Average homeowners insurance cost in Tennessee

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The average cost of home insurance in Tennessee is $3,045 per year for a standard policy.

Your premium is shaped by the dwelling coverage limit you select and the level of protection you need. Broader coverage generally means a higher cost. Higher coverage means higher premiums. Progressive stands out for its more affordable rates in the state, offering solid value as you weigh different levels of coverage.

Compare quotes from multiple insurers and ask each one what discounts they offer. Premiums can differ significantly from company to company because they weigh things like where your home is located, how old it is, what it’s built from, the shape your roof is in, and your past claims. Pulling several quotes tied to your specific address is the surest way to spot the best value.

Key Takeaways

Based on our data, homeowners insurance in Tennessee costs an average of $3,045 per year.
Among all ZIP codes in Tennessee, 37664 has the most affordable rates, averaging around $2,216 annually.
For the lowest insurer rates in Tennessee, Progressive comes in at an average annual premium of $2,187.

What is the average cost of homeowners insurance in Tennessee?

The average homeowners insurance premium in Tennessee is $3,045 per year. That figure is based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Tennessee? Cost by coverage level

The typical homeowners insurance policy in Tennessee runs $3,045 per year, assuming $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Stepping up to $400,000 in dwelling coverage, with the same liability and deductible settings, brings the average annual cost to $3,751 in Tennessee.

The table below shows average homeowners insurance costs in Tennessee for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,356	$196
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,369	$197
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,045	$254
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,060	$255
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,751	$313
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,768	$314
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,334	$445
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,353	$446
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$8,525	$710
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$8,546	$712

Average home insurance cost in Tennessee by insurer

Progressive has the lowest average homeowners insurance premiums in Tennessee at $2,187 per year. Farm Bureau Insurance of Tennessee and Auto-Owners also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in Tennessee, based on $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Progressive	$2,187	$182
Farm Bureau Insurance of Tennessee	$2,319	$193
Auto-Owners	$2,426	$202
Allstate	$2,458	$205
State Farm	$2,518	$210
Erie Insurance	$3,598	$300
Farmers	$3,748	$312
Travelers	$6,989	$582
USAA*	$2,122	$177

*USAA is only available to military community members and their families.

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in Tennessee is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

How does your ZIP code affect home insurance rates in Tennessee?

Your ZIP code is one of the biggest factors in your home insurance rate, because it tells the insurer how much risk comes with your location. Areas with higher crime rates, frequent natural disasters, or high rebuilding costs are treated as higher-risk-and that pushes premiums up.

Below are the most affordable and most expensive ZIP codes for home insurance in Tennessee

Most affordable ZIP codes for home insurance in Tennessee

37664 has the lowest average home insurance rates in Tennessee, with homeowners paying around $2,216 per year.

Home insurance rates aren’t uniform across Tennessee. Your ZIP code, in particular, is one of the biggest reasons prices differ from one area to the next.

Below are average rates for some of the most affordable ZIP codes in Tennessee.

ZIP code	Average annual rate	Average monthly rate
37664	$2,216	$185
37620	$2,243	$187
37660	$2,248	$187
37604	$2,276	$190
37663	$2,279	$190
37686	$2,281	$190
37617	$2,292	$191
37614	$2,306	$192
37659	$2,308	$192
37618	$2,310	$193

Most expensive ZIP codes for home insurance in Tennessee

At the other end of the spectrum, 38127 has the highest average rates in Tennessee at $4,510 per year.

Higher premiums in certain ZIP codes typically reflect greater exposure to crime, natural disasters, and elevated living and rebuilding costs.

Below are some of the most expensive ZIP codes for home insurance in Tennessee.

ZIP code	Average annual rate	Average monthly rate
38127	$4,510	$376
38114	$4,328	$361
38106	$4,322	$360
38116	$4,285	$357
38108	$4,282	$357
38109	$4,276	$356
38107	$4,248	$354
38128	$4,208	$351
38105	$4,207	$351
38126	$4,144	$345

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Tennessee by city

See rates in your city

What are the best homeowners insurance companies in Tennessee?

Based on our data, Auto-Owners stands out as the top choice in Tennessee. It earns an AM Best rating of A++ and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Tennessee by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Auto-Owners	$2,426	A++	0.33	5
State Farm	$2,518	A++	0.95	4.88
Farm Bureau Insurance of Tennessee	$2,319	A-	0.04	4.84
Allstate	$2,458	A+	0.9	4.83
Farmers	$3,748	A	0.54	4.44
Travelers	$6,580	A++	0.54	3.8
Progressive	$2,187	A+	8.45	3.78

How to understand insurer ratings and complaint data

When choosing an insurer, you want to know if the company can pay your claim, and if customers are satisfied with it. Rating agencies track this data so you can make an informed decision at renewal.

Here are the two ratings that we have referred to:

AM Best: A global agency that rates insurers based on their financial strength and ability to pay claims. A higher score means the company is more financially stable.
NAIC Complaint Index: The National Association of Insurance Commissioners tracks consumer complaints. A score below 1.00 means fewer complaints than expected for a company of that size, while a score above 1.00 means more complaints than expected.

What factors affect your home insurance rate?

Home insurance rates come down to how much risk you represent to the insurer. The main factors they weigh:

Where you live. Local crime, weather risk, and how often neighbors file claims.
Your claims history. Past claims usually raise your rate.
Your credit-based insurance score. Weaker credit can mean a higher premium (restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. More coverage or a lower deductible costs more.

Rates have also been climbing across the board. Home insurance premiums for owner-occupied homes rose more than 11% nationwide in 2023, according to S&P Global Market Intelligence’s RateWatch application.

Resources & methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com worked with Quadrant Information Services to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors, such as average annual cost, NAIC score, and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.