When looking for cheaper insurance, do you get confused by the number of auto insurance choices available to you? There are such a large number of options that it can easily turn into hard work to find better prices for Suzuki Equator insurance in Memphis. Everyone knows that Memphis is an awesome place to live, but the high premiums for auto insurance can make it impossible to be able to buy decent coverage.
Unbelievably, the majority of drivers have bought auto insurance from the same company for more than four years, and nearly 40% of drivers have never even compared quotes to find lower-cost rates. Tennessee consumers can save hundreds of dollars each year by just comparing rate quotes, but they don’t invest the time required to compare rates online.
You should take the time to do rate comparisons periodically because rates change regularly. Even if you got the lowest premium rates on Suzuki Equator insurance in Memphis at your last renewal a different company probably has better prices today. Forget all the misinformation about auto insurance because you’re going to get a crash course in the best way to reduce your cost while increasing coverage.
If you’re already insured, you will definitely be able to shop for the lowest rates using these techniques. Quoting and comparing affordable policy in Memphis can be fairly easy. But Tennessee drivers benefit from understanding how insurance companies determine what you pay and use it to your advantage.
Companies offering low-cost Suzuki Equator rate quotes in Memphis, TN
The providers in the list below are ready to provide quotes in Tennessee. If multiple companies are listed, it’s highly recommended you visit two to three different companies to get the best price comparison.
Facts and figures for Suzuki Equator insurance
The premium table shown next highlights a range of insurance rates for Suzuki Equator models. Learning a little about how car insurance prices are formulated can be of help when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $134 | $240 | $390 | $24 | $116 | $904 | $75 |
| Equator Ext Cab 2WD | $134 | $240 | $390 | $24 | $116 | $904 | $75 |
| Equator Ext Cab 2WD | $154 | $290 | $390 | $24 | $116 | $974 | $81 |
| Equator Ext Cab 2WD | $154 | $290 | $390 | $24 | $116 | $974 | $81 |
| Equator Ext Cab 4WD | $154 | $290 | $390 | $24 | $116 | $974 | $81 |
| Equator Crew Cab 4WD | $172 | $342 | $390 | $24 | $116 | $1,044 | $87 |
| Equator Crew Cab 4WD | $172 | $342 | $390 | $24 | $116 | $1,044 | $87 |
| Equator Crew Cab 4WD | $172 | $342 | $390 | $24 | $116 | $1,044 | $87 |
| Get Your Own Custom Quote Go | |||||||
Data assumes 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. Price estimates do not factor in specific location information which can affect insurance rates noticeably.
Physical damage deductibles
One of the more difficult decisions when buying car insurance is which deductible level should you buy. The tables below determine the rate differences of buying low and high physical damage deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $216 | $368 | $288 | $18 | $86 | $1,001 | $83 |
| Equator Ext Cab 2WD | $216 | $368 | $288 | $18 | $86 | $1,001 | $83 |
| Equator Ext Cab 2WD | $248 | $448 | $288 | $18 | $86 | $1,113 | $93 |
| Equator Ext Cab 2WD | $248 | $448 | $288 | $18 | $86 | $1,113 | $93 |
| Equator Ext Cab 4WD | $248 | $448 | $288 | $18 | $86 | $1,113 | $93 |
| Equator Crew Cab 4WD | $280 | $528 | $288 | $18 | $86 | $1,225 | $102 |
| Equator Crew Cab 4WD | $280 | $528 | $288 | $18 | $86 | $1,225 | $102 |
| Equator Crew Cab 4WD | $280 | $528 | $288 | $18 | $86 | $1,225 | $102 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $158 | $250 | $288 | $18 | $86 | $800 | $67 |
| Equator Ext Cab 2WD | $158 | $250 | $288 | $18 | $86 | $800 | $67 |
| Equator Ext Cab 2WD | $182 | $304 | $288 | $18 | $86 | $878 | $73 |
| Equator Ext Cab 2WD | $182 | $304 | $288 | $18 | $86 | $878 | $73 |
| Equator Ext Cab 4WD | $182 | $304 | $288 | $18 | $86 | $878 | $73 |
| Equator Crew Cab 4WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Equator Crew Cab 4WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Equator Crew Cab 4WD | $204 | $358 | $288 | $18 | $86 | $954 | $80 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in specific garaging location which can change prices substantially.
Using the data above, we can ascertain that using a $100 deductible will cost you roughly $20 more each month or $240 every year averaged for all Equator models than quoting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 20 months between claim filings, you would most likely save money if you choose the higher deductible.
