Average homeowners insurance cost in Chattanooga, Tennessee

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In Chattanooga, homeowners pay an average annual rate of $2,785 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible). It’s $203 more than the national average of $2,582 .

Homeowners insurance rates change from one home to another. The home insurance premium in Chattanooga depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Chattanooga, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Chattanooga.

Key Takeaways

In Chattanooga, homeowners insurance costs $2,785 annually.
Progressive offers the most affordable homeowners insurance in Chattanooga with an average annual premium of $1,849 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $646 higher.

Average homeowners insurance cost per month

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Chattanooga pay an average of $232 per month. It’s $22 less than the state average of $254 and $17 more than the national average for home insurance across the nation.

Average homeowners insurance cost for a $200,000 house in Chattanooga

The average cost of homeowners insurance in Chattanooga, TN is $2,139 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

Average homeowners insurance cost for a $300,000 house in Chattanooga

According to a rate analysis by Insure.com, homeowners in Chattanooga pay an average of $2,785 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $646 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Chattanooga by company

Among the carriers we analyzed, Progressive is the cheapest homeowners insurance company in Chattanooga. Its average annual rate for Chattanooga homeowners is $1,849 , while Allstate ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Chattanooga and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
Progressive	$1,849
Allstate	$1,895
Tennessee Farmers	$2,159
State Farm	$2,230
Erie Insurance	$2,588
Farmers	$3,566
Travelers	$6,364
Auto-Owners	$2,504
USAA*	$2,056

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Tennessee that can impact your home insurance

Living in Tennessee comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Tennessee is commonly affected by Heat wave, Landslide, Lightning, Riverine flooding, Strong wind and Tornado.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Chattanooga for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.