Best Car Insurance Companies in Memphis – September 2022

A car is a important possession, and you wish to ensure it’s well-protected in case of an mishap. That’s why car insurance is so important, and it’s something you must look into before you purchase 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 choices, we’ve compiled a list of the best car insurance companies in Memphis, September 2022. We’ve considered factors like customer support, protection choices, discount rates, and more to help you select the best insurance provider for your requirements.

Best Cheap Car Insurance Companies in Memphis

Memphis is among the most pricey states for car insurance, so searching for the best rates is necessary. The least expensive car insurance companies in Memphis are Geico, State Farm, and Progressive. When shopping for car insurance in Memphis, compare rates from numerous companies to find the very best offer.

Here are the top 5 car insurance companies in Memphis – September 2022:


Geico is Best Car Insurance Companies in Memphis

Geico is among the most well-known and earliest auto insurance companies in the United States. The business was founded in 1936 and has ended up being the nation’s second-largest car insurer. Geico offers a wide range of insurance products, such as car, homeowners, tenants, motorbikes, and boat insurance. The business is well-known for its successful ad campaign including Geico Gecko and other characters.

The Pros and Cons of Geico


  • Available in all 50 states. Geico is an insurance company that provides car coverage in every state. They supply auto insurance to residents no matter where they reside in the United States.
  • User friendly. Geico has developed a user-friendly website and mobile app that is straightforward, easy to utilize, and protect. You can utilize the platform to handle your insurance plan, file claims, and pay.
  • Plenty of discounts. You can save on your Geico insurance premiums by making the most of the discount rates they use, such as if you have a clean driving history or are a federal worker.


  • It only offers through Geico agents. If you’re thinking about dealing with an independent broker, they will not be able to estimate Geico policies. That’s because Geico only sells their policies straight and won’t partner with other companies. However, if you ‘d like to compare your alternatives, we can show you estimates from leading companies without inputting all of your info for each quote.
  • Geico does not underwrite all of its other products. Geico partners with third-party companies to provide other insurance products, like homeowners insurance. That implies that Geico will satisfy your auto claim, however you might need to look after your homeowner’s insurance claim with an firm like AIG.



There are a couple of things to consider when looking for the best car insurance companies in Memphis. The very first is price. You’ll want to discover a business that uses a reasonable rate on your premium. The second is protection. You’ll want to ensure you get the best coverage for your requirements. And the 3rd is customer support. You’ll want to find a company with great client service and easy to deal with. Relating to car insurance, progressive companies tend to be more costly than others. However they also provide more protection choices, which can be worth the extra expense. Progressive offers various types of coverage, including accident, thorough, liability, and medical payments. They also have a variety of discount rates offered, consisting of discounts for good motorists, safe motorists, and chauffeurs who have actually taken a defensive driving course.

If you’re looking for the best car insurance companies in Memphis, price isn’t the only thing you ought to consider. Coverage and customer service are important factors as well. But if you’re trying to find a progressive company using many coverage choices and discount rates, then advanced might be the best option.

The Pros and Cons of Progressive


  • It provides a variety of insurance options. So you can discover the protection that Best matches your needs.
  • Among the largest car insurance companies in the United States. so you can be positive that you’re getting trusted coverage.
  • Discounts. Deals discount rates for a variety of things, consisting of safe driving, multi-car policies, and more
  • Relied on brand name. It has a popular and relied on brand name, so you can be sure you’re getting quality coverage.


  • The business does not have the most prolonged history in the industry. Established in 1937, Progressive is one of the more recent insurance providers compared to companies like State Farm and Allstate. Depending upon your viewpoint, this might be seen as favorable or unfavorable.
  • Progressive may not have the most detailed variety of coverage alternatives offered. While they use basic auto insurance coverage, they may not have as numerous add-on alternatives as other insurance companies.
  • Progressive’s rates are not always the cheapest. They are typically competitive, however there are in some cases more budget friendly alternatives. This is why it’s always important to compare rates from several insurance companies prior to making a final decision.
  • Some clients have complained about customer care issues with Progressive. While this is certainly not universal, it is something to be aware of if you’re considering them as your insurance provider.

State Farm

State Farm

State Farm is a large and popular auto insurance company in the United States. The company supplies its customers with a wide range of protection choices, discounts, and benefits. Furthermore, State Farm has a strong monetary ranking and an comprehensive network of representatives and claims agents. State Farm is an exceptional option for trustworthy and reasonably priced auto insurance. With over 80 years of industry experience, they have actually provided quality coverage to their clients at a reasonable cost. Additionally, they supply various discounts and advantages that can help you save much more money.

The Pros and Cons of State Farm


  • History company. The business has a long history of offering quality coverage and exceptional customer support, making it one of the most relied on names in the market.
  • Protection choices. State Farm offers extensive coverage choices so that you can customize your policy to your particular needs.
  • Rates and discount rates. They offer competitive rates and discounts, saving you cash on your premium.
  • Quick and easy claims process. State Farm is understood for its fast and simple claims procedure, which can assist you return on the road after an accident.


