Renters Insurance Tennessee

The average estimated cost of a rental insurance policy in Tennessee was $189 a year in 2013. Renters insurance is cheaper than most people realize; average homeowners insurance is $820 a year in Tennessee

Comparing Renters and Owners Insurance in 2013 in Tennessee

The landlord's policy is not going to cover renter's damages like burglary of renters possessions. There were 56181 burglaries are reported in Tennessee in 2012. So, to make sure you're protected from these events like fire, burglary or other disaster, you may need renters insurance.

Renters Insurance Coverage Types:

Actual cash value policy:

The Actual cash value policy covers the depreciated value of loss. An example of this is – a $870 Desktop might be worth only $440 in six months and that is the amount the insurance pays for.

Replacement Coverage Policy in Tennessee:

In that same example, you won't necessarily get what you paid for your Desktop, but you'll get enough to buy another one just like it. Replacement Cost Insurance in Tennessee costs about $47.25 more than the Actual Cash Value policy.
The average renters insurance of $20 per month is 2.15% of median monthly rent, taking into account Tennessee median rent as $930 per month.

Estimated Renters Insurance for Different House Types in Tennessee

House Type	Median Rent	Estimated Renters Insurance
Single Fam	$1,000	$200
Duplex	$730	$146
One Bed	$680	$136
Two Bed	$730	$146
Three Bed	$1,000	$200
Four Bed	$1,350	$270
Many Bed	$1,400	$280

Deductibles in Tennessee:

An average of $20.79 can be saved on the insurance premium by choosing a $500 deductible over a $250 deductible.