Cheap Car Insurance in Memphis, TN

Written by Xuyun Zeng and 1 other
Updated Jan 7, 2025
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Cheap Car Insurance in Memphis, TN

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Memphis drivers have plenty of reasons to look for a solid car insurance policy. Busy roads like Interstate 240 and Poplar Avenue are often congested during rush hour, potholes and uneven pavement on local roads raise the risk of accidents, and late-night driving often involves sharing the road with pedestrians and tourists in this vibrant city.

To help you shop for affordable coverage, we’ve collected real policy quotes from Jerry customers in Memphis that show how your premium can vary based on your driving record, age, location and the type of coverage you need.

Cheapest minimum coverage insurance in Memphis

Tennessee requires drivers to have:

  • $25,000 for bodily injury liability per person and $50,000 per accident.
  • $25,000 for property damage liability per accident.

These are the cheapest quotes for minimum coverage that Memphis drivers received via Jerry.

Monthly Quote
Annual Quote
Insurance Company
Age
Date of Policy
City, State
ZIP Code
$33 $394 Progressive 55 October 20, 2024 Memphis, TN 38109
$44 $530 Trexis 36 June 15, 2024 Memphis, TN 38103
$47 $566 Trexis 56 May 22, 2024 Memphis, TN 38106
$49 $586 Progressive 33 November 1, 2024 Memphis, TN 38117
$52 $624 Trexis 56 November 24, 2023 Memphis, TN 38135
$52 $628 Progressive 59 November 16, 2024 Memphis, TN 38125
$54 $642 Trexis 46 March 17, 2024 Memphis, TN 38116
$54 $652 Trexis 56 November 25, 2023 Memphis, TN 38116
$55 $662 Progressive 28 February 2, 2025 Memphis, TN 38122
$56 $672 Progressive 44 October 22, 2024 Memphis, TN 38128
Last Updated May, 2025

If you have a loan or lease on your vehicle, the lender will require full coverage. You may also need gap insurance, which can help you pay off your loan if your car is totaled.

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Cheapest full coverage insurance in Memphis

Full coverage includes collision and comprehensive insurances. Collision pays to repair your vehicle after an accident, regardless of who is at fault, while comprehensive helps cover the damages caused by non-collision events such as weather hazards, animal collisions, or theft.

These are the cheapest full coverage quotes that Jerry customers have received in Memphis.

Monthly Quote
Annual Quote
Insurance Company
Age
Date of Policy
City, State
ZIP Code
$40 $478 Progressive 63 March 23, 2025 Memphis, TN 38107
$42 $498 Progressive 66 November 11, 2024 Memphis, TN 38112
$57 $680 Progressive 51 October 19, 2024 Memphis, TN 38141
$57 $680 Progressive 69 September 6, 2024 Memphis, TN 38122
$63 $756 Progressive 66 November 12, 2024 Memphis, TN 38108
$66 $796 Progressive 71 February 3, 2025 Memphis, TN 38135
$68 $816 Progressive 57 September 7, 2024 Memphis, TN 38127
$72 $864 Progressive 39 November 21, 2023 Memphis, TN 38104
$77 $918 Progressive 47 April 24, 2025 Memphis, TN 38126
$79 $952 Progressive 52 January 22, 2025 Memphis, TN 38134
Last Updated May 7, 2025

Cheapest car insurance for young drivers in Memphis (18-29 years old)

Young drivers are often quoted higher premiums than older drivers because insurers sometimes view their lack of experience as a risk. It’s wise to compare quotes from multiple insurance companies to find the most affordable rate.

Here are real quotes that young Jerry customers in Memphis have received via Jerry.

Monthly Quote
Annual Quote
Insurance Company
Age
Has Full Coverage
Date of Policy
City, State
ZIP Code
$55 $662 Progressive 28 No February 2, 2025 Memphis, TN 38122
$78 $938 Progressive 27 No February 5, 2025 Memphis, TN 38111
$81 $968 Trexis 29 No January 26, 2024 Memphis, TN 38141
$86 $1,034 Progressive 29 Yes March 17, 2025 Memphis, TN 38118
$88 $1,056 Trexis 23 No March 4, 2024 Memphis, TN 38016
Last Updated May 7, 2025

Cheapest car insurance for mature drivers in Memphis (30-54 years old)

Monthly Quote
Annual Quote
Insurance Company
Age
Has Full Coverage
Date of Policy
City, State
ZIP Code
$44 $530 Trexis 36 No June 15, 2024 Memphis, TN 38103
$49 $586 Progressive 33 No November 1, 2024 Memphis, TN 38117
$54 $642 Trexis 46 No March 17, 2024 Memphis, TN 38116
$56 $672 Progressive 44 No October 22, 2024 Memphis, TN 38128
$57 $680 Progressive 51 Yes October 19, 2024 Memphis, TN 38141
Last Updated May 7, 2025

