How To Make Your Memphis, TN Home Insurance Cheaper
Memphis, TN, homeowners insurance is about $847. V Home Insurance detailed analysis provides guidance to shoppers by choosing the right insurance provider for factors such as home value, coverage, and deductible. Enter your Zip Code below and click “GO” to get multiple free quotes.
Comparison of Memphis, TN Home Insurance Rates with the Shelby County Average
| Place | Shelby County Average: $1,447.0 | $ Difference vs coutny Average | % Difference vs coutny Average | Population | Estimated Value of a Home ($) |
|---|---|---|---|---|---|
| Memphis, TN | $847.0 | -600.0 | -0.41 | 651,050 | 94,200 |
Cost of Memphis, TN Homeowners Insurance by Home Value and Household Income
| Nearby Places | Median Home value ($) | Median Household Income ($) | Premium Range |
|---|---|---|---|
| Shelby County | 135,700 | 1,768 | $997 |
| Bob Ward | 58,700 | 10,046 | $789 |
| Tyronza | 73,600 | 11,846 | $868 |
| Brighton | 134,700 | 5,439 | $994 |
Homeowners Insurance Comparison for the Cheapest Premiums in Memphis, TN
| State Farm | Nationwide | GEICO | |
| Median Home Value ($) | 94,200 | 94,200 | 94,200 |
| Age of Home | Year 50 Old | Year 50 Old | Year 40 Old |
| Home Coverage ($) | $250,000 -$299,999 | $750,000 -$999,999 | $1500,000 -$2000,000 |
| Total Premium ($) | $3,445.6 | $8,396.7 | $9,127.8 |
Cost of Memphis, TN Home insurance Premium for Different Deductibles
| Company | Deductible ($) | Coverage value | Insurance premium ($) |
|---|---|---|---|
| Farmer's Insurance | 2000 | $150,000-$174,999 | 998.9 |
| American Home Shield | 500 | $175,000-$199,999 | 1,448.1 |
| Country Financial | 1500 | $400,000-$499,999 | 4,026.3 |
| Liberty Mutual | 1500 | $1000,000-$1499,999 | 6,562.9 |
| Progressive | 2500 | $750,000-$999,999 | 4,875.5 |
| Nationwide | 1000 | $750,000-$999,999 | 6,297.5 |
| MetLife | 1000 | $500,000-$749,999 | 5,446.5 |
| GEICO | 1000 | $250,000-$299,999 | 2,543.2 |
| The Hartford | 1000 | $300,000-$399,999 | 3,423.5 |
| Encompass Insurance | 500 | $200,000-$249,999 | 1,713.4 |