Memphis drivers pay an average of $2,265/year — $494 more than the national average. With 10,760 crashes per year and a 4.3 per 1,000 vehicle theft rate, comparing 5+ carriers can save you up to $729/year.
(888) 217-6781Estimated full coverage auto insurance rates for Memphis, TN from top carriers. Rates are adjusted for Memphis's 10,760 annual crashes, 4.3 per 1,000 theft rate, and local risk factors:
| Insurance Company | 6-Month Premium | Monthly Cost |
|---|---|---|
| GEICO ⭐ | $861 | $144/mo |
| Tennessee Farmers | $935 | $156/mo |
| Progressive | $969 | $161/mo |
| State Farm | $1,056 | $176/mo |
| Allstate | $1,292 | $215/mo |
Estimates based on 2026 rate filings for ZIP 38103. GEICO is cheapest at ~$144/mo. Actual rates vary by driver profile and exact Memphis location.
These Memphis-specific safety and risk statistics directly impact what you pay for auto insurance:
Compare rates from 5+ insurance companies serving Memphis, TN. Takes under 2 minutes.
(888) 217-6781Memphis is one of the largest metropolitan areas in Tennessee, and its size directly impacts auto insurance rates. With a population of 633,104, the city sees heavy traffic volume, higher accident frequency, and elevated vehicle theft — all factors that push premiums above the state average. Major highways running through Memphis create high-risk corridors where multi-vehicle accidents are common. Despite higher base rates, Memphis drivers can find significant savings by comparing carriers.
For official Tennessee insurance regulations, visit the Tennessee Department of Commerce and Insurance. For driver licensing, see the Tennessee Driver Services.
Your specific ZIP code within Memphis can swing your premium by hundreds of dollars. Here's how rates compare across Memphis neighborhoods:
| ZIP Code | Neighborhood | Avg. Annual | Monthly |
|---|---|---|---|
| 38109 | Memphis South Side | $2,153/yr | $179/mo |
| 38107 | Memphis North Side | $2,186/yr | $182/mo |
| 38107 | Memphis West Side | $2,276/yr | $190/mo |
| 38109 | Memphis East Side | $2,297/yr | $191/mo |
| 38103 | Memphis Downtown/Central | $2,472/yr | $206/mo |
The cheapest ZIP is 38109 (Memphis South Side) at $2,153/yr. The most expensive is 38103 (Memphis Downtown/Central) at $2,472/yr — a $319/year difference for the same driver.
Your Memphis ZIP code matters. Call for a rate specific to your exact location.
(888) 217-6781Age is one of the biggest rating factors in Memphis. Here's how rates differ by age group:
| Age Group | Avg. Annual | Monthly | vs. City Avg |
|---|---|---|---|
| Teen (16-19) | $4,757/yr | $396/mo | +110% vs avg |
| Young Adult (20-25) | $3,171/yr | $264/mo | +40% vs avg |
| Adult (26-35) | $2,265/yr | $189/mo | 0% vs avg |
| Mid-Career (36-50) | $1,993/yr | $166/mo | -12% vs avg |
| Senior (51-65) | $1,880/yr | $157/mo | -17% vs avg |
| 65+ | $2,016/yr | $168/mo | -11% vs avg |
Teens in Memphis pay an average of $4,757/year — 110% more than the city average. The best rates go to Senior (51-65) drivers at $1,880/year. Good student discounts, driver training courses, and being added to a parent's policy can significantly reduce teen rates.
Compare auto insurance rates in other Tennessee cities:
Our rate analysis is based on publicly available rate filings and industry data. We regularly update our research to ensure accuracy.
Memphis drivers can save up to $729/year. ZIP 38109 (Memphis South Side) has the lowest rates starting at $2,153/yr.
(888) 217-6781Free quote · No obligation · Licensed agents · Under 2 minutes