Who Has the Cheapest Auto Insurance Quotes for a Ford F-150 in Memphis?

Buying affordable auto insurance for a Ford F-150 is usually pretty straightforward, but it relies on a lot of rating factors such as whether you are married, if you have a tendency to file claims, and if you have a history of accidents. Tennessee drivers pay approximately $731 per year to insure their F-150, but that price is calculated using a 50-year-old married female driver with full coverage and $500 deductibles.

Most likely you’re not a 50-year-old female, single instead of married, or maybe you want different physical damage deductibles. Even a minor change in rating criteria may result in a big change in the cost of a policy.

Auto insurance is not the same for everyone, so the best method for finding the cheapest coverage for your Ford is to compare as many rates as possible. To start saving now, get free quotes and you will be able to see rates from top-rated car insurance companies that sell coverage in Tennessee.

Find Cheaper Ford F-150 Insurance

The specific model of F-150 will have an impact the cost of insurance, so the rate you pay to insure a F-150 XL Regular Cab 2WD trim level will be $188 less than the price to insure the high end F-150 Lariat Crew Cab Platinum 4WD version, as shown below.

Ford F-150 Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
F-150 XL Regular Cab 2WD $122 $162 $272 $16 $82 $654 $55
F-150 STX Regular Cab 2WD $122 $206 $272 $16 $82 $698 $58
F-150 XL Super Cab 2WD $122 $206 $272 $16 $82 $698 $58
F-150 XLT Regular Cab 2WD $122 $206 $272 $16 $82 $698 $58
F-150 STX Super Cab 2WD $122 $206 $272 $16 $82 $698 $58
F-150 XL Crew Cab 2WD $140 $206 $272 $16 $82 $716 $60
F-150 XLT Super Cab 2WD $140 $206 $272 $16 $82 $716 $60
F-150 STX Regular Cab 4WD $140 $206 $272 $16 $82 $716 $60
F-150 XL Regular Cab 4WD $140 $206 $272 $16 $82 $716 $60
F-150 FX2 Super Cab 2WD $140 $206 $272 $16 $82 $716 $60
F-150 XLT Crew Cab 2WD $140 $206 $272 $16 $82 $716 $60
F-150 XL Super Cab 4WD $140 $206 $272 $16 $82 $716 $60
F-150 XLT Regular Cab 4WD $140 $206 $272 $16 $82 $716 $60
F-150 XL Crew Cab 4WD $158 $206 $272 $16 $82 $734 $61
F-150 STX Super Cab 4WD $158 $206 $272 $16 $82 $734 $61
F-150 XLT Super Cab 4WD $158 $206 $272 $16 $82 $734 $61
F-150 FX2 2WD $158 $252 $272 $16 $82 $780 $65
F-150 Lariat Super Cab 2WD $158 $252 $272 $16 $82 $780 $65
F-150 Lariat Crew Cab 2WD $158 $252 $272 $16 $82 $780 $65
F-150 FX4 Super Cab 4WD $158 $252 $272 $16 $82 $780 $65
F-150 XLT Crew Cab 4WD $158 $252 $272 $16 $82 $780 $65
F-150 FX4 4WD $158 $252 $272 $16 $82 $780 $65
F-150 Lariat Crew Cab 4WD $158 $252 $272 $16 $82 $780 $65
F-150 SVT Raptor Super Cab 4WD $158 $252 $272 $16 $82 $780 $65
F-150 Lariat Super Cab 4WD $158 $252 $272 $16 $82 $780 $65
F-150 Lariat Crew Cab Platinum 2WD $158 $296 $272 $16 $82 $824 $69
F-150 Lariat Crew Cab Harley 2WD $158 $296 $272 $16 $82 $824 $69
F-150 Lariat King Ranch 2WD $158 $296 $272 $16 $82 $824 $69
F-150 Lariat King Ranch 4WD $176 $296 $272 $16 $82 $842 $70
F-150 Lariat Crew Cab Harley 4WD $176 $296 $272 $16 $82 $842 $70
F-150 Lariat Crew Cab Platinum 4WD $176 $296 $272 $16 $82 $842 $70
Get Your Own Custom Quote Go

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Table data does not factor in specific zip code location which can increase or decrease insurance rates greatly.

