Tennessee homeowners pay $254 monthly or $3,045 annually for home insurance on average — $35 less per month than the national average of $289. Despite these below-average costs, Tennessee still ranks as the 17th most expensive state for home insurance coverage, reflecting the state's exposure to severe weather risks including tornadoes, severe storms and occasional flooding that drive claims and premium costs higher than other states.
Average Home Insurance Cost in Tennessee (2026)
Updated: April 1, 2026
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Key Takeaways
Tennessee homeowners pay an average of $254 monthly or $3,045 annually for home insurance, ranking as the 17th most expensive state.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in Tennessee at competitive rates.
MoneyGeek's free home insurance calculator estimates your Tennessee costs in seconds without requiring any personal information.
How Much Is Home Insurance in Tennessee?
| Tennessee | $3,045 | $3,467 | -12% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
Average Tennessee Home Insurance Cost by City
Home insurance costs in Tennessee vary widely across cities based on local conditions. Housing prices, home age, and storm exposure all influence what homeowners pay. Cities with older properties or frequent weather-related damage usually see higher premiums compared to lower-risk areas.
| Antioch | $246 | $2,947 |
| Burns | $247 | $2,967 |
| Chattanooga | $247 | $2,958 |
| Clarksville | $243 | $2,917 |
| Fayetteville | $267 | $3,208 |
| Goodlettsville | $239 | $2,869 |
| Hendersonville | $235 | $2,817 |
| Hermitage | $252 | $3,024 |
| Knoxville | $207 | $2,487 |
| Memphis | $299 | $3,582 |
| Murfreesboro | $262 | $3,138 |
| Pulaski | $272 | $3,259 |
| Spring Hill | $251 | $3,008 |
Average Tennessee Homeowners Insurance Cost by Coverage Level
Tennessee homeowners pay between $1,790 and $9,385 annually for home insurance depending on their coverage choices. Higher limits or lower deductibles increase costs, while choosing less coverage or higher deductibles reduces premiums.
| $100K Dwelling / $50K Personal Property / $100K Liability | $149 | $1,790 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $254 | $3,045 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $413 | $4,959 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $576 | $6,918 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $782 | $9,385 |
Average Price of Tennessee Home Insurance by Company
Travelers costs $6,270 per year. This is more than triple USAA's $2,041 annual cost.
| USAA | $170 | $2,041 |
| State Farm | $185 | $2,225 |
| Foremost Insurance | $199 | $2,391 |
| Allstate | $205 | $2,465 |
| Erie | $211 | $2,533 |
| Auto-Owners Insurance | $215 | $2,586 |
| Progressive | $320 | $3,846 |
| Travelers | $522 | $6,270 |
Tennessee Homeowners Insurance Rates by House Age
Insurance rates in Tennessee change based on home age. A home built in 2020 costs $1,758 per year, compared with $3,203 for a home built in 1980. Newer homes usually cost less to insure because of updated materials.
| Newer | $147 | $1,758 |
| Middle Age | $254 | $3,045 |
| Older | $267 | $3,203 |
Average Tennessee Home Insurance Cost by Credit Score
Credit history affects home insurance rates in Tennessee. Insurers charge less to homeowners with better credit. Annual premiums range from $1,411 to $7,905 depending on your credit standing.
| Excellent | $118 | $1,411 |
| Good | $254 | $3,045 |
| Below Fair | $402 | $4,823 |
| Poor | $659 | $7,905 |
Why Is Home Insurance So Expensive in Tennessee?
Tennessee homeowners pay higher insurance costs because of severe weather and rising construction expenses. The state averaged about 31 tornadoes per year between 1995 and 2024.
Building costs increased from $180 to $350 per square foot in 2024. When storms damage homes, insurers cover these higher repair and rebuilding costs. These are passed on to you in the form of higher premiums.
How to Save on Homeowners Insurance in Tennessee
Tennessee home insurance costs keep climbing, but you can find affordable coverage with the right approach. These strategies help new buyers and current homeowners lower their premiums.
- 1Calculate Coverage Needs
Find out what it would cost to rebuild your home at today's construction prices. Don't use your home's market value. List your belongings to see how much personal property coverage makes sense. If you live in Nashville or Memphis, think about adding water backup coverage or extra protection for valuables like jewelry or electronics.
