- Best condo insurance companies in Tennessee
- Average cost of condo insurance in Tennessee
- Condo insurance rates in Tennessee by coverage level
- Condo insurance rates by company in Tennessee
- Compare condo insurance rates by city in Tennessee
- Methodology
- Compare Tennessee condo insurance rates with other states
Best condo insurance companies in Tennessee
In Tennessee, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Tennessee. Below are the best condo insurance companies in Tennessee based on that analysis.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Tennessee Farmers | $322 | A- | 0.04 | |
| Auto-Owners | $574 | A++ | 0.33 | |
| Shelter Insurance | $358 | A | 0.42 | |
| Farmers | $504 | A | 0.54 | |
| Erie Insurance | $704 | A+ | 0.38 | |
| State Farm | $462 | A++ | 0.95 | |
| Travelers | $908 | A++ | 0.54 | |
| Allstate | $738 | A+ | 0.90 |
Average cost of condo insurance in Tennessee
The average cost of condo insurance in Tennessee is $616 a year or $51 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount, among other factors.
To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.
| Average annual premium | Average monthly premium |
|---|---|
| $616 | $51 |
Condo insurance calculator
Average condo insurance rates in TennesseeMost & least expensive ZIP codes for condo insurance in Tennessee
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 38157 | Memphis | $734 |
| 38163 | Memphis | $733 |
| 38046 | La Grange | $732 |
| 38047 | Lenox | $729 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 37665 | Kingsport | $512 |
| 37692 | Unicoi | $516 |
| 37694 | Watauga | $516 |
| 37645 | Mount Carmel | $520 |
Condo insurance rates in Tennessee by coverage level
Based on a rate study by Insurance.com, Tennessee Farmers provides the lowest condo insurance rates in Tennessee based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.
Shelter Insurance is the next cheapest option, offering low-cost condo insurance in Tennessee at $358 per year. However, rates vary by coverage level.
The table below shows condo insurance rates from several top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Tennessee Farmers | $327 | $333 | $316 | $322 | $322 | $328 | $335 | $341 |
| Shelter Insurance | $305 | $318 | $345 | $358 | $394 | $407 | $446 | $459 |
| State Farm | $414 | $419 | $457 | $462 | $487 | $492 | $517 | $522 |
| Farmers | $433 | $457 | $480 | $504 | $528 | $552 | $577 | $601 |
| Auto-Owners | $474 | $481 | $568 | $574 | $678 | $684 | $788 | $794 |
| Erie Insurance | $457 | $525 | $609 | $704 | $728 | $844 | $849 | $984 |
| Allstate | $614 | $635 | $717 | $738 | $804 | $825 | $878 | $899 |
| USAA | $712 | $712 | $796 | $796 | $871 | $871 | $936 | $936 |
| Travelers | $763 | $784 | $883 | $908 | $988 | $1,017 | $1,125 | $1,160 |
Condo insurance rates by company in Tennessee
Rates for condo insurance by company in Tennessee vary. It’s important to shop around and compare quotes to find the best price.
In the table below, you’ll see condo insurance rates for major companies in Tennessee. The cheapest company for condo insurance in Tennessee is Farm Bureau Insurance of Tennessee. Shelter Insurance and State Farm are the second and third cheapest options.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Tennessee Farmers | $322 | $27 |
| Shelter Insurance | $358 | $30 |
| State Farm | $462 | $39 |
| Farmers | $504 | $42 |
| Auto-Owners | $574 | $48 |
| Erie Insurance | $704 | $59 |
| Allstate | $738 | $61 |
| USAA | $796 | $66 |
| Travelers | $908 | $76 |
Compare condo insurance rates by city in Tennessee
Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Tennessee.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Compare Tennessee condo insurance rates with other states
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