Insuring your vehicle with the best auto insurance provider can be rather challenging considering how many choices drivers have in Memphis. The ranking data below can help you pick which providers you want to consider comparing rates with.

These rankings are for large nationwide companies, so companies with more of a regional focus are not factored into the list. If you wish to compare rates from many more Tennessee auto insurance companies, click this link.

Top 10 Major Auto Insurance Companies in Memphis Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Esurance – A+
  6. Progressive – A+
  7. Titan Insurance – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Liability-only versus full coverage

Finding the cheapest auto insurance is important to the majority of people, and one of the easiest ways to find cheap insurance for a Ford F-150 is to not buy comprehensive and collision coverage. The diagram below compares auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The rates are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

If we average the cost for ages 20 through 70, physical damage coverage costs $1,641 per year over and above liability coverage. That touches on the question if full coverage is worth the money. There is no set rule of when to stop paying for comp and collision coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.

Don’t make the mistake of not shopping around

Memphis, TN auto insurance rates are based on many factors which can substantially change the policy price. Simply turning a year older, moving to a different location, or getting into an accident can cause premium changes resulting in some companies being cheaper in comparison to the competition. Not only may your risk profile change, but insurance companies change premium rates as often as every quarter in order to remain profitable. Higher than normal claim frequency or severity can cause increased rates, while lower claims can result in lower-priced F-150 insurance rates.

The graph below shows the companies that have the cheapest car insurance in Memphis, TN for a 45-year-old female driver with no prior claims, no tickets, and a good credit history. When comparing rates based on her personal profile, Utica National might offer the cheapest car insurance rates in Memphis at $1,109 each year. This is $219 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and USAA are the remaining cheapest Memphis, TN auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a chargeable accident, a little lower credit rating, and an imperfect driving record. Since each insurance company uses their own method for filing rates in each state, analyzing rates most likely will result in a different list of the cheapest Memphis car insurance companies as shown below.

Erie now has the best car insurance rate in Memphis with Nationwide, Allied, Westfield, and GEICO now being in the top five. This example illustrates why it is critical to do a thorough rate comparison when trying to get the lowest car insurance rates for a Ford F-150.

Auto insurance prices can be altered by many risk factors and can change without notice, so the most economical company a year ago may now cost much more than other companies.

If you have questions and prefer to get some guidance when comparing insurance rates for a Ford F-150, the agents listed below are willing to help you make a decision which insurance coverage will be best for you. To locate a Memphis car insurance agency close to you, click the button below the list or click here to get price quotes now.

Nationwide Insurance: Bennita J Wade Agency
1503 Union Ave Ste 220Memphis, TN 38104(901) 276-8571

Peterson Insurance Services, Inc.
8046 N Brother Blvd #101Memphis, TN 38133(901) 386-4777

Ron Willis – State Farm Insurance Agent
3486 Poplar Ave #102Memphis, TN 38111(901) 454-7912

GEICO Insurance Agent
420 S Germantown Pkwy #109Cordova, TN 38018(901) 761-5240

View more Memphis, TN insurance agents

Tips for buying budget-friendly auto insurance for a Ford F-150

It is possible to find better rates, and here are some of the recommended penny-pinching ideas that can help Memphis drivers buy more affordable coverage.

That last piece of advice is extremely necessary, as was discussed in this write-up. Auto insurance prices can change significantly in a year, so don’t be hesitant to switch to a new company if you find a cheaper price. Having a favorite company is fine, but is isn’t recommended if that dedication is costing hundreds every year. It takes less than five minutes to shop around and find cheaper auto insurance for a Ford F-150 in Memphis.