Guys, TN Homeowners Insurance Rate Quotes!
Are you shopping online because your homeowners insurance rates have increased in Guys, TN? Getting mulitiple home insurance quotes from GetHomeInsuranceQuotes.com of Tennessee couldn't be easier. Within minutes you can compare the most competitive prices and use our free consultation process to help you decide which coverage and rate is best for you and your family. The insurance providers that we shop for you are very competitive in Guys and have an above average rating with A.M. Best. If you have additional questions or would prefer to work with our specialized Tennessee insurance agent then please give us a call. For faster quotes, you can get your Guys home insurance quotes online by entering your zip code of the home you would like to insure.
What is a Guys, TN home insurance policy? For Guys homeowners, you may be interested to know that a home insurance policy is classified as a multiperl. This simply means that it combines both your property and casualty coverage into one packaged policy making it convenient and less expensive to insure your home in Guys. Your Tennessee home insurance policy is designed to protect you from major risk like theft, fire and wind/hail damage. In addition, your new policy can also cover your belongings and liability coverage that may occur due to accidents or injury. Our agents feel it is important for you save money on the cost of your home insurance, but understanding the benefits of great coverage can help protect you when you need it most.
Guys, TN City Information
| Source | Value |
|---|---|
| Location: | Guys, TN (MCNAIRY County) |
| Population: | 637 |
| Occupied Residents: | 264 |
| Average Real Estate Value Per Zip Code: | $143,100 |
Average Guys Home Insurance Rates
Let's review home insurance rates for the city of Guys. Did you know that homeowners are finding easier ways to get more affordable rates by shopping online? Tennessee may not be the most expensive state in the country to purchase a home insurance policy, it does rank higher than average at a national rank of 21. Homeowners of Guys, TN are currently paying between $704.00 and $1,254.00 for an annual home insurance premium. On a national scale, homeowners are paying $1,311 per year on average, and for Tennessee the average rate combining all premiums is around $1,296 a year. These average home insurance rates reflect the annual premium of a standard HO-3 home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.
Finding the best homeowners insurance rates online is very easy with GetHomeInsuranceQuotes.com, please allow our shopping services to provide huge savings benefits for you and your family. Save now by shopping rates and review prices as low as $80.00 per month. First, enter your zip code to start shopping local Guys, TN homeowners insurance rates. Once you process your online application, we can compare up to 12 competitive rates for you. We can also provide a free consultation to allow you to review the policies and ask questions to help alter the coverages and rates. Our process is free and online takes a few minutes of your time. Thousands of Guys homeowners every month trust our home insurance shopping service. Try it today!
Compare Homeowners Insurance Rates in Guys, TN!
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Average Rates Nearby Guys
Are you looking for homeowners insurance in a city near Guys? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Guys, TN
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Guys.
Guys, TN Home Insurance Average Premiums
$704 /yr.
For the city of Guys, 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) | $704 /yr. |
| Average Coverage: | $954 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1254 /yr. |
What is the average home insurance cost for a home in Guys, TN?
- • The average homeowners insurance premium paid annually for a home in Guys is around $954 per year.
What does it cost on average per month for home insurance in Guys, TN?
- • Homeowners in Guys pay an average cost per month around $80.00 for insurance coverage.
Guys, TN - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $140,243 | $0 |
| February | $143,308 | $135,495 |
| March | $146,670 | $134,230 |
| April | $148,608 | $133,898 |
Homeowners insurance will help cover the cost to repair or replace your Guys home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Guys
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Guys, TN homeowners insurance rates all in one place! |
Saving Money Tips on Guys Home Insurance
A great way to save money on Guys homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Guys area? Check out what homeowners are paying on average for Tennessee homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 449 ft. | This is the average home elevation in Guys, TN | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Tennessee flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Guys, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Mcnairy County.
Tennessee Homeowners Insurance News & Information
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Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
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Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]
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Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024
One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]
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Are homeowners insurance companies increasing deductibles? Posted on Thursday 22nd August, 2024
This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket. As the cost of claims increases, particularly […]
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Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024
Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]
Guys, TN Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Guys so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Guys, TN?
- The average square footage in Guys is around 1,060 Sq. Ft. which would cost you around $143,100 to replace the home if you base the home on the price to build per square foot of $135.
Minimum Replacement Cost Total: $143,100
Location: Guys, Tennessee (Mcnairy County)
Average Building Cost Per Square Foot in Guys: $135 (low end)
Average Square Footage in Guys: 1,060 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $135 | $143,100 |
| Some Additional Upgrades | $169 | $178,875 |
| Major Home Updates or Advancements | $203 | $214,650 |
The dwelling coverage is calculated by the average cost per square foot ($135) in Guys, Tennessee times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $421,875 (Media price to build of $169 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.