Best Car Insurance Companies in Memphis – November 2022

A car is a important possession, and you want to ensure it’s well-protected in case of an accident. That’s why car insurance is so essential, and it’s something you should research before you buy a policy. There are a lot of various car insurance companies out there, and they all have pros and cons. To help you limit your alternatives, we’ve compiled a list of the best car insurance companies in Memphis, November 2022. We’ve thought about elements like customer support, coverage choices, discount rates, and more to assist you choose the right insurance provider for your needs.

Best Cheap Car Insurance Companies in Memphis

Memphis is among the most costly states for car insurance, so shopping around for the very best rates is important. The least expensive car insurance companies in Memphis are Geico, State Farm, and Progressive. When searching for car insurance in Memphis, compare rates from several companies to discover the very best deal.

Here are the leading 5 car insurance companies in Memphis, November 2022:


Geico is Best Car Insurance Companies in Memphis

Geico is among the most well-known and oldest auto insurance companies in the United States. The company was established in 1936 and has become the country’s second-largest car insurer. Geico provides a large range of insurance items, such as auto, property owners, tenants, bikes, and boat insurance. The company is widely known for its effective advertising campaigns featuring Geico Gecko and other characters.

The Pros and Cons of Geico


  • Available in all 50 states. Geico is an insurance company that uses auto protection in every state. They provide auto insurance to locals no matter where they live in the United States.
  • Easy-to-use. Geico has actually produced a user-friendly site and mobile app that is uncomplicated, easy to utilize, and secure. You can use the platform to manage your insurance plan, file claims, and pay.
  • Lots of discounts. You can save on your Geico insurance premiums by making the most of the discount rates they provide, such as if you have a tidy driving history or are a federal staff member.


  • It just offers through Geico agents. If you’re thinking about working with an independent broker, they won’t be able to estimate Geico policies. That’s because Geico just sells their policies straight and won’t partner with other companies. Nevertheless, if you ‘d like to compare your choices, we can reveal you estimates from leading companies without inputting all of your information for each quote.
  • Geico doesn’t underwrite all of its other products. Geico partners with third-party companies to provide other insurance items, like house owners insurance. That indicates that Geico will fulfil your car claim, however you may need to look after your homeowner’s insurance claim with an firm like AIG.

State Farm

State Farm

State Farm is a big and well-known car insurance company in the United States. The business provides its clients with a large range of coverage options, discount rates, and benefits. Additionally, State Farm has a strong monetary rating and an substantial network of agents and claims agents. State Farm is an exceptional choice for trustworthy and fairly priced car insurance. With over 80 years of industry experience, they have actually supplied quality protection to their clients at a reasonable price. Additionally, they offer numerous discount rates and perks that can assist you save a lot more cash.

The Pros and Cons of State Farm


  • History business. The business has a long history of providing quality protection and outstanding customer service, making it one of the most trusted names in the market.
  • Coverage alternatives. State Farm uses thorough coverage alternatives so that you can tailor your policy to your specific needs.
  • Rates and discounts. They use competitive rates and discount rates, saving you cash on your premium.
  • Quick and easy declares process. State Farm is known for its fast and simple claims process, which can assist you get back on the road after an mishap.


  • Widest range. The business does not have the widest variety of protection alternatives, so you might be unable to find a policy that exactly fits your requirements.
  • Higher rates. State Farm’s rates are usually on the higher side when compared to other insurance companies.
  • Slow processing. Some clients have complained about the claims procedure, stating it can be sluggish and aggravating.


Allstate One of the Best Car Insurance Companies in Memphis

Allstate is among the country’s biggest auto insurance companies, guaranteeing over 16 million vehicles. They offer a large range of coverage options and outstanding customer service. Allstate car insurance is not like your common insurance policy. For starters, Allstate provides a pay-per-mile program. Driving less can help you save cash on your insurance premiums. It works by installing a gadget in your car that displays your mileage. Then, at the end of monthly, you send Allstate reports detailing the number of miles you drove. Allstate will compute your premium for the following month based upon this information.

