Renters insurance is an affordable way to protect your rented home or apartment from theft and damage. People often find themselves in a dilemma when it comes to choosing the best renters insurance.
To help you find the most affordable renters insurance company, we have prepared this guide for you. We have gathered quotes from major renters insurance providers across Tennessee and compared the carriers based on several rating factors. Keep on reading this resource to get all the details you will require to choose the best renters insurance in Tennessee.
- Best renters insurance companies in Tennessee
- Compare best renters insurance companies in Tennessee
- How much is renters insurance in Tennessee
- 10 Most expensive zip codes in Tennessee for renters insurance
- 10 Least expensive zip codes in Tennessee for renters insurance
- Cheap renters insurance in Tennessee by carrier
Best renters insurance companies in Tennessee
When it comes to choosing the best renters insurance company in Tennessee, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in Tennessee. Below is the list of best renters insurance companies in Tennessee:
- USAA
- State Farm
- Allstate
- Travelers
Compare best renters insurance companies in Tennessee
Comparing insurance quotes from multiple insurance carriers who offer renters insurance is one of the ways to make sure you will get your money's worth. There can be big differences in prices between different renters insurance providers, so it pays to shop around. Make sure you buy the insurance policy from a company that offers affordable renters insurance and provides consistent customer service.
To make your task easy, we have compared the carriers for Tennessee residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, USAA tops the list of the best renters insurance companies in Tennessee. It has earned 893 scores out of 1000 from J.D Power and provides policies at an average of $247 annually.
If you are not eligible for USAA renters insurance, you can try State Farm which has earned a J.D Power score of 866 out of 1000.
Find below the average cost and rating of other renters insurance companies in Tennessee.
| Company | J.D. Power score | Average annual rate |
|---|---|---|
| USAA | 893 | $247 |
| State Farm | 866 | $322 |
| Allstate | 833 | $323 |
| Travelers | 815 | $369 |
How much is renters insurance in Tennessee
Tennessee residents pay an average of $325 a year for a standard renters insurance policy, and the average monthly cost is $27. That’s the state average cost for a policy with recommended coverage levels of personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.
It's important to know that the price of your renters insurance policy will likely not be the same as a neighbor who lives near you. This is because it depends on factors specific for each person; how much property you want to insure, extra coverage options you add, and the deductible amount you choose.
| Average annual premium | Average monthly premium |
|---|---|
| $325 | $27 |
10 Most expensive zip codes in Tennessee for renters insurance
If you have a rented home or apartment then it is advised to carry renters insurance. A number of factors affect your renters insurance coverage cost, including your location and the coverage you buy. The most expensive zip code in Tennessee for renters insurance is 38127, its average annual rate is $419---$94 more than the state average ($325).
The following table lists the 10 most expensive zip codes in Tennessee for renters insurance. The list is prepared by analyzing quotes from major insurance companies across all the zip codes.
| ZIP code | Average annual rate |
|---|---|
| 38127 | $419 |
| 38126 | $400 |
| 38106 | $392 |
| 38108 | $391 |
| 38114 | $385 |
| 38107 | $379 |
| 38105 | $378 |
| 38069 | $377 |
| 37410 | $375 |
| 38116 | $374 |
10 Least expensive zip codes in Tennessee for renters insurance
Renters insurance rates in Tennessee vary based on coverage amount, the renter’s credit history, and where they live. Based on a rate analysis by Insurance.com, the least expensive zip code for renters insurance in Tennessee is 37664, and its average annual rate is $269.
Find below the list of least expensive zip codes for renters insurance along with their average annual rate.
| ZIP code | Average annual rate |
|---|---|
| 37664 | $269 |
| 37686 | $271 |
| 37617 | $274 |
| 37615 | $275 |
| 37684 | $279 |
| 37620 | $280 |
| 37659 | $281 |
| 37604 | $283 |
| 37027 | $284 |
| 37642 | $287 |
Cheap renters insurance in Tennessee by carrier
When it comes to shopping for a renters insurance policy, there are a number of options available. Among the carriers surveyed by Insurance.com, Farmers is the cheapest insurance company in Tennessee, its average annual premium is $159.
When you're shopping for renters insurance, know that prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal in order to get coverage at an affordable price.
Below is a list of the best cheap renters insurance providers in Tennessee and their average annual premium.
| Company name | Average annual premium |
|---|---|
| Farmers | $159 |
| USAA | $230 |
| Allstate | $298 |
| State Farm | $315 |
| Travelers | $320 |
| Safeco | $421 |
| Erie | $532 |