The 3 Best Tennessee Homeowners Insurance Companies

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According to the Insurance Information Institute, the average yearly premium for home insurance in Tennessee ($1,139) is slightly above the nationwide average. At those prices, Tennessee homeowners truly need to be smart shoppers.

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 making a decision.

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.

Tennessee’s Best Home Insurance Companies

The Simple Dollar’s top three recommendations are:

  • Tennessee Farmers Mutual
  • Travelers
  • State Farm

Do I need sinkhole coverage in Tennessee?

Tennessee ranks as one of the states most vulnerable to sinkhole damage and is one of only two states, along with Florida, that require insurers to offer optional sinkhole coverage. Statistically, the chances of your property suffering sinkhole damage are low. On the off chance that it does happen, however, the damage and the cost to repair it could be significant. As you compare the best home insurance companies in Tennessee, ask each agent for a recommendation on sinkhole insurance.

Tennessee Farmers Mutual

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 $25 a year. Despite this annual fee, becoming a member can save you a lot of money — and not just on your homeowners insurance premium. Your membership also affords you a vast network of discounts both within Tennessee and nationwide. Moreover, the Farm Bureau provides identity theft consultation and restoration for everyone associated with your membership at no additional cost.

To become a member and see how much you can save on homeowners insurance, obtain an online quote from the Tennessee Farmers Mutual 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 an A+ from A.M. Best for financial strength 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 protective 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. Tennessee residents owning single-family homes, condos, farms and 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 your valuables.

State Farm’s online resource center and PocketAgent mobile app further 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.

The 3 Best Tennessee Homeowners Insurance Companies

To recap, The Simple Dollar recommends these providers:

  • Tennessee Farmers Mutual
  • Travelers
  • State Farm

Find the Best Home Insurance Rates

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.