Auto Insurance Rates for a Nissan Armada in Memphis

How long has it been since the last time you looked for more competitive Nissan Armada insurance in Memphis? Paying low cost rates for Nissan Armada insurance in Memphis may be hard for drivers not familiar with shopping for insurance online. With dozens of insurers available, it can quickly become a challenge to locate the lowest price in Tennessee.

How to find discount Nissan Armada insurance in Memphis

Truthfully, the best way to get budget Nissan Armada insurance is to start comparing prices yearly from companies in Memphis.

• First, gain an understanding of auto insurance and the modifications you can make to keep rates down. Many policy risk factors that are responsible for high rates such as speeding tickets, careless driving and a negative credit history can be remedied by making small lifestyle or driving habit changes. This article gives more details to help keep rates affordable and earn a bigger discount.
• Second, compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
• Third, compare the new rates to your existing rates and determine if cheaper Armada coverage is available in Memphis. If you find a better price and buy the policy, make sure there is no coverage gap between policies.
• Fourth, provide written notification to your current company of your decision to cancel the current policy and submit the signed application along with the required initial payment to the new company. Make sure you store the certificate verifying proof of insurance with the vehicle registration.

One bit of advice is that you’ll want to make sure you compare the same coverage limits and deductibles on each quote request and and to get quotes from as many companies as feasibly possible. Doing this enables an accurate price comparison and a thorough selection of prices.

It’s easy to assume that auto insurance companies don’t want you to look for cheaper rates. Drivers who shop around for the cheapest price will, in all likelihood, buy a new policy because the odds are good of finding good coverage at a lower price. A study discovered that drivers who regularly shopped around saved over $3,400 over four years compared to people who don’t regularly compare prices.

If finding discount rates on Nissan Armada insurance is your objective, then having some knowledge of how to choose a company and compare insurance premiums can save time and make the process easier.

To find the best insurance quotes, there are several ways of comparing rate quotes from local Memphis insurance companies. By far the easiest way to compare rates is simply to get online rate quotes.

When comparing insurance rates, know that having more price comparisons increases the chance that you will find a lower rate. Not every company does online Memphis Armada insurance quotes, so you need to compare price quotes on coverage from those companies, too.

The auto insurance companies shown below provide free rate quotes in Tennessee. To locate the cheapest car insurance in Memphis, TN, we suggest you visit as many as you can in order to find the most affordable rates.

Rates and detailed analysis

The coverage information displayed below outlines detailed analysis of insurance premium costs for Nissan Armada models. Having knowledge of how premiums are formulated is important for making informed decisions when shopping around for a new policy.

Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in your specific Memphis location which can change prices substantially.

Physical damage deductible comparison

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The rates shown below help summarize the differences in premium rates between high and low deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in Memphis location which can revise coverage rates noticeably.

Based on the above data, using a $250 deductible will cost in the ballpark of $12 more each month or $144 for a full year than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 21 months between claims, you would save money if you decide on a higher deductible. The table below shows how you can decide this on your own policy.

An important sidenote is that higher deductibles means you will have to pay more out-of-pocket when you have a physical damage claim. That will force you to have a higher level of savings in order to pay the higher deductible.

Impact of careless driving on insurance rates

The illustration below highlights how speeding tickets and accident claims can raise Nissan Armada car insurance costs for different insured age categories. Data assumes a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.

Gender-based insurance premiums in Memphis

The example below visualizes the comparison of Nissan Armada insurance costs for male and female drivers. The rate quotes are based on no claims, a clean driving record, full physical damage coverage, $500 deductibles, drivers are not married, and no other discounts are factored in.

Full coverage versus liability-only in Memphis

The chart below shows the comparison of Nissan Armada annual premium costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no discounts are factored in.

When to switch to liability coverage only

There is no specific rule that is best for determining when to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your Nissan Armada replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after you pay the deductible. If you are paying over $200 a year to have full coverage, then you might consider buying liability only.

There are some scenarios where only buying liability is not recommended. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Car insurance policy discounts you can’t miss

Car insurance companies don’t necessarily list all discounts in a way that’s easy to find, so here is a list some of the best known and also the more inconspicuous credits that you can use to lower your rates.

• Discount for New Cars – Insuring a vehicle that is new is cheaper since new model year vehicles have better safety ratings.
• ABS Braking Discount – Cars that have steering control and anti-lock brakes are safer to drive so you can save 10 percent or more.
• Discounts for Good Drivers – Drivers who don’t get into accidents could pay up to 40% less than less cautious drivers.
• Drive Less and Save – Keeping the miles down on your Nissan could earn discounted prices on garaged vehicles.
• Good Grades Discount – Maintaining excellent grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students up until you turn 25.
• Early Payment Discounts – By making one initial payment rather than spreading payments over time you may reduce your total bill.
• Membership in Organizations – Joining a qualifying organization may earn a discount on your next car insurance statement.