The Pros and Cons of Allstate


  • Available in all 50 states. Motorists all over the nation (including Florida, Alaska and Hawaii) can guarantee their cars and trucks with Allstate, which isn’t true of all of its competitors.
  • High claims satisfaction ratings. Allstate scored 876 out of 1000 on the 2020 J.D. Power Auto Claims Satisfaction Study, putting it above the market average and other major car insurance companies like Geico, Safeco and Liberty Mutual.
  • Vast array of discounts available. Allstate uses a long list of discount rates for drivers, consisting of savings for paying your policy completely, going paperless, and bundling your auto with home insurance or another policy through Allstate.
  • Distinct cost savings opportunities. Allstate also provides its signature Drivewise program. Taking part drivers use an app that tracks their driving behaviour and can get cash off their premiums for safe driving.
  • Will guarantee high-risk chauffeurs. In certain states, Allstate provides non-standard auto insurance for chauffeurs thought about “high-risk” and might have trouble finding protection from other insurance companies.


  • Our sample quote was higher than typical. When we ran a sample quote for an average driver through Allstate, we got rates greater than the nationwide average for car insurance. You might require to go into their discount rates to get the best offer on your coverage.
  • Some middling consumer rankings. While Allstate scores well for claims fulfillment, its general client ratings are typical with third-party agencies like J.D. Power and Consumer Reports.



There are a couple of things to consider when looking for the best car insurance companies in Memphis. The very first is cost. You’ll want to discover a business that offers a affordable rate on your premium. The 2nd is coverage. You’ll wish to ensure you get the right protection for your requirements. And the third is customer care. You’ll want to discover a business with great customer support and simple to work with. Regarding car insurance, progressive companies tend to be more expensive than others. But they also offer more protection options, which can be worth the additional expense. Progressive offers various types of coverage, consisting of collision, detailed, liability, and medical payments. They also have a variety of discounts readily available, including discount rates for great motorists, safe motorists, and drivers who have actually taken a protective driving course.

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If you’re looking for the best car insurance companies in Memphis, price isn’t the only thing you need to think about. Protection and customer support are essential factors also. But if you’re trying to find a progressive company using numerous coverage alternatives and discount rates, then advanced may be the ideal choice.

The Pros and Cons of Progressive


  • It offers a range of insurance options. So you can discover the protection that Best fits your requirements.
  • One of the largest auto insurance providers in the United States. so you can be confident that you’re getting trustworthy protection.
  • Discounts. Offers discount rates for a variety of things, including safe driving, multi-car policies, and more
  • Relied on brand name. It has a popular and trusted brand, so you can be sure you’re getting quality coverage.


  • The business does not have the most extended history in the industry. Founded in 1937, Progressive is among the more recent insurers compared to companies like State Farm and Allstate. Depending on your viewpoint, this could be seen as positive or negative.
  • Progressive might not have the most detailed array of coverage alternatives available. While they offer basic car insurance coverage, they may not have as numerous add-on alternatives as other insurers.
  • Progressive’s rates are not always the most affordable. They are frequently competitive, however there are sometimes more economical options. This is why it’s constantly crucial to compare rates from multiple insurance companies before making a decision.
  • Some consumers have actually grumbled about customer service issues with Progressive. While this is certainly not universal, it is something to be knowledgeable about if you’re considering them as your insurer.



Founded in 1922, USAA is a Fortune 500 company that offers a complete series of insurance and financial services products to more than 13 million members of the military neighborhood and their households.

With its headquarters in San Antonio, Texas, USAA has over 30,000 workers and runs in all 50 states. The business’s insurance consists of car, house owners, life, health, and umbrella protection.

USAA consistently ranks amongst the very best car insurance companies regarding client complete satisfaction. In J.D. Power’s 2020 U.S. Auto Insurance Study, USAA received the greatest possible score in every category, consisting of overall complete satisfaction, claims fulfillment, policy offerings, prices, and billing process and interactions.

In addition to its excellent customer support ratings, USAA is also among the most budget-friendly car insurance suppliers in Memphis. In our research study of the best inexpensive car insurance companies in N.Y., USAA had an typical annual rate of $1,028– practically $400 less than the state typical!

