Tennessee Renters Insurance

Learn more about renters insurance in Tennessee.

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How to get affordable renters insurance in Tennessee

Renters insurance is an important form of insurance. It keeps your belongings safe in the event your rental property suffers damage from a common incident. A renters policy defends items in the event of fire, smoke damage, a wind storm, theft or vandalism and a variety of other circumstances.

Unlike auto insurance, renters policies aren’t priced specifically by state. Even still, there are surprisingly large differences in the price of renters insurance by state. Renters rates in states may differ based on the number of — and value of — renters policy claims filed in the state, and depend on the value of the belongings being insured.

Tennessee renters insurance is more expensive than the national average. The average annual cost of renters insurance in Tennessee is $218, $34 more expensive than the average across the nation.

The easiest way to get an affordable renters insurance policy in Tennessee is to compare rates and consider policies from as many insurance companies as possible. Learn how much renters insurance costs in Tennessee by reviewing the below data. Individual rates may vary depending on coverage options and the value of your belongings.

 
Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions
 

Renters insurance prices in Tennessee by company

Prices for renters insurance in Tennessee vary based on the insurance company you choose. Tennessee Farmers offers the most affordable renters insurance in Tennessee, at only $119 per year. This is less than the state average cost of $218, offering a 45% discount on average policy costs statewide.

Start looking for a renters policy by reviewing the most affordable Tennessee renters insurance carriers, listed below.

 
AFFORDABLE RENTERS INSURANCE COMPANIES IN TENNESSEE
Company Average Annual Rate in Tennessee
Tennessee Farmers $119
Safeco $137
Shelter $137
AAA $139
State Farm $151
 
 

Tennessee renters insurance costs by city

Not all Tennessee cities have equal renters insurance rates. Rates are determined based on on locally specific variables such as the number of claims filed nearby, lending your ZIP code plenty of weight in deciding how much you pay.

The most affordable renters insurance in Tennessee is found in Kingsport. The average renters insurance policy in Kingsport costs $203 per year — $15 less than the state average. The below table shows the best places to live in Tennessee if you’re looking for cheap renters insurance.

 
CHEAPEST CITIES FOR RENTERS INSURANCE IN TENNESSEE
City Average 12-Month Renters Insurance Rate
Kingsport $203
Brentwood $203
Franklin $205
Johnson City $205
Spring Hill $205
 
 

Are you looking for info on renters insurance for a specific city? Check out our listof the biggest metropolitan areas in Tennessee.

  1. Memphis
  2. Nashville

 

Renters insurance in TN by coverage tier

Your renters insurance rates will vary depending on the amount of coverage you purchase. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Tennessee, the annual cost differential between these levels is roughly $94. If you can afford the up-front expense, it's worth considering.

Coverage Level Average Annual Renters Insurance Rate in Tennessee
$25K Property $171
$50K Property $265
 

Tip: bundle auto and renters insurance in Tennessee

If you're trying to save on insurance, consider carrying your renters and auto policies with the same insurance company. Bundling auto and renters insurance in Tennessee can save you a substantial sum each month on car insurance. Purchasing bundled policies in Tennessee leads to a yearly savings of $91.

CAR AND RENTERS BUNDLING DISCOUNTS IN TENNESSEE
Avg. Annual Rate (No Bundle) Avg. Annual Rate (w/ Bundle) Annual Savings ($) Annual Savings (%)
$1,427 $1,336 $91 7%
 

Tennessee renters insurance FAQs

 

Is renters insurance required in Tennessee?

Tennessee does not require you to carry renters insurance, though it is highly recommended. It can, however, be required by your landlord.

What does Tennessee renters insurance cover?

Renters insurance covers your home's personal property, personal liability, medical bills, and temporary living expenses in the event that your home becomes uninhabitable. The specifics of each policy may differ depending on which company you choose.



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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

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