Cheap Insurance for a Scion xD in Memphis

We don’t have to tell you that auto insurance companies don’t want their customers to go rate shopping. Insureds who compare rates annually will presumably switch car insurance companies because there is a good probability of finding better rates. Remarkably, a study showed that consumers who shopped around annually saved $850 each year as compared to drivers who never shopped around for cheaper prices.

If finding budget-friendly auto insurance is your ultimate target, understanding how to get free comparison quotes and analyze cheaper coverage can make it easier for you to save money.

If you want to save the most money, the best way to save on auto insurance rates is to do an annual price comparison from companies in Memphis.

First, try to learn a little about the coverage provided by your policy and the things you can control to keep rates in check. Many policy risk factors that increase rates such as traffic violations and a not-so-good credit score can be eliminated by being financially responsible and driving safely. Later in this article we will cover information to help keep rates affordable and get additional discounts that may be available.

Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like Progressive or State Farm, while independent agencies can give you price quotes from multiple insurance companies.

Third, compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate quote, make sure there is no coverage gap between policies.

A tip to remember is that you use the same coverage limits and deductibles on every price quote and and to get price estimates from as many car insurance companies as possible. Doing this ensures a fair rate comparison and a thorough price selection.

Buying affordable car insurance in Memphis is much easier if you have a good place to start. Basically, each driver who is shopping for car insurance will get a lower-priced policy. Nevertheless, Tennessee drivers do need to learn the way insurance companies determine how much to charge because it can help you find the best coverage.

Cheaper rates with these price cutting discounts

Insurance is not an enjoyable expense, but there are discounts available to reduce the price significantly. A few discounts will automatically apply when you quote, but some discounts are required to be specially asked for before they will apply.

• Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase a life insurance policy as well.
• Discount for Home Ownership – Being a homeowner may earn you a small savings because owning a home requires a higher level of personal finance.
• Drivers Education – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in high school.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can get savings of more than 20%.
• ABS and Traction Control Discounts – Cars with ABS braking systems or traction control prevent accidents so companies give up to a 10% discount.
• More Vehicles More Savings – Buying insurance for more than one vehicle with one company can get a discount on all vehicles.

It’s important to note that most discount credits are not given to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, that’s just not realistic.

The example below shows the comparison of Scion xD auto insurance rates with and without policy discounts. The costs are based on a female driver, no accidents or driving violations, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, homeowner, claim-free, and marriage discounts applied.

A few popular companies and a selection of discounts are included below.

• Travelers has savings for IntelliDrive, early quote, home ownership, new car, and good student.
• 21st Century includes discounts for student driver, theft prevention, driver training, good student, automatic seat belts, and teen driver.
• State Farm may offer discounts for good driver, multiple autos, Steer Clear safe driver discount, defensive driving training, and student away at school.
• GEICO offers discounts including seat belt use, air bags, five-year accident-free, defensive driver, and anti-theft.
• SAFECO may include discounts for multi-car, teen safe driver, homeowner, accident prevention training, anti-theft, teen safety rewards, and bundle discounts.
• AAA has discounts for multi-car, multi-policy, anti-theft, education and occupation, good driver, pay-in-full, and good student.

If you need affordable Scion xD insurance quotes, ask all the companies to give you their best rates. Some discounts might not be offered on policies in your area. For a list of insurance companies that have a full spectrum of discounts in Tennessee, click this link.

Most companies give coverage price quotes on the web. This process is possible for anyone as all you need to do is type in the amount of coverage you want into the form. Upon sending the form, the quote system automatically orders your driving record and credit report and returns a price quote based on the data you entered. The ability to get online rate quotes for Scion xD insurance in Memphis makes it a lot easier to compare rates and it is imperative to get many rate quotes in order to get a better rate.

In order to use this form to compare rates, compare rates now from the companies shown below. If you have a policy now, it’s recommended you input the coverages as close as possible to your current policy. This ensures you’re receiving rate quotes based on similar coverages.

The companies shown below are ready to provide free rate quotes in Memphis, TN. If you want to find the best cheap car insurance in Memphis, we recommend you click on several of them to get a more complete price comparison.

Statistics and details

The premium information shown next highlights detailed analysis of prices for Scion xD models. Learning a little about how car insurance prices are figured can assist in making smart choices when purchasing an insurance policy.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in vehicle location which can raise or lower auto insurance rates greatly.

Raise deductibles and save

One of the hardest decisions when shopping for car insurance is the level to set your comp and collision deductibles. The comparison tables below outline the differences in premium rates when you select higher and lower comp and collision deductibles. The first table uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.

