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

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  • The average cost of car insurance in Memphis is 20.6% more than the national average rate of $1,685.
  • Memphis auto insurance costs an average of $394 per year more than the Tennessee state average rate and $387 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 $189, Toyota Highlander at $173, and Nissan Altima at $184.
  • For cheap car insurance in Memphis, SUV models like the Chevrolet Trailblazer, Subaru Crosstrek, and Nissan Kicks cost less than most other makes and models.

How much does car insurance cost in Memphis?

Average car insurance cost in Memphis is $2,072 per year, which is 20.6% more than the U.S. average rate of $1,685. Average car insurance cost per month in Memphis is $173 for a policy that provides full coverage.

The average car insurance cost in Tennessee is $1,678 per year, so Memphis drivers pay an average of $394 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 $342 per year more than in Nashville, $400 per year more expensive than in Clarksville, and $386 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 2023 model year vehicles including luxury models.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for the 2023 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 April 14, 2023
Memphis, TN Car Insurance Cost Summary
2023 Average Car Insurance Cost in Memphis, TN
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,710$393
Safe Driver Age 20$4,124$344
At-fault Accidents Age 40$2,924$244
Low Deductibles Age 40$2,700$225
Safe Driver Age 30$2,184$182
Safe Driver Age 40$2,072$173
Safe Driver Age 50$1,888$157
Safe Driver Age 60$1,854$155
High Deductibles Age 40$1,746$146
Discount Rate Age 40$1,720$143

Average rates in the prior chart range from $1,720 per year for a 40-year-old driver who shops around for the cheapest Memphis car insurance rates to $4,710 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 $2,072 per year.

As a monthly expense, average car insurance cost in Memphis ranges from $143 to $393 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 – $7,426 per year or $619 per month
  • 17-year-old rated driver – $6,942 per year or $579 per month
  • 18-year-old rated driver – $6,486 per year or $541 per month
  • 19-year-old rated driver – $5,870 per year or $489 per month
  • 20-year-old rated driver – $4,124 per year or $344 per month
  • 30-year-old rated driver – $2,184 per year or $182 per month
  • 40-year-old rated driver – $2,072 per year or $173 per month
  • 50-year-old rated driver – $1,888 per year or $157 per month
  • 60-year-old rated driver – $1,854 per year or $155 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 2023 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 April 14, 2023
Teen Driver Car Insurance Cost in Memphis
Average Car Insurance Cost in Memphis, TN for Teenage Drivers
Gender Driver Age 16 Age 17 Age 18 Age 19
Male$7,426$6,942$6,486$5,870
Female$6,536$6,172$5,628$5,222

Car insurance for a 16-year-old female in Memphis costs an average of $890 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 $648 more per year.

The car insurance rates mentioned above are averaged for all 2023 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 Subaru Crosstrek, Nissan Kicks, and Nissan Rogue Sport.

Average auto insurance quotes for those small SUVs cost $1,944 or less per year ($162 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 Chevrolet Colorado, Hyundai Venue, Ford Edge, and Honda HR-V.

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 $2,086 or less per year, or $174 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
1Chevrolet Trailblazer$1,570$131
2Subaru Crosstrek$1,584$132
3Nissan Kicks$1,590$133
4Honda Passport$1,610$134
5Nissan Rogue Sport$1,620$135
6Mazda CX-5$1,626$136
7Buick Encore$1,654$138
8Buick Envision$1,658$138
9Kia Seltos$1,680$140
10Subaru Ascent$1,684$140
11Hyundai Venue$1,692$141
12Subaru Impreza$1,716$143
13Ford Maverick$1,722$144
14Honda HR-V$1,724$144
15Chevrolet Colorado$1,726$144
16Acura RDX$1,730$144
17Hyundai Kona$1,740$145
18Subaru Forester$1,746$146
19Ford Edge$1,758$147
20Honda CR-V$1,758$147
21Mazda CX-30$1,762$147
22Ford Explorer$1,766$147
23Volkswagen Atlas$1,770$148
24Chevrolet Trax$1,780$148
25Nissan Murano$1,782$149
26Subaru Outback$1,784$149
27Nissan Frontier$1,790$149
28Volkswagen Tiguan$1,800$150
29Ford Bronco Sport$1,806$151
30Fiat 500X$1,838$153

