Updated: December 4, 2024
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Erie is the best home insurance company in Tennessee, offering the most cost-effective option and ideal for insuring new homes. State Farm is the top option for higher dwelling coverage limits. Our comparisons use a $100,000 dwelling coverage limit, but other coverage amounts may impact your premium.
MoneyGeek also analyzed the cheapest home insurance in Tennessee for those prioritizing budget over service quality.
In Tennessee, the best overall homeowners insurance provider is Erie, earning a MoneyGeek score of 89 out of 100, with an annual premium of $1,243. Auto-Owners Insurance follows as the runner-up, with a MoneyGeek score of 86 out of 100 and a yearly cost of $1,373. Erie's blend of affordability and quality service makes it an excellent choice for many homeowners in the state.
In Tennessee, Erie offers the most affordable homeowners insurance at $1,228 per year, providing an excellent balance of value and high-quality service. A notable runner-up in terms of cost is Auto-Owners Insurance, which also delivers reliable coverage options.
Erie is the best homeowners insurance provider for customer service in Tennessee, with a MoneyGeek score of 92 out of 100. The runner-up is Auto-Owners Insurance, which has a score of 86 out of 100.
Why Trust MoneyGeek? We analyzed data from the Tennessee Department of Commerce and Insurance and Quadrant Information Services to identify the best homeowners insurance options in the state.
Home insurance rates in Tennessee represent the latest quotes as of July 2024.
Erie offers the best home insurance in Tennessee. These top companies provide high-quality coverage and exceptional service:
Homeowners have many options, each varying by cost and service quality. Balancing affordability and excellent service is essential for financial protection and peace of mind.
Erie Insurance offers exceptional client care with an average annual premium of $1,243.
Erie's advance quote discount rewards homeowners who get a quote and commit to a new policy before their current one expires. Its Guaranteed Replacement Cost coverage ensures full home replacement without deducting for depreciation, protecting against financial loss after a disaster.
Erie is Tennessee's best home insurance provider based on service quality.
Valuing service quality in a home insurance provider means prioritizing reliable support, fair claims handling and a straightforward resolution process. Homeowners should choose a provider they can count on during stressful times, such as after a natural disaster or theft.
With a perfect customer satisfaction score of 65 out of 65, Erie Insurance stands out in Tennessee for exceptional service quality.
Erie's guaranteed replacement cost coverage ensures homeowners can rebuild their homes to their original state even if costs exceed policy limits. Its scheduled personal property coverage boosts protection for valuables like jewelry and art beyond standard policy limits.
Erie is the leading choice for affordable home insurance in Tennessee. Check the best homeowners insurance providers for those on a budget:
Considering the average cost of home insurance in Tennessee, choose a provider like Erie that strikes a balance between cost and quality. For instance, a homeowner facing unexpected damage will benefit more from a responsive and supportive insurance company.
Erie earns a remarkable affordability score of 67 out of 75, with an average annual premium of $1,243.
Discounts like multi-policy bundles and credits for installing protective devices allow policyholders to lower costs. The guaranteed replacement cost coverage ensures full home rebuilding after a loss, regardless of cost, while the scheduled personal property coverage provides extra protection for valuables like jewelry.
State Farm is Tennessee's top provider for insuring expensive properties. These are the best options for homeowners needing $1 million dwelling coverage:
It's crucial to get enough coverage without overspending for insuring high-value homes. Homeowners should choose a provider with a good balance of value and quality.
State Farm excels in Tennessee for high-value homes with an affordability score of 51 out of 55 and an average annual premium of $5,906. Homeowners can save more with the protective device discount, which rewards safety and security upgrades.
State Farm provides coverages such as scheduled personal property, which protects high-value items like jewelry and electronics. It also offers an add-on that covers water damage from sewer or drain backups.
Erie is Tennessee's top choice for securing new homes valued at $500,000.
Erie's perfect affordability and customer satisfaction scores reflect an exceptional balance of value and quality service.
Erie is the best choice for insuring new homes in Tennessee, with a perfect affordability score of 55 out of 55 and an average annual premium of $1,738. You can lower your home insurance costs through early payment and multi-policy discounts. Erie also offers guaranteed replacement cost coverage, ensuring full rebuilding of your new home if it's destroyed.
USAA is the best home insurance provider for veterans and military families in Tennessee. Consider these top homeowners insurance companies for veterans:
The best homeowners insurance for military families is tailored to their needs, accommodating frequent moves and deployments to ensure full protection of their homes and belongings.
USAA, catering exclusively to military members and their families, excels with an affordability score of 52 out of 55 and a perfect customer satisfaction score of 30 out of 30. Its average annual premium is $1,024.
Its personal property replacement cost coverage replaces belongings at full value without deducting for depreciation. USAA offers loyalty and smart home technology discounts.
The ideal homeowners insurance companies balance adequate coverage and reliable customer service with affordable premiums. Here's how to find the right policy for you:
Evaluate the specifics of your property to determine how much home insurance coverage you need. Consider the value of your home and possessions and location-specific risks.
Review multiple insurance providers, examining their reputation for service, claims handling and financial stability. Look for customer reviews and ratings to assess their reliability accurately.
Get quotes from multiple insurers, ensuring the coverage terms are comparable. Use online tools to compare home insurance quotes to streamline the process and check premium differences for similar policies.
Know each policy's specifics, including coverage for natural disasters, personal property damage and liability. Know what's covered, what's not and the claims process.
Speak with an independent insurance agent whose expertise can guide you toward a policy that meets your needs at the best cost.
Homeowners in Tennessee are not legally required to have flood insurance. Yet, purchasing flood insurance in Tennessee provides extra coverage for flood-prone areas.
Selecting the best homeowners insurance company depends on your coverage needs and financial situation. To help you decide, we've answered common questions about Tennessee's top insurance providers.
Erie is the overall best home insurance provider in Tennessee, with a MoneyGeek score of 89 out of 100.
Erie provides the cheapest homeowners insurance in Tennessee, with an average annual premium of $1,243. Homeowners who qualify for discounts can reduce their costs further.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
