Best Life Insurance Companies in Clarksville, TN for 2024

Life insurance is the best way to ensure that your loved ones have a financial lifeline when you pass away. MoneyGeek analyzed the best life insurance companies in Clarksville, Tennessee, to help you find the best coverage for your profile and specific needs. We ranked the best providers for different backgrounds, including smokers, seniors and young adults.

Life insurance quotes in Clarksville will depend on the level of coverage you purchase and your gender, among other factors. For the coverage level of $250K, MassMutual offers the cheapest rates, at an average of $11 per month for men and $9 for women.

For the recommended $652K coverage for the state, MassMutual offers the cheapest average rates for men at $18 per month, while Nationwide is the cheapest for women at around $13 per month.

Although it is cheaper to purchase a policy with $250,000 coverage, it might not necessarily offer sufficient coverage. The recommended coverage amount for Tennessee is $652,000, based on state-specific factors, including the cost of living, average income, average personal debt and the average age in the state.

Clarksville life insurance rates can vary significantly based on gender. Men in Clarksville pay roughly 6% more than the average life insurance rate for the state, while women pay about 9% less than the state average.

Gender is one of the primary factors that impact the cost of life insurance. In Clarksville, men pay an average of $21 per month for a policy with $250K coverage, while women pay around $15 monthly for similar coverage.

In Clarksville, the average cost of a policy with the recommended coverage for the state is $44 per month for men and $29 for women. The recommended coverage is determined using factors such as per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age.

Regardless of coverage level, the average cost for a 10-year term policy is $27 per month for men and $19 per month for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Clarksville using average buyer profile statistics, including the average age of 31, the average weight of 197 pounds for males and 156 pounds for females, and an average coverage need of $652,000.

Northwestern Mutual, Tennessee Farmers Life Insurance Co. and State Farm are the most popular life insurance companies in Tennessee. Northwestern Mutual has a market share of 8%, while Tennessee Farmers Life Insurance and State Farm have market shares of 6% and 5%, respectively.

The total market share of the seven most popular life insurance companies in Tennessee is around 36%. You can look up the most popular companies by market share in the table below.

Clarksville life insurance rates for young people range between an average of $16 and $33 per month. The cheapest life insurance companies in Clarksville for young adults are:

• Mutual of Omaha: $16 per month
• MassMutual: $16 per month

You can compare average life insurance rates for young adults in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Clarksville who is 5 feet 10 inches in height and weighs 168 pounds with a 20-year term contract at the average coverage need of $250,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Life insurance quotes for seniors in Clarksville range between $41 and $84 per month, on average. The cheapest life insurance companies in Clarksville for seniors are:

• MassMutual: $41 per month
• Mutual of Omaha: $46 per month

You can look up the most affordable life insurance companies for seniors in Clarksville in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Clarksville who is 5 feet 10 inches tall and weighs 197 pounds with a 10-year term contract with the average coverage needed of $76,000.

Smokers in Clarksville pay between an average of $118 and $221 per month for life insurance. The most affordable life insurance companies for smokers in Clarksville are:

• MassMutual: $118 per month
• Nationwide: $126 per month

To see how rates for smokers compare, you can look up rates by company in the table below.

Rates were determined by analyzing quotes for a 31-year-old male smoker in Clarksville who is 5 feet 10 inches tall and weighs 197 pounds with a 20-year term contract at the average coverage need of $652,000.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.