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open/ TN/ memphis

Cheapest car insurance in Memphis, Tennessee

Tennessee requires minimum liability coverage of 25/50/15. Rates below are monthly estimates for the 25-55 driver, Full coverage, Fair credit bracket.

Filed per-carrier data
Methodology → All of Tennessee →

Pulled directly from carrier rate filings for this city.

With 621,056 residents, Memphis sits in the mid-size band where carriers file rates regularly but the field of insurers is a bit shorter than in a major metro. Insurers are moderately spread out in Memphis, about 23% between the cheapest and priciest filed rate, so shopping around still moves the number. On average, drivers here pay about 32% more than the national baseline we track.

What do you pay now?
#InsurerPosition in spreadMonthly
01 Auto-OwnersFiled rate, credit/record adjusted $243.76
02 GEICOFiled rate, credit/record adjusted $255.23
03 Tennessee Farm BureauFiled rate, credit/record adjusted $270.22
04 FarmersFiled rate, credit/record adjusted $286.34
05 ErieFiled rate, credit/record adjusted $292.85
06 NationwideFiled rate, credit/record adjusted $315.06
Rate explainer
Why is your best rate $243.76 and not $209.31?

Memphis is priced against 6 insurers for the 25-55 driver, Full coverage, Fair credit bracket. Below is every step from the national baseline to your best filed rate.

City vs national baseline, adult/full +$14.27
Age bracket, 25-55 +$0.00
Coverage, Full coverage +$0.00
Credit tier, Fair (modeled) +$53.66
Driving record, Clean (modeled) +$0.00
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About these numbers

Rows marked filed come from a per-carrier, per-city import. Rows marked state-average estimate are built by spreading a statewide average across insurers until real per-city data is imported. Credit tier and driving record are always modeled adjustments, never filed. Your real premium depends on your record, exact address and chosen limits.