Best and Cheapest Home Insurance Companies in Tennessee (2026)
State Farm typically has the cheapest home insurance in Tennessee, at $2,020/yr, on average. | ||
Home insurance in Tennessee costs an average of $3,408/yr, making it the 7th-most expensive state in the country. | ||
Homeowners in western Tennessee tend to pay more for insurance, with average rates as high as $4,451/yr in Yorkville. |
State Farm typically has the cheapest home insurance in Tennessee, at $2,020/yr, on average. | ||
Home insurance in Tennessee costs an average of $3,408/yr. But you could pay more than $4,400/yr if you live in certain parts of western Tennessee. |
Find Cheap Home Insurance Quotes in Tennessee
Who has the best cheap home insurance in TN?
Who has the cheapest home insurance in Tennessee?
State Farm has the best home insurance rates for most Tennessee homeowners.
Find Cheap Home Insurance Quotes in Tennessee
- State Farm's home insurance costs between 38% and 56% less than the Tennessee state average, depending on the amount of dwelling coverage you need.
- Allstate is also very affordable, with rates that are 21% to 30% cheaper than average. Allstate offers lots of options for flood-prone homes, so it may be the best choice if you're worried about weather-related flooding.
Cheapest home insurance rates in TN by dwelling coverage amount
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| State Farm | $1,493 | ||
| Farmers | $1,711 | ||
| Farm Bureau | $1,755 | ||
| Allstate | $1,922 | ||
| Shelter | $2,019 | ||
| Westfield | $2,170 | ||
| Auto-Owners | $2,516 | ||
| Erie | $2,650 | ||
| Progressive | $3,279 | ||
| Travelers | $5,555 | ||
| USAA | $1,588 | ||
Key takeaways
Best homeowners insurance in TN for most people: State Farm
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Annual cost$2,020Average rate for a $350,000 home
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Monthly cost$168Average rate for a $350,000 home
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Customer complaints Average
Company | Annual rate | |
|---|---|---|
| State Farm | $1,920 | |
| Allstate | $2,021 | |
| Farm Bureau | $2,754 | |
| Westfield | $2,922 | |
| Farmers | $2,955 | |
| Shelter | $3,067 | |
| Auto-Owners | $3,274 | |
| Erie | $4,097 | |
| Progressive | $4,243 | |
| Travelers | $6,485 | |
| USAA | $2,478 | |
Rates are for a policy with $350,000 of dwelling coverage.
Best TN home insurance company for flood coverage: Allstate
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Annual cost$2,463Average rate for a $350,000 home
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Monthly cost$205Average rate for a $350,000 home
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Customer complaints Average
Company | Annual rate | |
|---|---|---|
| Allstate | $2,284 | |
| State Farm | $2,399 | |
| Farm Bureau | $3,366 | |
| Shelter | $3,669 | |
| Auto-Owners | $3,763 | |
| Westfield | $3,914 | |
| Erie | $5,365 | |
| Progressive | $5,540 | |
| Farmers | $6,484 | |
| Travelers | $7,884 | |
| USAA | $3,075 | |
Rates are for a policy with $350,000 of dwelling coverage.
Company | Annual rate | |
|---|---|---|
| Allstate | $1,632 | |
| State Farm | $1,639 | |
| Farmers | $2,439 | |
| Farm Bureau | $2,617 | |
| Progressive | $2,705 | |
| Westfield | $2,751 | |
| Shelter | $2,753 | |
| Auto-Owners | $2,936 | |
| Erie | $3,201 | |
| Travelers | $5,591 | |
| USAA | $2,211 | |
Rates are for a policy with $350,000 of dwelling coverage.
Best customer service in Tennessee: Erie
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Annual cost$4,264Average rate for a $350,000 home
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Monthly cost$355Average rate for a $350,000 home
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Customer complaints Very low
Best TN homeowners insurance for military families: USAA: USAA
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Annual cost$2,494Average rate for a $350,000 home
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Monthly cost$208Average rate for a $350,000 home
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Customer complaints Low
Top-rated home insurance companies in TN
Tennessee Farm Bureau and USAA are the highest-rated insurance companies for Tennessee homeowners.
