McMinnville Insurance Rates:

McMinnville, TN home insurance is nearly $664 to $903, about $55-$75/month. Our in depth analysis shows customers can save as much as $313 by getting multiple quotes

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McMinnville Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $350/8 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $105,000

3 Beds, 3 Bath 1870 sqft Seasonal Residence Constructed In 2001 with Carpet Flooring, Metal Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Deadbolt Locks, Swimming Pool, Central Air Conditioning, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

45 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $490/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $115,000

3 Beds, 3 Bath 1710 sqft Primary Residence Constructed In 1977 with Stone Flooring, Composition Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Married Female who is Unemployed and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $410/7 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $130,000

3 Beds, 3 Baths 1920 sqft Rental Property Constructed In 2001 with Carpet over wood flooring, Composition Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Fireplace, Swimming Pool, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

25 Years old Married Male who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $620/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $155,000

4 Beds, 4 Bath 2120 sqft Vacation Property Constructed In 1973 with Linoleum, Slate Shingles Roof, Crawl Space Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $320/5 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

3 Beds, 3 Bath 2360 sqft Seasonal Residence Constructed In 1972 with Linoleum, Wood Shake Roof, Crawl Space Foundation, Vinyl siding, Wood Frame. Home Features Include Smoke Alarm, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Single Female who is a Freelancer with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $280/6 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $140,000

4 Beds, 4 Bath 2560 sqft Vacation Property Constructed In 1967 with Carpet over wood flooring, Membrane Roof, Chainwall Foundation, Stone Siding, Brick Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Married Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $470/12 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $90,000

3 Beds, 3 Bath 1400 sqft Primary Residence Constructed In 1972 with Linoleum, Metal Roof, Piers Foundation, Stone Siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Fireplace, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

67 Years old Divorced Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $220/5 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $110,000

3 Beds, 3 Bath 2120 sqft Rental Property Constructed In 1999 with Hardwood Flooring, Asphalt Shingles Roof, Piers Foundation, Vinyl siding, Stucco Construction. Home Features Include Fireplace, Copper Water Pipes, Swimming Pool, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

57 Years old Married Female who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Mcminnville Rates & Quotes Analysis:

McMinnville Area Estimated House Insurance
N Chancery St, S Mill St, Industrial Dr, Post Hill Ct, Winfrey Ct, Putnam St, Whiteaker St, Westwood 6th Ave, Donnell St, State Hwy 8$788
Chickasaw Trl, Donavon Dr, Old Morrison Rd, Waynes Dr, McClain Rd, Shelbyville Rd, Ben la Dr, Fisher St, Hillwood Ln, Club Dr$788
Shangri la Ln, Nicole St, Flagstone Ct, Seitz St, Magness Dr, Turkey Run Ln, Finger Chapel Cemetery Rd, Ray Lee Ln, Coleson Cir, Spencer Ln$800
S Fair St, Beech Grove Rd, Gillespie St, Grove Rd, Bonner St, Easy St, Ball Park Rd, Bottoms Rd, South Cir, Todd Ln$797
Hickory Creek Ln, White St, Carent Cemetery Rd, Indian Mound Dr, Skyline Dr, Pegg Ln, E Main St, Caney Branch Rd, Gentry St, Hillside Ln$776

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,035 Homes (15% of total) built between 1950 to 1959 in McMinnville are paying home insurance between $1,473-$1,485 compared to Cannon County (+$25), Doyle (+$11), New Union (+$50), Beersheba Springs (-$20) and Altamont (-$30).
  • Bedrooms: 528 4 bedrooms homes (8% of total homes ) in McMinnville are paying about $1,050 and differs from Warren County (+$3), Cannon County (+$10), New Union (+$27), Centertown (-$10) and Morrison (-$3).
  • Auto Insurance Bundling: 1,253 Households (43% of all households) in McMinnville have 2 vehicles available and when it is bundled with home insurance you can save $156. Discounts for similar bundling in close by locations such as Warren County, Centertown, Morrison come to $157, $156, $156 respectively.
  • Senior Discounts: 1,740 seniors (more than 55 years) occupied housing units (59% of total) in McMinnville get discounts between $117 to $119. The comparative concessions in proximate regions such as Warren County, Viola and Beersheba Springs are $117, $116 and $115 respectively.
  • New Homes discounts: New homes such as the 2,065 homes built between 2000 to 2009 in McMinnville can save $156 and similar new home insurance discounts in nearby towns and cities like Warren County, Centertown and Morrison are $157, $156 and $156 respectively.

