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Finding the cheapest car insurance quotes in New Memphis shouldn't be a guessing game. That's why our licensed insurance experts do the heavy lifting for you, analyzing rates from dozens of top companies to find you the best deal.
We believe in making things clear and simple. Our experts compare coverage options and find every possible discount, so you can see your best options side-by-side. It’s fast, free, and designed to save you a ton.
The auto insurance rates published in this guide are based on the results of research
completed by Way’s data team. Using a mix of public
and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These
rates were publicly sourced from insurer filings and should be used for comparative
purposes only — your own quotes will differ. Given this, it’s important to go through
our insurance
steps form to find how much you can save with Way.
Table of Contents
How Much Is Car Insurance in New Memphis
The car insurance rate in New Memphis is $906 for a six-month policy, which is $35 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $370, making it a popular choice for budget-conscious drivers. Rates in New Memphis can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.
At $370 for a six
month policy, American Family offers
the cheapest
auto
insurance rates in the city.
2nd place: AutoOwners Insurance Co
AutoOwners Insurance Co offers auto
insurance rates at $464 for a
six-month policy,
making it one of the cheapest to insure with.
3rd place: Westfield
Westfield offers auto insurance
rates at $525
for six months, making it
the third cheapest auto insurance company in New Memphis.
New Memphis Car Insurance Rates by Company
Based on our research, the cheapest car insurance company in New Memphis, IL is American Family, offering policies at just $370 for a six-month term. This is followed by AutoOwners Insurance Co, which has an average six-month premium of $464.
At the higher end of the spectrum, Hanover is the most expensive, with rates reaching $977 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help New Memphis drivers find the best deals.
Way's key takeaways about car insurance in New Memphis
The auto insurance costs in New Memphis fall around $370 for six
months.
The cheapest auto insurance company in New Memphis is Mercury.
Teen drivers pay the highest rate in New Memphis at $60 per
month.
High Rates Shouldn’t Drive You Out of Pocket.
Save up to $971/yr with our auto insurance quotes
Cheapest Minimum Liability Car Insurance in New Memphis
Since car insurance is a critical requirement for owning a car, you
must have minimum liability car insurance. The cheapest car insurance companies for minimum
coverage in New Memphis are given below.
Mercury provides
the cheapest minimum car insurance
coverage in New Memphis. Their Average 6 Month Premium is $155.
AAA is the most
expensive at $265 for the same
period.
Cheapest Full Coverage Car Insurance in New Memphis
One might think that minimum coverage is only required when insuring
your car insurance. However, having full coverage car insurance in any city is certainly a
wise choice as it offers better coverage and protection. Our best pick for the cheapest auto
insurance quotes in New Memphis is American Family
at $63 per month and $370
for six months.
Cheapest Full Coverage Car Insurance Quotes in New Memphis,
IL
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Average Car Insurance in New Memphis by Rating
Factor
The car insurance rates for two people under the same ZIP
code will mostly be different. This is mostly because insurance rates are calculated
based on several rating factors. These rating factors include the driver's age, gender,
marital status, driving and claims history, credit score, location, type of vehicle, and
coverage levels.
I have a clean driving record. Why is my car insurance rate
here in New Memphis, IL increasing?
Despite maintaining a clean driving record, your car insurance rates
in New Memphis, Illinois, may be increasing due to several external factors.
Illinois has
experienced significant rate hikes recently, with average premiums rising by 25.5% in
2023, largely attributed to higher claims volumes and inflation.
Additionally, New Memphis's high urban population density, raised
auto
theft rates, and frequent natural disasters contribute to increased insurance costs.
Car Insurance Premiums by Age in New Memphis
It is quite evident why teen drivers pay the highest car insurance
rates in any city. Their lack of experience and increased accident rates make them a highly
risky category. However, as you grow older, your car insurance rates will decrease. So, it
is better to not have separate policies for teens; instead, add them to their parents'
policies.
Cheapest Car Insurance Companies Based on Age Group
Age Group
Cheapest Companies
Avg. 6 Mo. Premium
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Cheapest Car Insurance Rates for Teen Drivers in
New Memphis,IL
If you are planning to get a car insurance policy for your teenage
dependent, Westfield provides the cheapest car
insurance in the New Memphis at $33
per
month. At $353 for a six-month premium,
AAA offers the most expensive rate for
teen drivers.
If you are in your twenties N/A is
the best choice for car
insurance in New Memphis.
As young drivers face the highest rates in New Memphis, N/A
offers the cheapest auto insurance rates at $N/A for six months.
Car Insurance Rates by Credit Score & Driving History
Similar to your driving history, your financial history also plays a
key role in determining your auto insurance rates. A low credit score would mean a lapse in
payment and increased chances of filing claims, which results in higher auto insurance
rates. Therefore, the higher the credit score, the lower the car insurance rates will be.
Cheapest Car Insurance Companies for Bad Credit
For those with poor credit scores in New Memphis,
Mercury is
the cheapest car insurance provider. At $235 for a six-month premium, they offer
the best
rates in the city. The most expensive auto insurance rate for drivers with bad credit in
New Memphis is Farmers, offering
rates of around $3021 for six
months.
Save up to $971/yr on car insurance rates in New Memphis.
