Cheapest Car Insurance Quotes in Memphis

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Memphis Car Insurance

^$ 35

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

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 Memphis

The car insurance rate in Memphis is $1326 for a six-month policy, which is $448 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $646, making it a popular choice for budget-conscious drivers. Rates in 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.

Avg. Car Insurance in Memphis

$1326

Avg. Car Insurance in Tennessee

$878

National Average

$1278

Cheapest Car Insurance Companies in Memphis

1st place: AutoOwners Insurance Co

At $646 for a six month policy, AutoOwners Insurance Co offers the cheapest auto insurance rates in the city.

2nd place: Westfield

Westfield offers auto insurance rates at $681 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Tennessee Farm Bureau

Tennessee Farm Bureau offers auto insurance rates at $726 for six months, making it the third cheapest auto insurance company in Memphis.

Memphis Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Memphis, TN is AutoOwners Insurance Co, offering policies at just $646 for a six-month term. This is followed by Westfield, which has an average six-month premium of $681.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $2179 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Memphis drivers find the best deals.

Cheap Car Insurance Companies in Memphis, TN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$646	$110
Westfield	$681	$113
Tennessee Farm Bureau	$726	$124
Erie	$1013	$171
Travelers	$1059	$178
USAA	$1148	$193
Grange	$1247	$210
Farm Bureau of Tennessee	$1291	$216
Auto-Owners	$1327	$225
Farmers	$1435	$242
Tennessee Farmers	$1444	$246
Penn National	$1561	$260
Nationwide	$1730	$294
State Farm	$1749	$294
Progressive	$1992	$335
Allstate	$2179	$364

Key Takeaways

Way's key takeaways about car insurance in Memphis

The auto insurance costs in Memphis fall around $646 for six months.
The cheapest auto insurance company in Memphis is Westfield.
Teen drivers pay the highest rate in Memphis at $1357 per month.

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Cheapest Minimum Liability Car Insurance in 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 Memphis are given below.

Westfield provides the cheapest minimum car insurance coverage in Memphis. Their Average 6 Month Premium is $207. Allstate is the most expensive at $726 for the same period.

Cheapest Liability Coverage in Memphis, TN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$207	$35
Auto-Owners Insurance Co	$242	$41
Tennessee Farm Bureau	$251	$42
Farm Bureau of Tennessee	$260	$44
Tennessee Farmers	$296	$50
USAA	$296	$50
Cincinnati	$305	$51
Erie	$341	$57
Travelers	$341	$57
Penn National	$368	$62
Auto-Owners	$385	$65
Farmers	$421	$71
State Farm	$439	$74
Progressive	$494	$83
Allstate	$726	$122

Cheapest Full Coverage Car Insurance in 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 Memphis is AutoOwners Insurance Co at $110 per month and $646 for six months.

Cheapest Full Coverage Car Insurance Quotes in Memphis, TN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$646	$110
Westfield	$681	$113
Tennessee Farm Bureau	$726	$124
Erie	$1013	$171
Travelers	$1059	$178
USAA	$1148	$193
Grange	$1247	$210
Farm Bureau of Tennessee	$1291	$216
Auto-Owners	$1327	$225
Farmers	$1435	$242
Tennessee Farmers	$1444	$246
Penn National	$1561	$260
Nationwide	$1730	$294
State Farm	$1749	$294
Progressive	$1992	$335
Allstate	$2179	$364

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Average Car Insurance in 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 Memphis, TN increasing?

Despite maintaining a clean driving record, your car insurance rates in Memphis, Tennessee, may be increasing due to several external factors. Tennessee has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, 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 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

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Cheapest Car Insurance Rates for Teen Drivers in Memphis,TN

If you are planning to get a car insurance policy for your teenage dependent, Westfield provides the cheapest car insurance in the Memphis at $41 per month. At $7983 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$242	$41
Tennessee Farm Bureau	$341	$57
Auto-Owners Insurance Co	$359	$60
Grange	$385	$65
Cincinnati	$394	$66
Erie	$1327	$223
USAA	$1327	$223
Travelers	$1400	$236
State Farm	$2117	$356
Farmers	$2422	$408
Progressive	$3579	$602
Auto-Owners	$4601	$767
Allstate	$7983	$1357

Teen Car Insurance Rates in TN by Age

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 Memphis, Tennessee Farm Bureau is the cheapest car insurance provider. At $287 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 Memphis is State Farm, offering rates of around $7517 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Tennessee Farm Bureau	$287	$48
Westfield	$376	$63
Grange	$448	$76
Cincinnati	$529	$91
Travelers	$1345	$227
Farmers	$1552	$261
USAA	$1587	$264
Progressive	$1785	$300
Erie	$1821	$307
Auto-Owners	$3508	$596
Allstate	$3795	$633
State Farm	$7517	$1277

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Car Insurance Rates with An Accident in 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 Memphis, TN, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Memphis

The cheapest car insurance companies after an at-fault accident in Memphis include Tennessee Farm Bureau and Farm Bureau of Tennessee, offering $251 and $260, respectively. Allstate is an expensive provider with an average six-month premium of $4350.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Tennessee Farm Bureau	$251	$42
Farm Bureau of Tennessee	$260	$44
Westfield	$350	$59
Auto-Owners Insurance Co	$448	$77
Grange	$485	$80
Travelers	$744	$125
Erie	$817	$137
USAA	$834	$140
State Farm	$888	$149
Farmers	$1013	$171
Progressive	$1552	$261
Auto-Owners	$2260	$385
Allstate	$4350	$725

Memphis Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Memphis TN. For example, the car insurance in Memphis after a DUI increases to $1498 for a six month policy. While the rate increases by $287 for a six-month policy in the case of a speeding ticket.

