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Catherine Hiles is a freelance writer covering insurance, personal finance, and home improvement. Her work has been published in TIME, The Penny Hoarder, BobVila.com, Tom's Guide, and Angi. She has a bachelor's degree in communication studies from the University of Chester in the United Kingdom and is a Certified Financial Education Instructor. Catherine lives in Ohio with her husband, two children, and two energetic dogs.
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
)
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Table of contents
Homeowners insurance in Tennessee costs an average of $2,940 per year for $300,000 in dwelling coverage and a $1,000 deductible. That’s higher than the national average of $2,544 for a similar policy.
Tennessee is prone to wildfires, flooding, tornadoes, and other hazards that can damage or destroy your home and belongings.[1] Homeowners insurance helps protect your investment from these and other covered events.
Learn how to compare home insurance quotes and find the best homeowners insurance in Tennessee for your unique needs.
Westfield, Allstate, and Erie are three of the top home insurance companies in Tennessee.
The cheapest home insurance company in Tennessee is Westfield, with an average monthly premium of $122 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Tennessee homeowners in high-risk flood zones may need to purchase a separate flood insurance policy.
Best home insurance companies in Tennessee
Many quality home insurance companies serve Tennessee homeowners, making it challenging to choose the right one. Ultimately, the best home insurance company for you depends on the type and amount of coverage you need.
The following are some of the top home insurance companies in Tennessee to get you started.
Westfield: Best for cheap rates
cheap rates
Westfield
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | NR |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | NR |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $122/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $174/mo |
Westfield has some of the lowest homeowners insurance rates in Tennessee, making it a top choice for the two in three Tennesseans who own their homes. You can tailor your policy to include additional coverages, like equipment breakdown coverage, identity theft coverage, cyber insurance, and inland flood insurance.
And if you own a high-value home, you can opt for the WesPak Estate bundle. This all-in-one policy includes homeowners insurance, auto insurance, identity theft coverage, roadside assistance, and more.
Low average homeowners insurance rates in Tennessee
Policies for high-value homes
Excellent AM Best financial strength rating
Not rated for customer satisfaction by J.D. Power
Can’t purchase a policy online
Fewer online tools than other insurers
Allstate: Best for flood coverage
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A- |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $157/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $218/mo |
Allstate offers two types of flood coverage: private flood insurance through Beyond Floods and public coverage through the National Flood Insurance Program (NFIP). If you live in an area of Tennessee with any flood risk, it’s wise to purchase flood insurance.
To help lower your premiums, Allstate also offers numerous home discounts, including multi-policy, claim-free, loyalty, and protective device discounts.
Choice of private or NFIP flood insurance
Many available discounts
Superior AM Best financial strength rating
Below-average J.D. Power customer satisfaction rating
30-day waiting period for NFIP coverage to start
Low rating and negative reviews on Trustpilot
Erie: Best for bundling
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.4/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $314/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $426/mo |
Erie Insurance offers a multi-policy discount ranging from 15% to 25%, with the average bundling discount at 20%. That’s a significant savings when you bundle your home and auto insurance.
Erie also offers Guaranteed Replacement Cost coverage. This means if a covered peril destroys your home, Erie will rebuild it to its former glory — even if the total cost exceeds your policy limits.
Flexible bundling discount of up to 25%
Available guaranteed replacement cost coverage
High J.D. Power customer satisfaction rating
Higher average premiums than some insurers
No online quotes, and you can’t buy a policy online
Fewer discounts than some competitors
State Farm: Best for customer experience
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $214/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $290/mo |
State Farm ranks above average for customer satisfaction in J.D. Power’s home insurance study. The insurer has local agents in 144 cities across Tennessee, so you can find personalized service no matter where you live.
State Farm is the largest provider of homeowners insurance in the U.S. by market share. It also has a Superior (A+) financial strength rating from AM Best.
Above-average J.D. Power customer satisfaction rating
Widespread insurance agent presence in Tennessee
Superior AM Best financial strength rating
Fewer discounts than some competitors
Higher average premiums than some insurers
Website doesn’t list all endorsement options
USAA: Best for veterans
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $128/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $183/mo |
If you’re one of the more than 440,000 veterans living in Tennessee, USAA might be your best choice for homeowners insurance. Not only does the insurer have low premiums, but it also includes replacement cost coverage for all policyholders. That means the company will replace your belongings at today’s value with no depreciation.
Additionally, USAA covers military uniforms with no deductible for active-duty members and waives your personal property deductible in cases of war.