  • Widest range. The business doesn’t have the largest variety of protection alternatives, so you may be not able to find a policy that precisely fits your requirements.
  • Greater rates. State Farm’s rates are typically on the greater side when compared to other insurance providers.
  • Slow processing. Some customers have actually complained about the claims process, stating it can be sluggish and discouraging.


Allstate One of the Best Car Insurance Companies in Memphis

Allstate is among the nation’s biggest car insurance companies, guaranteeing over 16 million vehicles. They supply a vast array of coverage options and excellent customer support. Allstate auto insurance is not like your normal insurance plan. For starters, Allstate offers a pay-per-mile program. Driving less can help you save cash on your insurance premiums. It works by installing a device in your car that screens your mileage. Then, at the end of every month, you send out Allstate reports detailing the variety of miles you drove. Allstate will compute your premium for the following month based upon this details.

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The Pros and Cons of Allstate


  • Available in all 50 states. Motorists all over the country (including Florida, Alaska and Hawaii) can guarantee their cars and trucks with Allstate, which isn’t true of all of its rivals.
  • High claims fulfillment rankings. 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 readily available. Allstate provides a long list of discount rates for chauffeurs, including savings for paying your policy completely, going paperless, and bundling your car with home insurance or another policy through Allstate.
  • Distinct cost savings chances. Allstate also uses its signature Drivewise program. Getting involved chauffeurs utilize an app that tracks their driving behaviour and can get cash off their premiums for safe driving.
  • Will guarantee high-risk motorists. In particular states, Allstate provides non-standard auto insurance for motorists thought about “high-risk” and may have problem finding protection from other insurance companies.


  • Our sample quote was higher than typical. When we ran a sample quote for an typical motorist through Allstate, we got rates greater than the national average for car insurance. You might need to dig into their discount rates to get the very best deal on your coverage.
  • Some middling customer rankings. While Allstate scores well for claims satisfaction, its general consumer ratings are typical with third-party firms like J.D. Power and Consumer Reports.



Founded in 1922, USAA is a Fortune 500 company that offers a complete range of insurance and monetary services items to more than 13 million members of the military community and their families.

With its head office in San Antonio, Texas, USAA has over 30,000 workers and operates in all 50 states. The company’s insurance includes car, homeowners, life, health, and umbrella coverage.

USAA consistently ranks amongst the very best car insurance companies relating to customer satisfaction. In J.D. Power’s 2020 U.S. Auto Insurance Study, USAA received the highest possible score in every category, including overall fulfillment, claims fulfillment, policy offerings, rates, and billing procedure and interactions.

In addition to its exceptional client service rankings, USAA is likewise among the most affordable car insurance companies in Memphis. In our study of the best inexpensive car insurance companies in N.Y., USAA had an average annual rate of $1,028– practically $400 less than the state median!

The Pros and Cons of USAA


  • Competitive rates. Among the most significant benefits of USAA car insurance is its competitive rates. This is important because it can conserve you a great deal of money on your premiums.
  • Outstanding reputation. USAA is a well-known and highly regarded business that can offer you peace of mind regarding your coverage.
  • Offer numerous discount rates. If you have multiple cars or are a safe driver, you may be eligible for discounts on your premium.
  • Have outstanding customer service. If you have any concerns or issues with your policy, their client service agents will enjoy to help you.


  • Only run in certain states. This means that if you transfer to a different state, you will no longer be able to keep your policy with them.
  • Not cover all of the damages caused by accident. This suggests that if your car is totalled, you may not get adequate money from

How Much Does Car Insurance Cost in Memphis?

Memphis car insurance rates are some of the greatest in the nation, however there are still ways to conserve. Let’s look at the typical cost of car insurance in Memphis and some of the best ways to get less expensive coverage.

How Much Does Average Car Insurance Cost in Memphis?

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

Numerous factors impact the cost of car insurance in Memphis. These consist of the kind of vehicle you drive, your driving record, your age, where you live, and the quantity of protection you need.

If you’re searching for ways to save on car insurance in Memphis, think about raising your deductible, taking advantage of discounts, and looking around for the best rates.

How to Find the very best Car Insurance in Memphis?

If you’re looking for the best car insurance in Memphis, there are a few things you’ll wish to bear in mind. First, consider your requirements and budget. What sort of coverage do you need? How Much can you pay for to spend? Once you have a good idea of what you’re looking for, begin comparing rates from various insurance companies.

A couple of great resources can help you compare rates and discover the very best deal. The Memphis State Insurance Department’s site lists insurers and their contact info. You can likewise utilize an online quote comparison tool like The Zebra to get quotes from multiple insurers.

When you’re all set to purchase, search and compare rates before selecting a policy. Likewise, ensure you comprehend your policy’s terms before signing on the dotted line.

Car Insurance Discounts in Memphis

There are a number of discount rates offered to Memphis chauffeurs concerning car insurance. Numerous insurance companies provide a discount for taking driver’s education courses, and there are likewise discounts offered for young motorists who maintain good grades in school. Furthermore, some insurance providers offer a “pay-as-you-drive” discount rate based upon the quantity of driving you do each year.

