Do you need a better way to compare more affordable insurance rates in Memphis, TN? Memphis shoppers have lots of choices when shopping for low-cost Land Rover LR4 insurance. They can either waste time contacting agents trying to get quotes or save time using the internet to make rate comparisons. There is a right way and a wrong way to compare insurance rates and we’ll show you the quickest way to price shop coverage for a new or used Land Rover and locate the best price possible.
It’s a known fact that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around for the cheapest price will most likely switch companies because there are good odds of finding a lower-cost company. A recent survey revealed that people who faithfully checked for cheaper rates saved over $3,500 over four years as compared to drivers who never shopped around for better prices.
If saving the most money on auto insurance in Memphis is the reason you’re reading this, learning how to get free comparison quotes and analyze cheaper coverage can make it easier to shop your coverage around.
Consumers need to price shop coverage before your policy renews because insurance rates are usually higher with each renewal. Even if you think you had the best rate on Land Rover LR4 insurance in Memphis at your last renewal you may be paying too much now. Block out anything you think you know about insurance because we’re going to demonstrate the only way to find great coverage at a great price.
Finding the cheapest auto insurance coverage in Memphis is really not that difficult. If you currently have auto insurance, you will be able to get lower rates using the ideas presented in this article. Comparison shoppers just have to know the proper way to compare rate quotes online from multiple companies.
How much is Land Rover LR4 insurance in Memphis, Tennessee?
Most companies such as GEICO, State Farm and Progressive give insurance quotes direct online. Comparing prices online for Land Rover LR4 insurance in Memphis can be done by anyone because it’s just a matter of typing in your personal and coverage information as requested by the quote form. After you submit the form their system will order reports for credit and driving violations and gives you a price quote based on the information you submitted.
Using the web to get price quotes for Land Rover LR4 insurance in Memphis simplifies rate comparisons, and it is imperative to get many rate quotes if you want to find lower-cost prices.
If you want to compare rates using this form now, compare rates now from the companies shown below. If you have your current policy handy, we recommend you complete the form with your coverages exactly as they are listed on your policy. This helps ensure you will have comparison quotes for exact coverage.
The car insurance companies shown below have been selected to offer free quotes in Tennessee. In order to find the best cheap auto insurance in TN, we suggest you visit two to three different companies to get a more complete price comparison.
Analysis of coverages
The premium information displayed next covers detailed analysis of prices for Land Rover LR4 models. Understanding how insurance prices are formulated can assist in making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR4 | $266 | $500 | $326 | $20 | $98 | $1,210 | $101 |
| LR4 HSE | $266 | $500 | $326 | $20 | $98 | $1,210 | $101 |
| LR4 HSE Plus | $266 | $566 | $326 | $20 | $98 | $1,276 | $106 |
| LR4 LUX | $290 | $566 | $326 | $20 | $98 | $1,300 | $108 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Table data does not factor in specific location information which can modify price quotes greatly.
Physical damage deductibles: Should you raise them?
When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The comparisons below may help to illustrate the premium difference when you select higher and lower deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR4 | $344 | $608 | $288 | $18 | $86 | $1,369 | $114 |
| LR4 HSE | $344 | $608 | $288 | $18 | $86 | $1,369 | $114 |
| LR4 HSE Plus | $344 | $688 | $288 | $18 | $86 | $1,449 | $121 |
| LR4 LUX | $376 | $688 | $288 | $18 | $86 | $1,481 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR4 | $192 | $320 | $288 | $18 | $86 | $904 | $75 |
| LR4 HSE | $192 | $320 | $288 | $18 | $86 | $904 | $75 |
| LR4 HSE Plus | $192 | $362 | $288 | $18 | $86 | $946 | $79 |
| LR4 LUX | $208 | $362 | $288 | $18 | $86 | $962 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rate information does not factor in specific Memphis garaging location which can alter coverage prices considerably.
