Car Insurance Cost in Memphis, TN – Cheapest Rates + Rankings

Is auto insurance expensive in Memphis, TN? We rank over 150 vehicles to find the models with cheapest car insurance quotes in Memphis.

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  • The average cost of car insurance in Memphis is 20% more than the national average rate of $1,567.
  • Memphis auto insurance costs an average of $674 per year more than the Tennessee state average rate and $313 per year more than the rate average for the entire United States.
  • Monthly car insurance rates for a few popular vehicles in Memphis include the Hyundai Elantra at $177, Toyota Highlander at $158, and Nissan Altima at $175.
  • For cheap car insurance in Memphis, SUV models like the Mazda CX-5, Nissan Kicks, and Chevrolet Trailblazer cost less than most other makes and models.

How much does car insurance cost in Memphis?

Average car insurance cost in Memphis is $1,880 per year, which is 20% more than the U.S. average rate of $1,567. Average car insurance cost per month in Memphis is $157 for a policy that provides full coverage.

The average car insurance cost in Tennessee is $1,206 per year, so Memphis drivers pay an average of $674 more per year than the overall Tennessee state-wide average rate. When compared to other cities in Tennessee, the cost to insure a car in Memphis is approximately $330 per year more than in Nashville, $386 per year more expensive than in Clarksville, and $380 per year more than in Knoxville.

The chart below shows examples of average Memphis auto insurance cost broken out for a variety of driver ages, policy deductibles, and driver risk scenarios. Rates are averaged for all 2022 model year vehicles including luxury models.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for the 2022 model year with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Average car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
Memphis, TN Car Insurance Cost Summary
Average Car Insurance Cost in Memphis, TN
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,260$355
Safe Driver Age 20$3,732$311
At-fault Accidents Age 40$2,650$221
Low Deductibles Age 40$2,442$204
Safe Driver Age 30$1,980$165
Safe Driver Age 40$1,880$157
Safe Driver Age 50$1,710$143
Safe Driver Age 60$1,680$140
High Deductibles Age 40$1,590$133
Discount Rate Age 40$1,562$130

Average rates in the prior chart range from $1,562 per year for a 40-year-old driver who shops around for the cheapest Memphis car insurance rates to $4,260 per year for a 20-year-old driver who has a subpar driving record and has to buy high risk car insurance. The rate used in this article to compare different vehicles or locations is the 40-year-old safe driver rate, which has an average cost of $1,880 per year.

As a monthly expense, average car insurance cost in Memphis ranges from $130 to $355 for the same deductible limits and driver ages shown in the prior chart.

Memphis car insurance rates vary considerably and can also be significantly different between companies. The potential for large premium differences emphasizes the need for accurate auto insurance quotes when shopping for the cheapest car insurance in Memphis.

The age of the rated driver is one of the largest factors in the price of auto insurance. The list below illustrates this point by breaking down average car insurance rates in Memphis depending on driver age.

Average car insurance cost for Memphis drivers age 16 to 60

  • 16-year-old rated driver – $6,734 per year or $561 per month
  • 17-year-old rated driver – $6,288 per year or $524 per month
  • 18-year-old rated driver – $5,872 per year or $489 per month
  • 19-year-old rated driver – $5,312 per year or $443 per month
  • 20-year-old rated driver – $3,732 per year or $311 per month
  • 30-year-old rated driver – $1,980 per year or $165 per month
  • 40-year-old rated driver – $1,880 per year or $157 per month
  • 50-year-old rated driver – $1,710 per year or $143 per month
  • 60-year-old rated driver – $1,680 per year or $140 per month

The rates in the list above for teen drivers were based on the driver being male. The chart below goes into more detail regarding the cost of insuring teen drivers and illustrates average teen driver rates in Memphis by gender. Females generally have cheaper auto insurance rates, especially as teenagers.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Teenage driver rates are for the 2022 model year with $500 physical damage deductibles. Average car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
Teen Driver Car Insurance Cost in Memphis
Average Car Insurance Cost in Memphis, TN for Teenage Drivers
Teen Driver Gender Age 16 Age 17 Age 18 Age 19
Male$6,734$6,288$5,872$5,312
Female$5,930$5,592$5,096$4,724

Car insurance for a 16-year-old female in Memphis costs an average of $804 less per year than the cost for a 16-year-old male, while at age 19, the cost difference is less but males still pay an average of $588 more per year.