You might be eligible for a number of discount rates if you have a clean driving record, including a safe chauffeur discount or a great student discount. Some insurance companies likewise offer discount rates for setting up particular security gadgets in your cars, such as anti-theft or accident avoidance systems. Lastly, numerous insurers provide commitment discount rates for consumers who have been with the business for a particular duration.

Often Asked Questions

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

There are various kinds of best car insurance coverage readily available in Memphis. The most typical types are accident, extensive, liability, and accident security (PIP). Collision coverage pays for damage to your vehicle if you collide with another object. On the other hand, extensive protection spends for damage to your car from events such as fire, theft, or vandalism. Liability coverage protects you if you are responsible for damages or injuries caused to another individual. At the exact same time, PIP spends for medical expenses and lost incomes 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 one person in an mishap, $50,000 for injuries sustained by 2 or more individuals in an accident, and $10,000 for property damage brought on by mishap. Nevertheless, it is necessary to note that these are just the minimum requirements, and you may require higher limitations depending on your situation.

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

You can do a couple of things to get the best offer on car insurance in Memphis. One is to look around and compare rates from various companies. Another is to benefit from discounts that might be offered, such as a excellent chauffeur discount rate or a discount for having numerous policies with the exact same company. You can also raise your deductible to reduce 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 ought to consider other factors, such as your vehicle type, driving history, and circumstances. For instance, if you live in an location with a high criminal offense rate, you may want to purchase comprehensive coverage to protect your vehicle from theft or vandalism. If you have a bad driving history, you may want to buy greater limits of liability coverage.

What is the very best Car Insurance in Memphis?

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

That stated, some insurance companies are cheaper than others in Memphis. Based upon our research, the three most budget friendly car insurance companies in Memphis are Geico, Progressive, and State Farm.

Geico is the biggest auto insurer in the United States and uses a range of discount rates, consisting of for excellent chauffeurs and members of specific expert companies.

Progressive is another large insurance company with a large range of discount rates for safe motorists and those who register for automated payments.

State Farm is the biggest provider of property owners’ insurance in the United States and also uses auto insurance. It provides a variety of discounts, including for safe chauffeurs and good trainees.

Is Car Insurance Required in Memphis?

Yes, car insurance is needed in Memphis. All motorists in Memphis must have liability insurance, which covers damages to other individuals and home in case of an mishap. You need to also have uninsured/underinsured driver coverage, which secures you if you’re hit by a motorist who doesn’t have insurance or does not have enough insurance to cover your damages.

How Much Car Insurance Do I Need in Memphis?

Memphis law needs all chauffeurs to have car insurance. The minimum protection you need to purchase is $25,000 for physical injury liability per individual, $50,000 for physical injury liability per accident, and $10,000 for property damage liability per accident. Nevertheless, these are only the minimum quantities needed by law. You might want to buy more than the minimum limits to secure yourself economically.

Can Bad Credit Affect the Cost of My Car Insurance?

Lots of believe their credit history will not impact their car insurance rates, however this is not always the case. In Memphis, insurance companies can use your credit details when calculating your premium. This practice is called “credit-based insurance scoring” and can considerably affect your car insurance cost.

If you have a poor credit rating, you may be viewed as a high-risk motorist and be required to pay a greater premium. On the other hand, if you have a excellent credit report, you might be qualified for discount rates and may end up paying less for your car insurance.

All insurance providers do not use credit-based insurance scoring in Memphis, so it’s vital to search and compare rates from several companies prior to choosing a policy. Make sure to ask each insurer 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 pricey since of the high cost of living in the state. Memphis have to pay more for gas, repairs, and other car-related expenses than individuals in other states. The Memphis spends about $2,200 a year on car insurance, almost double the national average.

There are a couple of reasons that car insurance is so pricey in Memphis. One factor is that the state has a great deal of densely populated areas. This implies that there are more vehicles on the roadway and more chances for mishaps to take place. Memphis also has lots of tourist destinations, implying out-of-state motorists are more likely to enter into mishaps.

Another factor car insurance is expensive in Memphis is that the state requires all motorists to carry injury security (PIP) protection. PIP spends for medical expenditures and lost incomes if you’re hurt in an mishap. It’s needed in the majority of states, however Memphis’s PIP coverage is among the most thorough and costly in the nation.

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

Why Do Car Insurance Rates Vary by Company and Driver?

There are numerous factors that insurance companies consider when setting rates, including the driver’s age, gender, driving history, and the kind of car being insured. Nevertheless, the most critical aspects are company-specific underwriting criteria and claims experience.

Underwriting is the insurance provider’s process to decide whether to accept or reject a potential customer. Each company has different underwriting standards, so some might be more going to guarantee high-risk chauffeurs than others. Claims experience is another crucial element that can cause rates to differ from company to business. If an insurance company has actually had a great deal of claims filed against it in a particular state or for a specific kind of vehicle, it may charge greater rates to offset its losses.

The best way to identify which business has the best rates for you is to search and compare quotes from multiple insurers. Make sure you’re comparing apples to apples by getting quotes for the exact same level of protection from each company. And do not forget to inquire about any discount rates that may be readily available.

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