    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 April 14, 2023
    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 2023 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 April 14, 2023
    Average Memphis Auto Insurance Rates by Automotive Segment
    Memphis Car Insurance Rates by Vehicle Segment
    Vehicle Segment Annual Rate Monthly Rate
    Compact SUV$1,886$157
    Midsize Pickup$1,956$163
    Midsize SUV$2,024$169
    Minivan$2,034$170
    Compact Car$2,064$172
    Midsize Car$2,112$176
    Compact Luxury SUV$2,242$187
    Half-ton Pickup$2,250$188
    Large SUV$2,268$189
    Compact Luxury Car$2,284$190
    Heavy Duty Pickup$2,382$199
    Midsize Luxury SUV$2,408$201
    Large Car$2,410$201
    Midsize Luxury Car$2,632$219
    Sports Car$2,834$236
    Large Luxury SUV$3,046$254
    Large Luxury Car$3,202$267

    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 Acura Integra costing $1,862 per year for a full coverage policy to the BMW M340i costing $2,532 per year, a difference of $670 within that segment.

    Also, in the midsize truck segment, average rates range from the Ford Maverick at $1,722 per year to the Rivian R1T costing $2,580 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, Volkswagen Jetta, Subaru Legacy, Nissan Sentra, and Toyota Corolla. Auto insurance prices for these 2023 models average $162 or less per month.

    Not the cheapest in the list, but still ranking well, are models like the Volkswagen Golf, Mazda 3, Toyota Camry, and Kia K5, with average annual insurance rates of $2,000 per year or less.

    Auto insurance in this segment starts at an average of $143 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 $1,716 per year ($143 per month) and ending with the Volkswagen Arteon at $2,174 per year ($181 per month).

    Cheapest Car Insurance in Memphis
    Make/Model Vehicle Size Annual Cost Monthly Cost
    Subaru ImprezaCompact$1,716$143
    Volkswagen JettaCompact$1,894$158
    Subaru LegacyMidsize$1,910$159
    Nissan SentraCompact$1,924$160
    Toyota CorollaCompact$1,946$162
    Volkswagen GolfCompact$1,950$163
    Toyota PriusCompact$1,956$163
    Toyota CamryMidsize$1,970$164
    Mazda 3Compact$1,988$166
    Kia K5Midsize$2,000$167
    Chevrolet MalibuMidsize$2,018$168
    Chrysler 300Full-size$2,022$169
    Honda CivicCompact$2,030$169
    Kia ForteCompact$2,032$169
    Mitsubishi Mirage G4Compact$2,044$170
    Nissan LeafCompact$2,090$174
    Honda AccordMidsize$2,096$175
    Toyota CrownMidsize$2,106$176
    Tesla Model 3Midsize$2,118$177
    Volkswagen ArteonMidsize$2,174$181

      Get Rates in Your AreaWhy is this important?

      Table Data Details: Average rates are based on 2023 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 April 14, 2023
      Cheapest Car Insurance in Memphis

      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 Chevrolet Trailblazer at $1,570 per year, Subaru Crosstrek at $1,584 per year, Nissan Kicks at $1,590 per year, and Honda Passport at $1,610 per year.

      Not the cheapest in the list, but still ranking well, are SUVs like the Subaru Ascent, Buick Encore, Kia Seltos, and Buick Envision, with average annual insurance rates of $1,684 per year or less.

      As a cost per month, full-coverage auto insurance on this segment in Memphis starts at around $131 per month, depending on your company and location.

      The lowest-cost non-luxury compact SUV to insure in Memphis is the Chevrolet Trailblazer at $1,570 per year. For midsize SUVs, the Honda Passport is cheapest to insure at $1,610 per year. And for full-size non-luxury SUVs, the Chevrolet Tahoe is most affordable to insure at $1,944 per year.

      The rate comparison table below ranks the twenty SUVs with the most affordable average car insurance rates in Memphis, starting with the Chevrolet Trailblazer at $1,570 per year ($131 per month) and ending with the Chevrolet Trax at $1,780 per year ($148 per month).

      Cheapest SUV Insurance in Memphis
      Make/Model Vehicle Size Annual Cost Monthly Cost
      Chevrolet TrailblazerCompact$1,570$131
      Subaru CrosstrekCompact$1,584$132
      Nissan KicksCompact$1,590$133
      Honda PassportMidsize$1,610$134
      Nissan Rogue SportCompact$1,620$135
      Mazda CX-5Compact$1,626$136
      Buick EncoreCompact$1,654$138
      Buick EnvisionCompact$1,658$138
      Kia SeltosCompact$1,680$140
      Subaru AscentMidsize$1,684$140
      Hyundai VenueCompact$1,692$141
      Honda HR-VCompact$1,724$144
      Hyundai KonaCompact$1,740$145
      Subaru ForesterCompact$1,746$146
      Ford EdgeMidsize$1,758$147
      Honda CR-VCompact$1,758$147
      Mazda CX-30Compact$1,762$147
      Ford ExplorerMidsize$1,766$147
      Volkswagen AtlasMidsize$1,770$148
      Chevrolet TraxCompact$1,780$148

        Get Rates in Your AreaWhy is this important?

