+120 more*These quotes are from Compare.com users in and around Memphis, Tennessee within the last 10 days. Updated on June 23, 2026
*These quotes are from Compare.com users in and around Memphis, Tennessee within the last 10 days. Updated on June 23, 2026
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Senior Director, Media Relations, with Triple-I
30+ years of industry experience
Leadership positions at several trade organizations
Updated
Finding affordable car insurance in Memphis can feel overwhelming, especially since rates are higher than statewide average. Our data shows that the average driver in Memphis pays $149 per month for car insurance.
Local factors like population density and crime rates likely contribute to the city’s higher prices — Memphis ranks as Tennessee’s second most populated city.[1] Still, many companies offer policies well below the citywide average.
For example, Sun Coast, Mile Auto, and State Farm offer the lowest average rates, with Sun Coast offering the cheapest of any area insurer.
In this article, we’ll break down the cheapest insurers for different driver types, how to pick the right company, and tips for saving on car insurance in Memphis.
Sun Coast offers Memphis’ lowest average rate, at $70 per month.
Memphis drivers pay an average of $99 per month for liability coverage and $198 for full coverage.
Tennessee requires drivers to have at least 25/50/15 in liability insurance.
Regardless of average rates in Memphis, you can still find ways to save on your car insurance. Several companies offer rates well below the citywide average.
The table below shows the cheapest insurers in Memphis, according to Compare.com data.
Company  | Average Monthly Premium |
|---|---|
| Sun Coast | $70 |
| Mile Auto | $72 |
| State Farm | $72 |
| Certainly | $79 |
| Progressive | $79 |
| Direct Auto | $80 |
| USAA | $85 |
| Freedom National | $86 |
| AssuranceAmerica | $92 |
| GEICO | $94 |
| The General | $97 |
| Travelers | $97 |
| Auto-Owners | $98 |
| Trexis | $103 |
| Erie | $104 |
| Safeco | $112 |
| GAINSCO | $116 |
| Trexis One | $116 |
| Dairyland | $124 |
| Mendota | $124 |
| National General | $125 |
| First Acceptance | $128 |
| Allstate | $131 |
| Insurify Car | $139 |
| Farmers | $142 |
| Liberty Mutual | $143 |
| Bristol West | $148 |
| Foremost | $148 |
| Root | $149 |
| Elephant | $152 |
| Nationwide | $174 |
| Hugo | $185 |
| Chubb | $203 |
| State Auto | $271 |
Sun Coast offers the cheapest average car insurance rate, at $70 per month.
But these broad averages are just that — averages. In the following sections, we’ll break down the cheapest companies by various rating factors, including coverages and driver types.
While the above companies are a good starting point, your personal rates can vary widely based on factors like your age, driving record, address, and more. That’s why it’s so important to compare rates for drivers with a similar profile.
The table below shows the cheapest companies for different driver profiles and coverages, according to our data.
Driver/Coverage Type | Cheapest Insurer | Insurer’s Average Monthly Premium |
|---|---|---|
| State-minimum coverage | Sun Coast | $70 |
| Full coverage | Sun Coast | $134 |
| Teens | Sun Coast | $138 |
| Seniors | Sun Coast | $62 |
| Drivers with a speeding ticket | Sun Coast | $93 |
| Drivers with an at-fault accident | Sun Coast | $99 |
| Drivers with a DUI | Sun Coast | $105 |
| Drivers with excellent credit | Sun Coast | $63 |
| Drivers with poor credit | Sun Coast | $86 |
We’ve included further breakdowns for each driver type in the subsections below.
Policies in Memphis start as low as $70 per month.
Tennessee requires all drivers to have a minimum amount of liability coverage (we’ll cover this in more detail later). State-minimum coverage pays for repair costs and medical expenses for the other driver when you cause an accident.
The average rate for minimum coverage in Memphis is $99 per month, according to Compare.com data. But most experts recommend purchasing more coverage than the state requires to protect your assets in case of a serious at-fault accident.[2]
But if you need only bare-bones coverage that meets Tennessee’s minimum requirement, the chart below highlights the five cheapest companies in the city, according to our data.
