Anyone knows that insurance companies don’t want you quoting rates from other companies. Drivers who shop around for the cheapest rate are likely to move their business because there is a good probability of finding better rates. A recent survey revealed that consumers who regularly compared price quotes saved over $3,450 over four years as compared to drivers who never compared rates.
If finding the best rates on Mitsubishi Endeavor insurance is the reason you’re here, then learning about how to shop and compare auto insurance can help make the process easier.
The best way to find lower priced Mitsubishi Endeavor insurance is to compare prices once a year from providers in Memphis. Prices can be compared by following these guidelines.
- Spend some time learning about policy coverages and the things you can change to prevent high rates. Many rating criteria that result in higher prices such as traffic violations and an unacceptable credit history can be controlled by making lifestyle changes or driving safer.
- Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while agents who are independent can give you price quotes from many different companies.
- Compare the new quotes to the premium of your current policy and see if you can save money. If you can save some money and buy the policy, make sure there is no coverage gap between policies.
- Tell your current company to cancel your current coverage and submit payment and a completed application to your new carrier. As soon as you can, keep your new proof of insurance paperwork above your visor, in the console, or in the glove compartment.
The most important part of this process is to use similar deductibles and liability limits on each quote and and to get price quotes from every company you can. This helps ensure a fair price comparison and the best price quote selection.
Quoting and comparing the most affordable insurance in Memphis is not as confusing as people think. Basically, everyone who is shopping for insurance will most likely buy a cheaper policy. Although Tennessee drivers must comprehend the way companies determine premium rates and take advantage of how the system works.
The majority of larger companies provide coverage prices online. Getting Mitsubishi Endeavor insurance prices online is quite simple as you simply type in your required coverages as detailed in the form. Behind the scenes, the quote system automatically retrieves information on your driving record and credit history and gives you a price quote based on many factors.
Quoting online for Mitsubishi Endeavor insurance in Memphis streamlines rate comparisons, and it is imperative to compare as many rates as possible if you want to find a better rate.
In order to find out how much you can save on car insurance, compare quotes from the companies shown below. If you currently have coverage, we recommend you duplicate the limits and deductibles just like they are on your policy. This ensures you will have rate quotes for the exact same coverage.
The companies shown below provide comparison quotes in Memphis, TN. If you want to find the best car insurance in Memphis, TN, it’s highly recommended you compare several of them to find the cheapest car insurance rates.
Coverage analysis
The coverage information below showcases different insurance prices for Mitsubishi Endeavor models. Having a good understanding how insurance policy rates are formulated can assist in making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Endeavor LS 2WD | $244 | $516 | $350 | $20 | $104 | $1,234 | $103 |
| Endeavor LS AWD | $244 | $516 | $350 | $20 | $104 | $1,234 | $103 |
| Endeavor SE 2WD | $244 | $516 | $350 | $20 | $104 | $1,234 | $103 |
| Endeavor SE AWD | $274 | $516 | $350 | $20 | $104 | $1,264 | $105 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Premium amounts do not factor in garaging location in Memphis which can lower or raise premiums noticeably.
Rate comparison for different deductibles
One of the most common auto insurance questions is how high should the deductibles for physical damage be. The following tables lay out the cost difference of buying low and high insurance deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Endeavor LS 2WD | $224 | $376 | $288 | $18 | $86 | $1,017 | $85 |
| Endeavor LS AWD | $224 | $376 | $288 | $18 | $86 | $1,017 | $85 |
| Endeavor SE 2WD | $224 | $376 | $288 | $18 | $86 | $1,017 | $85 |
| Endeavor SE AWD | $252 | $376 | $288 | $18 | $86 | $1,045 | $87 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Endeavor LS 2WD | $182 | $304 | $288 | $18 | $86 | $878 | $73 |
| Endeavor LS AWD | $182 | $304 | $288 | $18 | $86 | $878 | $73 |
| Endeavor SE 2WD | $182 | $304 | $288 | $18 | $86 | $878 | $73 |
| Endeavor SE AWD | $204 | $304 | $288 | $18 | $86 | $900 | $75 |
| Get Your Own Custom Quote Go | |||||||
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, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in vehicle garaging location which can modify prices significantly.
