Compare Memphis, TN Car Insurance Rates (2021)

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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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 23, 2021

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Here's What You Need to Know

  • 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.

Annual Car Insurance Rates by Age, Gender, and Marital Status in Memphis, Tennessee

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.

Minimum Required Car Insurance Coverage 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

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.

Annual Car Insurance Rates by Credit Score in Memphis, Tennessee

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.

Annual Memphis, Tennessee Car Insurance Rates by Driving Record

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.

Annual Car Insurance Rates for Teen Drivers 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

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.

Annual Car Insurance Rates for Senior Drivers in Memphis, Tennessee

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.

Annual Car Insurance Rates After a DUI in Memphis, Tennessee

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.

Annual Car Insurance Rates by Commute Length in Memphis, Tennessee

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.

Annual Car Insurance Rates by ZIP Code in Memphis, Tennessee

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.

Average Annual Car Insurance Rates by Company in Memphis, Tennessee

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.

Best Annual Car Insurance Rates by Company in Memphis, Tennessee

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.

Annual Car Insurance Rates by Coverage Level in Memphis, Tennessee

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.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

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