Cheapest Car Insurance In Memphis, TN 2024
Auto-Owners Insurance Co stands out as the cheapest option in Memphis, offering an average rate of $30 a month for minimum coverage.
We’ve saved shoppers an average of $600 per year on their car insurance.
When searching for the cheapest car insurance in Memphis, TN, prices can vary significantly.
For the most affordable liability-only coverage, Auto-Owners Insurance Co is the top choice. However, drivers seeking more comprehensive protection will find that State Farm provides the best rates for full coverage policies. Additionally, Safeco offers the lowest rates for young drivers.
Cheapest Car Insurance Companies In Memphis, TN 2024
Cheapest Minimum Coverage Car Insurance In Memphis: Auto-Owners Insurance Co
Auto-Owners Insurance Co is the most affordable car insurance provider for minimum coverage in Memphis, with an average monthly cost of $30.
| Provider | Average Monthly Cost | Average Annual Cost |
| Erie | $40 | $480 |
| State Farm | $35 | $420 |
| GEICO | $50 | $600 |
| Auto-Owners Insurance Co | $30 | $360 |
| Westfield | $45 | $540 |
Cheapest Car Insurance In Memphis For Seniors: USAA
USAA provides the most affordable car insurance rates for seniors in Memphis, with average monthly quotes of $85.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $100 | $1,200 |
| Tennessee Farmers | $115 | $1,380 |
| USAA | $85 | $1,020 |
| Direct Auto | $105 | $1,260 |
| Penn National | $110 | $1,320 |
Cheapest Full Coverage Car Insurance In Memphis: State Farm
State Farm offers the lowest rates for full coverage car insurance in Memphis, with average monthly quotes of $65.
| Provider | Average Monthly Cost | Average Annual Cost |
| Erie | $70 | $840 |
| State Farm | $65 | $780 |
| Westfield | $85 | $1,020 |
| Nationwide | $95 | $1,140 |
| Cincinnati Insurance | $90 | $1,080 |
Cheapest Car Insurance In Memphis For Young Adults: Safeco
Safeco provides the most affordable quotes for young adults in Memphis, with rates averaging around $130 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $140 | $1,680 |
| State Farm | $170 | $2,040 |
| Direct Auto | $180 | $2,160 |
| Direct General Insurance | $190 | $2,280 |
| Safeco | $130 | $1,560 |
Cheapest Auto Insurance Rates In Memphis For Teenagers: Direct Auto
Teenage drivers in Memphis can get the most affordable quotes from Direct Auto, with average monthly premiums of $125.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $200 | $2,400 |
| State Farm | $255 | $3,060 |
| Direct Auto | $125 | $1,500 |
| Auto-Owners Insurance Co | $285 | $3,420 |
| Safeco | $245 | $2,940 |
Cheapest Car Insurance In Memphis After A Speeding Ticket: State Farm
State Farm is very affordable compared to other companies, offering average rates of $75 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Erie | $85 | $1,020 |
| Westfield | $105 | $1,260 |
| State Farm | $75 | $900 |
| Tennessee Farm Bureau | $100 | $1,200 |
| Auto-Owners Insurance Co | $95 | $1,140 |
Cheapest Car Insurance In Memphis After At-Fault Accident: State Farm
State Farm provides the most affordable car insurance quotes for drivers with an at-fault incident, averaging $70 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Erie | $110 | $1,320 |
| Westfield | $135 | $1,620 |
| State Farm | $70 | $840 |
| Allstate | $125 | $1,500 |
| Tennessee Farm Bureau | $100 | $1,200 |
Cheapest Car Insurance In Memphis For Drivers After A DUI: State Farm
State Farm offers the lowest rates for drivers with a DUI in Memphis, with average monthly premiums of $65.
| Provider | Average Monthly Cost | Average Annual Cost |
| Erie | $125 | $1,500 |
| Progressive | $155 | $1,860 |
| Farmers | $135 | $1,620 |
| State Farm | $65 | $780 |
| Allstate | $130 | $1,560 |
Best Car Insurance Companies In Memphis
Here are the top 10 car insurance companies in Memphis, TN, ranked by their average monthly rates:
| Company | Monthly Premium |
| Penn National | $125 |
| Erie | $155 |
| Direct Auto | $115 |
| Tennessee Farmers | $140 |
| USAA | $100 |
| Direct General Insurance | $138 |
| Safeco | $108 |
| Auto-Owners Insurance Co | $145 |
| Grange Mutual | $150 |
| State Farm | $120 |
Average Cost Of Car Insurance In Memphis – By Vehicle
| Vehicle | Average Monthly Rate |
| 2024 Chevrolet Trax | $150 |
| 2015 Toyota Camry | $70 |
| 2015 Volvo Xc60 | $165 |
| 2024 Jeep Wrangler | $65 |
| 2019 Dodge Charger | $170 |
Average Cost Of Car Insurance In Memphis – By Age
| Age | Average Yearly Rate |
| Teenagers | $4,200 |
| 20s | $2,700 |
| 30s | $1,800 |
| 40s | $1,740 |
| 50s | $1,560 |
| 60s | $1,500 |
| 70s | $1,664 |
Average Cost Of Auto Insurance In Memphis – By Zip Code
| City | Average Monthly Rate |
| 38016 | $150 |
| 38103 | $165 |
| 37713 | $935 |
| 38101 | $75 |
| 38018 | $145 |
How Much Is Car Insurance In Other Cities in Tennessee?
| City | Average Monthly Rate |
| Franklin | $115 |
| Crossville | $105 |
| Jackson | $120 |
| Cookeville | $92 |
| Morristown | $95 |
| Clarksville | $130 |
| Maryville | $112 |
| Chattanooga | $105 |
| Kingsport | $85 |
| Cleveland | $100 |
Our Methodology
Based on a thorough analysis that includes customer service ratings, product options, pricing, and a detailed review of various online sources and user experiences, I've developed a comprehensive overview of car insurance providers in Memphis, TN.
Quotes Analyzed
Brands Reviewed
Years Of Experience
Research Hours
FAQs
Who has the lowest car insurance rates in Memphis?
In Memphis, Auto-Owners Insurance Co offers the lowest rates for the minimum coverage required by the State of Tennessee, while State Farm provides the most affordable full coverage, including comprehensive and collision protection.
What is the average cost of car insurance in Memphis?
In Memphis, the average monthly cost of car insurance is approximately $165. Rates can vary depending on factors such as your zip code, the year and model of your car, and your driving record.
