Best Insurance for a Saab 9-3 in Memphis

Cutting costs on Saab 9-3 insurance in Memphis can be a challenge for drivers who are new to online insurance quotes. With such a big selection of agents and insurers to choose from, it can easily be a burden to find the perfect company for you.

It’s safe to assume that car insurance companies don’t want you comparing rates. People who shop for lower rates will presumably switch to a new company because the odds are good of finding a policy with more affordable rates. A recent insurance study revealed that drivers who routinely compared rates saved an average of $72 a month compared to other drivers who don’t make a habit of comparing rates.

If finding the lowest price for Saab 9-3 insurance is why you’re here, learning how to get rate quotes and compare auto insurance can help simplify the task of finding more affordable coverage.

You should take the time to compare prices once or twice a year due to the fact that insurance prices trend upward over time. Just because you found the best quotes on Saab 9-3 insurance in Memphis a few years ago there may be better deals available now. Forget anything you know (or think you know) about insurance because it’s time to teach you one of the best ways to remove unneeded coverages and save money.

If you have car insurance now, you will surely be able to get lower rates using the tips covered below. Quoting and buying the lowest cost car insurance in Memphis is not that difficult. Although Tennessee vehicle owners must learn how insurance companies market on the web and take advantage of how the system works.

The fastest way that we advise to compare policy rates for Saab 9-3 insurance in Memphis is to realize most of the bigger providers will pay a fee to compare rate quotes. To begin a comparison, all you need to do is provide a small amount of information such as how much you drive, marital status, whether you drive to work or school, and if your license is active. That information is automatically sent to insurance companies and you should receive rate quotes within a short period of time.

To start a rate quote now, click here and enter your zip code.

The following companies are our best choices to provide free rate quotes in Tennessee. If you wish to find cheaper car insurance in Tennessee, it’s highly recommended you compare several of them in order to find the cheapest rates.

Analysis of coverages

The price information below outlines different insurance coverage prices for Saab 9-3 models. Having a good grasp of how insurance premiums are established can assist in making decisions on which coverage to buy.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Table data does not factor in specific zip code location which can influence coverage rates considerably.

Choosing deductibles

One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The rates below illustrate how much more rates are between low and high physical damage coverage deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 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, claim-free, safe-driver, and multi-policy. Premium costs do not factor in your specific Memphis location which can alter premium rates substantially.

Based on the data above, we can derive that using a $100 deductible will cost you about $37 more each month or $444 each year averaged for all 9-3 models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 24 months between claim filings, you would probably come out ahead if you choose the higher deductible. Here’s a better example of how this determination is made.

One thing to note is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a claim. That will require some available funds in order to pay the higher deductible in order to repair your vehicle.

The illustration below demonstrates how deductible levels and can increase or decrease Saab 9-3 insurance costs for different age categories. The premiums assume a married female driver, comp and collision included, and no policy discounts are applied.

Impact of citations and accidents on Memphis insurance rates

The information below demonstrates how citations and at-fault claims can increase Saab 9-3 insurance rates for each different age category. The premium estimates are based on a married male driver, full coverage, $250 deductibles, and no discounts are factored in.

How much more does full coverage cost?

The information below illustrates the difference between Saab 9-3 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. Data assumes no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are applied.

When to buy liability coverage only

There is no exact formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your Saab 9-3 settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after you pay the deductible. If it’s costing in excess of $300 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not drop full coverage.

Informed Consumers Save Money

Smart consumers have a good feel for the different types of things that are used to determine auto insurance rates. When consumers understand what influences your rates, this allows you to make good choices that may reward you with cheaper rates.

The itemized list below are just a few of the factors used by your company to calculate premiums.

Theft deterrents lowers prices – Buying a car with anti-theft technology or alarm system can help bring down rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your car from being stolen.

Cars with good safety ratings means cheaper prices – Safe vehicles tend to have lower insurance rates. Vehicles built for safety have better occupant injury protection and fewer injuries translates directly to fewer claims which can result in lower premiums.

Occupation impacts prices – Do you work in a high-stress field? Occupational choices like military generals, airline pilots, and medical professionals are shown to have higher premium rates because of high stress and incredibly demanding work hours. On the flip side, occupations such as professors, historians and homemakers pay the least.

Poor credit score equals high premiums – A driver’s credit score can be an important factor in your rate calculation. People that have good credit tend to file fewer claims and have better driving records than drivers with lower credit scores. If your credit score is not that good, you could pay less to insure your Saab 9-3 by spending a little time repairing your credit.

How much liability protection – Your auto insurance policy’s liability coverage is the protection if ever you are responsible for an accident. This coverage provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Insurance is not optional

Despite the high cost, maintaining insurance may be required and benefits you in several ways.

• Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability 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 you have a lien on your Saab, it’s guaranteed your bank will have a requirement that you have insurance to guarantee loan repayment. If you default on your policy, the lender may insure your Saab at a significantly higher premium and force you to pay for it.
• Insurance protects both your Saab 9-3 and your personal assets. It will also cover many types of medical costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers legal expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of insuring your 9-3 are definitely more than the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer is wasting up to $820 a year so compare rate quotes once a year at a minimum to ensure rates are inline.

Which auto insurance company is best in Memphis?

Finding a highly-rated insurer can be rather challenging considering how many companies sell insurance in Tennessee. The company information in the lists below can help you analyze which auto insurers you want to consider when shopping around.

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 Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. Titan Insurance