The car insurance rates mentioned above are averaged for all 2022 vehicle models, which is handy when making overall comparisons such as the cost difference between two locations. Average auto insurance rates are great when presented with a question like “are Memphis car insurance rates cheaper than in Murfreesboro?” or “is car insurance cheaper in Tennessee or Illinois?”.

For more useful auto insurance rate comparisons, however, it makes sense to analyze the exact vehicle being insured. Every model has it’s own risk profile for liability and physical damage claims, and this data allows us to make cost projections and comparisons.

The next list breaks down both annual and monthly average car insurance rates in Memphis for the more popular vehicles. At the end of this article, there is a section that examines car insurance rates for some of these models even more in-depth.

Average annual and monthly car insurance cost for popular models in Memphis

What vehicles have the cheapest car insurance in Memphis?

When comparing rates for all vehicle models, the models with the cheapest average insurance rates in Memphis, TN, tend to be compact SUVs and crossovers like the Nissan Kicks, Chevrolet Trailblazer, and Subaru Crosstrek.

Average auto insurance quotes for those small SUVs cost $1,856 or less per year ($155 per month) for a full coverage policy.

A few other vehicles that have low-cost auto insurance rates in the comparison table below are the Toyota Corolla Cross, Buick Envision, Mazda MX-5 Miata, and Acura RDX.

Average auto insurance rates are a little bit more for those models than the cheapest compact SUVs that rank near the top, but they still have an average cost of $1,930 or less per year, or $161 per month.

The following table shows the 30 models with the cheapest car insurance in Memphis, sorted by average cost.

Top 30 Cheapest Auto Insurance Rates in Memphis
Rank Make/Model Annual Cost Monthly Cost
1Mazda CX-5$1,430$119
2Nissan Kicks$1,468$122
3Chevrolet Trailblazer$1,476$123
4Subaru Crosstrek$1,508$126
5Honda Passport$1,510$126
6Chevrolet Colorado$1,548$129
7Toyota C-HR$1,548$129
8Buick Encore$1,552$129
9Nissan Rogue Sport$1,570$131
10Hyundai Venue$1,596$133
11Buick Envision$1,600$133
12Kia Seltos$1,604$134
13Ford Maverick$1,610$134
14Acura RDX$1,612$134
15Subaru Ascent$1,616$135
16Toyota Corolla Cross$1,616$135
17Hyundai Kona$1,626$136
18Mazda MX-5 Miata$1,628$136
19Subaru Forester$1,630$136
20Subaru Impreza$1,630$136
21Volkswagen Tiguan$1,634$136
22Chevrolet Spark$1,638$137
23Honda CR-V$1,648$137
24Cadillac XT4$1,652$138
25Mazda CX-30$1,662$139
26Ford Ranger$1,672$139
27Honda HR-V$1,688$141
28Ford Edge$1,694$141
29Ford Ecosport$1,704$142
30Chevrolet Trax$1,724$144

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average car insurance rate for each model assumes a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premiums. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
    Top 30 Cheapest Auto Insurance Rates in Memphis

    A table of 30 vehicle models with cheap Memphis car insurance really is not a great way to present an overall summary of the cost of auto insurance. A more thorough way to look at rates for more vehicles is by breaking them out by automotive segment.

    This next section further discusses the cost of car insurance based on automotive segment. This will give you a good idea of the types of vehicles that have the overall cheapest Memphis auto insurance rates. Then the sections after the chart break out and rank the specific models that have the cheapest insurance rates for each automotive segment.

    Memphis auto insurance rates by vehicle segment

    When shopping for a new or used vehicle, it’s very useful to know which types of vehicles have cheaper car insurance rates. To illustrate this, maybe you’re curious if compact SUVs are cheaper to insure than minivans or if regular SUVs are more affordable to insure than luxury SUVs.

    The next chart displays the average car insurance cost in Memphis for each automotive segment. Typically, compact SUVs and midsize pickup trucks have the most affordable average auto insurance rates, while exotic high-performance models have the most expensive overall rates.

    Get Rates in Your AreaWhy is this important?

