Would you like an easy way to compare low-cost Infiniti M35 insurance in Memphis? If you’re trying to find lower-cost insurance on the web, do you get overwhelmed by the number of insurance choices that you can choose from? You’re not alone. There are such a vast assortment of choices available that it can easily turn into a challenge to compare insurance rates on Infiniti M35 insurance. If you’ve ever been there, you know that Memphis has many things to offer, but inflated insurance rates can make it hard to affordably insure vehicles.
Surprisingly, a recent survey revealed that most drivers in Tennessee have remained with the same insurance company for over three years, and almost half have never even compared quotes to find cheaper rates. U.S. insurance shoppers could cut their rates by almost $860 a year just by shopping around, but they think it’s difficult to compare other rate quotes.
The best way to get policy rate comparisons for Infiniti M35 insurance in Memphis is to take advantage of the fact most of the bigger providers actually pay money for the chance to compare their rates. The only thing you need to do is provide details including whether the vehicles are used for commuting, driver ages, any included safety features, and level of coverage desired. The rating information is instantly sent to insurance companies and you will get price comparisons instantly.
If you would like to start a quote now, click here and complete the form.
The companies shown below have been selected to offer price comparisons in Memphis, TN. If multiple companies are listed, we suggest you visit several of them in order to get a fair rate comparison.
Rate information and statistics
The rate table displayed next showcases a range of insurance prices for Infiniti M35 models. Understanding more about how rate quotes are established can help drivers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M35 X AWD 4-Dr | $216 | $456 | $326 | $20 | $98 | $1,116 | $93 |
| M35 4-Dr Sedan | $216 | $456 | $326 | $20 | $98 | $1,116 | $93 |
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in specific Memphis garaging location which can change coverage prices noticeably.
Deductible analysis
When comparing auto insurance rates, the most common question is what deductibles to buy. The data tables below can help show the differences in premium rates between high and low comp and collision deductibles. The first set of prices uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M35 X AWD 4-Dr | $344 | $688 | $288 | $18 | $86 | $1,449 | $121 |
| M35 4-Dr Sedan | $344 | $688 | $288 | $18 | $86 | $1,449 | $121 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M35 X AWD 4-Dr | $252 | $466 | $288 | $18 | $86 | $1,110 | $93 |
| M35 4-Dr Sedan | $252 | $466 | $288 | $18 | $86 | $1,110 | $93 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in zip code location which can increase or decrease auto insurance rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $28 more each month or $336 each year than requesting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 14 months between claim filings, you would probably come out ahead if you choose the higher deductible. Here is the way this calculation is made.
| Average monthly premium for $100 deductibles: | $121 |
| Average monthly premium for $500 deductibles (subtract): | – $93 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
One thing to be aware of is that increasing deductibles to save money results in having to pay to pay more out-of-pocket when you have a claim. You need to have enough savings in the event you need to pay the deductible to have repairs made.
Careless driving habits raise Memphis auto insurance rates
The chart below demonstrates how traffic citations and at-fault collisions can increase Infiniti M35 insurance prices for different age groups. The price estimates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
Auto insurance rates based on gender
The chart below shows the difference between Infiniti M35 yearly insurance costs for male and female drivers. The prices are based on no claims or driving citations, comprehensive and collision coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
Infiniti M35 liability-only versus full coverage
The illustration below illustrates the comparison of Infiniti M35 insurance premiums when comparing full coverage to state minimum liability only. The premiums are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no definitive formula that is best for determining when to drop full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s say your Infiniti M35 settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying more than $300 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are some scenarios where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
These discounts can reduce Infiniti M35 insurance rates
Some providers don’t necessarily list the complete list of policy discounts in a way that’s easy to find, so we researched a few of the more common as well as the least known credits available to you.
- Claim Free – Drivers with accident-free driving histories pay less when compared to accident-prone drivers.
- Distant Student – Children who attend college more than 100 miles from Memphis and do not have a car could get you a discount.
- Defensive Driver – Completing a course that instructs on driving safety could earn you a small percentage discount and easily recoup the cost of the course.
- Policy Bundle Discount – If you insure your home and vehicles with the same company you could get a discount of up to 20% off your total M35 insurance premium.
- ABS and Traction Control Discounts – Anti-lock brake equipped vehicles have fewer accidents and therefore earn up to a 10% discount.
