Best Life Insurance Companies in Clarksville, TN for 2023

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, Content DirectorBy
, Senior Content EditorLife 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.
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
Average Monthly Life Insurance Rates in Clarksville: 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.
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
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
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 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
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.
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
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.
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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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
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 Mark Fitzpatrick

sources
- Harvard Health Publishing. "Why Men Often Die Earlier Than Women." Accessed July 7, 2022.
- Life Insurance Marketing and Research Association (LIMRA). "Facts About Life Insurance 2021." Accessed July 7, 2022.
- National Center for Health Statistics. "Provisional Life Expectancy Estimates for January through June, 2020." Accessed July 7, 2022.
- S&P Global. "2020 Annual Report." Accessed July 7, 2022.