Based on these figures, using a $250 deductible costs about $12 more each month or $144 every year averaged for all Endeavor models than quoting the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 21 months between claim filings, you would save more money by going with a higher deductible. The illustration below shows the way you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $86 |
| Average monthly premium for $500 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $12 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $12 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
One important note is that raising deductibles means you will have to pay more when you have a comprehensive or collision claim. You need to make sure you have enough disposable savings in order to pay more to get your vehicle repaired.
Driving violations and accidents
The illustration below highlights how speeding tickets and fender-benders can increase Mitsubishi Endeavor insurance premiums for each different age category. The information is based on a married female driver, full coverage, $500 deductibles, and no additional discounts are factored in.
Liability only or full coverage
The chart below shows the difference between Mitsubishi Endeavor auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The rates are based on no claims or driving violations, $500 deductibles, single marital status, and no policy discounts are applied.
Should you pay for full coverage?
There is no set rule for excluding physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s assume your Mitsubishi Endeavor book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Insurance is not optional in Tennessee
Despite the high cost, maintaining insurance serves a purpose in several ways.
First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance 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.
Second, if your Endeavor has a lienholder, most lenders will stipulate that you carry insurance to guarantee their interest in the vehicle. If you default on your policy, the bank will be required to insure your Mitsubishi at a significantly higher premium and require you to reimburse them much more than you were paying before.
Third, insurance protects your Mitsubishi and your assets. Insurance will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having insurance more than cancel out the cost, particularly when you have a large claim. On average, a vehicle owner in Memphis overpays as much as $825 a year so it’s very important to do a rate comparison every year to be sure current rates are still competitive.
How You Can Control Mitsubishi Endeavor Insurance Rates
An important part of buying insurance is that you know a few of the rating criteria that are used to determine your auto insurance rates. When you know what positively or negatively determines base rates, this enables you to make decisions that can help you get lower auto insurance prices.
Does auto insurance cost more for males? – Statistics have proven that females take fewer risks when driving. The data does not necessarily mean that women are better drivers. Both sexes get in fender benders at a similar rate, but the males cause more damage and cost insurance companies more money. Not only that, but men also get more serious tickets like driving under the influence (DUI).
The example below illustrates the comparison of Mitsubishi Endeavor auto insurance rates for male and female drivers. The premiums assume no claims or driving violations, full coverage, $100 deductibles, drivers are single, and no policy discounts are applied.
How much liability – The liability section of your policy will provide protection in the event that you are ruled to be at fault for an accident. Your liability coverage provides legal defense up to the limits shown on your policy. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so do not cut corners here.
Decrease premiums by maintaining coverage – Allowing your coverage to lapse will be a fast way to pay more for auto insurance. Not only will you pay higher rates, being ticketed for driving with no insurance could result in a hefty fine and possibly a revoked license.
Don’t buy extra policy coverages that aren’t used – There are a ton of optional add-on coverages that you can get tricked into buying if you aren’t diligent. Insurance for roadside assistance, accident forgiveness, and extra life insurance coverage may not be needed and are just wasting money. They may sound like good ideas when buying your policy, but if they’re wasting money think about removing them and cutting costs.
Big cities mean more claims – Residing in small towns and rural areas has it’s advantages when insuring your vehicles. Lower population translates into fewer accident claims in addition to fewer liability claims. Residents of big cities have to deal with more aggressive driving styles and more time behind the wheel. More time commuting statistically corresponds to a higher accident and claim rate.
Do you qualify for discounts?
Some companies don’t list the entire discount list in a way that’s easy to find, so we researched some of the best known and the more hidden ways to save on auto insurance. If they aren’t giving you every credit you deserve, you could be saving more on your auto insurance.
- Fewer Miles Equal More Savings – Keeping the miles down on your Mitsubishi can earn lower prices on the low mileage vehicles.
- Bundle and Save – If you can combine your auto and homeowners policy and place coverage with the same company you will save approximately 10% to 15%.
- Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency so companies will give you a small discount.
- Discounts for Responsible Drivers – Accident-free drivers may save up to 50% more than drivers with accidents.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts up to 30%.
- Safety Restraint Discount – Requiring all passengers to buckle up before driving could cut 10% or more on medical payment and PIP coverage.
- Driving Data Discount – Policyholders that allow driving data collection to spy on their driving habits by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates as long as the data is positive.
