The Best Home Insurance in Tennessee for 2024
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The average cost of homeowners insurance in Tennessee is $2,435 per year. That’s compared to the national average of $1,915.
NerdWallet analyzed data from numerous insurance companies to help you find the best home insurance in Tennessee in the following categories:
Best for affordability: State Farm.
Best for coverage: Erie and Openly.
Best for consumer experience: Nationwide.
The rates in our analysis are estimates based on many factors, so your rate may differ.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Best affordable homeowners insurance in Tennessee: State Farm
Coverage options
Discounts
NAIC complaints
State Farm
Coverage options
Discounts
NAIC complaints
In Tennessee, the average annual premium for State Farm is $2,305, which is well below the state average of $2,435.
State Farm is a great choice for homeowners who like to work directly with a representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.
State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.
Learn more with our State Farm homeowners insurance review.
Best homeowners insurance in Tennessee for coverage: Erie and Openly
Coverage options
Discounts
NAIC complaints
Erie
Coverage options
Discounts
NAIC complaints
Erie offers guaranteed replacement cost for the structure of your home. With this coverage, the company will pay to rebuild your home completely after a disaster, even if the amount exceeds your dwelling limit.
Got a car to insure, too? If you bundle your home and auto insurance with Erie, you could get a discount of upwards of 16%. You may also be able to save if your home has certain safety and security features such as smoke alarms or sprinkler systems.
For more details, read our Erie home insurance review.
Coverage options
Discounts
NAIC complaints
Openly
Coverage options
Discounts
NAIC complaints
Openly offers homeowners insurance with generous coverage. Its policies include guaranteed replacement cost coverage for the structure of your home, which means the company will pay whatever it takes to rebuild your home if it’s destroyed.
Unlike many other insurers, Openly doesn’t have dog breed restrictions that could affect your ability to get liability coverage. It may also be a good bet for homeowners with collections of jewelry or other valuables, with up to $100,000 of blanket coverage available for these items.
Learn more with our Openly home insurance review.
Best homeowners insurance in Tennessee for consumer experience: Nationwide
Nationwide
Coverage options
Discounts
NAIC complaints
Nationwide
Coverage options
Discounts
NAIC complaints
Nationwide offers a robust digital experience for its customers, including a website that makes it easy to manage policies, file and track claims, and set up automatic billing. It also has a highly rated app for Android and iOS that allows customers to file and track claims, review policy documents, and set up autopay.
In addition, Nationwide’s customers have several ways to get assistance, such as reaching out to their agent or calling the company’s customer service hotline. Outside of business hours, they can use the Nationwide website to get proof of insurance, pay bills and schedule callbacks. A chatbot is also available to answer basic questions.
Learn more with our Nationwide homeowners insurance review.
Full list of the best homeowners insurance in Tennessee
NerdWallet analyzed home insurance companies across the state to find the best home insurance in Tennessee. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not available | ||
Not available | ||
Not available | ||
Auto Club Group (AAA) | Not available | |
$2,465 | ||
Not available | ||
$2,455 | ||
Not available | ||
Not available | ||
Not available | ||
$2,305 | ||
$2,755 | ||
USAA* | $1,890 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
How much does homeowners insurance cost in Tennessee?
The average annual cost of home insurance in Tennessee is $2,435. That’s 27% more than the national average of $1,915.
In most U.S. states, including Tennessee, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Tennessee, those with poor credit pay an average of $5,708 per year, according to NerdWallet’s rate analysis. That’s 134% more than those with good credit.
Average cost of homeowners insurance in Tennessee by city
How much you pay for home insurance in Tennessee will depend on your ZIP code. For example, the average cost of homeowners insurance in Nashville is $2,435 a year, while homeowners in Memphis pay an average of $2,945 per year.
City | Average annual rate | Average monthly rate |
|---|---|---|
Antioch | $2,320 | $193 |
Brentwood | $2,235 | $186 |
Chattanooga | $2,305 | $192 |
Clarksville | $2,490 | $208 |
Cleveland | $2,430 | $203 |
Collierville | $2,980 | $248 |
Columbia | $2,585 | $215 |
Cookeville | $2,570 | $214 |
Cordova | $2,945 | $245 |
Crossville | $2,630 | $219 |
Franklin | $2,305 | $192 |
Gallatin | $2,315 | $193 |
Hendersonville | $2,295 | $191 |
Jackson | $3,170 | $264 |
Johnson City | $2,175 | $181 |
Kingsport | $2,050 | $171 |
Knoxville | $2,255 | $188 |
Lebanon | $2,435 | $203 |
Maryville | $2,215 | $185 |
Memphis | $2,945 | $245 |
Mount Juliet | $2,335 | $195 |
Murfreesboro | $2,560 | $213 |
Nashville | $2,435 | $203 |
Sevierville | $2,155 | $180 |
Smyrna | $2,480 | $207 |
The cheapest home insurance in Tennessee
Here are the insurers we found with average annual rates below the Tennessee average of $2,435.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not rated | $1,835 | |
$2,190 | ||
$2,305 | ||
Tennessee Farm Bureau | Not rated | $2,315 |
USAA* | $1,890 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
What to know about Tennessee homeowners insurance
Here are a few things to keep in mind when evaluating home insurance options in Tennessee.
Tornadoes
While most standard homeowners policies cover wind damage, you may have a separate deductible for wind or hail damage. (A deductible is the amount subtracted from your claim payout.)
For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for wind claims. So if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of wind damage yourself.
Flooding
Typically, homeowners insurance policies don’t cover water damage caused by flooding. You’ll need to purchase additional flood insurance if you’re at risk.
To find out how great a chance your home has of flooding, put your address into the Federal Emergency Management Agency's flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if you don’t live in a flood plain, it could be worth buying flood insurance for a little extra peace of mind.
Note that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before your policy takes effect.
Sinkholes
Most standard homeowners insurance policies won’t cover the damage if a sinkhole collapses or starts to form beneath your home. By law, Tennessee homeowners insurance companies must offer you the option to add sinkhole coverage to your policy.
Tennessee insurance department
Tennessee’s Department of Commerce and Insurance oversees the state’s insurance industry. On its site, you can access consumer resources and educational information about insurance. You can also file a complaint against your insurance company online or by mail or fax. For answers to specific insurance questions, call the agency at 800-342-4029.
Amanda Shapland contributed to this story.
NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:
$300,000 in dwelling coverage.
$30,000 in other structures coverage.
$150,000 in personal property coverage.
$60,000 in loss of use coverage.
$300,000 in liability coverage.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Star rating methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.
Complaint methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
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