Updated May 26, 2026

Who is Jerry?

Jerry is your proactive car insurance assistant. We help you compare personalized quotes side-by-side from 100+ top insurers, explain coverage in plain English, and switch policies in minutes. No bouncing between sites. No pressure to buy. Just clear options, expert guidance when you want it, and a seamless way to get covered.

• Read about our editorial standards here.

Cheap car insurance in Memphis, TN

Memphis drivers pay an average of $312 a month for full coverage and $122 a month for state minimum. Jerry compares 100+ insurers to find you a lower rate in minutes, with no spam calls and no pressure.

$51

Lowest state minimum quote Jerry has found in last 12 months

$107

Lowest full coverage quote Jerry has found in last 12 months

$216

Average monthly savings for drivers who switch and find savings

Get Quotes

Author

Megan Lee

Megan Lee is an editor, writer, and SEO with expertise in insurance, personal finance, travel, and healthcare. Her work has appeared in U.S. News & World Report, USA Today, and more. She has led remote content teams and strategies for sites like NerdWallet. When she`s not working, Megan enjoys discovering new coffee spots and attending themed events.

Credentials:

• 16 years as a professional writer and editor

• 6 years covering personal finance

Insurance Writer

Reviewer

Stephanie Colestock

Stephanie Colestock is a writer, CFEI®, and licensed insurance agent with over 14 years of experience specializing in personal finance topics like insurance, investing, retirement, and household budgeting. Her work has been featured in TIME, Forbes, USA Today, and other leading publications. Through her writing, Stephanie simplifies complex financial concepts, empowering readers to make smarter financial decisions.

Credentials:

• Certified Financial Education Instructor (CFEI) (2024)

• General Lines Agent, Property & Casualty (2025)

• 14 years as a professional writer and editor

• 10 years covering personal finance

Licensed Insurance Agent

Memphis sits at a crossroads of factors that pull insurance prices well above the rest of Tennessee. The metro has long ranked among the worst U.S. markets for vehicle theft, though 2025 brought significant improvement per recent National Insurance Crime Bureau data. Add in a Tennessee uninsured-driver rate that runs above the national average and the city’s role as the Mid-South’s main logistics and freight hub, and you have a set of pressures most TN markets don’t face. Tennessee operates as an at-fault (tort) state, which keeps liability claims with the at-fault driver and shapes how carriers price across the Memphis market.

Jerry compares 100+ insurers to help you save. We’ve found quotes for Memphis drivers starting as low as $107 per month for full coverage (Lemonade) and $68 per month for state minimum (GEICO) in the last 12 months. Where you land depends on your profile, your ZIP and which carrier prices your risk most favorably right now.

Real recent quotes Jerry found for Memphis drivers

Here are some recent quotes Jerry has pulled for drivers in Memphis. These aren’t sample rates — they’re actual quotes pulled for Memphis drivers in the last 30 days. Driver profiles, ZIP codes and coverage levels vary.

Jerry pulls up to 20 quotes from top rated carriers.

Compare quotes

What are the cheapest car insurance companies in Memphis?

Right now, GEICO is the cheapest average carrier for Memphis drivers at around $68 per month for state minimum coverage — but “cheapest overall” doesn’t always mean cheapest for you.

Memphis has a heavily mixed insurance market, with national carriers competing alongside regional and non-standard specialists that target very different types of drivers. A few factors that shift which insurer comes out cheapest:

• The cheapest option for Memphis drivers with clean records is Lemonade. National General leads the full coverage averages and writes broadly under Allstate ownership following Allstate’s 2021 acquisition. The carrier shows up as the cheapest individual full coverage quote Jerry has pulled in Memphis and remains the strongest comparison for clean-record drivers looking at full coverage.

• Your driving record changes the market. Drivers with clean records often see the strongest pricing from standard market carriers, while drivers with violations, prior coverage lapses or SR 22 requirements frequently see entirely different insurers rise to the top. That divide is especially pronounced in Memphis because non-standard carriers play a much larger role here than in many comparable metros.

• Regional carriers have an impact more here than many drivers expect. Southern-focused insurers like Trexis compete aggressively in Memphis and can sometimes undercut larger national brands for higher risk or middle market drivers. These smaller carriers are easy to overlook during quote shopping, but they can materially change the pricing landscape for certain driver profiles.

