Cheapest Car Insurance In Memphis, TN 2025
Mile Auto offers the cheapest liability-only car insurance in Memphis, with an average rate of $66 a month.
We’ve saved shoppers an average of $600 per year on their car insurance.
When scouring for the cheapest car insurance in Memphis, TN, the options can vary greatly.
For those seeking the cheapest liability-only coverage, Mile Auto emerges as the most affordable option. Meanwhile, drivers looking for more comprehensive protection find that Mile Auto offers the best rates for full coverage policies. While Erie offers the cheapest car insurance rates for young drivers.
Key Takeaways
Memphis’ cheapest liability-only car insurance company is Mile Auto.
Car insurance in Memphis costs an average of $142 per month.
To get the lowest rates, shop around and compare quotes from multiple carriers.
Cheapest Liability-Only Car Insurance In Memphis – Mile Auto
Mile Auto is the cheapest car insurance company for minimum coverage car insurance in Memphis, with an average monthly cost of $66.
Use the table below to compare rates across different insurance providers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $72 | $864 |
| GEICO | $78 | $936 |
| Mile Auto | $66 | $792 |
| State Farm | $74 | $888 |
| USAA | $69 | $828 |
Cheapest Full Coverage Insurance In Memphis – Mile Auto
Mile Auto has the cheapest car insurance rates for full coverage. Their quotes average $121 a month in Memphis.
The table below compares average auto insurance quotes from affordable insurers in Memphis.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $128 | $1,536 |
| GEICO | $134 | $1,608 |
| Mile Auto | $121 | $1,452 |
| State Farm | $139 | $1,668 |
| Tennessee Farm Bureau | $126 | $1,512 |
Cheapest Car Insurance For Senior Drivers – Auto-Owners
Auto-Owners offers the cheapest car insurance policy for seniors in Memphis, at an average rate of $89 a month.
The below table shows average quotes from the cheapest auto insurers for seniors.
| Provider | Average Monthly Cost | Average Annual Cost |
| Allstate | $94 | $1,128 |
| Auto-Owners | $89 | $1,068 |
| GEICO | $92 | $1,104 |
| Progressive | $96 | $1,152 |
| State Farm | $90 | $1,080 |
Cheapest Car Insurance In Memphis For Teenagers – Erie
Teenage drivers in Memphis can find the cheapest quotes from Erie, with average monthly premiums of $298.
The table below shows the companies with the cheapest insurance rates for teenagers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Allstate | $312 | $3,744 |
| Erie | $298 | $3,576 |
| GEICO | $321 | $3,852 |
| Progressive | $334 | $4,008 |
| State Farm | $307 | $3,684 |
Find Affordable Memphis Rates
Cheapest Car Insurance In Memphis After A Speeding Ticket – State Farm
State Farm offers the cheapest car insurance in Memphis, with average rates of $139 a month for drivers who have a speeding ticket on their record.
You can use the table below to find average rates for drivers with a speeding ticket.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $141 | $1,692 |
| GEICO | $148 | $1,776 |
| Nationwide | $152 | $1,824 |
| State Farm | $139 | $1,668 |
| Travelers | $145 | $1,740 |
Cheapest For Drivers With After At-Fault Accident – Auto-Owners
Auto-Owners offers the cheapest car insurance quotes for drivers with an at-fault incident, with an average rate of $138 per month.
Here are the car insurance companies with the cheapest rates for drivers with an at-fault accident on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $138 | $1,656 |
| GEICO | $147 | $1,764 |
| Nationwide | $152 | $1,824 |
| Progressive | $161 | $1,932 |
| State Farm | $143 | $1,716 |
Cheapest Rates In Memphis For Drivers After A DUI – Tennessee Farm Bureau
Tennessee Farm Bureau offers the cheapest rates for drivers after a DUI in Memphis, with average monthly premiums of $148.
Drivers in Memphis with a DUI can find the cheapest rates in the table below.
| Provider | Average Monthly Cost | Average Annual Cost |
| Allstate | $172 | $2,064 |
| Auto-Owners | $158 | $1,896 |
| Progressive | $184 | $2,208 |
| State Farm | $166 | $1,992 |
| Tennessee Farm Bureau | $148 | $1,776 |
Best Car Insurance Companies In Memphis
Drivers in Memphis can find the most affordable insurance with USAA for $149 a month. Memphis drivers might want to also consider GEICO at $159 a month, or Auto-Owners at $161 per month.
