Homeowners insurance in Tennessee: premium by ZIP code
Tennessee's median ZIP code paid $1,677 per policy in 2022; Shelby County, Memphis, paid $2,118, the most of the big four.
Independent site, not an insurer or a broker. Treasury figures cover 2018 to 2022 only.
Premium per policy in 2022, Tennessee (median ZIP code)
$1,677
Average paid per HO-3 or HO-5 policy, inflation-adjusted as published by the Treasury. At September 2026 prices: about $2,234.
| Change from 2018 to 2022, after inflation | +2.1% |
| Premium per policy in 2018 | $1,643 |
| Premium per policy in 2022 | $1,677 |
| 2022 premium carried to September 2026 (BLS index) | $2,234 |
| Policies not renewed by the insurer, 2022 | 1.05% |
| Claims paid per 100 policies, yearly average | 4.6 |
| Average claim paid, 2018 to 2022 (adjusted) | $14,584 |
| Cancelled for nonpayment, 2022 | 1.90% |
Treasury data stop in 2022. The September 2026 figure applies the national BLS price index to the 2022 value, read as 2022 dollars: an estimate, not a quote.
Compiled by Radif Partners · Where the numbers come from · 552 ZIP codes in 95 counties of Tennessee in the Treasury file · not a quote
Tennessee homeowners paid $1,677 per policy in the median ZIP code in 2022 in the Treasury file, ranked 20 of 51 and a little above the national $1,551, after a rise of only +1.2% after inflation. The four big counties differ more than the state figure suggests. Shelby County, Memphis, paid $2,118; Davidson County, Nashville, $1,760 after the fastest rise, +6.6%; Hamilton County, Chattanooga, $1,631; Knox County, Knoxville, $1,390. Claims rose to 5.1 per 100 policies in 2020, the year of the March tornado through Nashville and Cookeville. Nonrenewals reached 1.05% in 2022, ranked 16 of 51, and cancellations for nonpayment ran above the national rate. Tennessee has no FAIR plan for homes, so a declined house goes to surplus lines insurers. The data stop in 2022.
Memphis and West Tennessee
Shelby County had 32 ZIP codes in the file and a median of $2,118 in 2022, up +3.1% after inflation. West Tennessee sits on the edge of the Mississippi Valley storm belt, with frequent severe weather in spring, and the New Madrid seismic zone runs under the region. Earthquake is excluded from homeowners policies and needs an endorsement, which is worth pricing west of the Tennessee River.
Nashville, Chattanooga and Knoxville
Davidson County paid $1,760, and its ZIP 37215, Green Hills, $3,786. The dearest ZIP code in the state was 37350 in Hamilton County, Lookout Mountain above Chattanooga, at $4,027. Hamilton County as a whole paid $1,631. Knox County, $1,390, was slightly cheaper after inflation in 2022 than in 2018. The cheapest ZIP codes were in the northeast, 37665 in Sullivan County at $1,039 and 37645 in Hawkins County at $1,106.
Tennessee against a neighbor
Example, not your result yet· change a figure to see yours
Median premium per policy in Tennessee, 2022
$1,677
| Same premium carried to September 2026 with the BLS index | $2,234 |
| Median ZIP change 2018 to 2022, after inflation | 1.2% |
| Cheapest tenth of ZIP codes pays under | $1,372 |
| Dearest tenth of ZIP codes pays over | $2,080 |
Tornadoes and the 2020 spike
Paid claims per 100 policies went 3.8, 4.3, 5.1, 4.2, 4.6 from 2018 to 2022. The tornado of March 3, 2020 crossed Nashville and struck Cookeville hard, and the paid loss ratio that year rose to 36%. The December 2021 outbreak that devastated western Kentucky also reached northwest Tennessee. The average claim, $14,584, was a little below the national figure. Tornado damage is wind, covered by homeowners policies; the August 2021 flood in Waverly was not, without a flood policy.
Renewals, nonpayment and the regulator
The median nonrenewal rate went 0.91%, 0.79%, 0.65%, 0.87%, 1.05% from 2018 to 2022. Cancellations for nonpayment ran at 1.90%, above the national 1.47%. Tennessee has no residual market plan for homes listed in the Treasury report, so a declined home goes to surplus lines insurers. The Tennessee Department of Commerce and Insurance handles complaints. The nonrenewal page explains notices and options, and the claim calculator helps decide whether a small storm repair is worth a claim.
Tennessee, year by year
| Year | Tennessee median ZIP | National median ZIP | Nonrenewal rate | Claims per 100 policies | Paid loss ratio |
|---|---|---|---|---|---|
| 2018 | $1,643 | $1,445 | 0.91% | 3.8 | 30% |
| 2019 | $1,643 | $1,469 | 0.79% | 4.3 | 32% |
| 2020 | $1,629 | $1,491 | 0.65% | 5.1 | 36% |
| 2021 | $1,661 | $1,521 | 0.87% | 4.2 | 32% |
| 2022 | $1,677 | $1,551 | 1.05% | 4.6 | 37% |
The Tennessee counties with the most ZIP codes in the file
| County | ZIP codes | Median 2018 | Median 2022 | Change | Nonrenewal 2022 | Average claim |
|---|---|---|---|---|---|---|
| Shelby County | 32 | $2,019 | $2,118 | +3.1% | 1.76% | $13,564 |
| Davidson County | 24 | $1,664 | $1,760 | +6.6% | 1.30% | $14,749 |
| Hamilton County | 23 | $1,598 | $1,631 | +3.1% | 0.90% | $15,067 |
| Knox County | 20 | $1,402 | $1,390 | -0.5% | 0.79% | $13,249 |
| Rutherford County | 12 | $1,803 | $1,883 | +3.5% | 1.21% | $13,880 |
| Blount County | 10 | $1,589 | $1,546 | -0.2% | 0.64% | $18,080 |
| Williamson County | 10 | $2,223 | $2,443 | +10.5% | 0.95% | $18,812 |
| Madison County | 9 | $1,797 | $1,830 | +1.1% | 1.18% | $12,097 |
Highest and lowest premiums per policy, Tennessee ZIP codes, 2022
| ZIP code | County | Premium per policy | Change since 2018 | Nonrenewal 2022 |
|---|---|---|---|---|
| 37350 | Hamilton County | $4,027 | +8.9% | 0.20% |
| 37215 | Davidson County | $3,786 | +12.5% | 0.86% |
| 38028 | Fayette County | $3,671 | +6.7% | 1.38% |
| 37205 | Davidson County | $3,637 | +10.0% | 0.52% |
| 38139 | Shelby County | $3,593 | +3.8% | 0.88% |
| 37665 | Sullivan County | $1,039 | +3.6% | 2.12% |
| 37645 | Hawkins County | $1,106 | -2.3% | 0.79% |
| 37643 | Carter County | $1,137 | -2.4% | 1.11% |
| 37642 | Hawkins County | $1,142 | -2.1% | 1.51% |
| 37650 | Unicoi County | $1,159 | -1.4% | 1.28% |