Average Renters Insurance Cost in Tennessee

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Renters insurance costs in Tennessee vary depending on your coverage level, insurance provider, and personal circumstances. On average, renters in Tennessee pay $309 per year or $26 per month for a policy that includes $40,000 in personal property coverage, $300,000 in liability protection and a $1,000 deductible.

Key Takeaways

The average cost of renters insurance in Tennessee is $309 per year or $26 per month.
Farm Bureau Insurance of Tennessee provides the least expensive renters insurance in Tennessee at an average rate of $159 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 $26 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
$26	$2 more

Average renters insurance cost in Tennessee by company

According to our data, Farm Bureau Insurance of Tennessee provides the most affordable renters insurance in Tennessee, with an average annual rate of $159, followed by American National Finance and State Farm.

Getting quotes from multiple renters insurance companies in Tennessee is a good idea, as prices can differ significantly among insurers.

Below, you can find average annual and monthly renters insurance rates from various companies in Tennessee.

Company	Average annual rate	Average monthly rate
Farm Bureau Insurance of Tennessee	$159	$13
American National Finance	$163	$14
State Farm	$209	$17
Auto-Owners	$256	$21
Shelter Insurance	$275	$23
Farmers	$356	$30
Erie Insurance	$428	$36
Westfield Insurance	$445	$37
Travelers	$623	$52
USAA*	$179	$15

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

Renters insurance calculator in Tennessee

$291/year

Estimated renters insurance rates in Tennessee

$24

Monthly renters insurance cost in Tennessee

Compared to national average

Average cost of renters insurance in Tennessee by coverage level

As we discussed above, the average cost of renters insurance in Tennessee is $309 per year. These rates are for a coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $222 per year for renters insurance in Tennessee, which provides $300,000 in liability protection with a $1000 deductible.

Below are the average renters insurance costs in Tennessee for personal property coverage amounts 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	$231	$19
$20,000 with $500 Deductible and $300,000 Liability	$246	$21
$20,000 with $1,000 Deductible and $100,000 Liability	$208	$17
$20,000 with $1,000 Deductible and $300,000 Liability	$222	$19
$40,000 with $500 Deductible and $100,000 Liability	$329	$27
$40,000 with $500 Deductible and $300,000 Liability	$347	$29
$40,000 with $1,000 Deductible and $100,000 Liability	$291	$24
$40,000 with $1,000 Deductible and $300,000 Liability	$309	$26
$60,000 with $500 Deductible and $100,000 Liability	$428	$36
$60,000 with $500 Deductible and $300,000 Liability	$450	$38
$60,000 with $1,000 Deductible and $100,000 Liability	$379	$32
$60,000 with $1,000 Deductible and $300,000 Liability	$400	$33

Average cost of renters insurance in Tennessee by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Tennessee and find the best fit for your budget.

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

How much Tennessee renters pay for insurance depends on the ZIP code they live in. 37686 is the most affordable ZIP code for renters insurance in Tennessee among all the ZIP codes analyzed, at $261 a year on average.

Rates vary by ZIP code, so comparing quotes is one of the easiest ways to get the best deal on renters insurance in Tennessee.

ZIP code	City	Average annual rate	Average monthly rate
37686	Piney Flats	$261	$22
37664	Kingsport	$262	$22
37604	Johnson City	$263	$22
37617	Blountville	$264	$22
37663	Colonial Heights	$264	$22
37659	Jonesborough	$264	$22
37778	Lowland	$266	$22
37620	Bristol	$267	$22
37618	Bluff City	$269	$22
37650	Erwin	$269	$22

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 $425 a year or $35 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	$425	$35
38080	Ridgely	$404	$34
38079	Tiptonville	$404	$34
38254	Samburg	$396	$33
38070	Tigrett	$396	$33
38127	Memphis	$394	$33
38047	Lenox	$393	$33
38007	Bogota	$391	$33
38034	Friendship	$379	$32
38240	Obion	$377	$31

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.