The Pros and Cons of USAA


  • Competitive rates. One of the most substantial advantages of USAA car insurance is its competitive rates. This is important because it can conserve you a lot of money on your premiums.
  • Excellent track record. USAA is a widely known and reputable business that can give you peace of mind concerning your protection.
  • Offer lots of discounts. If you have multiple vehicles or are a safe driver, you might be qualified for discount rates on your premium.
  • Have outstanding customer care. If you have any questions or problems with your policy, their customer care agents will enjoy to assist you.


  • Only run in particular states. This suggests that if you move to a various state, you will no longer be able to keep your policy with them.
  • Not cover all of the damages brought on by accident. This implies that if your car is amounted to, you may not get enough cash from

How Much Does Car Insurance Cost in Memphis?

Memphis car insurance rates are a few of the greatest in the country, but there are still ways to save. Let’s look at the typical cost of car insurance in Memphis and a few of the very best methods to get less expensive protection.

How Much Does Average Car Insurance Cost in Memphis?

The typical cost of car insurance in Memphis is almost $400 above the nationwide average. The high cost of car insurance in Memphis is mainly due to the high number of mishaps and thefts in the state.

Several factors impact the expense of car insurance in Memphis. These consist of the kind of vehicle you drive, your driving record, your age, where you live, and the amount of coverage you need.

If you’re looking for methods to save money on car insurance in Memphis, consider raising your deductible, making the most of discount rates, and looking around for the best rates.

How to Find the Best Car Insurance in Memphis?

If you’re searching for the very best car insurance in Memphis, there are a few things you’ll wish to keep in mind. Initially, consider your requirements and spending plan. What sort of coverage do you require? How Much can you afford to spend? As soon as you have a good idea of what you’re looking for, start comparing rates from different insurance companies.

A couple of fantastic resources can assist you compare rates and find the very best offer. The Memphis State Insurance Department’s website lists insurance providers and their contact info. You can also utilize an online quote comparison tool like The Zebra to get quotes from multiple insurance companies.

When you’re prepared to purchase, search and compare rates before picking a policy. Likewise, ensure you understand your policy’s terms before signing on the dotted line.

Car Insurance Discounts in Memphis

There are numerous discounts available to Memphis drivers concerning car insurance. Lots of insurance providers provide a discount rate for taking driver’s education courses, and there are likewise discount rates readily available for young drivers who preserve excellent grades in school. Additionally, some insurance providers offer a “pay-as-you-drive” discount based on the amount of driving you do each year.

You might be eligible for several discounts if you have a clean driving record, consisting of a safe chauffeur discount rate or a good student discount. Some insurers likewise offer discounts for installing particular safety devices in your cars, such as anti-theft or mishap avoidance systems. Lastly, lots of insurers offer loyalty discount rates for customers who have been with the business for a particular period.

Often Asked Questions

What Are the Different Types of Car Insurance Coverage Offered in Memphis?

There are many different types of best car insurance coverage offered in Memphis. The most common types are accident, thorough, liability, and personal injury security (PIP). Collision protection spends for damage to your vehicle if you hit another item. In contrast, extensive protection pays for damage to your car from events such as fire, theft, or vandalism. Liability protection secures you if you are responsible for damages or injuries caused to another individual. At the very same time, PIP spends for medical costs and lost salaries if you are injured in a car accident.

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What Are the Minimum Liability Requirements for Car Insurance in Memphis?

The minimum liability requirements for car insurance in Memphis are $25,000/$50,000/$10,000. Your insurance provider will pay up to $25,000 for injuries sustained by someone in an accident, $50,000 for injuries sustained by 2 or more people in an accident, and $10,000 for home damage brought on by accident. However, it is necessary to note that these are just the minimum requirements, and you may need greater limitations depending upon your circumstance.

How Can I Get the Best Deal on Car Insurance in Memphis?

You can do a few things to get the best deal on car insurance in Memphis. One is to search and compare rates from different companies. Another is to take advantage of discount rates that might be readily available, such as a good motorist discount rate or a discount rate for having numerous policies with the same business. You can likewise raise your deductible to lower your premium.

What Other Factors Should I Consider When Shopping for Car Insurance in Memphis?

When looking for the best car insurance companies in Memphis, you should consider other factors, such as your vehicle type, driving history, and scenarios. For example, if you live in an area with a high criminal offense rate, you may want to purchase comprehensive coverage to safeguard your vehicle from theft or vandalism. If you have a bad driving history, you might wish to purchase greater limitations of liability protection.

