We evaluated insurance quotes for a sample 2,000 square foot home in 70 cities across Tennessee to determine which cities had the highest and lowest annual home insurance costs. Based on this sample, we found that Tennessee homeowners pay an average of $1,716 per year for home insurance. Below we profile a number of cities in Tennessee and evaluate their price differences for homeowners insurance. Read more about our findings below or use our toolbar above to find the best homeowners insurance quotes in your area.
Cheapest Home Insurance Companies in Tennessee
We gathered quotes for our sample home across 70 cities from Farmers, Nationwide, State Farm and Allstate. Quotes from each company were averaged to find which insurance companies had the cheapest home insurance rates in Tennessee. Of the companies surveyed, we found that, on average, Farmers offers the best home insurance rates for the state of Tennessee at $1,084 per year. The graph below shows the average annual costs to insure our sample home by company:
Find the Cheapest Homeowners Insurance Quotes in Your Area
Homeowners Insurance Rates in Tennessee's Largest Cities
We evaluated homeowners insurance rates across the ten largest cities in Tennessee. Our study used control variables including the age of the home, square footage, replacement cost, construction type and roof type, to gather comparable quotes across a number of home insurance companies. We found that, on average, the homeowners in the ten largest cities pay 9% less than the rest of the state for home insurance. The average cost for homeowners insurance in Tennessee’s ten largest cities is $1,567 per year.
Memphis is the birthplace of rock ‘n’ roll and starting point for famous rock legends including Elvis Presley, B.B. King and Johnny Cash. Today it sits as one of the most populous cities in Tennessee. The music culture in Memphis runs deep, with famous landmarks dotting the city including Beale Street, the Memphis Pyramid and Elvis Presley’s Graceland mansion. While the city features annual events like the Beale Street Music Festival, Memphis is about more than just music. For those who want to taste what Memphis has to offer, the city is widely renowned as the “Barbecued Pork Capital of the World” and stands shoulder to shoulder with other famous barbeque locales, including Texas and Kansas City.
The average annual cost for home insurance in Memphis falls just under the state average at $1,724 per year. Farmers offered the most expensive quote in our Memphis sample at $2,284 annually. Nationwide, the most affordable insurer in the city, quoted our sample home an annual rate of $989, less than half the cost of Farmers.
Nashville is the capital of the state of Tennessee, and holds the crown as the de-facto home of country music. The famous Grand Ole Opry has hosted weekly concerts since its inception in 1925 and continues to be the longest running radio show in the world. Some of the largest names in country music can trace their roots to Nashville, including Dolly Parton, Keith Urban and George Jones. Today, Nashville serves as an epicenter for southern music and food. There isn’t a soul in the south that doesn’t know about Nashville’s famous hot chicken, and its acclaimed barbeque offerings continue to excite the palates of visitors from around the world.
The cost of insuring a property in Nashville averages $1,407 – 18% below the state mean. Home insurance rates in Nashville fall on the lower end of the spectrum. Nationwide offers the best average annual home insurance rate at $1,059, followed by Farmers at $1,107. Allstate and State Farm quoted us the most expensive rates of $1,702 and $1,759, which fall just around the state average.
Knoxville is the third largest city and was the first capital of Tennessee when the state was originally founded in 1796. The city of Knoxville was originally named after America’s first secretary of war, Henry Knox, and holds a rich historical lineage. Due to its strategic location, both the Confederate Army and later on, the Union Army established Knoxville as a headquarters for operations during the Civil War. Today, Knoxville continues to serve as the headquarters for the Tennessee Valley Authority and is also one of the most pet-friendly cities in the United States. ValuePenguin ranks it number eight on our list of Best Cities for Dog Owners.
Farmers quoted the best home insurance rate of $848 for our sample home in Knoxville. State Farm offered the most expensive rate of $1,693, which is almost double the rate offered by Farmers. Overall, Knoxville’s homeowners insurance rates are 28% lower than the state average, making it the fourth cheapest city for homeowners insurance in Tennessee.
Chattanooga’s name is derived from the Creek Indian word for the nearby Lookout Mountain, literally translated as, “Rock Rising to a Point.” Chattanooga is the fourth largest city in Tennessee and played a pivotal role during the Civil War; both the decisive Battles of Chattanooga and Chickamauga were fought along its outskirts. The nearby Chickamauga Chattanooga National Military Park was established through the efforts of veterans from both sides after the Civil War, and remains the oldest and largest military park of its kind. Today, Chattanooga is a vibrant river city surrounded by scenic mountains and rolling hills, earning it the nickname, the “Scenic City.”
The average annual home insurance quote in Chattanooga is $1,461, which is 15% below the state mean. If you’re looking for affordable home insurance rates in Chattanooga, we suggest beginning with Farmers, which quoted us a $1,123 annual rate for our sample home. Allstate and State Farm offered the most expensive rates of $1,721 and $1,753 respectively.
Clarksville is the fifth largest city in Tennessee and is named after General George Rogers Clark, a revolutionary war hero and older brother of William Clark from the Lewis and Clark Expedition. Today, Clarksville is known to some as the Gateway to the South, located on the banks of the Cumberland River, and is home to one of the largest military bases in the country. The nearby base is a major employer and key contributor to the city’s growth; Clarksville is a well-known veteran’s town and has one of the highest percentages of veteran residents in the nation.
The mean annual home insurance quote in Clarksville is $1,451 – 15% below the state average. State Farm quoted the most expensive rate in Clarksville at $1,727 per year, which is $766 more expensive than the cheapest quote provided by Farmers of $961.