    Chart Data Details: Average Memphis car insurance cost by segment is based on 2022 model year vehicles with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged for all Memphis Zip Codes.Data last updated on November 22, 2022
    Average Memphis Auto Insurance Rates by Automotive Segment
    Memphis Car Insurance Rates by Vehicle Segment
    Vehicle Segment Annual Rate Monthly Rate
    Compact SUV$1,756$146
    Midsize Pickup$1,806$151
    Minivan$1,892$158
    Midsize SUV$1,902$159
    Compact Car$1,934$161
    Midsize Car$1,958$163
    Half-ton Pickup$2,042$170
    Compact Luxury SUV$2,110$176
    Large SUV$2,122$177
    Compact Luxury Car$2,136$178
    Large Car$2,176$181
    Heavy Duty Pickup$2,242$187
    Midsize Luxury SUV$2,272$189
    Midsize Luxury Car$2,490$208
    Sports Car$2,654$221
    Large Luxury SUV$2,840$237
    Large Luxury Car$2,974$248

    Rates by different vehicle segments are precise enough for getting an initial comparison, but cost ranges substantially within each automotive segment listed in the above chart.

    For example, in the small luxury car segment, rates range from the Mercedes-Benz A220 costing $1,850 per year for a full coverage policy to the BMW M340i costing $2,346 per year, a difference of $496 within that segment.

    Also, in the midsize truck segment, average rates range from the Chevrolet Colorado at $1,548 per year to the Rivian R1T costing $2,392 per year.

    In the following sections, we will eliminate a lot of this variability by looking at the cost of car insurance in Memphis for specific vehicles.

    Cheapest cars to insure in Memphis

    Ranking at the top for the most affordable Memphis auto insurance rates in the non-luxury sedan or hatchback segment are the Subaru Impreza, Chevrolet Spark, Volkswagen Golf, Subaru Legacy, and Volkswagen Jetta. Auto insurance prices for these 2022 models average $152 or less per month.

    Not the cheapest in the list, but still ranking well, are models like the Honda Insight, Toyota Corolla, Kia K5, and Toyota Camry, with average annual insurance rates of $1,850 per year or less.

    Auto insurance in this segment starts at an average of $136 per month, depending on the company.

    The rate comparison table below ranks the cars with the cheapest car insurance rates in Memphis, starting with the Subaru Impreza at $1,630 per year ($136 per month) and ending with the Chevrolet Malibu at $1,954 per year ($163 per month).

    Cheapest Car Insurance in Memphis
    Make/Model Vehicle Size Annual Cost Monthly Cost
    Subaru ImprezaCompact$1,630$136
    Chevrolet SparkCompact$1,638$137
    Volkswagen GolfCompact$1,808$151
    Subaru LegacyMidsize$1,824$152
    Volkswagen JettaCompact$1,826$152
    Honda InsightMidsize$1,828$152
    Nissan SentraCompact$1,834$153
    Kia K5Midsize$1,848$154
    Toyota CorollaCompact$1,848$154
    Toyota CamryMidsize$1,850$154
    Kia RioCompact$1,854$155
    Volkswagen PassatMidsize$1,858$155
    Honda CivicCompact$1,862$155
    Mazda 3Compact$1,870$156
    Mazda 6Midsize$1,872$156
    Toyota PriusCompact$1,880$157
    Hyundai AccentCompact$1,902$159
    Hyundai VelosterCompact$1,922$160
    Kia ForteCompact$1,924$160
    Chevrolet MalibuMidsize$1,954$163

      Get Rates in Your AreaWhy is this important?

      Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
      Cheapest Car Insurance in Memphis

      A few popular car models that ranked out of the top 20 include the Chrysler 300 at an average of $2,014 per year, the Tesla Model 3 costing $1,976, the Nissan Maxima costing $2,098, and the Volkswagen Jetta costing $1,826.

      See our guides for compact car insurance, midsize car insurance, and full-size car insurance to compare rates for all makes and models.

      Don’t see insurance rates for your vehicle? That’s no problem! Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get free Memphis car insurance quotes from top companies in Tennessee.

      Cheapest SUV insurance rates in Memphis

      The four highest ranking SUVs with the most affordable auto insurance rates in Memphis are the Mazda CX-5 at $1,430 per year, Nissan Kicks at $1,468 per year, Chevrolet Trailblazer at $1,476 per year, and Honda Passport at $1,510 per year.

      Not the cheapest in the list, but still ranking well, are SUVs like the Buick Envision, Buick Encore, Hyundai Venue, and Nissan Rogue Sport, with average annual insurance rates of $1,600 per year or less.

      As a cost per month, full-coverage auto insurance on this segment in Memphis starts at around $119 per month, depending on your company and location.