Company | Average Monthly Premium |
|---|---|
| Sun Coast | $70 |
| Mile Auto | $72 |
| State Farm | $72 |
| Certainly | $79 |
| Progressive | $79 |
| Direct Auto | $80 |
| USAA | $85 |
| Freedom National | $86 |
| AssuranceAmerica | $92 |
| GEICO | $94 |
| The General | $97 |
| Travelers | $97 |
| Auto-Owners | $98 |
| Trexis | $103 |
| Erie | $104 |
| Safeco | $112 |
| GAINSCO | $116 |
| Trexis One | $116 |
| Dairyland | $124 |
| Mendota | $124 |
| National General | $125 |
| First Acceptance | $128 |
| Allstate | $131 |
| Insurify Car | $139 |
| Farmers | $142 |
| Liberty Mutual | $143 |
| Bristol West | $148 |
| Foremost | $148 |
| Root | $149 |
| Elephant | $152 |
| Nationwide | $174 |
| Hugo | $185 |
| Chubb | $203 |
| State Auto | $271 |
Most drivers should consider full coverage for more robust protection. It typically includes comprehensive and collision coverage in addition to the state’s minimum requirements.
Plus, if you finance or lease your car, your lender or leasing company will most likely require you to purchase full coverage.[3]
The average rate for full coverage in Memphis is $198 per month. But even with higher rates, several insurers tend to offer full coverage for close to the average liability price in Memphis.
The chart below shows the five cheapest insurers in Memphis for full coverage, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Sun Coast | $134 |
| Mile Auto | $137 |
| Progressive | $146 |
| State Farm | $153 |
| Direct Auto | $177 |
| USAA | $180 |
| GEICO | $201 |
| National General | $203 |
| Safeco | $203 |
| Travelers | $209 |
| Auto-Owners | $210 |
| Certainly | $221 |
| AssuranceAmerica | $222 |
| Erie | $224 |
| Trexis | $241 |
| Elephant | $250 |
| Root | $250 |
| Trexis One | $274 |
| The General | $277 |
| Liberty Mutual | $279 |
| Allstate | $280 |
| Mendota | $286 |
| GAINSCO | $288 |
| Farmers | $304 |
| Freedom National | $308 |
| Bristol West | $320 |
| First Acceptance | $337 |
| Dairyland | $364 |
| Foremost | $364 |
| Nationwide | $373 |
| Chubb | $437 |
| State Auto | $581 |
Teens have some of the most expensive rates of any age group, largely due to their lack of driving experience and higher likelihood of causing accidents. In fact, they’re nearly three times as likely to be in a fatal crash as drivers age 20 or older, according to the Centers for Disease Control and Prevention (CDC).[4]
Nationwide, the average teen pays nearly double that of someone 20 or older, according to our data. The average rate for teens in Memphis is $295 per month, but it’s still possible for teen drivers to find a good deal.
Here are the five cheapest insurers in Memphis for teens, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Sun Coast | $138 |
| State Farm | $145 |
| Mile Auto | $154 |
| Certainly | $156 |
| Progressive | $156 |
| Direct Auto | $162 |
| USAA | $164 |
| Freedom National | $170 |
| GEICO | $177 |
| The General | $182 |
| AssuranceAmerica | $198 |
| Erie | $200 |
| Trexis | $204 |
| Auto-Owners | $207 |
| Travelers | $210 |
| GAINSCO | $215 |
| Dairyland | $226 |
| Trexis One | $229 |
| Safeco | $236 |
| Root | $237 |
| Mendota | $245 |
| First Acceptance | $253 |
| National General | $259 |
| Liberty Mutual | $262 |
| Allstate | $269 |
| Bristol West | $274 |
| Insurify Car | $275 |
| Elephant | $285 |
| Farmers | $295 |
| Nationwide | $353 |
| Hugo | $356 |
| Chubb | $433 |
| State Auto | $679 |
Seniors tend to have the cheapest rates of any age group. That’s because older drivers typically have more experience, drive fewer miles, and are less likely to engage in risky behaviors, according to the Insurance Institute for Highway Safety (IIHS).[5]
Memphis seniors pay a monthly average rate of $132. Even though rates are already low, you can likely find a better deal from several companies.