Both companies offer a great mix of reliable customer service at an affordable price. However, USAA is primarily only available to military members, veterans and some of their family members.
Best homeowners insurance in TN
Company |
Rating
|
Complaints
|
|---|---|---|
| USAA | Low | |
| Farm Bureau | Low | |
| Allstate | Average | |
| Auto-Owners | Low | |
| Shelter | Low | |
| Farmers | Low | |
| State Farm | Average | |
| Westfield | Low | |
| Erie | Low | |
| Progressive | Average | |
| Travelers | Average |
Erie tends to have better customer service than Farm Bureau, but it's also much more expensive. And State Farm is typically cheaper, but its mixed customer service reviews mean it's not as highly rated by ValuePenguin editors.
How much does homeowners insurance cost in Tennessee?
Homeowners insurance in Tennessee costs an average of $3,408 per year.
Tennessee is the seventh-most expensive state in the country for home insurance. A policy in Tennessee costs $1,013 per year more than the national average of $2,395.
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $2,423 |
| $350,000 | $3,408 |
| $500,000 | $4,453 |
| $1,000,000 | $8,219 |
Home insurance rates in Tennessee are also more expensive than in neighboring states. A policy in Alabama costs an average of $3,254 per year, while home insurance in North Carolina costs $2,566 per year.
Tennessee home insurance rates by city
Colonial Heights, a suburb of Kingsport in northeastern Tennessee, has the cheapest home insurance rates in the state.
A home in Colonial Heights costs around $2,427 per year to insure.
Yorkville, a rural community in western Tennessee, has the most expensive rates in the state at $4,451 per year. This could be because Gibson County, where Yorkville is located, has a higher risk of natural disasters, including tornadoes, than many other parts of Tennessee, according to FEMA.
State Farm is the cheapest company in 85% of cities and towns across Tennessee, including Nashville. Allstate has the lowest rates in 12% of cities, including Memphis and Knoxville, while Farm Bureau is the cheapest option in 2% of towns.
Find Cheap Home Insurance Quotes in Tennessee
Average cost of homeowners insurance in TN by city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Adams | $3,315 | State Farm | $1,997 |
| Adamsville | $3,970 | State Farm | $2,524 |
| Afton | $2,742 | State Farm | $1,581 |
| Alamo | $4,145 | State Farm | $2,527 |
| Alcoa | $2,769 | Allstate | $1,573 |
| Alexandria | $3,448 | State Farm | $2,059 |
| Algood | $3,104 | State Farm | $1,954 |
| Allardt | $3,379 | State Farm | $2,200 |
| Allons | $3,382 | State Farm | $2,047 |
| Allred | $3,190 | State Farm | $2,008 |
| Alpine | $3,258 | State Farm | $2,009 |
| Altamont | $3,924 | State Farm | $2,256 |
| Andersonville | $2,910 | State Farm | $1,776 |
| Antioch | $3,405 | State Farm | $1,969 |
| Apison | $3,048 | State Farm | $1,884 |
| Ardmore | $3,520 | State Farm | $2,255 |
| Arlington | $4,026 | Allstate | $2,339 |
| Arnold AFB | $3,788 | State Farm | $2,008 |
| Arrington | $3,345 | State Farm | $2,090 |
| Arthur | $3,313 | Allstate | $1,573 |
| Ashland City | $3,518 | Allstate | $2,005 |
| Athens | $3,195 | State Farm | $1,955 |
| Atoka | $3,876 | Allstate | $2,249 |
| Atwood | $4,026 | State Farm | $2,503 |
| Auburntown | $3,534 | State Farm | $2,008 |
| Bakewell | $3,679 | State Farm | $2,008 |
| Banner Hill | $2,550 | State Farm | $1,470 |
| Bartlett | $3,922 | Allstate | $2,147 |
| Bath Springs | $4,027 | State Farm | $2,008 |
| Baxter | $3,367 | State Farm | $2,026 |
| Bean Station | $2,797 | Allstate | $1,573 |
| Beech Bluff | $3,990 | State Farm | $2,461 |
| Beechgrove | $3,650 | State Farm | $2,204 |
| Beersheba Springs | $3,755 | State Farm | $2,310 |
| Belfast | $3,575 | Farm Bureau | $2,057 |
| Bell Buckle | $3,550 | State Farm | $2,198 |
| Belle Meade | $3,162 | State Farm | $1,924 |
| Bells | $4,153 | State Farm | $2,541 |
