Compare Memphis, TN Car Insurance Rates [2024]
Car insurance in Memphis, TN averages $399 a month. Memphis, Tennessee car insurance requirements are 25/50/15, but you might need full coverage insurance if your car is financed. To find cheap Memphis car insurance rates, compare quotes from the top car insurance companies in Memphis, TN.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The cheapest car insurance company in Memphis is USAA
- The cheapest ZIP code in Memphis is 38135
- Average car insurance rates in Memphis, TN are $4,789/year
If you need to buy Memphis, Tennessee car insurance, the options can be confusing. Everything you need to know about car insurance in Memphis, TN is right here.
You’ll find Memphis car insurance rates, the cheapest Memphis, TN car insurance companies, and information on Tennessee car insurance laws. You can also compare Memphis, Tennessee car insurance rates to Hendersonville car insurance rates, Murfreesboro car insurance rates, and Memphis car insurance rates.
Ready to find affordable Memphis, TN car insurance today? Enter your ZIP code for fast, free Memphis car insurance quotes.
Cheapest Memphis, TN Car Insurance Rates By Age, Gender, and Marital Status
How do age, gender, and marital status affect Memphis, TN car insurance rates? Every Memphis, Tennessee car insurance company weighs these factors differently, so check out the comparison rates.
| Insurance Company | Married 35-Year-Old Female | Married 35-Year-Old Male | Married 60-Year-Old Female | Married 60-Year-Old Male | Single 17-Year-Old Female | Single 17-Year-Old Male | Single 25-Year-Old Female | Single 25-Year-Old Male |
|---|---|---|---|---|---|---|---|---|
| Allstate | $3,607 | $3,453 | $3,261 | $3,385 | $13,922 | $15,133 | $3,823 | $3,937 |
| Farmers | $2,842 | $2,896 | $2,554 | $2,818 | $12,048 | $12,908 | $3,863 | $4,023 |
| Geico | $2,642 | $2,660 | $2,430 | $2,430 | $8,189 | $8,310 | $2,692 | $2,778 |
| Liberty Mutual | $4,525 | $129 | $3,724 | $4,169 | $19,019 | $21,141 | $4,843 | $5,147 |
| Nationwide | $2,714 | $2,734 | $2,423 | $2,460 | $7,709 | $9,959 | $3,140 | $3,412 |
| Progressive | $2,368 | $2,212 | $1,933 | $2,041 | $10,696 | $12,005 | $2,824 | $3,027 |
| State Farm | $2,116 | $2,116 | $1,920 | $1,920 | $6,625 | $8,293 | $2,397 | $2,780 |
| Travelers | $2,329 | $2,457 | $2,127 | $2,270 | $6,851 | $8,589 | $2,484 | $2,619 |
| USAA | $1,824 | $1,862 | $1,646 | $1,652 | $6,531 | $7,482 | $2,402 | $2,555 |
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Minimum Car Insurance in Memphis, TN
Every driver must carry the minimum car insurance in Memphis, TN. Take a look at the Tennessee car insurance requirements.
| Liability Insurance Required | Minimum Coverage Limits Required |
|---|---|
| Bodily Injury Liability Coverage | $25,000 per person $50,000 per accident |
| Property Damage Liability Coverage | $15,000 minimum |
Cheapest Memphis, TN Car Insurance Rates by Credit Score
Your credit affects car insurance costs in Memphis, TN. Compare credit history car insurance rates in Memphis from top companies for good, fair, and poor credit.
| Insurance Company | Poor | Fair | Good |
|---|---|---|---|
| Allstate | $8,098 | $6,165 | $4,683 |
| Farmers | $6,528 | $5,115 | $4,839 |
| Geico | $4,556 | $3,903 | $3,590 |
| Liberty Mutual | $11,239 | $6,892 | $5,380 |
| Nationwide | $5,183 | $4,122 | $3,652 |
| Progressive | $5,199 | $4,502 | $4,213 |
| State Farm | $5,119 | $3,065 | $2,378 |
| Travelers | $4,724 | $3,724 | $2,700 |
| USAA | $4,697 | $2,758 | $2,277 |
Cheapest Memphis, TN Car Insurance Rates by Driving Record
Your driving record is one of the biggest factors affecting car insurance costs. Compare bad driving record car insurance rates in Memphis, TN to rates for a clean record with top companies.
