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The Best Homeowners Insurance in Tennessee [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

Tennessee is amongst the oldest in our nation, but that doesn’t mean it has lost any of its charm or appeal. With a population nearing 7 million, the Volunteer State has much to offer from the fingerlicking BBQ in Memphis to the music in Nashville. It is also home to the Great Smoky Mountains National Park — the most visited in the US. 

If you own a home or are thinking of buying in Tennessee, it’s important to compare homeowners insurance rates and find the coverage that works best for you. 

We at Expertise.com have analyzed a handful of insurance companies. We’ll uncover everything to know about homeowners insurance rates in Tennessee, and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Tennessee

The average cost of homeowners insurance in California is $3,144 per year according to Insurance.com. This is for $300,000 dwelling coverage and $300,000 in liability with a $1,000 deductible. This is higher than the national average due to severe weather such as hail, tornadoes, and sinkholes.

The cost of homeowners insurance in Tennessee can differ vastly based on a few key factors:

  • The age of your home: Is your Tennessee home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Tennessee home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to water?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

Tennessee Homeowners Insurance Rates by City

It’s no surprise that the cost of your homeowners insurance policy can vary greatly depending on where you live in the state.

Below is a breakdown of the average annual rate by city:

City

Average Annual Rate

Johnson City

Knoxville

Chattanooga

Franklin

Nashville

Clarksville

Memphis

Laconia

The Best Homeowners Insurance in Tennessee

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Tennessee:

Erie Insurance logo

Erie


Average Annual Rate: ~ $1,440

Notes: A great option for those building a new home; ability to receive a TN discount

Allstate logo

Allstate


Average Annual Rate: ~ $1,900

Notes: Extensive coverage options

State Farm logo

State Farm


Average Annual Rate: ~ $1,490

Notes: Great customer service; a high number of agents available to help

USAA logo

USAA


Average Annual Rate: ~ $1,400

Notes: Great for military members and families

Farm Bureau

Farm Bureau


Average Annual Rate: ~ $1,200

Notes: One of the most affordable options

Travelers logo

Travelers


Average Annual Rate: ~ $1,600

Notes: Ample discount opportunities

Auto-Owners Insurance

Auto-Owners


Average Annual Rate: ~ $1,250

Notes: Plenty of optional coverage options 

Cheapest Homeowners Insurance in Tennessee

The cheapest homeowners insurance coverage in Tennessee is Farm Bureau.

It’s important to remember that prices vary depending on each person’s unique scenario, but if cost is the most important variable for you, check Farm Bureau’s coverage options in Tennessee first.

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Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which homeowners insurance to choose in Tennessee specifically. 

How to Reduce Homeowners Insurance Costs in Tennessee

As we’ve pointed out, the price you pay for homeowners insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your premiums. Talk to your insurance provider about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or dead-bolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Tennessee Insurance Options in Your City

At Expertise.com, our goal is to connect Tennessee residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 15 best homeowners insurance agencies here

Learn more about the best homeowners insurance options in your respective Tennessee cities below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.