Renters insurance in Tennessee: Cost, best companies and how to save

What is the average cost of renters insurance in Tennessee?

The average renters insurance cost in Tennessee is $291 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Tennessee: Farm Bureau Insurance of Tennessee

Among the carriers surveyed, Farm Bureau Insurance of Tennessee is the best renters insurance company in Tennessee, with a top score and an average renters insurance rate of $154.

State Farm and Auto-Owners are the other best insurance companies for renters insurance in Tennessee.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Tennessee, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Tennessee.

Cheapest renters insurance in Tennessee

American National Finance is the cheapest renters insurance company in Tennessee, with an average annual premium of $153, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Tennessee and their average annual premiums.

Tennessee renters insurance: The least and most expensive ZIP codes

Your location in Tennessee directly impacts the cost of renters insurance. The most expensive ZIP code in Tennessee is 38077, with an average annual premium of $401. This amount is $110 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 37686, offering coverage at $246 a year.

The table below shows the most and least expensive ZIP codes in Tennessee for renters insurance.

Renters insurance cost in Tennessee by city

In Tennessee, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

How to save on renters insurance in Tennessee

There are several easy ways to lower the cost of renters insurance in Tennessee without losing necessary coverage:

• Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
• Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
• Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
• Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
• Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.