"According to the American Community Survey (ACS) data from the U.S. Census Bureau, Tennessee homeowners with a mortgage typically pay $1,000-$1,499 annually for homeowners insurance, while those without a mortgage also average $1,000-$1,499. Overall statewide costs fall into the same $1,000-$1,499 range."
"Tennessee has 1,957,004 insured homeowner households in total-1,105,878 with a mortgage and 851,126 without. Among mortgaged owners, 98,755 pay less than $100 annually and 56,122 pay $4,000 or more. Among those without a mortgage, 176,795 pay less than $100 and 34,144 pay $4,000 or more."
"Compared with nearby states, Tennessee is among the more affordable. Kentucky and North Carolina homeowners with a mortgage also average $1,000-$1,499, placing them in line with Tennessee. Georgia is slightly more expensive, with mortgaged households averaging $1,500-$1,999. Alabama homeowners average $1,500-$1,999, while Mississippi falls into the same range. This positions Tennessee as one of the lowest-cost insurance states in the region, despite its exposure to tornadoes and severe storms."
Tennessee homeowners typically pay $1,000-$1,499 annually for homeowners insurance whether they have a mortgage or not. The state has 1,957,004 insured homeowner households, including 1,105,878 with a mortgage and 851,126 without. Among mortgaged owners, 98,755 pay less than $100 annually and 56,122 pay $4,000 or more; among owners without a mortgage, 176,795 pay less than $100 and 34,144 pay $4,000 or more. Kentucky and North Carolina mirror Tennessee’s averages, while Georgia, Alabama, and Mississippi average higher premiums of $1,500-$1,999 for mortgaged households. Tennessee remains relatively affordable despite tornado and severe storm exposure.
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