Are you tired of overpaying and want the cheapest Chevy Suburban insurance in Memphis? High-priced Chevrolet Suburban insurance in Memphis can empty your savings and force you to make tough financial choices. Doing a rate comparison is free and is an excellent way to make sure you’re not throwing money away.
It’s an obvious statement that insurance companies want to prevent you from shopping around. Drivers who shop around once a year are very likely to switch auto insurance companies because there is a high probability of finding better rates. A recent auto insurance study discovered that consumers who regularly compared price quotes saved $865 a year compared to other drivers who never shopped around for better prices.
If finding the cheapest price for auto insurance in Memphis is your goal, then having a good understanding the best ways to find and compare coverage rates can help you succeed in finding affordable rates.
Steps to buying cheaper Chevy Suburban insurance in Memphis
The best way to find cheaper quotes for Chevy Suburban insurance is to start doing an annual price comparison from different companies who can sell car insurance in Memphis. You can compare prices by following these guidelines.
- Spend some time learning about car insurance and the modifications you can make to drop your rates. Many policy risk factors that are responsible for high rates such as high-risk driving behaviors and a low credit rating can be improved by making minor changes in your lifestyle. Continue reading for additional tips to help prevent expensive coverage and get additional discounts that may have been overlooked.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices for a wide range of insurance providers. View a list of agents
- Compare the new rate quotes to your current policy to see if cheaper Suburban coverage is available. If you find a lower rate quote, verify that coverage does not lapse between policies.
A good tip to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on every price quote and and to get prices from as many companies as possible. This ensures the most accurate price comparison and the best price quote selection.
Consumers have so many insurance companies to pick from, and although it’s nice to have a selection, having more insurers makes it harder to find the best rates for Chevy Suburban insurance in Memphis.
It’s important to take a look at other company’s rates on a regular basis because insurance rates are variable and change quite frequently. Just because you had the lowest rate on Chevy Suburban insurance in Memphis two years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about Suburban insurance on the web, but by reading this article, you’re going to learn some of the best techniques to put money back in your pocket.
Locating the most cost-effective car insurance policy in Memphis is actually quite simple. If you currently have a car insurance policy, you will be able to get lower rates using the ideas presented in this article. Drivers just need to use the proper methods to quote multiple rates from many different companies online.
Companies offering competitive Chevy Suburban price quotes in Memphis, TN
The car insurance companies shown below offer price comparisons in Tennessee. If multiple companies are listed, we suggest you compare several of them to find the lowest car insurance rates.
Insurance coverage analysis
The premium information shown below highlights detailed analysis of insurance premium costs for Chevy Suburban models. Knowing how insurance prices are figured can assist in making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $216 | $368 | $304 | $18 | $90 | $996 | $83 |
| Suburban LT 2WD | $216 | $368 | $304 | $18 | $90 | $996 | $83 |
| Suburban LS 4WD | $216 | $368 | $304 | $18 | $90 | $996 | $83 |
| Suburban LT 4WD | $216 | $368 | $304 | $18 | $90 | $996 | $83 |
| Suburban LTZ 2WD | $216 | $434 | $304 | $18 | $90 | $1,062 | $89 |
| Suburban LTZ 4WD | $242 | $434 | $304 | $18 | $90 | $1,088 | $91 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific location which can lower or raise auto insurance rates noticeably.
Policy deductible comparison
One of the most common car insurance questions is how high should the physical damage deductibles be. The data tables below may help you to understand how much more rates are when you buy lower versus higher physical damage deductibles. The first rate quote example uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $280 | $448 | $288 | $18 | $86 | $1,145 | $95 |
| Suburban LT 2WD | $280 | $448 | $288 | $18 | $86 | $1,145 | $95 |
| Suburban LS 4WD | $280 | $448 | $288 | $18 | $86 | $1,145 | $95 |
| Suburban LT 4WD | $280 | $448 | $288 | $18 | $86 | $1,145 | $95 |
| Suburban LTZ 2WD | $280 | $528 | $288 | $18 | $86 | $1,225 | $102 |
| Suburban LTZ 4WD | $312 | $528 | $288 | $18 | $86 | $1,257 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Suburban LT 2WD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Suburban LS 4WD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Suburban LT 4WD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Suburban LTZ 2WD | $156 | $278 | $288 | $18 | $86 | $826 | $69 |
| Suburban LTZ 4WD | $174 | $278 | $288 | $18 | $86 | $844 | $70 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in Memphis location which can lower or raise coverage prices substantially.
