Average Renters Insurance Cost in Tennessee

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Renters insurance costs in Tennessee vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Tennessee is $290 per year or $24 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

The average cost of renters insurance in Tennessee is $290 per year or $24 per month.
American National Finance provides the least expensive renters insurance in Tennessee at an average rate of $151 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Tennessee.

Average renters insurance cost in Tennessee per month

The average cost of renters insurance in Tennessee is $24 per month. Your premium may vary depending on your location, the value of your belongings, and the coverage limits you select. It’s recommended that you compare multiple insurance quotes to find the best price.

Average renters ins cost per month	Difference compared to national average
$24	$2 more

Average renters insurance cost in Tennessee by company

American National Finance offers the most affordable renters insurance in Tennessee at an average annual rate of $151, followed by Tennessee Farmers and State Farm, based on our data.

However, you should get multiple quotes from various renters insurance companies in Tennessee because the prices vary greatly among carriers.

Below, we have compared the average annual and monthly renters insurance rates of insurance companies across Tennessee.

Company	Average annual rate	Average monthly rate
American National Finance	$151	$13
Tennessee Farmers	$159	$13
State Farm	$200	$17
Shelter Insurance	$229	$19
Auto-Owners	$259	$22
Farmers	$336	$28
Westfield Insurance	$343	$29
Erie Insurance	$421	$35
Travelers	$631	$53
USAA*	$174	$15

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

Renters insurance calculator in Tennessee

$272/year

Estimated renters insurance rates in Tennessee

$23

Monthly renters insurance cost in Tennessee

10%

Compared to national average

Average cost of renters insurance in Tennessee by coverage level

On average, Tennessee renters pay $290 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Tennessee to $212 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are the average annual renters insurance costs in Tennessee for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$216	$18
$20,000 with $500 Deductible and $300,000 Liability	$233	$19
$20,000 with $1,000 Deductible and $100,000 Liability	$196	$16
$20,000 with $1,000 Deductible and $300,000 Liability	$212	$18
$40,000 with $500 Deductible and $100,000 Liability	$301	$25
$40,000 with $500 Deductible and $300,000 Liability	$321	$27
$40,000 with $1,000 Deductible and $100,000 Liability	$272	$23
$40,000 with $1,000 Deductible and $300,000 Liability	$290	$24
$60,000 with $500 Deductible and $100,000 Liability	$390	$33
$60,000 with $500 Deductible and $300,000 Liability	$414	$34
$60,000 with $1,000 Deductible and $100,000 Liability	$348	$29
$60,000 with $1,000 Deductible and $300,000 Liability	$370	$31

Average cost of renters insurance in Tennessee by city

Renters insurance rates can vary widely between cities. To make finding the right policy easier, we’ve broken down the costs by city. Discover how much renters insurance typically costs in different areas of Tennessee.

Renters insurance rates in Tennessee by city

See rates in your city

Average cost of renters insurance in Tennessee by ZIP code

Renters insurance costs in Tennessee vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.

Most affordable ZIP codes for renters insurance in Tennessee

The amount Tennessee renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 37686 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $244.

Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy in Tennessee.

ZIP code	City	Average annual rate	Average monthly rate
37686	Piney Flats	$244	$20
37664	Kingsport	$246	$21
37617	Blountville	$247	$21
37604	Johnson City	$248	$21
37659	Jonesborough	$248	$21
37663	Colonial Heights	$249	$21
37615	Gray	$249	$21
38589	Wilder	$249	$21
37778	Lowland	$250	$21
37601	Central	$250	$21

Least affordable ZIP codes for renters insurance in Tennessee

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Tennessee is 38077, with an average cost of $400 a year or $33 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Tennessee. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
38077	Wynnburg	$400	$33
38080	Ridgely	$381	$32
38127	Memphis	$376	$31
38079	Tiptonville	$375	$31
38254	Samburg	$373	$31
38070	Tigrett	$371	$31
38047	Lenox	$370	$31
38007	Bogota	$369	$31
38163	Memphis	$363	$30

Final thoughts: Average renters insurance in Tennessee

Renters insurance is essential for residents of Tennessee. It safeguards possessions against damage from fire, theft, vandalism, and natural disasters, ensuring protection in unforeseen circumstances.

To get the best renters insurance at an affordable price, shop around and compare quotes from various insurance carriers. In addition to insurance premiums, consider factors such as coverage options, deductibles, and customer reviews to make an informed decision.

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.