Best Homeowners Insurance In Tennessee For 2024

State Farm was our best overall pick because of its strong agent network in Tennessee, excellent customer satisfaction ratings, and affordable premiums. Its high J.D. Power service scores are essential, not only for the agent presence after severe storms but also for the number of claims adjusters and offices available across Tennessee.

With State Farm, you can choose a standard homeowners policy and add extra protection based on your needs. Available options include rebuilding to meet new ordinance requirements, identity theft, and coverage for valuables like jewelry and collectibles. State Farm holds an A++ financial strength rating from AM Best, the highest rating available.

Starting a quote with State Farm is simple online, but buying the policy itself requires a local agent. Policyholders can use the website or app to manage their accounts, file claims, and go paperless. Additionally, the website includes a helpful resource library for learning more about insurance.

Farmers is rated highly for both its home insurance perks and its “online experience,” with the latter being praised for clearly explaining these perks and discounts to insureds and future customers. Some of the perks offered include:

• Guaranteed Replacement Cost: Farmers will cover the full cost of rebuilding your home, regardless of the total expense.
• Declining Deductible: Each year your policy stays active, you’ll receive $50 toward your deductible.
• Claim-Free Discount: Get a discount on home insurance after three years of no claims.
• Claim Forgiveness: If you’ve been claim-free for five years, filing a claim won’t cause your premiums to rise.
• Multi-Policy Savings: Save as much as 34% on home insurance when you bundle additional policies with Farmers.

Farmers’ 9.3/10 rating reflects its lower J.D. Power customer satisfaction scores when it comes to policyholder service.

While Nationwide has earned an A+ (Superior) rating for financial strength from AM Best, it struggles with low customer satisfaction due to a high volume of negative online reviews. The company has a strong agent network across Tennessee, with many neighborhood offices.

With a standard home insurance policy from Nationwide, you receive protection beyond what most carriers offer, including reimbursement for credit card fraud and ordinance or law coverage for rebuilding to meet modern codes.

By customizing your policy with options like Better Roof Replacement, you can ensure that upgraded roofing materials will be covered if a qualified event requires their replacement.

With the Brand New Belongings option, Nationwide will cover the replacement cost of your possessions. After receiving the depreciated value, you can purchase replacements and send the receipts to get reimbursed for the cost difference.

Chubb provides Tennessee homeowners with the cheapest insurance, costing $1,362 per year on average—$1,170 less than the statewide average.

With Chubb, you get the lowest home insurance rates in Tennessee without compromising on coverage. Their policies are designed for high-value homes, and they’re renowned for their financial strength and customer service. You also benefit from extended replacement cost coverage, replacing or repairing items even if they’ve depreciated since purchase.

With 11 available home insurance discounts, Allstate surpasses the industry norm of seven. As a home insurance expert, I consider some of these discounts to be one-of-a-kind.

Allstate features discounts including:

Claims forgiveness: Keeps your premium from going up after filing a claim.
Claims-free: Earn 5% back when renewing if you have no claims for the year.
Deductible reward: $100 off your deductible just for signing up.
Bundle: Save up to 25% by bundling your auto and home insurance.
Automatic payment: Get 5% off by using automatic payments.
Loyalty: Save up to 10% when renewing with Allstate.
Home buyer: Discount for those who recently purchased a new home.
New home: Discount for insuring a newly constructed property.
Responsible payment: Get an additional discount for a solid payment history.
Early payment: Save up to 10% when buying a new policy seven days before your old one ends.
Protective device: Discount for adding theft and fire protection systems.

Nearly doubling the industry average of five, Allstate offers nine optional coverages for homeowners insurance. Along with common coverage like ID theft and scheduled personal property, they offer a unique yard and garden insurance option that increases protection for landscaping and lawnmowers.