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38240 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 38240 zip code it's important to know that our rates are very competitive for homeowners living in Obion, TN. Many homeowners based out of your 38240 area 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 home insurance quotes are free 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. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 38240 should appear in the zip code field ready to go. For Obion, TN Homeowners Insurance Quotes nearby, we offer the best rates and service.

38240: Average Home Insurance Rates

For homeowners living in the great city of Obion, the average homeowners policy is considered high in comparison to other states. Tennessee premiums are estimated to be around $988 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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38240 Home Insurance Average Premiums

Local 38240 homeowners insurance quotes comparison

$738 /yr.

Shows Zip Code: 38240 lowest rates with discounts applied on average.

For the 38240, 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)		$738 /yr.
Average Coverage:$988 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1288 /yr.

What is the average home insurance cost for a home in 38240?

  • • The average homeowners insurance premium paid annually for a home in 38240 is around $988 per year.

What does it cost on average per month for home insurance in 38240?

  • • Homeowners in 38240 pay a monthly average cost per month around $82.00.

What kind of discount could I get if I combine my home and auto insurance together in 38240?

  • • Autoowners in 38240 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 Obion area, check out other zip codes nearby 38240.
Review average rates in another zip code:
38240 homeowners insurance rates

Home Replacement Cost Coverage in 38240

Average Building Cost Per Square Foot in 38240: $135

Location: Obion, Tennessee (Obion County)

Average Square Footage in 38240: 627 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 38240 before you start any project. Obion 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 38240 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 38240 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 627 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 Obion 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$135627$84,700
Additional Upgrades & Added Features$169627$105,875
Major Home Updates or Advancements$203627$127,050

It's important to understand that when you estimate your replacement cost of your home in the 38240 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 38240

Best Home & Auto Insurance Agencies in 38240

Housing Demographics for 38240

Population Review for 38240 Zip Code

For the city of Obion, the population within 38240 has increased to over 1,743 residents in population size. The current population total is 1,970. We have broken down the population based on race below. In 38240, there are over 986 in male population and 984 females.

PopulationValues
Total Population1,970
White Population1821
Black Population55
Hispanic Population41
Asian Population2
Hawaiian Population0
Indian Population0
Other Population22
Male Population986
Female Population984
Population Estimate1743

Household Data for 38240

The average number of homes in 38240 is around 796, there are an average of 2.47 per household. The average house value according to local real estate values is around $84,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode796
Persons Per Household2.47
Average House Value$84,700
Income Per Household$52620
Median Age43.1
Median Age Male42.8
Median Age Female43.5
38240 DetailsValues
StateTN
State Full NameTennessee
City TypeP
City Alias Abbreviation
Area Code731
CityObion
City Alias NameOBION
CountyObion
County FIPS131
State FIPS47
Time Zone6
Day Light SavingY
MSA
PMSA
CSA542
CBSA46460
CBSA_DIV
CBSA_TypeMicro
CBSA_NameUnion City, TN
MSA_Name
PMSA_Name
RegionSouth
DivisionEast South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses18
Number Of Employees106
Business First Quarter Payroll888
Business Annual Payroll4188
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population38620
CBSA Division Population0
Congressional District08
Congressional LandArea6850.53
Delivery Residential706
Delivery Business12
Delivery Total891
Preferred Last Line KeyX25613
Classification Code
Multi-CountyY
CSA NameUnion City-Martin, TN
CBSA_DIV_Name
City State KeyX25613
Land Area85.099000
Water Area0.121000
City Alias Code
City Mixed CaseObion
City Alias Mixed CaseObion
Box Count150
SFDU679
MFDU0
State ANSI47
County ANSI131
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number476420
Unique ZIP Name
SSA State County Code44650
Medicare CBSA Code99944
Medicare CBSA NameRural Areas in TN
Medicare CBSA TypeMicro
Market Rating Area ID5
County Mixed CaseObion

Tennessee Homeowners Insurance News & Information

  • Can $600 Million Help Lower Florida Homeowners Insurance Rates? Posted on Friday 14th February, 2025

    Family relax on the couch. Happy beautiful young parents are smiling, hugging and playing with them kids at home together Governor DeSantis recently asked the legislature for over $600 million to help lower homeowners insurance in his 2025-26 budget request. The budget proposal asks for $590 million to go towards the My Safe Florida Home […]

  • North Carolina Homeowners’ Insurance Premiums May See a 15% Increase Posted on Thursday 23rd January, 2025

    The base rate for North Carolina homeowners insurance will be headed up by an average of 15% by the middle of 2026. The rate increases are part of a settlement that was reached with the insurance industry by the North Carolina Insurance Department. The state Insurance Commissioner Mike Causey recently announced the rate increase agreement […]

  • 2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025

    While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future.  According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]