Memphis Homeowners Insurance Rate Quotes

Looking to save money on Homeowners insurance in Memphis, TN? We can help. Simply enter your zipcode in the graphic below and hit the go button. We'll provide you with multiple quotes from the best insurance companies. All you need to do is compare the coverage and pick the best policy for you.

Despite the widespread challenges and problems faced nationwide, the housing market in Memphis is still considered strong. According to the latest ranking conducted by the Forbes.com, the city is on the 19th place. The same organization also predicted a slight decline in prices of house values, as manifested in the $110,546 median price tag in the first weeks of January 2009. This is quite a drop from the $157,129 home value in 2007. There is also a lesser number of homes being sold in the market, with most of them spending an average of 96 days before being sold. Most of the houses being sold are resale homes, though there are also plenty of foreclosed homes as well as newly constructed properties. Housing experts believe these figures will remain stable throughout the year, expecting prices not to drop significantly lower. The average rent in Memphis is $746, though there are more permanent homeowners than renters in the city.

Memphis, Tennessee - The River City

Memphis is a city in the southwestern part of the state of Tennessee, being the seat of Shelby County. It is located the Mississippi River, with an estimated population of 677,300. This makes the city the second largest in the state, after Nashville. One of the distinctive feature of the city is its dominant population of African Americans, followed by Whites and several other ethnic groups. The city is home to the largest municipal utilities in the country, the Memphis Light, Gas, and Water. The city and its surrounding areas is serviced by four national aquifers, one of which contains pure and soft water that serviced a larger part of the city. The city is also considered one of the major centers of cargo in the country, where the shipping hub of FedEx. The Memphis International Airport is also the hub of Northwest Airlines. Other large corporations headquartered in Memphis include the International Paper and Fred’s Stores. There are also several large companies supporting the city’s economy, such as Buckeye Technologies, Belz Enterprises, Harrah’s, Hilton, First Horizon National Corporation, and Morgan Keenan & Co. Inc. There are several institutions of higher education in the city, including the University of Memphis, Rhodes College, Baptist College of Health Sciences, and the University of Tennessee Health Science Center.

Most people stay with the same homeowners insurance company their entire life. You could be paying too much unless your insurance company has customer loyalty discounts. To save money, you should shop your rates around periodically. We can help. If you live in Memphis, Tennessee and would like to compare your homeowners insurance rates, enter your zip code above and click the go button. We will help you find cheap homeowners insurance rates. Best of all - it's free!