Best and Cheapest Home Insurance Companies in Tennessee
Best and Cheapest Home Insurance Companies in Tennessee

Best and Cheapest Home Insurance Companies in Tennessee

grow Bureau offers the most low-cost homeowners indemnity in Tennessee. A policy costs $ 1,266 per year, or $ 105 per calendar month .

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Picking the right home policy ship’s company means finding the caller that has the right coverage options and capital customer service, all for an low-cost rate. We collected thousands of home insurance quotes and compared eight top insurers to find the best company for Tennessee homeowners .

The cheapest options for homeowners insurance in Tennessee

grow Bureau offers the lowest price to Tennessee homeowners — it ‘s $ 821 per year cheaper than the statewide average .
The average price of homeowners insurance in Tennessee is $ 2,087 per year. We collected hundreds of quotes from homeowners indemnity companies across Tennessee in ordain to find the best price .
Graph showing the cost of home insurance in Tennessee by company

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presently insured ? eligible homeowners can besides find low-cost rates from USAA. however, you must be a penis of the military, veteran or eligible syndicate extremity to purchase a policy .

Best for most people: Farm Bureau

Farm BureauGet a Quote grow Bureau offers capital policy rates along with well-regarded customer service. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” primary ”, ” buttonIcon ” : ” lock ”, ” buttonText ” : ” Get a Quote ”, ” category ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/farmbureau-3 ”, ” description ” : ” grow Bureau offers great indemnity rates along with well-regarded customer service. “, ” details ” : [ ], ” disclaimer ” : ” ”, ” featuredTitle ” : ” ”, ” liaison ” : ” hypertext transfer protocol : \/\/www.scfbins.com\/ ”, ” name ” : ” farm Bureau ”, ” hideBanner ” : faithlessly, ” hideDescription ” : delusive, ” hideDetails ” : true, ” hideDisclaimer ” : fake, ” hideTitle ” : true, ” title ” : ” farm Bureau ” }
The best homeowners indemnity company in Tennessee and our recommendation for most people is Farm Bureau. It offers the best overall combination of low-cost rates and potent customer service. Farm Bureau ‘s average rate is $1,266 per year, which is 39 % cheaper than the statewide average .
farm Bureau besides has excellent customer service reviews. The National Association of Insurance Commissioners ( NAIC ) has zero customer complaints on file for Farm Bureau in 2020, which is very uncommon for a ship’s company of its size. The biggest drawback of Farm Bureau is its web site, which does n’t offer a lot data in terms of coverage options or available discounts .

Best major insurance company: State Farm

State Farm Home InsuranceGet a Quote state grow has knock-down on-line tools for those who prefer to manage their home policy policy on the network. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” primary ”, ” buttonIcon ” : ” lock ”, ” buttonText ” : ” Get a Quote ”, ” category ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/statefarm-2 ”, ” description ” : ” State Farm has powerful on-line tools for those who prefer to manage their home plate policy policy on the web. “, ” details ” : [ ], ” disavowal ” : ” ”, ” featuredTitle ” : ” ”, ” link ” : ” hypertext transfer protocol : \/\/insurance.mediaalpha.com\/zero-click.html ? cu=https : \/\/www.statefarm.com & carrier=State % 20Farm ; V3-KqiM8njdUmnsgCxn7FDJD0uB3sJUh9wBJ1vHHWSJ0ejfGjMTDslMuO7nbOCg_6xpk_FXibtxuHjX68d0aQeJyivBQSQ ”, ” name ” : ” State Farm Home Insurance ”, ” hideBanner ” : fake, ” hideDescription ” : false, ” hideDetails ” : true, ” hideDisclaimer ” : fake, ” hideTitle ” : dependable, ” title ” : ” State Farm Home Insurance ” }
state farm is the best insurance company for Tennessee homeowners who prefer the constancy and name recognition of working with a national home insurance company. The average home indemnity rate at State Farm is 29 % more low-cost than the country average at $1,482 per year .
As one of the largest insurance companies in the U.S., State Farm offers a wide array of policy coverages, including car, umbrella, business, liveliness and health policy. It besides has the best customer servicing scores of any national insurance company in the department of state. According to the NAIC, it receives fewer complaints than average based on its size. State Farm besides earned an above-average grade on J.D. Power ‘s annual home policy customer satisfaction sketch .

