Best and cheapest homeowners insurance in Tennessee for 2024

Best homeowners insurance companies in Tennessee: Auto-Owners

The best home insurance company in Tennessee for 2024 is Auto-Owners. Erie Insurance, State Farm, Allstate and Farmers among other top home insurance companies in Tennessee based on price, NAIC complaints, and AM Best financial ratings.

The total Insurance.com score is calculated out of five using these factors.

Best home insurance companies in Alaska

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Best home insurance in Tennessee
Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
Auto-Owners	A++	0.37	4.59	$2,431
Erie Insurance	A+	0.52	4.53	$3,642
State Farm	A++	0.83	4.35	$2,523
Allstate	A+	1.46	3.73	$2,478
Farmers	A	0.67	3.45	$3,772
Progressive	A+	2.71	3.13	$2,197
Travelers	A++	1.10	2.85	$6,604

Data updated in 2024

Cheapest home insurance companies in Tennessee: Progressive

Below are Tennessee home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, Progressive has the cheapest home insurance for all coverage levels except $600,000 and $1,000,000. USAA offers the cheapest rates if you are eligible for USAA.

Cheapest home insurance in Tennessee
Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
USAA*	$1,542	$2,122	$2,688	$3,653	$5,664
Progressive	$1,649	$2,197	$2,676	$4,110	$6,309
Tennessee Farmers	$1,730	$2,325	$2,853	$4,078	$6,679
Auto-Owners	$1,989	$2,431	$2,928	$3,921	$8,963
Allstate	$2,130	$2,478	$2,868	$3,873	$5,975
State Farm	$1,945	$2,523	$3,035	$4,227	$6,372
Erie Insurance	$2,607	$3,642	$4,723	$6,638	$10,593
Farmers	$2,609	$3,772	$4,839	$6,826	$10,164
Travelers	$5,709	$6,604	$7,674	$11,074	$17,461

*USAA only provides coverage to military members, veterans, and their families.

Data updated in 2024

Average home insurance cost in Tennessee

The average cost of homeowners insurance in Tennessee is $3,060 a year or $255 a month. This is based on coverage of:

$300,000 dwelling
$300,000 liability
$1,000 deductible.

However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from different Tennessee homeowners insurance companies to get the best deal.

Tennessee home insurance rates by ZIP code

Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Tennessee to see which areas are the most and least expensive.

Enter your ZIP code and desired coverage level in the search box to see that area's average home insurance rate. You will also see the highest and lowest premiums from major home insurers. Comparing home insurance rates will give you an idea of how much you can save.

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Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP code	City	Highest rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP code	City	Lowest rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data updated in 2024

The Tennessee Department of Commerce and Insurance says...

Your previous claim history has a big impact on your premiums. Consider not putting in claims for smaller amounts/events to avoid being tagged for a premium increase. You may want to consider a higher deductible if you are unlikely to file a claim for a loss that is less than $500 or even a $1000.

- The Tennessee Department of Commerce and Insurance

The most expensive ZIP codes in Tennessee for home insurance

Tennessee homeowners insurance rates are the most expensive for ZIP code 38127, with an average annual cost of $4,525.

The most expensive ZIP codes in Tennessee are:

ZIP code	Average annual rate
38127	$4,525
38114	$4,343
38106	$4,336
38116	$4,299
38108	$4,296
38109	$4,290

Data updated in 2024

The least expensive ZIP codes in Tennessee for home insurance

The cheapest ZIP codes for home insurance in Tennessee are:

ZIP code	Average annual rate
37682	$2,159
37684	$2,210
37664	$2,229
37620	$2,258
37660	$2,261
37929	$2,271

Data updated in 2024

Compare homeowners insurance rates by city in Tennessee

Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in Tennessee.

City	Annual insurance premium
Germantown	$2,591
Kingston	$2,017
Knoxville	$1,929
Paris	$2,546
Pikeville	$2,386

Data updated in 2024

Hurricane and windstorm insurance in Tennessee

Home insurance coverage for windstorms in Tennessee requires a combination of policies. Standard homeowners insurance covers damage from wind and rain.

However, homeowners insurance doesn't cover damage from floods. Overland flooding, including sudden flash floods from heavy rain is only covered by flood insurance, which can be purchased either through the National Flood Insurance Program (NFIP) or a private flood insurance company. Although hurricanes aren't usually a major risk in Tennessee, the destructive path of Hurricane Helene made clear that the impact of a hurricane can be felt far inland, and that flood insurance is important even in places that aren't usually prone to flooding.

Frequently asked questions about Tennessee homeowners insurance

Do you need flood insurance in Tennessee?

Floods are not covered by a standard homeowners policy. If you live in a flood zone or worry about extreme storms, you’ll need to purchase flood insurance as an add-on or separately through the National Flood Insurance Program (NFIP).