| Belvidere | $3,607 | State Farm | $2,262 |
| Benton | $3,242 | State Farm | $1,896 |
| Berry Hill | $3,371 | State Farm | $1,875 |
| Bethel Springs | $4,025 | State Farm | $2,601 |
| Bethpage | $3,601 | State Farm | $1,937 |
| Big Rock | $3,535 | State Farm | $2,008 |
| Big Sandy | $4,030 | State Farm | $2,578 |
| Birchwood | $3,186 | State Farm | $1,951 |
| Blaine | $2,903 | State Farm | $1,715 |
| Bloomingdale | $2,469 | State Farm | $1,420 |
| Bloomington Springs | $3,348 | State Farm | $2,001 |
| Blountville | $2,519 | State Farm | $1,486 |
| Bluff City | $2,509 | State Farm | $1,481 |
| Bogota | $4,408 | State Farm | $2,008 |
Rates are for a policy with $350,000 of dwelling coverage.
How much is homeowners insurance in Nashville, TN?
The average cost of home insurance in Nashville is $3,292 per year, or $274 per month. That's 3% cheaper than the statewide average.
Nashville homeowners can find the cheapest insurance at State Farm, where a policy costs around $1,920 for $350,000 of dwelling coverage.
How much is homeowners insurance in Memphis, TN?
Home insurance in Memphis costs an average of $4,340 per year for a policy with $350,000 of dwelling coverage. That's 27% more expensive than the Tennessee average of $3,408.
Homeowners in Memphis can find the cheapest rates at Allstate, where coverage costs around $2,284 per year.
How much is homeowners insurance in Knoxville, TN?
The average cost of home insurance is $2,771 per year in Knoxville, which is nearly 19% cheaper than the Tennessee state average.
Homeowners in Knoxville can find the best rates at Allstate, where a policy costs an average of $1,632 per year.
What home insurance coverage is important in Tennessee?
Wind, hail and flooding can all cause major damage to homes in Tennessee.
The state is far enough inland that full-force hurricanes don't impact it often. However, it's common for the outer bands of major storms to affect the eastern part of the state.
Tennessee can also experience severe winter storms, where conditions like snow and freezing rain can lead to insurance claims. And property crime, such as theft and vandalism, can also be a big problem for Tennessee homeowners.
Is wind damage covered by insurance in Tennessee?
Most home insurance policies cover wind damage. This is true whether the wind breaks a window, blows shingles off your roof or causes a tree to fall on your home.
Wind damage is one of the most common causes of home insurance claims nationwide, and Tennessee is no different. In 2024, wind caused nearly $271 million of property damage across the state. Much of this damage was caused by Hurricane Helene.
Is flood damage covered by homeowners insurance?
Homeowners insurance doesn't typically cover damage from weather-related flooding.
You'll need a separate flood insurance policy to protect your home against flooding due to rainwater or an overflowing river or lake.
You have two main options for flood insurance: a government-sponsored policy through the National Flood Insurance Program (NFIP) or a policy from a private insurance company.
How much is flood insurance in Tennessee?
The average cost of a National Flood Insurance Program (NFIP) policy in Tennessee is $1,194 per year. Policies backed by the NFIP have the same coverages and rates no matter which company you buy from.
The cost of a private policy varies by company. Tennessee homeowners concerned about flood damage should consider Allstate, which offers both private and government-backed flood insurance policies.
Does home insurance cover theft and vandalism in Tennessee?
Home insurance almost always covers theft and vandalism.
You'll need to submit a police report when you file a claim, so it's important to contact the police about any stolen items immediately. This is because most home insurance policies don't cover what's called "mysterious disappearance," so if you can't prove your items were actually stolen, you may be out of luck.