      The lowest-cost non-luxury compact SUV to insure in Memphis is the Mazda CX-5 at $1,430 per year. For midsize SUVs, the Honda Passport is cheapest to insure at $1,510 per year. And for full-size non-luxury SUVs, the Chevrolet Tahoe is most affordable to insure at $1,890 per year.

      The rate comparison table below ranks the twenty SUVs with the most affordable average car insurance rates in Memphis, starting with the Mazda CX-5 at $1,430 per year ($119 per month) and ending with the Ford Edge at $1,694 per year ($141 per month).

      Cheapest SUV Insurance in Memphis
      Make/Model Vehicle Size Annual Cost Monthly Cost
      Mazda CX-5Compact$1,430$119
      Nissan KicksCompact$1,468$122
      Chevrolet TrailblazerCompact$1,476$123
      Subaru CrosstrekCompact$1,508$126
      Honda PassportMidsize$1,510$126
      Toyota C-HRCompact$1,548$129
      Buick EncoreCompact$1,552$129
      Nissan Rogue SportCompact$1,570$131
      Hyundai VenueCompact$1,596$133
      Buick EnvisionCompact$1,600$133
      Kia SeltosCompact$1,604$134
      Subaru AscentMidsize$1,616$135
      Toyota Corolla CrossCompact$1,616$135
      Hyundai KonaCompact$1,626$136
      Subaru ForesterCompact$1,630$136
      Volkswagen TiguanCompact$1,634$136
      Honda CR-VCompact$1,648$137
      Mazda CX-30Compact$1,662$139
      Honda HR-VCompact$1,688$141
      Ford EdgeMidsize$1,694$141

        Get Rates in Your AreaWhy is this important?

        Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
        Cheapest SUV Insurance in Memphis

        The most popular SUVs in Memphis often have more expensive auto insurance rates. A few of the more popular models that cost more to insure than the 20 vehicles above include the Toyota Highlander at an average of $1,890 per year ($158 per month), the Honda Pilot costing $1,908 ($159 per month), and the Hyundai Santa Fe at $1,962 ($164 per month).

        See our comprehensive guides for compact SUV insurance, midsize SUV insurance, and full-size SUV insurance to view data for vehicles not featured in the table.

        Looking for rates for a different SUV? No sweat! Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free Memphis car insurance quotes from the best companies in Tennessee.

        Cheapest luxury cars to insure in Memphis

        Ranking #1 in Memphis for cheapest auto insurance in the luxury car segment is the Acura ILX, at an average of $1,732 per year. Second place is the Mercedes-Benz A220 at $1,850 per year, coming in third is the BMW 330i, costing an average of $1,988 per year, and the fourth cheapest is the Acura TLX, costing an average of $1,998 per year.

        Also ranking well in our comparison are luxury cars like the BMW 230i, BMW 330e, Alfa Romeo Giulia, and BMW 228i, with an average car insurance cost of $2,088 per year or less.

        Additional 2022 models worth mentioning include the Cadillac CT5, Audi S3, Audi A4, Cadillac CT4, and Mercedes-Benz AMG CLA35, which cost between $2,088 and $2,186 per year to insure in Memphis.

        As a cost per month, car insurance rates on this segment in Memphis can cost as low as $144 per month, depending on where you live and the company you use.

        The comparison table below ranks the cars with the most affordable average car insurance rates in Memphis, starting with the Acura ILX at $1,732 per year ($144 per month) and ending with the Audi S3 at $2,186 per year ($182 per month).

        Cheapest Luxury Car Insurance in Memphis
        Make/Model Vehicle Size Annual Cost Monthly Cost
        Acura ILXMidsize$1,732$144
        Mercedes-Benz A220Compact$1,850$154
        BMW 330iCompact$1,988$166
        Acura TLXCompact$1,998$167
        Volvo S60Compact$2,018$168
        BMW 330eCompact$2,026$169
        BMW 228iCompact$2,038$170
        BMW 230iCompact$2,052$171
        Lexus RC 300Midsize$2,084$174
        Alfa Romeo GiuliaCompact$2,088$174
        Cadillac CT4Compact$2,088$174
        Lexus RC 350Compact$2,094$175
        Genesis G70Compact$2,122$177
        Mercedes-Benz AMG CLA35Midsize$2,134$178
        BMW i4Midsize$2,146$179
        Cadillac CT5Midsize$2,152$179
        Audi A3Midsize$2,174$181
        Audi A4Compact$2,178$182
        Mercedes-Benz AMG CLA45Midsize$2,184$182
        Audi S3Compact$2,186$182

          Get Rates in Your AreaWhy is this important?

          Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
          Cheapest Luxury Car Insurance in Memphis

          See our comprehensive guide for luxury car insurance to view data for vehicles not featured in the table.

          Don’t see your luxury car in the list? Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get cheap Memphis car insurance quotes from the best auto insurance companies in Tennessee.

          Cheapest luxury SUV insurance rates in Memphis

          Ranking highest for the most affordable Memphis car insurance rates in the luxury SUV segment are the Acura RDX, Volvo XC40, Cadillac XT4, Lexus NX 250, and Cadillac XT5. Rates for these vehicles average $1,872 or less per year.

          Additional models that rank well in our comparison include the BMW X1, Lexus UX 250h, Lexus UX 200, and Lexus NX 350, with average annual insurance rates of $1,922 per year or less.

          As a cost per month, auto insurance rates in Memphis on this segment for a middle-age safe driver starts at around $134 per month, depending on the company.

          If vehicle size is considered, the most affordable compact luxury SUV to insure in Memphis is the Acura RDX at $1,612 per year, or $134 per month. For midsize 2022 models, the Cadillac XT5 has the cheapest rates at $1,850 per year, or $154 per month. And for full-size luxury SUV models, the Volvo XC90 has the cheapest car insurance rates at $2,036 per year, or $170 per month.

          The next table ranks the SUVs with the lowest-cost car insurance rates in Memphis, starting with the Acura RDX at $1,612 per year ($134 per month) and ending with the Lincoln Corsair at $1,992 per year ($166 per month).

          Cheapest Luxury SUV Insurance in Memphis
          Make/Model Vehicle Size Annual Cost Monthly Cost
          Acura RDXCompact$1,612$134
          Cadillac XT4Compact$1,652$138
          Volvo XC40Compact$1,810$151
          Cadillac XT5Midsize$1,850$154
          Lexus NX 250Compact$1,872$156
          BMW X1Compact$1,876$156
          Lexus NX 350hCompact$1,884$157
          Lexus UX 250hCompact$1,886$157
          Lexus NX 350Compact$1,918$160
          Lexus UX 200Compact$1,922$160
          Jaguar E-PaceMidsize$1,928$161
          Lexus RX 350Midsize$1,936$161
          Acura MDXMidsize$1,946$162
          Lincoln NautilusMidsize$1,964$164
          Lexus NX 450hCompact$1,970$164
          Mercedes-Benz GLB 250Compact$1,976$165
          Lexus RX 450hMidsize$1,984$165
          Infiniti QX50Midsize$1,990$166
          Land Rover EvoqueCompact$1,990$166
          Lincoln CorsairCompact$1,992$166

            Get Rates in Your AreaWhy is this important?

            Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
            Cheapest Luxury SUV Insurance in Memphis

            For all luxury SUV comparisons, see our complete guide for luxury SUV insurance.

            Looking for rates for a different luxury SUV? Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free car insurance quotes from top auto insurance companies in Tennessee.

            Cheapest sports car insurance rates in Memphis

            Taking the top spot in Memphis for the lowest-cost insurance in the sports car segment is the Mazda MX-5 Miata, at an average of $1,628 per year. Second place is the Ford Mustang at $1,982 per year, third place goes to the BMW Z4, costing an average of $2,026 per year, and ranking fourth is the Subaru WRX, costing an average of $2,138 per year.

            Also ranking in the top 10 are models like the Toyota GR Supra, Audi TT, Chevrolet Corvette, and BMW M3, with an average cost to insure of $2,436 per year or less.

            Full-coverage auto insurance for this segment in Memphis starts at around $136 per month, depending on the company.

            The rate comparison table below ranks the twenty sports cars with the cheapest insurance rates in Memphis, starting with the Mazda MX-5 Miata at $1,628 per year ($136 per month) and ending with the Lexus LC 500 at $3,098 per year ($258 per month).

