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Home Insurance Costs with Deductible Scenarios in Memphis, TN & Nearby Areas

Place Name/Near by place Typical Insured Amount ($) High Deductible($)
($2500)
Low Deductible($)
($500)
Memphis, TN $94200 $590 $812
Sunset, AR $27000 $437 $602
Bartlett, TN $172300 $733 $1,008
Bridgetown, MS $181900 $1120 $1,541
Edmondson, AR $47500 $522 $718
Lakeland, TN $249700 $645 $887
Olive Branch, MS $170200 $971 $1,336
West Memphis, AR $84000 $555 $764
DeSoto County, MS $158600 $932 $1,283
Horn Lake, MS $98400 $656 $903

Impact of Coverage Amount on Home Insurance Cost In Memphis, TN

Coverage Amount Home Insurance Cost ($)
$100,000 $891
$200,000 $2,575
$300,000 $3,552
$400,000 $4,380
$500,000 $5,606
$750,000 to $1000,000 $6,482
Above $1000,000 $7,665


Memphis, TN Homeowners Insurance Rates Compared to State & National Average Rates

Average Home Insurance Cost($)
National Average $1224
Memphis, TN Average Home Insurance Cost$821.59
State Average Home Insurance Cost$1,044
Difference Vs national Average-402.41

Top Homeowners Insurance Companies in Memphis, TN

Insurance Provider Average Homeowners Insurance Cost($)
Erie $1,849
USAA $1,698
AAA $1,550
Shelter $1,421

Memphis, TN Home Insurance Discounts For Different Number of Claims

Type Discount/Extra Cost in ($) Premium After Claim Payout ($)
Claim Free -115 707
One Claim +49 871
Two Claims +99 920