- 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.
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.
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 cost to insure popular vehicles in Memphis
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
- Hyundai Elantra – $2,502 per year or $209 per month
- Toyota Highlander – $2,246 per year or $187 per month
- Nissan Altima – $2,490 per year or $208 per month
- Jeep Grand Cherokee – $2,456 per year or $205 per month
- Ram Truck – $2,542 per year or $212 per month
- Toyota Corolla – $2,174 per year or $181 per month
- Honda CR-V – $1,952 per year or $163 per month
- Subaru Outback – $2,046 per year or $171 per month
- Chevrolet Equinox – $2,072 per year or $173 per month
- Honda Civic – $2,200 per year or $183 per month
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.
| Rank | Make/Model | Annual Cost | Monthly Cost |
|---|---|---|---|
| 1 | Mazda CX-5 | $1,430 | $119 |
| 2 | Nissan Kicks | $1,468 | $122 |
| 3 | Chevrolet Trailblazer | $1,476 | $123 |
| 4 | Subaru Crosstrek | $1,508 | $126 |
| 5 | Honda Passport | $1,510 | $126 |
| 6 | Chevrolet Colorado | $1,548 | $129 |
| 7 | Toyota C-HR | $1,548 | $129 |
| 8 | Buick Encore | $1,552 | $129 |
| 9 | Nissan Rogue Sport | $1,570 | $131 |
| 10 | Hyundai Venue | $1,596 | $133 |
| 11 | Buick Envision | $1,600 | $133 |
| 12 | Kia Seltos | $1,604 | $134 |
| 13 | Ford Maverick | $1,610 | $134 |
| 14 | Acura RDX | $1,612 | $134 |
| 15 | Subaru Ascent | $1,616 | $135 |
| 16 | Toyota Corolla Cross | $1,616 | $135 |
| 17 | Hyundai Kona | $1,626 | $136 |
| 18 | Mazda MX-5 Miata | $1,628 | $136 |
| 19 | Subaru Forester | $1,630 | $136 |
| 20 | Subaru Impreza | $1,630 | $136 |
| 21 | Volkswagen Tiguan | $1,634 | $136 |
| 22 | Chevrolet Spark | $1,638 | $137 |
| 23 | Honda CR-V | $1,648 | $137 |
| 24 | Cadillac XT4 | $1,652 | $138 |
| 25 | Mazda CX-30 | $1,662 | $139 |
| 26 | Ford Ranger | $1,672 | $139 |
| 27 | Honda HR-V | $1,688 | $141 |
| 28 | Ford Edge | $1,694 | $141 |
| 29 | Ford Ecosport | $1,704 | $142 |
| 30 | Chevrolet Trax | $1,724 | $144 |
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.
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).
| Make/Model | Vehicle Size | Annual Cost | Monthly Cost |
|---|---|---|---|
| Subaru Impreza | Compact | $1,630 | $136 |
| Chevrolet Spark | Compact | $1,638 | $137 |
| Volkswagen Golf | Compact | $1,808 | $151 |
| Subaru Legacy | Midsize | $1,824 | $152 |
| Volkswagen Jetta | Compact | $1,826 | $152 |
| Honda Insight | Midsize | $1,828 | $152 |
| Nissan Sentra | Compact | $1,834 | $153 |
| Kia K5 | Midsize | $1,848 | $154 |
| Toyota Corolla | Compact | $1,848 | $154 |
| Toyota Camry | Midsize | $1,850 | $154 |
| Kia Rio | Compact | $1,854 | $155 |
| Volkswagen Passat | Midsize | $1,858 | $155 |
| Honda Civic | Compact | $1,862 | $155 |
| Mazda 3 | Compact | $1,870 | $156 |
| Mazda 6 | Midsize | $1,872 | $156 |
| Toyota Prius | Compact | $1,880 | $157 |
| Hyundai Accent | Compact | $1,902 | $159 |
| Hyundai Veloster | Compact | $1,922 | $160 |
| Kia Forte | Compact | $1,924 | $160 |
| Chevrolet Malibu | Midsize | $1,954 | $163 |
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).
| Make/Model | Vehicle Size | Annual Cost | Monthly Cost |
|---|---|---|---|
| Mazda CX-5 | Compact | $1,430 | $119 |
| Nissan Kicks | Compact | $1,468 | $122 |
| Chevrolet Trailblazer | Compact | $1,476 | $123 |
| Subaru Crosstrek | Compact | $1,508 | $126 |
| Honda Passport | Midsize | $1,510 | $126 |
| Toyota C-HR | Compact | $1,548 | $129 |
| Buick Encore | Compact | $1,552 | $129 |
| Nissan Rogue Sport | Compact | $1,570 | $131 |
| Hyundai Venue | Compact | $1,596 | $133 |
| Buick Envision | Compact | $1,600 | $133 |
| Kia Seltos | Compact | $1,604 | $134 |
| Subaru Ascent | Midsize | $1,616 | $135 |
| Toyota Corolla Cross | Compact | $1,616 | $135 |
| Hyundai Kona | Compact | $1,626 | $136 |
| Subaru Forester | Compact | $1,630 | $136 |
| Volkswagen Tiguan | Compact | $1,634 | $136 |
| Honda CR-V | Compact | $1,648 | $137 |
| Mazda CX-30 | Compact | $1,662 | $139 |
| Honda HR-V | Compact | $1,688 | $141 |
| Ford Edge | Midsize | $1,694 | $141 |
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).
