- Best condo insurance companies in Tennessee
- Average cost of condo insurance in Tennessee
- Condo insurance rates in Tennessee by 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
There are many companies offering condo insurance coverage in Tennessee. Tennessee Farmers is the best condo insurance company in Tennessee based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Tennessee.
| 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 |
Average cost of condo insurance 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 coverage level
Tennessee Farmers offers the lowest condo insurance rates in Tennessee for coverage limits of $60,000 for personal property and $300,000 for liability 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 cheapest option is Farm Bureau Insurance of Tennessee, followed by Shelter Insurance and State Farm as the second and third most affordable choices. However, condo insurance rates in Tennessee vary by company, so it's a good idea to shop around and compare quotes.
The table below shows 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 Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Compare Tennessee condo insurance rates with other states
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