Home to Elvis, the birthplace of the blues, and source of some serious barbecue greatness, Memphis is a southern gem. But life in Memphis isn’t without challenges—including the high, high price of car insurance.

On average, Memphis drivers pay $100 per month, or about $1,200 per year, for state minimum liability coverage. For full coverage, Memphis residents can pay an average of $262 per month or $3,144 per year. That’s roughly 69% higher than both the

Tennessee

average and the national average for auto insurance.

In other words: In Memphis, it pays to

shop around for auto insurance

. Working with a broker like

Jerry

can simplify the shopping process. The table below shows real rates that Memphis drivers found with Jerry in the past month.

Insurance company	Premium (monthly)	Customer	Car	Insurance coverage
Progressive	$72	Jennie, 38 Zip: 38104	Toyota Corolla L	• State Minimum Liability • Comp / Collision
Nationwide	$364	Laura, 25 Zip: 38106	Infiniti Q70 3.7	• 100,000/300,000 Liability • Comp / Collision
Allstate	$153	Katherine, 26 Zip: 38111	Dodge Charger SXT	• 50,000/100,000 Liability • Comp / Collision
Travelers	$159	Cora, 66 Zip: 38116	Buick Envision Preferred	• 100,000/300,000 Liability • Comp / Collision
Bristol West	$123	Franklin, 26 Zip: 38135	Ford Focus ZX4	• State Minimum Liability

Last Updated Apr 20, 2024

Compare car insurance quotes now

Best car insurance companies in Memphis

To help drivers find the best insurance company for their needs, Jerry conducted a nationwide insurance shopping study focused on all areas of customer satisfaction, from ease of purchase to costs, claims handling, and service experience.

We ran the numbers—and found seven Memphis insurance companies whose average rates came in under the citywide average for full coverage, with an overall customer satisfaction rating of 4 stars or higher.

Insurance company	Average annual full coverage rate in Memphis	Jerry user rating
Anchor General	$2,780	4.7 stars
Travelers	$1,848	4.5 stars
Safeco	$2,202	4.5 stars
Nationwide	$1,911	4.3 stars
Progressive	$2,321	4.2 stars
Kemper	$2,746	4.2 stars
Allstate	$2,458	4.1 stars
Safe Auto	$1,820	4 stars

No single insurance company offers the best car insurance rates for every driver in Memphis.

Insurance companies have changed their rating algorithms and raised premiums across the board in the past few years, leading to a serious shakeup in the Memphis insurance market. GEICO and State Farm, once the leading insurers in Tennessee, are increasingly falling behind smaller carriers in terms of pricing as well as customer service and claims handling.1 2

How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.

Best cheap car insurance quotes in Memphis

Finding cheap auto insurance quotes in Memphis means choosing between two basic coverage options:

state minimum liability coverage and full coverage

At Jerry, our insurance agents typically recommend carrying full coverage along with liability limits above the state’s minimum insurance requirements.

Cheap minimum liability insurance quotes in Memphis

Tennessee law

requires all drivers to carry at least the following minimum liability coverage:3

$25,000 of

bodily injury liability

per person

$50,000 of bodily injury liability per accident

$25,000 of

property damage liability

per accident

Uninsured/underinsured motorist coverage

is offered by insurers in Tennessee but isn’t required by law. If drivers choose to reject coverage, they must do so in writing.

Purchasing liability coverage is the easiest way to reduce monthly insurance payments, but it can leave you susceptible to significant expenses if you’re involved in an at-fault accident that causes injury or property damage.

Here’s a look at rates Jerry users have found for minimum liability coverage in Memphis.

Progressive

Jennie (38 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38104)

Toyota Corolla L

$72

per month

Allstate

Nora (36 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38114)

Ford Focus SE

$132

per month

Safeco

Lela (34 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38119)

Mercedes-Benz GLC 300

$134

per month

Nationwide

Winifred (36 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38117)

Chevrolet Impala LT

$151

per month

National General

Leonard (24 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38141)

Nissan Sentra S

$192

per month

Do you need more than minimum coverage in Memphis?

Generally, yes: most Memphis drivers need a full coverage car insurance policy with higher liability limits than those set by Tennessee law.

The reasons: High accident rates and prevalent property crime make car ownership both dangerous and expensive in Memphis. Not carrying full coverage means you’ll be on your own if you need to repair or replace your car after an accident, theft, or act of God.

The bottom line: Opt for full coverage, raise your liability limits to at least 50k/100k/50k, and consider adding medical payments (MedPay) coverage to your policy.

