Learn more about renters insurance in Tennessee.Get a Quote at Lemonade
Why you can trust The Zebra
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.
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.
|Company||Average Annual Rate in Tennessee|
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.
|City||Average 12-Month Renters Insurance Rate|
Are you looking for info on renters insurance for a specific city? Check out our listof the biggest metropolitan areas in Tennessee.
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|
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 $91.
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Annual Savings ($)||Annual Savings (%)|
Tennessee does not require you to carry renters insurance, though it is highly recommended. It can, however, be required by your landlord.
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.
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.