Best Life Insurance Companies in Clarksville, TN

MassMutual offers the best life insurance in Clarksville for the average adult. MassMutual is also the best option for smokers and seniors, but for young adults, Mutual of Omaha is the best company for life insurance in Clarksville. On average, life insurance quotes in Clarksville can range from as little as $11 per month for $250K in coverage to $18 for the recommended coverage levels for Tennessee.

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Advertising & Editorial DisclosureLast Updated: 12/23/2022
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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.

iconBestLife InsuranceClarksville, TN
2023

Best Life Insurance Companies in Clarksville, TN, for 2023

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Best Cheap Life Insurance in Clarksville

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.

Cheapest Life Insurance Companies for Males and Females in Clarksville
  • Cheapest For
    $250K Coverage
    $652K Coverage (Recommended)
  • Male

    MassMutual

    MassMutual

  • Female

    MassMutual

    Nationwide

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Life Insurance Costs in Clarksville for Men and Women

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.

Average Monthly Life Insurance Rates in Clarksville: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • MassMutual
    $11
    $18
  • Nationwide
    $11
    $18
  • Mutual of Omaha
    $12
    $19
  • Transamerica
    $16
    $32
  • AAA
    $20
    $43
  • State Farm
    $24
    $44
  • Progressive Life
    $24
    $47
  • Prudential
    $28
    $71
Average Monthly Life Insurance Rates in Clarksville: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Nationwide
    $10
    $13
  • Mutual of Omaha
    $10
    $13
  • MassMutual
    $9
    $13
  • Transamerica
    $12
    $23
  • State Farm
    $18
    $29
  • AAA
    $15
    $32
  • Progressive Life
    $17
    $33
  • Prudential
    $18
    $36

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.

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LIFE INSURANCE OFTEN COSTS LESS FOR WOMEN

Life insurance typically costs less for women than men because women generally have a higher life expectancy. Men are typically at a higher risk for diseases such as cardiovascular disease and are more prone to risky behavior, which makes them more likely to have a shorter lifespan.

Although life insurance costs less for women, studies have found that more men buy life insurance. However, it is important for women to also purchase life insurance since they often play a crucial role in family finances and need to protect their dependents when they pass away.

Most Popular Life Insurance Companies in Tennessee

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.

Most Popular Life Insurance Companies in Tennessee

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  • Company
    Market Share
  • Northwestern Mutual
    8%
  • Tennessee Farmers Life Insurance Co.
    6%
  • Lincoln Financial
    5%
  • State Farm
    5%
  • Sammons Enterprises Inc.
    4%
  • MassMutual
    4%
  • New York Life
    4%
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MONEYGEEK DICTIONARY

A company’s market share refers to the percentage of sales or revenue a company generates compared to its competitors. In this analysis, MoneyGeek analyzed the most popular life insurance companies in Tennessee based on S&P Global’s 2020 market intelligence reports.

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Cheapest Life Insurance for Young People in Clarksville

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.

Best Life Insurance Companies for Young People in Clarksville, TN

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  • Company
    Monthly Cost
  • Mutual of Omaha
    $16
  • MassMutual
    $16
  • Transamerica
    $17
  • Nationwide
    $20
  • Progressive Life
    $23
  • AAA
    $23
  • State Farm
    $25
  • Prudential
    $33

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.

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LIFE INSURANCE IS CHEAPER FOR YOUNG PEOPLE

Life insurance tends to cost less for younger people because they have a longer life expectancy. The younger you are, the less you pay in premiums for your life insurance. However, as you get older, premiums increase, so it is best to buy a life insurance policy at a younger age to save on costs.

Cheapest Life Insurance for Seniors in Clarksville

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.

Best Life Insurance Companies for Seniors in Clarksville, TN

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  • Company
    Monthly Cost
  • MassMutual
    $41
  • Mutual of Omaha
    $46
  • Nationwide
    $47
  • State Farm
    $55
  • Progressive Life
    $73
  • AAA
    $77
  • Transamerica
    $78
  • Prudential
    $84

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.

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LIFE INSURANCE COSTS MORE FOR SENIORS

Life insurance rates are typically higher for seniors because their policy is likely to outlive them.

Since seniors typically do not have young dependents who need coverage for future income, most seniors can be sufficiently covered with lower coverage amounts. This is why our sample policy coverage for seniors is lower than for other groups. Policies with low coverage amounts will typically cover fewer expenses over time but will help meet final expenses like burial costs.

Cheapest Life Insurance for Smokers in Clarksville

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.

Best Life Insurance Companies for Smokers in Clarksville, TN

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  • Company
    Monthly Cost
  • MassMutual
    $118
  • Nationwide
    $126
  • Mutual of Omaha
    $128
  • Transamerica
    $132
  • State Farm
    $153
  • Progressive Life
    $184
  • Prudential
    $186
  • AAA
    $221

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.

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Smoking is a risk factor for various health conditions, so smokers typically pay higher rates for life insurance than non-smokers. However, you can save on your premiums by comparing the cheapest life insurance companies for smokers to find the most affordable rates. Buying a longer 20-year term policy with extended coverage will also be cheaper as life insurance rates for smokers tend to increase significantly as you get older.

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Insurance Rates

Methodology

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.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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