Thompson Insurance Agency

Auto Insurance
in Tennessee
and Mississippi

Every driver's situation is different. We shop Progressive, Liberty Mutual, Nationwide, GEICO, Allstate, and National General to find the right coverage at the right price for your vehicles, your household, and your driving history.

What Auto Insurance Actually Does

Auto insurance is a contract that protects you financially if your vehicle is involved in an accident, is stolen, or sustains damage. It is also the mechanism that protects other people if you are at fault in a collision — covering their medical bills, lost wages, and property repairs so that those costs do not follow you personally.

For drivers across Memphis, Germantown, Collierville, Southaven, and Olive Branch, the right auto policy goes well beyond the legal minimums. Tennessee requires 25/50/15 and Mississippi requires 25/50/25 in liability limits — but those numbers were not designed to fully protect a working family from a serious accident. We help clients understand what adequate limits actually look like, then find the carrier that delivers them at the most competitive price.

When Auto Coverage Matters

Auto insurance is legally required for any registered vehicle in Tennessee and Mississippi — but the right structure matters as much as having coverage at all.

All Registered Vehicle Owners

Tennessee and Mississippi both require proof of liability insurance to register a vehicle and to drive legally. Driving uninsured carries significant fines, license suspension, and personal financial exposure.

Financed or Leased Vehicles

If you are making payments on your vehicle, your lender requires comprehensive and collision coverage until the loan is paid off. A gap endorsement is also worth considering if your loan balance exceeds your vehicle's market value.

Multi-Vehicle Households

Families with two or more vehicles typically benefit from significant multi-car discounts when all vehicles are placed with the same carrier. We structure multi-vehicle households to maximize both coverage and savings.

High-Net-Worth Drivers

If your personal assets exceed your liability limits, you are exposed. We pair strong auto liability coverage with umbrella insurance for clients who have built meaningful wealth and want to protect it properly.

Core Auto Coverages

Liability Coverage

Pays for bodily injury and property damage you cause to others in an accident. This is the foundation of every auto policy and the coverage required by state law. We recommend limits well above the state minimums for any client with meaningful assets or income.

Comprehensive and Collision

Collision covers damage to your vehicle when it strikes another object. Comprehensive covers theft, weather events, animal strikes, and other non-collision losses. Both carry their own deductible, which you choose at the time of purchase.

Uninsured / Underinsured Motorist

Protects you when the at-fault driver has no insurance or insufficient limits to cover your losses. Tennessee and Mississippi both have above-average rates of uninsured drivers, making this coverage especially important in our market.

Medical Payments and Optional Add-Ons

Medical payments coverage handles medical bills regardless of fault. Optional endorsements include rental reimbursement, roadside assistance, new car replacement, and gap coverage for financed vehicles.

What's Typically Excluded

Auto Insurance FAQ

Tennessee requires minimum liability limits of 25/50/15 — $25,000 per person for bodily injury, $50,000 per accident, and $15,000 for property damage. These minimums are a legal floor, not a recommendation. Most advisors suggest significantly higher limits to protect your assets.
Mississippi requires 25/50/25 liability limits. As in Tennessee, these state minimums are designed to satisfy the legal requirement, not to fully protect you in a serious accident. We walk every client through what adequate limits look like for their specific financial picture.
Full coverage is not a policy type — it is an informal term that typically refers to combining liability coverage with comprehensive and collision. Comprehensive covers theft, weather, and animal strikes. Collision covers damage when your vehicle strikes another object. These are separate coverages with their own deductibles.
As an independent agency, we shop your risk across multiple carriers to find the most competitive rate. Beyond that, bundling with a homeowners policy, maintaining a clean driving record, choosing a higher deductible, and completing a defensive driving course can all reduce your premium.
Rental reimbursement is an optional endorsement, not automatic coverage. If your vehicle is in the shop after a covered claim and you need a rental, you want this coverage in place before the loss occurs. We include it in our standard review for every auto client.
Uninsured motorist (UM) coverage pays for your injuries and damages if the at-fault driver has no insurance. Underinsured (UIM) coverage responds when the at-fault driver's limits are too low to fully cover your losses. Both are important in Tennessee and Mississippi, where uninsured driver rates are above the national average.
Rate treatment for not-at-fault accidents varies by carrier. Some carriers do not surcharge for not-at-fault claims; others may factor them into renewal pricing. As your independent agent, we can review your options at renewal and re-shop your coverage if a rate increase is not warranted.
Yes. If your license requires an SR-22 filing following a DUI, license suspension, or other violation, we work with carriers who accommodate SR-22 requirements in both Tennessee and Mississippi.

Ready to Get Covered?

Let's build the right policy for your situation. Start online or talk to a real advisor who knows the Mid-South market.