Best Homeowners Insurance in Tennessee (2023)
For residents of Tennessee, homeowners insurance is available from some of the top companies in the industry. There are many home insurance companies that provide services in the state, but they can differ in terms of factors like coverage, cost, and customer service quality.
Keep reading to learn about the best homeowners insurance providers in Tennessee.
Tennessee’s Top 4 Homeowners Insurance Companies
The highest-rated homeowners insurance companies in Tennessee include:
- Lemonade: Easiest Sign-Up
- Allstate: Best Coverage Options
- Farmers: Most Customizable Coverage
- Amica®: Best Customer Service
Lemonade: Easiest Sign-up
- J.D. Power Rating: N/A
- AM Best Rating: NR
Lemonade is a relatively new company, launched in 2015. It’s made an impact on the homeowners insurance industry in a short amount of time with its emphasis on technology and accessibility. In contrast to most home insurance providers, Lemonade is a peer-to-peer provider, meaning that customers are grouped into peers and pool their premiums into a collective pot. Any leftover money at the end of the year is donated to charity. Lemonade offers a convenient mobile app, and nearly a third of claims are handled in less than 10 seconds.
Pros and Cons of Lemonade Home Insurance
✔ Easy-to-use mobile app
✔ Charitable Giveback program
✔ Nearly a third of claims handled instantly
✘ Not available nationwide
Lemonade offers several discounts:
- Fire protection
- Protective devices
- Gated community
Lemonade offers a range of add-on coverages.
- Scheduled personal property: Covers the cost to replace damaged or stolen valuable items like jewelry, art, and furs
- Home business: Covers operating a business out of the home
- Earthquake: Covers the cost of repairing and rebuilding structures after damage from an earthquake
- Sewer backup: Covers cost of damage to home after sewer backup
Get Quote: Lemonade Home Insurance Quote
Learn More: Lemonade Home Insurance Review
*AM Best ratings accurate as of August 2023
Allstate: Best Coverage Options
As the second-largest home insurance company in the US, Allstate has strong financial backing and a solid reputation in the industry. We rank it the best overall because it has comprehensive coverage, including many customization options. Its wide range of endorsements includes electronic data recovery, identity theft protection, and more. Allstate also offers top-notch customer service, with a 24/7 call center devoted to all types of insurance questions—not limited to just claims, like some of Allstate’s competitors.
Pros and Cons of Allstate Home Insurance
✔ Extensive endorsement options to customize your policy
✔ Second-largest homeowners insurance provider in the U.S.
✔ 24/7 customer service for all insurance questions
✘ Average customer satisfaction ratings
Allstate offers a wide variety of discounts to help you lower the cost of your premium:
- Early signing
- Home alarm
- Storm shutter
- Easy Pay Plan
- Age 55 and retired
- Welcome and loyalty
Here is a sample of Allstate’s add-on coverage options. Homeowners insurance add-on coverages may differ from state to state, so you’ll need to check your quote to find out which ones are available in your area.
- Personal umbrella policy: Increases limits of personal liability coverage and adds coverage for lost wages and legal fees
- Earthquake: Covers repairs or replacement of your home after an earthquake
- Flood: Covers repair or replacement of your home in the event of a flood (required for homeowners in certain locations)
- Water backup: Covers water damage caused by clogged drains or sump pump failure
- Scheduled personal property: Covers valuable personal belongings, including jewelry, antiques, and more
- Business property: Covers computers and other home office equipment or equipment from a small business run out of the home
- Sports equipment: Covers golf clubs, skis, bicycles, and other sports equipment
- Identity theft protection: Covers legal fees and others costs associated with identity theft or fraud
- Green improvement reimbursement: Increases coverage to upgrade appliances with more energy-efficient uses after a loss
- Electronic data recovery: Covers costs from recovering lost computer data
- Yard and garden: Covers trees, landscaping, and ornamental plantings or adds coverage for lawn equipment
- Musical instruments: Covers valuable musical instruments
Get Quote: Allstate Home Insurance Quote
Learn More: Allstate Home Insurance Review
Farmers: Most Customizable Coverage
Farmers is a household name in the home insurance industry with a reputation that precedes it. Farmers made a positive impression with its claims forgiveness, waiving the surcharge if you go five or more years without filing a claim. The insurer also practices declining deductibles, meaning that every year your policy is in force, Farmers will take $50 off of your deductible.
Pros and Cons of Farmers Home Insurance
✔ Claim forgiveness
✔ Declining deductibles
✔ Available nationwide
✘ Fewer endorsements than competitors
✘ Website lacks some key details
Farmers offers several discounts to lower the amount you pay for your homeowners insurance:
- Protective devices
- New home
- Roofing materials
Farmers offers a few endorsements to help you round out your coverage.
- Eco-rebuild: Provides extra coverage to rebuild your home with green, energy-efficient materials after a covered loss
- Personal articles floater: Provides additional coverage for valuables like art, collectibles, or jewelry
- Identity Shield: Provides coverage if your identity is stolen, up to your policy limit
- Contents replacement cost: Provides the full replacement cost of stolen or damaged property (not less depreciation)
Get Quote: Farmers Home Insurance Quote
Learn More: Farmers Home Insurance Review
Amica: Best Customer Service
Amica offers high-quality, accessible customer service. The company stands out for its Contractor Connection program, which connects you to a pre-approved contractor within as little as 24 hours to work on your repairs. You can track your project’s progress online and benefit from the contractor’s five-year workmanship warranty. Several discounts are available, along with affordable rates
Pros and Cons of Amica Home Insurance
✔ Extensive coverage
✔ Affordable rates
✔ Contractor Connection
✘ Not available in Alaska and Hawaii
✘ Does not use local agents
Amica offers a range of discounts:
- Alarm system
- Automatic detection devices
- New and remodeled homes
Amica offers a range of optional add-on protections.
