Best and cheapest renters insurance in Tennessee

Best renters insurance companies in Tennessee

When choosing the best renters insurance company in Tennessee, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Tennessee. Below is our list of best renters insurance companies in Tennessee based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
Erie Insurance	4
State Farm	4
Farmers	3.5
USAA	3.5
Travelers	2.5

Compare the best renters insurance companies in Tennessee

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Tennessee residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, Erie Insurance is the best renters insurance company in Tennessee. It earned 881 out of 1000 from J.D. Power and has an average renters insurance rate of $361.

The table below offers a detailed comparison of renters insurance companies in Tennessee.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
Erie Insurance	881	$361	A+
State Farm	844	$223	A++
USAA	894	$148	A++
Farmers	842	$302	A
Travelers	835	$570	A++

How much is renters insurance in Tennessee

Tennessee residents pay an average of $272 a year for renters insurance, and the average monthly cost is $23. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“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.”

Average Annual Premium	Average Monthly Premium
$272	$23

Most expensive ZIP codes in Tennessee for renters insurance

Several factors affect your renters insurance coverage cost in Tennessee, including your location and the coverage you buy. The most expensive ZIP code in Tennessee for renters insurance is 38077, where the average annual rate is $366 which is $94 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Tennessee for renters insurance.

ZIP code	Average Annual Rate
38077	$366
38127	$350
38080	$349
38079	$344
38070	$342
38254	$341
38047	$338
38007	$337
38163	$335
38106	$330

Least expensive ZIP codes in Tennessee for renters insurance

Renters insurance rates in Tennessee are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Tennessee is 37686, and its average annual rate is $229.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
37686	$229
37617	$231
37664	$232
37663	$233
38589	$234
37614	$236
37618	$237
38542	$238
37650	$239
37140	$240

Compare renters insurance rates by city in Tennessee

Renters 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 renters insurance for your specific city in Tennessee.

City	Annual insurance premium
Chattanooga	$269
Clarksville	$265
Franklin	$246
Hendersonville	$250
Jackson	$295
Johnson City	$234
Knoxville	$258
Memphis	$315
Murfreesboro	$251
Nashville	$273

Cheap renters insurance in Tennessee by company

There are a lot of companies offering renters insurance in Tennessee. Among the carriers surveyed by Insurance.com, USAA is the cheapest renters insurance company in Tennessee; its average annual premium is $148.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Tennessee and their average annual premiums.

Company Name	Average Annual Premium
USAA	$148
American National Finance	$150
Tennessee Farmers	$153
Shelter Insurance	$216
State Farm	$223
Auto-Owners	$249
Farmers	$302
Westfield Insurance	$346
Erie Insurance	$361
Travelers	$570

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. Content was updated in 2023.