Home Insurance and Car Insurance in Tennessee

Life in the Volunteer State is as diverse as the terrain, whether you live in the Blue Ridge Mountains along its eastern border or among the fertile plains. Tennessee residents live in small towns and big cities alike. From the hustle of Nashville and Memphis to the slow lifestyle of the state’s rural areas, finding the right type of home insurance and auto insurance coverage is important.

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Average Home and Car Insurance Rates in Tennessee

Average Home and Car Insurance Rates in Tennessee

The rates listed below are real average rates for SelectQuote customers in select Tennessee cities. Your own rate will vary based on many factors, including policy limits and types of coverage purchased.

Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.

The average Tennessee car insurance policy costs SelectQuote customers $140.72 per month.+. Your own Tennessee home insurance rates will vary based on several factors, including, but not limited to:

• Your policy limits and types of coverage

• Your deductible

• Your credit history

• The age and condition of your home

• Your ZIP code

• Your previously filed insurance claims

Bundle Your Home and Auto Insurance to Save Money

When you bundle your home and auto insurance coverage through SelectQuote, you may see average savings of $693 per year. Bundling your insurance is one of the best discounts you can get. Compare prices and learn how much you can save.

Other Home and Auto Discounts Available in Tennessee

In Tennessee, there are several home and auto discounts available to help you save on insurance costs.

Homeowners Insurance Discounts

Tennessee homeowners are often eligible for several home insurance discounts that can save them hundreds of dollars each year. Look out for discounts based on the following criteria:

• Customer loyalty discounts

• High deductible discounts

• Service or profession-based discounts

• Home security installation discounts

• Discounts for new construction

• First-time home buyer discounts

• Bundled home and auto insurance policy discounts

Auto Insurance Discounts

Tennessee drivers may be eligible to reduce their monthly insurance premiums by seeking out any and all applicable auto insurance discounts. These discounts can vary, but many insurance companies offer the following types of savings:

• Customer loyalty discounts

• Safe driving discounts

• Low mileage discounts

• Service or professional discounts

• High deductible discounts

• Bundled auto and home insurance policy discounts

How to Get Insurance Quotes in Tennessee

Getting insurance quotes in Tennessee through SelectQuote is easy and straightforward. As an independent insurance brokerage, SelectQuote works with several of the nation’s most highly trusted carriers to help you compare plans and find the best coverage at a price that’s right for your budget.

SelectQuote Shops Home and Auto Insurance Quotes for You

SelectQuote makes it easy to shop for both home and auto insurance by doing the legwork for you. Whether you're looking for homeowners or auto insurance, our licensed insurance agents can gather personalized quotes based on your specific needs and budget.

Our Trusted Tennessee Home and Auto Insurance Partners

SelectQuote works with many trusted home and auto insurance companies in Tennessee and other states to help you find the affordable coverage you need. We provide unbiased recommendations based on price to help you save time and money when you shop for your home and auto coverage needs.

Car Insurance in TN

While Nashville and Memphis are major interstate hubs for travelers driving through and across the state of Tennessee, there are more than an estimated 5 million licensed drivers in the Volunteer state. With so many drivers sharing the road, there’s no shortage of opportunity for auto accidents. Auto insurance can help offset the costs associated with auto collisions. Whether you’re a brand-new driver or seeking cheaper car insurance rates, SelectQuote can help you find the best price on a policy that meets your needs.

Tennessee Auto Insurance Laws and Requirements

Tennessee requires all drivers to carry auto insurance and show financial responsibility for auto accidents they may cause. The easiest way to show financial responsibility and satisfy this requirement is to purchase liability auto insurance. Liability coverage isn’t the only form of auto insurance coverage, but it is the primary kind of insurance most drivers purchase. Types of auto insurance coverage available include:

• Liability insurance pays for damages caused by you if the accident is your fault. It will also pay for medical bills incurred by the other driver or their passengers. Tennessee requires drivers to have $25,000 of coverage for injuries per person, up to $50,000 per accident. It also requires $15,000 of coverage for property damage. This coverage is known as 25/50/15 coverage and is the bare legal minimum for drivers. You may choose to purchase more coverage based on your budget.

• Uninsured/underinsured motorist coverage pays for medical expenses when the other driver is at fault and doesn’t have sufficient insurance coverage.

• Personal injury protection insurance can help pay for medical expenses or funeral expenses for you or your passengers.

