Best cheap car insurance in Memphis for 2021

Blues, BBQ and blue-suede sneakers are just a few of many treasures that you will find in Tennessee’s 2nd-largest City. You can also find the lowest priced car insurance in Memphis. You can find affordable and comprehensive coverage for your car with an average cost of $533 per year and coverage that costs around $1,734.

Bankrate compared several insurance companies to determine which ones offer the best Memphis car insurance at the most affordable rates.

The best car insurance companies Memphis

We looked at which carriers offered the best coverage, financial strength ratings, and customer service quality in the Southeast. Here’s a list of the top car insurance companies in Memphis.

Erie

Erie, although not as well-known than others on this list is a regional carrier that focuses on a strong local agent network. Erie is a top-rated carrier in customer satisfaction and offers cheap car insurance in Memphis. Erie provides personal item coverage that is not normally covered by car insurance, as well as pet coverage. You can also lock your rate to protect your premiums.

Geico

Geico is a combination of financial strength and a long history. This makes it one of the top choices for Memphis’ best car insurance. Geico offers all the options you need, including discounts and customization options like mechanical breakdown. Mobile users also have the opportunity to benefit from Geico’s award-winning app. This allows you access your policy anywhere, track claims and gives you the ability to track them.

State Farm

State Farm has a variety of coverage options that can be customized to meet your driving needs. State Farm has a wide network of local agents that can help you find the right coverage for you, whether you are looking for rideshare insurance, rental vehicle reimbursement, or just the minimum coverage. The app, website, and customer service team can all be used to obtain quotes, purchase policies, and manage your policy.

State Farm’s strength is another advantage. It is not only the biggest insurance provider in America, but it also offers lower-than-average car insurance premiums to Memphis residents without sacrificing any benefits.

USAA

USAA is consistently ranked high in customer service ratings. They offer many coverage options and competitive rates. You can be a member of this carrier if you are an active military member, veteran, or a close family member. While there aren’t as many discounts available than other carriers, there are some that are exclusive to military personnel. You may be eligible for a discount if your car is stored in your garage while you are deployed.

Memphis has the lowest car insurance

Tennesseans generally pay $369 per annum for minimum coverage, and $1,364 to get full coverage. The state’s rates are higher than average, with minimum coverage costing $533 and full coverage costing $1,733. It is important to read as many reviews as possible about Memphis car insurance.

Many of the top carriers are also the most affordable, which shows that it is possible to balance affordability with financial strength and quality customer care. Geico is the least costly on the list. It also ranks highly in the JD Power customer satisfaction ratings. USAA provides competitive pricing for those who meet the eligibility criteria. They also offer military members exclusive discounts. State Farm offers low rates in Memphis and the option to work with an agent or one the many digital assets.

Erie and Auto-Owners are regional providers that offer highly competitive premiums, excellent customer service ratings and high customer satisfaction ratings. However, these companies don’t have as many digital assets than the national carriers. You can get the lowest possible rates with Erie by working with a local agent and reviewing all discounts.

Insurance requirements for Memphis

Tennessee residents, including Memphis, must have minimum car insurance. It must include:

  • Bodily injury coverage for $25,000 per person, $50,000 per accident
  • $15,000 per accident property damage coverage

These are the minimum coverages. Insurance experts recommend that you have more liability coverage. Tennessee does not count as a no fault state. This means that you will be financially responsible for any coverage your insurance doesn’t cover.

The minimum bodily injury liability is $50,000 for an accident. However, if the crash was your fault and you sustain serious injuries, $50,000 will not cover most of the medical costs. The additional amount beyond your insurance limit would be your responsibility.

It is also the 5th most dangerous state for uninsured motorists. Therefore, it is highly recommended to add protection against this to your policy.

Memphis car insurance discounts

Get cheap car insurance in Memphis by taking advantage as many discount offers.

  • Bundling policies: This is one of the best ways you can save money on your premiums. You can save up to 25% by choosing the same carrier for your renters/homeowners as well as your car insurance.
  • Defensive driving: Memphis offers many state-approved defensive driving classes. These courses can help you learn traffic rules and safety, as well as lower your insurance premiums.
  • Your premiums will be lower if you are a safe driver. Many carriers offer substantial discounts for safe drivers. Geico offers 26% off for safe driving records.
  • Good grades: You may be eligible for a discount for students who live in Memphis and meet the requirements.

Questions frequently asked

Which is the best auto insurance company?

The best car insurance company for you is dependent on your personal preferences and driving habits. Rates should be taken into consideration, as well as customer service ratings and financial strength. Bankrate evaluated these categories and found that Amica is the best-rated car insurance company.

What amount of car insurance do you need in Memphis

To drive in Memphis, you will need minimum $25,000/$50,000 coverage for bodily injury and $15,000 coverage for property damage liability. Tennessee is not considered a no fault state so taking on the minimum coverage is risky financially. You are responsible for any amounts your insurance does not cover.

How can I get car insurance in Memphis at a discount?

Car insurance in Memphis is more affordable for drivers who have not been to an accident or received tickets. A clean driving record can make you eligible for additional perks such as accident forgiveness. This can help you to keep the lowest rates even though you were in an accident.