A recent study showed that the vast majority of insurance customers have stayed with the same insurance company for well over three years, and 38% of customers have never taken the time to shop around. Memphis consumers could save approximately $500 every year by just comparing rate quotes, but they just feel it’s too hard to compare rate quotes.
The recommended way to find the cheapest price for auto insurance rates in Memphis is to start comparing prices regularly from companies who provide auto insurance in Tennessee. You can compare prices by completing these steps.
- Take a few minutes and learn about the coverage provided by your policy and the steps you can take to lower rates. Many factors that result in higher rates like speeding tickets, careless driving and a negative credit history can be amended by paying attention to minor details. Keep reading for the details to find cheap rates and find discounts that you may qualify for.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO or State Farm, while independent agents can quote prices from many different companies. View insurance agents
- Compare the new rate quotes to your existing rates and determine if there is any savings. If you find a lower rate, make sure there is no lapse in coverage.
- Give proper notification to your current agent or company of your decision to cancel your current car insurance policy. Submit payment along with a signed and completed policy application to the new company. Be sure to safely store the certificate of insurance with your vehicle’s registration.
One key aspect of rate comparisons is to use the same physical damage deductibles and liability limits on each quote request and and to get quotes from as many auto insurance providers as possible. Doing this guarantees a fair rate comparison and a thorough selection of prices.
How to lower your Hyundai Azera insurance cost in Memphis, Tennessee
When looking for cheaper Memphis auto insurance quotes, there are a couple ways to compare prices from many insurance companies in Tennessee. By far the easiest way to compare rates is to use the internet to compare rates.
Comparison shopping quotes online is easy and it replaces the need to drive around to insurance agents’ offices. The ability to quote Hyundai Azera insurance online eliminates the middleman unless you have a need for the professional advice that only a licensed agent can provide. It is possible to compare online quotes and have a local agent actually service the policy.
When comparison shopping, more quotes will improve the odds of getting a lower rate than you’re paying now. Not every company allows you to get Memphis Azera insurance quotes online, so it’s necessary to compare price quotes from them, too.
The providers in the list below are our best choices to provide price comparisons in Memphis, TN. To find cheaper auto insurance in Memphis, TN, we suggest you compare several of them to find the cheapest auto insurance rates.
Determine discounts on Memphis insurance
Insurance is expensive, but there could be significant discounts to help offset the cost. Some trigger automatically at the time of quoting, but occasionally some discounts must be manually applied before you get the savings.
- ABS and Traction Control Discounts – Cars that have anti-lock braking systems are much safer to drive and the ABS can save up to 10%.
- Memphis Homeowners Pay Less – Just being a homeowner can help you save on insurance since home ownership means you have a higher level of financial diligence.
- Senior Citizen Rates – Drivers over the age of 55 can get a small decrease in premiums.
- Buy New and Save – Buying a new car instead of a used Azera can save up to 30% because new vehicles are generally safer.
- One Accident Forgiven – This one isn’t a discount, but a few companies such as GEICO and Allstate will forgive one accident without the usual rate increase so long as you haven’t had any claims for a set time period.
Keep in mind that some credits don’t apply to your bottom line cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies don’t profit that way.
The chart below compares Hyundai Azera car insurance rates with and without discounts applied to the rates. Data assumes a female driver, no accidents or driving violations, Tennessee state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, safe-driver, claim-free, and marriage discounts applied.
To choose insurers that offer many of these discounts in Memphis, click here.
Rates and data analysis
The coverage table displayed next showcases a range of insurance coverage prices for Hyundai Azera models. Learning more about how insurance prices are determined is important for making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Azera GLS 4-Dr Sedan | $218 | $510 | $350 | $20 | $104 | $1,202 | $100 |
| Azera Limited 4-Dr Sedan | $246 | $510 | $350 | $20 | $104 | $1,230 | $103 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in vehicle garaging location which can revise coverage rates noticeably.
Premiums by gender and age
The diagram below shows the difference between Hyundai Azera yearly insurance costs for male and female drivers. The premium estimates are based on no claims or violations, full coverage, $100 deductibles, single marital status, and no discounts are applied.
What if I want to buy from local Memphis auto insurance agents?
A small number of people just want to get advice from a local agent and that can be a smart move A nice benefit of comparing auto insurance online is you can get lower rates and still buy from a local agent.
