Popular Questions about Tennessee Homeowners Insurance

The average American homeowner pays $1,173 per year for home insurance, but in Tennessee, the average annual premium is slightly lower at just $1,149. Even though home insurance costs in Tennessee may seem like a lot of money, having this coverage is vitally important, because hazards like severe weather, hail, fire, and property crimes in this state can cause expensive losses to homeowners who are not insured.

Your home insurance gives you a backup plan in case a disaster strikes in your neighborhood. Whether it's a fire, hailstorm, tornado, or a rash of burglaries, you're covered if you have a suitable Tennessee homeowners insurance policy. 

Pays to repair or replace your home and your belongings

  • Example: An accidental kitchen fire damages part of your home and several appliances.

Pays for someone else's injuries or property damage when it's your fault

  • Example: Your dog gets loose and bites a neighbor.

Pays for temporary living expenses when your home is damaged

  • Example: You need a hotel while your house is being repaired following a tornado.

We can’t be 100% certain, but in 2016, insurance companies spent more than $1.15 billion on home insurance claims in Tennessee. That's a lot of unfortunate events happening to Tennessee homeowners.

Insurance companies calculate home insurance costs by asking, "How likely is it that something bad will happen?" The more likely it is that a damaging event can happen to your house, the more expensive your home insurance policy will be. We call these potential disasters "risks” or “exposures.” Let’s take a look at how risky Tennessee is compared to the rest of the US.


The burglary rate in Tennessee is higher than the national average. Be sure to protect your property by keeping doors and windows securely locked, keeping entryways well-lit and unobstructed from view, and putting lights on timers when you are out of town. Installing a burglar alarm can earn you a discount on your home insurance costs.

  • Average number of burglaries per 1,000 homes in TN: 6.06
  • Average number of burglaries per 1,000 homes in the US: 4.69


Severe weather, including hailstorms and tornadoes, can wreak havoc on residential properties in this state. Be sure that your home insurance provides all the coverage you need before disaster strikes.

  • Number of federally declared disasters since 1953: 68
  • Most common cause of disasters in the state: Severe Storms
  • Average number of tornadoes per year in the state: 29.1
  • Amount paid in home insurance claims in 2016: $1,153,112,000

Home Values:

  • Average home value in TN: $157,700
  • Average home value in the US: $188,900

Yes! There are currently 366 Trusted Choice agents in Tennessee who are ready to help. Did you know that independent insurance agents can work with several different insurance providers to find you the best rate for coverage? That way, you can buy a policy that meets all your coverage needs at a price you can afford.

Find the Best Home Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 4.69 per 1,000 homes

National average home value $188,900

National average home insurance cost $1,173 year

CityAnnual insurance costAvg. home valueBurglaries / 1,000 homes
Johnson City$1,053$171,5005.89
  1. $108
  2. Nashville, TN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Nashville is $108. Home insurance rates in Nashville can vary from one homeowner to the next. Your rate will be based on factors like the size, value, and location of your home, the age of your roof, the materials used in your home’s construction, and even your credit score.
  4. One of the most expensive hazards faced by homeowners in Nashville is severe weather, including tornadoes. While not very common in this city, when they strike they can be devastating. A tornado that touched down in downtown Nashville in 1998 caused more than $100 million in damage. Homeowners insurance can help you repair and replace your home and belongings, and can even help you pay for a hotel if you are temporarily displaced while your home is being repaired. 

  1. $60
  2. Memphis, TN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Memphis is $60. Because your homeowners insurance is completely customized to your home and other considerations, your monthly premium may be more or less than average. Insurance companies consider your home’s size, value, location, and other factors to determine your monthly rate. 
  4. Memphis has a relatively high crime rate when compared with the rest of the state and the nation overall. It is therefore important that you take precautions like having and using deadbolt locks to help secure your home. Fortunately, your Memphis homeowners insurance covers you against property loss and damage to your home if you are the victim of a burglary. If you install a burglar alarm in your home, many insurance companies will reward you with policy discounts. 

  1. $70
  2. Knoxville, TN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Knoxville is $70. Of course, what you will be asked to pay may differ from this average amount depending on the specific risks associated with your home. Your rate will be calculated according to factors like the size of your home, the crime rate and weather risks in your ZIP code, the age of your roof, your credit rating, and more. 
  4. Hailstorms can be a problem in Knoxville. Large hailstones can occur without warning, causing devastating damage to your property. If hail causes damage to your roof, siding, shed, or other parts of your home, how will you pay for repairs? With Knoxville homeowners insurance, you can have peace of mind knowing that if hail damages your home, it can be returned to normal without you facing a large personal expense. 

  1. $90
  2. Chattanooga, TN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Chattanooga is $90. Your actual quoted rates will be based on the crime and weather risks in your neighborhood, the size and value of your home, the age of your roof, your claims history and credit score, and other considerations. Your monthly rate for Chattanooga homeowners insurance may therefore be higher or lower than this average.
  4. One of the most devastating things that can happen to a homeowner is an accidental house fire. In addition to severely damaging your house, a fire can lead to a total loss of your personal belongings including furniture, electronics, clothing, and more. That is why it is important that your structural coverage is high enough to enable you to rebuild your home and that you have sufficient contents coverage to let you replace your lost or damaged property without experiencing a large financial loss. Your insurance agent can help you make sure that the coverage levels in your Chattanooga homeowners insurance policy are high enough.

  1. $110
  2. Murfreesboro, TN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Murfreesboro is $110. Not all Murfreesboro homeowners will pay the same for home insurance. Your monthly rate is based on the crime and weather risks in your ZIP code, the size of your home, the building materials used in your home’s construction, your claims history, and more.
  4. Severe weather can seriously damage the structure of your home, especially if it spawns a tornado. The tornado risk in this city is higher than the state average and is 74% higher than the national average. One of the worst tornadoes to hit the Murfreesboro metropolitan area was an F4 twister in 1997 that caused more than $5 million in damage. The good news is that a solid Murfreesboro homeowners insurance policy can cover the costs associated with a disaster of this magnitude.