Auto-Owners is the best homeowners insurance company in Tennessee, based on a 2023 analysis by Insurance.com, with an overall rating of 4.84. For military members, veterans and their families, USAA is tops with an overall rating of 4.81.
Tennessee Farmers offers the cheapest home insurance for most of the coverage levels for all homeowners. If you’re eligible, USAA has cheaper rates.
With so many options out there, it is not easy to choose a homeowners insurance company in Tennessee. You need a reliable company that will provide you with quality service at an affordable price. Below we’ll cover everything you need to know to get the best home insurance in Tennessee.
Key takeaways
- The average home insurance cost in Tennessee is $2,870 per year or $239 per month.
- Tennessee Farmers offers the cheapest home insurance in Tennessee for all homeowners at $2,274 a year, although USAA is cheaper if you qualify.
- Auto-Owners ranks the best home insurance company in Tennessee for 2023.
How much is home insurance in Tennessee?
The average cost of homeowners insurance in Tennessee is $2,870 a year or $239 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.
Best homeowners insurance companies in Tennessee
The best home insurance company in Tennessee for 2023 is Auto-Owners, followed by USAA and Tennessee Farmers.
Below is a full list of the top Tennessee insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
*USAA only provides coverage to military members, veterans, and their families.
Cheapest home insurance companies in Tennessee
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, you’ll see Tennessee Farmers has the cheapest home insurance for homeowners in most categories unless you are eligible for USAA.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| USAA | $ 1,476 | $ 1,967 | $ 2,396 | $ 2,804 | $ 3,187 |
| Tennessee Farmers | $ 1,632 | $ 2,274 | $ 2,998 | $ 3,730 | $ 4,482 |
| Auto-Owners | $ 1,825 | $ 2,235 | $ 2,697 | $ 3,173 | $ 3,648 |
| Allstate | $ 1,834 | $ 2,113 | $ 2,467 | $ 2,904 | $ 3,336 |
| Farmers | $ 2,005 | $ 2,869 | $ 3,639 | $ 4,467 | $ 5,085 |
| State Farm | $ 2,283 | $ 2,961 | $ 3,571 | $ 4,322 | $ 4,976 |
| Erie Insurance | $ 2,464 | $ 3,443 | $ 4,503 | $ 5,414 | $ 6,330 |
| Travelers | $ 5,456 | $ 6,320 | $ 7,314 | $ 8,393 | $ 8,950 |
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 the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
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 $4,216.
The most expensive ZIP codes in Tennessee are:
| ZIP code | Average annual rates |
|---|---|
| 38127 | $ 4,216 |
| 38114 | $ 4,022 |
| 38106 | $ 4,018 |
| 38108 | $ 3,997 |
| 38116 | $ 3,989 |
| 38109 | $ 3,975 |
The least expensive ZIP codes in Tennessee for home insurance
The cheapest ZIP codes for home insurance in Tennessee are:
| ZIP code | Average annual rates |
|---|---|
| 37682 | $ 2,041 |
| 37684 | $ 2,108 |
| 37929 | $ 2,114 |
| 37664 | $ 2,131 |
| 37773 | $ 2,153 |
| 37707 | $ 2,160 |
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).
Is home insurance required in Tenneesee?
Tennessee state law doesn’t require home insurance. However, your mortgage company will require you to carry a policy.