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Best for military families: USAA

USAAGet a Quote USAA has excellent customer service and benefits that will appeal to military service members, veterans and their families. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” primary ”, ” buttonIcon ” : ” lock ”, ” buttonText ” : ” Get a Quote ”, ” category ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/usaa-3 ”, ” description ” : ” USAA has excellent customer service and benefits that will appeal to military service members, veterans and their families. “, ” details ” : [ ], ” disclaimer ” : ” ”, ” featuredTitle ” : ” ”, ” connect ” : ” hypertext transfer protocol : \/\/www.usaa.com\/inet\/wc\/insurance-products ? akredirect=true ”, ” name ” : ” USAA ”, ” hideBanner ” : false, ” hideDescription ” : false, ” hideDetails ” : true, ” hideDisclaimer ” : false, ” hideTitle ” : true, ” entitle ” : ” USAA ” }
Tennesseans with ties to the military should consider getting a home policy quotation from USAA. The company has some of the most competitive rates in the state — a policy costs $1,419 per year, which is $ 668 cheaper than the statewide modal .
USAA has earned a reputation for providing excellent serve to its customers, particularly when it comes to claims. however, USAA is not available to everyone. alone two groups of people may apply : current or former members of the U.S. military and anyone whose contiguous family penis has been a customer of USAA in the by .
USAA provides a few unique benefits and perks to serve members and their families. For example, it covers your personal property in war zones, which most insurers do n’t do. This means any belongings you bring with you while you ‘re deployed are protected, no topic where you go .

Tennessee home insurance rates: City-by-city breakdown

Homeowners in Walnut Hill pay the cheapest home indemnity rate in the state of matter, $ 1,499 per year, while Wynnburg has the highest rates in Tennessee — $ 2,847 per year .
Homeowners indemnity prices can vary greatly based on home cost and design, particular location and other factors, so the average pace in your city may be different than what you pay .

City

Average annual cost

Difference from state average (%)

Adams $2,039 -2%
Adamsville $2,351 13%
Afton $1,788 -14%
Alamo $2,410 15%
Alcoa $1,687 -19%

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The best-reviewed homeowners insurance companies in Tennessee

grow Bureau, Shelter and USAA all provide Tennessee homeowners with ace customer serve .
When shopping for the correct homeowners insurance company, it ‘s important to consider the tied of care and avail you ‘ll receive. Two factors we consider to determine the quality of an insurance company ‘s customer overhaul are its NAIC complaint index, which shows the proportional number of complaints a company has received compared to its size, and J.D. Power customer satisfaction scores .

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Company

Rating

Farm Bureau

Shelter

USAA

Erie

State Farm

Farmers

Travelers

Allstate

Common homeowners insurance perils in Tennessee

The most common types of insurance perils in Tennessee are related to severe upwind — specifically wind, hail and deluge. Tennessee is far adequate inland that the country does not get hit by full-force hurricanes often ; however, it ‘s common for the outer bands of major storms to affect the easterly depart of the country .
Tennessee is besides subject to periodic winter storms, where conditions like snow and freezing rain can lead to indemnity claims .

Is wind damage covered by insurance in Tennessee?

Wind damage is one of the most patronize causes of home policy claims nationwide, and Tennessee is no different. fortunately, wind damage is covered by most home policy policies. This is true whether the damage is a broken windowpane or shingles being blown off your roof .

Is flood damage covered by homeowners insurance?

damage from flood is broadly not covered by homeowners insurance policies. If your home floods due to rain or an overflowing body of urine, the lone kind of policy that will protect you is a stand-alone flood policy policy .
You have two independent options for deluge indemnity : a government-sponsored policy through the National Flood Insurance Program ( NFIP ), or a policy from a private insurance company. Policies backed by the NFIP have the like coverages and rates no count which caller you buy from, while the details of individual policies will vary by company .

Are sinkholes covered by home insurance?

Sinkholes are normally not covered by home policy policies. In Tennessee, home indemnity companies are required to offer disjoined sinkhole coverage for an extra price, which protects your harp and personal place .
sinkhole coverage can be costly in bad areas, and companies may ask to inspect your property before providing a quote .

Frequently asked questions

How much is flood insurance in TN?

According to the NFIP, flood indemnity in Tennessee costs $988 per year, on average. The typical policy includes $ 267,000 deserving of coverage.

How much is home insurance in Tennessee?

The average cost of homeowners policy in Tennessee is $2,087 per year or $ 174 per calendar month.

Why is homeowners insurance so expensive in Tennessee?

home indemnity in Tennessee can be expensive because of the department of state ‘s photograph to severe upwind events like hail, tornadoes and sinkholes. Homeowners insurance is $ 592 more expensive per class in Tennessee than the national average, which is $ 1,495.

How much is homeowners insurance in Nashville?

The average price for home insurance in Nashville is $ 1,948 per year, which is 7 % less than the state average. In comparison, homeowners in Memphis can expect to pay $ 2,536 — 21 % more than the median pace in Tennessee.

Methodology

For our analysis, we collected indemnity quotes from eight of the top policy companies in Tennessee for every ZIP code in the country. We based our quotes on a home built in 1988 with $ 279,100 of dwelling coverage, which represents the median year homes were built and the median home prize in the state of matter. The companies we surveyed are :

  • Allstate
  • Erie
  • Farm Bureau
  • Farmers
  • Shelter
  • State Farm
  • Travelers
  • USAA

ValuePenguin ‘s analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only — your own quotes may be different .
Insurer service ratings are based on National Association of Insurance Commissioners ( NAIC ) ailment index scores, J.D. Power ‘s 2021 home policy customer atonement review rankings and our own ValuePenguin editor program ‘s ratings .

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