Murfreesboro is the sixth most populous city in Tennessee. Due to its central location, it was formerly the capital of Tennessee from 1818 through 1826. Today, Murfreesboro is the fastest growing city in Tennessee and the 13th fastest growing city in the nation. The city is home to the Middle Tennessee State University which holds the largest undergraduate enrollment in the state. The city’s rapidly growing population and influx of well-educated college graduates has contributed to a general hike in real estate prices, making home prices in Murfreesboro among the most expensive in Tennessee.
Home insurance rates in Murfreesboro are 3% higher than the state average. The average home insurance quote for our sample home in Murfreesboro was $1,768, which is $52 more expensive than the state mean. State Farm and Allstate quoted us the most expensive annual home insurance costs of $2,210 and $2,092, respectively.
Jackson is the seventh largest city in Tennessee. It’s located at the center of the Americana Music Triangle, right between Nashville and Memphis. Jackson is a cardinal music city in its own right; American music legend and rockabilly pioneer Carl Perkins is buried in Jackson’s Ridgecrest Cemetery. Jackson is also home to the first very first Hard Rock Café in the United States, established by Jackson native Isaac Tigrett.
Our research found that the average annual home insurance premium in Jackson is $2,030, which is $314 greater than the state average. Farmers and Nationwide offered quotes of $1,415 and $1,710 respectively, while Allstate and State Farm both quoted rates above the state average at $2,469 and $2,527.
Johnson City, TN
Located at the base of the Appalachian Ridge-and-Valley Province, Johnson City is within a stone’s throw of the scenic Blue Ridge Mountains, spanning over 6,000 feet in elevation. Nearby Buffalo Mountain Park offers steep slopes for outdoors enthusiasts, and rewards those who dare to scale its cliffs with a breathtaking view of the surrounding valley. Johnson City’s proximity to mountain ranges and river rapids make it a top destination for lovers of the outdoors.
Johnson City’s home insurance rates fall on the lower end of the spectrum. On average, residents of Johnson City pay 26% less for their home insurance than the average resident in Tennessee. Farmers offered the best annual home insurance rate of $838, while State Farm quoted the most expensive annual rate of $1,585 per year.
Located just 21 miles south of Nashville, Franklin is rooted in southern charm and acknowledged by its residents as the heart and soul of Americana. Health and manufacturing are the top two private industries in Franklin and Williamson County is known globally as a major healthcare hub. Several healthcare companies have established their headquarters in and around Franklin, including Community Health Systems Inc, UnitedHeathcare and the Williamson Medical Center.
Based on our study, Franklin’s average homeowners insurance rates are 14% less expensive than the state mean. Residents pay an average of $1,479 per year for homeowners insurance. Farmers offered the cheapest quote of $1,053, followed by Nationwide, which offered a rate $1,192. Allstate offered the single most expensive quote of $1,847 per year.
Rounding out the ten largest cities in the state of Tennessee is Bartlett. In its early days, Bartlett was known as Union Depot, and the city was the last major way station in Tennessee for stagecoaches venturing westward. Originally an agrarian community, the city was renamed Bartlett after it was incorporated in 1866. Although "Union Depot" is no more, the CSX Railroad System still operates through Bartlett city center and the official logo of Bartlett Station Plaza remains the stagecoach.
The average annual homeowners insurance rate in Bartlett is $1,845 which represents an 8% premium over the state average. Farmers quoted the cheapest home insurance rate of $1,506 while Nationwide quoted the most expensive rate of $2,311.
Least Expensive Homeowners Insurance in Tennessee: by City
This graph shows the five most affordable cities for homeowners insurance in our study. The cities are listed in order of mean price, starting with the lowest average annual home insurance quote and counting up. We found that Morristown is the cheapest city in Tennessee for homeowners insurance. On average, Morristown residents pay $1,192 annually, 31% less than the state average.
As previously mentioned, Morristown is the most affordable city in Tennessee for homeowners insurance. On average, Morristown residents pay $524 less for their homeowners insurance than the average Tennessee resident. In our study, Farmers quoted the cheapest annual home insurance rate of $674 while State Farm quoted the highest annual rate of $1,866.
Kingsport is the second most affordable city for home insurance in Tennessee. The mean annual home insurance quote in the city is $1,212, which is 29% cheaper than the state average. The most affordable annual rate in Kingsport was quoted by Farmers at $835.
Seymour ranks third on our list of most affordable cities for home insurance. The average annual home insurance quote gathered for the city of Seymour is $1,227, which is $489 lower than the state mean. Nationwide provided our lowest quote of $786.
Knoxville is the third largest city in Tennessee and offers the fourth most affordable home insurance rates in the state. Residents pay $1,236 per year on average, which is $480 less than the state average. The cheapest quote in Knoxville was offered by Farmers at $848 a year.
Rogersville ranks fifth on our list of the most affordable cities for home insurance. On average, residents pay $1,261 annually for homeowners insurance, which is a 27% discount to the state mean. The cheapest annual homeowners insurance quotes in Rogersville were provided by Farmers and Nationwide at $642 and $896, respectively.
Most Expensive Homeowners Insurance in Tennessee: by City
This graph shows the five most expensive cities for homeowners insurance in our study. The cities are listed in order of price, starting with the highest average rate and descending. Our research found that the most expensive city for homeowners insurance in Tennessee was Woodbury, where we were quoted an average annual rate of $2,453, which is 43% greater than the state average.
We studied 40 cities, spread out geographically across the state of Tennessee. The sample home we reviewed was built in the year 2000, had 2,000 square feet across two stories, and cost $200,000. Quotes for this home were obtained from Allstate, Nationwide, State Farm and Farmers insurance companies, then rates were averaged for each city. To see an alphabetical list of all the cities included in the analysis, please see below. We've displayed all cities surveyed, from Ashland-City to Woodbury, with the average annual cost of insurance for the benchmark property, and how much home insurance in each city costs relative to the state average.
|Rank||City||Average Insurance Rate||Cost Compared to State Average|