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Get Cheap Car Insurance in Memphis, NY

We monitor insurance prices, helping the average driver in Memphis save up to 32.6% on car insurance.

 

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The Cheapest Minimum Coverage in Memphis

The chart below shows the cheapest car insurance company in Memphis for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Kemper, followed by Plymouth Rock Assurance, Safeco Insurance, and Geico.

 
Memphis Insurer Monthly Cost
Kemper $76
Plymouth Rock Assurance $101
Safeco Insurance $109
Geico $114

Savings for Every Kind of Memphis Driver

The table shows how much the average auto insurance customer in Memphis might save by following our recommendations.

Based on our extensive insurance data, we know the average Memphis driver will save about 30% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $616 per year by choosing the right vehicle insurance company. Some Memphis residents are paying out over $2,067 extra every year for auto insurance in Memphis. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Memphis, NY Savings / Yr.
Drivers with good records
$616
Drivers with accidents
$393
Drivers with speeding tickets
$785
Drivers with a DUI conviction
$794
Young drivers
$1,946
Married drivers
$651
Drivers with bad credit
$1,037

Memphis Car Insurance vs. New York

People living in Memphis pay an average of 14.78% less than the typical driver in the state. The average driver in Memphis can expect to pay about $1,499 per year, or $2,067 for full coverage.

Based on our analysis, Kemper will be the cheapest provider in Memphis for most people.

Car Insurance Prices by Memphis Neighborhood

Memphis, NY map of insurance costs by zip code and neighborhood

Insurance Prices

More expensive
Average
Less expensive

Where is insurance cheapest within Memphis?

The map shows insurance prices in and around Memphis, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $148 per year within the city boundaries, with insurance premiums ranging from a high of $2,169 to a low of $2,021. Insurance prices tend to be higher for those living in the Northwest area, and lower for those with homes in the East parts of Memphis.

Pick the Best Car Insurance Company for You in Memphis

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Memphis insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Memphis

For drivers with clean driving records and no major strikes, Kemper is the best option, with annual savings of $616 over the average Memphis car insurance company.

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We use the average good driver, paying $121 per month, as our baseline for pricing in Memphis. Kemper, Erie Insurance, and Plymouth Rock Assurance are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Memphis drivers with accidents on their records

In Memphis getting into an accident will raise premiums an average 5.2% for a yearly cost of $2,181. That's $114 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Progressive, and Kemper are good choices for drivers with accidents.

In our analysis, Kemper saved the average person who had been in an accident the most, with annual savings averaging $393 over the competition.

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The best car insurance company for Memphis drivers with speeding tickets

>Kemper gave the average person with a speeding ticket the most savings, averaging $785 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Memphis, tickets raise premiums on new quotes about $446. If you have a speeding ticket, we recommend Progressive, Kemper, and Plymouth Rock Assurance for savings that beat the average insurance cost of $2,512 per year.

The best auto insurance for Memphis drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,842 per year in auto insurance premiums, which was $776 more than a driver with no major issues. Progressive, Travelers, and Plymouth Rock Assurance penalized their customers the least for a DUI.

Getting a quote from Progressive may cost the average person with a DUI about $794 less each year.

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The least expensive car insurance company for new and young drivers in Memphis

In Memphis, Progressive costs young drivers $1,946 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 66% more for insurance than more mature drivers in Memphis. With an average cost of $6,089 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Geico, and Progressive try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Memphis

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $71. State Farm, Geico, and Progressive provided the largest discounts to couples living in Memphis.

Progressive gave the largest car insurance discounts to married couples, averaging $651 saved each year compared to an average Memphis couple's premiums.

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The cheapest car insurance in Memphis for drivers with bad credit

People with poor credit saved an average of $1,037 with Geico.

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Many people are surprised that their poor credit score can cost them an average of $1,312 every year. Premiums for people with poor credit were about $3,378 in Memphis. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from Geico, Allstate, and Plymouth Rock Assurance.

The best Memphis car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Memphis, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks State Farm as the best provider in Memphis.

Nationwide was the best company for customer service in Memphis according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Memphis, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Memphis. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Memphis

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 14% of Memphis residents who are renting, and don't plan to be in the city or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, Geico tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend Geico for pricing. The average Memphis driver can expect to pay about $183 per month.

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What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Memphis, USAA has the best prices for drivers with bad credit, drivers with speeding tickets, drivers with a DUI conviction, drivers with accidents, good drivers, married couples, and young drivers.
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Auto Insurance Prices in and Around Memphis

What Influences the Cost of Car Insurance in Memphis?

On average, car insurance in Memphis is actually less expensive than the rest of the state. These low prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:

  • The average commute time in Memphis is 30 minutes, which is about the national average for a driver in the state.
  • New York state insurance regulations may require higher prices.
  • An average of 14 to 15 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Memphis are higher than average in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are low, with a Vehicle Theft Crime Grade of A+ according to CrimeGrade.org.
  • Memphis is a fairly densely populated area in the state. The city’s density could result in a price increase for drivers.

As a result of these and other factors, the average cost of car insurance in Memphis is $125 per month for minimum coverage and $172 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Cities

Cities with Similar Populations

* Who is the average Memphis driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Memphis with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.