Popular Questions about Tennessee Homeowners Insurance

The national average home insurance cost is $1,211 per year. Tennessee comes in just below that at $1,196 annually. Your home insurance rates will be specific to your property and exposures. 

In Tennessee, your homeowners policy will come with standard coverage options. Common limits are dwelling value, personal property, other structures, liability, medical payments to others, and additional living expenses. Each amount is tailored to your specifications and it protects against fire, theft, severe weather, and natural disasters. 

Every state will have its own laws regarding insurance, but homeowners coverage is not mandated by Tennessee law. A mortgage lender or someone else with a financial interest in your property will require proof of home insurance. Your Tennessee home's biggest threat is severe storms (35/per year) and tornadoes (26/per year), making the right coverage necessary to avoid a devastating loss. 

When carriers calculate your Tennessee homeowners insurance premiums they look at specific information. From personal data to outside elements like crime rates, there are many exposures that can impact your costs. The burglary rate per 1,000 people in Tennessee is 4.89, which can affect your home insurance pricing in a negative way. 

In Tennessee, you can expect to find a list of home insurance company options, making it difficult to know what's best. Safeco, Nationwide, Progressive, and Selective insurance companies are safe bets for your homeowners protection and are used often. These carriers are highly trusted for their custom coverage and affordable rates in Tennessee.

Do You Know What Your Tennessee Home Insurance Covers?

Find the Best Homeowners Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,211 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 for your structural coverage to be 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.