Best and Cheapest Home and Auto Bundle Companies in Tennessee (2024)

MoneyGeek assessed home and auto insurance bundles based on a variety of criteria, including rates, customer satisfaction, discounts, third-party agency ratings and provided coverages. Tennessee's top two combined auto and home insurance providers are:

• State Farm: MoneyGeek score of 86 out of 100
• Allstate: MoneyGeek score of 73 out of 100

State Farm is MoneyGeek's top home and auto insurance bundle provider because they offer the best rates without compromising quality or service. Allstate also offers excellent coverage at a reasonable price with quality customer service.

MoneyGeek’s study found USAA to be the best insurance bundle provider in Tennessee. However, this provider's strict eligibility requirement limits its availability to military members and eligible family members. The company received a MoneyGeek score of 91 out of 100.

In Tennessee, there are various home and auto bundle providers. These companies offer consumers a range of discounts on their car and homeowners insurance.

Tennessee's average annual home and auto premium bundle reduction is $493, or 12% off the total cost. According to MoneyGeek’s analysis, State Farm has the largest discount of 25%, while Travelers has the lowest discount rate of 8%.

Although State Farm is a more affordable choice for many consumers due to its larger discounts, having a larger discount rate does not always equate to having the lowest price.

The bottom line is that customers should compare prices before choosing a certain company. Comparing each company's products and services will help you determine your eligible discounts.

According to MoneyGeek's research, the following insurance companies provide the most affordable home and auto insurance bundle in Tennessee:

• State Farm: $2,301 per year
• Allstate: $2,486 per year

However, keep in mind that the cheapest solution is not always the best for your specific consumer profile. MoneyGeek recommends thoroughly analyzing each insurance provider's benefits, drawbacks and features to maximize long-term financial savings.

Bundling your home and car insurance may not always be the cheapest choice. When you combine insurance policies from two different companies, you might be able to save more money. In other words, ignore bundles and just get the most affordable insurance for your home and the cheapest insurance for your car.

In Tennessee, though, this usually won’t save you money. According to MoneyGeek's research, the combination of State Farm auto and Allstate home insurance costs an average of $2,604 per year. The cost is still $303 more than State Farm's $2,301 average rate for a home and car insurance bundle.

Most individuals in Tennessee should consider combining their home and car insurance policies. This is because the rates for bundled policies are generally cheaper than if you purchased them individually. However, you should determine if bundling is the best choice for your unique profile. If not, you might consider purchasing both plans separately rather than together.