Cheapest Home Insurance Companies in Tennessee (2026 Rates)

USAA is the cheapest home insurance company in Tennessee at $2,041 per year, though only military members, veterans and their families qualify. State Farm ranks second at $2,225 annually and covers all Tennessee residents. The five most affordable insurers save you $512 to $1,004 compared to the state average.

• USAA: Cheapest for Tennessee military families
• State Farm: Best overall rates for most homeowners
• Foremost: Lowest premiums for low coverage limits
• Allstate: Most affordable for smaller homes
• Erie: Competitive rates for standard coverage

*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.

According to our cost research, USAA offers the lowest rates across all categories in Tennessee, but only military members and their families qualify. State Farm provides the cheapest coverage in five of seven categories for homeowners without military connections, including older homes, seniors and high-risk fire zones. Progressive and Allstate offer the best rates for newer homes and smaller properties.

Risk factors differ by location, so insurers price policies differently across Tennessee. Foremost offers the lowest rates in Murfreesboro and most smaller Tennessee cities. USAA beats competitors in Chattanooga, while Allstate costs less in Knoxville, and State Farm leads in Memphis.

Your coverage needs determine which insurer offers the best rate. Foremost has the lowest premiums for basic $100,000 dwelling coverage at $911 annually. State Farm offers the cheapest rates for mid-range and high-value homes, while USAA beats competitors at the $250,000 coverage level.

Tennessee homeowners can cut insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.

Frequently asked questions about the cheapest home insurance in Tennessee:

Our rate analysis reflects what most Tennessee homeowners need: standard coverage for a typical single-family home built within the past 25 years.

We collected quotes from major insurers using a consistent homeowner profile across Tennessee. This approach shows how each company prices the same coverage by removing variables that make direct comparisons difficult. The base profile represents the most common home insurance scenario in Tennessee.

Standard Coverage Profile:

• $250,000 dwelling coverage
• $125,000 personal property coverage
• $200,000 liability coverage
• $1,000 all-perils deductible
• Home built in 2000
• 3-class fire protection rating
• Good credit
• No claims filed in the past 5+ years

For specialty scenarios like older homes, high-value properties and rural locations, we adjusted variables from this base profile while keeping other factors constant. This shows how specific characteristics affect your rate compared to the standard homeowner.

These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.