Updated: October 7, 2025
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Tennessee homeowners pay $2,578 per year on average for home insurance, $155 more than the national average of $2,423.
Your credit score affects your rates more than any other factor in Tennessee. Homeowners with poor credit pay $12,199 more annually than those with excellent credit. Your insurer choice also impacts costs substantially. If your rates recently increased, check out thecheapest home insurance in Tennessee for more affordable coverage.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Oct 28, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Tennessee, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Tennessee as of 2024.
Tennessee homeowners pay $2,578 annually for policies with $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage, $155 above the national average.
When figuring out how much coverage you need, make sure it covers rebuilding your home and replacing your belongings after a total loss. A policy with $100,000 in dwelling coverage costs about $1,463 per year. A $500,000 dwelling coverage policy runs around $4,288 annually.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,463 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,578 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $4,288 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,980 |
Home insurance rates vary widely between companies in Tennessee, even for identical coverage. One insurer might quote you $2,000 while another charges $3,500 for the same dwelling and personal property protection.
Tennessee has many great home insurance providers to choose from, though the state average is $2,578 per year. Each company assesses risk differently based on its claims history and underwriting standards, causing substantial rate variations.
| ASI | $1,350 |
| Auto-Owners Insurance | $1,770 |
| USAA | $1,777 |
| State Farm | $1,977 |
| Allstate | $2,108 |
| Erie | $2,357 |
| Foremost Insurance | $3,069 |
| Travelers | $6,219 |
Tennessee homeowners with poor credit pay $13,706 per year on average for home insurance — $11,128 more than the state average. Your credit score substantially impacts your insurance costs.
Homeowners with excellent credit pay just $1,507 annually, saving $1,071 compared to the average.
Your credit score won't improve overnight, but building it over time lowers your rates considerably. Shop around with the most affordable Tennessee home insurers to find your best rate.
| Poor | $13,706 |
| Below Fair | $7,079 |
| Fair | $4,213 |
| Good | $2,578 |
| Excellent | $1,507 |
Your roof type affects your insurance rates because some materials withstand damage better than others. Homes with composition shingles get lower premiums, while shake-treated roofs cost more to insure.
Your home's construction materials also affect your rates. Insurers charge less for brick or stone construction than standard wood frame homes because these materials resist damage better.
The table below shows how different construction types affect your premiums.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,463 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,578 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $4,288 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,980 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $7,910 |
Insuring a newly built home in Tennessee costs $1,264 per year on average, less than half the $2,578 average for older homes.
New homes get better rates because they're built with modern materials and meet current building codes. The table below shows potential savings between new and existing homes. Use the filter to match your coverage needs.
| Existing Construction (2000) | $2,578 |
| New Construction (2023) | $1,264 |
Tennessee homeowners who haven't filed a claim in over five years pay $2,578 annually on average for home insurance. File one claim in the past five years, and your premium jumps to $2,963, an extra $385 per year.
File two claims during that period? You'll pay $3,262 annually, or $684 more than the claim-free rate.
A claims-free history substantially reduces your insurance costs.
| Claim free for 5+ years | $2,578 |
| 1 claim in past 5 years | $2,963 |
| 2 claims in past 5 years | $3,262 |
Flooding and tornadoes are the biggest threats to Tennessee homes. Standard homeowners insurance typically covers tornado damage, but flood damage is usually excluded. If you're worried about floods and other natural disasters, you'll likely need to buy separate coverage.
Home insurance rates vary across Tennessee cities, ranging from $2,134 to $3,155 in our analysis. Knoxville homeowners pay the least at $2,134 per year, while Memphis residents pay the most at $3,155 annually. Clarksville sits near the middle at $2,504, close to the state average.
Your location affects your rates due to local crime rates and weather risks. Your city has a moderate impact on costs, though less than your credit score or coverage amount.
| Chattanooga | $2,606 |
| Clarksville | $2,504 |
| Hendersonville | $2,370 |
| Knoxville | $2,134 |
| Memphis | $3,155 |
| Murfreesboro | $2,652 |
| Nashville-Davidson | $2,516 |
Finding home insurance in Tennessee doesn't have to overwhelm you. Research helps you find an affordable policy that protects what matters most. Here's how to get the best deal.
Ask about bundling policies or security system discounts.
Choose a deductible you can afford to pay.
Check their claims handling reputation.
Choose the coverage that fits your home and budget.
Tennessee homeowners save $430 to $754 by bundling home and auto insurance — about 16% off combined premiums. Bundling also simplifies insurance management since you deal with one company instead of two.
Check out our analysis of the best Tennessee home and auto bundles to see which insurers offer the largest savings.
Tennessee homeowners can access several discounts to lower their insurance costs.
Capitalize on potential discounts when getting quotes. Most insurers won't mention them otherwise.
ASI offers the cheapest home insurance in Tennessee, with premiums averaging $1,350. For more budget-friendly options, check out cheap national providers.
Standard home insurance doesn't cover flooding. You need separate flood insurance. Learn more about coverage for natural disasters to ensure you have adequate financial protection.
Purchase flood insurance through the National Flood Insurance Program, a private insurer, or as an endorsement from some home insurers.
Your credit score has the biggest impact on home insurance rates in Tennessee. The difference between excellent and poor credit is substantial — homeowners with poor credit pay $12,199 more per year.
Bundling in Tennessee saves you $430 to $755 on combined premiums.
The right homeowners insurance in Tennessee is easier to get when you know where to look for help. Whether you need to understand state rules, find affordable coverage, or report insurance fraud, these resources point you in the right direction:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
