size and Weight FAQ (iihs.org)
- Credit Impacts Car Insurance Rates (State Farm)