| Make/Model | Vehicle Size | Annual Cost | Monthly Cost |
|---|---|---|---|
| Acura ILX | Midsize | $1,732 | $144 |
| Mercedes-Benz A220 | Compact | $1,850 | $154 |
| BMW 330i | Compact | $1,988 | $166 |
| Acura TLX | Compact | $1,998 | $167 |
| Volvo S60 | Compact | $2,018 | $168 |
| BMW 330e | Compact | $2,026 | $169 |
| BMW 228i | Compact | $2,038 | $170 |
| BMW 230i | Compact | $2,052 | $171 |
| Lexus RC 300 | Midsize | $2,084 | $174 |
| Alfa Romeo Giulia | Compact | $2,088 | $174 |
| Cadillac CT4 | Compact | $2,088 | $174 |
| Lexus RC 350 | Compact | $2,094 | $175 |
| Genesis G70 | Compact | $2,122 | $177 |
| Mercedes-Benz AMG CLA35 | Midsize | $2,134 | $178 |
| BMW i4 | Midsize | $2,146 | $179 |
| Cadillac CT5 | Midsize | $2,152 | $179 |
| Audi A3 | Midsize | $2,174 | $181 |
| Audi A4 | Compact | $2,178 | $182 |
| Mercedes-Benz AMG CLA45 | Midsize | $2,184 | $182 |
| Audi S3 | Compact | $2,186 | $182 |
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).
| Make/Model | Vehicle Size | Annual Cost | Monthly Cost |
|---|---|---|---|
| Acura RDX | Compact | $1,612 | $134 |
| Cadillac XT4 | Compact | $1,652 | $138 |
| Volvo XC40 | Compact | $1,810 | $151 |
| Cadillac XT5 | Midsize | $1,850 | $154 |
| Lexus NX 250 | Compact | $1,872 | $156 |
| BMW X1 | Compact | $1,876 | $156 |
| Lexus NX 350h | Compact | $1,884 | $157 |
| Lexus UX 250h | Compact | $1,886 | $157 |
| Lexus NX 350 | Compact | $1,918 | $160 |
| Lexus UX 200 | Compact | $1,922 | $160 |
| Jaguar E-Pace | Midsize | $1,928 | $161 |
| Lexus RX 350 | Midsize | $1,936 | $161 |
| Acura MDX | Midsize | $1,946 | $162 |
| Lincoln Nautilus | Midsize | $1,964 | $164 |
| Lexus NX 450h | Compact | $1,970 | $164 |
| Mercedes-Benz GLB 250 | Compact | $1,976 | $165 |
| Lexus RX 450h | Midsize | $1,984 | $165 |
| Infiniti QX50 | Midsize | $1,990 | $166 |
| Land Rover Evoque | Compact | $1,990 | $166 |
| Lincoln Corsair | Compact | $1,992 | $166 |
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).
| Make/Model | Vehicle Type | Annual Cost | Monthly Cost |
|---|---|---|---|
| Mazda MX-5 Miata | Sports Car | $1,628 | $136 |
| Ford Mustang | Sports Car | $1,982 | $165 |
| BMW Z4 | Sports Car | $2,026 | $169 |
| Subaru WRX | Sports Car | $2,138 | $178 |
| Toyota GR86 | Sports Car | $2,192 | $183 |
| Toyota GR Supra | Sports Car | $2,242 | $187 |
| Audi TT | Sports Car | $2,290 | $191 |
| Subaru BRZ | Sports Car | $2,358 | $197 |
| Chevrolet Corvette | Sports Car | $2,370 | $198 |
| BMW M3 | Sports Car | $2,436 | $203 |
| Porsche 718 | Sports Car | $2,544 | $212 |
| Chevrolet Camaro | Sports Car | $2,608 | $217 |
| Lexus RC F | Sports Car | $2,668 | $222 |
| Dodge Challenger | Sports Car | $2,678 | $223 |
| Mercedes-Benz AMG GT53 | Sports Car | $2,716 | $226 |
| Jaguar F-Type | Sports Car | $2,842 | $237 |
| Porsche Taycan | Sports Car | $2,918 | $243 |
| Porsche 911 | Sports Car | $2,988 | $249 |
| BMW M4 | Sports Car | $2,994 | $250 |
| Lexus LC 500 | Sports Car | $3,098 | $258 |
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.
| Make/Model | Vehicle Size | Annual Cost | Monthly Cost |
|---|---|---|---|
| Chevrolet Colorado | Midsize | $1,548 | $129 |
| Ford Maverick | Midsize | $1,610 | $134 |
| Ford Ranger | Midsize | $1,672 | $139 |
| Toyota Tacoma | Midsize | $1,744 | $145 |
| Nissan Frontier | Midsize | $1,792 | $149 |
| Hyundai Santa Cruz | Midsize | $1,808 | $151 |
| GMC Canyon | Midsize | $1,810 | $151 |
| Ford F150 | Full-size | $1,820 | $152 |
| Honda Ridgeline | Midsize | $1,834 | $153 |
| Jeep Gladiator | Midsize | $1,850 | $154 |
| GMC Sierra | Full-size | $1,918 | $160 |
| Nissan Titan | Full-size | $1,986 | $166 |
| Chevrolet Silverado | Full-size | $2,022 | $169 |
| Toyota Tundra | Full-size | $2,022 | $169 |
| Ford F350 Super Duty | Heavy Duty | $2,042 | $170 |
| Chevrolet Silverado HD 3500 | Heavy Duty | $2,056 | $171 |
| Nissan Titan XD | Heavy Duty | $2,112 | $176 |
| Ram Truck | Full-size | $2,150 | $179 |
| GMC Sierra 2500 HD | Heavy Duty | $2,192 | $183 |
| GMC Sierra 3500 | Heavy Duty | $2,212 | $184 |
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.
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.
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.
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.
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.
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.