Lowest average premiums
Standard replacement cost coverage
Additional benefits for military members
Available only to military members, veterans, and their families
Fewer discounts than some competitors
Limited customer service hours
Our editorial team analyzed dozens of regional and national home insurance companies that sell policies in Tennessee to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in Tennessee
Homeowners insurance can vary in cost, so it’s essential to shop around and find the cheapest company for your situation. At $122 per month, Westfield has the lowest average prices in Tennessee for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The table below shows several other cheap Tennessee home insurance companies to consider.
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company | Average Annual Premium |
|---|---|
| Westfield | $1,464 |
| USAA | $1,536 |
| Allstate | $1,884 |
| Travelers | $2,172 |
| State Farm | $2,568 |
| Auto-Owners | $2,592 |
| Foremost | $2,760 |
| Erie | $3,768 |
| Farmers | $4,068 |
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How much does homeowners insurance cost in Tennessee?
Homeowners insurance in Tennessee costs an average of $2,940 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. Your policy’s costs can vary based on several factors, including:[2]
Hurricane exposure
Eastern Tennessee is susceptible to hurricanes, as demonstrated by Hurricane Helene in 2024, which caused widespread flooding.
Flood risk
River cities like Memphis, Nashville, Chattanooga, and Knoxville are more prone to flood damage than others.
Wildfire risk
Tennessee has a medium wildfire risk, particularly in the eastern half of the state. Living in an area prone to wildfires can increase your home insurance premiums.
Earthquake risk
Tennessee has two seismic zones, one in the east and the other in the west. An earthquake insurance policy helps protect your home in the event of an earthquake.
Home construction type
Wood homes often cost more to insure than brick homes.
Deductible choices
Choosing a higher deductible can lower your homeowners insurance premiums.
Cheapest home insurance companies in Tennessee by dwelling coverage
Dwelling coverage pays to repair or rebuild your home if a covered peril damages or destroys it. The higher your dwelling coverage limits, the more you’ll pay in premiums.
The following table shows dwelling coverage costs in Tennessee by insurance company across different coverage levels.
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company | Average Annual Premium |
|---|---|
| USAA | $1,188 |
| Westfield | $1,248 |
| Travelers | $1,536 |
| Allstate | $1,584 |
| Foremost | $1,740 |
| State Farm | $2,052 |
| Auto-Owners | $2,076 |
| Erie | $2,532 |
| Farmers | $3,108 |
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Westfield | $1,464 |
| USAA | $1,536 |
| Allstate | $1,884 |
| Travelers | $2,172 |
| State Farm | $2,568 |
| Auto-Owners | $2,592 |
| Foremost | $2,760 |
| Erie | $3,768 |
| Farmers | $4,068 |
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Westfield | $2,088 |
| USAA | $2,196 |
| Allstate | $2,616 |
| Travelers | $3,432 |
| State Farm | $3,480 |
| Auto-Owners | $3,624 |
| Foremost | $4,980 |
| Erie | $5,112 |
| Farmers | $5,964 |
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company | Average Annual Premium |
|---|---|
| USAA | $2,904 |
| Westfield | $3,036 |
| Allstate | $3,684 |
| State Farm | $4,656 |
| Travelers | $4,692 |
| Auto-Owners | $4,980 |
| Erie | $7,620 |
| Farmers | $7,668 |
| Foremost | $7,800 |
Tennessee homeowners insurance cost by city
The cost of homeowners insurance in Tennessee depends on which city you live in. Some cities, especially in or around the Smoky Mountains, have a higher risk for wildfires, which can increase your premiums.
Others, like Nashville, have a higher risk of water damage and flooding due to their proximity to rivers, lakes, or other bodies of water. Certain areas in large cities, such as Memphis, may have a higher risk of property crime, which can lead to increased premiums.
The following table shows the average yearly premium by city for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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City | Average Annual Premium |
|---|---|
| Knoxville | $1,932 |
| Chattanooga | $2,054 |
| Nashville | $2,166 |
| Memphis | $3,039 |
What homeowners should know about insurance in Tennessee
From windstorms and wildfires to flooding, various perils could damage your Tennessee home. These are three of the biggest dangers to be aware of in the Volunteer State:
Flooding
Snowmelt, pop-up thunderstorms, and even tropical storms can cause flooding in Tennessee. Floodwater can cause catastrophic damage. After the 2024 flooding caused by Hurricane Helene in northwest Tennessee, the Tennessee Emergency Management Agency estimated $135 million in property damage in Carter County alone.