Shown below are the top 10 car insurance companies in Memphis, TN, ranked by the average monthly rate they offer.
| Company | Monthly Premium |
| Allstate | $174 |
| Auto-Owners | $161 |
| Direct Auto | $168 |
| Farmers Insurance | $172 |
| GEICO | $159 |
| Liberty Mutual | $188 |
| Nationwide | $165 |
| Progressive | $177 |
| State Farm | $163 |
| USAA | $149 |
Average Car Insurance Cost In Memphis
Car accident statistics, weather patterns and other area-specific factors all influence car insurance costs, meaning that what you pay for car insurance in one area will be different to what you pay in another area.
According to our latest research, the average cost of car insurance in Memphis is $142 per month, compared to the Tennessee state average of $138, and the national average of $172 per month.
| Area | Average Monthly Rate |
| National | $172 |
| Tennessee | $138 |
| Memphis | $142 |
Average Auto Insurance Rates In Memphis – By Age
Age is a key determinant in car insurance rate calculations. Typically, younger drivers encounter higher insurance premiums due to their lack of experience and statistically higher likelihood of accidents and traffic violations. Teenagers can expect to pay around $6,845 per year for car insurance.
As drivers reach 25 years old, their rates usually begin to decrease, assuming they maintain a clean driving record.
The most competitive insurance rates are often offered to drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk, which in turn influences the cost of premiums.
| Age | Average Yearly Rate |
| Teenagers | $6,845 |
| 20s | $3,045 |
| 30s | $2,785 |
| 40s | $2,635 |
| 50s | $2,495 |
| 60s | $2,415 |
| 70s | $2,585 |
Average Car Insurance Rates In Memphis – By Vehicle
The type of vehicle you own plays a significant role in determining your car insurance costs. Insurance companies take into account factors such as the make, model, year, and body type of the car. Typically, newer vehicles, particularly luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.
You can use the table below to find average rates in Memphis for different vehicles.
| Vehicle | Average Monthly Rate |
| Chevrolet Traverse | $218 |
| Dodge Challenger | $236 |
| Hyundai Sonata | $207 |
| Nissan Pathfinder | $223 |
| Volkswagen Passat | $211 |
Find Affordable Memphis Rates
Average Cost Of Auto Insurance In Memphis – By Zip Code
Zip codes help insurers to determine crime rates in your area. Therefore, each zip code has different car insurance rates.
You can use the table below to find average insurance rates for different zip codes in Memphis.
| Zip Code | Average Monthly Rate |
| 38127 | $191 |
| 38111 | $203 |
| 38109 | $197 |
| 38141 | $188 |
| 38104 | $200 |
How Much Is Car Insurance In Other Cities In Tennessee?
The city in which you live greatly influences your car insurance rates. Insurance companies evaluate numerous factors associated with your location, including the probability of accidents, vehicle theft, and vandalism rates, which are generally higher in urban areas. This heightened risk often results in higher premiums.
For example, drivers in Columbia can expect to pay around $132 per month for car insurance, while residents of Nashville pay an average rate of $148 per month.
| City | Average Monthly Rate |
| Bartlett | $136 |
| Columbia | $132 |
| Jackson | $138 |
| Nashville | $148 |
FAQs
Who has the lowest car insurance rates in Memphis?
The lowest car insurance rates in Memphis are offered by Mile Auto for the minimum coverage required by the State of Tennessee and Mile Auto for full coverage, which includes comprehensive and collision coverage.
What is the average cost of car insurance in Memphis?
The average cost of car insurance in Memphis is about $142 per month. Rates will vary based on your zip code, year and model of car, driving record, etc.
Our Methodology
Drawing upon a comprehensive analysis that encompasses multiple facets such as customer service ratings, product options, pricing, and a thorough evaluation of various online review sites and user experience, I've crafted an in-depth view of the landscape of car insurance providers in Memphis, TN.
Quotes Analyzed
Brands Reviewed
Years Of Experience
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