As a sidenote, some credits don’t apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like you can get free auto insurance, company stockholders wouldn’t be very happy.

The illustration below illustrates the comparison of Nissan Armada car insurance costs with and without policy discounts. The prices are based on a male driver, no violations or claims, Tennessee state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, safe-driver, homeowner, and multi-policy discounts applied.

For a list of insurance companies with the best Nissan Armada insurance discounts in Memphis in Tennessee, click here to view.

Here’s why auto insurance is not optional

Despite the high cost, buying auto insurance is mandatory in Tennessee but it also protects more than you think.

• Just about all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability 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 you bought your Nissan with a loan, most banks will stipulate that you have physical damage coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Nissan at a much higher rate and require you to pay a much higher amount than you were paying before.
• Insurance safeguards not only your Nissan but also your assets. It will also provide coverage for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers legal expenses if anyone sues you for causing an accident. If your Nissan gets damaged, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of having auto insurance are without a doubt worth the cost, especially with large liability claims. According to a recent study, the average American driver is overpaying over $869 every year so it’s important to compare rates once a year at a minimum to help ensure money is not being wasted.

Best auto insurance in Tennessee

Buying coverage from the right auto insurance provider is difficult considering how many companies there are to choose from in Tennessee. The company ratings in the next section may help you analyze which insurers to look at shopping your coverage with.

Top 10 Memphis Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Top 10 Memphis Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

When in doubt talk to an agent

Keep in mind that when it comes to choosing insurance from an agent or online for your vehicles, there isn’t really a one size fits all plan. Every situation is different and your insurance should unique, too.
For instance, these questions may help you determine whether your personal situation may require specific advice.

• How long can I keep a teen driver on my policy?
• Can I insure my car for more than it’s worth?
• Can my babysitter drive my car?
• Do I benefit by insuring my home with the same company?
• Do I need more liability coverage?
• How does medical payments coverage work?
• Should I have a commercial auto policy?
• Which companies are cheaper for teen drivers?
• Am I covered if I hit someone who is not insured?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Local Memphis car insurance agents

Certain consumers still like to sit down and talk to an agent and that is a personal choice. The biggest benefit of price shopping on the web is the fact that drivers can get cheaper premium rates and still have a local agent. And providing support for local insurance agencies is definitely important in Memphis.

To make it easy to find an agent, after completing this form (opens in new window), your information is immediately sent to local insurance agents who want to provide quotes for your insurance coverage. There is no need to leave your computer as quotes are delivered to you. You can find the lowest rates without a big time investment. If for some reason you want to get a price quote from a specific car insurance provider, don’t hesitate to visit that company’s website and submit a quote form there.

Insurance agent types

When searching for a local Memphis insurance agency, you must know there are a couple different types of agents that you can choose from. Car insurance agents in Memphis are considered either independent or exclusive depending on the company they work for.

Independent Agents

Agents that choose to be independent are not employed by any specific company so they have the ability to put coverage with lots of companies and get you the best rates possible. If your premiums go up, they can switch companies in-house and the insured can keep the same agent. When comparison shopping, it’s recommended you compare quotes from at a minimum one independent agency in order to compare the most rates. Most independent agents also contract with smaller regional carriers which may provide better rates.

The following are Memphis independent agents that may be able to provide competitive price quotes.

• First Reliable Insurance Agency
  5495 Winchester Rd Suite 3 – Memphis, TN 38115 – (901) 362-6052 – View Map
• Fred L. Davis Insurance Agency – Car Insurance Agency
  1374 Airways Blvd – Memphis, TN 38114 – (901) 323-6159 – View Map
• AutoSave Insurance
  2550 Poplar Ave – Memphis, TN 38112 – (901) 458-1630 – View Map

View more Memphis agents

Exclusive Car Insurance Agents

Agents that choose to be exclusive write business for a single company such as Allstate and State Farm. They are unable to provide prices from multiple companies so it’s a take it or leave it situation. Exclusive agencies are highly trained on their company’s products which helps overcome the inability to quote other rates. A lot of people choose to use an exclusive agent primarily because of loyalty to the company rather than having low rates.

Shown below is a list of exclusive insurance agents in Memphis who can help you get price quote information.

• GEICO Insurance Agent
  420 S Germantown Pkwy #109 – Cordova, TN 38018 – (901) 761-5240 – View Map
• Arther Wells – State Farm Insurance Agent
  4205 Hacks Cross Rd #116 – Memphis, TN 38125 – (901) 363-9217 – View Map
• Allstate Insurance: Josh Roman
  579 S Perkins Rd – Memphis, TN 38117 – (901) 683-8600 – View Map

View more Memphis agents

Choosing the best insurance agent shouldn’t rely on just a cheap price. Ask your prospective agent these questions:

• Is insurance their full-time profession?
• How would your car be valued if totaled?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Does the company have a solid financial rating?
• Will they give you a referral list?
• Will a damage claim use OEM or aftermarket replacement parts?