Homeowners Insurance coverage in 38105

If you are a homeowner in 38105 or Memphis, TN you can now easily shop for homeowners insurance from the comfort of your own home. Check out GetHomeInsuranceQuotes.com and we will provide you with up to 12 insurance rate quotes from a variety of national insurance companies, making sure that you get the best premium quotes in Memphis.

Our service is always free so join the thousands of homeowners who have shopped for coverage, compared a variety of quotes and purchased a great policy using our site. Enter your zip code now and start shopping for a brand new homeowners policy.

Compare rates and find the best homeowners policy in 38105.

Learn more about our homeowners insurance shopping service by selecting the best Memphis, TN Home Insurance Quotes Online.

What is the Average Home Insurance Rates in 38105?

Residents of Memphis have found that shopping online for homeowners insurance coverage saves them not only time but money as well. So what is the average rate for homeowners insurance in Tennessee? While Tennessee is not the cheapest state in the country when it comes to homeowners insurance, it does rank fairly well. According to industry data, Tennessee comes in at 21 in the country for homeowners insurance premiums.

If you are living in 38105 zipcode, expect to pay around $989 for homeowners coverage compared to the national average of $1,249. It’s important to remember that these figures are averages and your own premium may be higher or lower depending on your personal factors.

Average rates listed here are based on a standard homeowners insurance policy, which protects your home, personal possessions, liability protection, loss of use and even medical payments. As with most standard homeowner insurance policies, coverage in Memphis does not offer protection against flood damage. If you live within a flood zone, a separate flood insurance policy may be required.

Get started now and our agents will help you determine what coverages your need and the ideal coverage levels for your particular situation.

Average Building Cost Per Square Foot in 38105: $135

Average Square Footage in 38105: 507 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 38105 before you start any project. Memphis homeowners pay on average around $135 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 38105 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 38105 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 507 sq. ft. and the average cost to rebuild the home in this area is around $135 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Memphis area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

It's important to understand that when you estimate your replacement cost of your home in the 38105 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Household Data for 38105

The average number of homes in 38105 is around 3,303, there are an average of 1.82 per household. The average house value according to local real estate values is around $68,500. Please review the following demographics below for average income and media age.

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