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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. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Steve Ellis, CPCU, AIC, MBA, is a 30 year veteran of the insurance industry. His experience extends into training, operations, quality improvement, audit, compliance, claims technology, and data & analytics. Updated Nov 07, 2022 Find your perfect provider
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Collapse Caret Up Tennessee's is impressive. As such, finding the best homeowners insurance in Tennessee might be a priority for many residents. After all, the average cost of home insurance in the Volunteer State is $1,644 per year for $250,000 in dwelling coverage, or about $137 per month, according to Bankrate's 2021 study of quoted annual premiums. However, some carriers offer cheaper average rates, so Tennessee homeowners may be able to find a policy that is cheaper than the state average. But while the price is an important factor when shopping for Tennessee home insurance, it isn't the only consideration. You may also want to think about a company's coverage offerings, discounts, policy features and third-party reviews. Bankrate's research combines these factors to help you decide which companies might fit your situation. See more Collapse On This Page
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Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We've maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we're putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most - price, customer service, policy features and savings opportunities - so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we're putting accuracy first. On This Page
Tennessee's is impressive. As such, finding the best homeowners insurance in Tennessee might be a priority for many residents. After all, the average cost of home insurance in the Volunteer State is $1,644 per year for $250,000 in dwelling coverage, or about $137 per month, according to Bankrate's 2021 study of quoted annual premiums. However, some carriers offer cheaper average rates, so Tennessee homeowners may be able to find a policy that is cheaper than the state average. But while the price is an important factor when shopping for Tennessee home insurance, it isn't the only consideration. You may also want to think about a company's coverage offerings, discounts, policy features and third-party reviews. Bankrate's research combines these factors to help you decide which companies might fit your situation. See more 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. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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 $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average cost of home insurance in Florida is 19% higher than the national average. Florida insurance companies may have strict eligibility requirements that could be based, in part, on your home's features. Adding storm-resistant features to your home like hurricane shutters and roof straps might help you find the best coverage in high-risk areas. Homeowners who cannot purchase a private homeowners insurance policy may be able to get coverage from Citizens Property Insurance Corporation, Florida's last-resort state-run insurance provider, although the company's underwriting standards have tightened over the past year. Tennessee's is impressive. As such, finding the best homeowners insurance in Tennessee might be a priority for many residents. After all, the average cost of home insurance in the Volunteer State is $1,644 per year for $250,000 in dwelling coverage, or about $137 per month, according to Bankrate's 2021 study of quoted annual premiums. However, some carriers offer cheaper average rates, so Tennessee homeowners may be able to find a policy that is cheaper than the state average. But while the price is an important factor when shopping for Tennessee home insurance, it isn't the only consideration. You may also want to think about a company's coverage offerings, discounts, policy features and third-party reviews. Bankrate's research combines these factors to help you decide which companies might fit your situation. See more 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. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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 $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average cost of home insurance in Florida is 19% higher than the national average. Florida insurance companies may have strict eligibility requirements that could be based, in part, on your home's features. Adding storm-resistant features to your home like hurricane shutters and roof straps might help you find the best coverage in high-risk areas. Homeowners who cannot purchase a private homeowners insurance policy may be able to get coverage from Citizens Property Insurance Corporation, Florida's last-resort state-run insurance provider, although the company's underwriting standards have tightened over the past year. Tennessee's is impressive. As such, finding the best homeowners insurance in Tennessee might be a priority for many residents. After all, the average cost of home insurance in the Volunteer State is $1,644 per year for $250,000 in dwelling coverage, or about $137 per month, according to Bankrate's 2021 study of quoted annual premiums. However, some carriers offer cheaper average rates, so Tennessee homeowners may be able to find a policy that is cheaper than the state average. But while the price is an important factor when shopping for Tennessee home insurance, it isn't the only consideration. You may also want to think about a company's coverage offerings, discounts, policy features and third-party reviews. Bankrate's research combines these factors to help you decide which companies might fit your situation. See more 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. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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 $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average cost of home insurance in Florida is 19% higher than the national average. Florida insurance companies may have strict eligibility requirements that could be based, in part, on your home's features. Adding storm-resistant features to your home like hurricane shutters and roof straps might help you find the best coverage in high-risk areas. Homeowners who cannot purchase a private homeowners insurance policy may be able to get coverage from Citizens Property Insurance Corporation, Florida's last-resort state-run insurance provider, although the company's underwriting standards have tightened over the past year. Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X 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.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Bankrate Scores are calculated on a five-point scale and primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. 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 and offer below-average rates on homeowners insurance. Insurance company Average annual premium J.D. Power AM Best Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,191 J.D. Power 882 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,953 J.D. Power 835 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,252 J.D. Power 831 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $990 J.D. Power 829 /1,000 AM Best A+ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,678 J.D. Power 800 /1,000 AM Best A++ (Superior) Powered by Coverage.com (NPN: 19966249) 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 . 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 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. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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 $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average cost of home insurance in Florida is 19% higher than the national average. Florida insurance companies may have strict eligibility requirements that could be based, in part, on your home's features. Adding storm-resistant features to your home like hurricane shutters and roof straps might help you find the best coverage in high-risk areas. Homeowners who cannot purchase a private homeowners insurance policy may be able to get coverage from Citizens Property Insurance Corporation, Florida's last-resort state-run insurance provider, although the company's underwriting standards have tightened over the past year. Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview USAA has the highest Bankrate Score on our list, but there is one catch: its policies are only available to current and retired military personnel and their families. If you are stationed at the Mid-South Naval base or Arnold Air Force Base, or you are closely related to someone who is, you could qualify for membership. Discounts are also tailored to military needs, such as for those on deployment who store their vehicles or those who garage their cars on a military base Although USAA does not qualify for official ranking with J.D. Power, it did receive a high score for customer satisfaction in the 2022 Home Insurance Study. Pros and cons CheckmarkPros Special discounts based on military needs Excellent customer service scores Close XCons Few local agents for in-person service Availability limited to military personnel and qualified family members Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview State Farm is known for its customer service and superior financial stability, with an A++ rating from AM Best. State Farm offers a handful of potential home insurance discounts, with savings for bundling a home and auto insurance policy, installing a home security system or fire alarm system, and having an impact-resistant roof. However, State Farm has limited add-on coverage options, so it's not the best provider if you want to customize your policy. Pros and cons CheckmarkPros Potential discounts available based on safety and upkeep of your home, like home security and fire alarm discount, and a roof discount Strong financial strength rating from AM Best Close XCons Limited add-on coverage options to tailor homeowners insurance policy Higher than expected customer complaints based on performance in National Association of Insurance Commissioners' Complaint Index Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview Auto-Owners is a large regional provider of homeowners insurance. The company stands out for its impressive list of optional coverages, including guaranteed replacement cost coverage, ordinance/law coverage, home cyber protection coverage, identity theft coverage and several others. The biggest disadvantage with Auto-Owners is that you must work with an agent to get a quote and purchase a policy, which is an additional step some may not prefer to take. Pros and cons CheckmarkPros Long list of optional coverage Strong financial strength rating from AM Best Close XCons Digital policy management tools may not be as robust as competitors Policy quoting unavailable online Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview Allstate stands out for its competitive average home insurance rates in Tennessee. In addition, Allstate has robust coverage options, like yard and garden, electronic data recovery and sports equipment coverage, along with extras like that help to keep your cost low even if you file a claim. The company also offers a robust mobile app and unique digital tools, like the Digital Locker, to help you gauge how much home insurance you might need. Although Allstate is a reputable provider overall, it earned the second-lowest Bankrate Score out of the Tennessee home insurance companies on our list. Pros and cons CheckmarkPros Variety of digital tools available to help understand how home insurance works In-person agencies offer tailored, local service Close XCons Financial strength rating from AM Best is not as strong as some of the other carriers on this list Ranked below average in J.D. Power's 2022 Home Insurance Study Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview If you are looking for a home insurance company in Tennessee that offers excellent discount opportunities, Travelers may be worth considering. Travelers offers potential savings for having a LEED-certified home, equipping your house with security and fire protection devices, insuring a newly purchased home, bundling your policies and more. In addition, Travelers offers a variety of endorsements for customized coverage. However, Travelers is rated lower than many other providers by J.D. Power for overall customer satisfaction, and it has the lowest Bankrate Score on our list of the top carriers in Tennessee. Pros and cons CheckmarkPros Extra discount opportunities for savings on home insurance Optional coverage available for customized home insurance policies Close XCons Ranked below average in J.D. Power's 2022 Home Insurance Study Mobile app usability may not be as built out as its competitors based on App Store and Google Play ratings Explore Bankrate's review How much is homeowners insurance in Tennessee
The 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.
Tennessee City Average annual premium for $250k dwelling coverage Knoxville $1,406 Memphis $2,106 Nashville $1,554 Chattanooga $1,492 Clarksville $1,607 Murfreesboro $1,653 Franklin $1,430 Johnson City $1,217 Jackson $1,926 Henderson $1,499 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: : A state analysis found that 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. : of homeowners who filed a claim in 2019 did so due to windstorms. Tennessee specifically is vulnerable to wind damage caused by destructive tornadoes. touched down on May 4, 2021. : 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. : In 2021, some parts of Tennessee were . 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: : A sinkhole can literally swallow up all or part of your property, and Tennessee is one of the 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 is another common insurance expense in Tennessee, although it does not come standard on policies. One great resource to check out is the 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. : Although Tennessee is not one of the top states for wildfires, they are becoming more common. In 2021, there were , resulting in 4,937 acres burned. 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. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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 $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Frequently asked questions
The will depend on the size and features of your home, the risks you want to insure against and your personal level of risk tolerance. More expensive homes generally need more dwelling coverage and you may need more coverage to insure against risks like flooding and sinkholes. You may be comfortable with lower limits if you have significant savings that you could use to repair your home, or you might want to make sure you have enough coverage to rebuild everything if it were destroyed.
To get home insurance, you first need to get quotes. You can often do this online or by phone, or you might visit a local agency. Understanding your needs and wants might help you narrow down which to look at. Getting quotes from several companies allows you to compare price, coverage options, discounts and third-party scores. Once you have chosen a company, a representative can walk you through the next steps.
Yes, flood insurance is required in certain situations. For example, if you live in a high-risk flood zone and you have a mortgage, your lender might require you to carry flood insurance in addition to your regular home insurance policy. However, even if flood insurance is not required, it may be beneficial. Standard homeowners insurance policies do not cover flood damage, even in the event of a natural disaster, so a flood policy can provide some extra peace of mind.
Home insurance in Tennessee can be expensive, but there are a variety of ways you may be able to get a lower premium. For starters, many home insurance carriers offer discounts and you can often get savings for bundling your home and auto insurance, paying your premium in full and setting up fire alarms or a home security system. You may also be able to lower your rate by raising your deductibles and improving your credit score. It may also occasionally benefit you to shop around for new to see if you can find a better rate from a different company. 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. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Steve Ellis, CPCU, AIC, MBA, is a 30 year veteran of the insurance industry. His experience extends into training, operations, quality improvement, audit, compliance, claims technology, and data & analytics.