- 2Research Rates and Discounts
Use MoneyGeek's Tennessee home insurance calculator to estimate what you should pay based on where you live, your home's age and its size. When you get quotes, ask about discounts for security systems, newer homes, clean claims history and safety devices like smoke detectors. You can cut costs this way whether you're in Knoxville or Chattanooga.
- 3Compare Multiple Providers
Get quotes from at least three insurers. Look beyond the price tag. Check customer satisfaction ratings, how fast they process claims and their financial strength. Cheap coverage can backfire if the company drags its feet when you file a claim.
- 4Bundle Home and Auto
Put your home and auto policies with the same company to save 10% to 25% in Tennessee. This works especially well in growing areas like Franklin or Murfreesboro, where rising costs for both types of coverage get offset by bundle savings.
- 5Lower Your Risk Profile
Add smoke detectors, security systems or storm shutters to cut your premium. Avoid filing claims to save $484 to $892 annually. Boost your credit from below fair to good and you'll save 37% on average in Tennessee, a smart move for anyone watching their budget.
Calculate Tennessee Homeowners Insurance Costs: FAQ
Homeowners insurance costs in Tennessee depend on many factors specific to your home and location. The following questions address common concerns about pricing and help you understand what affects your premiums.
How much will my premium increase after filing a claim in Tennessee?
Filing a claim in Tennessee increases your homeowners insurance premium by $485 for one claim and $892 for two claims compared to claim-free customers. Tennessee homeowners without claims pay $3,045 annually on average. One claim raises your premium to $3,529 per year. Two claims bump your annual cost to $3,937. Claims remain on your record for five years, meaning you'll pay these elevated rates throughout that entire period.
Does home insurance in Tennessee cover tornado damage?
Yes, standard home insurance policies in Tennessee cover tornado damage. Your policy protects your home, other structures on your property, and your personal belongings from tornado damage.
Home insurance covers wind damage from tornadoes, including damaged roofs, broken windows, and destroyed structures. You will need to pay your deductible before your coverage starts.
Tornado coverage is part of the standard windstorm protection that comes with most home insurance policies in Tennessee. This means you don't need to buy separate tornado insurance.
Why does home insurance cost more for older homes in Tennessee?
Older homes in Tennessee cost 82% more to insure than newer properties. A home built around 1980 averages $3,203 annually, while a newer home from 2020 costs $1,758 per year. That's a $1,445 difference. Middle-aged homes from 2000 fall between these at $3,045 annually.
Insurance companies charge higher premiums for older homes because they carry greater risks. Aging electrical systems, plumbing and roofing are more likely to fail and trigger claims. These homes also cost more to repair since they often need specialized materials or construction methods to match original standards.
How can I lower my home insurance costs in Tennessee?
You can lower your Tennessee home insurance costs through several effective methods. Shopping around is important since rates vary between insurers for identical coverage in the state. Maintaining a claim-free record for five years saves you $485 annually compared to filing one claim, and $892 yearly versus filing two claims.
Raising your deductible from $500 to $1,000 reduces your annual premium by $221. While you'll pay more upfront when filing a claim, these yearly savings accumulate over time. Ask insurers about available discounts for bundling multiple policies, installing security systems or owning newer homes. Even modest discounts can meaningfully reduce your annual costs.
How We Determined Tennessee Home Insurance Rates
MoneyGeek calculated Tennessee home insurance estimates using rate data from Quadrant Information Services and a consistent baseline profile: $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 liability coverage, and a $1,000 deductible. The home profile includes a house built in 2000 with frame construction, composition roof and no insurance claims filed in the past five years.
This profile matches typical Tennessee homeowners across the state. The $250,000 dwelling amount aligns with median home values in most Tennessee markets. Homes built in 2000 represent the most common age range for properties statewide.
What you pay for home insurance coverage will vary depending on your home's construction, roof type, age, location, coverage amounts, claims history, credit score and which company you choose. These rate comparisons show you which factors create the biggest differences when you shop for Tennessee home insurance.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.
He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.
His insights — on products ranging from car, home and renters insurance to health and life insurance — have been featured in The Washington Post, The New York Times and NPR among others.
Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to analysis of the personal insurance market. He's also a five-time Jeopardy champion!
Sources
- National Weather Service. "Tennessee Tornado Stats." Accessed April 28, 2026.
- Home Guide. "Average Cost to Build a House in Tennessee." Accessed April 28, 2026.