            Cheapest Sports Car Insurance in Memphis
            Make/Model Vehicle Type Annual Cost Monthly Cost
            Mazda MX-5 MiataSports Car$1,628$136
            Ford MustangSports Car$1,982$165
            BMW Z4Sports Car$2,026$169
            Subaru WRXSports Car$2,138$178
            Toyota GR86Sports Car$2,192$183
            Toyota GR SupraSports Car$2,242$187
            Audi TTSports Car$2,290$191
            Subaru BRZSports Car$2,358$197
            Chevrolet CorvetteSports Car$2,370$198
            BMW M3Sports Car$2,436$203
            Porsche 718Sports Car$2,544$212
            Chevrolet CamaroSports Car$2,608$217
            Lexus RC FSports Car$2,668$222
            Dodge ChallengerSports Car$2,678$223
            Mercedes-Benz AMG GT53Sports Car$2,716$226
            Jaguar F-TypeSports Car$2,842$237
            Porsche TaycanSports Car$2,918$243
            Porsche 911Sports Car$2,988$249
            BMW M4Sports Car$2,994$250
            Lexus LC 500Sports Car$3,098$258

              Get Rates in Your AreaWhy is this important?

              Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
              Cheapest Sports Car Insurance in Memphis

              Looking for a different vehicle? Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get free car insurance quotes from top auto insurance companies in Memphis.

              Cheapest pickup truck insurance rates in Memphis

              The top five most affordable pickup trucks to insure in Memphis are the Chevrolet Colorado, Ford Maverick, Ford Ranger, Toyota Tacoma, and Nissan Frontier. Average insurance rates for for these five models range from $1,548 to $1,792 per year.

              Not the cheapest, but still very affordable, are models like the Ford F150, Honda Ridgeline, Hyundai Santa Cruz, and Jeep Gladiator, with average annual insurance rates of $1,850 per year or less.

              On a monthly basis, full-coverage car insurance on this segment in Memphis will start around $129 per month, depending on your location. The comparison table below ranks the pickups with the cheapest car insurance rates in Memphis, starting with the Chevrolet Colorado at $129 per month and ending with the GMC Sierra 3500 at $184 per month.

              Cheapest Pickup Insurance in Memphis
              Make/Model Vehicle Size Annual Cost Monthly Cost
              Chevrolet ColoradoMidsize$1,548$129
              Ford MaverickMidsize$1,610$134
              Ford RangerMidsize$1,672$139
              Toyota TacomaMidsize$1,744$145
              Nissan FrontierMidsize$1,792$149
              Hyundai Santa CruzMidsize$1,808$151
              GMC CanyonMidsize$1,810$151
              Ford F150Full-size$1,820$152
              Honda RidgelineMidsize$1,834$153
              Jeep GladiatorMidsize$1,850$154
              GMC SierraFull-size$1,918$160
              Nissan TitanFull-size$1,986$166
              Chevrolet SilveradoFull-size$2,022$169
              Toyota TundraFull-size$2,022$169
              Ford F350 Super DutyHeavy Duty$2,042$170
              Chevrolet Silverado HD 3500Heavy Duty$2,056$171
              Nissan Titan XDHeavy Duty$2,112$176
              Ram TruckFull-size$2,150$179
              GMC Sierra 2500 HDHeavy Duty$2,192$183
              GMC Sierra 3500Heavy Duty$2,212$184

                Get Rates in Your AreaWhy is this important?

                Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Memphis, TN.Data last updated on November 22, 2022
                Cheapest Pickup Insurance in Memphis

                For more pickup insurance comparisons, see our guides for midsize pickup insurance and large pickup insurance.

                Don’t see insurance cost for your pickup? Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free car insurance quotes from the best auto insurance companies in Tennessee.

                Memphis car insurance rate variability

                To help clarify the extent to which the cost of auto insurance can vary from one person to the next (and also emphasize the importance of accurate rate quotes), the sections below present a wide range of rates for five popular models in Memphis: the Ford F150, Nissan Sentra, Honda CR-V, Honda Pilot, and Toyota Supra.

                Each illustration displays average rates for different driver profiles to demonstrate the difference in cost when changes are made to the rated driver.

                Ford F150 insurance rates

                With sticker prices ranging from $32,790 to $73,105, average Memphis insurance rates for a Ford F150 cost from $1,570 per year on the F150 XL Regular Cab 4WD model up to $2,068 per year for the F150 Limited SuperCrew trim level.

                From a cost per month standpoint, full-coverage auto insurance on the Ford F150 for a good driver can cost from $131 to $172 per month, depending on the company and where you live in Memphis.

                The next chart demonstrates how the cost of car insurance on a Ford F150 can change based on driver age, policy physical damage deductibles, and risk scenarios.

