Find the lowest Homeowners Insurance Rates in 38109

There are a number of ways to save money on your homeowners insurance rates. Discounts, bundling, upgrading your security system or replacing your roof with wind resistance materials are all great ways to lower your premium but the number one recommended way to save is to shop your coverage on a regular basis.

If you are shopping for coverage in 38109, do yourself a favor and get a rate quote from GetHomeInsuranceQuotes.com. We will provide you with up to 12 quotes for homeowners coverage in Memphis, TN from a list of top tier nationwide insurers.

Our Tennessee licensed agents will review the quotes with you and provide advice on coverage types and coverage levels that will work best for you and your family.

It’s easy to get started. Just click the "Get Multiple Quotes Now" button below and your 38109 will appear in the zip code field and you are ready to go.

It’s Time to Compare Rate Quotes for 38109

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Memphis, TN home insurance quotes in your local city and review the most competitive coverages and premiums.

38109 Ratings: high!

Saving up to 40 percent on your homeowner insurance premium has never been easier. We will do all of the legwork for you and present you with the best policy options to help protect your home.

In addition to gathering the best quotes from 12 major insurance companies in Memphis we will also share what average rates are in your area so we can compare savings and coverage options. Reviewing what home insurance cost will help you determine if your current insurance premium is on the high side or if you are already getting a bargain. For example, in 38109, homeowners are seeing rates around 956 on average per year.

Let us help you compare home insurance rates right now. Get started shopping for new policy in 38109!

Average Building Cost Per Square Foot in 38109: $135

Average Square Footage in 38109: 490 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 38109 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 38109 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 38109 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 490 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 38109 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.

Direct General Insurance Agency Inc - Memphis

Pointer Insurance Agency

Apex Insurance Agency

Household Data for 38109

The average number of homes in 38109 is around 16,360, there are an average of 2.59 per household. The average house value according to local real estate values is around $66,200. Please review the following demographics below for average income and media age.

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