Our calculator provides a personalized home insurance rate estimate based on your coverage limits, location, home age, credit score and other key factors that insurers use to price policies in Tennessee. Select your details below to estimate home insurance rates tailored to your specific needs and profile.
Home Insurance Calculator in Tennessee
Updated: May 21, 2026
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Key Takeaways
Tennessee homeowners pay an average of $254 per month ($3,045 per year) for $250,000 in dwelling coverage, which is 12% below the national average of $289 per month ($3,467 per year).
Calculating your home insurance coverage needs starts with estimating your home's replacement cost and the value of your personal belongings to determine the right dwelling and personal property limits.
Comparing providers is one of the most effective ways to lower your rate, given the $4,229 annual spread between the cheapest provider (USAA at $2,041 per year) and the most expensive (Travelers at $6,270 per year) in Tennessee.
Estimate Your Tennessee Home Insurance Cost
Tennessee Home Insurance Rate Calculator
A profile of 41 to 60-year-old homeowners with no prior claims insuring a 2,500-square-foot home with a $1,000 deductible.
Select Coverage Level
Select Deductible
Select Home Age
Select Credit Alignment
Average Monthly Premium—
Select Coverage Level
Average Monthly Premium—
Select Deductible
Select Home Age
Select Credit Alignment
How Tennessee Home Insurance Costs Are Calculated
Home insurance rates in Tennessee are determined by a combination of factors that insurers weigh differently, meaning two homeowners with similar homes can receive very different quotes from the same company. Important factors include coverage levels, your chosen provider, city, house age, credit score and claims history, each of which can shift your premium by hundreds or even thousands of dollars per year.
Coverage Level
The amount of coverage you select is the single biggest lever on your premium: more dwelling protection means higher premiums. In Tennessee, the lowest tier ($100,000 dwelling) averages $149 per month while the highest ($1 million dwelling) averages $782 per month, a $633 monthly difference. Choose a coverage level that matches your home's full replacement cost rather than its market value to avoid being underinsured after a total loss.
Provider
Insurers use proprietary models that weigh risk factors differently, which is why rates for the identical home profile can vary dramatically from one company to the next. USAA averages $2,041 per year while Travelers averages $6,270 per year for the same profile, a $4,229 annual spread in our analysis. Always compare quotes from at least three to five providers before purchasing a policy.
City
Where your home sits within Tennessee affects your rate because local weather patterns, crime rates and proximity to fire stations all factor into pricing. In Tennessee, our research shows that Knoxville averages $207 per month (18% below the state average) while Memphis averages $298 per month (18% above the state average). Nashville-area cities like Hendersonville ($235 per month) and Hermitage ($252 per month) fall near or slightly below the state average. Factor in your city's tornado and severe storm exposure, as western Tennessee carries higher risk than eastern Tennessee, when evaluating quotes.
House Age
Older homes cost more to insure because aging electrical systems, plumbing and roofing materials carry a higher likelihood of claims. In Tennessee, newer homes average $147 per month while older homes average $267 per month, a $120 monthly difference ($1,440 per year), based on our analysis. Updating key systems like your roof, electrical panel or plumbing can help lower your premium over time.
Credit Score
Insurers in most states, including Tennessee, use a credit-based insurance score as a proxy for risk: homeowners with lower scores are statistically more likely to file claims. Our study of quotes in Tennessee show that homeowners with excellent credit pay $118 per month on average while those with poor credit pay $659 per month, a $541 monthly difference ($6,492 per year), one of the wider credit score gaps in our national data. Paying down debt and making on-time payments is one of the highest-impact steps you can take to lower your home insurance premium.
Claims History
A history of prior claims signals higher risk to insurers and results in higher premiums. In Tennessee, our analysis found that a homeowner with one prior claim pays roughly $294 per month compared to $254 per month for a claim-free homeowner at a $1,000 deductible, and two claims push that to roughly $311 per month. Consider paying small losses out of pocket to preserve your claims-free status and keep your premium as low as possible.
All rates referenced on this page are based on MoneyGeek's analysis of quotes for a policy with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible.
MoneyGeek partnered with Quadrant Information Services to gather premium data from major national and regional insurers across Tennessee, analyzing what insurers charge for the same home profile: a middle-aged homeowner with good credit and no recent claims, insuring a 2000-built, wood-frame home with a standard package of $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in personal liability and a $1,000 deductible. Your actual premium will differ based on your home's age, construction quality, claims history and exact coverage limits, but this baseline reveals whether you're getting a competitive rate or paying more than necessary in your area. Learn more about our home insurance methodology.
How Much Home Insurance Do You Need in Tennessee?
Dwelling coverage is the foundation of a home insurance policy and the primary driver of your premium. It should reflect the full cost to rebuild your home from the ground up, not its market value. Use our free calculator below to estimate the right dwelling coverage amount for your Tennessee home based on local rebuilding costs and your home's square footage.
How Much Personal Property Coverage Do You Need in Tennessee?
Personal property coverage protects the contents of your home, including furniture, electronics, clothing and more, and is another meaningful driver of your premium. Use our free calculator below to estimate how much personal property coverage you need by tallying the replacement value of your belongings.
