Best Homeowners Insurance In Tennessee To Cover Your Home (Rates From $145/month!)

Written By Licensed Agent Sa ElJuly 25, 2022

If you’re one of the 68% of Tennessee residents looking for the best homeowners insurance rates, you’ve come to the right place! This post will cover everything you need to know about homeowners insurance in Tennessee, including average rates and how to get free online home insurance quote.

So whether you’re just starting your search or you already have a policy and are looking for a better deal, keep reading for the best information on homeowners insurance in Tennessee.

Progressive | Best Home Insurance Overall


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Progressive is an A+ Superior rated company and is known as one of the most ethical insurance companies. Along with helping you shop around for coverage, they also have the "Name Your Price" tool which creates quotes based on your budget. 

More Of The Best Home Insurance Companies In Tennessee

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Policy Genius is an online insurance marketplace and is our #2 pick.

Best For First Time Home Insurance Buyers


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Lemonade is backed by A+ rated North American, and is our #3 Pick.

Best For Instant Online Approvals


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Hippo is backed by A- Rated TOPA Insurance, and is our #4 pick.

How Much Is Home Insurance In Tennessee?

Based on our research, the average cost of homeowners insurance in Tennessee is $145 per month or $1,740 per year based on home-dwelling coverage limits between $200,000 and $250,000.

What Factors Help Determine Your Tennessee Home Insurance Rates?

The cost of homeowners insurance in Tennessee will vary depending on several factors, such as:

Where you live - The cost of homeowners insurance will vary from city to city, based on factors like fire hazards and crime. Mounting security measures, such as security cameras or living in a gated community, can also help lower your costs.

Your deductible - A higher deductible usually means lower monthly payments. Would you prefer to pay less monthly and more at once, or would you instead spend more monthly and a lower deductible if you need to use your coverage? It depends on what is best for your budget and your personal belongings.

How much coverage you need - What items are you covering? If your belongings have a value that exceeds the minimum coverage, you might want to increase your homeowners insurance policy limit. However, such a change might increase the cost of your home insurance plan.

Other items that help determine your Tennessee home insurance rates are:

  • The price of your home and the cost to rebuild it.

  • Your home's age and condition.

  • Home security and safety features.

  • Having a good credit history.

What Should You Look For When Comparing The Best Home Insurance In Tennessee?

Although it may not be the most exciting task, comparing homeowners insurance policies is essential for being a responsible homeowner. And while there are many factors to consider, a few key points should be at the top of your list. First and foremost, you’ll want to make sure that the policy you’re considering covers the replacement value of your home.

For example, if you have a $250,000 limit on your policy, that means the insurer will only pay out up to $250,000 in the event of a covered claim. If you have a $1,000 deductible, you will need to pay the first $1,000 of any covered claim yourself.

Be sure to review your policy limits and deductibles carefully to make sure they fit your needs. In addition, be sure to ask about any discounts available. Many insurers offer discounts for bundling your home and auto insurance, installing hurricane shutters, or updating your electrical system.

What Is The Cheapest Homeowners Insurance Company In Tennessee?

If you’re looking for the cheapest homeowners insurance company in Tennessee, look no further than Progressive. They offer various discounts, including multi-policy discounts, that can save you money on your premium. In addition, they have a wide range of coverage options so that you can tailor your policy to your specific needs. Plus, their customer service is top-notch, and they have an A.M. Best rating of “A+,” so you can be sure you’re getting a quality policy. So if you’re looking for the best value for your money, be sure to get a quote from Progressive.

THE SIMPLY INSURANCE WAY

Homeowners Insurance made easy!

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get homeowners insurance coverage within minutes of getting your quotes and applying.

What Does Homeowners Insurance Cover In Tennessee?

Home insurance covers your personal property and liability if you are legally liable for injuries or damages caused to someone else. Below we go over each area of coverage in more detail.

Dwelling Coverage

This type of coverage is used to repair or rebuild your home when damage from a covered loss to the physical structure of your home happens. You should always base the cost to rebuild your home if you purchase dwelling coverage, and if the price goes up based on third-party situations, you will be covered.

Other Structures Coverage

Other structures coverage covers damage to detached structures that are still a part of your property, such as gates, a dog house, or a fence. It’s best to know how the homeowners insurance Tennessee coverage levels will work for other structures, especially when you start dealing with things like hurricane damage.

