Memphis Insurance Rates:

Memphis ,TN Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.

VHome Insurance conducted a thorough analysis of the Memphis, TN homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Memphis, TN is $2144. Enter your zipcode below and click “GO” to get multiple free quotes.

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Home Insurance Companies in Memphis, TN: Customer-Reviewed Options


Memphis, TN Homeowners Insurance Rates by Coverage Level

It is important to understand the different coverage options available in Memphis, TN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Memphis, TN.

Coverage Level Average Annual Premium
$100,000 $858
$200,000 $1,458
$300,000 $1,801
$400,000 $2,744
$500,000 $3,452


Memphis, TN Homeowners Insurance Rates by ZIP Code

Home insurance costs in Memphis can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.

Zipcode Average Insurance Premium
038128 $2,005
38112 $2,076
38118 $1,990
38107 $2,018
38122 $1,993
38105 $1,980
38109 $1,978
38127 $1,978
38114 $1,975
38106 $1,965
38126 $1,960
38108 $1,966
38120 $2,310
38103 $2,244
38119 $2,151
38104 $2,180
38117 $2,152
38135 $2,115
38125 $2,094
38133 $2,099
38116 $2,011
38141 $2,032
38111 $2,025


Memphis, TN Homeowners Insurance Deductibles

One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Memphis, TN, and how to choose the right one for your needs.

Deductible Level Average Annual Premium
$500 Deductible $2,198
$1000 Deductible $1,966
$1500 Deductible $1,855
$2500 Deductible $1,672
$5000 Deductible $1,415



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

Memphis, TN Home Insurance Agents for Top Companies


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%

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

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

Memphis, TN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
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