How to Decide How Much Tennessee Home Insurance to Buy
The three main coverages that drive the cost of a home insurance policy are dwelling coverage, personal property coverage and personal liability coverage. Setting the right limits for each is the key to being properly protected without overpaying.
Dwelling Coverage
Dwelling coverage pays to repair or rebuild the physical structure of your home, including walls, roof, floors and built-in appliances, if it's damaged by a covered peril such as fire, wind or hail. Standard coverage limits range from $100,000 to $1 million, though actual options depend on the provider. To determine your coverage amount, estimate your home's full replacement cost (not its market value) using local construction costs per square foot multiplied by your home's total square footage.
Personal Property Coverage
Personal property coverage reimburses you for the cost to replace your belongings, such as furniture, electronics, clothing and appliances, if they are stolen or destroyed by a covered event. Standard coverage limits range from $50,000 to $500,000, though actual options depend on the provider. To determine your coverage amount, conduct a home inventory and add up the replacement value of your possessions, then select a limit that covers that total.
Personal Liability Coverage
Personal liability coverage provides financial protection if someone is injured on your property or if you accidentally damage someone else's property, covering legal fees and judgments up to your policy limit. Standard coverage limits range from $100,000 to $1 million, though actual options depend on the provider. A good rule of thumb is to carry at least enough liability coverage to protect your total net worth, and to consider an umbrella policy if your assets exceed standard limits.
How to Save on Home Insurance in Tennessee
Tennessee homeowners have several practical options for lowering their home insurance costs without sacrificing coverage. Use the strategies below to get affordable home insurance for your risk profile.
- 1Compare Providers
Provider choice is the highest-impact variable in MoneyGeek's Tennessee data, with USAA averaging $2,041 per year and Travelers averaging $6,270 per year for the same profile, a $4,229 annual spread. If you live in Memphis where rates run 18% above the state average due to severe storm exposure, compare at least four or five providers to find the best rate for your risk profile. If you're in Knoxville or eastern Tennessee where rates trend 18% below the state average, start with USAA or State Farm for the lowest baseline rates in our data.
- 2Bundle Home and Auto Insurance
Bundling home and auto insurance is one of the most reliable ways to get a multi-policy discount from your insurer, often saving 5% to 25% on both policies. Ask your current home or auto insurer what discount you'd receive for combining both policies under one carrier before renewing either policy separately.
- 3Ask About Available Discounts
Many Tennessee insurers offer discounts for home security systems, new roofs, loyalty and claim-free history that can meaningfully reduce your premium. Check with providers like USAA, State Farm, Allstate and Erie to see what's available for your profile. Visit our home insurance discounts guide for a full breakdown of savings opportunities available to Tennessee homeowners.
- 4Raise Your Deductible
Increasing your deductible is a straightforward way to lower your annual premium. In Tennessee, we found that raising the deductible from $500 to $1,000 saves roughly $216 per year ($272 per month vs. $254 per month), and moving from $1,000 to $2,000 saves another $299 per year. Make sure you have enough savings set aside to cover the higher out-of-pocket cost if you need to file a claim.
Tennessee Home Insurance Calculator: Bottom Line
Tennessee homeowners pay an average of $254 per month for $250,000 in dwelling coverage, 12% below the national average. The $4,229 annual spread between the cheapest provider (USAA at $2,041 per year) and the most expensive (Travelers at $6,270 per year) means where you shop matters far more than where you live. Credit score also has an outsized effect in Tennessee, with a $6,492 annual gap between excellent and poor credit, making it one of the most impactful factors you can actively improve. Use our calculator above to get a personalized estimate, then compare options through our guide to best homeowners insurance or cheap homeowners insurance to find the right policy for your needs.
Tennessee Home Insurance Estimate: FAQ
Tennessee homeowners often have questions about what drives their premium and how to calculate the right amount of coverage. Here are answers to the most common ones.
How much is home insurance in Tennessee per month?
The average is $254 per month ($3,045 per year) for $250,000 in dwelling coverage, which is 12% below the national average of $289 per month ($3,467 per year). Your actual rate will vary based on your location, coverage level, home age, credit score and claims history.
Is home insurance in Tennessee required?
Tennessee does not legally require homeowners to carry home insurance. However, if you have a mortgage, your lender will almost certainly require you to maintain a policy that covers at least the replacement cost of the dwelling as a condition of your loan. Even without a mortgage, home insurance is strongly recommended given Tennessee's exposure to tornadoes, severe storms, hail and flooding.
How do you calculate how much home insurance you need?
Start by estimating your home's replacement cost (not its market value) by multiplying the average local construction cost per square foot by your home's total square footage. Then add personal property coverage equal to the total replacement value of your belongings (a home inventory helps), and select a personal liability limit that at minimum covers your total net worth. Use our free home replacement cost estimator and personal property calculator above to get a quick estimate for both.
MoneyGeek partnered with Quadrant Information Services to gather premium data from major national and regional insurers across Tennessee.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He writes about economics and insurance on MoneyGeek so people can make coverage decisions with confidence. His insurance insights have been featured in The Washington Post, The New York Times and NPR, among other media outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data, and no insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time Jeopardy champion!