Personal Property Coverage

Personal property coverage can cover you if personal items in your home are damaged, stolen, or destroyed, like furniture and clothes. However, this coverage will not protect your car or motorcycle; you will need to reach out to your auto insurance or car insurance company for that coverage.

Loss Of Use (also called Additional Living Expenses – ALE)

Loss of use coverage means that if something happens to your home and you cannot live there because of the damage, your insurance company will reimburse your living costs.

Personal Liability Coverage

Personal Liability Protection coverage will kick in if you or your household are personally responsible for causing bodily harm or property damage to others.

Actual Cash Value Vs. Replacement Cost

One of the most confusing aspects of purchasing homeowners insurance is the differences between replacement cost coverage and actual cash value coverage.

Replacement Cost homeowners insurance will pay you the cost of replacing your belongings, whereas actual cash value homeowners insurance pays what they are worth at a specific time.

There are typically two significant distinctions between these policies:

  • Replacement Cost Coverage - Your home is fully covered with replacement cost homeowners insurance and only partially covered under Actual Cash Value.

  • Actual Cash Value Coverage - Actual Cash Value Coverage is often cheaper and can be used for people who want their property insured but don't care for their items as much.

It’s always best to go with a policy with the replacement cost benefit because it will give you maximum protection. You should ask your insurance company which coverage is offered under their policy and the different costs.

THE SIMPLY INSURANCE WAY

Homeowners Insurance made easy!

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get homeowners insurance coverage within minutes of getting your quotes and applying.

What Items Will Homeowners Insurance Cover In Tennessee?

In Tennessee, homeowners insurance covers your physical home, such as your roof or structural damage. It also covers things attached to your physical home (dog house), everything you own that’s portable, temporary housing if your home becomes uninhabitable, and injuries sustained by other people at your home.

Coverage options include things such as:

  • Clothing

  • Computers

  • Other Electronics

  • Appliances

  • Jewelry (up to a limit)

  • Medical expenses and legal fees if someone is injured on your property

  • Accidental damage to someone else's property

  • Weather - damage from the weight of snow, frozen pipes, lightning, or windstorms.

What Type Of Damage Do Home Insurance Companies Cover In Tennessee?

The types of damage that a homeowners insurance policy would cover in Tennessee are:

  • Fire

  • Riots

  • Smoke Damage

  • Vandalism

  • Theft

  • Windstorm

  • Water Damage

  • Visitor injuries

  • Vehicle impact (to property)

  • Damage from the weight of snow

  • Frozen Pipes

  • Lightning

What to do if a natural disaster in Tennessee damages your home?

No one ever wants to think about their home being damaged by a natural disaster. However, it’s essential to know what to do next if it does happen. The first step is to contact your insurance company and start the claims process.

Then, you’ll need to gather all of the necessary documentation, including photos of the damage and a list of repairs that need to be made. Once the insurance adjuster has approved your claim, you can begin making repairs. It’s essential to keep track of all expenses to be adequately reimbursed.

And finally, don’t forget to take care of yourself during this stressful time. Seek out support from family and friends and take some time for yourself. Remember, You can rebuild your home, but you can’t replace your well-being.

Does Homeowners Insurance Cover Floods In TN?

Homeowners policies rarely include Flood coverage, but it is a must for some homeowners. Flood coverage differs from Homeowners insurance because most Homeowners’ policies specifically exclude water damage that results from rising water.

How Much Is Flood Insurance In Tennessee?

According to Neptune Flood, the average cost of flood insurance is about $700 per year or $58.00 per month. Still, the price varies depending on several factors, including your geographical area and how much coverage you are looking for. Floods from a high-risk area may even exceed the entire value of your home.

How Much Is Coverage Through The National Flood Insurance Program?

The average cost of flood insurance is about $771 a year, or $64 a month through the National Flood Insurance Program (NFIP). However, they are in the process of updating how they calculate risk and monthly premiums.

When is FEMA changing the risk rating system?

On or after October 1, 2021, new policies are priced under Risk Rating 2.0: Equity in Action. From October 1, 2021, through March 31, 2022, existing policies may be able to renew under the Risk Rating 2.0: Equity in Action methodology. Policies effective on or after April 1, 2022, will be renewed under Risk Rating 2.0: Equity in Action.

How Will This New Rating System Affect NFIP flood insurance premiums?

