Best and cheapest companies for home and auto bundles in Tennessee

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When shopping for home and auto insurance, some insurers offer better deals on bundled coverage than others. We’ve compared multi-policy discounts from insurance companies in Tennessee to identify which ones provide significant savings when combining multiple coverage types.

State Farm provides the highest percentage discount on home and auto insurance premiums in Tennessee when you bundle your policies. By choosing this insurer, you can save an average of 28% on your home and auto bundle.

On the other hand, State Farm provides the lowest overall rate for bundling in Tennessee. When you bundle your policies, you can expect to pay an average of $2,843.

Key Takeaways

In Tennessee, State Farm is the top choice for bundling home and auto insurance. It offers an average savings of 28%.
Some insurance companies offer more significant bundling discounts, so comparing quotes is a good idea.
Your ZIP code plays a major role in determining how much you can save on your home and auto insurance bundle.
Bundling is usually a smart move, but sometimes it might not be the best option.

How we picked the best companies for home and auto bundling

In 2024, we conducted an analysis of home and auto insurance rates across all 50 states and Washington, D.C. using data from Quadrant Data Services. We examined the average bundling discounts offered by various insurance companies, calculating both pre and post bundling rates based on these discounts. Our analysis covered 48 insurance companies and data from 4,686 ZIP codes, providing a comprehensive view of bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Tennessee

Insure.com’s analysis ranked companies based on the average bundle discount they offer both in terms of dollar amount and percentage. Based on those criteria, these are the best companies for home and auto bundles in Tennessee.

State Farm

State Farm offers an average bundle discount of $1,126, which is a 28% savings on your premiums. Before the discount, the combined home and auto insurance cost is $3,969, and after applying the bundle discount, the total cost drops to $2,843.

Erie Insurance

The average bundle discount at Erie Insurance is $853, or 18%. Without a bundle discount, customers pay $4,761 for coverage. After the bundle discount, customers pay $3,908 on average. Erie Insurance ranked at No. 1 in our Best Auto Insurance Companies ranking and No. 1 in the Best Home Insurance Companies ranking.

Auto-Owners

Bundling auto and home insurance with Auto-Owners can save an average of $468, or 13%. Without the discount, the coverage costs $3,691, but after the discount, it’s only $3,223.

Allstate

The average bundle discount at Allstate is $727, or 16%. Before the discount is added, the average cost of home and auto insurance is $4,423. After adding the bundle discount, the average cost is $3,696. Allstate ranked at No. 11 in our Best Auto Insurance Companies ranking and at No. 5 in the Best Home Insurance Companies ranking.

Farmers Insurance

Farmers Insurance provides an average bundle discount of $743, or 15%. Before the discount, the average cost for coverage is $5,014. After applying the discount, the cost comes down to $4,271.

Compare home and auto bundles in Tennessee

Bundling your home and auto insurance in Tennessee can result in significant savings, though the exact amount depends on the insurer. The table below highlights rates and potential savings with leading companies.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$2,843	47	87.4	A++	28%	82.03
Erie Insurance	$3,908	73	93.2	A+	18%	74.61
Auto-Owners	$3,223	49	81.2	A++	13%	67.08
Allstate	$3,696	39	85	A+	16%	66.61
Farmers Insurance	$4,271	43	82	A	15%	63.15
Travelers	$7,355	44	83.6	A++	10%	54.57

What company offers the cheapest home and auto bundle in Tennessee?

State Farm provides the largest discount on premiums for bundled insurance, while State Farm offers the lowest overall rate when you bundle.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
State Farm	$2,772	$1,197	$3,969	$2,843
Auto-Owners	$2,134	$1,557	$3,691	$3,223
Tennessee Farmers	$2,315	$1,530	$3,845	$3,535
Allstate	$1,660	$2,763	$4,423	$3,696
Erie Insurance	$3,031	$1,730	$4,761	$3,908
Farmers Insurance	$3,391	$1,623	$5,014	$4,271
Travelers	$6,630	$1,520	$8,150	$7,355

Most and least expensive ZIP codes for home and auto insurance bundles in Tennessee

The ZIP code you live in can influence the discount you’ll get for bundling your coverage and the base rates before the discount is applied. Here’s a list of the most and least expensive ZIP codes in Tennessee for bundling insurance.

