Average homeowners insurance cost in Tennessee

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Home insurance in Tennessee costs an average of $2,945 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. Farm Bureau Insurance of Tennessee offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Based on our data, homeowners insurance in Tennessee costs an average of $2,945 per year.
Among all ZIP codes in Tennessee, 37650 has the most affordable rates, averaging around $2,105 annually.
For the lowest insurer rates in Tennessee, Farm Bureau Insurance of Tennessee comes in at an average annual premium of $2,590.

What is the average cost of homeowners insurance in Tennessee?

The average homeowners insurance premium in Tennessee is $2,945 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

Homeowners insurance in Tennessee costs $2,945 per year on average, based on a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $3,684 per year for homeowners insurance in Tennessee for $100,000 in liability protection and a $1,000 deductible.

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 $200,000 Liability and None Hurricane	$2,199	$183
$200,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$2,209	$184
$300,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$2,945	$245
$300,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$2,958	$247
$400,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$3,684	$307
$400,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$3,700	$308
$600,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$5,154	$430
$600,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$5,174	$431
$1,000,000 with $2,500 Deductible and $200,000 Liability and None Hurricane	$7,613	$634
$1,000,000 with $2,500 Deductible and $300,000 Liability and None Hurricane	$7,634	$636

Average home insurance cost in Tennessee by insurer

Farm Bureau Insurance of Tennessee offers the most affordable homeowners insurance in Tennessee, at an average annual premium of $2,590, followed by State Farm and Auto-Owners.

You can save hundreds – if not thousands – of dollars each year by shopping around.

Below are the average annual and monthly insurance rates for Tennessee homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Farm Bureau Insurance of Tennessee	$2,590	$216
State Farm	$2,614	$218
Auto-Owners	$3,022	$252
Travelers	$3,494	$291
Erie Insurance	$3,632	$303
Farmers	$3,634	$303
USAA*	$2,123	$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

37650 has the lowest average home insurance rates in Tennessee, with homeowners paying around $2,105 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
37650	$2,105	$175
37664	$2,112	$176
37665	$2,124	$177
37615	$2,126	$177
37659	$2,127	$177
37643	$2,145	$179
37614	$2,148	$179
37656	$2,149	$179
37620	$2,156	$180
37657	$2,161	$180

Most expensive ZIP codes for home insurance in Tennessee

At the other end of the spectrum, 38118 has the highest average rates in Tennessee at $4,385 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
38118	$4,385	$365
38115	$4,241	$353
38122	$4,237	$353
38141	$4,176	$348
38125	$4,027	$336
38117	$3,995	$333
38120	$3,974	$331
38132	$3,910	$326
38119	$3,867	$322
38127	$3,845	$320

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

How has home insurance pricing shifted in Tennessee?

From 2023 to 2025, home insurance rates in Tennessee increase by 7%, mirroring the broader direction of the state’s insurance market over that period.

Here’s how rates have moved year over year since 2022:

2022 rates	2023 rates	2025 rates
$2,542	$2,764	$2,945

What are the best homeowners insurance companies in Tennessee?

Our data points to Farm Bureau Insurance of Tennessee as the best overall pick in Tennessee, thanks to its AM Best rating of A+ and one of the lowest NAIC complaint scores in the state.

We ranked insurers using two measures that matter most when you’re counting on coverage:

AM Best Ratings reflect financial strength-essentially, how confidently a company can cover claims.
NAIC Complaint Scores track complaints in proportion to a company’s size, so a lower number means fewer headaches for policyholders.

Combined, they offer a clear read on whether an insurer is both financially sound and easy to deal with. In the table below, you’ll find the top companies in Tennessee compared by annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Farm Bureau Insurance of Tennessee	$2,590	A+	0.08	4.6
State Farm	$2,614	A+	1.15	4.54
Travelers	$3,494	A++	0.91	4.53
Auto-Owners	$3,022	A+	0.39	4.52
Erie Insurance	$3,632	A	0.46	4.34
Farmers	$3,634	A	0.89	4.32
USAA*	$2,123	A++	0.46	4.74

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

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?

Insurers price home insurance based on the level of risk your property and profile represent. They decide that based on:

Where you live. Local crime rates, weather exposure, and claims frequency in your neighborhood all influence your rate.
Your claims history. A history of past claims typically results in a higher premium.
Your credit-based insurance score. In most states, a lower credit score can mean a higher premium (Restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. Higher coverage or a lower deductible will increase what you pay.

It’s also worth noting that home insurance costs have been rising broadly. According to S&P Global Market Intelligence’s RateWatch application, premiums for owner-occupied homes climbed more than 11% nationwide in 2023.

Resources and Methodology

Sources:

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

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums 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.