Josh Damico

VP Insurance Operations, 18+ Years Experience in Insurance

A general rule that I recommend is to carry enough coverage to protect your current and future assets – at least $100,000/$300,000 of liability coverage is recommended, but you may need more coverage depending on your financial situation.

Cheap full coverage car insurance quotes in Memphis

Full coverage car insurance

generally refers to a policy that includes both

comprehensive

and

collision coverage

Collision coverage pays to repair or replace your vehicle after an accident with another vehicle or stationary object, while comprehensive coverage applies to damages caused by various other non-collision-related events, like theft, severe weather, or animal damage.

If you lease or finance a car, your lenders will likely require that you keep full coverage on your car for the duration of your loan.

Check out the rates other Memphis drivers have found for full coverage car insurance with Jerry’s help.

Insurance coverage	Insurance company	Premium (monthly)	Customer	Car
• State Minimum Liability • Comp / Collision	Progressive	$72	Jennie, 38 Zip: 38104	Toyota Corolla L
• 100,000/300,000 Liability • Comp / Collision	Travelers	$159	Cora, 66 Zip: 38116	Buick Envision Preferred
• 50,000/100,000 Liability • Comp / Collision	Allstate	$153	Katherine, 26 Zip: 38111	Dodge Charger SXT
• 100,000/300,000 Liability • Comp / Collision	Nationwide	$364	Laura, 25 Zip: 38106	Infiniti Q70 3.7
• State Minimum Liability • Comp / Collision	National General	$198	Gordon, 31 Zip: 38128	Buick Regal

Last Updated Apr 20, 2024

"Jerry is the new benchmark in app usefulness. Period. It is SO EASY and the results are SO GOOD, and they specifically point out that no one is going to start calling and emailing me all the time. I gave very little info, it pulled up all my existing insurance info, and showed me how to get the same insurance for less, lesser coverage for huge savings, or better coverage for about the same I currently pay. I am personally saving around $1,400/year with my new insurance, and the entire process (including follow ups to sign the docs from the insurance companies) took less than an hour. If you make over $1,400/hour, this may not be worth your time. Otherwise, get the app and use it now!"

Sean S.

| Verified Jerry Customer

Lower my car insurance too!

Average cost of car insurance in Memphis

Car insurance in Memphis costs $100 per month for minimum coverage and $262 per month for full coverage: roughly 69% more than the state average.

What makes auto insurance so expensive in Memphis? It comes down to two main factors: bad drivers and high crime rates.

Bad drivers

Most cities in the U.S. have seen an uptick in dangerous driving since the start of the COVID-19 pandemic in 2020—but in Memphis, bad driving is a more serious problem.

A 2023 Consumer Affairs study using data from the U.S. Department of Transportation named Memphis as the #1 city for bad drivers, with a fatal accident rate 5.6 times the national average.4 And car accidents are on an upswing: from 2019 to 2020 alone, the fatal crash rate in Shelby County shot up by 61%, according to data from the Tennessee Department of Safety & Homeland Security.5

Year	2018	2019	2020	2021	2022
Fatal crash rate	0.259	0.250	0.403	0.408	0.388
Injury crash rate	13.469	13.932	13.765	14.481	13.252
Overall crash rate	64.483	63.686	57.445	61.238	54.759

Living in Memphis, in other words, carries an unusually high risk of needing to file an auto insurance claim. Insurance companies take this risk into account when writing new policies.

Crime

Memphis consistently ranks as one of the

most dangerous cities in the U.S.

But it’s the city’s property crime rate that drivers need to worry about, as it’s one of the primary factors driving the high cost of full coverage car insurance in Memphis.

Between 2022 and 2023, the Memphis Shelby Crime Commission found that property crime in Shelby County shot up by 26%.6 That includes vandalism as well as motor vehicle thefts, which hit a shocking high of 11,267 in 2022, making the Memphis metropolitan area #4 on the National Insurance Crime Bureau’s list of auto theft Hot Spots.7

City	2022 Thefts	2022 Rate	2021 Thefts	2021 Rate	2020 Thefts	2020 Rate
Memphis, TN-MS-AR Metropolitan Statistical Area	11,267	845.68	6,845	512.31	6,209	460.38

As of November 2023, the city had already broken its previous record with over 14,000 reported auto thefts recorded by the Memphis Police Department.8

Crime rates are particularly good indicators of drivers’ likelihood of filing comprehensive claims. If your policy includes full coverage, you’ll pay more if you live in Memphis—especially if your ZIP code is associated with a higher number of thefts or other property crimes.