The chart below shows the five cheapest companies in Memphis for seniors, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| State Farm | $57 |
| Mile Auto | $57 |
| Sun Coast | $62 |
| Direct Auto | $67 |
| USAA | $70 |
| Certainly | $70 |
| Progressive | $70 |
| AssuranceAmerica | $73 |
| GEICO | $76 |
| Freedom National | $76 |
| Auto-Owners | $78 |
| Travelers | $79 |
| Erie | $81 |
| The General | $84 |
| Trexis | $91 |
| Safeco | $99 |
| National General | $100 |
| GAINSCO | $101 |
| Trexis One | $103 |
| Dairyland | $107 |
| Allstate | $108 |
| Mendota | $110 |
| First Acceptance | $113 |
| Farmers | $114 |
| Liberty Mutual | $120 |
| Insurify Car | $123 |
| Bristol West | $125 |
| Elephant | $126 |
| Nationwide | $135 |
| Root | $139 |
| Chubb | $156 |
| Hugo | $163 |
| State Auto | $208 |
If a cop writes you a speeding ticket, expect your rates to go up the next time your policy renews. Tickets signal risky driving behavior, which indicates a higher likelihood of future claims.[6]
Our research shows just one speeding ticket causes average rates to increase by 28% nationwide.
In Memphis, drivers with a recent ticket pay an average rate of $198 per month, but several insurers offer lower rates.
Check out the five cheapest car insurance companies in Memphis for people with a recent ticket, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Mile Auto | $90 |
| Sun Coast | $93 |
| State Farm | $94 |
| Direct Auto | $104 |
| Certainly | $105 |
| Progressive | $105 |
| USAA | $113 |
| Freedom National | $115 |
| AssuranceAmerica | $121 |
| GEICO | $127 |
| Travelers | $130 |
| Auto-Owners | $132 |
| The General | $134 |
| Trexis | $137 |
| Erie | $142 |
| GAINSCO | $144 |
| Safeco | $152 |
| Trexis One | $155 |
| Dairyland | $159 |
| National General | $161 |
| Mendota | $165 |
| First Acceptance | $170 |
| Allstate | $175 |
| Root | $184 |
| Insurify Car | $185 |
| Farmers | $188 |
| Liberty Mutual | $188 |
| Elephant | $189 |
| Bristol West | $193 |
| Nationwide | $232 |
| Hugo | $243 |
| Chubb | $267 |
| State Auto | $371 |
Worse than a ticket, causing an accident can lead to a substantial multi-year increase since it also indicates to insurers that you’re more likely to file a claim later.
Our research shows that a single at-fault accident causes average rates to increase by 33% nationwide.
The average rate for people with a recent accident in Memphis is $211 per month, but you can often find a better deal with one of the five companies in the chart below.
Company | Average Monthly Premium |
|---|---|
| State Farm | $99 |
| Sun Coast | $99 |
| Mile Auto | $100 |
| Certainly | $112 |
| Progressive | $112 |
| Direct Auto | $113 |
| USAA | $118 |
| Freedom National | $122 |
| AssuranceAmerica | $127 |
| GEICO | $128 |
| Auto-Owners | $135 |
| Travelers | $136 |
| The General | $138 |
| Erie | $144 |
| Trexis | $146 |
| GAINSCO | $154 |
| Safeco | $161 |
| Trexis One | $164 |
| Dairyland | $170 |
| National General | $172 |
| Mendota | $175 |
| First Acceptance | $181 |
| Allstate | $182 |
| Root | $194 |
| Insurify Car | $197 |
| Liberty Mutual | $197 |
| Farmers | $197 |
| Bristol West | $203 |
| Elephant | $206 |
| Nationwide | $243 |
| Hugo | $255 |
| Chubb | $280 |
| State Auto | $384 |
A DUI conviction can skyrocket your premium more than a ticket or a car accident. Insurance companies view DUIs as extremely high-risk behaviors and will raise your rates for at least three years to offset that risk.
Average rates increase by an average of 59% nationwide after a DUI conviction, according to our data.
A DUI conviction can make it difficult to find coverage at all, as some insurers may refuse to cover drivers with DUI convictions. Fortunately, some insurers specialize in high-risk drivers, like people with DUIs.
The average rate for Memphis drivers with a DUI is $223 per month, but you’re not necessarily stuck with sky-high rates.
