Memphis Car Insurance - Tennessee
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How much is car insurance in Memphis?
''Memphis ranks 33rd out of America's largest cities for an average cost of car insurance,'' said CarInsurance.com analyst Penny Gusner. ''A Memphis driver can expect to pay around $1,365 a year for basic liability coverage.''
Why is car insurance so expensive in TN?
We all know Tennessee is one of the most beautiful states to live in. It's also home to some really nice, down-to-earth people. However, as much as we love it here and how much we enjoy our surroundings and the climate, there is a serious problem: insurance rates for car owners are very high.
What is the average cost of car insurance in Tennessee?
Tennessee is consistently one of the most expensive states for car insurance.
What car insurance is required in TN?
The TN Driver's Manual states that liability insurance is required on all vehicles but doesn't specify minimum coverage amounts, so I'm assuming that the state only requires the bare minimum to avoid a penalty for operating without insurance. I can't find anything stating otherwise online, though. The TN Driver's Manual states that liability insurance is required on all vehicles but doesn't specify minimum coverage amounts, so I'm assuming that the state only requires the bare minimum to avoid a penalty for operating without insurance. I can't find anything stating otherwise online, though.
Memphis Cheapest Companies
| Cheapest Companies | Quotes |
|---|---|
State Farm | $104/mo |
Allstate | $115/mo |
Direct Auto | $203/mo |
The General | $217/mo |
Around Cities
Tennessee Cities | |
|---|---|
| Knoxville | $112/mo |
| Chattanooga | $124/mo |
| Clarksville | $120/mo |
| Murfreesboro | $126/mo |
| Memphis | $159/mo |
| Tennessee | $130/mo |
Memphis Best Companies
| Best Companies | Score ? | Quotes ? |
|---|---|---|
American Family | 89 | $177/mo |
Nationwide | 89 | $265/mo |
Safeco | 86 | $199/mo |
Liberty Mutual | 82 | $290/mo |
Travelers | 80 | $179/mo |
Memphis Drivers by Age
| Driver Age | Avg. Monthly Cost |
|---|---|
| teens | $407 |
| 20s | $279 |
| 30s | $237 |
| 40s | $241 |
| 50s | $191 |
| 60s | $163 |
| 70s | $186 |
| 80s | $211 |
Driving History
| Driving History | Avg. Monthly Cost |
|---|---|
| No Violation | $232 |
| Speeding Ticket | $283 |
| At-Fault Accident | $316 |
| Failure to Stop for Red Light / Stop Sign | $290 |
Memphis Scores
| Credit Tie | Avg. Monthly Cost |
|---|---|
| Excellent | $203 |
| Good | $228 |
| Average | $240 |
| Poor | $271 |
Memphis Ratings
| Cities with Most DUIs Rank | #34 |
| Cities with Most Moving Violations Rank | #37 |
| Most Popular Car in state | Nissan Altima |
| Cities with Most Speeding Tickets Rank | #26 |
| Cities with Most Suspended Licenses Rank | #7 |
Averages
| Memphis Average (annual) | Tennessee Average | National Average |
| $1963 | $1568 | $1545 |
Group by Genders
| Marital Status/Gender | Average Yearly Rate |
| Female | $1918 |
| Male | $1971 |
| Single | $1804 |
| Married | $1797 |
| Divorced | $1946 |
| Widowed | $1904 |
Violations
| Incident | Average Annual Rate |
| DWI/DUI | $2874 |
| Reckless Driving | $3026 |
| $1009 | $2597 |
| $2015 | $2822 |
| Speeding Ticket (16-20 mph over speed limit) | $2387 |
Memphis Info
| Major Highways | I-40,I-55,I-240 |
| Public Transit | MATA Bus,MATA Trolley,MATA Plus |
| Toll Roads | U.S. 36 Express Lane,, |
Memphis Zipcodes
- 37501
- 37544
- 38101
- 38103
- 38104
- 38105
- 38106
- 38107
- 38108
- 38109
- 38110
- 38111
- 38112
- 38113
- 38114
- 38115
- 38116
- 38117
- 38118
- 38119
- 38120
- 38122
- 38124
- 38125
- 38126
- 38127
- 38128
- 38130
- 38131
- 38132
- 38133
- 38134
- 38135
- 38136
- 38137
- 38141
- 38142
- 38145
- 38147
- 38148
- 38150
- 38151
- 38152
- 38157
- 38159
- 38161
- 38163
- 38165
- 38166
- 38167
- 38168
- 38173
- 38174
- 38175
- 38177
- 38181
- 38182
- 38184
- 38186
- 38187
- 38188
- 38190
- 38193
- 38194
- 38197
Other cities of same state
Other cities from different states
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $64 |
| Multi-vehicle | $61 |
| Homeowner | $17 |
| 5-yr Accident Free | $81 |
| 5-yr Claim Free | $86 |
| Paid in Full/EFT | $47 |
| Advance Quote | $66 |
| Online Quote | $94 |
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Discounts are estimated and may not be available from every company or in every state.