McMinnville Homeowners insurance Facts

  • Mcminnville, TN has 2,903 owner occupied houses which is 51.6% of all units whereas Warren County, Centertown and Morrison have 70.73%, 82.57% and 66.53% respectively.
  • McMinnville, TN homeowners yearly insurance price at $784 is 0.89% of the typical house value of $88,300 which is in contrast with 0.86% in Warren County, 0.91% at Centertown & 0.92% in Morrison.
  • Homeowners in McMinnville, TN pay 1.36% of their income ($45,000 to $49,999) in insurance whereas homeowners in Warren County, Centertown and Morrison pay 1.37%, 1.36% and 1.36% respectively.
  • McMinnville, TN’s insurance is 7.3% of monthly housing costs of $891/month, for owners with a mortgage compared to 7.35% in Warren County, 8.93% at Centertown & 7.83% in Morrison. But, for households without a mortgage, insurance is 21.2% of costs ($308 in McMinnville, TN) in contrast with 21.83% in Warren County, 16.75% at Centertown & 16.17% in Morrison.

McMinnville, TN Home Values & Insurance rates

For example, insurance for 250 Homes (8.0% of total homes ) valued between $80,000 to $89,999 in McMinnville, TN is about $752. Rates in nearby areas in such as Warren County, Cannon County, Woodbury are cheaper by $29, $163, $22 respectively while Centertown and Morrison are costlier by $14 and $22 respectively for similar homes.

Mcminnville, TN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 369 12.0% $219
$50,000 to $59,999 151 5.0% $462
$60,000 to $69,999 259 9.0% $572
$70,000 to $79,999 464 16.0% $658
$80,000 to $89,999 250 8.0% $752
$90,000 to $99,999 270 9.0% $838
$100,000 to $124,999 296 10.0% $972
$125,000 to $149,999 267 9.0% $1215
$150,000 to $174,999 188 6.0% $1442
$175,000 to $199,999 72 2.0% $1662
$200,000 to $249,999 95 3.0% $1999
$250,000 to $299,999 133 4.0% $2446
$300,000 to $399,999 35 1.0% $3104

Renters Insurance in McMinnville

  • Average Renters Insurance in Mcminnville :  $272($22/month)

  • Median Gross Rent in Mcminnville :  $505

  • Mcminnville Renters Insurance to Median Rent Ratio:  4.36%

  • Renter occupied housing units in Mcminnville :  2,724

Mcminnville Renters Insurance as a Percentage of Rent

Mcminnville Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 131 5.0% $368
$200 to $299 341 13.0% $818
$300 to $499 754 30.0% $1268
$500 to $749 886 35.0% $1943
$750 to $999 326 13.0% $2693
$1,500 or more 31 1.0% $5468

Rent Affordability in Mcminnville:

Approximately 42.0% (1,152) of households are spending more than 35% of their income on gross rent in Mcminnville

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 285 10.0%
15.0 to 19.9 percent 439 16.0%
20.0 to 24.9 percent 341 12.0%
25.0 to 29.9 percent 285 10.0%
30.0 to 34.9 percent 222 8.0%
35.0 percent or more 1,152 42.0%

Mcminnville Renters Insurance Discounts:

Mcminnville Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Mcminnville, TN Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 1,472 54.0% $27.2
2 vehicles available 733 26.0% $40.8
3 or more vehicles available 158 5.0% $54.4

Protective device discount in Mcminnville Up to :  $40

Claims-free discount in Mcminnville Up to :  $54