Other types of insurance exist to help pay for damage to your vehicle in an auto accident regardless of who is at fault. This coverage—known as full coverage— is often required by auto lenders for leased or financed vehicles and includes:

• Collision coverage helps cover expenses for repairs or replacement of your vehicle if it is damaged in an accident.

• Comprehensive coverage can help pay for repairs or replacement for vehicles that are stolen or damaged by storms, vandalism, or animals.

• Gap insurance pays the difference between the value of your totaled vehicle and the amount you currently owe on the car loan or lease.

All data on average expenditures is provided by the Insurance Information Institute.

Tennessee Teen Driving Laws

All drivers in Tennessee, including teenagers, are required to have auto insurance. Teens can get auto insurance either on their own or as a covered driver on their parent or guardian’s policy (which is usually cheaper). Tennessee has a graduated license program for teenagers. This program offers three levels of licensure for teens and allows them to learn how to drive safely. Teenage drivers are restricted from driving overnight and from using any mobile devices in the vehicle. There are also strict passenger age limits.

Tennessee Car Registration Information

Tennessee residents must provide proof of ownership, their photo ID, and proof of residency. Proof of auto insurance may not be required at the time of registration, but it’s good to have it on hand just in case.

Homeowners Insurance in Tennessee

Finding affordable home insurance is a big priority for Tennessee homeowners. From Nashville to Knoxville and beyond, 67% of Tennessee’s 7 million residents own their own homes.

Common Causes of Loss in Tennessee

Tennessee’s terrain varies from lowland plains to mountains and is vulnerable to a variety of natural disasters. Severe storms are a concern all year round, but other issues can pop up as well. Common causes of loss for Tennessee homeowners include:

• Wildfires

• Wind damage

• Severe weather, including hail and heavy rains

• Flooding

Aside from flooding, most of the disasters listed above are covered under standard HO-3 home insurance policies. Before you purchase a home insurance policy, confirm that your coverage works for many named perils. A named peril is a type of loss or damage that an insurance policy covers.

Homeowners Insurance Coverage Options in Tennessee

Tennessee homeowners have plenty of options when it comes to buying home insurance. Most home insurance policies have defined coverage types, but what is offered by an insurance company can vary by state, insurance agent, and insurance carrier. Common types of home insurance coverage offered include:

• Dwelling coverage is a standard policy that covers the actual physical structure of your home. If you have an attached garage or other structure, this will be covered as well.

• Personal property coverage works to cover your household belongings. If it’s inside or outside your home, it is covered.

• Personal liability coverage protects you in the event that someone is injured on your property and you’re found at fault. It also covers damage to another person’s property.

• Guest medical protection coverage exists to cover people who are injured on your property, regardless of who may be at fault.

• Other structures cover damages to structures on your property separate from your home, such as detached garages.

Additional Coverage Options Recommended for Tennessee Homeowners

Buying standard home insurance coverage is important, but there are some additional coverage options that all Tennessee homeowners should consider as they shop. Some types of hazards aren’t covered by a standard policy, while others may need additional endorsements or limits depending on what part of the state you call home. If you’re unsure, it might be worth asking your insurance agent about the following types of home insurance:

• Flood insurance is never included in a standard home insurance policy. Instead, homeowners may choose to purchase a separate policy from either a private insurance company or the National Flood Insurance Program (NFIP).

• Sinkhole insurance may not be at the top of your list of insurance choices, but Tennessee is actually one of the most likely states to see insurance claims from sinkholes. Like flooding, they’re not covered under a standard policy. You can buy a separate sinkhole policy to help mitigate this risk.

• Wildfire insurance may be a good idea if your home is located in a heavily wooded area. Most insurance policies cover fire as a named peril, but insurance companies are beginning to view risk differently; it might be worth exploring a separate wildfire insurance policy if you’re concerned about whether standard coverage is enough.

• Sewer backup coverage can help you pay for damages related to backed-up sewer or drain lines. It’s also good coverage to have if your home has a basement and a sump pump. Sump pump failure can result in costly repairs to your home.

SelectQuote Can Shop Tennessee Home or Auto Insurance to Save You Time and Money

With over 40 years of industry experience, SelectQuote is here to help you find the right home and auto insurance, whether you're a first-time buyer or looking to save on your current policies. Our expert team offers unbiased recommendations tailored to your budget and coverage needs, ensuring you get great value. Plus, we can help you unlock substantial savings by bundling your home and auto insurance. Let SelectQuote save you time, money, and stress by shopping highly trusted insurance options on your behalf—so you can enjoy peace of mind knowing you’re covered. Need help with your insurance coverage? Call us today.