Cheapest Car Insurance In Memphis, TN 2025
With an average rate of $31 a month, State Farm provides the most cost-effective minimum coverage in Memphis.
We’ve saved shoppers an average of $600 per year on their car insurance.
Searching for budget-friendly car insurance in Memphis, TN, reveals a wide variety of pricing.
State Farm ranks first for the lowest liability-only premiums. GEICO offers the best full coverage rates, while Safeco is the cheapest option for young drivers.
Cheapest Car Insurance Companies In Memphis, TN 2025
Cheapest Liability-only Car Insurance In Memphis: State Farm
Memphis drivers can secure the cheapest minimum coverage through State Farm, with an average monthly premium of $31.
The table below shows how rates differ between several insurance companies.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $31 | $372 |
| Erie | $44 | $528 |
| GEICO | $40 | $480 |
| Allstate | $55 | $660 |
| Nationwide | $74 | $888 |
Cheapest Full Coverage Insurance Rates In Memphis: GEICO
At $83 per month on average, GEICO offers Memphis’ most budget-friendly full coverage rates.
Use the table below to compare average quotes from Memphis’ most affordable auto insurance companies.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $83 | $996 |
| Erie | $91 | $1,092 |
| Travelers | $87 | $1,044 |
| Allstate | $114 | $1,368 |
| Nationwide | $151 | $1,812 |
Cheapest Car Insurance Rates For Seniors: State Farm
Seniors in Memphis will find the best rates from State Farm, with average car insurance costs of $99 per month.
Use the table below to compare average rates from budget-friendly auto insurance companies for seniors.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $99 | $996 |
| Direct Auto | $104 | $1,248 |
| Penn National | $103 | $1,236 |
| Tennessee Farmers | $108 | $1,296 |
| Nationwide | $110 | $1,320 |
Cheapest Rates In Memphis For Teenagers: Direct Auto
With average monthly rates of $135, Direct Auto offers Memphis’ most affordable car insurance for teens.
Use the table below to find the best-value car insurance providers for teen drivers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Direct Auto | $135 | $1,620 |
| Safeco | $243 | $2,916 |
| USAA | $209 | $2,508 |
| Auto-Owners | $291 | $3,492 |
| State Farm | $250 | $3,000 |
Cheapest Auto Insurance For Young Adults in Memphis: Safeco
Young adults can find Memphis most affordable car insurance at Safeco, averaging $128 monthly.
Compare the most affordable car insurance options for young adults in Memphis using the table below.
| Provider | Average Monthly Cost | Average Annual Cost |
| Safeco | $128 | $1,536 |
| Direct Auto | $176 | $2,112 |
| USAA | $140 | $1,680 |
| Direct General | $184 | $2,208 |
| State Farm | $178 | $2,136 |
Cheapest Car Insurance In Memphis For Good Drivers: State Farm
Good drivers in Memphis can get the best-value car insurance from State Farm, with typical rates of $31 per month.
Good drivers can use the comparison table below to find average rates from budget-friendly insurance companies.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $31 | $372 |
| Erie | $44 | $528 |
| GEICO | $40 | $480 |
| Allstate | $55 | $660 |
| Nationwide | $74 | $888 |
Find affordable Memphis rates
Cheapest Car Insurance In Memphis After A Speeding Ticket: GEICO
GEICO delivers some of the cheapest premiums in Memphis, costing $54 monthly for drivers with a speeding ticket.
Use the chart below to review average insurance rates for drivers with a speeding ticket.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $54 | $648 |
| Auto-Owners | $57 | $684 |
| Mile Auto | $73 | $876 |
| Nationwide | $100 | $1,200 |
| Erie | $61 | $732 |
Cheapest For Drivers With After At-Fault Accident: GEICO
In the event of an at-fault accident, GEICO offers the lowest rates, averaging $56 per month.
