Best condo insurance companies in Tennessee

In Tennessee, you have a lot of options when it comes to finding the best condo insurance company. To make the job easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in Tennessee. Below are the best condo insurance companies in Tennessee based on that analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
State Farm829A++
3.9
USAA884A++
3.8
Erie Insurance827A+
3.3
Allstate815A+
3.2
Farmers792A
2.8
Travelers794A++
2.7

Average cost of condo insurance in Tennessee

The average cost of condo insurance in Tennessee is $641 a year or $53 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount, among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium
$641$53

Condo insurance calculator

Average condo insurance rates in Tennessee
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000
View most and least expensive ZIP codes

Most & least expensive ZIP codes for condo insurance in Tennessee

Most expensive

ZIP CodeCityHighest Rate
38157Memphis$734
38163Memphis$733
38046La Grange$732
38047Lenox$729

Least expensive

ZIP CodeCityLowest Rate
37665Kingsport$512
37692Unicoi$516
37694Watauga$516
37645Mount Carmel$520
Data refreshed as of Mar 2024
Read our full methodology

Condo insurance rates by company in Tennessee

Rates for condo insurance by company in Tennessee vary. It’s important to shop around and compare quotes to find the best price. 

In the table below, you’ll see condo insurance rates for major companies in Tennessee. The cheapest company for condo insurance in Tennessee is Tennessee Farmers. Shelter Insurance and Farmers are the second and third cheapest options.

CompanyAverage Annual Rate
Tennessee Farmers$322
Shelter Insurance$358
Farmers$500
State Farm$519
Auto-Owners$524
Allstate$627
Erie Insurance$683
Travelers$900
USAA$989

Compare condo insurance rates by city in Tennessee

Condo 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 condo insurance for your specific city in Tennessee.

CityAnnual insurance premium
Chattanooga
$636
Clarksville
$652
Franklin
$654
Hendersonville
$635
Jackson
$708
Johnson City
$601
Knoxville
$639
Memphis
$733
Murfreesboro
$646
Nashville
$679

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 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 2023.

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