Homeowners in the eastern parts of Tennessee have access to one of the most diverse ecological climate sites on the planet in Great Smoky Mountain National Park. But from Tennessee's tornado season in the spring and fall and heavy rainstorms in the summer months, the weather can also be unpredictable.
The average cost of homeowners insurance in Tennessee is $2,095 per year or $175 a month. This is 19% higher than the national average of $1,754.
However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Tennessee.
Compare the best homeowners insurance companies in Tennessee
Policygenius found the best homeowners insurance companies in Tennessee by analyzing quotes across every ZIP code in the state. We also looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of Tennessee residents to find the best homeowners insurance in the state.
Best overall home insurance in Tennessee: Auto-Owners
Best home insurance for claims satisfaction: State Farm
Best home insurance for customer service: Farmers
Best home insurance for short-term rental owners: Erie
Best home insurance for cheap rates: Allstate
How much is homeowners insurance in Tennessee?
The average cost of homeowners insurance in Tennessee is $2,095 per year, or $175 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Tennessee is more expensive than the national average cost of $1,754 per year.
Tennessee homeowners insurance rates by city
Home insurance costs in Tennessee can vary widely depending on where you live. For example, home insurance in Memphis costs $2,197 per year, while in Brentwood the average cost of coverage is just $1,745 per year.
Here’s a look at the average cost of home insurance in the 20 largest cities in Tennessee.
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Tennessee homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Tennessee for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Cheapest homeowners insurance companies in Tennessee
Looking at average home insurance costs for the 15 most popular insurers in Tennessee, we found that the cheapest homeowners insurance companies in Tennessee are State Auto, Westfield, Allstate, and USAA.
Cheapest Tennessee homeowners insurance if you have poor credit
The cheapest homeowners insurance company in Tennessee for residents with poor credit is Tennessee Farmers.
If you have a poor credit score, your homeowners insurance rates will be higher. Insurance companies charge higher premiums to homeowners with lower credit scores because they believe these policyholders are more likely to make future claims.
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Cheapest Tennessee homeowners insurance if you have an older home
Older and historic homes are usually more expensive to insure than newer homes. Insurers consider them a higher risk because they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code.
Here are the cheapest home insurance options in Tennessee for a 50-year-old home.
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Cheapest Tennessee homeowners insurance if you have a history of claims
One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more claims later on.
Here are the cheapest home insurance companies in Tennessee for a homeowner with three claims within a five-year period.
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Coverage options in Tennessee
When buying homeowners insurance in Tennessee, you should be aware of what your policy does and doesn’t cover. There are a few additional types of insurance you may need to consider getting to protect against the state’s flooding, wildfires, and tornadoes.
Most homeowners insurance policies don’t cover flood damage, so Tennessee residents in at-risk areas should consider flood insurance on top of their regular insurance policy.
In addition to comparing home insurance quotes, homeowners in Tennessee can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.
From 2010 to 2022 Tennessee experienced 452 tornadoes.  Although homeowners insurance usually covers wind and tornado damage, be sure you have enough insurance to rebuild your home if it's destroyed in a tornado by adding replacement cost coverage to your policy.
Since Tennessee has a high number of tornadoes compared to other states, it's possible that a company won't cover wind damage or may charge a separate deductible after a tornado damages your home. In this case, you could get a separate windstorm policy — or find another company that does cover wind damage.
It's important for homeowners in Tennessee to be prepared for stronger and more frequent wildfires. While most home insurance policies cover fire damage, consider adding replacement cost coverage to be sure you can fully rebuild your home after a fire.
You may have a hard time getting coverage if you live somewhere that's prone to wildfires. If this is the case, you could get coverage from a surplus lines carrier or take steps to lower your fire risk:
Creating a defensible space around your home by removing flammable vegetation
Raking or removing any dead leaves or brush from your roof, gutter, or yard
Installing a fire-resistant “Class A” roof
Installing dual- or triple-paned windows
How to buy homeowners insurance in Tennessee
Homeowners in Tennessee have many great options when it comes to home insurance. To help make the process easier, be sure to follow the five steps below.
Reach out to a licensed Policygenius agent. Our team of licensed home insurance experts will help you find the right policy to suit your coverage needs, all while saving you time and money.
Ask if you should purchase flood coverage. With Tennessee's unpredictable weather, homeowners in high-risk floodplains should talk to a Policygenius agent about purchasing flood insurance.
Figure out how high of a deductible you can afford. A higher deductible means you’ll pay less upfront for home insurance, but it also means you'll pay more when it comes time to file a claim. A Policygenius agent can help you choose a deductible that works within your budget.
Compare quotes from a Policygenius agent. Once you identify your coverage needs and input a few brief details about you and your house, a Policygenius agent will send over quotes from several top companies.
Sign on the dotted line and pay your first premium. After you’ve settled on a home insurance policy that works for you, all you need to do is sign and pay your first premium. Policygenius will handle the rest.