Cheapest car insurance for older drivers (55+ years old)

Monthly Quote
Annual Quote
Insurance Company
Age
Has Full Coverage
Date of Policy
City, State
ZIP Code
$33 $394 Progressive 55 No October 20, 2024 Memphis, TN 38109
$40 $478 Progressive 63 Yes March 23, 2025 Memphis, TN 38107
$42 $498 Progressive 66 Yes November 11, 2024 Memphis, TN 38112
$47 $566 Trexis 56 No May 22, 2024 Memphis, TN 38106
$52 $624 Trexis 56 No November 24, 2023 Memphis, TN 38135
Last Updated May 7, 2025

Cheapest car insurance for drivers with clean records in Memphis

A clean record is one way to help ensure you’re getting the most affordable quotes possible. Here are some of the cheapest car insurance quotes that drivers with spotless records have received via Jerry.

Monthly Quote
Annual Quote
Insurance Company
Age
Date of Policy
Has Full Coverage
City, State
ZIP Code
$33 $394 Progressive 55 October 20, 2024 No Memphis, TN 38109
$40 $478 Progressive 63 March 23, 2025 Yes Memphis, TN 38107
$44 $530 Trexis 36 June 15, 2024 No Memphis, TN 38103
$52 $624 Trexis 56 November 24, 2023 No Memphis, TN 38135
$52 $628 Progressive 59 November 16, 2024 No Memphis, TN 38125
$54 $642 Trexis 46 March 17, 2024 No Memphis, TN 38116
$54 $652 Trexis 56 November 25, 2023 No Memphis, TN 38116
$55 $662 Progressive 28 February 2, 2025 No Memphis, TN 38122
$57 $680 Progressive 69 September 6, 2024 Yes Memphis, TN 38122
$57 $680 Progressive 51 October 19, 2024 Yes Memphis, TN 38141
Last Updated May 7, 2025

Cheapest car insurance for drivers with low credit scores in Memphis

Drivers with low credit scores are likely to pay higher premiums than those with good credit. This means you may have to do extra comparison shopping to get a good rate. Here are some of the cheapest insurance quotes Memphis drivers with scores below 550 received via Jerry.

Credit Score
Monthly Quote
Annual Quote
Insurance Company
Age
Date of Policy
City, State
ZIP Code
<550 $62 $738 Trexis 52 January 4, 2024 Memphis, TN 38115
<550 $76 $912 Trexis 38 April 24, 2024 Memphis, TN 38134
<550 $77 $928 Trexis 43 December 11, 2023 Memphis, TN 38141
<550 $81 $972 Trexis 40 April 29, 2024 Memphis, TN 38103
<550 $87 $1,040 Progressive 41 July 30, 2024 Memphis, TN 38114
Last Updated May 7, 2025

Cheapest car insurance for drivers with at-fault accidents in Memphis

At-fault Accident on Record
Monthly Quote
Annual Quote
Insurance Company
Age
Has Full Coverage
Date of Policy
City, State
ZIP Code
At Fault With No Injury $42 $498 Progressive 66 Yes November 11, 2024 Memphis, TN 38112
At Fault With No Injury $58 $700 Trexis 59 No December 25, 2023 Memphis, TN 38107
At Fault With No Injury $63 $756 Progressive 66 Yes November 12, 2024 Memphis, TN 38108
At Fault With No Injury $87 $1,040 Progressive 41 No July 30, 2024 Memphis, TN 38114
At Fault With Injury $87 $1,048 Trexis 67 No April 19, 2024 Memphis, TN 38127
Last Updated May 7, 2025

Cheapest car insurance for drivers with speeding tickets in Memphis

Violation Summary
Monthly Quote
Annual Quote
Insurance Company
Age
Date of Policy
City, State
ZIP Code
Speeding over 15 $49 $586 Progressive 33 November 1, 2024 Memphis, TN 38117
Speeding over 15 $56 $672 Progressive 44 October 22, 2024 Memphis, TN 38128
Speeding over 15 $81 $972 Trexis 40 April 29, 2024 Memphis, TN 38103
Speeding under 15 $86 $1,034 National General 42 August 29, 2024 Memphis, TN 38116
Speeding over 15 $90 $1,078 Trexis 27 March 8, 2024 Memphis, TN 38018
Last Updated May 7, 2025

Methodology

Data included in this analysis comes from policies that Jerry has quoted within the last 18 months. Jerry services 48 states and offers a range of insurance companies to choose from.

Over the past 12 months, 25% of drivers who switched with Jerry paid $85 or less per month. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.

Editorial Note: This article was written by a paid member of Jerry’s editorial team. Statements in this article do not constitute advice or recommendations. You should consult with an insurance professional about your specific circumstances and needs before making any insurance decisions.