The chart below highlights the five cheapest insurers in Memphis for people with DUIs, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Sun Coast | $105 |
| Mile Auto | $106 |
| State Farm | $106 |
| Direct Auto | $118 |
| Certainly | $118 |
| Progressive | $118 |
| USAA | $125 |
| Freedom National | $129 |
| AssuranceAmerica | $135 |
| GEICO | $137 |
| Auto-Owners | $137 |
| The General | $138 |
| Travelers | $143 |
| Erie | $153 |
| Trexis | $154 |
| GAINSCO | $171 |
| Trexis One | $174 |
| Safeco | $175 |
| Dairyland | $182 |
| National General | $184 |
| Mendota | $186 |
| First Acceptance | $192 |
| Allstate | $193 |
| Insurify Car | $208 |
| Farmers | $209 |
| Liberty Mutual | $210 |
| Bristol West | $218 |
| Root | $219 |
| Elephant | $224 |
| Nationwide | $256 |
| Hugo | $272 |
| Chubb | $299 |
| State Auto | $383 |
Some insurance companies look at your credit history when calculating your rates. Insurers use something called a credit-based insurance score to assess your risk of filing a claim in the future.[7]
Drivers with poor credit pay 40% more than people with excellent credit scores, according to our data. The average rate for people with poor credit in Memphis is $183 per month. But not all companies use credit — some actually offer extremely affordable rates, regardless of your credit history. The following chart shows the five cheapest insurers in Memphis for drivers with bad credit.
Company | Average Monthly Premium |
|---|---|
| Sun Coast | $86 |
| Mile Auto | $88 |
| Certainly | $97 |
| Progressive | $97 |
| Direct Auto | $98 |
| State Farm | $103 |
| USAA | $103 |
| Freedom National | $106 |
| AssuranceAmerica | $113 |
| GEICO | $115 |
| The General | $119 |
| Travelers | $119 |
| Trexis | $126 |
| Safeco | $137 |
| GAINSCO | $142 |
| Trexis One | $142 |
| Auto-Owners | $146 |
| Erie | $151 |
| Dairyland | $152 |
| Mendota | $152 |
| National General | $153 |
| First Acceptance | $157 |
| Allstate | $161 |
| Liberty Mutual | $170 |
| Insurify Car | $171 |
| Farmers | $174 |
| Bristol West | $181 |
| Root | $183 |
| Elephant | $186 |
| Nationwide | $213 |
| Hugo | $227 |
| Chubb | $321 |
| State Auto | $333 |
Compare personalized quotes from Memphis’ top insurers.
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Tennessee, like nearly every U.S. state, requires all drivers to have car insurance to be roadworthy. Here’s what you need to meet the state’s requirements:[8]
Bodily injury liability: $25,000 per person and $50,000 per accident
Property damage liability: $15,000 per accident
The state doesn’t require drivers to have uninsured motorist coverage, but you should consider it to protect yourself against hit-and-runs and drivers who don’t have enough coverage.
Most experts recommend buying coverage above the state’s minimum limits. Insurance professionals suggest drivers purchase 100/300/100 levels of liability coverage for greater financial protection from at-fault accidents. After all, minimum liability limits might not be enough to cover all damages in a serious accident, potentially leaving you financially exposed to costs beyond your policy limits.
The Tennessee Department of Revenue suggests that drivers consider higher liability limits to better protect their assets. If you finance or lease your car, your lender will most likely require you to purchase comprehensive and collision coverage.
Here are answers to some commonly asked questions about car insurance in Memphis.
Memphis drivers pay an average monthly rate of $149 for car insurance, according to our data. Liability-only car insurance costs $99 per month, while full coverage averages $198 per month.
Yes, car insurance costs more in Memphis. The average rate in Memphis is $149 per month, compared to the national average of $140 per month. Still, many factors affect how much you pay, including your address, driving history, age, and more. Always shop around and compare rates for the best deal.
Sun Coast offers the lowest average rate in Memphis, at $70 per month, according to Compare.com data.
Our editorial team used highly trained generative artificial intelligence (AI) tools to assist with the first draft of this article before multiple insurance experts — including at least one licensed agent — rigorously reviewed, fact-checked, and edited every word and data point you see here.
We research, write, edit, and review all content on Compare.com in accordance with our strict editorial standards to ensure accuracy, clarity, and helpfulness. Learn more about our editorial process here.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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