Midway, TN Home Insurance Quotes!

Enter your Zip Code:    
Easily compare up to 12 competitive Midway, TN rates all in one place!

It's not uncommon for Midway homeowners to desire a fast "get it done" approach when it comes to shopping for a basic Tennessee homeowners insurance policy. We realize time is always an important factor, sometimes as much as cost. If you are shopping today for an affordable home insurance coverage for your home in Midway, TN, then you have arrived at the right place, at the right time. An TN home insurance policy is designed to protect you from a major financial set back. When talking about a homeowners insurance policy, financial risk or loss can occur if your home was ever damaged by a fire, lightning, hurricane, theft or falling objects like a tree. So as you can see a standard homeowners insurance policy is not complicated, but sometimes comparing multiple coverage options and rates at the same time can be. Here at GetHomeInsuranceQuotes.com, we provide a quick way for you to compare the most affordable Midway home insurance quotes by using our online quoting system. You can easily start this process by entering your zip code at the top of the page.

Compare Multiple Midway Home Insurance Quotes

Here is how the process works in three easy steps:

  1. Enter your zip code to start the online Tennessee home insurance quoting application. If this is a new home purchase in Midway, TN, please make sure you include the correct zip code and street address for the home you would like to receive comparative rates for.
  2. The online quoting application is designed to limit your time completing a long form, just to review rates. This is why we have scaled down our information request so that we can process only the required home details in order to process multiple quotes faster. We will need important property information like the square footage of your home and what year your home was built.
  3. Finally, you can sit back and relax. Just click "Get Home Insurance Quotes" and we will shop up to 12 home insurance carriers that are all very competitive in the city of Midway. We will also assign one Tennessee home insurance professional to help answer any questions you may have. Our quoting process is secure and hassle free. We look forward to helping you compare the most affordable Midway, TN rates.

Understanding more about your Midway homeowners insurance is a huge advantage to getting the right coverage. It's not always about the cheapest price, sometimes paying a little more for better coverage with a brand name like Nationwide, Travelers or Liberty Mutual can help you gain the coverage you need when you depend on your home insurance company the most. Our Tennessee agents are easily accessible by phone or online. You can start by entering your zip code for the home you would like to insure in Midway, TN and let us generate the multiple quotes for you for free or call us at 1-855-976-2656. We will work with you to provide the best coverage and cost savings option. Start your Midway home insurance quote today!

Midway, TN Demographics & Home Value Data

The housing data listed below is for the Midway, TN (GREENE County) location.

  • Midway Total Population: 2,278
  • # of Residents Living With Single Family Homes: 888
  • Average Real Estate Price of a Home Per Zip Code in Midway: $96,500

Average Midway, TN Home Insurance Rates

Homeowners living nearby or within the city of Midway are paying around $1,296 per year on average. We have helped customers save more by shopping the best rates and coverages, smaller size homes in terms of square footage are seeing rates as low as $715 per year in Midway. Higher-end homes that cost more to rebuild or replace include more coverage in the policy and premiums are around $1,265. On average, homeowners in Midway pay around $965 per year or $80 per month for great quality coverage and price you can afford to protect the home you love. These average home insurance rates reflect the cost of a basic single family home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.

To receive free home insurance quotes, please start the quoting process online by simply enter your zip code or give us a call now at 1-855-976-2656.

Compare Homeowners Insurance Rates in Midway, TN!

Enter your Zip Code:    

Get up to 12 competitive Midway, TN homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Midway, TN rates all in one place!

Average Rates Nearby Midway

Are you looking for homeowners insurance in a city near Midway? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Midway, TN

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Midway.

37809,     

Midway, TN Home Insurance Average Premiums

Local Midway, TN home insurance quotes comparison

$715 /yr.

Shows Midway's lowest average rates with discounts applied.

For the city of Midway, 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)
$715 /yr.
Average Coverage:$965 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1265 /yr.

What is the average home insurance cost for a home in Midway, TN?

  • • The average homeowners insurance premium paid annually for a home in Midway is around $965 per year.

What does it cost on average per month for home insurance in Midway, TN?

  • • Homeowners in Midway pay an average cost per month around $80.00 for insurance coverage.

Midway, TN - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $132,198 $123,523
February $137,097 $126,895
March $142,842 $129,263
April $145,032 $130,084

Homeowners insurance will help cover the cost to repair or replace your Midway 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 Midway
  • 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.
Enter your Zip Code:    

Get up to 12 competitive Midway, TN homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Midway, TN rates all in one place!

Saving Money Tips on Midway Home Insurance

A great way to save money on Midway 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 Midway 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
1188 ft. This is the average home elevation in Midway, 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 Midway, 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 Greene County.

Tennessee Homeowners Insurance News & Information

  • 2024 Average Homeowners Insurance Rate at $2,777 per year  Posted on Tuesday 20th February, 2024

    A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]

  • NC Residents Speak Against 42% Rate Increase Requested by Rate Bureau Posted on Tuesday 13th February, 2024

    During a recent public comment session held by the North Carolina Department of Insurance, dozens of North Carolina residents spoke out against an average rate increase of 42% that the North Carolina Rate Bureau is requesting.  The Rate Bureau represents insurance companies in the state and earlier this year requested average rate increases of 42%. […]

  • Is Homeowners Insurance Part of Your New Years Resolution? Posted on Wednesday 31st January, 2024

    The New Year is here for 2024, and you have probably made a list of resolutions involving everything from eating better to losing a bit of weight. One thing that should be on everyone’s list is a review and update of their homeowners policy. The beginning of the year is a great time to pull […]

  • North Carolina: 2024 Homeowners Insurance Rate Increase Proposed Posted on Friday 19th January, 2024

    Recently, the North Carolina Rate Bureau requested that the N.C. Department of Insurance allow increases to homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI agrees, the proposed rates will go into effect Aug. 1. However, it is also possible that the NCDOI will not agree to the increase and deny the […]

  • Shopping For Coastal NC Home Insurance Posted on Friday 19th January, 2024

    Getting an affordable home insurance policy is crucial when shopping for home insurance online, especially if your home is considered to be in a flood zone. Most homes that are in a flood zone are near the coast, like the Outer Banks of North Carolina. Major cities along the North Carolina coast like Calabash, Oak […]

Midway, TN Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Midway 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 Midway, TN?

- The average square footage in Midway is around 715 Sq. Ft. which would cost you around $96,500 to replace the home if you base the home on the price to build per square foot of $135.

Minimum Replacement Cost Total: $96,500

Location: Midway, Tennessee (Greene County)

Average Building Cost Per Square Foot in Midway: $135 (low end)

Average Square Footage in Midway: 715 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$135$96,500
Some Additional Upgrades$169$120,625
Major Home Updates or Advancements$203$144,750

The dwelling coverage is calculated by the average cost per square foot ($135) in Midway, 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.