| Group | Clean Record | With 1 Accident | With 1 DUI | With 1 Speeding Violation |
|---|---|---|---|---|
| Allstate | $5,270 | $6,305 | $7,641 | $6,045 |
| Farmers | $4,701 | $5,788 | $5,967 | $5,520 |
| Geico | $2,945 | $3,915 | $6,262 | $2,945 |
| Liberty Mutual | $6,341 | $9,180 | $8,523 | $7,304 |
| Nationwide | $3,724 | $3,724 | $5,640 | $4,187 |
| Progressive | $4,082 | $5,313 | $4,352 | $4,806 |
| State Farm | $3,200 | $3,841 | $3,521 | $3,521 |
| Travelers | $2,989 | $3,871 | $4,305 | $3,697 |
| USAA | $2,354 | $3,542 | $4,156 | $2,925 |
Cheapest Memphis, TN Car Insurance for Teen Drivers
Teen car insurance in Memphis, TN can be expensive. Take a look at rates from the top car insurance companies in Memphis for teenagers.
| Insurance Company | Single 17-Year-Old Female | Single 17-Year-Old Male |
|---|---|---|
| Allstate | $13,922 | $15,133 |
| Farmers | $12,048 | $12,908 |
| Geico | $8,189 | $8,310 |
| Liberty Mutual | $19,019 | $21,141 |
| Nationwide | $7,709 | $9,959 |
| Progressive | $10,696 | $12,005 |
| State Farm | $6,625 | $8,293 |
| Travelers | $6,851 | $8,589 |
| USAA | $6,531 | $7,482 |
Cheapest Memphis, TN Car Insurance for Seniors
Take a look at Memphis, TN senior car insurance rates from top companies. Shopping around can make a big difference for senior drivers.
| Insurance Company | Married 60-Year-Old Female | Married 60-Year-Old Male |
|---|---|---|
| Allstate | $3,261 | $3,385 |
| Farmers | $2,554 | $2,818 |
| Geico | $2,430 | $2,430 |
| Liberty Mutual | $3,724 | $4,169 |
| Nationwide | $2,423 | $2,460 |
| Progressive | $1,933 | $2,041 |
| State Farm | $1,920 | $1,920 |
| Travelers | $2,127 | $2,270 |
| USAA | $1,646 | $1,652 |
Cheapest Memphis, TN Car Insurance Rates After a DUI
A DUI in Memphis, TN increases car insurance rates. Compare Memphis, Tennessee DUI car insurance by company to find the cheapest option.
| Insurance Company | Annual Car Insurance Rates With a DUI |
|---|---|
| Allstate | $7,641 |
| Farmers | $5,967 |
| Geico | $6,262 |
| Liberty Mutual | $8,523 |
| Nationwide | $5,640 |
| Progressive | $4,352 |
| State Farm | $3,521 |
| Travelers | $4,305 |
| USAA | $4,156 |
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Cheapest Memphis, TN Car Insurance Rates by Commute Length
How does how far you drive affect car insurance rates in Memphis, TN by commute? Take a look at a comparison of the top companies by commute length.
| Insurance Company | 10 Mile Commute, 6,000 Annual Mileage | 25 Mile Commute, 12,000 Annual Mileage |
|---|---|---|
| Allstate | $6,315 | $6,315 |
| Farmers | $5,494 | $5,494 |
| Geico | $3,988 | $4,045 |
| Liberty Mutual | $7,837 | $7,837 |
| Nationwide | $4,319 | $4,319 |
| Progressive | $4,638 | $4,638 |
| State Farm | $3,434 | $3,607 |
| Travelers | $3,567 | $3,864 |
| USAA | $3,151 | $3,338 |
Cheapest Memphis, TN Car Insurance Rates by ZIP Code
Memphis car insurance rates vary based on where you live. Check out the difference in car insurance rates by ZIP code in Memphis, TN.
| ZIP Code | Average Annual Rates |
|---|---|
| 38103 | $4,838 |
| 38104 | $4,929 |
| 38105 | $4,981 |
| 38106 | $4,938 |
| 38107 | $5,006 |
| 38108 | $4,985 |
| 38109 | $4,975 |
| 38111 | $5,030 |
| 38112 | $5,091 |
| 38114 | $4,981 |
| 38115 | $5,021 |
| 38116 | $5,040 |
| 38117 | $4,449 |
| 38118 | $5,099 |
| 38119 | $4,392 |
| 38120 | $4,491 |
| 38122 | $5,020 |
| 38125 | $4,602 |
| 38126 | $5,050 |
| 38127 | $5,028 |
| 38128 | $5,071 |
| 38131 | $5,040 |
| 38132 | $5,069 |
| 38133 | $4,419 |
| 38134 | $4,570 |
| 38135 | $4,310 |
| 38137 | $4,314 |
| 38141 | $4,883 |
| 38152 | $4,921 |
| 38157 | $4,761 |
| 38163 | $4,853 |
The Best Cheap Car Insurance Companies in Memphis, TN
Take a look at a side-by-side comparison of the top car insurance companies in Memphis, TN to find the best option for your needs.