                Get Rates in Your AreaWhy is this important?

                Chart Data Details: Average rates are for a 2022 model year Ford F150 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Average Ford F150 car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
                Ford F150 Insurance Cost in Memphis
                Ford F150 Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,108$342
                Safe Driver Age 20$3,602$300
                At-fault Accidents Age 40$2,566$214
                Low Deductibles Age 40$2,350$196
                Safe Driver Age 30$1,910$159
                Safe Driver Age 40$1,820$152
                Safe Driver Age 50$1,654$138
                Safe Driver Age 60$1,624$135
                High Deductibles Age 40$1,546$129
                Discount Rate Age 40$1,510$126

                The Ford F150 is a full-size truck, and other similar models include the Toyota Tundra, Chevrolet Silverado, GMC Sierra, and Nissan Titan.

                Nissan Sentra insurance rates

                In Memphis, the cheapest car insurance rates for a 2022 Nissan Sentra are on the S trim model, costing an average of $1,760 per year, or around $147 per month. This model sells for $19,510.

                The most expensive 2022 Nissan Sentra to insure in Memphis is the SR Premium model, costing an average of $1,916 per year, or around $160 per month. The sticker price for this trim level is $24,570, before destination and documentation fees.

                When Memphis car insurance rates on a Nissan Sentra are compared to the national average cost for the same vehicle, the cost is $330 to $360 less per year in Memphis, depending on the trim level being insured.

                The next chart might be helpful in explaining how the cost of car insurance for a Nissan Sentra can range significantly based on a number of different driver ages and risk profiles.

                Get Rates in Your AreaWhy is this important?

                Chart Data Details: Average rates are for a 2022 model year Nissan Sentra with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Average Nissan Sentra car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
                Nissan Sentra Insurance Cost in Memphis
                Nissan Sentra Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,102$342
                Safe Driver Age 20$3,598$300
                At-fault Accidents Age 40$2,582$215
                Low Deductibles Age 40$2,314$193
                Safe Driver Age 30$1,916$160
                Safe Driver Age 40$1,834$153
                Safe Driver Age 50$1,670$139
                Safe Driver Age 60$1,632$136
                High Deductibles Age 40$1,580$132
                Discount Rate Age 40$1,522$127

                The Nissan Sentra is part of the compact car segment, and other similar models that are popular in Memphis include the Volkswagen Jetta, Chevrolet Cruze, and Hyundai Elantra.

                Honda CR-V insurance rates

                In Memphis, the least-expensive insurance rates for a 2022 Honda CR-V are on the LX trim, costing an average of $1,548 per year, or around $129 per month. This model has a retail price of $26,400.

                The most expensive 2022 Honda CR-V model to insure in Memphis is the Hybrid Touring model, costing an average of $1,760 per year, or around $147 per month. The MSRP for this model is $37,400, before destination charges and documentation fees.

                When Memphis auto insurance rates on a Honda CR-V are compared to the overall national average cost for the same model, the cost is anywhere from $292 to $336 less per year in Memphis, depending on the exact trim being insured.

                As a cost per month, auto insurance on a Honda CR-V for a middle-age safe driver can cost from $129 to $147 per month, but your actual rate can vary based on your address in Memphis.

                The next rate chart shows how the cost of car insurance on a Honda CR-V can be very different based on a number of different driver ages, policy deductibles, and potential risk scenarios. For our example, prices range from $1,368 to $3,750 per year, which is a cost difference of $2,382 for insurance on the same vehicle with different rated drivers.

                Get Rates in Your AreaWhy is this important?

                Chart Data Details: Average rates are for a 2022 model year Honda CR-V with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Average Honda CR-V car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
                Honda CR-V Insurance Cost in Memphis
                Honda CR-V Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$3,750$313
                Safe Driver Age 20$3,286$274
                At-fault Accidents Age 40$2,330$194
                Low Deductibles Age 40$2,138$178
                Safe Driver Age 30$1,732$144
                Safe Driver Age 40$1,648$137
                Safe Driver Age 50$1,502$125
                Safe Driver Age 60$1,474$123
                High Deductibles Age 40$1,396$116
                Discount Rate Age 40$1,368$114

                The Honda CR-V is classified as a compact SUV, and additional models from the same segment that are popular in Memphis include the Mazda CX-5, Chevrolet Equinox, Nissan Rogue, and Subaru Forester.