What is the Best Car Insurance in Memphis?

When it concerns car insurance, there is no one-size-fits-all response. The best car insurance for you will depend on numerous elements, including your driving record, the worth of your car, and your spending plan.

That said, some insurance providers are more affordable than others in Memphis. Based on our research, the three most budget-friendly car insurance companies in Memphis are Geico, Progressive, and State Farm.

Geico is the biggest auto insurance provider in the United States and offers a variety of discounts, including for good chauffeurs and members of particular professional companies.

Progressive is another large insurance provider with a wide range of discounts for safe motorists and those who sign up for automatic payments.

State Farm is the biggest service provider of homeowners’ insurance in the United States and also provides car insurance. It supplies a variety of discounts, consisting of for safe motorists and great students.

Is Car Insurance Required in Memphis?

Yes, car insurance is needed in Memphis. All chauffeurs in Memphis need to have liability insurance, which covers damages to other individuals and home in the event of an accident. You need to also have uninsured/underinsured motorist protection, which secures you if you’re hit by a chauffeur who does not have insurance or doesn’t have adequate insurance to cover your damages.

How Much Car Insurance Do I Need in Memphis?

Memphis law needs all drivers to have car insurance. The minimum coverage you need to purchase is $25,000 for bodily injury liability per person, $50,000 for physical injury liability per accident, and $10,000 for property damage liability per mishap. Nevertheless, these are just the minimum quantities needed by law. You might wish to buy more than the minimum limits to secure yourself economically.

Can Bad Credit Affect the Cost of My Car Insurance?

Many think their credit report will not impact their car insurance rates, but this is not constantly the case. In Memphis, insurance providers can use your credit info when determining your premium. This practice is called “credit-based insurance scoring” and can significantly impact your car insurance cost.

If you have a poor credit score, you might be viewed as a high-risk chauffeur and be required to pay a greater premium. On the other hand, if you have a good credit rating, you might be qualified for discounts and may wind up paying less for your car insurance.

All insurance providers do not use credit-based insurance scoring in Memphis, so it’s vital to shop around and compare rates from numerous companies before choosing a policy. Be sure to ask each insurance provider if they utilize credit info when setting rates and how it might impact your premium.

Why is Car Insurance Expensive in Memphis?

Memphis car insurance rates are costly because of the high expense of living in the state. Memphis need to pay more for gas, repairs, and other car-related expenses than people in other states. The Memphis invests about $2,200 a year on car insurance, nearly double the nationwide average.

There are a couple of reasons why car insurance is so costly in Memphis. One factor is that the state has a lot of densely inhabited areas. This means that there are more cars and trucks on the road and more opportunities for mishaps to happen. Memphis likewise has numerous tourist destinations, meaning out-of-state drivers are more likely to enter into accidents.

Another factor car insurance is costly in Memphis is that the state needs all chauffeurs to carry accident protection (PIP) protection. PIP pays for medical costs and lost wages if you’re injured in an mishap. It’s required in the majority of states, but Memphis’s PIP protection is amongst the most comprehensive and costly in the country.

If you live in Memphis or are considering moving there, comparing car insurance rates from different companies prior to buying a policy is important. The rates can vary considerably from company to company, so it pays to look around. You can use our tool below to compare rates from different companies and discover the very best deal for your situation.

Why Do Car Insurance Rates Vary by Company and Driver?

There are numerous elements that insurance companies take into consideration when setting rates, consisting of the chauffeur’s age, gender, driving history, and the type of car being insured. Nevertheless, the most vital aspects are company-specific underwriting criteria and claims experience.

Underwriting is the insurer’s procedure to choose whether to accept or turn down a potential client. Each business has various underwriting requirements, so some may be more willing to insure high-risk motorists than others. Claims experience is another crucial element that can cause rates to vary from company to company. If an insurer has had a great deal of claims filed against it in a specific state or for a specific type of vehicle, it may charge higher rates to offset its losses.

The very best method to determine which business has the very best rates for you is to shop around and compare quotes from several insurance providers. Make certain you’re comparing apples to apples by getting quotes for the exact same level of coverage from each company. And don’t forget to ask about any discount rates that might be offered.

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