Memphis, TN Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Memphis, TN, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Factors that can influence the cost of car insurance in Memphis, TN are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Memphis, TN Auto Insurance Rates
- Memphis, TN Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Memphis, TN
- Multi Vehicle Insurance Savings in Memphis, TN
- How Credit Score Affects Car Insurance Rates in Memphis, TN
- How DUI Affects Auto Insurance Premiums in Memphis, TN
- Top Auto Insurance Agents Near Memphis, TN
- How Driving Violations Affect Auto Insurance Rates in Memphis, TN
- Memphis, TN Auto Insurance Discounts on Anti Theft Feature
- Memphis, TN Auto Insurance Company Reviews
Memphis, TN Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Memphis, TN with that of other cities in and around Memphis.
| Memphis | Mississippi | Shelby County | Lynchburg | Bartlett | Southaven | |
|---|---|---|---|---|---|---|
| Average Insurance Rates | $1,400 | $1,505 | $1,440 | $1,622 | $1,385 | $1,253 |
Memphis, TN Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Memphis, TN based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
| Location | Low Deductible ($500) | High Deductible ($1000) |
|---|---|---|
| Memphis | $1,056 | $892 |
| Shelby County | $1,673 | $1,413 |
| Southaven | $1,456 | $1,230 |
| Germantown | $1,894 | $1,600 |
| Horn Lake | $1,059 | $894 |
| Mississippi | $1,449 | $1,224 |
| Lynchburg | $1,230 | $1,039 |
| Bartlett | $1,017 | $859 |
Memphis, TN Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Memphis, TN usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $4,543 |
| 20 Years | $1,799 |
| 30 Years | $1,386 |
| 40 Years | $1,333 |
| 50 Years | $1,234 |
| 60 Years | $1,252 |
| 70 Years | $1,457 |
Memphis, TN Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Memphis, TN can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
| Number of Cars | Auto Insurance Cost | Total Savings |
|---|---|---|
| 2 Vehicles | $2,436 | $364 |
| 3 Vehicles | $3,654 | $546 |
| 4 Vehicles | $4,872 | $728 |
Savings on 2 Vehicles bundle:$364
Savings on 3 Vehicles bundle:$546
Savings on 4 Vehicles bundle:$728
Memphis, TN Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Memphis, TN.
| Location | Average Insurance Cost | Post DUI Insurance Rate |
|---|---|---|
| Memphis | $1,400 | $2,508 |
| Shelby County | $1,440 | $2,580 |
| Southaven | $1,253 | $2,078 |
| Germantown | $1,322 | $2,368 |
| Horn Lake | $1,567 | $2,599 |
| Mississippi | $1,505 | $2,498 |
| Lynchburg | $1,622 | $2,690 |
| Bartlett | $1,385 | $2,481 |
Memphis, TN Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
| Credit Score | Insurance Cost |
|---|---|
| Exceptional (800-850) | $1,201 |
| Excellent (740-799) | $1,371 |
| Good (670-739) | $1,459 |
| Average (580-669) | $1,903 |
| Poor (300-579) | $2,284 |
Memphis, TN Auto Insurance Agents | Back to Top
Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.
| Agent Name | Company | Agent Address | Contact Details |
|---|---|---|---|
| Realis Sanders | Allstate | 2650 Thousnd Oks Blvd Ste 1310, Memphis, 38118 | (901) 795-4953 |
| Mosby Insurance | Erie | 5575 Poplar Avenue Suite 607, Memphis, 38119 | None |
| Candace Hall | Farmers | 1444 E Shelby Dr Ste 329, Memphis, 38116 | (901) 345-2615 |
| Larry E Crum & Associates Llc | Nationwide | 5165 Poplar Ave, Memphis, 38117-7672 | (901) 767-2210 |
| Bennita J Wade Agency | Nationwide | 1503 Union AVE STE 220, Memphis, 38104 | (901) 276-8571 |
| Hmp Insurance | Travelers | 1770 KIRBY PKWY STE 320, MEMPHIS, 38138 | 901-853-9943 |
| Douglas & Greer Inc | Liberty Mutual Independent | 5100 POPLAR AVE STE 300, MEMPHIS, 38137 | 901-366-4396 |
| Regions Insurance Inc | Liberty Mutual Independent | 6000 POPLAR AVE STE 300, MEMPHIS, 38119 | 901-684-3290 |
Memphis, TN Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
| Driving Violation | Cost Increase | Total Insurance Cost |
|---|---|---|
| Driving Without Headlights | +$62 | $1,462 |
| Driver's Failure In Showing Documents | +$136 | $1,536 |
| Driving With An Expired Registration | +$144 | $1,544 |
| Driving At A Considerably Slow Pace | +$304 | $1,704 |
| Using A Cellphone While Driving | +$321 | $1,721 |
| Running A Red Light | +$326 | $1,726 |
| Speeding | +$343 | $1,743 |
| Driving A Vehicle Without The Required Permission | +$435 | $1,835 |
| Driving With An Expired/Suspended License | +$944 | $2,344 |
Memphis, TN Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
| Anti Theft Feature | Insurance Cost |
|---|---|
| Audible Alarm | $1,344 |
| Active Disabling Device | $1,344 |
| Tracking Device | $1,316 |
| Passive Disabling Device | $1,302 |
Latest Auto Insurance Reviews in Memphis, TN | Back to Top
Erie InsuranceThey are significantly cheaper than other insurers. I have been previously with State Farm American Family and All state. They are cheaper than everyone.
AllstateAllstate's premium and deductible of my policy compared to other car insurance companies is exceptional. They care about their clients.
Farmer's InsurancePremium is a bit high but not for 2 cars. Deductible is about the same as others
Erie InsuranceMy premium with Erie is less expensive than other insurance companies in the area for my neighborhood. The deductible is standard.
Erie InsuranceMy premium with Erie is less expensive than other insurance companies in the area for my neighborhood. The deductible is standard.
ProgressiveThe accessibility is very good. Everyone I have ever had to speak to has been very friendly and caring. They are trained well on how to handle every event and question they receive and are easy to understand over the phone.
ProgressiveMy current insurance company is one of the leading companies in the USA. They offer me many different types of insurances and will even look up the top three competitors pricing policies. Overall, I would rate my current insurance provider with a 4.5/5.
Amica Mutual InsuranceI am completely satisfied with amica and have been their customer for almost 50 years for auto and for 37 years for our home.
Haulers InsuranceI cannot think of one thing that I don't like about this company, except my favorite agent is out of the office on Tuesdays.
Erie Insurancelike I said the only thing I dislike is the parking situation and the fact that they only have 1 office that I know of.
ProgressiveI use Geico for my insurance. I have full coverage and am generally satisfied with it. The only issue I have had is a high deductible for things like broke glass.
TravelersI use an independent agent and feel that I get regularly comparisons at different insurance companies so my coverage and rates are good.
State FarmThe premium is pretty reasonable in comparison to other carriers, i am able to afford the monthly payment and the customer service is above average.
ProgressiveI switched from liberty which offered less coverage for more money than progressive when I relocated. I have a more basic package but it does the job.
State FarmHonestly, there really isn't anything about the company that I don't like. I have yet to run across an issue with them and I have been customers of theirs for 8 years now. They are friendly, courteous, and willing to go the extra mile.