Best Cheap Auto Insurance in Memphis, TN (2021)

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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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: May 4, 2022

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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.

Things to Remember

  • 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.

Minimum Required Auto 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

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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.

Annual Auto 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

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.

Annual Auto 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

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.

Annual Auto 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

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.

Annual Memphis, Tennessee Auto 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

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.

Annual Auto Insurance Rates After a DUI in Memphis, Tennessee

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.

Annual Auto 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

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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.

Annual Auto 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

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.

Annual Auto Insurance Rates by Commute Length in Memphis, Tennessee

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.

Annual Auto 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

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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.

Best Annual Auto 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

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.

Average Annual Auto 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

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.

Free Auto Insurance Comparison

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

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