Compare car insurance costs in other states

Kentucky car insurance

Alabama car insurance

Mississippi car insurance

Arkansas car insurance

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South Carolina car insurance

Missouri car insurance

Indiana car insurance

Car insurance quotes in Memphis by rating factors

Insurance companies in Memphis use many rating factors when

deciding your auto insurance premium

Your driving record and claims history: Drivers with a track record of accidents or violations generally face higher premiums than those with a clean record.

Your demographics: Your age, gender, and marital status can all influence the cost of your insurance rates.

Your location: City dwellers often encounter higher premiums compared to rural residents due to factors like increased crime rates and higher population density.

Your mileage: High annual mileage can result in higher insurance costs.

The make/model of your car: Luxury, sport, and high-performance vehicles typically cost more to insure since replacement parts are more expensive.

Your credit score: Good credit scores are generally associated with lower insurance rates, even for identical coverage.

How do different factors impact your car insurance costs in Memphis?

Allowed (with applicable limitations): Gender, age, driving experience, credit history, education, occupation, employment status, marital status, zip code, insurance history

Prohibited (or effectively prohibited): Tennessee currently does not disallow any common insurance rating factors when calculating insurance premiums.

Learn more about the car insurance rating factors in Memphis:

Cheap car insurance quotes in Memphis after driving violations

Your

Tennessee driving record

will predictably have a significant influence on your car insurance rate. Racking up too many violations could send your insurance rate skyrocketing, so it pays to practice safe driving by following the rules of the road.

Some common violations that contribute to premium increases include:

Speeding

DUIs

At fault accident

Reckless driving

Driving on a suspended license

Driving without insurance

Cheapest car insurance in Memphis after speeding ticket

Tennessee speeding ticket

usually causes car insurance rates to rise, but the severity will have an impact as well. You’ll likely see a steeper rate increase for driving 25 mph over the speed limit than you would for driving five mph over the speed limit. And if your speeding lands you with a

Tennessee reckless driving charge

, you’ll likely see an even higher rate.

Pro tip: Shopping around for car insurance can still help you keep your car insurance costs affordable. Check out rates Tennessee drivers have found with Jerry, even after a speeding ticket.

Speeding Type	Insurance Company	Premium (monthly)	Customer	Car	Insurance Coverage
Speeding 11-15	Progressive	$212	Tillie, 25 Zip: 38116	Honda FIT Sport	• State Minimum Liability • Comp / Collision
Speeding 16-20	Safeco	$169	Ralph, 29 Zip: 38119	Tesla Model Y	• 100,000/300,000 Liability • Comp / Collision

Last Updated Apr 20, 2024

Cheapest car insurance in Memphis after DUI

Under

Tennessee’s DUI laws

, driving under the influence is a major offense and can send car insurance premiums through the roof. A DUI flags you as a high-risk driver, which doesn’t bode well for your insurance rates. Insurers see

high-risk drivers

as more costly, so many won’t insure them—and if they do, you’ll pay for it.

But by gathering quotes from multiple auto insurance companies, you increase the odds of finding an affordable car insurance policy.

The General

Edna (39 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38114)

Chevrolet Malibu LS

$202

per month

Cheapest car insurance in Memphis after an at-fault accident

At-fault accidents can result in steep rate hikes from your car insurance company. Too many at-fault accidents on your record suggest you're a risky driver, which, to insurers, means a more costly driver. That’s why you’ll see higher insurance rates than drivers with

clean driving records

If you recently had an accident and saw your car insurance rate increase, shopping around for new car insurance quotes might get you a better rate—like it did for these Memphis policyholders:

Accident type	Insurance company	Premium (monthly)	Customer	Car	Insurance coverage
At Fault With Injury	Progressive	$100	Todd, 36 Zip: 38104	Toyota Corolla CE	• State Minimum Liability
At Fault With No Injury	Allstate	$190	Patrick, 60 Zip: 38114	Audi RS3	• 50,000/100,000 Liability • Comp / Collision
Not At Fault	Safeco	$157	Brian, 35 Zip: 38114	Hyundai Tucson SE	• State Minimum Liability • Comp / Collision
At Fault With No Injury	Nationwide	$364	Dustin, 25 Zip: 38106	Infiniti Q70 3.7	• 100,000/300,000 Liability • Comp / Collision

Last Updated Apr 20, 2024

Cheapest car insurance in Memphis after other driving violations

As you’d probably expect, driving offenses can increase your car insurance rate—but the exact impact will likely depend on how many you have and their severity. Things like reckless driving, driving on a suspended license, and

driving without insurance

are all violations that can increase car insurance rates in Memphis.