• Non-standard insurers fill the gaps left by preferred market carriers. Drivers with thinner credit, inconsistent insurance histories or multiple violations often need to compare specialty insurers alongside standard national companies to find competitive pricing. In many cases, the cheapest option for a clean record driver and the cheapest option for a higher risk driver are completely different carriers.

That said, the right carrier for you depends on your driving record, age, and whether you’re bundling or qualify for other discounts. Jerry compares all of these factors across 100+ insurers at once, so you’re not guessing which scenario applies to you.

GEICO is the cheapest car insurance company in Memphis for state minimum coverage at an average of $68 per month. 

Cheapest carriers in Memphis by average, state minimum coverage

Insurer	Average monthly cost	Cheapest quote we’ve found

Insurer	Average monthly cost	Cheapest quote we’ve found
GEICO	$68	$51
Progressive	$85	$55
National General	$99	$76
Trexis	$108	$72
Root	$112	$93

GEICO

Average monthly cost

$68

Cheapest quote we’ve found

$51

Progressive

Average monthly cost

$85

Cheapest quote we’ve found

$55

National General

Average monthly cost

$99

Cheapest quote we’ve found

$76

Trexis

Average monthly cost

$108

Cheapest quote we’ve found

$72

Root

Average monthly cost

$112

Cheapest quote we’ve found

$93

Last Updated May 31, 2026

Based on Jerry data from the past 12 months.

Lemonade is the cheapest car insurance company in Memphis for full coverage at an average of $156 per month. 

Cheapest carriers in Memphis by average, full coverage

Insurer	Average monthly cost	Cheapest quote we’ve found

Insurer	Average monthly cost	Cheapest quote we’ve found
Lemonade	$156	$107
National General	$214	$146
Progressive	$269	$154
Root	$281	$204
AssuranceAmerica	$284	$156

Lemonade

Average monthly cost

$156

Cheapest quote we’ve found

$107

National General

Average monthly cost

$214

Cheapest quote we’ve found

$146

Progressive

Average monthly cost

$269

Cheapest quote we’ve found

$154

Root

Average monthly cost

$281

Cheapest quote we’ve found

$204

AssuranceAmerica

Average monthly cost

$284

Cheapest quote we’ve found

$156

Last Updated May 31, 2026

Based on Jerry data from the past 12 months.

Key takeaway: GEICO is the cheapest option for most Memphis drivers, but National General can be more competitive for drivers with less-than perfect records. Jerry shows you multiple quotes at once so you can compare and save.

Compare 100+ insurers through Jerry in less than 5 minutes

Compare quotes

Why is car insurance expensive in Memphis?

Drivers in Memphis with clean records average $247/mo, which is above the TN state average ($171/mo) but below the national average of $262/mo. Car insurance in Memphis tends to run noticeably higher than the broader Tennessee average, even for drivers with clean records. 

Much of that difference comes from risks that are more concentrated in the Memphis metro than in many other parts of the state, including higher claim frequency, elevated theft exposure and dense urban driving conditions. Several local factors combine to push Memphis premiums above what drivers typically pay elsewhere in Tennessee.

Memphis car insurance rates by ZIP code

Memphis ZIP-level pricing tracks closely with neighborhood crime patterns and vehicle theft concentrations. The cheapest ZIPs cluster in East Memphis and the eastern Shelby County suburbs, while the most expensive concentrate in north Memphis and outer south-Memphis neighborhoods where theft rates and claim frequency run highest.

Cheapest ZIP codes

The cheapest ZIPs in Jerry’s Memphis data are located in and around East Memphis and the Bartlett area, with the East Memphis ZIP near White Station averaging the lowest premiums in our data. Sample sizes vary across these ZIPs and reflect differences in driver concentration rather than any single underwriting factor.

Most expensive ZIP codes

The most expensive Memphis ZIPs concentrate in north Memphis around Frayser and Raleigh, plus parts of south Memphis and the Hickory Hill area. One ZIP in Frayser averages the highest premiums in our dataset, with several of these ZIPs also showing the largest sample sizes given the residential density along these corridors.

Memphis car insurance rates by driver profile

ZIP code gets a lot of attention, but for most drivers it’s the second or third biggest factor in their rate — not the first. Age, driving record and credit score typically move the needle more.

Here’s what Jerry’s Memphis data shows for each, and what it actually means for your quote.

