The 3 Best Homeowners Insurance Companies in Tennessee

Advertiser Disclosure

The average yearly premium for home insurance in Tennessee is $1,185, according to the Insurance Information Institute, That is only $7 below the national average of $1,192.

Tennessee is one of the states most vulnerable to sinkhole damage, according to the U.S. Geological Survey. As you compare the best home insurance companies in Tennessee, ask each agent for a recommendation on sinkhole insurance.

To ensure that you find the right coverage for your home without breaking the bank, we’ve outlined our picks for the top providers of homeowners insurance in Tennessee and included a quote tool so you can get accurate estimates and compare policies before deciding.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Our Top Picks for Best Homeowners Insurance Companies in Tennessee

  • Tennessee Farmers Mutual
  • Travelers
  • State Farm

Tennessee Farmers

Claiming an A+ (excellent) rating from A.M. Best, Tennessee Farmers Mutual is the country’s largest farm bureau and owns nearly 20% of the Tennessee homeowners insurance market. Tennessee Farmers Mutual offers low-cost coverage to Farm Bureau members to protect all standard types of dwellings, farms, and commercial properties as well as personal property and liability coverage.

All Tennessee residents are eligible to join the farm bureau, and membership costs $30 a year per family. Despite this annual fee, becoming a member can save you a lot of money — and not just on your homeowners insurance. Your membership also affords you a vast network of discounts within Tennessee and nationwide. Moreover, the farm bureau provides identity theft consultation and restoration for everyone associated with your membership at no additional cost.

One of the biggest strengths Tennessee Farmers Mutual has to offer is that it is local. It even has a blog geared toward Tennessee homeowners.

To become a member and see how much you can save on homeowners insurance, obtain an online quote from the Tennessee Farmers website or visit your county’s local farm bureau office.

Travelers

Travelers is among the top well-rated, affordable homeowners insurance companies in Tennessee. The company has earned a superior A++ rating for financial strength from A.M. Best and 4.3 out of 5 stars for customer satisfaction, so you can expect quality service.

A standard policy from Travelers provides dwelling, personal property, and loss-of-use coverage, as well as liability insurance. Travelers offers a host of additional home coverage options, including identity fraud coverage, extra protection for your valuables, and green home coverage, which helps you replace and rebuild your home with green materials in the event of a covered loss.

Travelers extends discount opportunities for policyholders who bundle their homeowners insurance with auto coverage, install alarms and other protection devices to keep their home safer, and go claim-free for a certain period of time. Other discounts are afforded to customers with homes that are less than a year old and to certified green homes.

State Farm

State Farm is the largest provider of homeowners insurance in Tennessee and offers a wider selection of coverage than most of its competitors. Plus, its 4 out of 5 Power Circle Rating from J.D. Power puts it in the top tier of homeowners insurance companies. Tennessee residents owning single-family homes, condos, farms, ranches and manufactured homes can find an affordable State Farm policy that meets the needs of their specific living situation. Policies can be further customized by adding personal liability coverage, insurance for home businesses and extra protection for valuables.

State Farm’s online resource center and PocketAgent mobile app add convenience and support to your homeowners policy. State Farm offers articles, videos and interactive tools to help you determine how much coverage you need, keep track of your covered belongings and easily file a claim. The company is backed by one of the largest claims networks in the world, with hundreds of agents available to assist 24/7 if you experience a loss.

State Farm’s Premier Service and Contractor Locator Service programs can also connect you with reputable contractors in your area that can perform the repairs necessary to make your home safe and livable sooner.

How much is homeowners insurance in Tennessee?

The average Tennessee homeowners insurance premium is $1,185 a year, very close to the national average. Where you live in Tennessee will significantly affect your insurance premium, however. See the rate factors below.

Tennessee Rate Factors

Tennessee’s average homeowners insurance premium costs have been affected by a series of natural disasters. Besides earthquakes, Tennessee is vulnerable to flooding and tornadoes. In 2010, Nashville suffered a devastating flood that took a huge economical toll, killed 11 people and displaced thousands of people from their homes.

The 3 Best Tennessee Homeowners Insurance Companies

  • Tennessee Farmers Mutual
  • Travelers
  • State Farm

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Check out our insurance archives for more information and educational resources.