        Table Data Details: Average rates are based on 2023 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 April 14, 2023
        Cheapest SUV Insurance in Memphis

        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 Integra, at an average of $1,862 per year. Second place is the BMW 330i at $2,106 per year, coming in third is the Acura TLX, costing an average of $2,138 per year, and the fourth cheapest is the Cadillac CT4, costing an average of $2,166 per year.

        Also ranking well in our comparison are luxury cars like the BMW 330e, Cadillac CT5, BMW 228i, and Lexus ES 350, with an average car insurance cost of $2,254 per year or less.

        Additional 2023 models worth mentioning include the Audi A4, Volvo S60, Audi S3, Lexus RC 300, and BMW 230i, which cost between $2,254 and $2,316 per year to insure in Memphis.

        As a cost per month, car insurance rates on this segment in Memphis can cost as low as $155 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 Integra at $1,862 per year ($155 per month) and ending with the Volvo S60 at $2,316 per year ($193 per month).

        Cheapest Luxury Car Insurance in Memphis
        Make/Model Vehicle Size Annual Cost Monthly Cost
        Acura IntegraCompact$1,862$155
        BMW 330iCompact$2,106$176
        Acura TLXCompact$2,138$178
        Cadillac CT4Compact$2,166$181
        Genesis G70Compact$2,208$184
        Cadillac CT5Midsize$2,232$186
        Lexus ES 350Midsize$2,236$186
        BMW 330eCompact$2,242$187
        Lexus ES 250Midsize$2,250$188
        BMW 228iCompact$2,254$188
        Lexus RC 300Midsize$2,256$188
        Mercedes-Benz AMG CLA35Midsize$2,262$189
        Audi A3Midsize$2,266$189
        BMW 230iCompact$2,270$189
        Mercedes-Benz C300Compact$2,288$191
        Audi A4Compact$2,296$191
        Lexus RC 350Compact$2,300$192
        Audi S3Compact$2,314$193
        Mercedes-Benz AMG CLA45Midsize$2,314$193
        Volvo S60Compact$2,316$193

          Get Rates in Your AreaWhy is this important?

          Table Data Details: Average rates are based on 2023 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 April 14, 2023
          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, Cadillac XT4, Lexus RX 350, Infiniti QX50, and Volvo XC40. Rates for these vehicles average $1,920 or less per year.

          Additional models that rank well in our comparison include the Lexus UX 250h, Mercedes-Benz GLA250, Mercedes-Benz GLB 250, and Cadillac XT6, with average annual insurance rates of $2,018 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 $144 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 $1,730 per year, or $144 per month. For midsize 2023 models, the Lexus RX 350 has the cheapest rates at $1,854 per year, or $155 per month. And for full-size luxury SUV models, the Volvo XC90 has the cheapest car insurance rates at $2,138 per year, or $178 per month.

          The next table ranks the SUVs with the lowest-cost car insurance rates in Memphis, starting with the Acura RDX at $1,730 per year ($144 per month) and ending with the Mercedes-Benz GLC300 at $2,112 per year ($176 per month).

          Cheapest Luxury SUV Insurance in Memphis
          Make/Model Vehicle Size Annual Cost Monthly Cost
          Acura RDXCompact$1,730$144
          Lexus RX 350Midsize$1,854$155
          Cadillac XT4Compact$1,872$156
          Volvo XC40Compact$1,904$159
          Infiniti QX50Midsize$1,920$160
          Lexus UX 250hCompact$1,940$162
          Cadillac XT5Midsize$1,972$164
          Mercedes-Benz GLA250Compact$2,012$168
          Cadillac XT6Midsize$2,018$168
          Mercedes-Benz GLB 250Compact$2,018$168
          Lexus NX 250Compact$2,046$171
          Acura MDXMidsize$2,064$172
          Lexus NX 350hCompact$2,070$173
          Lexus NX 350Compact$2,084$174
          Lincoln CorsairCompact$2,084$174
          Lexus NX 450hCompact$2,088$174
          Lincoln NautilusMidsize$2,100$175
          BMW X1Compact$2,102$175
          Alfa Romeo TonaleCompact$2,106$176
          Mercedes-Benz GLC300Compact$2,112$176

            Get Rates in Your AreaWhy is this important?

