Car Insurance in Memphis, Tennessee
Last updated: October 2026 · Source: CarInsuranceRatesCompare.com editorial team
Quick Answer
Memphis is the second-largest city in Tennessee, with 633,104 residents (2020 Census). Drivers in large cities typically pay about 20–50% more than the Tennessee statewide average, because dense traffic, more claims, higher theft, and higher repair and medical costs all push premiums up. Drivers must carry Tennessee's statewide minimum liability coverage, and comparing 3–5 quotes for your exact ZIP code is the fastest way to find the lowest rate.
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Memphis at a Glance
| Population (2020 Census) | 633,104 — the second-largest city in Tennessee |
|---|---|
| County | Shelby County |
| Metro area | Memphis, TN-MS-AR |
| Major highways | I-40, I-55, I-240 |
| Licensing agency | Tennessee Department of Safety and Homeland Security (TDOSHS) — find an office |
| TDOSHS office | Summer Avenue Driver Service Center, 5266 Summer Avenue Suite 75, Memphis, TN 38134 |
Sources: population, highways, TDOSHS, office.
How Memphis Rates Compare to the Rest of Tennessee
Drivers in large cities typically pay about 20–50% more than the Tennessee statewide average, because dense traffic, more claims, higher theft, and higher repair and medical costs all push premiums up.
Insurers don't set one price for Memphis. They rate each ZIP code on its own claim history, so two drivers on opposite sides of the city — or in neighboring suburbs elsewhere in Shelby County — can receive noticeably different quotes for the same coverage.
Memphis sits in the Memphis, TN-MS-AR metro area. Commuting patterns across the metro matter too: the more miles you drive each year, and the busier the roads you drive on, the more insurers expect to pay out — and the more you can save by reporting low mileage accurately.
What Drives Car Insurance Costs in Memphis
- Highway traffic. I-40, I-55 and I-240 carry heavy commuter and freight traffic through Memphis. Higher traffic volume means more collisions, which raises collision and liability costs for nearby ZIP codes.
- Population density. With 633,104 residents, Memphis has more vehicles per square mile than most of Tennessee, which increases accident frequency and the chance of being hit by an uninsured driver.
- Theft and vandalism. Comprehensive coverage is priced on local theft, vandalism, and weather claims. Garaging your car and installing anti-theft devices can lower that part of your premium.
- Repair and medical costs. Labor rates at body shops and local medical costs feed directly into how much insurers pay per claim in the Memphis area.
- Your own profile. Driving record, age, vehicle, credit-based insurance score where Tennessee allows it, and the limits and deductible you choose usually matter more than the city itself.
How to Get Cheaper Car Insurance in Memphis
- Quote with your exact ZIP code. Rates within Memphis vary by neighborhood, so a quote for a different ZIP won't reflect your real price.
- Compare 3–5 insurers. National carriers and regional insurers price Memphis differently; the cheapest company for one driver is often not the cheapest for another.
- Raise your deductible from $500 to $1,000 if you have savings to cover it — often 15–30% off collision and comprehensive.
- Bundle and ask for discounts — multi-policy, good driver, good student, low mileage, and telematics programs.
- Avoid coverage lapses. Even a short gap can raise future rates and may trigger Tennessee reporting rules.
Car Insurance in Memphis: FAQ
How much is car insurance in Memphis, Tennessee?
Car insurance in Memphis is priced by ZIP code, driving record, age, vehicle, and coverage level, so there is no single city rate. Drivers in large cities typically pay about 20–50% more than the Tennessee statewide average, because dense traffic, more claims, higher theft, and higher repair and medical costs all push premiums up. Comparing 3–5 quotes for identical coverage is the most reliable way to find the lowest price for your address, since insurers' prices for the same driver commonly differ by hundreds of dollars a year.
What car insurance is required in Memphis?
Memphis has no separate city insurance requirement. Drivers must carry at least Tennessee's statewide minimum liability coverage, which is the same everywhere in the state. Many Memphis drivers choose higher limits than the minimum, and lenders require collision and comprehensive coverage on financed or leased vehicles.
Where can I get a driver's license or reinstatement help in Memphis?
Driver's licenses in Tennessee are handled by the Tennessee Department of Safety and Homeland Security (TDOSHS). One TDOSHS location serving Memphis is Summer Avenue Driver Service Center, 5266 Summer Avenue Suite 75, Memphis, TN 38134. Check the TDOSHS office locator for current hours and other nearby locations before you go.
Why can car insurance cost more in Memphis than in rural Tennessee?
Insurers price by ZIP code using local claim history. Memphis, with major routes such as I-40, I-55 and I-240 running through the city, sees more traffic and more accidents per mile than rural areas, along with higher rates of vehicle theft and vandalism and higher repair costs. Those local loss costs are passed through to premiums, which is why moving even a few miles can change your rate.
About This Guide
City facts come from the 2020 U.S. Census and public transportation and state agency sources linked above. Size rankings compare incorporated cities by 2020 Census population. We don't publish city-level dollar rates because they depend on your ZIP code and profile; rate comparisons on this page describe typical patterns relative to Tennessee as a whole. CarInsuranceRatesCompare.com is an independent comparison service, not an insurer.
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