Memphis Auto Insurance Rates, Quotes, Agents & Reviews in TN

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.

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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 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 Insurance
They are significantly cheaper than other insurers. I have been previously with State Farm American Family and All state. They are cheaper than everyone.
Allstate's premium and deductible of my policy compared to other car insurance companies is exceptional. They care about their clients.
Farmer's Insurance
Premium is a bit high but not for 2 cars. Deductible is about the same as others
Erie Insurance
My premium with Erie is less expensive than other insurance companies in the area for my neighborhood. The deductible is standard.
Erie Insurance
My premium with Erie is less expensive than other insurance companies in the area for my neighborhood. The deductible is standard.
The 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.
My 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 Insurance
I am completely satisfied with amica and have been their customer for almost 50 years for auto and for 37 years for our home.
Haulers Insurance
I 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 Insurance
like I said the only thing I dislike is the parking situation and the fact that they only have 1 office that I know of.
I 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.
I use an independent agent and feel that I get regularly comparisons at different insurance companies so my coverage and rates are good.
State Farm
The premium is pretty reasonable in comparison to other carriers, i am able to afford the monthly payment and the customer service is above average.
I 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 Farm
Honestly, 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.