Murfreesboro ,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 Murfreesboro, 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 Murfreesboro, TN is $1685. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Murfreesboro, TN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Murfreesboro, TN.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $674 |
| $200,000 | $1,146 |
| $300,000 | $1,415 |
| $400,000 | $2,157 |
| $500,000 | $2,713 |
Home insurance costs in Murfreesboro 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 |
|---|---|
| 037127 | $2,197 |
| 37128 | $2,205 |
| 37129 | $2,200 |
| 37130 | $2,178 |
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 Murfreesboro, TN, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,728 |
| $1000 Deductible | $1,545 |
| $1500 Deductible | $1,458 |
| $2500 Deductible | $1,314 |
| $5000 Deductible | $1,112 |
| Home Insurance Company Near Murfreesboro, TN | Homeowners Insurance Agency Near Murfreesboro, TN | Address |
|---|---|---|
| Travelers | A C Insurance Inc | 203 NORTH MAIN STREET, ASHLAND CITY, TN, 37015 |
| Travelers | Alexander And Associates Inc | 545 MAINSTREAM DR STE 406, NASHVILLE, TN, 37228 |
| Travelers | Barton Insurance Group Llc | 3129 Brimstead Drive, Franklin, TN, 37064 |
| Nationwide | Rayme Phillips | 110 Glancy St STE 104, Goodlettsville, TN, 37072-2326 |
| Farmers | Tom White Jr | 580 HIGHWAY 70 Ste 103, Pegram, TN, 37143 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Rutherford County, Tennessee | $123 | $164 | $246 |
| Walterhill CDP, Tennessee | $117 | $156 | $234 |
| Smyrna town, Tennessee | $122 | $163 | $245 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Murfreesboro, TN | 4.8% | 16.3% |
| Rutherford County | 5.23% | 18.39% |
| Walterhill | 7.05% | 20.04% |
| Smyrna | 5.28% | 18.53% |
| Murfreesboro Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 251 | 1.0% | $342 |
| $200 to $299 | 285 | 1.0% | $792 |
| $300 to $499 | 1,004 | 5.0% | $1242 |
| $500 to $749 | 5,482 | 29.0% | $1917 |
| $750 to $999 | 6,120 | 32.0% | $2667 |
| $1,000 to $1,499 | 4,572 | 24.0% | $3792 |
| $1,500 or more | 833 | 4.0% | $5442 |
| Streets in Murfreesboro Area | Homeowners Insurance Cost |
|---|---|
| Archer Ave, Skipton Dr, Stoney Meadow Dr, Maylon Dr, Bonaventure Ct, Saugus St, Joben Dr, Countryside Rd, Wexford Dr, Quaker Ct | $816 |
| Strickland Dr, Post Dr, Osborne Ln, Ragland Ave, Sweetspire Dr, Redmont Dr, Ent Ct, Bridlewood Dr, Black Stallion Ct, Aster Ct | $837 |
| Susan Dr, Grantland Ave, Larkway Dr, Throne St, Woodside Ct, Yuma Ct, John R Rice Blvd, London Ave, Castle View Ct, Marymont Springs Blvd | $878 |
| Majesty Dr, Sagewood Dr, New Nashville Hwy, Gordon Ter, Barfield Crescent Rd, Dave Way, Baulcom Ct, Ziffell Dr, Bell Buckle Rd, Cain Ct | $815 |
| Plainview Rd, Jamie Cir, Rodeo Rd, Chanda Ln, Dixon Ct, Winthrop Ave, W Barfield Rd, Talmadge Ct, Cooks Ct, Sanctuary Pl | $805 |
| Ashers Fork Rd, Saddlewood Ct, Ashford Ct, Velvet Ct, Palm Ct, War Paint Ct, Asbury Rd, Cooper Rd, Shacklett Rd, Stones River Mall Circle Blvd | $854 |
| Ramblewood Dr, Silver Springs Ct, Haynes Haven Ln, Mount Herman Rd, New Holland Cir, Breckenridge Dr, Yorktown Ct, Justice Rd, Hartford Dr, Scruggs Hollow Rd | $843 |
| Williamson Ct, Amstreedam Ct, Kari Dr, Concord Mill Dr, Tidesridge Cove, Firerock Dr, Raines St, Dakota Dr, Hanby Dr, Jerry Burns Rd | $804 |
| Falling Tree Ct, Cambridge Dr, Kay St, Compton Rd, Siegal Rd, Wakonda Ct, Cross Creek Ct, Creek Stone Xing, Nature Dr, Cedar View Dr | $837 |
| Sims Rd, Field Rd, Michalean Dr, Central Blvd, Grange Pl, Samsonite Blvd, Nelson Ln, Castlewood Ct, Jones Blvd, Clearview Dr | $824 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Murfreesboro | $124 to $126 |
| Rutherford County | $123 |
| Walterhill | $117 |
| Smyrna | $122 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,500 | $2,500 |
| Yearly Murfreesboro Homeowner Insurance Premium Example | $2,000 | $1,500 |
| Out of Pocket Expense During Claim | $1,500 | $2,500 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $7,500 | $7,000 |
| Net Savings to Murfreesboro Home Owner from High Deductible Plan | $500 | |
| Scenario | Murfreesboro, TN Home Replacement Value MORE than Home Value | Murfreesboro, TN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $162,500 | $106,000 |
| Insurance Premium based on Replacement Value | $775 | $500 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $41,500 | Risk Exposure from Under Insuring Coverage is $15,000 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $200/year |
| Insurance Company | Nationwide Insurance | Travelers | Farmers Insurance |
| Monthly Premium | 73 | 55 | 48 |
| Year Built | 1980 | 2014 | 2007 |
| Home Details | 4 Beds, 1 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $150000-$175000 | $125000-$150000 | $125000-$150000 |
| Deductible | $500- $1000 Deductible | $1000-$2500 Deductible | $500- $1000 Deductible |