Here’s a look at rates Memphis drivers have found after various types of violations with help from Jerry:

Violation	Insurance company	Premium (monthly)	Customer	Car	Insurance coverage
Illegal Turn	Progressive	$122	Julia, 38 Zip: 38111	BMW 328 i	• State Minimum Liability
Defective Equipment	Safeco	$165	Connor, 42 Zip: 38125	Chevrolet Malibu LT	• State Minimum Liability • Comp / Collision
Failure to Obey Signal	Bristol West	$174	Estella, 56 Zip: 38122	Chevrolet Trax 1LT	• State Minimum Liability
Careless Driving	State Auto	$178	Shane, 53 Zip: 38127	Hyundai Elantra GLS	• State Minimum Liability • Comp / Collision
Driving on Sus. License	Gainsco	$146	Clifford, 53 Zip: 38134	Acura TSX	• 50,000/100,000 Liability
Failure to Obey Signal	Progressive	$170	Margaret, 55 Zip: 38116	RAM 1500 Classic SLT	• State Minimum Liability • Comp / Collision
Improper Passing	Trexis	$612	Thomas, 26 Zip: 38109	Dodge Charger SXT	• State Minimum Liability • Comp / Collision

Last Updated Apr 20, 2024

Cheap car insurance quotes in Memphis by age

Age isn’t everything, but it has a significant impact on what you pay for auto insurance coverage.

Young drivers have the highest average car insurance premiums. Luckily, this is only temporary for safe drivers, as you can generally expect your car insurance rates to decrease gradually over time for most of your adult life.

By age 75, you can usually expect car insurance costs to rise again.

Cheapest car insurance in Memphis for young drivers

Teen drivers

pay the most for car insurance in Tennessee out of any age group.

Considering that teens are statistically more likely to be involved in accidents, this doesn’t come as too much of a surprise. To help compensate, some young drivers might qualify for

good student discounts

or defensive driving course discounts.

That increased risk also makes it worthwhile to consider adding full coverage to a young driver’s policy—especially if they’re driving a newer vehicle or higher value.

Progressive

Gilbert (21 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38141)

Chrysler 200 Limited

$672

per month

Allstate

Belle (22 years old)

Coverage

100,000 per person

300,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38115)

Chevrolet Camaro SS

$178

per month

Safeco

Carolyn (23 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38134)

Hyundai Genesis Coupe 2.0T

$81

per month

National General

Ivan (24 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38125)

Toyota Avalon XLE

$70

per month

State Auto

Samuel (22 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38116)

Hyundai Sonata SE

$610

per month

Cheapest car insurance in Memphis for senior drivers

As drivers reach their mid-70s, they can generally expect their car insurance rates to rise again. Drivers at this age are at an increased risk for accidents—and for severe injuries if an accident happens—which can make care insurance more expensive for seniors.

Fortunately, there are plenty of ways to save, including shopping around for new car insurance quotes. Check out the best rates senior drivers in Memphis have found with Jerry’s help.

Progressive

Winnie (65 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38118)

Nissan Juke S

$80

per month

Nationwide

Jesse (67 years old)

Coverage

50,000 per person

100,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38107)

Nissan Sentra 2.0

$219

per month

Travelers

Cora (66 years old)

Coverage

100,000 per person

300,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38116)

Buick Envision Preferred

$159

per month

State Auto

Bernice (75 years old)

Coverage

50,000 per person

100,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38115)

Mitsubishi Montero Sport LS

$61

per month

Bristol West

Cole (69 years old)

Coverage

State Minimum

Memphis, TN
(Zip Code: 38115)

Chevrolet Malibu LS

$104

per month

Cheap car insurance quotes in Memphis based on insurance history

Like your driving record and claims history, your insurance history is a significant rating factor in the eyes of insurance companies. Specifically, insurers will consider how long you have been insured and whether you’ve experienced any

lapses in coverage

Drivers who have had recent or past lapses in coverage may face higher auto insurance rates. The good news is, Jerry can help customers find savings on car insurance coverage regardless of their insured status:

Progressive

Tommy (38 years old)

Currently Insured

Coverage

State Minimum

Memphis, TN
(Zip Code: 38104)

Toyota Corolla L

$72

per month

Allstate

Ruby (26 years old)

