Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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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: Jan 20, 2021

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Here's what you need to know...

  • Liability coverage is required for all drivers in Memphis, Tennessee
  • Car insurance rates are higher in Memphis than in other U.S. cities
  • Research coverage from several companies before purchasing a policy

In Memphis, Tennessee, drivers are required to purchase liability insurance. Liability coverage pays the medical bills of people hurt in a car collision that they are responsible for causing.

For this purpose, the state of Tennessee requires that all drivers have $25,000 for one person who files a claim for bodily injuries with the car insurance company. The $25,000 is designated toward any medical bills that the driver of the vehicle and passengers receive after the collision.

Find and compare car insurance for Memphis by entering your ZIP code in our free search tool!

Memphis Car Insurance Rates

Auto insurance companies charge their clients yearly auto insurance rates based on how likely they will be to be involved in a car collision.

When accidents happen, people file claims with the auto insurance company, and the company has to pay for the medical and property damage repair bills up until the limits of each policyholder’s coverage.

In Memphis, it’s highly likely that drivers will be in a car collision which is why the rates for Memphis drivers are so much higher than the national average rate.

Drivers in Memphis can expect to pay, on average, $1,560 annually for their car insurance.

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Monthly Memphis, TN Car Insurance Rates by ZIP Code

Find more info about the monthly Memphis, TN car insurance rates by ZIP Code below:

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Memphis, TN Car Insurance Rates by Company vs. City Average

The cheapest Memphis, TN auto insurance company can be discovered below. You then might be asking, “How do those rates compare against the average Tennessee auto insurance company rates?” We cover that as well.

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The Cheapest Memphis, TN Car Insurance Rates by Credit Score

Your credit score will play a major role in your Memphis, TN auto insurance rates unless you live in these states where discrimination based on credit is not allowed: California, Hawaii, Massachusetts, and North Carolina. Find the cheapest Memphis, TN auto insurance rates by credit score below.

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Memphis, TN Car Insurance Rates vs. Top US Metro Car Insurance Rates

Which city you live in will have a major effect on car insurance. That’s why it’s essential to compare Memphis, TN against other top US metro areas’ auto insurance rates.

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The Cheapest Memphis, TN Car Insurance Rates by Coverage Level

Your coverage level will play a significant role in your Memphis, TN auto insurance rates. Find the cheapest Memphis, TN auto insurance rates by coverage level below:

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Average Monthly Car Insurance Rates by Age & Gender in Memphis, TN

These states no longer use gender to calculate your auto insurance rates — Hawaii, Massachusetts, Michigan, Montana, and North Carolina, Pennsylvania. But age is still a big factor because young drivers are considered high-risk drivers in Memphis. Tennessee does use gender, so check out the average monthly auto insurance rates by age and gender in Memphis, TN.

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Memphis, TN Car Insurance Rates by Company and Age

Memphis, Tennessee auto insurance rates by company and age is an essential comparison because the top auto insurance company for one age group may not be the best company for another age group.

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The Cheapest Memphis, TN Car Insurance Rates by Driving Record

Your driving record will affect your Memphis auto insurance rates. For example, a Memphis, Tennessee DUI may increase your auto insurance rates 40 to 50 percent. Find the cheapest Memphis, Tennessee auto insurance rates by driving record.

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Factors Affecting Car Insurance Rates in Memphis, TN

Factors affecting auto insurance rates in Memphis, TN may include your commute, coverage level, tickets, DUIs, and credit. Controlling these risk factors will ensure you have the cheapest Memphis, Tennessee auto insurance.

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Memphis Car Insurance Laws


Tennessee is a tort state which means the driver that causes the car crash must pay for everyone’s bills.

Memphis car insurance law states that people must purchase liability coverage. If drivers don’t do this, they will be penalized for failing to follow Memphis laws.

Anyone who causes a collision in Memphis and is not able to provide proof of having purchased liability coverage will:

  • Receive a maximum fine of $100
  • Have their drivers’ licenses suspended
  • Have a notice attached to their files that prohibits vehicle registration

Driving in Memphis

In 2010, Memphis experienced 24,929 automobile accidents. Eighty deaths resulted from these auto accidents, and 6,628 people suffered injuries.

Because of the large numbers of accidents and the increased number of injuries and property damage, car insurance rates will be very high in Memphis.

Vehicles are often stolen from Memphis residents, a factor that contributes to the high cost of car insurance for Memphis drivers.

An insurance company that considers the high theft rate will price their auto insurance policies higher because of the increased likelihood of needing to replace a policyholder’s stolen vehicle.

The population of Memphis has been growing; therefore, the number of vehicles on the roads has increased.

When the roads are more congested, more accidents occur. Every driver in Memphis should take the time to compare Tennessee rates for car insurance!

Memphis Car Insurance Companies

Keeping auto insurance rates at a minimum in Memphis is possible if drivers set the goal of being good drivers.

Everyone has a driving record on file with the Department of Motor Vehicles (DMV). When people apply for a new car insurance policy with a new Memphis car insurance company, the agents will check out their driving records.

New car insurance companies aren’t the only ones interested in a driver’s driving record.

Your current insurance company will occasionally look at your record to see if there have been any changes since the last time they read them. If you have received new speeding tickets, for example, your insurance rates may increase.

A car insurance company isn’t necessarily going to raise their clients’ rates after one ticket.

If the client has been a loyal customer and had a good driving record in the past, some car insurance companies will forgive the fact that a client received one ticket.

However, if a client has received a speeding ticket that shows they were driving 15 miles per hour above the speed limit, these companies will have no choice but to raise these clients’ rates.

The reason that auto insurance companies raise the rates of people driving way above the speed limit is because the driver has increased the level of risk for the insurance company.

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Compare Memphis Car Insurance Quotes


Memphis drivers have the option of shopping around for an auto insurance company that will offer them a better rate.

To make the process proceed as quickly as possible, Memphis drivers need to be as honest as possible to receive the most accurate quotes. Then they can compare those quotes to the rates their current insurance companies are charging them.

Check out our ZIP code search to start comparing car insurance for FREE!