Remember that most discount credits are not given to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. Just because it seems like all the discounts add up to a free policy, it doesn’t quite work that way.
The illustration below visualizes the comparison of Infiniti M35 car insurance costs with and without discounts. The information is based on a female driver, no violations or claims, Tennessee state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, marriage, claim-free, and multi-policy discounts applied.
A few of the larger companies and a selection of discounts are outlined below.
- State Farm has discounts for student away at school, safe vehicle, multiple autos, accident-free, and good student.
- GEICO offers discounts for military active duty, good student, membership and employees, five-year accident-free, emergency military deployment, and anti-lock brakes.
- Progressive may offer discounts for good student, online signing, multi-policy, homeowner, online quote discount, and multi-vehicle.
- 21st Century includes discounts for student driver, automatic seat belts, teen driver, theft prevention, and defensive driver.
- American Family discounts include mySafetyValet, Steer into Savings, accident-free, defensive driver, air bags, and TimeAway discount.
- The Hartford policyholders can earn discounts including anti-theft, vehicle fuel type, defensive driver, driver training, and good student.
- AAA offers discounts including AAA membership discount, anti-theft, multi-car, good student, and pay-in-full.
When comparing rates, check with every insurance company to apply every possible discount. Discounts may not be available in Memphis.
Why you need vehicle insurance in Tennessee
Even though it can be expensive, insuring your vehicle is not optional due to several reasons.
- Almost all states have compulsory liability insurance requirements which means the state requires a specific level of liability insurance coverage if you drive a vehicle. 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 your Infiniti M35 has a loan, it’s guaranteed your bank will make it a condition of the loan that you buy insurance to guarantee payment of the loan. If the policy lapses, the lender may insure your Infiniti at a more expensive rate and require you to pay the higher premium.
- Insurance protects your car and your assets. Insurance will pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers legal expenses if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of having insurance are without a doubt worth the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer overpays as much as $820 a year so compare rates at least once a year to make sure the price is not too high.
Insurance agents can help
When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Each situation is unique.
For example, these questions might help in determining whether your personal situation would benefit from an agent’s advice.
- Is my camper covered by my car insurance policy?
- Can good grades get a discount?
- How do I file an SR-22 for a DUI in Tennessee?
- Who is covered when they drive my Infiniti M35?
- When should I buy a commercial auto policy?
- What happens if I owe more than my Infiniti M35 is worth?
- What should my uninsured motorist coverage limits be in Tennessee?
- Does my personal policy cover me when driving out-of-state?
- Am I getting all the discounts available?
- When does my teenage driver need to be added to my policy?
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.
Local Memphis insurance agents
A small number of people still prefer to buy from a licensed agent and often times that is recommended One of the benefits of comparing rates online is that you can obtain cheap auto insurance quotes but still work with a licensed agent. Buying insurance from local insurance agents is important especially in Memphis.
To find an agent, once you fill out this form (opens in new window), the quote information is sent to companies in Memphis who will give you bids and help you find cheaper coverage. There is no reason to drive around because quoted prices will be sent straight to your inbox. It’s the lowest rates without the usual hassles of price shopping. In the event you want to compare prices from one company in particular, you just need to visit that company’s website and fill out their quote form.
The following is a short list of car insurance companies in Memphis who can help you get price quote information for Infiniti M35 insurance in Memphis.
- Henry Hooper II – State Farm Insurance Agent
348 S Main St – Memphis, TN 38103 – (901) 575-0001 – View Map - Boyle Insurance Agency, Inc.
5900 Poplar Ave – Memphis, TN 38119 – (901) 766-0200 – View Map - Kacky Kortenber – State Farm Insurance Agent
7900 Winchester Rd Ste 101 – Memphis, TN 38125 – (901) 757-0303 – View Map - Kathy Thurmond-Edwards- State Farm Insurance Agent
680 W Brookhaven Cir – Memphis, TN 38117 – (901) 767-7744 – View Map
Choosing an company requires more thought than just a cheap price. Ask your prospective agent these questions:
- Do they receive special compensation for putting your coverage with one company over another?
- Does the company have a local claim office in Memphis?
- Does the agency have a positive business rating?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Which family members are covered?
- What company do they have the most business with?
- Does the agent have professional designations like CIC, CPCU or AIC?
After you get positive feedback to any questions you may have as well as a price you’re happy with, you may have just found a company that is professional and can properly service your auto insurance policy.