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 homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can impact coverage prices considerably.

We can derive from the above data that using a $250 deductible costs approximately $20 more each month or $240 annually than buying the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 38 months between claim filings, you would probably come out ahead going with the higher deductible.

Responsible drivers pay cheaper car insurance rates

The illustration below shows how violations and at-fault fender-benders impact Scion xD car insurance rates for different age groups. The rate quotes are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.

Full coverage versus liability-only in Memphis

The chart below shows the comparison of Scion xD annual premium costs with full coverage compared to only the Tennessee minimum liability coverage. Data assumes no claims or violations, $500 deductibles, marital status is single, and no discounts are applied.

Should you be buying full coverage?

There isn’t a written rule for eliminating full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s say your Scion xD replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after the policy deductible has been paid. If premium cost is more than $200 annually for your policy with full coverage, then it might be time to buy liability only.

There are some circumstances where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage.

Do I just need basic coverages?

Keep in mind that when it comes to choosing insurance from an agent or online, there really is not a perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that can help discover whether or not you would benefit from professional advice.

• Do all my vehicles need collision coverage?
• Is pet coverage available?
• Should I rate my Scion xD as pleasure use or commute?
• Can I rent a car in Mexico?
• When should I remove comp and collision on my Scion xD?
• When should I buy a commercial auto policy?
• Is motorclub coverage worth it?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form.

When to contact a local insurance agent

Some consumers still like to get professional advice from a licensed agent and that is OK! One of the great benefits of comparing rates online is that you can find better rates and still choose a local agent.

For easy comparison, once you complete this form (opens in new window), the coverage information is transmitted to insurance agents in Memphis that can give you free Memphis car insurance quotes for your business. There is no need to contact any agents because quoted prices will be sent to your email. You’ll get the best rates without the usual hassles of price shopping. If you have a need to compare rates from a specific company, just visit that company’s website and fill out the quote form the provide.

Selecting an insurer shouldn’t rely on just a cheap quote. Any agent in Memphis should have no problem answering these questions:

• How often do they review policy coverages?
• Are there any discounts that you might be missing?
• Is their price quote a firm figure or are their hidden costs?
• Are aftermarket or OEM parts used to repair vehicles?
• Does their agency support local causes in Memphis?
• Do they get extra compensation for selling add-on coverages?

Pick the best auto insurance agent in Memphis for you

When searching for a reputable agency, you need to know there are two types of insurance agents and how they can service your needs differently. Auto insurance agencies are categorized either independent (non-exclusive) or exclusive.

Exclusive Agents

Agents of this type can only write with one company and examples are Farmers Insurance, Allstate, or State Farm. Exclusive agencies are unable to provide rate quotes from other companies so they have to upsell other benefits. They are usually well trained in insurance sales and that can be a competitive advantage.

The following are Memphis exclusive insurance agents willing to provide price quote information.

View more Memphis agents

Independent Auto Insurance Agencies

Independent insurance agents do not write with just one company and that allows them to write policies with lots of companies enabling the ability to shop coverage around. If premiums increase, your agent can switch companies which is easy for the insured. If you need cheaper auto insurance rates, you will definitely want to contact a few independent agents to get the most accurate price comparison.

The following is a short list of independent agencies in Memphis who can help you get rate quotes.

View more Memphis agents

Best car insurance in Tennessee

Picking the best auto insurance provider can be difficult considering how many choices drivers have in Memphis. The company rank data in the next section can help you select which providers you want to consider comparing rates from.

Top 10 Memphis Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Titan Insurance – A+
7. Esurance – A+
8. Progressive – A+
9. Nationwide – A+
10. The Hartford – A+

Top 10 Memphis Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

In conclusion

We just showed you many tips how you can shop for Scion xD insurance online. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from a smaller regional carrier.

Insureds switch companies for many reasons like poor customer service, unfair underwriting practices, questionable increases in premium and even policy cancellation. Whatever your reason, choosing a new insurance company is easier than you think.

When searching for the cheapest Scion xD rate quotes, do not buy poor coverage just to save money. There are many occasions where an insured cut comprehensive coverage or liability limits only to discover later they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at an affordable rate.

Other learning opportunities

• Event Data Recorders FAQ (iihs.org)
• Who Has Cheap Memphis Auto Insurance for a Ford Explorer? (FAQ)
• Who Has the Cheapest Auto Insurance for 19 Year Olds in Memphis? (FAQ)
• What Auto Insurance is Cheapest for Retired Military in Memphis? (FAQ)
• Determining Auto Insurance Rates (GEICO)
• Auto Crash Statistics (Insurance Information Institute)