Most expensive ZIP codes

The most expensive ZIP code in Tennessee for bundling home and auto insurance is 38127, with an average cost of $5,524. Here are the 10 most expensive ZIP codes:

ZIP code	Average auto and home after discount	Average difference
38127	$5,524	16%
38128	$5,387	16%
38109	$5,358	16%
38116	$5,334	16%
38114	$5,332	16%
38106	$5,332	16%
38108	$5,272	16%
38107	$5,226	16%
38118	$5,201	16%
38163	$5,159	16%

Least expensive ZIP codes

The least expensive ZIP code in Tennessee for home and auto insurance bundling is 37664 at an average rate of $3,122. See the 10 least expensive ZIP codes below.

ZIP code	Average auto and home after discount	Average difference
37664	$3,122	16%
37660	$3,159	15%
37663	$3,191	16%
37665	$3,197	16%
37996	$3,416	15%
37916	$3,420	16%
37902	$3,440	16%
37920	$3,446	15%
37918	$3,447	15%
37932	$3,452	15%

Frequently asked questions about bundling home and auto insurance

Is bundling home and auto insurance right for everyone in Tennessee?

Bundling your insurance can help you save money and make managing your policies easier. With one company handling everything, you can check all your coverages in one place.

However, bundling isn’t always the cheapest move. If you find a great deal on car insurance but your homeowners insurance is much more expensive with the same company, you might save more by getting separate policies from different insurers.

It’s also possible that a company has the right coverage for one type of insurance but not for the other.

Instead of assuming a bundle is the best deal, it’s always a good idea to shop around and compare quotes.

“Remember when buying insurance that you’re doing so to protect your most valuable assets,” says Christine O’Brien, president of the Insurance Council of New Jersey. “Take the time to learn about policy limits and coverages and get several quotes.”

How can you switch to a home and auto bundle in Tennessee?

Switching to a bundled policy is simple, and many people take this step when their insurance comes up for renewal. For example, if your car insurance is with one company and your homeowners insurance with another, you can easily combine them under one insurer when it’s time to renew.

However, you don’t have to wait until renewal to bundle your policies. If you cancel one of your policies before it expires, you might get a refund for the months you won’t be covered by that insurer.

But before canceling coverage on any of your policies, make sure your new coverage is set up and active. Don’t cancel the old one until you’re fully covered.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

You might find interesting

How much is home and auto bundle insurance in other states

Alabama$2,543/Year

Arizona$2,478/Year

Arkansas$3,119/Year

California$2,866/Year

Colorado$3,605/Year

Delaware$1,952/Year

Florida$3,408/Year

Georgia$3,022/Year

Idaho$1,993/Year

Illinois$2,678/Year

Indiana$2,437/Year

Iowa$2,564/Year

Kansas$3,865/Year

Kentucky$3,465/Year

Louisiana$3,987/Year

Maine$1,385/Year

Maryland$2,935/Year

Michigan$3,651/Year

Minnesota$2,949/Year

Mississippi$3,255/Year

Missouri$3,393/Year

Montana$3,188/Year

Nebraska$4,496/Year

Nevada$2,442/Year

New Hampshire$1,615/Year

New York$3,450/Year

North Carolina$1,823/Year

North Dakota$3,244/Year

Ohio$2,229/Year

Oklahoma$4,641/Year

Oregon$1,701/Year

Pennsylvania$2,589/Year

Rhode Island$1,739/Year

South Carolina$2,766/Year

South Dakota$3,482/Year

Utah$1,972/Year

Vermont$1,553/Year

Virginia$1,995/Year

Washington$1,762/Year

Washington, D.C.$2,506/Year

West Virginia$2,361/Year

Wisconsin$2,083/Year

Wyoming$2,619/Year

Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.

On this page

How we picked the best companies for home and auto bundling
Our recommendation for the best home and auto bundles in Tennessee
Compare home and auto bundles in Tennessee
What company offers the cheapest home and auto bundle in Tennessee?
Most and least expensive ZIP codes for home and auto insurance bundles in Tennessee
Frequently asked questions about bundling home and auto insurance
Methodology