Currently Insured

Coverage

50,000 per person

100,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38111)

Dodge Charger SXT

$153

per month

Safeco

Clyde (26 years old)

Currently Insured

Coverage

100,000 per person

300,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38103)

Volkswagen Jetta S

$118

per month

Nationwide

Dustin (25 years old)

Not Currently Insured

Coverage

100,000 per person

300,000 per accident bodily injury

Comp / Collision

Memphis, TN
(Zip Code: 38106)

Infiniti Q70 3.7

$364

per month

National General

Zachary (24 years old)

Currently Insured

Coverage

State Minimum

Memphis, TN
(Zip Code: 38141)

Nissan Sentra S

$192

per month

Finding cheap car insurance in Memphis: Hear from real drivers

We asked drivers in Tennessee to review their car insurance providers—and share their experience shopping with Jerry. Here’s what we found:

I found my Progressive policy through Jerry. I had Geico before and in January 2023 my policy went from $165 to $210. I said no thank you and as soon as I heard of Jerry I tried it. The Jerry App found my policy which is nearly $100 cheaper and has the exact same coverage. It was super easy and fast to set up and I?€?m so glad I did! Cancelled Geico the same day and am so happy about saving so much!

Kevin, Nashville, TN

Ever since I had the Jerry app I have great insurance with affordable prices.

Gustavo, Memphis, TN

Geico was $160 more per month with higher deductibles. Using the Jerry App helped so much because I wouldn't have known this company Trexis. Also all of the quotes provided did NOT require me to input my info over and over to get a final and accurate quote. And the Jerry team was very responsive. When I got a text and responded to them I actually thought it was a bot because of the quick response!! So thanks Trexis for the savings and Jerry for the simplicity of getting a new policy.

Sandra, Crossville, TN

Cheap car insurance quotes in Memphis for drivers with poor credit

Drivers with poor credit scores often face higher insurance costs compared to those with healthier credit ratings. Even though

credit scores

don’t directly affect how well you drive, insurance companies have observed a relationship between low credit and an increased frequency to file claims.

Generally, drivers with great credit scores (over 750) will pay approximately 20% less on car insurance compared to individuals with poorer scores (below 550).

Credit Range	Insurance Company	Premium (monthly)	Customer	Car	Insurance Coverage
> 750	Progressive	$102	Lillian, 61 Zip: 38141	Honda CR-V EX	• State Minimum Liability • Comp / Collision
660 - 750	Safeco	$153	Beulah, 26 Zip: 38111	Dodge Charger SXT	• 50,000/100,000 Liability • Comp / Collision
660 - 750	Travelers	$133	Viola, 57 Zip: 38127	Chevrolet Malibu LTZ	• State Minimum Liability • Comp / Collision
550 - 659	Nationwide	$358	Peter, 26 Zip: 38106	Hyundai Sonata SE	• 50,000/100,000 Liability • Comp / Collision
< 550	National General	$217	Florence, 24 Zip: 38107	Dodge Avenger SXT	• State Minimum Liability

Last Updated Apr 20, 2024

Cheap car insurance quotes in Memphis for popular cars

The kind of car you drive can have a significant impact on auto insurance premiums. The more expensive, large, and rare your vehicle is, the more it will cost to repair—and to insure.

Vehicles that are popular with Memphis drivers are:

Ford F-150

Chevrolet Silverado 1500

MORE:

How to get car insurance before buying a car

Popular Car	Insurance Company	Premium (monthly)	Customer	Insurance Coverage
Ford F-150 Heritage Classic	State Auto	$90	Charlotte, 57 Zip: 38122	• State Minimum Liability
Chevrolet Silverado C1500 LT	Progressive	$124	Eugenia, 51 Zip: 38128	• State Minimum Liability • Comp / Collision
RAM 1500 SLT	Safeco	$116	Marvin, 30 Zip: 38133	• State Minimum Liability • Comp / Collision
Honda Civic EX	Bristol West	$155	Chase, 48 Zip: 38122	• State Minimum Liability
Nissan Altima 2.5	Allstate	$159	Cody, 44 Zip: 38127	• State Minimum Liability • Comp / Collision
Nissan Rogue S	Progressive	$93	Charlotte, 44 Zip: 38133	• State Minimum Liability • Comp / Collision
Toyota Camry	Safeco	$65	Cecilia, 33 Zip: 38105	• State Minimum Liability
Ford Escape XLT	Nationwide	$167	Joel, 46 Zip: 38128	• 50,000/100,000 Liability • Comp / Collision

Last Updated Apr 19, 2024

How to lower car insurance costs in Memphis

1. Shop around and compare quotes

Tennessee car insurance companies have raised rates by an average of 32.2% since mid-2022.9 As insurers continue to raise rates,

comparison shopping

is becoming more important than ever.

