Getting a West Memphis Home Insurance Quote Has Never Been Easier!
Gone are the days of filling out endless questionnaires about your home or talking on the phone with an insurance agent for over 15 minutes, only to wait days to get an insurance quote. At TGS Insurance, we’ve flipped the industry norm upside down to provide customers with a real, accurate home insurance quote in 15 seconds or less, using just your address! That policy is shopped through our bank of 35+ A-rated (or better) carriers, so you can rest-assure it’s the best policy the market has to offer! We even handle everything from policy inception to payment and anything else in between for the easiest shopping experience ever.
You’re one click away from never having to worry about insurance again!
West Memphis Home Insurance Coverage: The Basics
Several standard forms of homeowners insurance offer various levels of protection from varying perils depending on the needs of the home and homeowner. The majority of these forms include coverage (at some level) for:
- Your home’s structure
- Additional structures on your property (detached garage, shed, fence, etc.)
- Your personal belongings
- Liability for injuries on your property
How Much is Home Insurance in West Memphis, Arkansas?
The average cost of homeowners insurance in West Memphis is $1,612 among TGS Insurance Agency customers. This average includes windstorm and hail coverage and is based on policies with an average home value of $204,848. Every policy is unique based on the characteristics of the home and coverage needs so that rates will vary from home to home and even carrier to carrier. By comparing shopping policies, we can find the right policy at the best price without compromising coverage. On average, we’ve been able to save our customers more than $850/year when they switch to TGS Insurance Agency. Finding out how much you can be saving is as easy as providing your address above for an instant quote– really!
Average Home Insurance Quotes in West Memphis By Dwelling Coverage Levels
Home insurance carriers consider several different factors when calculating your home insurance premium. One of the most significant components is how much dwelling coverage you need. Dwelling coverage refers to the amount it would cost to completely rebuild your home from the ground up to its current value. Unfortunately, some homeowners don’t carry enough dwelling coverage. If a disaster were to strike, you wouldn’t have enough financial assistance to help rebuild your home and would be left with the remaining balance. In West Memphis, homeowners wanting $100,000-$200,000 in coverage should expect to pay about $1,307 per year for homeowners insurance. For $300,000-$400,000 in dwelling coverage, homeowners would see an average of $2,354 in West Memphis, Arkansas. The more dwelling coverage, the higher the home insurance premium.
Home Value Average Annual Premium (incl. Wind Coverage)
$100,000-$200,000 $1,307
$200,000-$300,000 $1,891
$300,000-$400,000 $2,354
$400,000-$500,000 $2,674
How Does Home Age Impact Home Insurance Rates in West Memphis, Arkansas
Many factors impact your home insurance premium, and one of those factors is the age of your home. As your home ages, the need for improvements and repairs increases, increasing the likelihood of filing a claim. For this reason, insurers view older homes as a more significant risk and will often come with a higher home insurance premium to reflect that more substantial risk. Our data shows that home insurance quotes in West Memphis for homes that are 15+ years old are, on average, 6% higher than homes that were built within the past 15 years.
Home Age Average Annual Premium (incl. Wind Coverage)
0-15 Years $1,258
15+ Years $1,636
Keep in mind that age is not the only factor influencing your premium! Other factors insurers often consider include:
- Location
- Replacement cost
- Credit history
- Claims history
- Marital Status
- Breeds of pets
- Attractive nuisances (swimming pools, trampolines, swing sets, etc.)
- And more!
Most Affordable Home Insurance Companies in West Memphis
Homeowners look at various things when deciding what home insurance policy to buy, coverage and cost being the two most influential factors. It’s crucial for homeowners in West Memphis to comparison shop their policy across several different insurance carriers because the same coverage could vary in price. Our two most affordable (and popular) insurance providers in West Memphis, Arkansas, are State Auto and Encompass. On average, TGS Insurance homeowners in West Memphis, Arkansas, pay $1,691 annually for State Auto and $1,871 for Encompass.
Zip Codes in West Memphis TGS Insurance Covers
- 72301
Don’t see your zip code? We’ve got you covered! Enter your address above for a free instant home insurance quote.