            Table Data Details: Average rates are based on 2023 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 April 14, 2023
            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 $1,916 per year. Second place is the Audi TT at $2,148 per year, third place goes to the Ford Mustang, costing an average of $2,248 per year, and ranking fourth is the BMW Z4, costing an average of $2,264 per year.

            Also ranking in the top 10 are models like the Nissan Z, Toyota GR Supra, BMW M2, and Subaru BRZ, with an average cost to insure of $2,498 per year or less.

            Full-coverage auto insurance for this segment in Memphis starts at around $160 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 $1,916 per year ($160 per month) and ending with the Lexus LC 500 at $3,116 per year ($260 per month).

            Cheapest Sports Car Insurance in Memphis
            Make/Model Vehicle Type Annual Cost Monthly Cost
            Mazda MX-5 MiataSports Car$1,916$160
            Audi TTSports Car$2,148$179
            Ford MustangSports Car$2,248$187
            BMW Z4Sports Car$2,264$189
            Subaru WRXSports Car$2,286$191
            Nissan ZSports Car$2,326$194
            Toyota GR SupraSports Car$2,362$197
            BMW M2Sports Car$2,390$199
            Toyota GR86Sports Car$2,392$199
            Subaru BRZSports Car$2,498$208
            Chevrolet CorvetteSports Car$2,558$213
            BMW M3Sports Car$2,614$218
            Lexus RC FSports Car$2,668$222
            Porsche 718Sports Car$2,668$222
            Chevrolet CamaroSports Car$2,712$226
            Mercedes-Benz AMG GT53Sports Car$2,878$240
            Jaguar F-TypeSports Car$2,974$248
            Porsche TaycanSports Car$3,042$254
            BMW M4Sports Car$3,080$257
            Lexus LC 500Sports Car$3,116$260

              Get Rates in Your AreaWhy is this important?

              Table Data Details: Average rates are based on 2023 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 April 14, 2023
              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 Ford Maverick, Chevrolet Colorado, Nissan Frontier, Ford Ranger, and GMC Canyon. Average insurance rates for for these five models range from $1,722 to $1,882 per year.

              Not the cheapest, but still very affordable, are models like the Nissan Titan, Honda Ridgeline, Toyota Tacoma, and Ford F150, with average annual insurance rates of $2,104 per year or less.

              On a monthly basis, full-coverage car insurance on this segment in Memphis will start around $144 per month, depending on your location. The comparison table below ranks the pickups with the cheapest car insurance rates in Memphis, starting with the Ford Maverick at $144 per month and ending with the Nissan Titan XD at $193 per month.

              Cheapest Pickup Insurance in Memphis
              Make/Model Vehicle Size Annual Cost Monthly Cost
              Ford MaverickMidsize$1,722$144
              Chevrolet ColoradoMidsize$1,726$144
              Nissan FrontierMidsize$1,790$149
              Ford RangerMidsize$1,840$153
              GMC CanyonMidsize$1,882$157
              Toyota TacomaMidsize$1,894$158
              Hyundai Santa CruzMidsize$1,926$161
              Nissan TitanFull-size$2,050$171
              Honda RidgelineMidsize$2,060$172
              Ford F150Full-size$2,104$175
              GMC Sierra 2500 HDHeavy Duty$2,122$177
              Jeep GladiatorMidsize$2,156$180
              Toyota TundraFull-size$2,180$182
              GMC Sierra 3500Heavy Duty$2,190$183
              Chevrolet SilveradoFull-size$2,264$189
              GMC SierraFull-size$2,264$189
              Ram TruckFull-size$2,268$189
              Chevrolet Silverado HD 2500Heavy Duty$2,276$190
              Chevrolet Silverado HD 3500Heavy Duty$2,280$190
              Nissan Titan XDHeavy Duty$2,316$193

                Get Rates in Your AreaWhy is this important?

                Table Data Details: Average rates are based on 2023 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 April 14, 2023
                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 $42,995 to $96,874, average Memphis insurance rates for a Ford F150 cost from $1,804 per year on the F150 XL Super Cab 4WD model up to $2,326 per year for the F150 Lightning Platinum trim level.

