- Best condo insurance companies in Tennessee
- How much does condo insurance cost in Tennessee?
- Condo insurance rates in Tennessee by company and coverage level
- Condo insurance rates by company in Tennessee
- Compare condo insurance rates by city in Tennessee
- Methodology
- Compare Tennessee condo insurance rates with other states
Best condo insurance companies in Tennessee
Based on our analysis, Tennessee Farmers is the best condo insurance company in Tennessee among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Tennessee, based on our research.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Tennessee Farmers | $322 | A- | 0.04 | |
| Auto-Owners | $574 | A++ | 0.33 | |
| Shelter Insurance | $358 | A | 0.42 | |
| Farmers | $504 | A | 0.54 | |
| Erie Insurance | $704 | A+ | 0.38 | |
| State Farm | $462 | A++ | 0.95 | |
| Travelers | $908 | A++ | 0.54 | |
| Allstate | $738 | A+ | 0.9 |
How much does condo insurance cost in Tennessee?
The average cost of condo insurance in Tennessee is $616 per year or $51 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium may be higher or lower depending on where you live, the coverage limits you choose, your deductible and other factors.
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $616 |
| Average monthly premium | $51 |
Condo insurance rates in Tennessee by company and coverage level
Tennessee Farmers provides the lowest condo insurance rates in Tennessee for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Shelter Insurance at $358 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $614 | $635 | $717 | $738 | $804 | $825 | $878 | $899 |
| Auto-Owners | $474 | $481 | $568 | $574 | $678 | $684 | $788 | $794 |
| Erie Insurance | $457 | $525 | $609 | $704 | $728 | $844 | $849 | $984 |
| Farmers | $433 | $457 | $480 | $504 | $528 | $552 | $577 | $601 |
| Shelter Insurance | $305 | $318 | $345 | $358 | $394 | $407 | $446 | $459 |
| State Farm | $414 | $419 | $457 | $462 | $487 | $492 | $517 | $522 |
| Tennessee Farmers | $327 | $333 | $316 | $322 | $322 | $328 | $335 | $341 |
| Travelers | $763 | $784 | $883 | $908 | $988 | $1,017 | $1,125 | $1,160 |
| USAA | $712 | $712 | $796 | $796 | $871 | $871 | $936 | $936 |
Condo insurance rates by company in Tennessee
The most affordable company is Farm Bureau Insurance of Tennessee, with Shelter Insurance and State Farm ranking as the second and third cheapest. Since condo insurance rates in Tennessee vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Tennessee.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Tennessee Farmers | $322 | $27 |
| Shelter Insurance | $358 | $30 |
| State Farm | $462 | $39 |
| Farmers | $504 | $42 |
| Auto-Owners | $574 | $48 |
| Erie Insurance | $704 | $59 |
| Allstate | $738 | $61 |
| Travelers | $908 | $76 |
| USAA | $796 | $66 |
Compare condo insurance rates by city in Tennessee
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Tennessee, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Tennessee condo insurance rates with other states
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