Side-by-side homeowners quotes from 25+ companies in Waverly, TN, from Freedom Insurance Group.
Getting to know Waverly, TN
Waverly counts roughly 4,090 residents in Humphreys County.
Waverly sits in the Humphreys County area, and there everyday insurance shopping is shaped more by the features of each home and carrier appetite than by any single landmark.
Housing here is a mix of single-family homes typical of the Humphreys County area, and replacement cost, roof age, and construction type still drive most premium differences from one house to the next.
Tennessee home premiums often reflects tornado and severe-storm risk, with flood considerations near rivers and low-lying areas.
Homeowners pricing in Waverly, TN
The typical homeowners insurance premium in Waverly, TN is about $1,684 annually for a typical local home (typical local home value about $164,700). For a $300,000 dwelling, expect around $2,130 per year; for a $600,000 home about $2,997; and for a $1,000,000 dwelling about $3,900. Freedom Insurance Group rates are often about 39% lower — near $1,027 per year for a typical home, roughly $1,299 for a $300,000 home, about $1,828 for a $600,000 home, and around $2,379 for a $1,000,000 home.
| Dwelling Coverage Limits | Average Annual Premium (incl. Tornado, Hail & Severe-Storm Coverage) |
|---|---|
| $100,000 – $200,000 | $1,656 |
| $200,000 – $300,000 | $1,851 |
| $300,000 – $400,000 | $2,272 |
| $400,000 – $500,000 | $2,572 |
| $500,000 – $600,000 | $2,864 |
| $600,000 – $700,000 | $3,092 |
| $700,000 – $800,000 | $3,280 |
| $800,000 – $900,000 | $3,528 |
| $900,000 – $1,000,000 | $3,776 |
Band premiums are midpoints on the Waverly dwelling curve (typical local home value about $164,700). Illustrated estimates, not a quote.
Figures are 2026 market-style estimates for Waverly, TN, using a typical local home value of about $164,700. Freedom figures apply an approximate 39% savings vs the local typical premium for illustration. Your quote depends on dwelling limit, roof, deductible, claims, and carrier. Not a guarantee.
Homeowners policy coverages, A through F
- Dwelling (A): Rebuilding funds for the home itself after a covered loss. Set it to follow reconstruction costs in your area.
- Other structures (Coverage B): Coverage for structures not attached to the home, like a garage, shed, or fence.
- Personal property (Coverage C): This coverage protects furniture, clothing, and everyday belongings inside the home, with special limits that can apply to higher-value categories.
- Loss of use (Coverage D): While a covered loss keeps you out of the home, it can cover additional living expenses.
- Coverage E, personal liability: This coverage responds when you are legally responsible for harm to other people or their property resulting from a covered incident.
- Medical payments (F): This helps with guest medical bills for injuries that occur on your property, often without requiring a formal liability claim.
Home insurance discounts in Waverly, TN
| Discount | What it means | Typical amount |
|---|---|---|
| New Home | New construction recently purchased | up to 40% |
| Age of home (5 yrs) | Newer homes | up to 26% |
| Bundle | Home and auto together | up to 25% |
| Upgrades | Electrical, plumbing, heating, roof updates | up to 20% |
| Hail-resistant roof | Class 1–4 impact roof | up to 12% |
| Claims-free | Multi-year claims-free history | up to 5% |
| Security / alarms | Monitored fire or burglar alarm | up to 4% |
| Paid in full | Pay annual premium upfront | up to 7% |
Each carrier chooses its own discounts and amounts. Treat “up to” as the maximum, not a promise.
What drives home insurance costs in Waverly
A Waverly home insurance price rests on a handful of related inputs underwriters weigh as a group. Deductible choice and past claims can change the final price as much as the choice of carrier, but rebuild cost, roof age and material, and storm or wildfire exposure typically matter most.
Putting the house back in comparable materials at current labor and material costs sets what replacement cost captures. When a Waverly home has a higher rebuild estimate, the price tends to climb, because the insurer’s exposure grows.
Frame or masonry walls, what the roof is made of, and how well the house is built all shape how a house performs in Tennessee’s wind, hail, and fire events, so construction type and roof details carry weight.
Storm, hail, wildfire, and crime scores drive location risk, and they can shift by ZIP code and neighborhood in Waverly, meaning houses with comparable rebuild costs can still get different prices.
Fire protection plays in as well: a nearby hydrant, a close fire station, and a strong protection class may all help the price.
Claims history stays a major rating input: recent claims on the property or household often increase rates for Waverly renewals and new business quotes too.
Some carriers factor in a credit-based insurance score when state rules permit; a better score usually means a lower premium.
Waverly, TN home & auto bundle savings
Average bundle savings, illustrated, not a quote. Actual savings vary with the carriers and drivers involved.
| Place | 1-car bundle | 2-car bundle | 3-car bundle |
|---|---|---|---|
| Waverly, Tennessee | $258 | $508 | $652 |
Local housing and storm data: Waverly
NOAA lists no hail reports plotted within about 5 miles of Waverly for 2016–2025, though Humphreys County recorded 4 hail reports countywide, with the largest at 1.5 inches.
Occupied homes in Waverly are heated mostly with utility gas (54%) and electricity (45%).
On tornadoes, NOAA lists 4 tornadoes starting within 10 miles of Waverly in 2016–2025, with the strongest at EF1 during March 2020.
FEMA’s National Risk Index flags tornado (“Relatively Moderate”) and strong-wind (“Relatively Moderate”) in Humphreys County.
Census survey estimates (ACS 2020–2024) show about 2,365 housing units in Waverly, and owner-occupants live in about 69% of the occupied homes. By structure type, 69% are detached single-family houses, 26% are in buildings with two or more units, and 5.9% are mobile homes.
The median home in Waverly was built in 1972. About 74% of homes predate 1980, so wiring, plumbing, and roof updates often come up in underwriting.
From 2000 on, Humphreys County has been part of 15 major disaster declarations; the latest is Severe Winter Storm (February 2026).
The USGS GNIS lists these named communities and subdivisions in and around Waverly: Forest Hill, Hopkins Crossing, and Pigeon Roost. Rates can still differ from one section to the next because of construction era and roof condition.
By the historical record, Waverly was incorporated in 1838. The town is named for Waverley Novels of Sir Walter Scott. Waverly’s population went from 4,028 at the 2000 Census to 4,105 at the 2010 Census, and the Census Bureau’s July 2024 estimate is 4,381. The population has stayed fairly steady since 2000.
Earlier hail records help too: the Storm Prediction Center lists 22 hail reports within 5 miles of Waverly between 1955 and 2015, the largest 1.75 inches on April 28, 1983. The NOAA Storm Prediction Center database shows 11 tornadoes that began within 10 miles of Waverly from 1950 through 2015; the strongest was an F2 on January 22, 1999.
Comparing homes in nearby towns? See our home insurance pages for McEwen (8 mi), New Johnsonville (12 mi), and Tennessee Ridge (16 mi).
ZIP codes we insure in and around Waverly
37185
