Memphis Car Insurance

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Tennessee has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Memphis typically pay around $159.09 per month compared to the national average of $167.68 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

Memphis, TN Best Car Insurance Companies

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, USAA generally has the most affordable car insurance in Memphis coming in around $97.23 per month. Other companies to consider if you live in Memphis is Safeco with an average cost of $111.89 per month and State Farm which typically runs around $119.60 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Memphis.

How Much is Car Insurance in Memphis, TN?

Rates can vary from city to city. The residents of Chattanooga typically pay $108.42 per month while people who live in Clarksville will pay $127.22 per month on average. See what people pay for car insurance in other cities in Tennessee.

Cheap Car Insurance in Memphis by Zip Codes

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Tennessee. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Car Insurance Rates by Driver's Age Group in Memphis

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $132.34 per month in Memphis. Compare that to drivers in their 30’s who typically pay around $133.62 per month drivers in their 40s at $221.44 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Cheapest Insurance for Teenage Drivers in Memphis

If you are teen in Memphis you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, Direct Auto typically charges around $132.08 per month. This is likely the most affordable option in Memphis. You might also want to consider USAA and Safeco who also offer good affordable policies for teen drivers.

Cheapest Insurance for 20 Year-olds in Memphis

20 year-olds in Memphis might want to consider Safeco who, on average, offers car insurance rates around $126.55 per month. USAA , Direct Auto , State Farm and Direct General Insurance are also in the top 5 cheapest rates available.

Cheapest Insurance for 30 Year-olds in Memphis

If you are in your 30s in Memphis our research has found that USAA typically has the most affordable coverage coming in around $88.90 per month, followed by Direct Auto at $97.62 and Direct General Insurance at $101.33.

Cheapest Insurance for 40 Year-olds in Memphis

On average, Direct Auto offers car insurance for 40 year-olds in Memphis for around $59.11 per month. If you are looking for affordable coverage, you may also want to consider USAA or State Farm. The full list of top companies is below.

Cheapest Insurance for 50 Year-olds in Memphis

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Memphis we found that Direct Auto generally offers the most affordable coverage at $77.40 per month.

Cheapest Insurance for 60 Year-olds in Memphis

If you live in Memphis and you’re in your 60s, our data indicates that USAA usually has the best rates at $81.95 per month. The top 5 list of car insurance companies is below.

Driver's Coverage Auto Insurance Rates in Memphis, TN

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Memphis, the average monthly rate for a driver who is currently insured is $161.43 while drivers who are not currently covered will pay around $155.72.

Compare Recent Car Insurance Quotes in Memphis

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Memphis a driver of a 2017 Nissan Sentra can expect to pay around $238.84 per month while someone that owns a 2019 Lincoln MKC may pay around $245.43 per month. Check out the list of recent quotes in Memphis below.

FAQ's for Drivers in Memphis, TN

In Memphis, you are required to have auto liability insurance coverage.

What is the Minimum Amount of Liability Coverage Requirement in Memphis?

• $25,000 bodily injury liability coverage per person
• $50,000 bodily injury liability coverage per accident
• $15,000 property damage liability coverage

What Is the Blood Alcohol Concentration (BAC) Limit in Memphis?

The legal blood alcohol content (BAC) level limit is .08% in Tennessee. And this legal limit is the same in every other state. If you are behind the wheel of a car with a .08% BAC level or higher you may be arrested for DUI. In Tennessee, penalties for a DUI include a $350 to $1,500 fine and jail time, ranging from 48 hours to more than 11 months. You may have your license revoked for one year. You also will be ordered to join an alcohol and drug treatment program. With a DUI on your record, you will see your auto insurance premiums increase. But not all car insurance companies look at DUI convictions the same way. In short, some companies offer lower rates than others. SmartFinancial's search tool can help you find the insurance companies near you that offer lower rates for drivers with DUI convictions.

Can I Register My Car Without Insurance in Memphis?

When the motor vehicle registration on a car is valid, your liability insurance coverage on the car also needs to be current and in full effect. These items are important and must be up-to-date. This is true even if you do not use the car. The insurance must be issued by an insurance company authorized by the Tennessee Department of Commerce and Insurance and certified by the Tennessee State DMV. In addition, the insurance for your car must be issued in the name of the vehicle registrant. So the driver who registers the car also must sign up for the car's insurance.

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