Based on these figures, using a $100 deductible costs roughly $41 more each month or $492 a year averaged for all LR4 models than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 22 months between claim filings, you would probably be better off if you elect the higher deductible.
Cost difference between full coverage and liability
The illustration below shows the difference between Land Rover LR4 insurance premiums with and without physical damage coverage. The costs are based on no accidents, no driving violations, $250 deductibles, single status, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no set guideline of when to stop paying for full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Land Rover LR4 book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,000 after you pay the deductible. If you are paying over $300 a year to have full coverage, then it might be time to buy liability only.
There are some scenarios where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.
What insurance coverages do I need?
When selecting insurance from an agent or online for your vehicles, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that
For instance, these questions might help in determining whether your personal situation may require specific advice.
- Does my policy cover me if I wreck while driving under the influence?
- How long can I keep a teen driver on my policy?
- Do I have coverage when making deliveries for my home business?
- Can I get a multi-policy discount?
- Is my teen driver covered when they drive my company car?
- Do I benefit by insuring my home with the same company?
If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.
Local Memphis insurance agencies and insurance
Certain consumers would prefer to get advice from a local agent and that is OK! Professional agents are trained risk managers and help submit paperwork. The biggest benefit of getting online price quotes is the fact that you can find lower car insurance rates but still work with a licensed agent.
To help locate an agent, after submitting this short form, your insurance data is submitted to agents in your area who can give free rate quotes to get your business. There is no reason to find an agent on your own due to the fact that quote results will go straight to your inbox. If you have a need to quote rates for a specific company, you can always find their quoting web page to submit a rate quote request.
Choosing an insurer should depend on more than just a cheap price. These are some valid questions you should ask.
- Did they already check your driving record and credit reports?
- Which members of your family are coverage by the policy?
- How long has their agency been in business in Memphis?
- Do they have cheaper tiers of coverage?
- Do they offer rental car reimbursement?
- Will high miles depreciate repair valuations?
Memphis auto insurance agents are either independent or exclusive
If you need to find a reliable agent, you need to know there are two different agency structures and how they are distinctly different. Agents may be either exclusive or independent agents depending on their company appointments. Both write policy coverage, but it’s good to learn the difference in the companies they write for since it could factor into your agent selection.
Exclusive Insurance Agencies
Agents that elect to be exclusive can only write with one company and some examples include Farmers Insurance, State Farm, or Allstate. They usually cannot compare rates from other companies so you need to shop around if the rates are high. These agents are trained well in insurance sales which helps them sell insurance even at higher premiums. A lot of people use the same agent partially due to the prominent brand name rather than low rates.
Listed below is a list of exclusive agents in Memphis who can help you get comparison quotes.
- Allstate Insurance: Willie E. Martin
3315 Kirby Pkwy – Memphis, TN 38115 – (901) 365-2008 – View Map - Ron Willis – State Farm Insurance Agent
3486 Poplar Ave #102 – Memphis, TN 38111 – (901) 454-7912 – View Map - GEICO Insurance Agent
420 S Germantown Pkwy #109 – Cordova, TN 38018 – (901) 761-5240 – View Map
Independent Agencies or Brokers
These type of agents are not employed by one company and that gives them the ability to insure with lots of companies and find the cheapest insurance rates. If premiums increase, your agent can switch companies and you don’t have to do anything. When comparing rates, we recommend you compare prices from several independent insurance agents to get the most accurate price comparison. Most also write with smaller companies which may provide better rates.
Listed below are independent insurance agents in Memphis who can help you get price quote information.
- Oseman Insurance Agency
6750 Poplar Ave #410 – Memphis, TN 38138 – (901) 562-0151 – View Map - Clay and Land Insurance, Inc.
866 Ridgeway Loop Rd #200 – Memphis, TN 38120 – (901) 767-3600 – View Map - Smith-Berclair Insurance
855 Ridge Lake Blvd #400 – Memphis, TN 38120 – (901) 753-4323 – View Map