- Good Student Discount – Maintaining excellent grades can save 20 to 25%. Many companies even apply the discount to college students up to age 25.
- Service Members Pay Less – Having a family member in the military could qualify you for better premium rates.
Discounts save money, but please remember that some credits don’t apply to the entire cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. Even though it appears all the discounts add up to a free policy, companies don’t profit that way.
The example below illustrates the comparison of Mitsubishi Endeavor insurance rates with and without discounts applied to the policy premium. The information is based on a male driver, no claims or driving citations, Tennessee state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, claim-free, and safe-driver discounts applied.
For a list of auto insurance companies that provide some of the discounts listed above in Tennessee, click here to view.
Which policy gives me the best coverage?
Always keep in mind that when comparing your policy for your vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and your insurance should be unique as well.
Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.
- Am I covered if I drive in a foreign country?
- Does insurance cover damages from a DUI accident?
- How can I get the company to pay a claim?
- Should I pay a claim out-of-pocket?
- Will my Mitsubishi Endeavor be repaired with OEM or aftermarket parts?
- When would I need rental car insurance?
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Insurance agents can help
Many drivers still prefer to sit down with an agent and often times that is recommended One of the great benefits of getting online price quotes is that you can find lower rates and still choose a local agent. Buying insurance from neighborhood insurance agencies is important especially in Memphis.
Once you complete this quick form, the coverage information gets sent to local insurance agents in Memphis that can provide free Memphis auto insurance quotes for your coverage. You won’t even need to find an agent on your own because quoted prices will be sent to you directly. You can find the lowest rates without requiring a lot of work. If you want to compare prices from a specific insurance company, don’t hesitate to go to their quote page and complete a quote there.
Below are agents in Memphis who can help you get comparison quotes for Mitsubishi Endeavor insurance in Memphis.
- Bobby Gorman – State Farm Insurance Agent
4947 William Arnold Rd – Memphis, TN 38117 – (901) 767-1361 – View Map - Clay and Land Insurance, Inc.
866 Ridgeway Loop Rd #200 – Memphis, TN 38120 – (901) 767-3600 – View Map - Keltner Insurance Inc.
3232 S Perkins Rd – Memphis, TN 38118 – (901) 797-8665 – View Map - Kacky Kortenber – State Farm Insurance Agent
7900 Winchester Rd Ste 101 – Memphis, TN 38125 – (901) 757-0303 – View Map
Finding the right provider is decision based upon more than just a cheap price. Any good agent in Memphis should know the answers to these questions.
- Does the agency have a current Errors and Omissions policy?
- Do they have cheaper tiers of coverage?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Does the agency provide any after hours assistance?
- Can you get a list of referrals?
- Which insurance companies are they affiliated with?
- Will the agent or a CSR service your policy?
If you feel you receive answers to your satisfaction and an acceptable price quote, you have narrowed it down to an insurance company that can be trusted to insure your vehicles. Just remember you can always cancel your policy at any time so never assume that you are obligated to any specific agency for the full policy term.
Ratings for Tennessee car insurance companies
Finding the right insurance company is hard considering how many choices drivers have in Tennessee. The company ratings below may help you decide which car insurance companies to look at purchasing from.
Top 10 Memphis Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Final considerations
Some insurance companies may not provide the ability to get quotes online and these smaller companies prefer to sell through independent agents. Cheaper insurance in Memphis can be sourced from both online companies and also from your neighborhood Memphis agents, so you should compare both in order to have the best chance of saving money.
As you shop your coverage around, you should never skimp on coverage in order to save money. There are many occasions where someone sacrificed liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage for the lowest cost, not the least amount of coverage.
More learning opportunities
- What is Covered by GAP Insurance? (Allstate)
- Who Has the Cheapest Memphis Auto Insurance Quotes for a Toyota Camry? (FAQ)
- Who Has Affordable Memphis Auto Insurance for College Students? (FAQ)
- Who Has Affordable Car Insurance for Drivers Under 21 in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance Quotes for a Jeep Grand Cherokee? (FAQ)
- How Much is Memphis Car Insurance for a Kia Optima? (FAQ)
- Safety Belts FAQ (iihs.org)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Liability Insurance Coverage (Nationwide)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)