Memphis Insurance Rates:

Memphis, TN homeowners insurance is roughly $670 to $908, about $55-$75/month. Our comprehensive research indicates shoppers can save as much as $315 by getting different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

Safeco
Safeco has been very good mostly because of the price. i have not used it (and hope i never have to) but i have compared periodically over the years and it is consistently the lowest price for the coverage offered.
Farmer's
We would have preferred a smaller insurance company that is a bit more local and personal. rather than a large company that will most likely treat its customers like an account number.
Blue Cross Blue Shield
We have never had a bad customer service experience with this insurance carrier before, and i think that shows well how the company runs.

Memphis, TN Homeowners Insurance By Home Value

Memphis, TN Home Value Total Homes % of Total Average Memphis, TN Homeowners Insurance
Less than $50,000 16,130 13.0% $197
$50,000 to $59,999 9,037 7.0% $418
$60,000 to $69,999 11,085 9.0% $520
$70,000 to $79,999 10,003 8.0% $599
$80,000 to $89,999 10,641 8.0% $678
$90,000 to $99,999 8,294 6.0% $757
$100,000 to $124,999 15,705 12.0% $875
$125,000 to $149,999 11,246 9.0% $1096
$150,000 to $174,999 8,959 7.0% $1301
$175,000 to $199,999 4,933 4.0% $1499
$200,000 to $249,999 6,575 5.0% $1806
$250,000 to $299,999 4,518 3.0% $2209
$300,000 to $399,999 4,421 3.0% $2808

Top Home Insurance Agents Near Memphis, TN

Home Insurance Company Near Memphis, TN Homeowners Insurance Agency Near Memphis, TN Address
NA Clm Insurance Group P O Box 345 Byhalia, Olive Branch, MS, 38611
Nationwide Brooks Edward Mcdonald 5820 Stage Rd, Bartlett, TN, 38134
Allstate Ed Truett 5050 Poplar Ave Ste 927, Memphis, TN, 38157
Travelers Morton Insurance Agency Inc 2865 SUMMER OAKS DR STE 101, BARTLETT, TN, 38134
Travelers The Clm Insurance Group Inc 8007 HIGHWAY 178 WEST, BYHALIA, MS, 38611

Cost Of Homeowners Insurance By Street Near Memphis, TN

Streets in Memphis Area Homeowners Insurance Cost
E Calhoun Ave, Fox Green Cove, Keeli Cove, Ace Dr, Denimwood Dr, Carol Ann Cove, Thornhill Dr, Blakeview Pl, Creekwood Cove, Meadow Chase Cove$822
Grace View Ln, Farrow Ave, Bruins Trce, Waco St, Ross Creek Cove, Northaven Cove, Wickshire Cove W, Southbrook Mall, Ackerman Cove, Gibbons Pl$852
W Germanwood Ct, Acorn Dr, Dalry Cv, Hickory Ridge Trl, Hidden Arbor Ct, Claremont Cir, Atkins Dr, Clove Dr, Hawthorne St, Rhonda Cir N$849
Todd Dr, Rainsong Cove S, Lyceum Rd, Grey Bark Cove, Isabelle St, Cedar Ridge Cove E, N Amanda Cir, Lacewing Trace Ln, Old Trl Cove, Parkside Ave$765
Lafayette Pl, Sweet Berry Cove, Park Ln, Bergen Cove, Ozan St, Coolidge Cove, Steamboat Bend, Alfaree St, Brompton Rd, Isis Cove$833
Kerry Dr, Treys Cove, Oakleaf Office Ln, Lotus Rd, Dove Hollow Cir W, Chevy Chase Dr, North St, Antilles Ct, Chippewa Ct, Winhoma Dr$758
Kinsman Rd, Aureen Dr, Acadia Pl, Chatsworth Dr, Farindon Dr, E Goodwyn St, E Oak Shadows Cir, Lovestone Cove, Glasgow St, Reese Point Dr$782
N Mendenhall Rd, Joseph Pl, E Glenhome Dr, Oakfield Dr, Shadeley Dr, Brady Hill Dr, Selinda Cove, Heartland Ln, Lida Cv, Misty River Rd$786
Green Bush Pl, Kenner Ave, Tropicana Dr N, Becky Cove, Lamar Cove, Whitehaven Ln, Alice Ave, N Lexington Cir, West Dr, Queens Fairway St$799
Mill Hill Ave, Jeffries Cove, Everetts Folly St, Raleigh Ridge Cove, Camelia Ln, Estill St, Crimson Leaf Cove, E Erwin Dr, Malone Ave, Manor Ln$799

