Protect your family's home if something happens to you. Compare top carriers and average costs for Tennessee residents.
Mortgage protection insurance ensures your family can keep their home by paying off the remaining mortgage balance if you pass away. It provides peace of mind that your loved ones won't face foreclosure during an already difficult time.
Tennessee's Department of Commerce and Insurance provides oversight. The state has no income tax and a 10-day free-look period for life insurance policies.
Tennessee has a population of 7.1 million with a median age of 38.9. Mortgage Protection insurance is designed for homeowners with active mortgages, with coverage typically ranging from $50,000 - $500,000.
Compare rates from top mortgage protection insurance carriers.
The table below shows estimated monthly premiums for mortgage protection insurance in Tennessee. Actual rates vary based on age, health, and coverage amount.
| Coverage Amount | Est. Monthly Premium |
|---|---|
| $100,000 | From $30/mo |
| $200,000 | From $50/mo |
| $300,000 | From $70/mo |
| $500,000 | From $110/mo |
* Rates are estimates for a healthy individual. Your actual rate may vary.
These are among the most popular and highly-rated carriers offering mortgage protection insurance to Tennessee residents:
Working with an independent agent like CoverMeOnline gives you access to quotes from multiple carriers so you can find the best rate.
Compare rates from top mortgage protection insurance carriers.
Tennessee Department of Commerce and Insurance
Phone: (615) 741-2241
Tennessee has competitive life insurance rates and no state income tax. Final expense policies start around $29/month, making coverage accessible for most residents.
Final expense and term life insurance are the most popular choices in Tennessee. Mortgage protection is also common among homeowners.
The Tennessee Department of Commerce and Insurance licenses companies and agents, reviews policies, handles complaints, and monitors insurer financial health.