                From a cost per month standpoint, full-coverage auto insurance on the Ford F150 for a good driver can cost from $150 to $194 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 2023 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 April 14, 2023
                Ford F150 Insurance Cost in Memphis
                2023 Ford F150 Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,750$396
                Safe Driver Age 20$4,162$347
                At-fault Accidents Age 40$2,960$247
                Low Deductibles Age 40$2,740$228
                Safe Driver Age 30$2,220$185
                Safe Driver Age 40$2,104$175
                Safe Driver Age 50$1,918$160
                Safe Driver Age 60$1,880$157
                High Deductibles Age 40$1,776$148
                Discount Rate Age 40$1,748$146

                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 2023 Nissan Sentra are on the S trim model, costing an average of $1,866 per year, or around $156 per month. This model sells for $19,950.

                The most expensive 2022 Nissan Sentra to insure in Memphis is the SR Midnight Edition model, costing an average of $1,974 per year, or around $165 per month. The sticker price for this trim level is $23,395, 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 $278 to $296 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 2023 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 April 14, 2023
                Nissan Sentra Insurance Cost in Memphis
                2023 Nissan Sentra Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,294$358
                Safe Driver Age 20$3,768$314
                At-fault Accidents Age 40$2,708$226
                Low Deductibles Age 40$2,424$202
                Safe Driver Age 30$2,006$167
                Safe Driver Age 40$1,924$160
                Safe Driver Age 50$1,750$146
                Safe Driver Age 60$1,712$143
                High Deductibles Age 40$1,660$138
                Discount Rate Age 40$1,596$133

                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 2023 Honda CR-V are on the EX trim, costing an average of $1,702 per year, or around $142 per month. This model has a retail price of $31,110.

                The most expensive 2022 Honda CR-V model to insure in Memphis is the Sport Touring Hybrid AWD model, costing an average of $1,848 per year, or around $154 per month. The MSRP for this model is $38,600, 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 $254 to $278 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 $142 to $154 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 $1,462 to $4,018 per year, which is a cost difference of $2,556 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 2023 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 April 14, 2023
                Honda CR-V Insurance Cost in Memphis
                2023 Honda CR-V Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,018$335
                Safe Driver Age 20$3,516$293
                At-fault Accidents Age 40$2,490$208
                Low Deductibles Age 40$2,286$191
                Safe Driver Age 30$1,848$154
                Safe Driver Age 40$1,758$147
                Safe Driver Age 50$1,604$134
                Safe Driver Age 60$1,576$131
                High Deductibles Age 40$1,488$124
                Discount Rate Age 40$1,462$122

                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 $1,996 per year. With sticker prices ranging from $39,150 to $52,030, average car insurance quotes for a Honda Pilot range from $1,886 per year for the Pilot Sport model up to $2,098 per year for the Pilot Elite AWD 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 $280 to $314 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 2023 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 April 14, 2023
                Honda Pilot Insurance Cost in Memphis
                2023 Honda Pilot Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$4,560$380
                Safe Driver Age 20$3,992$333
                At-fault Accidents Age 40$2,816$235
                Low Deductibles Age 40$2,628$219
                Safe Driver Age 30$2,108$176
                Safe Driver Age 40$1,996$166
                Safe Driver Age 50$1,818$152
                Safe Driver Age 60$1,786$149
                High Deductibles Age 40$1,672$139
                Discount Rate Age 40$1,656$138

                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 $2,362 per year, ranging from a low of $2,200 per year on the GR Supra 2.0 Coupe model (MSRP of $43,540) up to $2,456 per year on the GR Supra A91-MT Edition model (MSRP of $58,345).

                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 $328 to $366 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 2023 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 April 14, 2023
                Toyota GR Supra Insurance Cost in Memphis
                2023 Toyota GR Supra Insurance Cost in Memphis, TN
                Driver Risk Profile Annual Rate Monthly Rate
                High Risk Driver Age 30$5,336$445
                Safe Driver Age 20$4,678$390
                At-fault Accidents Age 40$3,314$276
                Low Deductibles Age 40$3,108$259
                Safe Driver Age 30$2,498$208
                Safe Driver Age 40$2,362$197
                Safe Driver Age 50$2,148$179
                Safe Driver Age 60$2,108$176
                High Deductibles Age 40$1,978$165
                Discount Rate Age 40$1,960$163

                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 $546 per year. Being convicted of a crime like DUI and hit-and-run could raise rates by an additional $1,908 or more.
                • Careless drivers pay more for car insurance. Having a few at-fault accidents can really raise rates, possibly by an additional $2,904 per year for a 20-year-old driver and even as much as $852 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 $352 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.