If you're concerned about protecting valuable items, you should talk to your agent about adding an endorsement, or "scheduled personal property," to your policy. This increases your limits for certain valuables, such as jewelry, artwork, sports equipment or musical instruments. It also usually upgrades your coverage to include mysterious disappearance.
Tennessee has a very high property crime rate compared to most other states. The state sees around 2,032 property crimes per 100,000 residents, which includes theft, burglary and car theft.
Memphis has the second-highest property crime rate in the nation, at 6,899 crimes per 100,000 people. That's more than triple the average property crime rate in major cities across the U.S.
Are sinkholes covered by Tennessee house insurance?
Basic home insurance doesn't usually cover damage caused by sinkholes.
In Tennessee, home insurance companies must offer separate sinkhole coverage for an extra cost. This coverage protects your dwelling and personal property from damage caused by a sinkhole.
Sinkhole coverage can be costly in high-risk areas. Companies may ask to inspect your property before providing a quote.
How to find the best homeowners insurance in TN
The best home insurance companies in Tennessee offer great customer service and helpful coverage at an affordable price. To find the best home insurance for you, decide what coverage you need, shop around for quotes and check out customer service reviews.
Find the right coverage. Not all home insurance companies offer the same types or amounts of coverage.
It's important to decide what coverage options you need before shopping around. That way, you can make sure you're comparing quotes with the right amount of protection for your home.
For example, companies may offer identity theft coverage, equipment breakdown protection or other coverage add-ons.
Compare quotes to find the cheapest rate.
The difference between the most and least expensive home insurance companies is $4,746 per year in Tennessee. As a result, you could save a significant amount of money just by shopping around for the best rate.
Consider customer service reviews. It's important that you can count on your insurance company to take care of you if you ever experience an emergency. That's why it's crucial to choose a company with a reputation for great customer service.
You can start by reviewing ValuePenguin editor's ratings, which score companies based on service scores, coverage availability and cost.
If you want to do further research, you can look up J.D. Power's customer satisfaction scores. You can also use the National Association of Insurance Commissioners (NAIC) complaint index to view customer complaints.
Tennessee home insurance trends
Home insurance prices are up nearly 43% in Tennessee over the last five years.
Tennessee homeowners have seen their home insurance prices rise in recent years, with increases of about 11% in 2023, 10% in 2024 and 8% in 2025.
Home insurance rate increases in Tennessee, 2021-2025
Year | Rate increase |
|---|---|
| 2021 | 1.75% |
| 2022 | 4.44% |
| 2023 | 11.28% |
| 2024 | 10.40% |
| 2025 | 8.28% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Farmers has the biggest increase in home insurance costs by a wide margin. Between 2021 and 2025, the company nearly doubled its rates, with an increase of 97%. The next-highest, Erie, increased rates by 80%.
State Farm has the smallest rate increase over the last five years, at just 30%.
Frequently asked questions
How much is flood insurance in TN?
Flood insurance in Tennessee costs an average of $1,194 per year for a policy from the National Flood Insurance Program (NFIP). The typical policy includes $279,412 worth of coverage.
How much is home insurance in TN?
The average cost of homeowners insurance in Tennessee is $3,408 per year, or $284 per month.
Why is homeowners insurance so expensive in Tennessee?
Home insurance in Tennessee can be expensive because the state is prone to severe weather events like hail, rain and sinkholes. Homeowners insurance is $1,013 more expensive per year in Tennessee than the national average, which is $2,395 per year.
Methodology
To find the best cheap home insurance in Tennessee, ValuePenguin collected insurance quotes from 11 of the top insurance companies in Tennessee for every ZIP code in the state. Rates are for a 2,157-square-foot home built 44 years ago, based on the average home age and size in Tennessee.
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only. Your own quotes may be different.
Insurance company service ratings are based on National Association of Insurance Commissioners (NAIC) complaint index scores, J.D. Power's home insurance customer satisfaction survey rankings and our own ValuePenguin editor's ratings.
Sources
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