Memphis auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1498	$249
Not-at-fault accident	$1507	$257
One Med/PIP claim	$1516	$252
One comp claim	$1534	$261
Two comp claims	$1552	$258
Two Med/PIP claims	$1552	$264
Failure to wear a seat belt	$1721	$287
Failure to show documents	$1749	$297
Child safety restraint	$1758	$293
Driving without lights	$1758	$299
Cell phone violation	$1785	$297
Driving with expired registration	$1785	$304
Speeding 6 - 10 MPH over limit	$1785	$297
Driving too slowly	$1794	$305
Speeding 11 - 15 MPH over limit	$1794	$299
Speeding in school zone	$1794	$305
Failure to yield	$1803	$300
Following too closely	$1803	$307
Illegal turn	$1803	$300
Speeding 16 - 20 MPH over limit	$1803	$307
Texting while driving	$1803	$300
Improper passing	$1821	$310
Wrong way/wrong lane	$1821	$304
Failure to stop at a red light	$1830	$311
In 65 MPH zone	$1857	$310
Speeding 21 - 25 MPH over limit	$1901	$323
At-fault accident - less than $1000	$1928	$322
Passing school bus	$1928	$328
Operating a vehicle without permission	$2045	$341
Open container	$2063	$350
At-fault accident - $1000-$2000	$2224	$371
At-fault accident - greater than $2000	$2224	$378
Reckless driving	$2807	$468
Racing	$2816	$479
Driving with a suspended license	$2889	$482
Refusal to submit to a chemical test	$2941	$500
DUI	$2996	$500
Leaving scene of an accident/hit and run	$2996	$509

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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 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 Memphis.

The cheapest car insurance premiums in Memphis are offered by Tennessee Farm Bureau at $394 for a six-month policy. However, it can be as expensive as $3157 with companies like AutoOwners.

Memphis car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Tennessee Farm Bureau	$394	$66
Grange	$610	$101
Travelers	$1040	$175
Farmers	$1193	$201
USAA	$1418	$239
Erie	$1471	$248
Progressive	$1480	$249
Tennessee Farmers	$1740	$290
State Farm	$1758	$296
Allstate	$2700	$455
Auto-Owners	$3157	$538

Cheapest car insurance after a speeding ticket

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 Memphis are offered by Westfield at $242. However, it can be as expensive as $3185 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Memphis after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$242	$41
Tennessee Farm Bureau	$251	$42
Auto-Owners Insurance Co	$350	$59
Cincinnati	$368	$62
Chubb	$403	$68
Erie	$870	$146
Travelers	$1031	$174
USAA	$1059	$180
State Farm	$1148	$193
Auto-Owners	$1327	$225
Progressive	$1659	$279
Farmers	$2260	$385
Allstate	$3185	$530

Car Insurance Price Trends in Memphis, Tennessee

Car insurance rates in Memphis have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Memphis rose by $263 in January compared to $145 of December. In other words, there has been an increase by $118 when you compare January and December.

The average cost of liability insurance in the Memphis rose to $63 in January, compared to $56 in December. This represents an increase of $7 when comparing January and December.

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Average Car Insurance Cost in 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 Memphis. At $1365 for a six-month policy, insuring your car at 38141 is the cheapest in the city.

Zip Code	Average 6 Mo. Premium	Avg. Monthly Premium
38141	$1365	$230
38120	$1352	$227
38122	$1365	$230
38125	$1392	$234
38103	$1352	$227
38126	$1325	$223
38104	$1365	$230
38105	$1325	$223
38127	$1405	$236
38128	$1405	$236
38106	$1365	$230
38107	$1352	$227
38108	$1352	$227
38109	$1405	$236
38152	$1325	$223
38111	$1405	$236
38133	$1365	$230
38134	$1405	$236
38112	$1352	$227
38135	$1378	$232
38114	$1365	$230
38115	$1392	$234
38116	$1392	$234
38117	$1365	$230
38118	$1392	$234
38119	$1365	$230

Frequently Asked Questions

How much is car insurance in Memphis?

The car insurance in Memphis is $35 per month, which is lower than the national average.

What is the cheapest car insurance in Memphis?

The cheapest car insurance in Memphis is $110 per month for full coverage.

How much is car insurance in Memphis for teenagers?

Car insurance for teenagers costs $242 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 Memphis?

The average cost of car insurance is $878 for a six-month policy. It will cost around $223 per month to insure your car in Memphis.

Is car insurance expensive in Memphis?

Car insurance can be expensive in Memphis if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Memphis can be affordable.

Cheapest Car Insurance Quotes in Memphis

Why you can trust Way?

How Much Is Car Insurance in Memphis

Avg. Car Insurance in Memphis

Avg. Car Insurance in Tennessee

National Average

Cheapest Car Insurance Companies in Memphis

1st place: AutoOwners Insurance Co

2nd place: Westfield

3rd place: Tennessee Farm Bureau

Memphis Car Insurance Rates by Company

Cheap Car Insurance Companies in Memphis, TN

Way's key takeaways about car insurance in Memphis

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Memphis

Cheapest Liability Coverage in Memphis, TN

Cheapest Full Coverage Car Insurance in Memphis

Cheapest Full Coverage Car Insurance Quotes in Memphis, TN

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Memphis by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Memphis, TN increasing?

Car Insurance Premiums by Age in Memphis

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Memphis,TN

If you are in your twenties N/A is the best choice for car insurance in Memphis.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Memphis

Cheapest Car Insurance Companies after an At-Fault Accident in Memphis

Memphis Car Insurance Rates by Violation

Memphis auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Memphis after a DUI

Memphis car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Memphis after Speeding ticket

Car Insurance Price Trends in Memphis, Tennessee

Average Car Insurance Cost in Memphis by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Memphis, TN

Car Insurance Rates by State in the USA (2025 Update)

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