Homeowners Insurance Prices in Memphis: Typical Ranges and What Drives Them

Last updated October 5, 2026

Memphis buyers typically see homeowners insurance prices of $7,438 to $26,034 per year, settling near $13,916 for an average job.

Contractors serving Memphis fold travel time and the Tennessee market rate into every bid. Ask for a written scope so two quotes compare like for like.

Typical cost at a glance

United States planning figures, per year
Level	Price
Low	~$7,438
Typical	~$13,916
High	~$26,034

Cost by type

Type	Low	Typical	High
Baseline cost at the advertised rate	~$7,438	~$16,736	~$26,034
Best-qualified applicant scenario	~$6,099	~$15,156	~$24,212
Weaker-credit scenario	~$8,033	~$20,939	~$33,844
Origination and third-party fees	~$893	~$3,961	~$7,029
Shorter term with higher payment	~$7,587	~$19,154	~$30,720

All figures per year.

What Homeowners Insurance typically costs

In Memphis, the going range for homeowners insurance runs from about $7,438 to $26,034 per year, centred near $13,916. Use the low end as your best case and the high end as your safety margin.

What moves the price of homeowners insurance

For homeowners insurance, the price is built from labour, materials, access, permits and timing. The first two are fixed by the work; the last three are where providers in Memphis differ most, so ask about them directly.

How to compare quotes for homeowners insurance

Line the homeowners insurance quotes up side by side and ask what changes the price after acceptance. That one question exposes most of the gap between the $7,438 low end and the $26,034 high end.

Budgeting for homeowners insurance

In Memphis, plan homeowners insurance spending around $13,916 per year and treat $26,034 as the ceiling. Anything beyond that usually means the scope has changed.

Getting quotes for homeowners insurance

Put your homeowners insurance brief in writing and send it to every provider you contact. It keeps the quotes comparable and gives you a record if the scope changes.

Timing your homeowners insurance

Seasonality is real for homeowners insurance. Peak demand pushes quotes toward $26,034, while the quiet months give you more room to negotiate near $13,916 or lower.

Frequently asked questions

How much does homeowners insurance cost?

Most homeowners insurance falls between $7,438 and $26,034, with a typical figure near $13,916 per year. The low end is a straightforward job with no surprises; the high end covers complex scope, premium materials or urgent timing. In Memphis, that is worth confirming with a local provider before you commit.

What affects the price of homeowners insurance?

The honest answer is that it depends on the specifics. Compare the written scope first, then the price. The answer can shift with the Memphis market, so check locally.

Is Homeowners Insurance cheaper in smaller cities?

Often, but not always. Smaller markets can carry a travel or availability premium that offsets a lower local rate, so it is worth checking a nearby city before assuming the lowest published figure applies to you. It is worth testing that against a couple of quotes in Memphis.

How many quotes should I get for homeowners insurance?

Two or three written quotes are enough to see the real market range. Compare the same scope side by side, and ask each provider what is excluded and what would change the price after the quote is accepted. Local providers in Memphis can confirm how that applies to your area.

Keep comparing

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These are planning ranges drawn from public price data and market research. They are not a quote, an offer or financial advice, and your actual price depends on the provider, the location and the scope of the work.