🏠 Home insurance cost in Memphis, TN (2027)
Estimated average: $2,608 per year — +13% vs. the U.S. average of $2,300.
With about 618,639 residents, Memphis is a major metro and the #2 largest city in Tennessee. Home insurance rates here are estimated at $2,608 per year, above the Tennessee average of $2,415 — a gap driven by local factors like local weather and catastrophe risk, and rebuild costs. Below you can estimate a price for your own profile and compare Memphis with other Tennessee cities.
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Memphis home insurance FAQ
How much is home insurance in Memphis, TN?
The estimated average is $2,608 per year — above the state average (+8% vs. the Tennessee average of $2,415, and +13% vs. the U.S. average).
Is home insurance more expensive in Memphis than elsewhere in Tennessee?
Memphis has about 618,639 residents. Larger metro areas usually see higher rates due to traffic density, claim frequency, and repair costs. Compare nearby cities in the chart above.
How do I get the cheapest home insurance in Memphis?
Compare at least three quotes from insurers active in Memphis, ask about local discounts, and re-shop yearly. Use the calculator to estimate your own price first.