Car Insurance Rates with An Accident in New Memphis
Both accidents and the resulting increase in insurance rates are often
beyond our control. When you’re involved in an accident, you become riskier to insure,
consequently increasing the rates. In New Memphis, IL,
accidents can lead to
significant hikes in your premiums.
Cheapest Car Insurance Companies after an At-Fault Accident
in New Memphis
The cheapest car insurance companies after an at-fault accident in
New Memphis include American Family
and AutoOwners Insurance Co, offering $248
and $259,
respectively. AAA is an expensive provider
with an average six-month premium of
$439.
Here is a list of driving violations that can increase your car
insurance rates in New Memphis IL. For example, the car
insurance in New Memphis
after a DUI increases to $853 for a six
month policy. While the rate increases by $229 for a six-month policy in the case of
a speeding ticket.
New Memphis auto insurance quotes by violations
Accident/Violation
Avg. 6 Mo Premium
Avg. Monthly Premium
None
$1019
$170
One Med/PIP claim
$1025
$175
Not-at-fault accident
$1082
$180
One comp claim
$1106
$188
Two Med/PIP claims
$1106
$184
Failure to wear a seat belt
$1186
$202
Driving without lights
$1198
$200
Child safety restraint
$1204
$205
Two comp claims
$1204
$201
Failure to show documents
$1223
$208
Speeding 6 - 10 MPH over limit
$1248
$208
Driving with expired registration
$1254
$213
Speeding 11 - 15 MPH over limit
$1279
$213
Driving too slowly
$1285
$218
Failure to yield
$1285
$214
Illegal turn
$1285
$218
At-fault accident - less than $1000
$1297
$216
Failure to stop at a red light
$1297
$220
Following too closely
$1297
$216
Speeding 16 - 20 MPH over limit
$1303
$222
Speeding in school zone
$1303
$217
Improper passing
$1309
$223
Wrong way/wrong lane
$1309
$218
Cell phone violation
$1334
$227
Texting while driving
$1334
$223
Passing school bus
$1347
$229
In 65 MPH zone
$1353
$226
Speeding 21 - 25 MPH over limit
$1366
$232
Operating a vehicle without permission
$1390
$232
At-fault accident - $1000-$2000
$1477
$251
At-fault accident - greater than $2000
$1501
$251
Open container
$1551
$264
Reckless driving
$1798
$300
Racing
$1816
$309
Driving with a suspended license
$1853
$309
Refusal to submit to a chemical test
$1866
$317
DUI
$1872
$312
Leaving scene of an accident/hit and run
$1891
$321
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Way Tip
Avoid Having A DUI On Your Driving Record.
A DUI can increase your car insurance rates—by $5,000 to $10,000 over
five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on
your record for 3–5 years, while DUIs/DWIs can impact you longer.
Car Insurance Rates in New Memphis after a
DUI
There may have been times when you drank but chose not to
drive—a smart and responsible decision, as most states treat DUIs as a serious
offense. Your car insurance rates can double after a DUI charge, making it harder to
find affordable coverage in New Memphis.
The cheapest car insurance premiums in
New Memphis are
offered by Mercury at $235 for a six-month policy.
However, it can be as
expensive as $2650 with companies
like Farmers.
One of the easiest ways to save money on car insurance is
to stay within the speed limit. After a speeding violation, the cheapest car
insurance premiums in New Memphis are offered by Westfield
at $198. However,
it can be as expensive as $4856
with companies like Farmers for a similar
six-month premium.
Cheapest Car Insurance in New Memphis after Speeding ticket
Car Insurance Price Trends in New Memphis,
Illinois
Car insurance rates in New Memphis have fluctuated due to factors
such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the New Memphis dipped by
$176 in January
compared to $201 of December. In other words, there has been an decrease by $25 when you
compare January and December.
The average cost of liability insurance in the New Memphis dipped to $53 in January,
compared to $55 in December.
This represents an decrease of $2
when comparing January and December.
Average Car Insurance Cost in New Memphis by ZIP
Code
The crime rate, the number of accidents, and the probability of
natural calamities all determine the car insurance rates in different neighborhoods in the
New Memphis. At $1811 for a
six-month policy, insuring
your car at 62266 is the cheapest
in the city.
Zip Code
Average 6 Mo. Premium
Avg. Monthly Premium
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Frequently Asked Questions
How much is car insurance in New Memphis?
The car insurance in New Memphis is $26 per month, which is lower than the national average.
What is the cheapest car insurance in New Memphis?
The cheapest car insurance in New Memphis
is $63 per month
for full coverage.
How much is car insurance in New Memphis for teenagers?
Car insurance for teenagers costs $198 per 6 months. The
rates for
teen drivers are higher due to their lack of experience as drivers.
What's the average cost of car insurance in
New Memphis?
The average cost of car insurance is $871 for a six-month
policy. It will cost around $152 per month to insure your
car in New Memphis.
Is car insurance expensive in New Memphis?
Car insurance can be expensive in New Memphis if your
rating
factors are not favorable. However, with a clean driving record and good
credit
score, car insurance rates in New Memphis can be
affordable.
What is the best car insurance in New Memphis,
IL?
The best car insurance company in New Memphis
IL is
American Family, offering $370 for a
six-month policy.
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Find Car Insurance Rates in Cities Near New Memphis, IL
Car Insurance Rates by State in the USA (2025 Update)
New Memphis Car Insurance