Do you need full coverage?
The illustration below illustrates the comparison of Suzuki Equator auto insurance rates when comparing full coverage to state minimum liability only. The data is based on no claims or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
Should you pay for full coverage or liability only?
There is no specific rule to stop paying for physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Suzuki Equator replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after paying your deductible. If it’s costing in excess of $800 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some conditions where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not drop full coverage.
Four factors that affect insurance rates
The best way to find cheaper auto insurance is to take a look at the factors that go into determining the rates you pay for auto insurance. If you have a feel for what determines base rates, this allows you to make educated decisions that could result in lower premium levels.
The factors shown below are most of the major factors used by companies to determine your rate level.
Your address can push rates up or down – Living in smaller towns and rural areas of the country may provide you with better prices when buying auto insurance. Lower population means fewer accidents and lower theft and vandalism rates. City drivers regularly have more auto accidents and a longer drive to work. Longer commute distances means more chance of being in an accident.
Occupation stress can make you pay more – Careers like lawyers, architects, and medical professionals tend to have higher rates than the rest of us attributed to job stress and extremely grueling work hours. On the other hand, occupations such as professors, athletes and retirees receive lower rates.
Gender matters – Over the last 30 years, statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Both sexes cause fender benders at a similar rate, but guys get into accidents with more damage. Men also tend to have more aggressive citations like reckless driving and DUI. Young men ages 16 to 20 are most likely to cause an accident and therefore are the most expensive to insure.
The chart below illustrates the difference between Suzuki Equator insurance prices for male and female drivers. The data assumes no claims or violations, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no other discounts are factored in.
Fewer miles means better costs – Driving more miles every year the higher your rate. Almost all companies price each vehicle’s coverage based on their usage. Autos that sit idle most of the time receive better premium rates as compared to vehicles used primarily for driving to work. It’s a smart idea to ensure your auto insurance policy properly reflects the proper vehicle usage, because it can save money. Improper usage on your Equator is just wasting money.
Discounts mean cheaper rates for Suzuki Equator insurance in Memphis
Some providers don’t always publicize every discount available in a way that’s easy to find, so we researched a few of the more well known and also the more inconspicuous credits available to bring down your rates. If they aren’t giving you every credit available, you could be paying more than you need to.
- Good Student Discount – Excelling in school can earn a discount of 20% or more. Most companies allow this discount until age 25.
- Low Mileage Discounts – Low annual miles could earn substantially lower premium rates.
- ABS and Traction Control Discounts – Cars, trucks, and SUVs that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
- Paperless Signup – A few larger online companies will provide an incentive for completing your application on their website.
- Multiple Cars – Drivers who insure multiple vehicles on one policy qualifies for this discount.
- Telematics Data – Policyholders that allow driving data collection to study when and where they use their vehicle by using a telematics device in their vehicle such as Progressive’s Snapshot could see a rate decrease if they have good driving habits.
- Active Military Service – Having an actively deployed family member may qualify for rate reductions.
- No Accidents – Insureds who avoid accidents and claims can earn big discounts when compared to drivers who are more careless.
A quick disclaimer, some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, you aren’t that lucky. But all discounts will definitely lower your policy premium.
The chart below compares Suzuki Equator car insurance rates with and without discounts being applied to the rates. The rates are based on a female driver, no accidents or driving violations, Tennessee state minimum liability limits, comprehensive and collision 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-policy, homeowner, marriage, claim-free, and multi-car discounts applied.
Some companies that have these discounts include:
- State Farm
- Liberty Mutual
- American Family
- Progressive
- Farmers Insurance
- Auto-Owners Insurance
- SAFECO
When quoting, ask each insurance company how you can save money. Some of the discounts discussed earlier might not be offered in your state.
Insurance agent or online?
Some people would rather buy from a licensed agent and that can be a great decision An additional benefit of getting free rate quotes online is that you can obtain lower auto insurance rates but still work with a licensed agent.
To help locate an agent, after submitting this short form, your coverage information is submitted to local insurance agents in Memphis that can provide free Memphis auto insurance quotes for your insurance coverage. It’s much easier because you don’t need to search for any insurance agencies since rate quotes are delivered directly to you. You’ll get the best rates AND a local agent. If you wish to quote rates from a specific insurance company, you can always visit that company’s website and submit a quote form there.
Choosing the best company should depend on more than just a cheap price. The questions below may impact your decision as well.
- Do you work with a CSR or direct with the agent?
- How often do they review policy coverages?
- Is vehicle mileage a factor when determining depreciation for repairs?