Memphis, TN Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Memphis$118 to $120
Shelby County$121
Southaven$143
Germantown$132

Memphis, TN Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Shelby County, Tennessee $101 $135 $202
Southaven city, Mississippi $119 $159 $238
Germantown city, Tennessee $111 $147 $221

Memphis, TN Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Memphis, TN5.4%14.8%
Shelby County4.75%13.91%
Southaven6.28%23.95%
Germantown3.3%10.16%

Memphis Renters Insurance as a Percentage of Rent

Memphis Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,849 1.0% $365
$200 to $299 3,004 2.0% $815
$300 to $499 8,152 7.0% $1265
$500 to $749 34,351 30.0% $1940
$750 to $999 37,428 33.0% $2690
$1,000 to $1,499 23,956 21.0% $3815
$1,500 or more 4,425 3.0% $5465

Memphis, TN Homeowners Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
38128 $87,000 $790
38112 $86,800 $790
38118 $80,000 $790
38107 $78,300 $780
38122 $74,200 $780
38105 $70,000 $780
38109 $69,400 $780
38127 $63,400 $770
38114 $62,100 $780
38106 $58,200 $770
38126 $56,000 $770
38108 $48,700 $770
38120 $273,700 $890
38103 $246,500 $870
38119 $176,700 $840
38104 $175,700 $840
38117 $170,100 $840
38135 $165,800 $840
38125 $154,500 $820
38133 $140,700 $820
38116 $106,800 $800
38141 $100,400 $790
38111 $100,200 $790

Memphis, TN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$800$1,800
Yearly Memphis Homeowner Insurance Premium Example $1,300$1,100
Out of Pocket Expense During Claim$800$1,800
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $11,200$10,600
Net Savings to Memphis Home Owner from High Deductible Plan $600

Memphis, TN Home Insurance Costs With Home Replacement Value Scenarios

Scenario Memphis, TN Home Replacement Value MORE than Home Value Memphis, TN Home Replacement Value LESS than Home Value
Replacement Value $105,000 $58,500
Insurance Premium based on Replacement Value $625 $350
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $24,000 Risk Exposure from Under Insuring Coverage is $22,500
Premium Impact Insurance cheaper by $150/year Insurance costlier by $125/year

Example Memphis Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Chubb Group of InsuranceAllstateGEICO Insurance
Monthly Premium 463545
Year Built 199519781989
Home Details 4 Beds, 2 Baths2 Beds, 1 Baths3 Beds, 2 Baths
Coverage Amount $175000-$200000$75000-$100000$100000-$125000
Deductible $5000 to $10,000 Deductible$1000-$2500 Deductible$1000-$2500 Deductible

Sample Home Insurance Rates for Memphis, TN from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1985 205,000 Metal Roof 3,320 4 $1000-$2500 Deductible 260 3 Vinyl siding yes
1984 135,000 Slate Shingles Roof 2,230 5 $500 Deductible 160 3 Brick siding No
1970 260,000 Slate Shingles Roof 3,110 4 > $10,000 Deductible 330 8 Wood siding yes
1968 80,000 Membrane Roof 1,380 2 $500 Deductible 390 9 Fiber-Cement Siding No
1985 105,000 Membrane Roof 1,790 2 $2500-$5000 Deductible 200 6 Fiber-Cement Siding No
1994 165,000 Membrane Roof 2,210 3 $1000-$2500 Deductible 40 1 Stone Siding yes
1988 145,000 Metal Roof 1,910 3 $500 Deductible 410 8 Stucco siding No
1981 115,000 Metal Roof 1,740 4 $500 Deductible 50 1 Brick siding yes
1965 80,000 Wood Shake Roof 1,210 3 $500 Deductible 130 5 Stucco siding yes
1984 15,000 Wood Shake Roof 1,177 3 $1000-$2500 Deductible 30 5 Vinyl siding yes