Chattanooga ,TN Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Chattanooga, TN homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Chattanooga, TN is $1592. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Chattanooga, TN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Chattanooga, TN.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $637 |
| $200,000 | $1,083 |
| $300,000 | $1,337 |
| $400,000 | $2,038 |
| $500,000 | $2,563 |
Home insurance costs in Chattanooga can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 037404 | $2,094 |
| 37406 | $2,053 |
| 37402 | $2,288 |
| 37410 | $1,974 |
| 37407 | $1,987 |
| 37405 | $2,263 |
| 37403 | $2,324 |
| 37421 | $2,153 |
| 37419 | $2,160 |
| 37408 | $2,279 |
| 37416 | $2,071 |
| 37409 | $2,131 |
| 37411 | $2,070 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Chattanooga, TN, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,632 |
| $1000 Deductible | $1,460 |
| $1500 Deductible | $1,377 |
| $2500 Deductible | $1,242 |
| $5000 Deductible | $1,051 |
| Home Insurance Company Near Chattanooga, TN | Homeowners Insurance Agency Near Chattanooga, TN | Address |
|---|---|---|
| Travelers | Frank Steil Insurance | 4610 HIXSON PIKE, HIXSON, TN, 37343 |
| State Farm | Hugh Walker | 188 Old Mouse Creek Rd NW, Cleveland, TN, 37312-3835 |
| Travelers | Insurance World | 1500A GAULT AVE N, FORT PAYNE, AL, 35967 |
| Travelers | Manning Insurance Group Inc | 5469 Hixson Pike, Hixson, TN, 37343 |
| State Farm | Wade Dyar | 1720 Gunbarrel Rd Ste 304, Chattanooga, TN, 37421-3192 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Ridgeside city, Tennessee | $111 | $148 | $222 |
| Red Bank city, Tennessee | $100 | $133 | $200 |
| East Ridge city, Tennessee | $100 | $133 | $199 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Chattanooga, TN | 5.8% | 16.7% |
| Ridgeside | 3.76% | 12.61% |
| Red Bank | 6.27% | 17.5% |
| East Ridge | 6.4% | 19.47% |
| Chattanooga Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 1,632 | 5.0% | $353 |
| $200 to $299 | 1,338 | 4.0% | $803 |
| $300 to $499 | 3,293 | 10.0% | $1253 |
| $500 to $749 | 10,747 | 35.0% | $1928 |
| $750 to $999 | 7,978 | 26.0% | $2678 |
| $1,000 to $1,499 | 4,238 | 14.0% | $3803 |
| $1,500 or more | 991 | 3.0% | $5453 |
| Streets in Chattanooga Area | Homeowners Insurance Cost |
|---|---|
| Elaine Trl, Eddings St, Washington St, Lela Ln, Longview Dr, Delong Ave, Bellbrook Dr, Woods View Ct, N Briar Ln, Beason Dr | $848 |
| Gorse Ln, W Cherry St, Carriage Parc Dr, Pheasant Run Pl, Crutchfield St, Barn Rd, Westgate Rd, Barbara Ln, Chinkapin Ct, Guild St | $863 |
| Maryland Ave, Mulberry St, Hilltop Dr, Wesley Dr, Wiehl St, Outlook Cir, Crescent Park, Longview St, W Bell Ave, Conner Ln | $827 |
| Ballard Dr, Hadley Dr, Ridge Bay Dr, Levi Cemetery Rd, Moon St, Long Ave, Winterberry Rd, Monroe St, Dower Rd, Albany St | $834 |
| Grove Street Ct, Dumac Rd, Ocoee St Con, Oneal St, Locust Ln, Crutchfield St, Royal Fern Trl, Sidney St, Webb Cir, Fagan St | $805 |
| Kelly Rd, Lazy Circles Dr, Oakland Ter N, Columbia St, Southernwood Dr, Provence St, Waterfront Dr, Crest Dr, Brahma Dr, Birmingham Hwy | $807 |
| Valerian, E 48th St, W 7th St, Rosetree Dr, E 27th St, Arthur Ln, Gentle Mist Cir, W 11th St, Kellys Ferry Ave, Webb Rd | $984 |
| Anita Dr, Dowlen Rd, Hunter Woods Dr, Pershing Rd, Holly Crest Dr, Restoration Dr, N Briar Cir, Hillmont Ln, Carlin St, Homer Rd | $890 |
| Carolana Cir, Baskette Way, High Point Dr, Noa St, Norma Dr, Honey Ln, Kensington Dr, Pan Gap Rd, Chase Hunter Trl, South St | $805 |
| Valleybrook Cir, 6th Ave, Sleepy Hollow Rd, Darlington Way, Glover Rd, Pine Manor Dr, N Belle Arbor Ave, Robinwood Dr, Blue Oak Dr, Perry Rd | $808 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Chattanooga | $121 to $123 |
| Ridgeside | $133 |
| Red Bank | $120 |
| East Ridge | $119 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,400 | $3,400 |
| Yearly Chattanooga Homeowner Insurance Premium Example | $1,300 | $800 |
| Out of Pocket Expense During Claim | $1,400 | $3,400 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $9,200 | $8,200 |
| Net Savings to Chattanooga Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Chattanooga, TN Home Replacement Value MORE than Home Value | Chattanooga, TN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $59,500 | $40,500 |
| Insurance Premium based on Replacement Value | $250 | $175 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $9,000 | Risk Exposure from Under Insuring Coverage is $10,000 |
| Premium Impact | Insurance cheaper by $50/year | Insurance costlier by $25/year |
| Insurance Company | Amica Mutual Insurance Company | Erie Insurance | Chubb Group of Insurance |
| Monthly Premium | 61 | 42 | 167 |
| Year Built | 2014 | 1997 | 1973 |
| Home Details | 4 Beds, 1 Baths | 2 Beds, 1 Baths | 5 Beds, 3 Baths |
| Coverage Amount | $175000-$200000 | $100000-$125000 | $500000-$600000 |
| Deductible | $1000-$2500 Deductible | $500- $1000 Deductible | $1000-$2500 Deductible |