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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. But home insurance policies can get expensive, depending on the coverage level you choose and your insurer.

On average, Tennessee homeowners insurance costs $2,857 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Tennessee.

Key Takeaways

  • Homeowners insurance costs an average of $2,857 a year, based on Insure.com analysis.
  • Amongst all the ZIP codes in Tennessee, 37682 has the most affordable home insurance rates, around $2,030 annually.
  • In Tennessee, USAA provides the most affordable home insurance at an average annual premium of $1,967.

Average home insurance cost in Tennessee by coverage level

The average cost of homeowners insurance in Tennessee is $2,857 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1000 deductible.

However, if you increase the dwelling coverage from $300,000 to $400,000, you will pay $3,509 per year for homeowners insurance in Tennessee for $100,000 in liability protection and $1000 deductible.

Find below the average cost of homeowners insurance in Tennessee for dwelling coverage of $300,000, $400,000 and $500,000

CoverageAverage annual rateAverage monthly rate
$3,00,000 with $1,000 Deductible and $1,00,000 Liability$2,857$238
$4,00,000 with $1,000 Deductible and $1,00,000 Liability$3,509$292
$5,00,000 with $1,000 Deductible and $1,00,000 Liability$4,172$348

Homeowners insurance companies in Tennessee decide rates based on risks. They consider your location, claims history, credit history and coverage limits, etc., to calculate premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

Best homeowners insurance companies in Tennessee

It’s always wise to shop around and compare prices before you buy your home insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Tennessee using their J.D. Power score and AM Best rating and put together a list of the best homeowners insurance in Tennessee. Based on the analysis, USAA received the highest J.D. power score of 884 and A++ rating from AM Best.

CompanyA.M. Best ratingJ.D. Power ratingOverall score
USAAA++8844.98
AllstateA+8153.65
State FarmA++8293.4
Erie InsuranceA+8272.69
Farmers InsuranceA7922.39

Average homeowners insurance cost by company in Tennessee

USAA offers the most affordable homeowners insurance in Tennessee, at an average annual premium of $1,967 a year, followed by Allstate and Auto-Owners.

You can save hundreds— if not thousands of dollars each year if you shop around for homeowners insurance.

Here 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 $1000 deductible.

CompanyAverage annual rateAverage monthly rate
USAA$1,967$164
Allstate$2,093$174
Auto-Owners$2,231$186
Tennessee Farmers$2,268$189
Farmers$2,855$238
State Farm$2,956$246
Erie Insurance$3,404$284
Travelers$6,297$525

Tennessee homeowners insurance rates by ZIP code

Insurance companies in Tennessee assess the risk associated with a specific location. ZIP codes with higher crime rates, instances of natural disasters, or poor road conditions may be deemed higher risk, resulting in higher insurance rates. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a home insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Tennessee. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Tennessee

Not every area in Tennessee has the same home insurance cost. How much is home insurance in Tennessee depends on a lot of different factors and one of them is your ZIP code. 37682 ZIP has low cost home insurance rates in Tennessee, at about $2,030 a year or $169, based on Insure.com data.

Find below the homeowners insurance rates for some of the most affordable ZIP codes in Tennessee.


ZIP codeAverage annual rateAverage monthly rate
37682$2,030$169
37684$2,097$175
37929$2,106$175
37664$2,120$177
37773$2,142$179
37707$2,149$179
37660$2,150$179
37604$2,174$181
37686$2,181$182
37663$2,189$182

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

Final thoughts

Finding the right homeowners insurance company takes some digging and comparing quotes from various insurers.

Home insurance companies gauge risk differently from one another. That’s why getting quotes from at least three homeowners insurance companies is important for getting affordable homeowners insurance in Tennessee.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. To determine the average premiums, we analyzed 14,723,760 insurance quotes from 147 insurance companies across 34,587 ZIP codes.

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

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

How much is home insurance in other states

Alaska$1,867/Year
Alabama$2,882/Year
Arkansas$4,062/Year
Arizona$1,947/Year
California$1,357/Year
Colorado$3,376/Year
Connecticut$2,165/Year
Washington D.C.$1,203/Year
Delaware$1,230/Year
Florida$2,260/Year
Georgia$2,375/Year
Hawaii$562/Year
Iowa$2,389/Year
Idaho$1,879/Year
Illinois$2,589/Year
Indiana$2,707/Year
Kansas$4,648/Year
Kentucky$3,153/Year
Louisiana$2,843/Year
Massachusetts$1,583/Year
Maryland$1,685/Year
Maine$1,420/Year
Michigan$2,306/Year
Minnesota$2,307/Year
Missouri$3,335/Year
Mississippi$3,541/Year
Montana$2,857/Year
North Carolina$2,689/Year
North Dakota$2,931/Year
Nebraska$4,614/Year
New Hampshire$1,190/Year
New Jersey$1,245/Year
New Mexico$2,530/Year
Nevada$1,433/Year
New York$1,727/Year
Ohio$2,005/Year
Oklahoma$4,934/Year
Oregon$1,491/Year
Pennsylvania$1,820/Year
Rhode Island$1,534/Year
South Carolina$2,751/Year
South Dakota$3,514/Year
Texas$3,977/Year
Utah$1,411/Year
Virginia$2,043/Year
Vermont$1,158/Year
Washington$1,643/Year
Wisconsin$1,495/Year
West Virginia$1,781/Year
Wyoming$1,846/Year
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