Memphis, TN Auto Insurance (2024)
The average Memphis, TN auto insurance rates are $399 per month. The minimum auto insurance in Memphis is at least 25/50/15 in coverage to comply with Tennessee auto insurance laws. To find the best cheap auto insurance in Memphis, Tennessee, compare quotes from multiple companies.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Jun 22, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page 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: Jun 22, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Average auto insurance rates in Memphis, TN for senior drivers are $2,509 per year
- The average commute length in Memphis is 21.7 minutes
- The cheapest auto insurance company in Memphis is USAA
Memphis, Tennessee auto insurance requirements are 25/50/15 according to Tennessee auto insurance laws. Finding cheap auto insurance in Memphis can seem like a difficult task, but all of the information you need is right here. We’ll cover factors that affect auto insurance rates in Memphis, Tennessee, including driving record, credit, commute time, and more.
Compare auto insurance in Memphis to other Tennessee cities, including Jackson auto insurance rates, Clarksville auto insurance rates, and Bartlett auto insurance rates to see how Memphis, Tennessee auto insurance rates stack up.
Before you buy Memphis, Tennessee auto insurance, make sure you have compared rates from multiple companies. Enter your ZIP code above to get free Memphis, Tennessee auto insurance quotes.
Minimum Auto Insurance in Memphis, Tennessee
Memphis, Tennessee auto insurance laws require that you have at least the Tennessee minimum auto insurance to be financially responsible in the event of an accident. Take a look at the required auto insurance in Memphis, Tennessee.
| 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 |
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Cheap Memphis, Tennessee Auto Insurance by Age, Gender, and Marital Status
Auto insurance rates in Memphis, Tennessee are affected by age, gender, and marital status. See how demographics impact the annual cost of insurance.
| 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 |
Cheap Memphis, Tennessee Auto Insurance for Teen Drivers
Finding cheap teen auto insurance in Memphis, Tennessee is a challenge. Take a look at the annual teen auto insurance rates in Memphis, Tennessee.
| 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 |
Cheap Memphis, Tennessee Auto Insurance for Seniors
What are senior auto insurance rates in Memphis, Tennessee? Take a look at the annual average rates for older 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 |
Cheap Memphis, Tennessee Auto Insurance By Driving Record
Driving record has a big impact on your auto insurance rates. See the annual auto insurance rates for a bad record in Memphis, Tennessee compared to the annual auto insurance rates with a clean record in Memphis, Tennessee.
| 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 |
Cheap Memphis, Tennessee Auto Insurance Rates After a DUI
Finding cheap auto insurance after a DUI in Memphis, Tennessee is not easy. Compare the annual rates for DUI auto insurance in Memphis, Tennessee to find the best deal.
| Insurance Company | Annual Auto 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 |
Cheap Memphis, Tennessee Auto Insurance By Credit History
Credit history can have a major effect on the cost of auto insurance. See how Memphis, Tennessee annual auto insurance rates by credit history compare.
| 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 |
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Cheap Memphis, Tennessee Auto Insurance Rates By ZIP Code
Auto insurance rates by ZIP code in Memphis, Tennessee can vary. Compare the annual cost of auto insurance by ZIP code in Memphis, Tennessee to see how car insurance rates are affected by location.
| 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 |
Cheap Memphis, Tennessee Auto Insurance Rates By Commute
Commute length and annual mileage affect Memphis, Tennessee auto insurance. Find the cheapest annual Memphis, Tennessee auto insurance by commute length.
| Insurance Company | 10 Mile Commute, 6000 Annual Mileage | 25 Mile Commute, 12000 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 |
Cheap Memphis, Tennessee Auto Insurance Rates By Coverage Level
How much does the coverage level you select affect the cost of your auto insurance in Memphis, Tennessee? Check out the comparison of annual Memphis, Tennessee auto 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 |
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Best By Category: Cheapest Auto Insurance in Memphis, Tennessee
Compare the cheapest auto insurance companies in Memphis, Tennessee in each category to find the company with the best rates for your personal needs.
| Category | Insurance Company |
|---|---|
| Teenagers | USAA |
| Seniors | USAA |
| Clean Record | USAA |
| With 1 Accident | USAA |
| With 1 DUI | State Farm |
| With 1 Speeding Violation | USAA |
The Cheapest Memphis, Tennessee Auto Insurance Companies
What auto insurance companies in Memphis, Tennessee are the cheapest? Compare the top Memphis, Tennessee auto insurance companies to find the best annual rates.
| 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 |
What affects auto insurance rates in Memphis, Tennessee?
There are a lot of reasons why auto insurance rates in Memphis, Tennessee are higher or lower than in other cities. These include traffic and the number of vehicle thefts in Memphis, Tennessee. Many local factors may affect your Memphis auto insurance rates.
Memphis Commute Time
Cities in which drivers have a longer average commute time tend to have higher auto insurance costs. The average Memphis, Tennessee commute length is 21.7 minutes according to City-Data.
Memphis Traffic
How does Memphis, Tennessee rank for traffic? According to Inrix Memphis, Tennessee is the 626th most congested worldwide.
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Compare Memphis, Tennessee Auto Insurance Quotes
Before you buy Memphis, Tennessee auto insurance, make sure you have compared rates from multiple companies. Enter your ZIP code below to get free Memphis, Tennessee auto insurance quotes.
Frequently Asked Questions
What should I do if my auto insurance rates increase in Memphis, Tennessee?
If your auto insurance rates increase in Memphis, contact your insurance company to understand the reasons and explore discounts or shop around for more affordable options.
Can I cancel my auto insurance policy in Memphis, Tennessee at any time?
Generally, you can cancel your auto insurance policy in Memphis at any time, but check for any fees or penalties in your policy and secure new coverage beforehand.
What should I do if I need to file an auto insurance claim in Memphis, Tennessee?
Notify your insurance company promptly and provide all necessary information about the accident or incident when filing an auto insurance claim in Memphis.
Can I use my auto insurance coverage if I am involved in an accident outside of Memphis, Tennessee?
Yes, in most cases, your auto insurance coverage will apply if you have an accident outside of Memphis, Tennessee within the United States or sometimes in Canada.
Do I need additional coverage options beyond the minimum requirements in Memphis, Tennessee?
It’s advisable to consider additional coverage options like collision, comprehensive, uninsured/underinsured motorist, and medical payments coverage in Memphis.
Are there any discounts available for auto insurance in Memphis, Tennessee?
Yes, discounts like multi-policy, safe driver, good student, driver’s education, and safety feature discounts are available for auto insurance in Memphis.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto 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.