Comparing and finding cheaper rates for Ford Flex insurance in Memphis can seem to be hard for beginners to online price comparisons. People have so many options available that it can be a real challenge to compare prices in Tennessee on Ford Flex insurance.
How to find more affordable Ford Flex insurance in Memphis
It takes a little time, but the best way to find affordable quotes for Ford Flex insurance in Memphis is to regularly compare price quotes from providers that insure vehicles in Tennessee.
- It will benefit you to learn about car insurance and the steps you can take to prevent expensive coverage. Many policy risk factors that result in higher prices like careless driving and your credit history can be controlled by paying attention to minor details. Read the full article for ideas to help find cheaper rates and get bigger discounts.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like GEICO and Allstate, while independent agencies can provide rate quotes for many different companies.
- Compare the new quotes to your existing coverage to see if a cheaper price is available in Memphis. If you find better rates and decide to switch, ensure coverage does not lapse between policies.
- Tell your current agent or company to cancel your current auto insurance policy and submit a down payment along with a completed application for the new coverage. Once the paperwork is finalized, put the new certificate verifying coverage in your vehicle’s glove compartment or console.
The critical component of shopping around is that you’ll want to compare identical coverages on each quote and and to get prices from as many companies as you can. This guarantees an accurate price comparison and the best price selection.
It’s an obvious statement that auto insurance companies don’t want you comparing rates. Insureds who compare rates at least once a year are inclined to switch companies because there is a significant possibility of finding a more affordable policy premium. A recent survey revealed that people who regularly shopped around saved over $860 a year as compared to drivers who don’t make a habit of comparing rates.
If saving money on Ford Flex insurance is your intention, then understanding how to compare insurance coverage can make it easier for you to save money.
Smart consumers take time to compare premium rates before your next renewal because prices are variable and change quite frequently. Just because you had the lowest quotes on Ford Flex insurance in Memphis two years ago you will most likely find a better rate today. Forget all the misinformation about car insurance because you’re going to learn the fastest and easiest way to save on car insurance.
If you have a policy now, you will be able to find the best rates using the tips covered below. This article will help you learn the most effective ways to compare rates and some money-saving tips. Nevertheless, Tennessee consumers can benefit by having an understanding of how insurance companies set your policy premium and apply this information to your search.
When shopping for Ford Flex insurance in Memphis there are multiple ways to compare quotes from different Memphis insurance companies. The simplest method to comparison shop is to get quotes online.
Just remember that comparing more prices provides better odds of finding the best offered rates.
The following companies offer comparison quotes in Tennessee. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.
Ford Flex insurance rates and statistics
The information shown below covers detailed analysis of insurance prices for Ford Flex models. Learning a little about how prices are figured can help guide drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Flex SE 2WD | $172 | $290 | $390 | $24 | $116 | $992 | $83 |
| Flex SEL 2WD | $172 | $342 | $390 | $24 | $116 | $1,044 | $87 |
| Flex SEL AWD | $192 | $342 | $390 | $24 | $116 | $1,064 | $89 |
| Flex Limited 2WD | $192 | $342 | $390 | $24 | $116 | $1,064 | $89 |
| Flex Limited AWD | $192 | $342 | $390 | $24 | $116 | $1,064 | $89 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in garaging location in Memphis which can influence prices greatly.
Rate comparison for different deductibles
One of the more difficult decisions when buying insurance is which comprehensive and collision deductibles to buy. The following insurance rates illustrate the difference in cost when you select higher and lower deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Flex SE 2WD | $252 | $376 | $288 | $18 | $86 | $1,045 | $87 |
| Flex SEL 2WD | $252 | $444 | $288 | $18 | $86 | $1,113 | $93 |
| Flex SEL AWD | $280 | $444 | $288 | $18 | $86 | $1,141 | $95 |
| Flex Limited 2WD | $280 | $444 | $288 | $18 | $86 | $1,141 | $95 |
| Flex Limited AWD | $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 |
|---|---|---|---|---|---|---|---|
| Flex SE 2WD | $156 | $236 | $288 | $18 | $86 | $784 | $65 |
| Flex SEL 2WD | $156 | $278 | $288 | $18 | $86 | $826 | $69 |
| Flex SEL AWD | $174 | $278 | $288 | $18 | $86 | $844 | $70 |
| Flex Limited 2WD | $174 | $278 | $288 | $18 | $86 | $844 | $70 |
| Flex Limited AWD | $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 multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in vehicle garaging location which can revise coverage rates greatly.
Based on the above data, using a $250 deductible costs approximately $24 more each month or $288 for a full year than requesting the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 31 months between claim filings, you would save money if you decide on a higher deductible.
Age-based insurance rates by gender
The example below visualizes the comparison of Ford Flex auto insurance rates for male and female drivers. The information is based on no driving violations, no at-fault accidents, full coverage, $250 deductibles, single status, and no discounts are applied.
Full coverage versus liability-only in Memphis
The information below illustrates the comparison of Ford Flex insurance prices with and without physical damage coverage. The premiums are based on no violations or claims, $500 deductibles, marital status is single, and no additional discounts are factored in.
When to stop buying physical damage coverage
There is no set rule for eliminating full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Ford Flex replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $8,000 after paying your policy deductible. If it’s costing in excess of $800 annually for full coverage, then it could be time to drop full coverage.
There are some scenarios where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Choosing Flex insurance is an important decision
Even though Memphis Flex insurance rates can get expensive, buying insurance is required in Tennessee but also provides important benefits.
