Gerry McGill's side went down 3-14 to 2-16 in the semi-final of the compeition, which was played at the Gaelic Grounds in Limerick.
Tipp's chances were given a blow before the game got underway when injury prevented Aisling Moloney from taking to the field – she was replaced by Elaine Fitzpatrick
Clare started strongly but the Premier County worked their way back into the match and trailed by just 2-7 to 1-9 at the break, their goal coming from Cathriona Walsh.
The Banner powered ahead after the break and soon built up a six point advantage but they couldn't shake off the side that beat them in July's Munster final.
Tipperary registered four points without reply and went in front when substitute Róisín Howard scored a great goal sixteen minutes from time.
Clare responded with a point shortly afterwards.
The lead changed hands on a few more occasions but the decisive point from player of the match, Clare's Niamh O'Dea, took the Banner into the final against Kildare on the 25th of this month.
