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Best Home Insurance in Tennessee 2023

author-photoWritten by Dan Marticio
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Dan Marticio

Dan Marticio is an insurance specialist for SmartFinancial. His past experience writing in small business and personal f...

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editor-photoEdited by Fran Majidi
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Fran Majidi

Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about i...

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Updated February 20, 2023

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Living in Tennessee, you are exposed to tornadoes, storms and other perils. Homeowners insurance can keep your property and belongings protected. Tennessee residents pay $1,804.86 per year, on average, for home insurance — this is notably higher than the national average.

If you're seeking home insurance but don't know which carrier to choose, SmartFinancial is here to help. SmartFinancial analyzed rates, coverages and third-party scores to bring you the best home insurance options in Tennessee.

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Best Home Insurance Companies in Tennessee

When choosing our top picks, SmartFinancial considered Tennessee homeowners insurance rates, coverages and JD Power customer satisfaction scores. The rates for each company below are based on $250,000 dwelling coverage.

Company

Best for

Score*

Allstate

Best for cheap quotes

829

Erie

Best for overall customer satisfaction

835

USA

Best for military families

882

*Companies were chosen based on reviews and JD Power scores out of 1,000.

Tennessee residents pay $1,804.86 per year, on average, for home insurance

Best for Cheap Quotes: Allstate

Based on our data, Allstate returned the cheapest quotes, on average, across all dwelling values. Costing $1,227.08 per year, on average, Allstate policy prices are 32% below the statewide average. Allstate also offers home insurance discounts, allowing Tennessee homeowners to further lower their insurance premiums. Taking a multi-policy with home and auto insurance can net you up to a 25% discount.

  • Discounts: Bundle with another policy; automatic payments; home security systems; early renewal

Best for Overall Customer Satisfaction: Erie

Among all the insurance companies we analyzed, Erie Insurance ranked the third highest on J.D Power's 2021 home insurance study for overall customer satisfaction. Their NAIC complaint index of 0.62 for homeowners insurance policies also suggests great customer service — Erie's number of complaints are lower than what would be expected for a company its size.

Costing $1,629.01 per year, on average, Erie offers perks to their customers that may be unavailable with other insurance companies. For example, their base policy may include 100% guaranteed replacement coverage, fewer exclusions on personal property coverage and higher coverage limits on valuables.

  • Discounts: Bundle with another policy; install security systems; early renewal

Best for Military Families: USAA

USAA can be an ideal home insurance solution if you have a family member who is a veteran or active military. USAA quoted annual premiums of $1,725.59 per year, on average. As a USAA customer, you enjoy benefits unique to military families. For example, soldiers enjoy personal property coverage, even while deployed. If their uniforms or equipment suffer a covered loss, then they may not be required to pay a deductible.

Cost of Homeowners Insurance in Tennessee

Tennessee home insurance costs $1,804.86 per year, on average, for $250,000 dwelling coverage — 49% more than the national annual average ($1,213.89). Actual rates, however, can change based on your insurance company, dwelling coverage and county, among other factors. Due to this, the premiums below should be used only for comparative purposes.

Costing $1,227.08 per year, on average, Allstate policy prices are 32% below the statewide average.

Cheapest Home Insurance Companies in Tennessee

As mentioned, Allstate returned the cheapest quotes, on average, across all the dwelling values we researched. Costing $1,227.08 per year, on average, for $250,000 dwelling coverage, Allstate customers pay 32% less on home insurance when compared to the statewide average. Conversely, homeowners pay the most on home insurance when insured by State Farm ($2,662.57 per year).

