Tennessee homeowners insurance: what you need to know
The average cost of home insurance in Tennessee is $2,033 annually ($169 per month) - well above the national average. Home insurance is an optional — but important — product that helps keep your belongings financially protected if your home suffers damage from common incidents. The best way to acquire a cheap home insurance policy in Tennessee is to shop around and compare rates from as many companies as possible.Â
There are major differences in home insurance costs on a state-by-state basis. Home insurance costs by state diverge depending on the number and total value of home insurance claims filed across the state and depend on the price of the belongings and home you're insuring.
Find out how much home insurance costs in Tennessee by referencing the below data. Remember: your rates will vary, depending on your coverage limits.
Table of contents:
- Rates by company
- Rates by coverage amount
- Rates by deductible amount
- Rates by city
- Bundling savings
- Frequently asked questions
- Natural disaster coverage
The cheapest home insurance companies in Tennessee
Homeowners insurance rates in Tennessee vary based on the insurer you use. Shelter sells the cheapest home insurance policies in Tennessee — $1,421 each year. This compares favorably to the state's average cost of $2,033, providing a $612 price break on average statewide home insurance costs.
Start looking for a cheap home insurance policy by reviewing the best Tennessee home insurance carriers, listed below. Be sure to check out the results of The Zebra's Customer Satisfaction Survey to see who ranked top for homeowners insurers.
AFFORDABLE HOME INSURERS INÂ TENNESSEE
| Company | Average Annual Rate in Tennessee |
| Shelter | $1,421 |
| AAA | $1,550 |
| USAA | $1,698 |
| Travelers | $1,808 |
| Erie | $1,849 |
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Tennessee home insurance prices by coverage levels
How much you pay for home insurance coverage is greatly affected by the level of coverage you choose. In Tennessee, carrying $200,000 dwelling coverage costs an average of $1,459 per year, while maintaining coverage up to $400,000 costs as much as $2,539 per year.
POPULAR COVERAGE LIMITS IN TENNESSEE
| Coverage Level | Average Annual Rate |
| $100,000 Dwelling | $931 |
| $200,000 Dwelling | $1,459 |
| $250,000 Dwelling | $1,697 |
| $400,000 Dwelling | $2,539 |
Homeowners insurance deductibles in Tennessee
Homeowners have a lot of decisions to make when buying a home insurance policy, including the amount of their deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. Choosing your deductible plays a significant role in how much you pay for insurance.
When considering your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, if you are aiming for lower home insurance rates, it pays to keep your deductible higher. It's worth remembering that your deductible should only be as high as you can reasonably pay in the case of an actual loss.
Take a look at some of the normal deductibles offered by home insurance companies and an estimate of average homeowners insurance rates.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN TENNESSEE
| Deductible Tier | Average Annual Homeowners Insurance Rate |
| $500 | $1,826 |
| $1,000 | $1,697 |
| $1,500 | $1,606 |
| $2,000 | $1,518 |
| $5,000 | $1,323 |
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Tennessee homeowners insurance costs by city
Not all Tennessee cities have equal homeowners insurance rates. Policy pricing may depend on city-specific variables like the number of local claims filed, meaning your ZIP code could have a major impact on how much you pay.
The most affordable homeowners insurance in Tennessee is available in Johnson City. The average home insurance policy in Johnson City costs $1,432 per year — $601 less than the statewide average. The table below shows the best places to live in Tennessee if you’re looking for cheap homeowners insurance.
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN TENNESSEE
| City | Average 12-Month Home Insurance Rate |
| Johnson City | $1,432 |
| Kingsport | $1,436 |
| Morristown | $1,548 |
| Knoxville | $1,575 |
| Brentwood | $1,580 |
Looking for information on homeowners insurance in a specific city? Check out our analysis of significant Tennessee cities:
Home and auto insurance bundling in Tennessee
If you want to save on insurance, consider purchasing your home and car insurance policies from the same company. A home and car insurance bundle in Tennessee can lead to substantial savings on your auto insurance bill. Purchasing bundled policies in Tennessee leads to a yearly discount of $141.
HOME AND AUTO BUNDLING DISCOUNTS IN TENNESSEE
|
Avg. Annual Rate (No Bundle) |
Avg. Annual Rate (w/ Bundle) |
Annual Savings ($) |
Annual Savings (%) |
| $1,417 | $1,276 | $141 | 11% |
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Tennessee homeowners insurance FAQs
Does GEICO have homeowners insurance in Tennessee?
Yes - GEICO provides homeowners insurance in the state of Tennessee.
Why is homeowners insurance so expensive in Tennessee?
Homeowners insurance in Tennessee can be more expensive than in some states due to it being vulnerable to certain damaging perils. These include wind and hail storms, tornadoes, floods, and wildfires, all of which can be destructive to your property.
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Natural disaster coverage in Tennessee
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Does homeowners insurance cover flooding in Tennessee?
Damage from flooding, whether from a hurricane or a torrential downpour, is not covered by homeowners insurance policies. To insure your Tennessee home against flood damage, buy insurance from a private flood insurance company or through the National Flood Insurance Program (NFIP).
Flood insurance coverage from private companies may vary, but if you buy through the NFIP you are allotted coverage for:
- $250,000 structural coverage
- $100,000 personal property coverage
If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.Â
Find an affordable homeowners policy in Tennessee today!
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.