Average homeowners insurance cost in Chattanooga, TN

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Chattanooga is $2,785 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $203 more than the national average of $2,582.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Chattanooga depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Progressive is the cheapest homeowners insurance company in Chattanooga with an average annual premium of $2,785 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Chattanooga. Keep reading to learn about the monthly cost of homeowners insurance in Chattanooga, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Chattanooga.

Key takeaways

Homeowners insurance costs $2,785 per year in Chattanooga.
At $1,849 per year, Progressive offers the cheapest homeowners insurance in Chattanooga.
Your home insurance rates increase by $646 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Chattanooga per month

Chattanooga homeowners pay an average of $232 a month, based on our rate analysis. It’s $22 less than the state average of $254 and $17 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Chattanooga may vary depending on where you live, the value of your home, and the coverage you choose.

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

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $2,139 per year in Chattanooga, TN. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

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

Based on a rate analysis conducted by Insure.com, Chattanooga residents pay an average of $2,785 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $646 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Chattanooga by Company

Among the carriers analyzed, Progressive is the cheapest homeowners insurance company in Chattanooga. It’s average annual rate for Chattanooga homeowners is $1,849. Allstate ranks second and Tennessee Farmers makes it to the third spot with an average annual home insurance rate of $2,159.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Chattanooga and prepared a list of the cheapest home insurance providers. You can find below the Chattanooga home insurance companies and their average annual premium.

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

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Chattanooga for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.