Standard homeowners insurance doesn’t cover flooding. You’ll need a separate flood insurance policy, which you can buy through a private homeowners insurance company or the NFIP.
Tornadoes
The National Weather Service reports that Tennessee averaged 31 tornadoes per year between 1995 and 2024. Tornadoes can cause expensive damage to your home.
A standard homeowners policy typically covers tornado damage. But your policy might have a separate deductible for windstorm damage.[3] Check with your insurer to verify your coverage.
Wildfires
Tennessee experienced 772 wildfires in 2023, with a total of 15,394 acres burned. U.S. Forest Service scientists found that the warming climate causes fire season to start earlier in the spring and last longer into the fall.
Some parts of Tennessee, including the east and southwest, have a higher likelihood of wildfire than others. While homeowners insurance typically covers wildfires, make sure that you have enough home insurance coverage to rebuild your home and replace your belongings if a wildfire destroys your property.
How much homeowners insurance do you need in Tennessee?
The State of Tennessee doesn’t require homeowners insurance, but your mortgage lender will. Even if you own your home outright, property insurance is a smart purchase to protect your investment.[4]
To determine how much homeowners insurance you need, consider the cost of rebuilding your home if a tornado, fire, or other major disaster destroys it.
You’ll also need adequate personal property coverage, which pays to replace your belongings, including furniture, clothes, tools, and electronics.
Personal liability insurance protects you if you injure someone or damage their property. Similarly, medical payments insurance covers small medical bills if a visitor is injured in your home.
If you need to temporarily move out of your home after a covered loss, additional living expenses (or loss of use) coverage helps pay for hotel rooms and related expenses.
In addition to buying enough homeowners insurance coverage, check what your home insurance covers. You may need to buy extra coverage for high-value items like jewelry, collectibles, computers, and antiques.[5]
Find Cheap Home Insurance in Tennessee
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How to contact the Tennessee Insurance Division
The Tennessee Insurance Division oversees insurance professionals across the state. You can contact the Tennessee Insurance Division to file a complaint, request public records, or give website feedback. Here’s how:
Phone: 1 (615) 741-2241
Mail: 500 James Robertson Parkway, Nashville, TN 37243
Tennessee homeowners insurance FAQs
Answers to frequently asked questions can provide more information on choosing the best Tennessee homeowners insurance for you.
How much is home insurance in Tennessee?
The average cost of homeowners insurance in Tennessee is $2,940 per year for $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. Your exact cost depends on your coverage needs, among other factors.
Which company has the cheapest homeowners insurance in Tennessee?
The cheapest homeowners insurance company in Tennessee is Westfield, with an average annual premium of $122 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Shop around with several insurers to find the best price and coverage for you.
Does Tennessee require homeowners insurance?
No. Tennessee doesn’t require homeowners insurance. But if you have a mortgage, your lender will likely require you to buy a home insurance policy. Homeowners insurance covers a lender’s investment if a covered event damages or destroys your home.
How can you lower your home insurance premiums in Tennessee?
You can lower your home insurance premiums in Tennessee by doing the following:
Increasing your deductible
Bundling your home and car insurance
Bolstering your home’s resistance to natural disasters
Increasing your home security
Taking advantage of home insurance discounts
How much is insurance on a $400,000 house?
Homeowners insurance on a $400,000 house in Tennessee costs an average of $3,696 per year. Your actual cost depends on your insurer and the coverage amount you purchase.
What is the best homeowners insurance company in Tennessee?
The best homeowners insurance companies in Tennessee include Westfield, Allstate, Erie, State Farm, and USAA. Depending on your needs, you might find the best policy with another insurer in the state.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- Tennessee Emergency Management Agency. "Tennessee Threats."
- Tennessee Government. "Focus on Homeowners' Insurance."
- Insurance Information Institute. "Background on: Hurricane and windstorm deductibles."
- Insurance Information Institute. "Can I own a home without homeowners insurance?."
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
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Catherine Hiles is a freelance writer covering insurance, personal finance, and home improvement. Her work has been published in TIME, The Penny Hoarder, BobVila.com, Tom's Guide, and Angi. She has a bachelor's degree in communication studies from the University of Chester in the United Kingdom and is a Certified Financial Education Instructor. Catherine lives in Ohio with her husband, two children, and two energetic dogs.
)
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
)
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in
)
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