Below, you’ll find the car insurance companies offering the most affordable rates for drivers with an at-fault accident.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $56 | $672 |
| Auto-Owners | $59 | $708 |
| Farmers | $84 | $1,008 |
| Nationwide | $105 | $1,260 |
| Chubb | $120 | $1,440 |
Cheapest Rates In Memphis For Drivers After A DUI: GEICO
Memphis drivers with a DUI will find the lowest average premiums of $67 per month with GEICO.
The following table displays affordable insurance rates for Memphis drivers with a DUI.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $67 | $804 |
| Allstate | $91 | $1,092 |
| Travelers | $70 | $840 |
| Nationwide | $124 | $1,488 |
| Chubb | $144 | $1,728 |
Best Car Insurance Companies In Memphis
Memphis’s most budget-friendly insurance is from State Farm at $31 a month. GEICO and Erie are also affordable at $40 and $44.
Here are the 10 leading car insurance providers in Memphis, TN ranked by their average monthly premiums.
| Company | Monthly Premium |
| State Farm | $31 |
| Erie | $44 |
| GEICO | $40 |
| Allstate | $55 |
| Nationwide | $74 |
| Travelers | $45 |
| Mile Auto | $55 |
| Farmers | $61 |
| Progressive | $82 |
| Chubb | $87 |
Average Auto Insurance Rates In Memphis – By Age
Age is one of the most important factors in car insurance pricing. Young drivers, especially teenagers, pay more because they are statistically more likely to have accidents. On average, teens spend about $4,319 annually on car insurance.
Turning 25 often brings lower car insurance rates, but only for those with a clean driving history.
The lowest insurance premiums are often reserved for drivers in their 50s and 60s, as age is a key factor in evaluating driving risk and experience.
| Age | Average Yearly Rate |
| Teenagers | $4,319 |
| 20s | $2,675 |
| 30s | $1,936 |
| 40s | $1,806 |
| 50s | $1,624 |
| 60s | $1,615 |
| 70s | $1,613 |
Average Rates In Memphis – By Vehicle
The make, model, and age of your car significantly affect your insurance rate. Insurers typically charge higher premiums for newer luxury vehicles because of their costly repairs and advanced technology.
Use the table below to compare average insurance rates for different vehicles in Memphis.
| Vehicle | Average Monthly Rate |
| Chevrolet Tahoe | $71 |
| Nissan Altima | $160 |
| Kia Sorento | $119 |
| Jeep Compass | $220 |
| Mazda Tribute | $130 |
Average Cost Of Auto Insurance In Memphis – By Zip Code
ZIP codes help insurers analyze neighborhood risks, leading to varying car insurance rates based on your area.
Use the table below to explore average rates by ZIP code for car insurance in Memphis.
| City | Average Monthly Rate |
| 38108 | $137 |
| 38115 | $163 |
| 38116 | $174 |
| 38118 | $181 |
| 38106 | $166 |
How Much Is Car Insurance In Other Cities in Tennessee?
Your city of residence is a key factor in your insurance rates. Urban areas, which are prone to higher accident, theft, and vandalism rates, usually come with higher premiums.
Clarksville drivers typically spend $130 per month on car insurance, whereas those in Kingsport average $92 monthly.
| City | Average Monthly Rate |
| Franklin | $115 |
| Crossville | $105 |
| Jackson | $120 |
| Cookeville | $98 |
| Morristown | $105 |
| Clarksville | $130 |
| Maryville | $112 |
| Chattanooga | $111 |
| Kingsport | $92 |
| Cleveland | $97 |
Find affordable Memphis rates
Our Methodology
I’ve created an in-depth analysis of car insurance providers in Memphis, TN by reviewing customer experiences, coverage offerings, prices, and user feedback from various platforms.
Quotes Analyzed
Brands Reviewed
Years Of Experience
Research Hours
FAQs
Who has the lowest car insurance rates in Memphis?
Memphis drivers can get the lowest minimum coverage rates from State Farm, while GEICO provides the most affordable full coverage with comprehensive and collision..
What is the average cost of car insurance in Memphis?
Memphis drivers typically pay around $160 per month for car insurance, though rates vary with factors like ZIP code, vehicle model, and driving record.