Under Risk Rating 2.0: Equity in Action, most policyholders (96%) will see decreases or increases of no more than $20 per month. Policyholders who have premium decreases will immediately transition to the lower rate when their policies renew. Policyholders who have premium increases will see their rates transition gradually, with most annual increases capped at 18%. Premiums will only increase until the full-risk rate is reached.

What Does Homeowners Insurance Not Cover In Tennessee?

Tennessee homeowners insurance offers comprehensive coverage, but there are a few things your home insurance policy won’t cover that you should consider before purchasing a policy.

  • Earthquake Damage
  • Flood damage
  • Sinkhole Damage (In certain states)
  • Landslides & Mudflow Damage

It’s important to know what your policy won’t cover before you purchase. Call an agent or the company if there are any unclear questions.

INSURANCE WHERE YOU LIVE

Home insurance by state.

Is Homeowners Insurance Required By Law In Tennessee?

Although Tennessee has no laws that require homeowners to buy insurance, the smartest thing you can do for your home is get a policy.

Your home purchase will be one of the most significant investments, so not covering it with insurance would be a huge mistake.

Also, keep in mind that just because it isn’t required by law, it doesn’t mean your mortgage lender or condo association won’t need it.

Can A Mortgage Lender Require Home Insurance Coverage In Tennessee?

Yes, before you can officially buy your home, your mortgage lender will require that you purchase homeowners insurance.

Once you pick the insurance company that you think would be best to cover your newly bought home, they’ll tell you your premium, and you’ll set your coverage to begin on the day of your closing.

Your lender will want you to have homeowners insurance lined up and ready to go before you come to the closing.

THE SIMPLY INSURANCE WAY

Homeowners Insurance made easy!

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get homeowners insurance coverage within minutes of getting your quotes and applying.

How To Find The Cheapest Home Insurance In Tennessee?

Applying for homeowners insurance in Tennessee is easy and can take just a few minutes.

The best way to get quotes and apply for coverage is online because most of the cheapest homeowners insurance companies have a free online process that will deliver a quote within seconds or minutes.

However, you can still reach out to a licensed insurance agent if you need assistance.

Here’s how to get the most affordable Tennessee homeowners insurance rates:

  1. Get Your Personal Information Together. You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you live in and what coverage you need. 

  2. View Your Instant Quote. Once you have your info, you want to click here or any of the above buttons to start the quote process. Once you have your quotes and pick the best coverage option for you, it's time to get covered.

  3. Start Your Online Application. Once you have all of your personal information together, your next step will be to start the application. Again, this will be easy by following the prompts after you complete your quote. 

  4. Pay For Your Policy & Print Your Proof Of Insurance. Once your policy has been approved and paid for, print out your proof of insurance, and you're covered.

Taking Action

There is honestly no need to wait around if you need insurance for your home. You can find the best homeowners insurance company in Tennessee and purchase coverage through our site immediately by clicking here.

Whether you’re looking for cheap rates or something more specialized like wind damage protection, we have an option that will work perfectly for you!

Frequently Asked Questions About Tennessee Home Insurance Companies

How much is home insurance a month in Tennessee?

The average cost across Tennessee for homeowner’s insurance was $145.00 per month. However, your final costs will depend on various factors, including the type of home you live in, the coverage amount you choose, the home insurance company you choose, and what deductible you pick.

Who has the best homeowners insurance in Tennessee?

Progressive has the best standard homeowners insurance policy Tennessee. They have a range of options to choose from, and their rates are very competitive. Plus, they offer a discount if you have multiple policies with them. If you’re looking for the best homeowners insurance in Tennessee, Progressive is the way to go.

Who has the cheapest homeowners insurance in Tennessee?

This is going to depend on your needs; the company that will have the cheapest insurance in Tennessee for you will depend on several factors that relate to your home, including the value of your home, the area you live in, what type of home you live in and what kind of coverage you select. Your deductibles and coverage limits will make up a portion of the cost. That’s why it’s crucial to search multiple homeowners insurance companies when you are looking for coverage.

How much is homeowners insurance on a $200000 house in TN?

The average cost of a Tennessee home insurance policy on a $200,000 home in Tennessee is about $145 per month, but you will need to compare homeowners’ insurance quotes as prices will vary depending on the Tennessee insurers you choose and the city or county that you live in.

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