| Insurance Company | Average Annual Rates |
|---|---|
| Allstate | $6,315 |
| Farmers | $5,494 |
| Geico | $4,017 |
| Liberty Mutual | $7,837 |
| Nationwide | $4,319 |
| Progressive | $4,638 |
| State Farm | $3,521 |
| Travelers | $3,716 |
| USAA | $3,244 |
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Category Winners: Cheapest Car Insurance in Memphis, Tennessee
Find the cheapest car insurance companies in Memphis, TN for each category right here.
| Category | Insurance Company |
|---|---|
| Teenagers | USAA |
| Seniors | USAA |
| Clean Record | USAA |
| With 1 Accident | USAA |
| With 1 DUI | State Farm |
| With 1 Speeding Violation | USAA |
Cheapest Memphis, TN Car Insurance Rates by Coverage Level
How much coverage you choose will have an impact on your Memphis car insurance rates. Find the cheapest Memphis, TN car insurance rates by coverage level.
| Insurance Company | Low | Medium | High |
|---|---|---|---|
| Allstate | $5,996 | $6,292 | $6,658 |
| Farmers | $5,128 | $5,462 | $5,891 |
| Geico | $3,784 | $4,004 | $4,262 |
| Liberty Mutual | $7,465 | $7,834 | $8,213 |
| Nationwide | $4,333 | $4,229 | $4,395 |
| Progressive | $4,236 | $4,629 | $5,050 |
| State Farm | $3,301 | $3,540 | $3,720 |
| Travelers | $3,472 | $3,714 | $3,961 |
| USAA | $3,124 | $3,230 | $3,379 |
What affects car insurance rates in Memphis, Tennessee?
What factors can have an impact on Memphis, TN car insurance? There are several reasons why Memphis car insurance may be different from surrounding cities. Take a look at what affects car insurance rates in Memphis, Tennessee.
Commute Time in Memphis
The more time you spend in your car the higher the risk of an accident. The average commute length in Memphis, TN is 21.7 minutes according to City-Data.
Traffic in Memphis
Traffic and commute times go hand in hand, with more traffic meaning more time on the road. Memphis, TN traffic data from INRIX ranks Memphis as the 626th-most congested in the world.
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Compare Car Insurance Quotes in Memphis, TN
Ready to find affordable Memphis, Tennessee car insurance today? Enter your ZIP code for fast, free Memphis, TN car insurance quotes.
Frequently Asked Questions
Why is it important to compare car insurance rates in Memphis, TN?
Comparing car insurance rates in Memphis, TN is crucial for several reasons. First, it helps you find the most affordable coverage that suits your budget. Additionally, comparing rates allows you to identify potential savings and discounts offered by different insurance companies. By exploring multiple options, you can ensure you are getting the best value for your money while maintaining adequate coverage.
How can I compare car insurance rates in Memphis, TN?
There are several ways to compare car insurance rates in Memphis, TN. You can start by researching different insurance providers and requesting quotes from them directly. Additionally, many online platforms offer comparison tools that allow you to receive multiple quotes from various insurers simultaneously. These tools streamline the process and help you make an informed decision based on price, coverage options, and customer reviews.
What factors can affect car insurance rates in Memphis, TN?
Several factors can impact car insurance rates in Memphis, TN. Some of the most common factors include your driving record, age, gender, type of vehicle, credit history, and the coverage limits you choose. Additionally, factors such as the area where you live, the number of miles you drive annually, and your claims history can also influence your insurance premiums. It’s important to be aware of these factors when comparing rates as they can vary between insurance companies.
Are there any specific discounts available for car insurance in Memphis, TN?
Yes, many insurance companies offer various discounts that can help you save on car insurance in Memphis, TN. Common discounts include safe driver discounts for maintaining a clean driving record, multi-policy discounts for bundling multiple insurance policies, and good student discounts for students who maintain good grades. Additionally, some insurers offer discounts for safety features installed in your vehicle, such as anti-theft devices or anti-lock brakes. It’s worth inquiring about these discounts when comparing rates.
Are there any unique factors to consider when comparing car insurance rates in Memphis, TN?
While many factors affecting car insurance rates in Memphis, TN are similar to those in other locations, there are a few unique factors to consider. Memphis has a relatively high crime rate and experiences severe weather conditions at times, which can influence insurance rates. Additionally, the traffic congestion and frequency of accidents in certain areas of Memphis may also affect premiums. When comparing rates, it’s essential to consider these local factors in addition to the standard factors that impact car insurance rates.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.