Best Homeowners Insurance In Tennessee For 2024

State Farm was our first choice overall for home insurance in Tennessee. Financially, it’s strong and stable with the highest possible rating of A++ from AM Best. J.D. Power gives State Farm a very good rating, 829 /1000, in the area of policyholder satisfaction, because of its many glowing reviews online from happy customers. With many local agents, offices, and claims reps in Tennessee, you can count on State Farm to give you speedy, convenient service when needed.

State Farm has an abundance of good points for anyone searching for the best homeowners insurance. It offers you protection from things like credit card fraud and Identity Protection. If you’re a member of an HOA with stringent codes and have to rebuild or even repair your home due to a covered loss, State Farm will provide you with the assistance of an attorney plus the expense of new materials needed to get you in compliance. These and more are examples of the protection from loss you’ll get from State Farm.

When you select State Farm as the company you’d like to insure your home and property with, it’s fast and simple to get online and start the ball rolling. Please note that while you can do a lot online, you’ll be required to get with an agent to actually take out coverage. Once you’ve done that, you’ll have account access online through the app or State Farm website. Online tools are a big timesaver and they are convenient for busy people. You can enroll in auto-pay and paperless billing, pay your premium, or file claims all from the comfort of your own home or office. The State Farm site has a good online resource library, also, with much useful information about insurance.

J.D. Power bestows a high A+ rating to Nationwide due to its strong and stable financial footing. Customer satisfaction reviews aren’t the best, but they aren’t terrible, either. Overall, Nationwide has a stellar reputation within the industry. Multiple local offices with agents and claims adjusters means speedy, convenient service for customers.

Nationwide has many options that are not usually found in standard home insurance coverage. Like reimbursement for ID theft and credit card fraud, both of which are becoming more prevalent every day. Or if you live within a strict and stringent HOA and are forced to repair or rebuild your property because of a covered loss, Nationwide provides you with legal help if you need it to be in compliance. It provides additional coverage for repair or building costs, too.

The company’s Better Roof Replacement gives you added coverage if you have to buy new roofing materials after a tornado, ice storm or other covered loss.

Brand New Belongings is another handy option that Nationwide offers. It will reimburse you for loss or damage of your personal belongings, minus depreciation. You just buy replacements, send your receipts to Nationwide, and you’ll receive reimbursement less the difference between what you paid for the replacements and the depreciation.

Farmers home insurance gets high ratings from customers for policy perks, as well as its online experience. These great reviews and ratings for online experience are most likely due to the company’s clear explanation of these perks and how they can affect your premiums and coverage. If you are looking at home insurance, the perks you get from Farmers might influence you to choose them as your insurer. Some of the policy perks available from Farmers are:

• Discount if Claim Free: If you have been free of claims for three years, you receive a discount
• Replacement Cost Guaranteed: Farmers pays you the whole cost of repairing or rebuilding your home and property because of a covered loss, no matter the cost
• Deductible Declines: For every year your policy is in force, you get $50 taken off your deductible
• Multi Line Policies: Have more than one type of coverage with Farmers, such as auto insurance and home insurance, and you get a discount of up to 34% off your premium
• Claim Forgiveness: If you have filed no claims for a minimum of five years, your rates won’t go up if you do have a claim

Farmers has been awarded a superior rating of 9.3/10  from J.D. Power. That rating is probably lower than it would be if not for the higher number of negative reviews from  customers.

Chubb homeowners insurance has amongst the most affordable rates for higher end homes. In Tennessee. Its average cost of $1,770.00 annually is lower than the average rate of  $2,033.00 a year in the state.

Home owners in Tennessee give overall positive reviews for Chubb, especially for its affordable premiums and many features not usually found in basic home and property insurance. For example, if your dwelling is destroyed by a covered loss, you have the option of not rebuilding but accepting a cash settlement for its worth. Other features such as personalized claims, services of a property manager for a second home, high tech property inspections, and others are attractive to a lot of people. Additionally, Chubb has attractive add ons, like options available other than its standard home insurance.Things like coverage for , replacement of home and personal belongings, water backup, breakdown of equipment, and more. You’ll get added coverage for the extended replacement cost of your home and property, too, even if the value has depreciated since you bought it.

Allstate has eleven home insurance discounts available, while the national average is just seven. These extra discounts are valuable because they can save money on your homeowners insurance cost. Allstate has an outstanding reputation in the industry and with policyholders in Tennessee, as well as across the country. Many home insurance analysts, myself included, feel that its good reputation is well deserved.

Allstate’s discounts include:

• New Home: A newly constructed dwelling can mean a discount
• New Home Buyer: Purchase a new home and you could receive a discount
• Automatic Payment: Having premiums automatically deducted from your bank account may get you a 5% discount
• Loyalty: Receive a 10% discount upon policy renewal
• Claims Forgiveness: You can get optional coverage that ensures your rates don’t increase if you have a claim
• Deductible Reward: When you purchase a policy, $100 is taken off your deductible
• Claims Free: 12 months of no claims and you’ll receive a discount of five percent upon renewal
• Early Payment: Take out a new policy within seven days of renewing your current policy and receive a 10% discount
• Protective Device: If you install protective theft and fire devices, you receive a discount
• Responsible Payment: Build a solid payment record and get a discount
• Bundle: Have more than one type of insurance with Allstate and get a discount of as much as 25%

Allstate has nearly twice the national average number of policy discounts, with 11 available. Besides the standard options like ID Theft and credit card fraud, Allstate has more discounts for its customers. For instance, you have coverage for lawn and garden things like repair or loss of  riding lawn mowers for landscaping.