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Best homeowners insurance in Tennessee for 2022

Updated Dec 05, 2022
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How Bankrate chose the best home insurance companies in Tennessee

To find the best Tennessee homeowners insurance companies, Bankrate analyzed average rate data from Quadrant Information Services for each provider. We also looked at third-party scores from J.D. Power and financial strength ratings from AM Best to determine which providers were the best in Tennessee.

We used these factors to award each company a Bankrate Score with a maximum of 5 points. Bankrate Scores are calculated using criteria like affordability, third-party ratings, online and mobile tools, and coverage options. If you are looking for the best Tennessee homeowners insurance companies, Bankrate Scores can be a valuable comparison tool to help you determine whether a company provides a well-rounded customer experience, with good scores in multiple categories, rather than excelling in just one area.

Best home insurance companies in Tennessee

Based on Bankrate’s analysis, the best homeowners insurance companies in Tennessee are USAA, State Farm and Auto-Owners. These three providers were rated above average for overall customer satisfaction in J.D. Power’s 2022 Home Insurance Study and offer below-average rates on homeowners insurance.

USAA
Rating: 4.8 stars out of 5
4.8
Bankrate Score
Info Hover for more
Average annual premium
$1,191
J.D. Power
882
/1,000
AM Best
A++
Get a quote
State Farm
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
Average annual premium
$1,953
J.D. Power
835
/1,000
AM Best
A++
Read review
Auto-Owners
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info Hover for more
Average annual premium
$1,252
J.D. Power
831
/1,000
AM Best
A++
Get a quote
Allstate
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info Hover for more
Average annual premium
$990
J.D. Power
829
/1,000
AM Best
A+
Get a quote
Travelers
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info Hover for more
Average annual premium
$1,678
J.D. Power
800
/1,000
AM Best
A++
Get a quote
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Not officially ranked by J.D. Power due to eligibility restrictions

Best home insurance company for military-specific coverage

J.D. Power:
882 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,191
USAA Insurance review

Explore Bankrate's review

Best home insurance company for customer service

J.D. Power:
835 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,953
State Farm Insurance review

Explore Bankrate's review

Best home insurance company for optional coverages

J.D. Power:
831 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,252
Auto-Owners Insurance review

Explore Bankrate's review

Best home insurance company for digital tools

J.D. Power:
829 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 990
Allstate Insurance review

Explore Bankrate's review

Best home insurance company for discount opportunities

J.D. Power:
800 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,678
Travelers Insurance review

Explore Bankrate's review

How much is homeowners insurance in Tennessee?

The average home insurance cost in Tennessee is $1,644 annually for $250,000 in dwelling coverage, based on 2022 rate data. This is well above the national average of $1,383. When compared to a few of its southern neighbors, Tennessee averages less than Kentucky and Mississippi, which each come in around $1,820 and $1,840 each year, respectively.

There are several factors that contribute to the cost of home insurance in Tennessee. For example, certain areas of the state can experience flooding and storm surges due to heavy rain storms. Wildfires and tornadoes are also a concern in Tennessee, which can cause extensive property damage.

Home insurance in Tennessee

The volatile weather conditions in Tennessee are one of the many factors impacting the rates for homeowners insurance and might be useful to take into consideration as you are building your policy.

Common causes of loss in Tennessee

Tennessee is no stranger to natural disasters. The state is often hit by severe storms in both summer and winter, and includes flooding, wildfires and tornadoes. Some of the most common causes are:

  • Wildfires: A state analysis found that 37% of Tennessee’s population live in an area at risk for wildfire. Although fire is a standard peril on home insurance policies, you may want to talk with your agent to confirm that wildfire damage would be covered.
  • Wind: Over 34% of homeowners who filed a claim in 2019 did so due to windstorms. Tennessee specifically is vulnerable to wind damage caused by destructive tornadoes. At least 11 touched down on May 4, 2021.
  • Severe weather: Besides tornadoes, thunderstorms are common and could cause damage from lightning strikes and heavy rains. Fortunately, a standard HO-3 typically covers lightning and hail damage from storms.
  • Flooding: In 2021, some parts of Tennessee were devastated by flooding. Flood damage can add up quickly, but Tennessee homeowners should know that it is not covered by standard homeowners insurance.

Home insurance coverage options in Tennessee

In addition to the standard clauses on most home insurance policies, Tennessee homeowners might also want to be aware of the possible need to explore additional coverage for:

  • Sinkhole insurance: A sinkhole can literally swallow up all or part of your property, and Tennessee is one of the most likely states to experience damage from sinkholes. Sinkholes are not covered in a standard policy, but a separate sinkhole insurance policy could protect your property if your area is at risk.
  • Flood insurance: Flood insurance is another common insurance expense in Tennessee, although it does not come standard on policies. One great resource to check out is the Federal Emergency Management Agency (FEMA) Flood Map Service Center to see what the risk is near you. You can also purchase coverage through FEMA’s National Flood Insurance Plan (NFIP), although some private insurance companies also sell flood coverage.
  • Wildfire insurance: Although Tennessee is not one of the top states for wildfires, they are becoming more common. In 2021, there were 550 wildfires reported in Tennessee, resulting in 4,937 acres burned.

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Quick Facts
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$382/year
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Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
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100% of homes
need insurance before getting a mortgage
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Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

Edited by Insurance Editor
Reviewed by Assistant Vice President & Claims Field Manager