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Home Insurance Quotes in 38128

Are you shopping for a cheaper homeowners insurance rate in 38128? Our rates are very competitive for homeowners living in Memphis, TN. Many homeowners located in the 38128 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our online quoting process is free to use and our Tennessee licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. If you are unsure which policy is best for you, then please contact us so we can help you understand what coverage package you need to protect your home in 38128. To get free 38128 home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 38128 zip code should appear in the zip code field ready to go. Shopping Memphis, TN Homeowners Insurance Rates is easy, just click, complete your online quoting application for the property address located in 38128 to review the best rate coverages.

Your 38128 Home Insurance Costs Is Rated: High!

For the great city of Memphis, the average home insurance premium paid annually is around $963 for a standard HO-3 homeowners policy. It's important to know that you may need additional coverage like flood or earthquake insurance to cover your home. Most basic home insurance policies do not provide enough coverage to provide the risk and protection you need. Our Tennessee specific quoting application process is designed to meet the needs of the homeowner and we can provide the most competitive rates with enhanced coverage options. If you live in Memphis and need insurance on your home in the 38128 zip code, then it is important to use our service and easily discover more affordable homeowners insurance rates.

Get 38128 Homeowners Insurance Rates Now!

38128 Home Insurance Average Premiums

Local 38128 homeowners insurance quotes comparison

$713 /yr.

Shows Zip Code: 38128 lowest rates with discounts applied on average.

For the 38128, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$713 /yr.
Average Coverage:$963 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1263 /yr.

What is the average home insurance cost for a home in 38128?

  • • The average homeowners insurance premium paid annually for a home in 38128 is around $963 per year.

What does it cost on average per month for home insurance in 38128?

  • • Homeowners in 38128 pay a monthly average cost per month around $80.00.

What kind of discount could I get if I combine my home and auto insurance together in 38128?

  • • Autoowners in 38128 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Memphis area, check out other zip codes nearby 38128.
Review average rates in another zip code:
38120 homeowners insurance rates
38119 homeowners insurance rates
38116 homeowners insurance rates
38122 homeowners insurance rates
38118 homeowners insurance rates
38108 homeowners insurance rates
38115 homeowners insurance rates
38133 homeowners insurance rates
38117 homeowners insurance rates
38152 homeowners insurance rates

Home Replacement Cost Coverage in 38128

Average Building Cost Per Square Foot in 38128: $135

Location: Memphis, Tennessee (Shelby County)

Average Square Footage in 38128: 676 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 38128 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 38128 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 38128 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 676 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.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$135676$91,200
Additional Upgrades & Added Features$169676$114,000
Major Home Updates or Advancements$203676$136,800

It's important to understand that when you estimate your replacement cost of your home in the 38128 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.

Best Homeowners Insurance Agencies in 38128

Farmers Insurance Group of Companies

Address: 3606 Austin Peay Highway Suite 104 Memphis, TN 38128
Phone: (901)377-9500
Website: www.farmers.com

Best Home & Auto Insurance Agencies in 38128

Bill Blake Auto Insurance

Address: 3981 Frayser Raleigh Rd Memphis, TN 38128
Phone:
Website:
Info:

Farmers Insurance Group of Companies

Address: 3606 Austin Peay Hwy, #104 Memphis, TN 38128
Phone:
Website: http://www.farmers.com
Info: Auto Insurance Quotes | Home, Life & Car Insurance | Farmers Insurance
Home, life and auto insurance quotes from Farmers Insurance Group. With discounts on car insurance and fast claim service its no wonder over 4000 customers a day switch to Farmers. Farmers Insurance group, auto insurance quotes, car insurance, auto insurance, automobile insurance, rate quote, business insurance, financial insurance, home insurance, mutual funds, life insurance, motorcycle insurance, farmers agent, renters insurance,

Chopper City

Address: 4422 Yale Rd Memphis, TN 38128
Phone:
Website:
Info:

Allstate Insurance Companies - Sales Offices- Covington Pike & I240

Address: 3030 Covington Pike Memphis, TN 38128
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
Allstate auto insurance quotes and anonymous ballpark estimates to help protect you, your family and your automobile. Insurance and financial products include car insurance, home insurance, business insurance, life insurance, IRAs and annuities. car insurance, auto insurance quote, vehicle insurance, free online insurance quotes, rate quote, life insurance, annuities, mutual funds, IRAs, allstate insurance agent, allstate.com

Direct General Insurance Agency Inc - Memphis

Address: 4132 Jackson Ave Memphis, TN 38128
Phone:
Website:
Info:

Housing Demographics for 38128

Population Review for 38128 Zip Code

For the city of Memphis, the population within 38128 has increased to over 46,489 residents in population size. The current population total is 43,197. We have broken down the population based on race below. In 38128, there are over 19641 in male population and 23556 females.

PopulationValues
Total Population43,197
White Population4479
Black Population33802
Hispanic Population3951
Asian Population191
Hawaiian Population5
Indian Population155
Other Population2681
Male Population19641
Female Population23556
Population Estimate46489

Household Data for 38128

The average number of homes in 38128 is around 15,987, there are an average of 2.68 per household. The average house value according to local real estate values is around $91,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode15,987
Persons Per Household2.68
Average House Value$91,200
Income Per Household$37155
Median Age32.0
Median Age Male29.4
Median Age Female34.1
38128 DetailsValues
StateTN
State Full NameTennessee
City TypeP
City Alias Abbreviation
Area Code901
CityMemphis
City Alias NameMEMPHIS
CountyShelby
County FIPS157
State FIPS47
Time Zone6
Day Light SavingY
MSA4920
PMSA
CSA368
CBSA32820
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMemphis, TN-MS-AR
MSA_NameMemphis, TN-AR-MS MSA
PMSA_Name
RegionSouth
DivisionEast South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses478
Number Of Employees7503
Business First Quarter Payroll69783
Business Annual Payroll314260
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population1316100
CBSA Division Population0
Congressional District09
Congressional LandArea483.39
Delivery Residential17347
Delivery Business811
Delivery Total19371
Preferred Last Line KeyX25498
Classification Code
Multi-County
CSA NameMemphis-Clarksdale-Forrest City, TN-MS-AR
CBSA_DIV_Name
City State KeyX25498
Land Area23.638000
Water Area0.356000
City Alias Code
City Mixed CaseMemphis
City Alias Mixed CaseMemphis
Box Count0
SFDU11718
MFDU3191
State ANSI47
County ANSI157
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number475664
Unique ZIP Name
SSA State County Code44780
Medicare CBSA Code32820
Medicare CBSA NameMemphis, TN-MS-AR
Medicare CBSA TypeMetro
Market Rating Area ID6
County Mixed CaseShelby

Tennessee Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]