Every insurance company uses a different ever-changing set of algorithms to set insurance prices—so the cheapest car insurance company for you could change over time. The best way to find affordable rates for your profile is to work with a licensed broker like Jerry.

Jerry compares free quotes for auto insurance, home insurance, and renters insurance.

By creating a single driver profile, you’ll get access to multiple quotes at different coverage levels. It typically takes one to three hours from quoting to finalize your policy through Jerry.

Compare car insurance quotes now

2. Hunt for car insurance discounts

Every insurance company offers

a set of discounts

, but the exact discount offered varies by company. Some common discounts include:

Good driver discounts. If you stay accident- and violation-free for a specific number of years (typically three to five), you may qualify for a discounted rate from your insurance company.

Telematics discounts. Many companies offer easy-to-win discounts to drivers who use telematics to track their driving habits. You might even get a discount just for signing up!

Good student discounts. Are you a full-time student in either high school or college? Do you have a B average or better? You probably qualify for a discount from your insurance company.

Bundling discounts.

Bundle your home and auto insurance

(or auto and renters) with the same company, and you could get a discount on both policies.

3. Increase your deductible for comprehensive and collision coverage

If you’ve got full coverage car insurance, increasing your deductible is an easy way to keep your monthly expenses low without sacrificing coverage.

MORE:

How to choose a car insurance deductible

FAQ

How much is car insurance in Memphis?

Car insurance in Memphis costs an average of $100 per month for state minimum coverage and $262 for full coverage.

What is the cheapest car insurance in Memphis?

State minimum coverage, which consists of 25/50/25 liability coverage, is the cheapest coverage option in Memphis—but it won’t provide enough coverage for most drivers and carrying it can lead to serious financial losses.

The most cost-effective option for most Memphis drivers is a full coverage policy with at least 50k/100k/50k liability coverage, along with MedPay and uninsured motorist coverage.

What is the minimum car insurance in Memphis, Tennessee?

The minimum car insurance required by law in Memphis, TN is $25,000 of bodily injury liability coverage per person, $50,000 of bodily injury liability coverage per accident, and $25,000 of property damage liability coverage per accident.

What is the best car insurance in Memphis?

The best car insurance in Memphis depends on your driver profile. Most drivers can find affordable coverage from companies like Travelers, Nationwide, and Anchor General.

Methodology

The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). All average quote data is based on rates for single drivers with a clean record and a single car between the ages of 35 and 65.

We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.

For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings.

Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Sources

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/progressive-passes-geico-for-no-2-spot-in-us-private-auto-insurance-market-74576033

https://www.wglt.org/local-news/2023-05-22/how-the-pandemic-set-the-stage-for-rapid-fire-auto-insurance-rate-hikes-at-state-farm

https://www.tn.gov/revenue/title-and-registration/drive-insured-tennessee/for-drivers/why-you-should-have-auto-insurance.html

https://www.consumeraffairs.com/automotive/worst-drivers-in-america.html

https://www.tn.gov/content/dam/tn/safety/documents/crash_stats/2023/CountyCrashRankings2018-2022.pdf

https://memphiscrime.org/the-stats/

https://www.nicb.org/news/news-releases/hot-spots-report-shows-vehicle-theft-rates-spiking-different-regions-us

https://www.actionnews5.com/2023/11/18/number-stolen-vehicles-memphis-climbing-police-say/

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-private-auto-insurance-rates-see-double-digit-jump-in-2023-77178794

Meet our experts

R.E. Fulton

Licensed Insurance Agent —Senior Content Writer

R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.

As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.

Sarah Gray

Licensed Insurance Agent — Expert Insurance Writer and Editor

Sarah Gray is an insurance writer with nearly a decade of experience in publishing and writing. Sarah specializes in writing articles that educate car owners and buyers on the full scope of car ownership—from shopping for and buying a new car to scrapping one that’s breathed its last and everything in between. Sarah has authored over 1,500 articles for Jerry on topics ranging from first-time buyer programs to how to get a salvage title for a totaled car.

Prior to joining Jerry, Sarah was a full-time professor of English literature and composition with multiple academic writing publications.

Josh Damico

Head Of Insurance Operations

18+ Years Experience in Insurance

Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities. He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.

*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.