The Best Cheap Homeowners Insurance in Hendersonville, Tennessee for 2024: Quotes and Reviews

Many Hendersonville homeowners insurance companies provide the same level of coverage at different price points. In order to find the cheapest home insurance company in Hendersonville for your needs, it’s important to compare rates. MoneyGeek evaluated home insurance rates in Hendersonville to find the best option for a variety of different types of homeowners.

The following companies offer the most affordable insurance policies with $250,000 in dwelling coverage:

• Erie: $1,502 per year.
• Auto-Owners Insurance Co: $1,507 per year

The following insurers provide the cheapest insurance with $2 million in dwelling coverage for Hendersonville homeowners with more expensive homes:

• Allstate: $8,391 per year
• Erie: $11,884 per year

USAA is the cheapest at $7,347 but it’s only available to military personnel and family members

Homeowners insurance rates vary by insurer and are typically determined by your specific coverage requirements. You can see how rates change when you adjust your coverage limits in the table below.

Personal property limits are $100,000 for plans with $250,000 in dwelling coverage, while policies with $2 million in dwelling coverage have limits of $800,000. Liability coverage of $100,000 is included in all policies.

You can review Tennessee home insurance costs if you reside in another Tennessee city.

Homeowners insurance in Hendersonville costs an average of $2,320 annually, compared to $2,103 nationally and $3,466 state-wide. Hendersonville's average annual premium rates are slightly higher than the national average but much lower than the state’s.

Insurance companies typically consider your coverage level, creditworthiness and other variables when calculating your home insurance premiums. Your home’s location is another important consideration, as insurers want to know whether your home is in a high-risk area for natural disasters, robbery, vandalism and other factors.

You can use the MoneyGeek calculator to see how home insurance rates in Hendersonville vary by location.

Most homeowners focus on affordability when selecting a home insurance company. When comparing Hendersonville home insurance providers, however, you should also consider the company's customer service record, financial stability, claim performance and response time.

The best Hendersonville home insurance companies are:

• USAA
• Auto-Owners Insurance Co

It’s important to note that USAA policies are available only to veterans and military families.

MoneyGeek determined the best home insurance providers in Hendersonville based on various factors including J.D. Power satisfaction ratings, rates, financial stability and quality service.

Compared to older homes, newly constructed dwellings are less costly to insure, because modern materials are more resistant to damage. In the event of an issue, newer materials are also easily replaceable.

A newly constructed home in Hendersonville costs an average of $1,447 to insure, while insurance for a home built in 2000 costs an average of $2,320 per year.

The following insurers offer the most affordable policies with $250,000 in dwelling coverage for newly built homes in Hendersonville:

• Auto-Owners Insurance Co: $940 per year
• Erie: $1,012 per year

Your home insurance’s personal property coverage protects you if the items you keep in your home are damaged. The more property you need to insure, the higher the premium. Insurance for $250,000 in personal property coverage costs an average of $2,610 in Hendersonville, compared to $2,320 for $100,000 in personal property coverage.

These insurers offer the cheapest policies for homeowners with high personal property limits:

• Allstate: $1,633 per year.
• Auto-Owners Insurance Co: $1,696 per year

Your deductible has an impact on your home insurance cost. A higher deductible means your home insurance costs will be lower, but you will pay more out of pocket if you file a claim. In Hendersonville, a policy with a $2,000 deductible costs an average of $2,102, while a policy with a $1,000 deductible costs an average of $2,320.

The following are the two cheapest home insurance companies for customers with high deductibles:

• Erie: $1,352 per year
• Auto-Owners Insurance Co: $1,366 per year

Hendersonville insurance companies use credit scores to calculate premiums, which means homeowners with poor credit pay more for home insurance. Insurance in Hendersonville costs an average of $5,155 if you have poor credit, but an average of $2,320 if you have good credit.

The following are the cheapest home insurance providers in Hendersonville for homeowners with poor credit:

• Auto-Owners Insurance Co: $1,507 per year
• Allstate: $3,889 per year

USAA is the second cheapest option for homeowners with poor credit. However, we excluded it from the list because the insurer isn’t widely available to the public. USAA only serves military members and their families.

When you shop in Hendersonville for home insurance, companies will ask you several questions. They use this information to generate personalized home insurance quotes for you. Questions to be prepared for include:

• The replacement cost of your home: This is an estimate of the cost of rebuilding your home, not the market value of your home. You can obtain an estimate from a building contractor or construction professional.
• The value of your personal property: This is the cash value of your personal property and gives insurers an idea of your personal property insurance needs.
• Personal information: Insurers may ask your age, contact information, marital status, education, employment history and financial information.
• Information about your house: Insurers will ask you several questions about your home, including your dwelling’s roof type, property design, layout, property size and more to help determine your coverage.

MoneyGeek analyzed homeowners insurance quotes from six of Hendersonville's largest insurance companies in partnership with Quadrant. Quotes were obtained for a dwelling with varying levels of coverage to determine affordability, and customer satisfaction scores were determined using J.D. Power surveys. Quotes were received for a 2000-built, 2,500-square-foot home with an average dwelling coverage of $250,000, $100,000 in liability coverage, $100,000 in personal property coverage, and a $1,000 deductible.

MoneyGeek also acquired quotes for various types of homeowners, including those with newly constructed homes, increased dwelling or personal property coverage needs, higher deductibles and poor credit scores.