Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Tennessee Average homeowners insurance cost in Tennessee Homeowners insurance in Tennessee costs $3,045 per year or $254 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.On average, Tennessee homeowners insurance costs $3,045 a year, based on Insure.com’s data. Learn more about the average homeowners insurance rates by company and ZIP code in Tennessee. Key Takeaways Homeowners insurance costs an average of $3,045 a year, based on Insure.com analysis.Of all the ZIP codes in Tennessee, 37664 has the most affordable home insurance rates at around $2,216 annually.In Tennessee, Progressive provides the most affordable home insurance at an average annual premium of $2,187. Average home insurance cost in Tennessee by coverage levelThe average cost of homeowners insurance in Tennessee is $3,045 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,319 per year for homeowners insurance in Tennessee for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Tennessee for dwelling coverage of $300,000, $400,000 and $500,000.Coverage Average annual rate Average monthly rate200000 with 1000 Deductible and 100000 Liability and None Deductible$2,356$196200000 with 1000 Deductible and 300000 Liability and None Deductible$2,369$197300000 with 1000 Deductible and 100000 Liability and None Deductible$3,045$254300000 with 1000 Deductible and 300000 Liability and None Deductible$3,060$255400000 with 1000 Deductible and 100000 Liability and None Deductible$3,751$313400000 with 1000 Deductible and 300000 Liability and None Deductible$3,768$314600000 with 1000 Deductible and 100000 Liability and None Deductible$5,334$445600000 with 1000 Deductible and 300000 Liability and None Deductible$5,353$4461000000 with 1000 Deductible and 100000 Liability and None Deductible$8,525$7101000000 with 1000 Deductible and 300000 Liability and None Deductible$8,546$712Homeowners insurance companies in Tennessee decide rates based on risk. They consider your location, claims history and coverage limit when calculating premiums.If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims.According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in TennesseeIt’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.We evaluated homeowners insurance providers in Tennessee by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Auto-Owners received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall scoreAuto-Owners$2,426A++0.335State Farm$2,518A++0.954.88Farm Bureau Insurance of Tennessee$2,319A-0.044.84Allstate$2,458A+0.94.83Farmers$3,748A0.544.44Travelers$6,580A++0.543.8Progressive$2,187A+8.453.78Average homeowners insurance cost by company in TennesseeProgressive has the cheapest homeowners insurance rates in Tennessee. Its average annual cost for Tennessee homeowners is $2,187. Farm Bureau Insurance of Tennessee and Auto-Owners also offer affordable insurance.By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.The table below shows the average annual and monthly insurance rates for homeowners in Tennessee with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.Company Average annual rate Average monthly rateProgressive$2,187$182Farm Bureau Insurance of Tennessee$2,319$193Auto-Owners$2,426$202Allstate$2,458$205State Farm$2,518$210Erie Insurance$3,598$300Farmers$3,748$312Travelers$6,989$582USAA$2,122$177Tennessee homeowners insurance rates by ZIP codeInsurance companies in Tennessee assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Tennessee. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.Most affordable ZIP codes for home insurance rates in TennesseeNot every area in Tennessee has the same home insurance cost. How much you pay for homeowners insurance in Tennessee depends on many factors, including your ZIP code. Our data shows that 37664 ZIP has low-cost home insurance rates in Tennessee, at about $2,216 a year or $185 monthly.Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Tennessee.ZIP codeAverage annual rateAverage monthly rate37664$2,216$18537620$2,243$18737660$2,248$18737604$2,276$19037663$2,279$19037686$2,281$19037617$2,292$19137614$2,306$19237659$2,308$19237618$2,310$193Most expensive ZIP codes for home insurance rates in TennesseeIn Tennessee, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.Homeowners in 38127 ZIP pay the highest insurance rates in Tennessee, with an average annual premium of $4,510.Below is a list of some of the most expensive ZIP codes in Tennessee for homeowners insurance.ZIP codeAverage annual rateAverage monthly rate38127$4,510$37638114$4,328$36138106$4,322$36038116$4,285$35738108$4,282$35738109$4,276$35638107$4,248$35438128$4,208$35138105$4,207$35138126$4,144$345Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Tennessee by cityChattanoogaClarksvilleKnoxvilleMemphisHome insurance rate trend in TennesseeWe analyzed home insurance rate trends in Tennessee and found that homeowners insurance rates experienced an overall increase of 7% or $188, from 2022 to 2023.The data below shows how much homeowners insurance rates have changed since 2019.2019 rates2022 rates2023 rates$2,982$2,857$3,045To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Tennessee.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Tennessee Average renters insurance cost in Tennessee Average car insurance cost in Tennessee Non-owner auto insurance in Tennessee How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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