Updated: June 10, 2026
Advertising & Editorial Disclosure
Tennessee's best renters insurance: Erie
Most affordable renters insurance in Tennessee: Lemonade
Typical renters insurance rate in Tennessee: $178 per year
Tennessee's best renters insurance provider is Erie, which earns a MoneyGeek score of 4.8 out of 5. At $16 monthly, it scores well for customer experience and coverage.
The five renters insurance companies in Tennessee with the highest MoneyGeek scores are:
| Erie Insurance | 4.8 | $16 | $188 |
| State Farm | 4.66 | $11 | $135 |
| Lemonade | 4.56 | $9 | $108 |
| Auto-Owners Insurance | 4.55 | $13 | $152 |
| Farm Bureau | 4.51 | $10 | $123 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Tennessee Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
For $20,000 in personal property coverage, Tennessee renters can pay as little as $9 per month through Lemonade. That's $6 less per month than Tennessee's $15 average, or $72 in annual savings.
The 10 most affordable companies range from $9 to $18 monthly for identical coverage, and seven of 10 charge less than the state average. Finding the cheapest renters insurance means comparing multiple providers to get the best rate for your needs.
| Lemonade | $9 | $-6 |
| Farm Bureau | $10 | $-5 |
| USAA | $11 | $-4 |
| Nationwide | $11 | $-4 |
| State Farm | $11 | $-4 |
| American National | $13 | $-2 |
| Auto-Owners Insurance | $13 | $-2 |
| Erie Insurance | $16 | $1 |
| Westfield Insurance | $16 | $1 |
| Farmers | $18 | $3 |
Tennessee renters pay $15 per month ($178 per year) for renters insurance, $1 below the national average of $16 per month. Higher crime rates in urban areas and tornado exposure across the state increase claim frequency, which keeps premiums close to the national average despite Tennessee's lower cost of living. Housing market conditions also influence how insurers price policies and manage claim costs.
Spring Hill has the lowest renters insurance rates in Tennessee at $14 per month ($163 per year). Memphis has the highest at $18 per month ($210 per year). Most cities stay close to Tennessee's $15 monthly average, with local crime rates and weather exposure accounting for the variation between areas.
| Antioch | $14 | $173 |
| Burns | $14 | $171 |
| Chattanooga | $15 | $183 |
| Clarksville | $14 | $169 |
| Goodlettsville | $14 | $171 |
| Hermitage | $14 | $170 |
| Knoxville | $14 | $166 |
| Memphis | $18 | $210 |
| Murfreesboro | $14 | $167 |
| Pulaski | $14 | $171 |
| Spring Hill | $14 | $163 |
State Farm takes the top spot at the $250,000 tier, charging $33 per month for $250,000 in coverage and $300,000 in liability protection. However, Lemonade offers the most affordable renters insurance across the three lower coverage tiers in Tennessee. It's the cheapest choice from $20,000 to $100,000 in personal property coverage, all with $100,000 liability limits.
| $20K Personal Property / $100K Liability | Lemonade | $9 |
| $50K Personal Property / $100K Liability | Farm Bureau | $14 |
| $100K Personal Property / $100K Liability | Nationwide | $18 |
| $250K Personal Property / $300K Liability | State Farm | $33 |
Knowing your coverage options, estimating your property value and comparing quotes helps you get the right coverage.
Quotes vary widely on Tennessee renters insurance. Lemonade charges $9 monthly while Farmers charges $18 for identical $20,000 coverage. That's a $9 monthly difference for the same financial protection. Request quotes from at least three insurers to find the lowest rate using online comparison tools.
Pairing your renters and auto insurance with one company cuts 10% to 25% off both premiums. State Farm and Auto-Owners provide bundling discounts that lower your total insurance costs while consolidating your monthly bills into a single payment.
Choosing a higher deductible reduces your monthly premium but increases what you'll pay when filing claims. Before raising your deductible, confirm your emergency fund can cover the higher out-of-pocket costs if you need to file a claim.
Many discounts won't apply automatically, so ask what you qualify for. Tennessee insurers offer savings for security systems, smoke detectors, claims-free history and automatic payments. State Farm provides good student discounts for renters under 25 maintaining a B average or better.
Most Tennessee landlords require at least $100,000 in liability coverage, though the state doesn't mandate renters insurance by law. Factors like pet ownership, credit score and rental history affect your coverage requirements. Your property value, local weather risks and crime rates should inform your coverage limits.
Use our calculator below to find out how much renters insurance you need.
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
Erie ranks as Tennessee's best renters insurance provider with a MoneyGeek score of 4.80 out of 5. At $16 monthly, it offers high customer satisfaction at affordable rates.
Tennessee renters insurance costs $15 per month or $178 annually for $20,000 in personal property coverage. The state runs $1 below the national average of $16 monthly because of severe weather risks like tornadoes and storms, plus higher property crime rates in metro areas.
Renters insurance with $100,000 in personal property coverage costs $39 per month or $467 per year in Tennessee on average. Nationwide offers the most affordable option at this coverage level for just $18 monthly. This higher coverage amount works well for renters with expensive belongings or valuable collectibles, since most people choose $20,000 to $50,000 in coverage.
Tennessee doesn't require renters insurance by law, but most landlords require at least $100,000 in liability coverage as a lease condition. Your landlord may set additional requirements, which may vary based on rental history, credit score and whether you own pets. Check your lease agreement for the exact coverage requirements.
We analyzed Tennessee renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Tennessee's best renters insurance providers.
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 covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. 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.