- How is replacement cost determined on your vehicle?
- Do they have designations such as AIC, CPCU, or CIC?
- Is the agency active in community causes in Memphis?
- How long have they been in business?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
Types of auto insurance agents
If you want to buy car insurance from a reputable insurance agent or broker, you should know the types of agencies and how they differ in how they can insure your vehicles. Agents in Memphis are categorized either independent or exclusive.
Exclusive Insurance Agencies
Agents in the exclusive channel can only provide one company’s prices such as State Farm, AAA, and Liberty Mutual. These agents are not able to provide other company’s prices so always compare other rates. Exclusive agents are trained well on what they offer and that allows them to sell at a higher price point. Consumers sometimes use the same exclusive agent partially due to loyalty to the company and strong financial ratings.
The following are exclusive agents in Memphis who can help you get price quotes.
- Kevin White – State Farm Insurance Agent
2861 Poplar Ave – Memphis, TN 38111 – (901) 652-8484 – View Map - Allstate Insurance: Kevin Howard
1440 E Shelby Dr Ste 2 – Memphis, TN 38116 – (901) 767-0030 – View Map - Kacky Kortenber – State Farm Insurance Agent
7900 Winchester Rd Ste 101 – Memphis, TN 38125 – (901) 757-0303 – View Map
Independent Agents
Independent agents do not have single company limitations so as a result can place your coverage with multiple insurance companies and possibly get better coverage at lower prices. If prices rise, they simply move the coverage in-house and that require little work on your part. When comparison shopping, you should always compare quotes from at a minimum one independent agency to have the most options to choose from. They often place coverage with small regional insurance companies which may provide better rates.
Listed below are Memphis independent agents willing to provide rate quotes.
- Bill Blake Auto Insurance
5724 Mt Moriah Rd – Memphis, TN 38115 – (901) 432-5551 – View Map - Kellett Insurance Agency
4608 Quince Rd – Memphis, TN 38117 – (901) 685-3008 – View Map - C R Everhart Insurance Agency
5986 Knight Arnold Rd – Memphis, TN 38115 – (901) 362-0545 – View Map
After getting reasonable responses to your questions and an acceptable price quote, it’s possible that you found a car insurance agent that meets the criteria to service your policy. Just be aware that once you purchase a policy you can cancel your coverage whenever you want so don’t think that you are obligated to any specific agency for any length of time.
Tennessee car insurance companies ranked
Ending up with the best auto insurance company can be a challenge considering how many companies sell insurance in Memphis. The company ratings shown below could help you pick which providers to look at comparing rate quotes with.
| 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
Cheaper insurance rates are possible
Drivers switch companies for a number of reasons such as not issuing a premium refund, questionable increases in premium, high rates after DUI convictions or poor customer service. It doesn’t matter why you want to switch finding a new company is not as difficult as it may seem.
We just presented a lot of information how to save on Suzuki Equator insurance in Memphis. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the best price on insurance is with a smaller regional carrier.
While you’re price shopping online, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many situations where an insured dropped collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase plenty of coverage for the lowest price, but do not skimp to save money.
How to find better rates for Suzuki Equator insurance in Memphis
If you want to save money, the best way to get affordable Suzuki Equator insurance in Memphis is to start comparing rates regularly from companies who sell insurance in Tennessee.
- Read and learn about how companies price auto insurance and the things you can change to prevent expensive coverage. Many risk factors that cause rate increases like at-fault accidents and a poor credit score can be remedied by making minor driving habit or lifestyle changes.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or State Farm, while independent agencies can provide rate quotes for many different companies.
- Compare the price quotes to your existing rates and determine if there is any savings. If you find better rates and buy the policy, make sure coverage does not lapse between policies.
- Provide notification to your current company of your intent to cancel your current policy. Submit a completed application and payment to your new company or agent. As soon as you can, place your new certificate verifying coverage somewhere easily accessible.
An important note is that you’ll want to compare the same deductibles and limits on each price quote and and to compare all possible companies. This enables an accurate price comparison and the best price quote selection.
For more information, feel free to browse the following helpful articles:
- Safe Vehicles for Teens (iihs.org)
- Who Has Cheap Memphis Auto Insurance for Homeowners? (FAQ)
- Who Has Affordable Car Insurance for Lyft Drivers in Memphis? (FAQ)
- Who Has the Cheapest Auto Insurance for 19 Year Olds in Memphis? (FAQ)
- Your Car has been Stolen: Now What? (Allstate)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Rollover Crash FAQ (iihs.org)