Are you overwhelmed by the number of insurance choices in Memphis? You’re not alone. Drivers have so many options that it can easily turn into a challenge to find the best premium rates for Suzuki Grand Vitara insurance in Memphis. Everyone knows Memphis is a good city to live in, but having to pay for pricey insurance makes it difficult to meet other financial obligations.
Steps to buying lower priced Suzuki Grand Vitara insurance in Memphis
If your goal is the lowest price, then the best way to get affordable car insurance rates is to compare prices regularly from companies that sell auto insurance in Memphis.
- Step 1: Spend some time learning about policy coverages and the factors you can control to drop your rates. Many risk factors that cause rate increases like traffic violations, accidents, and an imperfect credit history can be controlled by making minor changes in your lifestyle. This article provides more details to get cheaper rates and find overlooked discounts.
- Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies.
- Step 3: Compare the new quotes to your current policy premium and determine if there is any savings. If you find a lower rate quote and make a switch, make sure coverage does not lapse between policies.
- Step 4: Tell your current agent or company of your intention to cancel the current policy. Submit the completed application along with a down payment for the new policy. Don’t forget to safely store the proof of insurance certificate above your visor, in the console, or in the glove compartment.
One bit of advice is to try to compare identical limits and deductibles on every quote request and and to get price estimates from as many companies as feasibly possible. Doing this provides a fair price comparison and maximum price selection.
It’s a known fact that insurance companies want to keep you from comparing prices. Insureds who shop rates annually will presumably switch companies because they stand a good chance of finding a cheaper policy. A recent insurance study discovered that people who regularly compared price quotes saved on average $865 annually compared to other drivers who don’t regularly compare prices.
If finding the cheapest rates on car insurance in Memphis is the reason for your visit, then having a good understanding how to choose a company and compare insurance rates can help you be more efficient.
It’s a good idea to get comparison quotes periodically because insurance prices tend to go up over time. Just because you had the best rates on Suzuki Grand Vitara insurance in Memphis a few years ago you can probably find a better rate quote now. Ignore everything you know about insurance because you’re about to learn how to use online quotes to eliminate unnecessary coverages and save money on Suzuki Grand Vitara insurance in Memphis.
How much does Suzuki Grand Vitara insurance in Memphis, Tennessee cost?
When shopping for inexpensive Memphis auto insurance quotes, there are a couple of ways to compare rate quotes from many car insurance companies in Tennessee. One of the best ways to compare rates involves getting comparison quotes online. Just remember that obtaining a wide range of quotes helps you find more affordable rates. Some regional insurers cannot provide rate quotes online, so you should also compare rates from the smaller companies as well.
The following companies provide price comparisons in Memphis, TN. If your goal is to find cheap auto insurance in Memphis, TN, it’s a good idea that you compare several of them in order to get a fair rate comparison.
Auto insurance statistics for a Suzuki Grand Vitara
The premium table displayed below covers estimates of coverage costs for Suzuki Grand Vitara models. Having knowledge of how insurance prices are calculated helps drivers make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Vitara 2WD | $176 | $312 | $326 | $20 | $98 | $932 | $78 |
| Grand Vitara Premium 2WD | $176 | $368 | $326 | $20 | $98 | $988 | $82 |
| Grand Vitara Premium 4WD | $176 | $368 | $326 | $20 | $98 | $988 | $82 |
| Grand Vitara Limited 2WD | $176 | $368 | $326 | $20 | $98 | $988 | $82 |
| Grand Vitara Special Edition 4WD | $176 | $368 | $326 | $20 | $98 | $988 | $82 |
| Grand Vitara XSport 2WD | $176 | $368 | $326 | $20 | $98 | $988 | $82 |
| Grand Vitara Limited 4WD | $196 | $368 | $326 | $20 | $98 | $1,008 | $84 |
| Grand Vitara XSport 4WD | $196 | $368 | $326 | $20 | $98 | $1,008 | $84 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Prices do not factor in vehicle location which can impact auto insurance rates greatly.