- Personal property replacement: Fully covers the replacement cost for stolen or damaged items, instead of depreciated value
- Scheduled personal property: Offers more extensive protection for valuable items like jewelry or antiques
- Automatic dwelling coverage increase: Increases coverage limits when the cost to rebuild your home exceeds what your underlying policy allows
- Credit card: Covers up to $5,000 if your card is used fraudulently
- Water backup/sump pump failure: Covers damage from water backup and sump pump failure
- Computer: Covers computers, tablets, smart televisions, and smartphones
- Catastrophic: Covers damage due to earthquakes and floods
- Liability and medical payment: Increases liability coverage for legal fees and medical expenses
Learn More: Amica Home Insurance Review
Compare the Best Homeowners Insurance Companies
The best homeowners insurance companies in Tennessee offer comprehensive coverage, a wide range of optional add-on endorsements, and affordable rates to their customers.
|Link||Best For||Star Rating|
|Lemonade||Get Quote||Easiest Sign-Up|
|State Farm||Get Quote||Best Endorsements|
|Allstate||Get Quote||Best Coverage Options|
|Travelers||Get Quote||Most Experience|
|American Family||Get Quote||Most Comprehensive Coverage|
|Liberty Mutual||Get Quote||Best Discounts|
Industry-Standard Home Insurance Coverage
Most homeowners insurance companies offer six basic forms of protection—dwelling, other structures, personal property, loss of use/additional living expenses, personal liability, and medical payments to others. Each of the top companies in Tennessee offers these protections. You can find a breakdown below.
Dwelling + other structures
Covers the cost of repairing or replacing the home’s interior and exterior, in addition to any other structures on the property
Covers the replacement of personal possessions, including clothing, electronics, and furniture
Covers attorney fees, court fees, and damages resulting from someone being injured on your property
Loss of use/additional living expenses
Covers living expenses like dining and accommodations if your home is temporarily uninhabitable due to covered damage or destruction
Medical payments to guests
Covers the medical expenses if someone is injured in your home
Which is the Best Home Insurance in TN for You?
The top companies we chose stand out from the rest with features that set them apart, ranging from technology to customer service. Lemonade is a newcomer that made a splash with speedy technology and a charitable edge and an easy sign-up process.
Allstate is a great option, with comprehensive coverage, many customization options, and a 24/7 call center. Amica offers the highest-quality customer service, including its Contractor Connection feature. Farmers stands out for its declining deductibles and claims forgiveness, and
Before you purchase a homeowners insurance policy in Tennessee, we recommend getting a free quote from all four providers to compare coverage and pricing by calling 855-948-5219 or entering your ZIP code below:
FAQs About Homeowners Insurance in Tennessee
Who needs Tennessee homeowners insurance?
Although the state does not require individuals to purchase homeowners insurance, it is a good idea to purchase a policy. Homeowners insurance covers incidents that home warranties do not. If, for instance, your home is damaged or destroyed in a fire, that won’t be covered by your home warranty. Your homeowners insurance policy can save you thousands in unexpected repairs.
What other insurance companies are available in Tennessee?
We selected our top choices, but there are other worthwhile options for Tennessee homeowners insurance. We suggest you look into Liberty Mutual, State Farm, and USAA.
What is covered by Tennessee homeowners insurance?
Tennessee homeowners insurance covers the six primary industry protections—dwelling, other structures, personal property, loss of use/additional living expenses, personal liability, and medical payments to others—in addition to specific endorsements offered by each company.
Our Rating Methodology
The This Old House Reviews Team is committed to providing comprehensive and unbiased reviews to our readers. This means earning your trust through transparency and having the data to back up our ratings and recommendations.
With that in mind, we created an objective rating system to score each home insurance company. Here’s what that review process looked like:
- We analyze the information on each company’s website. This allows us to determine what products and services are offered by each home insurance provider.
- We get a sample quote from the companies by either talking to a sales representative or by using the online quote tool. This tells us what a policy looks like and costs.
- We test customer service by talking to a company representative, finding out their hours of operation, and determining what technological features are available for customers.
- We update all of this information on a continuous basis, storing it in a proprietary database that allows us to compare dozens of home insurance companies against each other.
With this data, we created a rating methodology to score each home insurance company. Our rating system is a weighted, 100-point scale based on the following factors:
- Coverage (30): We rated home insurance companies higher if they offered the six main types of homeowner protection—dwelling, other structures, personal property, loss of use, liability, and medical payments to others coverage.
- State availability (7.5): Companies scored higher if they covered more states than their competitors.
- Customer service (15): This factor is based on our communications with the company representatives, as well as the companies’ claims and quotes processes, availability throughout the week, and customer service information found on their websites.
- Technology (12.5): Technology can increase the efficiency of filing and tracking home insurance claims. Companies scored higher if they had technology options like mobile apps and online chat functions.
- Reputation (20): We gauged trustworthiness based on years of experience and Better Business Bureau ratings.
- Additional benefits (15): Companies that offered optional features, like discounts and endorsements, scored higher than competitors that didn’t.
The This Old House Reviews Team has a full-time researcher who collects and regularly updates data points from every company to help us compare them on key factors such as coverage, service, and dependability.
To share feedback or ask a question about this article, send a note to our Reviews Team at firstname.lastname@example.org.