Company

$250K Dwelling Coverage

$350K Dwelling Coverage

$450K Dwelling Coverage

Allstate

$1,227.08

$1,448.55

$1,706.83

Erie

$1,629.01

$2,183.27

$2,712.72

USAA

$1,725.59

$2,138.40

$2,518.83

Farmers

$1,780.08

$2,428.06

$3,111.68

State Farm

$2,662.57

$3,224.95

$3,919.11

Average Cost by Dwelling Value

The higher your dwelling coverage — the cost to rebuild your home — the higher your home insurance premiums. To compare, SmartFinancial analyzed four levels of dwelling coverage. With $150,000 dwelling coverage, average annual premiums came out to $1,301.05. With $450,000 dwelling coverage, the cost of home insurance increases to $2,793.83 per year, on average — a near $1,500 difference.

average annual premium by dwelling value for tennessee

Average Cost by County

SmartFinancial compiled quotes across 95 counties and discovered a wide range of premiums. Meigs County returned the cheapest quotes, on average, at $1,288.56 per year for $250,000 dwelling coverage — 29% below the statewide average. Conversely, homeowners in Lake County pay the most on home insurance, on average, at $2,441.88 per year (20% above the statewide average).

County

$250K Dwelling Coverage

$350K Dwelling Coverage

$450K Dwelling Coverage

Anderson

$1,646.77

$2,075.32

$2,533.74

Bedford

$1,994.28

$2,524.76

$3,062.60

Benton

$2,061.07

$2,610.17

$3,187.24

Bledsoe

$1,775.16

$2,253.68

$2,777.88

Blount

$1,546.75

$1,960.04

$2,388.92

Bradley

$1,687.39

$2,140.67

$2,625.62

Campbell

$1,640.97

$2,081.18

$2,545.35

Cannon

$2,128.73

$2,674.27

$3,263.83

Carroll

$2,279.42

$2,892.34

$3,536.60

Carter

$1,516.48

$1,910.96

$2,333.24

Cheatham

$1,843.26

$2,337.20

$2,848.56

Chester

$2,174.13

$2,732.04

$3,338.73

Claiborne

$1,697.18

$2,149.45

$2,630.16

Clay

$2,028.60

$2,576.04

$3,172.56

Cocke

$1,848.34

$2,340.89

$2,869.30

Coffee

$2,140.77

$2,693.67

$3,278.55

Crockett

$2,425.62

$3,088.74

$3,785.88

Cumberland

$1,916.09

$2,417.03

$2,965.63

Davidson

$1,677.84

$2,124.33

$2,589.47

Decatur

$2,285.30

$2,895.99

$3,549.77

Dekalb

$2,025.24

$2,567.97

$3,157.41

Dickson

$1,575.02

$1,990.51

$2,428.49

Dyer

$2,223.07

$2,820.00

$3,454.13

Fayette

$2,190.96

$2,800.08

$3,435.60

Fentress

$2,198.06

$2,782.73

$3,424.50

Franklin

$2,033.97

$2,579.16

$3,153.59

Gibson

$2,143.95

$2,745.29

$3,326.21

Giles

$1,968.94

$2,489.06

$3,038.08

Grainger

$1,634.94

$2,072.46

$2,533.00

Greene

$1,558.57

$1,971.64

$2,409.25

Grundy

$1,938.70

$2,455.83

$2,978.68

Hamblen

$1,498.29

$1,900.12

$2,302.71

Hamilton

$1,561.48

$1,976.19

$2,418.49

Hancock

$1,721.24

$2,183.20

$2,672.72

Hardeman

$2,223.26

$2,776.11

$3,398.73

Hardin

$2,159.85

$2,760.72

$3,382.55

Hawkins

$1,508.08

$1,901.58

$2,319.69

Haywood

$2,001.36

$2,545.00

$3,115.36

Henderson

$2,379.34

$3,016.90

$3,684.64

Henry

$2,235.56

$2,828.82

$3,456.35

Hickman

$2,063.37

$2,621.00

$3,207.40

Houston

$1,897.86

$2,414.10

$2,958.36

Humphreys

$1,755.60

$2,226.58

$2,729.06

Jackson

$2,109.24

$2,685.72

$3,306.52

Jefferson

$1,599.03

$2,032.99

$2,474.25

Johnson

$1,626.65

$2,054.15