                Honda Pilot insurance rates

                The average cost for Honda Pilot insurance in Memphis is $1,908 per year. With sticker prices ranging from $37,580 to $51,370, average car insurance quotes for a Honda Pilot range from $1,782 per year for the Pilot Sport model up to $2,012 per year for the Pilot Black Edition trim level.

                When Memphis auto insurance rates for a Honda Pilot are compared with the national average cost for the same model, the cost is anywhere from $338 to $380 less per year in Memphis, depending on the exact model being insured.

                The rate chart below demonstrates how the cost of car insurance for a Honda Pilot can vary for different drivers and possible risk profiles.

                Get Rates in Your AreaWhy is this important?

                Chart Data Details: Average rates are for a 2022 model year Honda Pilot with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Average Honda Pilot car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
                Honda Pilot Insurance Cost in Memphis
                Honda Pilot Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,356$363
                Safe Driver Age 20$3,814$318
                At-fault Accidents Age 40$2,692$224
                Low Deductibles Age 40$2,516$210
                Safe Driver Age 30$2,016$168
                Safe Driver Age 40$1,908$159
                Safe Driver Age 50$1,738$145
                Safe Driver Age 60$1,708$142
                High Deductibles Age 40$1,598$133
                Discount Rate Age 40$1,584$132

                The Honda Pilot belongs to the midsize SUV segment, and additional similar models include the Jeep Grand Cherokee, Kia Telluride, Ford Explorer, and Kia Sorento.

                Toyota GR Supra insurance rates

                Toyota GR Supra insurance in Memphis averages $2,242 per year, ranging from a low of $2,078 per year on the GR Supra 2.0 Coupe model (MSRP of $43,290) up to $2,378 per year on the GR Supra A91-CF Edition model (MSRP of $63,380).

                When Memphis auto insurance rates on the Toyota GR Supra are compared to the average cost for the entire U.S. for the same model, rates are anywhere from $396 to $450 cheaper per year in Memphis, depending on the exact model being insured.

                The chart displayed below can help visualize how insurance rates for a Toyota GR Supra can be quite different based on different driver ages and possible risk profiles.

                Get Rates in Your AreaWhy is this important?

                Chart Data Details: Average rates are for a 2022 model year Toyota GR Supra with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Average Toyota GR Supra car insurance cost in Memphis includes all Zip Codes and vehicle trim levels.Data last updated on November 22, 2022
                Toyota GR Supra Insurance Cost in Memphis
                Toyota GR Supra Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$5,066$422
                Safe Driver Age 20$4,442$370
                At-fault Accidents Age 40$3,144$262
                Low Deductibles Age 40$2,950$246
                Safe Driver Age 30$2,370$198
                Safe Driver Age 40$2,242$187
                Safe Driver Age 50$2,038$170
                Safe Driver Age 60$2,000$167
                High Deductibles Age 40$1,876$156
                Discount Rate Age 40$1,860$155

                The Toyota Supra is considered a sports car, and additional models from the same segment that are popular in Memphis include the Nissan 370Z, Subaru BRZ, and Chevrolet Camaro.

                Money-saving tips for finding cheaper Memphis auto insurance

                Smart drivers are often looking to save money on car insurance So study the tips below and it’s very possible you can save a few bucks when buying auto insurance.

                • If your car is older, remove unneeded coverages. Deleting physical damage coverage from vehicles that are older will cut the cost of auto insurance substantially.
                • Avoid tickets to save money. If you want to get affordable car insurance in Memphis, it pays to be a conservative driver. In fact, just a few moving violations could result in increasing car insurance rates as much as $490 per year. Being convicted of a crime like DUI and hit-and-run could raise rates by an additional $1,720 or more.
                • Careless drivers pay more for car insurance. Having a few at-fault accidents can really raise rates, possibly by an additional $2,622 per year for a 20-year-old driver and even as much as $770 per year for a 40-year-old driver. So drive safe and save!
                • Research policy discounts to save money. Savings may be available if the insured drivers sign their policy early, are military or federal employees, take a defensive driving course, are claim-free, are loyal customers, or many other policy discounts which could save the average Memphis driver as much as $318 per year on the cost of car insurance
                • Compare car insurance quote before buying a car. Different cars can have significantly different car insurance premiums, and car insurance companies can sell coverages with a wide range of costs. Check rates before you buy a new car in order to prevent price shock when you get your first insurance bill.