By age

Memphis shows one of the steeper age cliffs in our data. Jerry’s Memphis data shows a rate cliff around 25, resulting in a $36/mo drop between the 21-24 and 25-34 buckets for state minimum, and a $87/mo drop for full coverage. The size of this transition is a strong reason to re-quote the moment you cross into the mid-twenties bracket rather than waiting for your next renewal.

Average cost of insurance in Memphis by age group, state minimum

Average cost of insurance in Memphis by age group, full coverage

By driving record

Having at-fault accidents adds 5% on average for Memphis Jerry users — but that figure masks a compounding effect most drivers don’t know about. Memphis surcharges run unusually compressed across coverage tiers in our data, with one striking anomaly: on state minimum policies, DUI drivers actually average less than clean-record drivers. 

This isn’t a typo, and it isn’t insurers rewarding DUIs. Instead, it reflects how aggressively certain non-standard insurers price minimum coverage for violation-bearing drivers in Memphis — they’re competing hard for that segment, which pulls the DUI average below the clean-record baseline.

Surcharges typically stick around for about three years in Tennessee, though the exact period depends on your insurer. Jerry watches for when yours are about to fall off and re-shops your policy for better rates at the right moment, so you don’t have to remember to check.

Average cost of state minimum coverage in Memphis, by driving record

Average cost of full coverage in Memphis, by driving record

By credit score

Tennessee lets insurers use a credit-based insurer score as one factor in pricing your policy, and two patterns stand out in Jerry’s Memphis data. As you’d expect, Poor credit drivers pay meaningfully more than Good credit drivers on both coverage tiers.

But the surprise is that Fair credit drivers in Memphis actually average less than Good credit drivers. This is because non-standard insurers price aggressively for drivers in that middle segment, which is their main customer base.

Average cost of state minimum coverage in Memphis, by credit score

Average cost of full coverage in Memphis, by credit score

How Jerry finds car insurance savings for Memphis drivers

Premiums have gone up for a lot of drivers in Memphis, but you don’t have to just sit back and accept it. Jerry compares quotes, uncovers discounts and helps you choose smarter coverage for your needs and budget. Below are real examples of Memphis drivers who found cheaper coverage through Jerry.

Recent quotes

Learn more: Best car insurance in Tennessee

Calculate your car insurance costs

If you’re looking to find the cheapest car insurance in Tennessee, below are four top tips that Jerry’s agents have found.

Jerry Agent Tip 1: Always compare quotes from different companies

Drivers in Memphis can often find real savings by comparing quotes from different insurers. Insurers price driver profiles differently and that’s why quotes vary for the same coverage. Here are some recent examples:

Recent customer quotes

Jerry Agent Tip 2: Stack discounts to cut your premium

Simple things like being a good driver, getting your quote early, or switching to paperless billing can bring your insurance costs down. Since it’s hard to know which discounts actually apply, Jerry checks for your eligible savings so you don’t miss out on extra savings.

Jerry Agent Tip 3: Balance protection and price to find the right coverage

Choosing the right mix of coverage helps drivers in Memphis stay protected without overspending. State minimums keep premiums low, while options like full coverage, standard and preferred tiers add stronger protections like rental reimbursement, towing and lower deductibles.

When you find the best balance between cost and protection, driving feels a lot more secure. Here are the coverage options available to drivers in Memphis:

• Coverage Definitions

  Bodily injury liability (BI)

  • Who it pays: The other person, for injuries when you’re at fault in a crash.

  • What it covers: Medical bills, lost wages and legal costs for people injured in an accident you cause.

  • How it pays: Up to your policy limits, shown as two numbers. For example, 50/100 means $50K per person and $100K per accident.*

  • Do you need it? Required by law in every state except New Hampshire. Your state sets a minimum, but Jerry recommends considering limits of at least 100/300.

  Property damage liability (PD)

  • Who it pays: The other person, for property you damage in a crash.

  • What it covers: Costs to repair or replace another person’s car, fence, mailbox or other property you hit.

  • How it pays: Up to your policy’s limit. For example, $50K.*

  • Do you need it? Required by law in every state except New Hampshire. Your state sets a minimum, but Jerry recommends considering limits of at least $100K.

  *Bodily injury liability and property damage liability are typically shown as three numbers on your policy, like 100/300/100. The first two numbers represent your bodily injury limits per person and per accident, while the third number represents your property damage limit.

