Unbelievably, the vast majority of consumers have been with the same company for a minimum of four years, and virtually 40% of consumers have never even compared quotes to find cheap rates. Most drivers in Memphis can cut their rates by about 35% a year just by shopping around, but they don’t want to spend time to find cheap rates by getting comparison quotes.
If you want to find the absolute lowest rates, then the best way to get budget auto insurance rates is to regularly compare quotes from different companies that sell auto insurance in Memphis.
- First, try to understand how insurance companies determine prices and the steps you can take to keep rates down. Many things that result in higher prices like traffic citations and a bad credit score can be eliminated by making small lifestyle or driving habit changes.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO and Allstate, while agents who are independent can quote prices for many different companies. View companies
- Third, compare the price quotes to your existing policy to see if cheaper City Express coverage is available in Memphis. If you find a better price and switch companies, verify that coverage does not lapse between policies.
- Fourth, notify your company or agent of your decision to cancel the current policy and submit the required down payment along with the signed application for your new coverage. Immediately safely store the proof of insurance certificate above your visor, in the console, or in the glove compartment.
A good tip to remember is to use similar deductibles and liability limits on each price quote and and to get rates from as many companies as feasibly possible. This helps ensure an accurate price comparison and a better comparison of the market.
If you already have coverage, you should be able to find the best rates using the tips covered below. Locating the most cost-effective car insurance policy in Memphis is quite easy if you know the best way to do it. But Tennessee drivers must comprehend the way insurance companies determine premium rates because it can help you find the best coverage.
Learn How to Buy Insurance Cheaper
An important part of buying insurance is that you know the factors that play a part in calculating your premiums. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that could result in lower insurance prices. Lots of factors are taken into consideration when quoting car insurance. Some of the criteria are obvious such as your driving history, although others are not as apparent like your continuous coverage and annual miles driven.
- How credit score affects insurance costs – Credit rating will be a significant factor in your rate calculation. If your credit rating could use some work, you could pay less to insure your Chevrolet City Express by improving your rating. Drivers with very good credit scores tend to be less risk to insure than drivers who have lower credit ratings.
- Consolidate policies with the same company – Most major insurers allow a discount to clients that buy multiple policies in the form of a multi-policy discount. Even if you already get this discount, it’s in your best interest to comparison shop to help ensure you have the lowest rates. You may still save money even if you have your coverage with different companies
- Job and insurance prices – Occupational choices like fire fighters, business owners, and financial analysts generally pay higher premium rates in part from job stress and incredibly demanding work hours. On the other hand, jobs like professors, engineers and retirees generally pay rates lower than average.
- Prevent theft and save – Buying a car with an alarm system can help bring down rates. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent vehicle theft.
Statistics and details
The information below covers estimates of policy rates for Chevy City Express models. Having knowledge of how insurance policy rates are calculated can be valuable when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| City Express Cargo 2500 2WD | $152 | $282 | $376 | $22 | $112 | $944 | $79 |
| City Express Cargo 1500 2WD | $152 | $342 | $376 | $22 | $112 | $1,004 | $84 |
| City Express Cargo 3500 2WD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express 2500 LT 2WD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express 2500 2WD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express 2500 LS 2WD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express 3500 2WD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express Cargo 1500 AWD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express 1500 LS 2WD | $174 | $342 | $376 | $22 | $112 | $1,026 | $86 |
| City Express 1500 LS AWD | $174 | $404 | $376 | $22 | $112 | $1,088 | $91 |
| City Express 1500 AWD | $174 | $404 | $376 | $22 | $112 | $1,088 | $91 |
| City Express 1500 LT 2WD | $174 | $404 | $376 | $22 | $112 | $1,088 | $91 |
| City Express Cargo 1500 Turbo Diesel 2WD | $174 | $404 | $376 | $22 | $112 | $1,088 | $91 |
| City Express Cargo 2500 Turbo Diesel 2WD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
| City Express 3500 LT 2WD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
| City Express 3500 LS 2WD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
| City Express 3500 2WD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
| City Express 1500 LT AWD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
| City Express Cargo 3500 Turbo Diesel 2WD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
| City Express Cargo 1500 Turbo Diesel AWD | $196 | $404 | $376 | $22 | $112 | $1,110 | $93 |
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in zip code location which can affect coverage rates considerably.
