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Playing it safe while driving—even when you see a semi-celebrity—is important. Just as important is doing a double-take to be sure you always have the right kind of insurance with you while riding the bluesy backroads of this famous town.
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.
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.
| Cheapest Companies | |
|---|---|
 State Farm | $104/mo |
 Allstate | $114/mo |
 Direct Auto | $203/mo |
 The General | $216/mo |
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.
| Best Companies | ||
|---|---|---|
 American Family | $175/mo | |
 Nationwide | $264/mo | |
 Safeco | $196/mo | |
 Liberty Mutual | $291/mo | |
 Travelers | $179/mo |
| Knoxville | $112/mo |
| Chattanooga | $125/mo |
| Clarksville | $120/mo |
| Murfreesboro | $125/mo |
| Memphis | $159/mo |
| Tennessee | $128/mo |
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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:
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.
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.
While younger motorists may enjoy Memphis’s up-all-night music scene, the benefits of being an older driver here are clear. Because younger drivers statistically make more driving mistakes, they pay more in insurance premiums monthly than those their grandparents’ age and older. In Memphis, drivers in their 60s pay an average of 72 percent less for car insurance than those in their 20s. Not to worry. By the time they hit their 30s, these same 20-year-olds who are now paying an average of $279 per month for insurance will see their rates drop to an average of just $233.
| Driver's Age | |
|---|---|
| teens | $404 |
| 20s | $280 |
| 30s | $234 |
| 40s | $241 |
| 50s | $191 |
| 60s | $163 |
| 70s | $185 |
| 80s | $209 |
| Driving History | |
|---|---|
| No Violation | $229 |
| Speeding Ticket | $280 |
| At-Fault Accident | $313 |
| Failure to Stop for Red Light / Stop Sign | $289 |
Your driving record has a lot to do with how much you pay in car insurance because it helps represent your risk. A clean driving record in Memphis reflects good judgment and means that (at least for now) you aren’t burdening the car insurance company with any claims. But once you make a driving mistake, your risk and policy payment are likely to increase. For example, clean-record drivers pay an average of $228 in monthly insurance premiums. In comparison, those whose record is marred by an at-fault accident can expect to pay an average of $84 more monthly.
It seems like everyone is keeping score these days, even car insurance companies. They calculate how much you’ll pay partly by using your auto insurance score. This score is based on your credit rating and reveals to the insurer the amount of risk you carry. If you haven’t paid attention to your credit history, getting a better car insurance rate may be one reason to look into things. If you have an excellent credit score in Memphis, you can expect your insurance policy to top out at an average of $200 monthly. Those with a poor score pay almost $70 more monthly, at an average of $269.
| Credit Tie | |
|---|---|
| Excellent | $201 |
| Good | $228 |
| Average | $241 |
| Poor | $270 |
Have a few minutes at lunch to renew your driver’s license? In Memphis, you can actually go online and keep track of the wait times at area DMVs. However, like most cities, it’s recommended you get an appointment to make the best use of your time. If you are looking for REAL ID services in Memphis, a new program was just rolled out that allows you to go online and virtually save your place at a DMV by selecting an e-ticket. If you are in need of tags, county clerks across the state are responsible for taking care of those transactions. Although there are seven county clerk branch offices, the fastest way to take care of a registration renewal in Memphis is online.
No car? No problem. Here in Memphis there’s a lot of other ways to get around. The MATA (Memphis Area Transit Authority) bus system covers over 300 square miles and can get you nearly anywhere in the city. Besides ridesharing and traditional taxi services, don’t forget to take advantage of some of the free tour buses set up to take travelers to top music and other tourist destinations, including Graceland, Sun Studio, and common restaurant routes. And there’s all sorts of bike action going on, with several different bikeshare programs to choose from throughout a city that was named America’s Most Improved Bicycle City by Bicycling magazine.
There are actually over 44 Elvis impersonators…ahem…Tribute Artists listed in Memphis. That’s a lot of personalities to go through to get the best one for your gig.
If you’ve ever thought about comparing insurance companies, you probably know that there are hundreds to choose from—way too many to just pick up the phone and call. Insurify makes the insurance company auditioning process a whole lot easier by zeroing in on the cheapest car quotes for your profile, fast.
Drawing from their database of over 4 million car insurance shopper applications, the data scientists at Insurify have published various reports on driver behavior and car ownership — including how Memphis drivers measure up to their fellow Tennessee motorists in the rankings above.
From driver performance across different geographical locations and demographics to patterns in motor vehicle ownership and auto insurance coverage, Insurify Insights publishes data-driven articles, trend analyses, and national and local rankings each week on all factors related to cars and those who drive them.
While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Memphis drivers rank 29 in the number of car accidents per driver across all cities in Tennessee.
Exceeding the speed limit can endanger others and leave a permanent stain on your driving record. When compared to other cities in Tennessee, Memphis drivers rank 26 in the number of speeding infractions per driver.
While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Memphis drivers rank 34 in the number of DUI’s per driver across all cities in Tennessee.
Some car models are just more popular than others and trends can vary from place to place. The most popular vehicle in Memphis is the Nissan Altima.
The Insurify team classifies rude drivers as those who commit the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-runs. Among all cities in Tennessee, Memphis drivers rank 5 in rude driving infractions.
Having a squeaky-clean driving record is an accomplishment to be proud of. Some cities have safer drivers than others; Memphis drivers rank 2 in clean driving records across all cities in Tennessee.
Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Memphis drivers rank 8 in failure to yield violations per driver across all cities in Tennessee.
Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Among all cities in Tennessee, Memphis drivers rank 10 in the number of reckless driving offenses per driver.
As auto manufacturers increasingly turn towards producing greener car models, more and more motorists are embracing hybrids and EV’s. Memphis drivers rank 10 in hybrid and electric vehicle ownership across all cities in Tennessee.
The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.