Deductible comparison
The hardest decision when buying coverage is which deductible level should you buy. The comparisons below approximate the differences in premium rates of buying low and high comp and collision deductibles. The first rate estimation uses a $250 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 |
|---|---|---|---|---|---|---|---|
| Grand Vitara 2WD | $252 | $376 | $288 | $18 | $86 | $1,045 | $87 |
| Grand Vitara Premium 2WD | $252 | $444 | $288 | $18 | $86 | $1,113 | $93 |
| Grand Vitara Premium 4WD | $252 | $444 | $288 | $18 | $86 | $1,113 | $93 |
| Grand Vitara Limited 2WD | $252 | $444 | $288 | $18 | $86 | $1,113 | $93 |
| Grand Vitara Special Edition 4WD | $252 | $444 | $288 | $18 | $86 | $1,113 | $93 |
| Grand Vitara XSport 2WD | $252 | $444 | $288 | $18 | $86 | $1,113 | $93 |
| Grand Vitara Limited 4WD | $280 | $444 | $288 | $18 | $86 | $1,141 | $95 |
| Grand Vitara XSport 4WD | $280 | $444 | $288 | $18 | $86 | $1,141 | $95 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Vitara 2WD | $204 | $304 | $288 | $18 | $86 | $900 | $75 |
| Grand Vitara Premium 2WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Grand Vitara Premium 4WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Grand Vitara Limited 2WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Grand Vitara Special Edition 4WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Grand Vitara XSport 2WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Grand Vitara Limited 4WD | $228 | $358 | $288 | $18 | $86 | $978 | $82 |
| Grand Vitara XSport 4WD | $228 | $358 | $288 | $18 | $86 | $978 | $82 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rates do not factor in vehicle garaging location which can lower or raise prices considerably.
We can estimate from the data above that using a $250 deductible costs approximately $13 more each month or $156 for a full year averaged for all Grand Vitara models than selecting the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 19 months between claims, you would probably come out ahead if you decide on a higher deductible.
The example below highlights how deductible choice and can increase or decrease Suzuki Grand Vitara insurance costs for each different age group. The data assumes a single male driver, full physical damage coverage, and no additional discounts are factored in.
Auto insurance rates are higher with tickets and accidents
The information below illustrates how speeding tickets and at-fault claims can impact Suzuki Grand Vitara insurance costs for different age groups of insureds. The prices are based on a single female driver, full coverage, $250 deductibles, and no discounts are applied.
Auto insurance cost for men versus women in Memphis
The example below visualizes the comparison of Suzuki Grand Vitara car insurance rates for male and female drivers. The premium estimates are based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Does it make sense to buy full coverage?
The information below compares Suzuki Grand Vitara car insurance rates with liability coverage only compared to full coverage. The data is based on no accidents or driving violations, $100 deductibles, marital status is single, and no additional discounts are factored in.
When to drop full coverage
There is no specific rule to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Suzuki Grand Vitara replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after paying your policy deductible. If you are paying more than $400 a year for full coverage, then you might want to consider buying only liability coverage.
There are a few situations where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Do I just need basic coverages?
Always remember that when buying adequate coverage, there really isn’t a “best” method to buy coverage. You are unique.
For instance, these questions might help in determining whether you may require specific advice.
- Is my Suzuki Grand Vitara covered for flood damage?
- Does my policy pay for OEM or aftermarket parts?
- Is my trailer covered?
- Is coverage enough to protect my assets?
- Can I use my car for my catering business?
- What is covered by UM/UIM coverage?
If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.
When to talk to an insurance agent
Some consumers would rather buy from a licensed agent and that is just fine! One of the benefits of comparing insurance prices online is the fact that you can find cheap auto insurance quotes but also keep your business local. And supporting local agencies is important particularly in Memphis.
To help locate an agent, after submitting this quick form, your insurance data is emailed to agents in your area who can give free rate quotes for your insurance coverage. You don’t have to even leave your home since rate quotes are delivered to you directly. It’s the lowest rates and work with a local agent. If for some reason you want to compare prices from a specific auto insurance provider, feel free to navigate to their website to submit a rate quote request.
Picking the best company should depend on more than just the bottom line cost. Any agent in Memphis should be forthright in answering these questions:
- Will your rates increase after a single accident?
- Is coverage determined by price?
- Can glass repairs be made at your home?
- Do they offer rental car reimbursement?
- Will their companies depreciate repairs to your car based on the mileage?
- Do they receive special compensation for putting your coverage with one company over another?
- Are there any hidden costs in their price quote and does it include driving and credit history?