After filling out this quick form, your coverage information gets sent to local insurance agents in Memphis who will give competitive quotes for your business. There is no need to drive around due to the fact that quote results will go immediately to you. You can most likely find cheaper rates without a big time investment. In the event you want to compare rates from a specific auto insurance provider, just find their quoting web page and give them your coverage information.
Choosing the best provider requires you to look at more than just the price. Agents should be asked these questions:
- Is the agent and/or agency licensed to do business in Tennessee?
- Where would glass claims be handled in Memphis?
- Are they able to influence company decisions when a claim is filed?
- If your car is in the repair shop, do you have coverage for a rental car?
- What discounts might you be missing?
- Do they have a Better Business Bureau rating in Memphis?
When finding a reputable insurance agent or broker, it can be helpful to understand the types of agencies and how they differ in how they quote coverages. Agencies in Memphis are considered either independent agents or exclusive agents.
Exclusive Insurance Agencies
Agents of this type can only place business with one company and some examples include Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to give you multiple price quotes so always compare other rates. They are usually quite knowledgeable on their products and sales techniques which can be an advantage.
Shown below is a list of exclusive agents in Memphis willing to provide comparison quotes.
Kathy Thurmond-Edwards- State Farm Insurance Agent
680 W Brookhaven Cir – Memphis, TN 38117 – (901) 767-7744 – View Map
Barry Sanders – State Farm Insurance Agent
6060 Quince Rd – Memphis, TN 38119 – (901) 767-2001 – View Map
Allstate Insurance: Ezekeil Hudson
53 Monroe Ave – Memphis, TN 38103 – (901) 235-9315 – View Map
Independent Agents
Agents that choose to be independent are not limited to a single company so they have the ability to put coverage with lots of companies and potentially find a lower price. If they find a lower price, they simply move your policy to a different company and the insured can keep the same agent.
When searching for an agent, you definitely need to include rate quotes from several independent agencies to have the most options to choose from.
Listed below are Memphis independent agencies willing to provide price quote information.
Nationwide Insurance: Clarence Mosley Jr
4132 Elvis Presley Blvd – Memphis, TN 38116 – (901) 346-2550 – View Map
Bill Blake Auto Insurance
5724 Mt Moriah Rd – Memphis, TN 38115 – (901) 432-5551 – View Map
Farris Evans Insurance Agency Inc
1568 Union Ave – Memphis, TN 38104 – (901) 274-5424 – View Map
Parts of your car insurance policy
Learning about specific coverages of car insurance aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages offered by car insurance companies.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like pain medications, X-ray expenses and EMT expenses. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Coverage for uninsured or underinsured drivers
This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and damage to your Hyundai Azera.
Due to the fact that many Tennessee drivers have only the minimum liability required by law (25/50/15 in Tennessee), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Coverage for collisions
This coverage pays for damage to your Azera caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like scraping a guard rail, rolling your car, backing into a parked car, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible on your Azera in order to get cheaper collision rates.
Liability insurance
This will cover injuries or damage you cause to other people or property. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/15 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $15,000 of coverage for damaged property.
Liability coverage protects against claims such as structural damage, repair bills for other people’s vehicles, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford. Tennessee state law requires minimum liability limits of 25/50/15 but you should think about purchasing more liability than the minimum.
The next chart shows why low liability limits may not be high enough to cover claims.
Comprehensive car insurance
This coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as hail damage, rock chips in glass, damage from a tornado or hurricane and theft. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Compare. Compare. Compare.
We just covered some good ideas how to find cheap Hyundai Azera insurance in Memphis. The key concept to understand is the more you quote Memphis auto insurance, the better your chances of lowering your rates. You may even be surprised to find that the lowest prices come from an unexpected company. Regional companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.
Low-cost Hyundai Azera insurance in Memphis is possible both online as well as from independent agents in Memphis, and you need to price shop both so you have a total pricing picture. A few companies do not provide the ability to get a quote online and most of the time these small insurance companies only sell coverage through independent agents.
Helpful information
- Anti-Lock Brake FAQ (iihs.org)
- What Insurance is Cheapest for a Ford Fusion in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance for a Ford Explorer? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Homeowners? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Subaru Outback in Memphis? (FAQ)
- How Much are Memphis Auto Insurance Quotes for a Mazda CX-7? (FAQ)
- Get the Right Protection (InsureUonline.org)
- Prom Night Tips for Teen Drivers (State Farm)