Compare homeowners insurance quotes in Parsons, TN with Freedom Insurance Group. We compare 25+ carriers and help you match coverage to the home or vehicles you actually own.
Average cost of home insurance in Parsons, TN
| Home value tier | Market est. | Freedom Insurance Group example |
|---|---|---|
| Typical local home (~$107,400) | $1,574 | $1,023 |
| $300,000 dwelling | $2,130 | $1,384 |
| $600,000 dwelling | $2,997 | $1,948 |
| $1,000,000 dwelling | $3,900 | $2,535 |
The typical homeowners insurance premium in Parsons, TN is about $1,574 annually for a typical local home (typical local home value about $107,400). For a $300,000 dwelling, expect around $2,130 per year; for a $600,000 home about $2,997; and for a $1,000,000 dwelling about $3,900. Freedom Insurance Group rates are often about 35% lower — near $1,023 per year for a typical home, roughly $1,384 for a $300,000 home, about $1,948 for a $600,000 home, and around $2,535 for a $1,000,000 home.
| Dwelling Coverage Limits | Average Annual Premium (incl. Tornado, Hail & Severe-Storm Coverage) |
|---|---|
| $100,000 – $200,000 | $1,656 |
| $200,000 – $300,000 | $1,851 |
| $300,000 – $400,000 | $2,272 |
| $400,000 – $500,000 | $2,572 |
| $500,000 – $600,000 | $2,864 |
| $600,000 – $700,000 | $3,092 |
| $700,000 – $800,000 | $3,280 |
| $800,000 – $900,000 | $3,528 |
| $900,000 – $1,000,000 | $3,776 |
Band premiums are midpoints on the Parsons dwelling curve (typical local home value about $107,400). Illustrated estimates, not a quote.
Figures are 2026 market-style estimates for Parsons, TN, using a typical local home value of about $107,400. Freedom figures apply an approximate 35% savings vs the local typical premium for illustration. Your quote depends on dwelling limit, roof, deductible, claims, and carrier. Not a guarantee.
About Parsons, TN
Parsons has about 2,337 residents, located in Decatur County.
For a smaller Tennessee place like Parsons, the insurance picture centers on local construction, access to fire protection, and regional storm patterns.
Housing here is a mix of single-family homes typical of the Decatur County area, but replacement cost, roof age, and construction type still drive most premium differences from one house to the next.
Tennessee pricing often reflect tornado and severe-storm risk, with flood considerations near rivers and low-lying areas.
How Parsons home insurance quotes differ
Several factors determine the price for Parsons homeowners, and underwriters look at all of them while pricing. Most of the price comes from rebuild cost, roof age and material, and exposure to storms or wildfire; your deductible and claims record can change the final premium as much as the carrier brand itself.
Consider replacement cost as the price of rebuilding your home with comparable materials at today’s labor and material prices. Since the carrier’s largest possible payout rises with the rebuild estimate, higher estimates for Parsons homes usually lift premiums.
Frame or masonry walls, what the roof is made of, and overall build quality all shape how a house performs in Tennessee’s wind, hail, and fire events, which is why construction type and roof details carry weight.
Storm, hail, wildfire, and crime scores drive location risk, which can change by ZIP code and neighborhood in Parsons, meaning houses with comparable rebuild costs may still price differently.
Fire protection plays in as well: hydrant access, a close fire station, and a good protection class rating can each help pricing.
Recent claims on the property or by the household can raise the price for Parsons renewals as well as new policies, because claims history is a big rating factor.
Some carriers factor in a credit-based insurance score where the state allows; a better score usually means a lower premium.
Savings opportunities for Parsons, TN homeowners
| Discount | What it means | Typical amount |
|---|---|---|
| New Home | New construction recently purchased | up to 40% |
| Age of home (5 yrs) | Newer homes | up to 26% |
| Bundle | Home and auto together | up to 25% |
| Upgrades | Electrical, plumbing, heating, roof updates | up to 20% |
| Hail-resistant roof | Class 1–4 impact roof | up to 12% |
| Claims-free | Multi-year claims-free history | up to 5% |
| Security / alarms | Monitored fire or burglar alarm | up to 4% |
| Paid in full | Pay annual premium upfront | up to 7% |
Discounts are not uniform across carriers, and amounts differ too. Treat “up to” as the maximum, not what everyone gets.
Home insurance coverage basics
- Coverage A, dwelling: It pays to rebuild your home’s structure after a covered loss, and it should keep pace with current reconstruction costs in your area.
- Coverage B, other structures: This handles structures not attached to the home, like a fence, shed, or detached garage.
- Coverage C, personal property: Your furniture, clothes, and everyday belongings inside the house are covered here, though certain valuable items have lower limits.
- Loss of use (Coverage D): This coverage can help with additional living expenses when a covered claim makes the home uninhabitable for a time during repairs.
- Personal liability (Coverage E): It responds when you are legally responsible for harm to other people or their property resulting from a covered incident.
- Medical payments (F): If a visitor is injured at your home, it helps with their medical bills, frequently with no formal liability claim.
Parsons, TN home and auto bundling
Illustrated average bundle savings, not a guaranteed quote. Actual savings depend on the carrier and the drivers.
| Place | 1-car bundle | 2-car bundle | 3-car bundle |
|---|---|---|---|
| Parsons, Tennessee | $378 | $512 | $712 |
Parsons homes by the numbers
NOAA storm records show 8 hail reports within about 5 miles of Parsons from 2016 through 2025 (8 at one inch or more). The largest was 3 inches in May 2020 near Decaturville.
For heat, Parsons households mostly rely on utility gas (61%) and electricity (39%).
FEMA’s National Risk Index flags tornado (“Relatively Moderate”) in Decatur County.
Since 2000, Decatur County has appeared in 16 major disaster declarations; the latest is Severe Winter Storm (February 2026).
The USGS GNIS lists these named communities and subdivisions in and around Parsons: Bear Creek and Mount Tabor. Rates can still differ from one section to the next because of construction era and roof condition.
ACS 2020–2024 estimates put about 1,248 housing units in Parsons, and homeowners occupy about 60% of the occupied homes. Looking at building types, 69% are detached single-family houses, 17% are in buildings with two or more units, and 14% are mobile homes.
Half of Parsons’ homes were built in or before 1977. About 59% of homes predate 1980, so electrical, plumbing, and roof upgrades can change eligibility and price.
Tornadoes are part of the picture too: NOAA logged 2 tornadoes touching down within 10 miles of Parsons over 2016–2025, with the strongest at EF1 during March 2017.
The Census Bureau counted 2,452 people in Parsons at the 2000 Census and 2,373 at the 2010 Census; its July 2024 estimate is 2,159. That is roughly 12% fewer residents than in 2000.
Older NOAA hail logs add more history: NOAA’s Storm Prediction Center counts 27 hail reports within 5 miles of Parsons between 1955 and 2015, the largest 2.75 inches on May 18, 1995. Reports of 2-inch or bigger hail number 2 in that span. NOAA Storm Prediction Center records list 4 tornadoes that began within 10 miles of Parsons from 1950 through 2015; the most powerful, rated EF2, touched down on February 24, 2011.
Looking at neighboring communities? We also have home insurance pages for Scotts Hill (12 mi), Lexington (14 mi), and Linden (16 mi).
Parsons-area ZIP codes we insure
38363
See more Tennessee coverage options
Shop homeowners coverage for Parsons, TN
Freedom Insurance Group compares 25+ carriers for Parsons residents. Call (800) 253-1482 or begin a free home quote online.