$2,509.32

Knox

$1,496.56

$1,892.93

$2,299.86

Lake

$2,441.88

$3,112.56

$3,818.40

Lauderdale

$2,162.80

$2,753.99

$3,374.61

Lawrence

$2,161.37

$2,738.75

$3,354.39

Lewis

$1,961.16

$2,474.76

$3,018.24

Lincoln

$2,098.37

$2,642.23

$3,219.85

Loudon

$1,579.34

$1,999.53

$2,436.01

Macon

$1,794.41

$2,317.49

$2,909.87

Madison

$2,173.47

$2,752.77

$3,354.27

Marion

$1,971.30

$2,493.99

$3,059.49

Marshall

$1,541.44

$1,936.48

$2,427.45

Maury

$1,749.01

$2,204.83

$2,658.41

Mcminn

$1,800.31

$2,274.10

$2,797.80

Mcnairy

$2,208.89

$2,803.13

$3,429.83

Meigs

$1,288.56

$1,628.04

$1,986.96

Monroe

$1,708.31

$2,162.99

$2,655.79

Montgomery

$1,617.67

$2,042.59

$2,473.66

Moore

$2,129.04

$2,682.96

$3,269.76

Morgan

$2,067.24

$2,623.96

$3,217.72

Obion

$2,305.27

$2,919.63

$3,572.45

Overton

$1,771.00

$2,250.38

$2,756.34

Perry

$2,194.08

$2,785.28

$3,418.04

Pickett

$2,059.56

$2,611.80

$3,217.80

Polk

$1,662.60

$2,111.52

$2,587.68

Putnam

$1,641.03

$2,077.79

$2,538.23

Rhea

$1,901.10

$2,403.69

$2,967.79

Roane

$1,900.50

$2,411.72

$2,955.27

Robertson

$1,658.93

$2,089.41

$2,534.62

Rutherford

$1,993.76

$2,496.11

$3,019.93

Scott

$2,051.43

$2,600.46

$3,198.63

Sequatchie

$1,873.58

$2,377.56

$2,929.00

Sevier

$1,571.28

$1,983.16

$2,413.10

Shelby

$1,986.99

$2,533.27

$3,125.15

Smith

$1,955.55

$2,473.35

$3,020.16

Stewart

$1,949.88

$2,479.68

$3,040.51

Sullivan

$1,447.37

$1,818.92

$2,217.84

Sumner

$1,700.92

$2,145.69

$2,614.45

Tipton

$1,985.03

$2,534.18

$3,106.63

Trousdale

$2,145.90

$2,712.60

$3,325.80

Unicoi

$1,481.90

$1,863.65

$2,273.46

Union

$1,794.88

$2,273.32

$2,776.14

Van Buren

$2,188.44

$2,788.98

$3,441.96

Warren

$2,145.98

$2,716.30

$3,332.73

Washington

$1,494.66

$1,887.96

$2,300.54

Wayne

$2,140.76

$2,708.32

$3,317.52

Weakley

$2,105.11

$2,665.87

$3,258.03

White

$1,828.22

$2,323.22

$2,846.19

Williamson

$1,715.96

$2,115.33

$2,564.91

Wilson

$1,704.47

$2,151.34

$2,614.84

Compare Home Insurance Rates in Tennessee

Homeowners Insurance in Tennessee

A basic homeowners insurance policy affords you all types of insurance coverage, protecting you against windstorms, falling tree branches, fires and more. Generally, you're covered against all perils unless it is specifically excluded in your policy. Common exclusions include earthquake, mold and flood damage.

The below table summarizes your basic coverages plus additional home insurance coverage options that may be worth purchasing.

Coverage

Description

Dwelling

Covers the cost of rebuilding or repairing your home following a covered loss.

Additional structures

Similar to dwelling coverage, except it covers other structures on your property, such as fences, detached garages and sheds.

Personal property

Pays to replace your personal belongings (e.g., clothes, furniture) following a covered loss. Reimbursement is typically paid at actual cash value (item's value minus depreciation).

Personal liability

Liability coverage pays for legal fees if you're sued because somebody suffered injuries or property damages while on your property.

