Car Insurance in Memphis, TN
The average cost of Tennessee car insurance will vary from city to city and between insurance companies. Insurify analyzed the latest insurance rates in Memphis, TN to find you the cheapest quotes in the area.
Cheapest Car Insurance in Memphis, TN
Here are the cheapest carriers in Memphis for the following user profile: a single, 30 year old male with a clean driving record who drives a 2012 Honda Accord and pays a $1,000 deductible for the state’s minimum liability insurance.
| Companies | Quotes |
|---|---|
State Farm |
$104 /mo |
Allstate |
$114 /mo |
Direct Auto |
$203 /mo |
The General |
$216 /mo |
Best Car Insurance in Memphis, TN
The Insurify Composite Score is calculated by analyzing multiple factors that indicate the quality, reliability, and health of an insurance company. Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings, Consumer Reports customer satisfaction surveys, mobile app reviews, and user-generated carrier reviews. The following are the top rated carriers that offer car insurance in Memphis. For the complete list, see Insurify's best car insurance companies.
| Companies | Score | Quotes |
|---|---|---|
|
Allstate |
86
|
$114 /mo |
|
State Farm |
83
|
$104 /mo |
Average Car Insurance Cost
| Tennessee Cities | |
|---|---|
| Knoxville |
$112/mo |
| Chattanooga |
$125/mo |
| Clarksville |
$120/mo |
| Murfreesboro |
$125/mo |
| Memphis |
$159/mo |
| Tennessee |
$128/mo |
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Memphis, TN Driving Facts
Minimum Car Insurance Requirements in TN
All motor vehicles operated or parked on Tennessee roadways are required to be insured. The minimum liability car insurance requirements for private passenger vehicles in Tennessee are as follows:
- $30,000 per person/$60,000 per accident for Bodily Injury (BI)
Bodily injury liability coverage protects drivers if their car is involved in an accident that harms another individual. The minimum limits required by Tennessee state law are $30,000 for the death or injury of a single victim as a result of a car accident and $60,000 for the deaths or injuries of multiple victims. Insurance companies list this type of coverage as 30/60, referring to the dollar limitations of each minimum. If you’re in an accident, liability coverage will cover the cost of a legal proceeding as a result of a crash. Bodily injury coverage is part of the minimum coverage required by Tennessee law.
- $15,000 per accident for Property Damage (PD)
The state minimum amount of property damage liability coverge required in the state of Tennessee is $15,000. If an insured driver is determined to be at fault and held liable in a motor vehicle accident, this coverage pays for damage repair to another individual’s property. Property damage coverage will also pay for legal costs if an insured driver is involved in a lawsuit following an accident.
Insurify Rankings
Using a proprietary dataset of over 1.6 million car insurance shopper applications, the data scientists at Insurify have run various studies on driver behavior across geographical locations, age ranges, motor vehicle registration, and other variables all related to auto insurance coverage.
We’ve been able to determine the speediest cities in the nation, the most popular cars among age groups, and the occupations with the worst drivers, among other insightful reports. We’ve also launched annual awards campaigns to congratulate the communities across the country who have excelled in environmentally friendly initiatives, educational attainment, and other areas.
Here's how Memphis stacks up for the state of Tennessee:
Memphis, TN
Suspended Licenses Rank
FAQs - Memphis, TN Car Insurance
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