Homeowner’s insurance does not have a standard policy rate for residents of Tennessee. Of course, a luxury brick Nashville mansion owner with sprawling land will pay a monthly premium that’s different than a college student who owns a two-bedroom home in Martin.
According to Bankrate, Tennessee residents pay a premium when it comes to homeowners insurance rates, compared to other states. The average cost of homeowners insurance in Tennessee is around $1,625 per year. The national average for homeowners insurance is $1,477 in comparison. How much you pay on homeowners insurance depends on your coverage limits, insurer, property, and deductible.