Loss of use

Pays for additional living expenses while your home is unavailable following a covered loss (e.g., hotel bills are paid for while your home is being rebuilt after a fire).

Medical payments for others (optional)

Pays for other people's medical expenses (e.g., x-rays, surgeries) if they suffer an injury while on your property.

Flood (separate policy)

Pays for flood-related damages. You'll need to buy a standalone flood policy or an insurance rider to gain this additional coverage.

Costing $1,629.01 per year, on average, Erie offers perks to their customers that may be unavailable with other insurance companies.

What Tennessee Homeowners Need To Know

Although Tennessee may not suffer as extreme storms as its neighboring coastal states, your home may still be vulnerable to storm damages. Fortunately, you're covered against ice damage, lightning strikes, wind and hail with a basic home insurance policy. If a powerful storm causes a tree branch to fall on your roof, you're protected against that, as well.

Tennessee experienced an average of 30 tornadoes per year from 1995 to 2020 with a high of 106 tornadoes total in 2011. Although you're generally covered for tornadoes under your "windstorm coverage," you'll still want to take steps to fortify your home, such as bracing your garage doors and installing impact-resistant windows.

Similarly, fires are also covered under your basic home insurance policy but you'll want to ensure you're using safe practices to avoid accidental fires. Fire damages can result in costly repairs and in worst cases — fatalities.

Floods, however, are not covered in a basic policy. With one inch of floodwater potentially resulting in $25,000 in damages according to the National Flood Insurance Program (NFIP), you may want to consider buying a flood policy. You can buy a standalone policy from the NFIP or a cheaper private flood insurance policyl.

How To Find Home Insurance in Tennessee

Home insurance is available from many of the national carriers we listed in this roundup. Many homeowners gravitate toward national carriers for brand name recognition and the financial stability that often comes with their size. However, you may prefer a local insurance provider that better services location-specific insurance needs.

USAA quoted annual premiums of $1,725.59 per year, on average, with benefits unique to military families.

Tennessee Home Insurance FAQs

Is homeowners insurance required in Tennessee?

There is no law in Tennessee requiring homeowners to buy home insurance. If you're financing your home through a mortgage lender, however, your lender may require you to show proof of insurance before closing on the loan. You may also be required to buy flood insurance depending on your home's location.

What is the average cost of homeowners insurance in Tennessee?

Home insurance in Tennessee costs $1,804.86 per year, on average, for $250,000 dwelling coverage. Compared to the national annual average of $1,213.89 per year, Tennessee homeowners pay 49% more on home insurance. Actual insurance rates can vary by multiple factors, including coverage limits, location, insurance company and your home insurance claims history.

What is the cheapest homeowners insurance in Tennessee?

Allstate offers the most affordable home insurance in Tennessee. Costing $1,227.08 per year, on average, for $250,000 dwelling coverage, Allstate customers pay 32% below the statewide average ($1,804.86).

Why is home insurance so expensive in Tennessee?

Tennessee is vulnerable to multiple types of perils, including hail storms, ice, tornadoes, floods and fire. To compensate for these risks, insurance companies may increase home insurance premiums.

Find the Best Homeowners Insurance in the Volunteer State

With home insurance, you're covered against windstorms, hail, fires and other perils that commonly occur in Tennessee. That's why picking the right home insurance company is so essential in protecting your property. If you want to explore options beyond our recommendations in our roundup, SmartFinancial offers free home insurance quotes. After you complete a quick questionnaire, SmartFinancial analyzes rates and coverages from our 200+ insurance partners to match you with a policy that meets your needs and budget. Just enter your zip code below to begin comparing rates.

About the Author
Dan Marticio
Dan Marticio
Home Insurance Expert

Dan Marticio is an insurance specialist for SmartFinancial. His past experience writing in small business and personal finance verticals has earned him bylines on prominent fintech brands, including LendingTree, ValuePenguin, Fundera, The Balance, and NerdWallet. His guides always aim to assist everyday consumers and entrepreneurs make informed decisions about their finances and business.

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