  Collision

  • Who it pays: You, for damage to your own car.

  • What it covers: Costs to repair or replace your own car after a crash with another car or object, like a guardrail or pole.

  • How it pays: You pay a deductible first, then insurance covers the rest, typically up to your car’s current market value.

  • Do you need it? Required if you’re financing or leasing your car. Optional otherwise, but recommended if your car is worth more than $5,000. May not be worthwhile for older, lower-value cars.

  Comprehensive

  • Who it pays: You, for damage to your own car.

  • What it covers: Damage from non-crash events like theft, vandalism, hail, flooding, falling trees, fire or hitting an animal.

  • How it pays: You pay a deductible first, then insurance covers the rest, typically up to your car’s current market value.

  • Do you need it? Required if you’re financing or leasing your car. Optional otherwise, but recommended if your car is worth more than $5,000. May not be worthwhile for older, lower-value cars.

  Uninsured/underinsured motorist (UM/UIM)

  • Who it pays: You and your passengers, for injuries and property damage.

  • What it covers: Your own injuries and property damage when the at-fault driver has no insurance or not enough to cover your costs, including hit-and-runs in many states.

  • How it pays: Up to your chosen limits, which often match your BI limits. There’s usually no deductible for UM, but UIM may have one.

  • Do you need it? Required in some states, but Jerry recommends every driver get it, since about 1 in 8 drivers does not have car insurance.

  Personal injury protection (PIP)

  • Who it pays: You and your passengers, for medical bills and lost income, no matter who caused the accident.

  • What it covers: Medical bills, lost wages, childcare, funeral costs and other expenses after an accident, regardless of fault.

  • How it pays: Up to your policy limit. There’s usually no deductible, though this varies by state.

  • Do you need it? Required in no-fault states. If available in your state, it’s worth considering.

  Medical payments (MedPay)

  • Who it pays: You and your passengers, for medical bills.

  • What it covers: Medical expenses after an accident, regardless of fault.

  • How it pays: No deductible. Pays up to your policy’s limit.

  • Do you need it? Optional in most states, but can be valuable if you don’t have health insurance or have a high-deductible health plan.

Get personalized car insurance rates now.

Compare quotes

Jerry Agent Tip 4: Pick the right deductible

Raising your deductible typically lowers your car insurance premium. Just be sure you can comfortably cover that cost if you need to file a claim.

Here’s a look at the deductibles Jerry drivers chose in the past year:

To find the ideal deductible:

• Check your car’s value (Jerry tracks this for you monthly).

• Choose what you can afford out-of-pocket.

• See how deductibles change your rate in real time.

Tennessee car insurance minimums: What’s required in Memphis

Tennessee only requires liability coverage: no mandatory medical payments, uninsured motorist or personal injury protection (PIP). Here are the minimum requirements in Tennessee:

• $25,000 in bodily injury liability per person.

• $50,000 in bodily injury liability per accident.

• $25,000 in property damage liability per accident.

Tennessee’s minimums are below what most northern and coastal states require. Insurers must offer uninsured motorist coverage, but you can reject it in writing. Driving without the required liability coverage can lead to license and registration suspension.

Many Memphis drivers carry liability above the minimums, especially given Tennessee’s above-average share of uninsured drivers. The average economic cost of a disabling injury from a motor vehicle crash is $167,000, according to the National Safety Council, nearly seven times Tennessee’s $25,000 per-person bodily injury minimum. Jerry can help you find affordable car insurance starting at just $187/mo.

Methodology

To find the cheapest car insurance in each state, we use proprietary, real-world quotes from drivers — not third-party estimates. Each shopping journey includes multiple rounds of quotes, with information verified along the way.

At every stage, we aggregate and anonymize data to protect privacy and ensure accuracy. Because Jerry has delivered millions of quotes, often with multiple offers per driver, our datasets are large enough to avoid bias toward any one region, carrier or driver type.

Unlike other sites that rely on modeled rates, Jerry is a licensed insurance broker in 50 states, giving us firsthand visibility into how quotes are generated and validated.

Unless otherwise stated, rates reflect the last six months of verified full-coverage quotes for clean-record drivers. Data involving accidents or credit uses the last 18 months to ensure reliability.

Read more about Jerry’s data gathering and verification processes