Using the premium rates above, we can conclude that using a $100 deductible costs approximately $31 more each month or $372 each year averaged for all Suburban models than selecting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 29 months between claims, you would save money if you choose the higher deductible.
Verify you’re applying every discount
The price of auto insurance can be rather high, but there may be some discounts to help bring down the price. Some discounts apply automatically when you complete an application, but some discounts are required to be manually applied before being credited. If you check and find you aren’t receiving every discount you deserve, you are paying more than you should be.
- ABS Braking Discount – Vehicles with ABS braking systems or traction control are much safer to drive and earn discounts up to 10%.
- One Accident Forgiven – Not really a discount, but certain companies will let one accident slide before hitting you with a surcharge so long as you are claim-free prior to being involved in the accident.
- No Claims – Claim-free drivers can save substantially in comparison to insureds who have frequent claims or accidents.
- Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance in addition to your auto policy.
- Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class as it can save substantially.
- Driver Training Discounts – Taking part in a course that instructs on driving safety may get you a small discount depending on where you live.
- Good Driver Discounts – Insureds without accidents can save as much as half off their rates than less cautious drivers.
As a sidenote, most discounts do not apply to the whole policy. Most only apply to specific coverage prices like liability and collision coverage. If you do the math and it seems like you could get a free car insurance policy, that’s just not realistic. But all discounts will definitely reduce your overall premium however.
The illustration below visualizes the comparison of Chevy Suburban auto insurance rates with and without discounts being applied to the rates. The rates are based on a male driver, no violations or accidents, Tennessee state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, claim-free, multi-car, and multi-policy discounts applied.
Companies and a partial list of their discounts are outlined below.
- Farm Bureau offers premium reductions for renewal discount, youthful driver, 55 and retired, safe driver, multi-vehicle, good student, and driver training.
- Liberty Mutual may have discounts that include new vehicle discount, good student, teen driver discount, hybrid vehicle, safety features, and exclusive group savings.
- State Farm policyholders can earn discounts including Drive Safe & Save, passive restraint, student away at school, defensive driving training, safe vehicle, multiple autos, and anti-theft.
- Auto-Owners Insurance discounts include multi-policy, company car, good student, air bags, multiple vehicles, paid in full, and safe vehicle.
- GEICO may include discounts for emergency military deployment, military active duty, multi-policy, membership and employees, driver training, and daytime running lights.
- SAFECO has discounts for anti-lock brakes, bundle discounts, safe driver, homeowner, teen safety rewards, and drive less.
Check with every company which discounts you may be entitled to. Savings might not be offered in Memphis. To find providers that offer the discounts shown above in Tennessee, click here.
Shop online but buy locally
Some consumers prefer to talk to an insurance agent and that is a smart decision Insurance agents can make sure you are properly covered and will help you if you have claims. An additional benefit of comparing rate quotes online is that you can obtain lower car insurance rates and also buy local.
To help locate an agent, after submitting this simple form, your insurance coverage information is sent to insurance agents in Memphis who will give you quotes to get your business. It makes it easy because there is no need to contact an agency because prices are sent instantly to you. If you need to get a comparison quote from a specific insurance company, you just need to go to their quote page and complete a quote there.
Finding a good provider shouldn’t rely on just the quoted price. These are some questions your agent should answer.
- Are they involved in claim handling?
- Are claim adjusters local or do you have to take your car somewhere else?
- Will the quote change when the policy is issued?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they have any clout with companies to ensure a fair claim settlement?
Pick the best auto insurance agent in Memphis for you
When researching a reputable insurance agent or broker, you need to know there are two different types of agents and how they can quote your rates. Insurance agencies can be categorized as either independent (non-exclusive) or exclusive. Either one can sell affordable insurance policies, but it’s worth learning the differences because it can factor into which agent you choose.
