Insurance Costs in Collierville, TN
Auto insurance in Collierville averages $1,247 per year for full coverage, which is lower than the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Collierville, TN: What You Need to Know
Collierville residents pay an average of $1,247 per year for full coverage auto insurance, which is 15.0% below the Tennessee state average and 25.5% below the national average.
With a population of 51,173, Collierville is a growing city in Tennessee. Moderate traffic and relatively lower accident rates help keep insurance costs manageable.
Coverage Level Comparison
| Coverage Type | Annual Cost | Monthly Cost |
|---|---|---|
| Full Coverage (100/300/100) | $1,247 | $104 |
| Standard Coverage (50/100/50) | $1,023 | $85 |
| State Minimum (25/50/15) | $524 | $44 |
Homeowners Insurance in Collierville, TN
The average cost of homeowners insurance in Collierville is $2,190 per year ($182/month), which is 20.3% above the national average.
Home insurance costs are influenced by local factors including weather risks (hail, wind, flooding), property values, local building costs, and proximity to fire stations.
Renters Insurance in Collierville, TN
Renters insurance in Collierville averages $204 per year ($17/month). Renters insurance is affordable and protects your personal belongings, provides liability coverage, and may cover temporary living expenses if your rental becomes uninhabitable.
Compare with Other Tennessee Cities
| City | Auto Insurance | Home Insurance |
|---|---|---|
| Nashville | $1,687/yr | $2,253/yr |
| Memphis | $1,878/yr | $2,399/yr |
| Knoxville | $1,496/yr | $1,919/yr |
| Chattanooga | $1,526/yr | $1,982/yr |
| Clarksville | $1,394/yr | $1,836/yr |
| Murfreesboro | $1,438/yr | $1,919/yr |
| Franklin | $1,291/yr | $2,253/yr |
| Johnson City | $1,350/yr | $1,711/yr |
How to Save on Insurance in Collierville
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Collierville can vary by $500 or more between companies for the same coverage.
- Bundle auto and home/renters. Many companies offer 10-25% off when you carry multiple policies.
- Increase your deductible. Raising your deductible from $500 to $1,000 can cut your premium by 15-30%.
- Ask about local discounts. Some insurers offer discounts for anti-theft devices, safe driving courses, or parking in a garage.
- Review coverage annually. Your needs change over time. Make sure you are not paying for coverage you do not need.
Frequently Asked Questions
How much is car insurance in Collierville, TN?
The average cost of car insurance in Collierville, TN is $1,247 per year for full coverage, or about $104 per month. Minimum coverage costs around $524 per year.
Is car insurance expensive in Collierville?
Car insurance in Collierville is relatively affordable compared to many U.S. cities.
How much is home insurance in Collierville?
Homeowners insurance in Collierville costs an average of $2,190 per year. Your actual cost depends on your home's value, age, construction type, and specific location.