Insurance premiums based on gender
The illustration below illustrates the comparison of Chevy City Express yearly insurance costs for male and female drivers. The rates are based on no claims or driving citations, full physical damage coverage, $100 deductibles, single marital status, and no policy discounts are applied.
Cost comparison with and without full coverage
The example below shows the comparison of Chevy City Express auto insurance costs with liability coverage only compared to full coverage. The premiums are based on no violations or accidents, $1,000 deductibles, marital status is single, and no discounts are applied.
Are you wasting money paying for full coverage?
There is no set rule that works best for making the decision to drop full coverage, but there is a general guideline. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Chevy City Express book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after the policy deductible has been paid. If you are paying over $800 annually for physical damage coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping full coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
Auto insurance policy discounts you can’t miss
Insuring your fleet can be pricey, but you might be missing out on some discounts that you may not even be aware of. Many of these discounts will be applied automatically at the time you complete a quote, but some may not be applied and must be inquired about before you get the savings.
- Discount for Swiching Early – Some insurance companies reward drivers for renewing your policy prior to your current City Express insurance policy expiring. You may see this discount when you get Memphis auto insurance quotes online.
- Data Collection Discounts – Insureds who allow data collection to monitor driving habits by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they exhibit good driving behavior.
- Clubs and Organizations – Affiliation with a professional or civic organization may earn a discount on auto insurance.
- Discount for Home Ownership – Owning a house in Memphis can earn you a little savings due to the fact that maintaining a home is proof that your finances are in order.
- Theft Deterrent – Vehicles with anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
- E-sign Discounts – Some larger companies will give you a small discount for buying a policy and signing up over the internet.
- Multi-car Discount – Buying coverage for multiple cars or trucks on a single policy could earn a price break for each car.
- Bundled Policy Discount – If you have multiple policies with the same insurance company you will save over 10 percent off each policy depending on the company.
- Low Miles Discount – Maintaining low annual mileage could earn discounted prices on garaged vehicles.
- Air Bag Discount – Vehicles with factory air bags or automatic seat belts can get savings of up to 25% or more.
You can save money using discounts, but many deductions do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will positively reduce your auto insurance premiums.
The example below illustrates the comparison of Chevy City Express car insurance costs with and without policy discounts. The premium estimates are based on a female driver, no claims or violations, 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 safe-driver, homeowner, claim-free, marriage, multi-car, and multi-policy discounts applied.
To see auto insurance companies that can offer you the previously mentioned discounts in Tennessee, click here to view.
A little work can save a LOT of money
When trying to cut insurance costs, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice full coverage and discovered at claim time they didn’t have enough coverage. The ultimate goal is to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.
Discount Chevy City Express insurance in Memphis is possible from both online companies and also from your neighborhood Memphis agents, and you need to comparison shop both so you have a total pricing picture. Some companies may not offer the ability to get a quote online and most of the time these small insurance companies provide coverage only through local independent agents.
Insureds switch companies for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, delays in responding to claim requests and even not issuing a premium refund. No matter why you want to switch, finding a new company is less work than it seems.
Additional detailed information is available at these sites:
- Teen Driver Licensing Information (iihs.org)
- Who Has the Cheapest Memphis Car Insurance Quotes for Drivers Over Age 70? (FAQ)
- Who Has Cheap Memphis Auto Insurance Rates for Drivers with Bad Credit? (FAQ)
- What Insurance is Cheapest for State Employees in Memphis? (FAQ)
- Who Has Affordable Memphis Auto Insurance for Postal Workers? (FAQ)
- How Much is Memphis Auto Insurance for a 20 Year Old Female? (FAQ)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)