First, the majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance in order to license the 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.
Second, if you have a loan on your car, it’s guaranteed your bank will require you to have insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Ford at a more expensive rate and make you pay the higher price.
Third, insurance preserves both your vehicle and your personal assets. Insurance will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your insurance policy will cover the repair costs.
The benefits of having insurance are definitely more than the cost, especially when you need to use it. As of last year, the average driver in Tennessee is currently overpaying as much as $865 each year so it’s important to compare rates once a year at a minimum to save money.
Components of Your Ford Flex Insurance Rates
Consumers need to have an understanding of the different types of things that help determine the price you pay for car insurance. When you understand what impacts premium levels, this enables informed choices that can help you get better car insurance rates. Lots of things are considered when pricing auto insurance. Most are fairly basic like a motor vehicle report, although others are less apparent like your vehicle usage or your financial responsibility.
The items below are some of the most common factors used by companies to determine premiums.
- Drivers with good credit save on car insurance – Having a bad credit score factor in calculating your car insurance rates. Insureds that have very high credit ratings tend to be better drivers and file fewer claims as compared to drivers with poor credit. If your credit leaves room for improvement, you could be paying less to insure your Ford Flex by spending a little time repairing your credit.
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Obey driving laws and save – Being a careful driver impacts premiums far more than you think. Having just one moving violation can increase the cost of insurance by twenty percent. Drivers who don’t get tickets pay lower auto insurance prices compared to drivers with tickets. Drivers who have received careless tickets like hit and run, DWI or reckless driving convictions might be required by their state to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to legally drive.
The chart below illustrates how violations and at-fault claims increase Ford Flex insurance costs for different age groups. The information is based on a single female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
- Safer vehicles save money – Cars with five star safety ratings tend to have lower insurance rates. These vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company and thus lower rates. If your Ford Flex scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
- You may save more by consolidating policies – Many car insurance companies will give a discount to buyers that have more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, it’s in your best interest to comparison shop to help ensure you have the lowest rates.
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Ford Flex historical loss data – Companies use statistical claims data to calculate a rate that offsets possible losses. Vehicles that the data shows to have high amounts or severity of claims will have increased rates. The next table illustrates the loss history for Ford Flex vehicles.
For each coverage category, the claim probability for all vehicles, regardless of make or model, equals 100. Percentage numbers below 100 suggest a positive loss record, while values that are above 100 show a trend for more claims or an increased probability of a larger loss.
Auto Insurance Loss Data for Ford Flex Models Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Flex 4dr 2WD 89 84 107 91 100 87 Ford Flex 4dr 4WD 105 84 119 77 79 75 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
How much insurance do I need?
When it comes to coverage online or from an agent, there really is not a cookie cutter policy. Your situation is unique so your insurance should reflect that
These are some specific questions can aid in determining whether your personal situation could use an agent’s help.
- Do I need medical payments coverage since I have good health insurance?
- Can I make deliveries for my home business?
- Am I covered if I break a side mirror?
- What is no-fault insurance?
- Which companies will insure high-risk drivers?
- What is the ISO rating for a Ford Flex?
- What companies insure drivers after a DUI or DWI?
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Tennessee auto insurance companies ranked
Selecting a high-quality company can be challenging considering how many choices you have in Memphis. The ranking information shown below may help you decide which insurers you want to consider buying from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Insurance savings summarized
While you’re price shopping online, you should never buy less coverage just to save a little money. There have been many cases where consumers will sacrifice collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage for the lowest cost while still protecting your assets.
We just presented many ideas to shop for Ford Flex insurance online. The key concept to understand is the more you quote Memphis car insurance, the more likely it is that you will get a better rate. You may even find the lowest rates are with a smaller regional carrier. Regional companies may have significantly lower car insurance rates on certain market segments than their larger competitors like Allstate, GEICO and Progressive.
Steps to finding the cheapest rates for Ford Flex insurance in Memphis
If saving the most money is your goal, then the best way to get affordable Ford Flex insurance is to compare prices at least once a year from providers who can sell car insurance in Memphis.
- First, try to comprehend how companies set rates and the things you can control to drop your rates. Many things that drive up the price like speeding tickets, accidents and a less-than-favorable credit score can be remedied by paying attention to minor details.
- Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Allstate, while agents who are independent can quote prices from multiple sources.
- Third, compare the price quotes to your existing coverage to determine if switching companies saves money. If you find better rates, ensure there is no coverage lapse between policies.
- Fourth, provide notification to your current company of your decision to cancel your current coverage. Submit the required down payment along with the signed application to the new insurer. Make sure you keep your new proof of insurance certificate in a readily accessible location in your vehicle.
One thing to point out is to try to compare the same coverage limits and deductibles on every quote and and to get prices from as many car insurance companies as possible. Doing this ensures an apples-to-apples comparison and a complete price analysis.
Additional information is available at the links below
- Tread Depth and Tire Safety (State Farm)
- How Much is Car Insurance for Drivers with a Bad Driving Record in Memphis? (FAQ)
- Who Has Cheap Auto Insurance Rates for Real Estate Agents in Memphis? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a 20 Year Old Male in Memphis? (FAQ)
- How Much is Memphis Car Insurance for Government Employees? (FAQ)
- What Auto Insurance is Cheapest for a Chevrolet Equinox in Memphis? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Event Data Recorders FAQ (iihs.org)