Memphis, TN · Insurance Agencies
Insurance Agencies in Memphis, by the numbers.
The Census Bureau counted 443 insurance agencies and brokerages in the Memphis, TN-MS-AR Metro Area in 2023, employing 2,074 people with $177.6 million in annual payroll.
The local market.
Census Bureau, County Business Patterns 2023. Figures cover the whole metro area.
443
52nd most of 387 US metro areas
2,074
4.7 per business, against 6.3 across all metros
$177.6 million
$85,649 per employee
89%
of businesses, against 89% across all metros
-2.4%
in the number of businesses (454 in 2022)
What the numbers say about Memphis.
- Memphis ranks 52nd of 387 US metro areas by number of insurance agencies and brokerages.
- Businesses here run smaller than average: 4.7 employees each, against 6.3 across all metros.
- Pay runs below the metro average: $85,649 per employee a year, against $93,147.
- The count fell by 11 businesses since 2022.
How VERA helps insurance agencies in Memphis.
The same product everywhere. It prepares the work and waits for your approval before anything goes out.
Quote intake that finishes
VERA replies to every quote request, asks for exactly the details your producers need, and sends a secure link to upload the current policy documents.
Follow up on every quote
Presented quotes are tracked from the day they go out, and VERA drafts a helpful follow-up before the prospect goes quiet.
Renewal outreach, weeks early
From the follow-up dates on each client, VERA drafts renewal review invites with booking times well before the renewal.
Questions
Insurance Agencies in Memphis
How many insurance agencies and brokerages are there in Memphis?
443 in the Memphis, TN-MS-AR Metro Area, according to the Census Bureau's County Business Patterns for 2023. Together they employed 2,074 people and paid $177.6 million in annual payroll.
Is the Memphis market for insurance agencies growing?
By number of businesses it shrank between 2022 and 2023: from 454 to 443 (-2.4%).
What does VERA do for insurance agencies in Memphis?
VERA drafts the quotes, invoices, follow-ups and customer messages a Memphis business runs on, and waits for the owner's approval before anything goes out. It is the same software everywhere; this page adds the local numbers.
Insurance Agencies in other markets
Other Memphis markets
Source: U.S. Census Bureau, County Business Patterns 2023 and 2022, metropolitan statistical areas. The Bureau adds a small amount of noise to these figures to protect individual businesses. The category counted is insurance agencies and brokerages, which can be broader or narrower than the trade itself. About the data.
See what VERA can do for your business.
Try it with the built-in demo data, no credit card, no API keys. VERA proposes the work and waits for your approval before it acts.