Exclusive Insurance Agents
Exclusive agencies can only place business with one company like Farmers Insurance, State Farm, or Allstate. They generally cannot provide prices from multiple companies so you need to shop around if the rates are high. They are highly trained on sales techniques and that allows them to sell at a higher price point.
Below is a short list of exclusive agencies in Memphis that can give you comparison quotes.
Farmers Insurance: Candace Hall
1444 E Shelby Dr #329 – Memphis, TN 38116 – (901) 345-2615 – View Map
Barry Sanders – State Farm Insurance Agent
6060 Quince Rd – Memphis, TN 38119 – (901) 767-2001 – View Map
Kathy Thurmond-Edwards- State Farm Insurance Agent
680 W Brookhaven Cir – Memphis, TN 38117 – (901) 767-7744 – View Map
Independent Agencies or Brokers
Agents in the independent channel do not sell for just one brand and that gives them the ability to insure with a variety of different insurance companies and get the cheapest rates. If your agent finds better pricing, they simply switch companies in-house and the insured can keep the same agent.
If you need lower rates, it’s a good idea to get insurance quotes from independent agents to have the most options to choose from.
The following are Memphis independent insurance agencies who can help you get price quote information.
Smith-Berclair Insurance
855 Ridge Lake Blvd #400 – Memphis, TN 38120 – (901) 753-4323 – View Map
Nationwide Insurance: The James Agency LLC
4778 Summer Ave Ste 1 – Memphis, TN 38122 – (901) 266-5507 – View Map
Boyle Insurance Agency, Inc.
5900 Poplar Ave – Memphis, TN 38119 – (901) 766-0200 – View Map
Once you have good feedback to all your questions in addition to an acceptable price estimate, most likely you have located an auto insurance agent that can adequately provide insurance.
Which auto insurance company is best in Memphis?
Buying coverage from the right auto insurance provider can be a challenge considering how many companies there are in Memphis. The company rank data in the lists below can help you choose which insurers to look at when comparing rates.
Top 10 Memphis Car Insurance Companies Ranked by Claims Service
- Travelers
- Allstate
- Nationwide
- State Farm
- GEICO
- Liberty Mutual
- American Family
- Esurance
- AAA Insurance
- Titan Insurance
Top 10 Memphis Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Get the best coverage at the most affordable price
Some insurance companies don’t offer rates over the internet and these small insurance companies prefer to sell through independent agencies. Cheaper auto insurance in Memphis is attainable on the web as well as from insurance agents, and you should compare price quotes from both so you have a total pricing picture.
When shopping online for auto insurance, you should never buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase a proper amount of coverage for the lowest cost, but do not skimp to save money.
How to save on Chevy Suburban insurance in Memphis
The most effective way to get affordable car insurance rates is to compare prices regularly from companies who provide car insurance in Memphis. Drivers can shop around by following these guidelines.
- Take a few minutes and learn about car insurance and the steps you can take to keep rates in check. Many risk factors that result in higher rates like traffic violations and a less-than-favorable credit history can be rectified by making small lifestyle or driving habit changes.
- Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO or Allstate, while independent agencies can provide price quotes for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy and determine if there is any savings. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.
- Provide notification to your current agent or company of your decision to cancel your current coverage. Submit the required down payment along with the signed application for your new policy. Immediately upon receiving it, keep the new certificate verifying proof of insurance along with the vehicle’s registration papers.
An important bit of advice to remember is that you’ll want to make sure you compare the same deductibles and limits on each quote request and and to get rates from every insurance company. This ensures a fair price comparison and and a good selection of different prices.
Additional detailed information can be found by following these links:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has Cheap Car Insurance Rates for a Dodge Grand Caravan in Memphis? (FAQ)
- Who Has Affordable Auto Insurance Rates for 17 Year Olds in Memphis? (FAQ)
- Who Has Affordable Auto Insurance Quotes for High Mileage Drivers in Memphis? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a 20 Year Old Male in Memphis? (FAQ)
- How Much are Memphis Auto Insurance Quotes for a Mazda CX-7? (FAQ)
- What Auto Insurance is Cheapest for Retired Military in Memphis? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Keeping Children Safe in Crashes Video (iihs.org)
- Understanding your Policy (NAIC.org)