The University of Tennessee, Knoxville

Tennessee County Municipal Advisory Service

You are here



Importance of Insurance Ratings

Reference Number: MTAS-412
Tennessee Code Annotated
Reviewed Date: November 09, 2016
Printer-friendly versionSend by emailPDF Version

In the following example, if a homeowner pays $1 per year for fire insurance in a Class 10 rating, then:

  • Class 9 pays 93 cents, (a savings of 7 percent over a Class 10.)
  • Class 8 pays 72 cents, (a savings of 28 percent over a Class 10.)
  • Class 7 pays 68 cents, (a savings of 32 percent over a Class 10.)
  • Class 6 pays 65 cents, (a savings of 35 percent over a Class 10)
  • Class 5 pays 63 cents, (a savings of 37 percent over a Class 10.)
  • Class 4 pays 60 cents, (a savings of 40 percent over a Class 10.)
  • Class 3 pays 58 cents, (a savings of 42 percent over a Class 10.)
  • Class 2 pays 55 cents, (a savings of 45 percent over a Class 10.)
  • Class 1 pays 53 cents, (a savings of 47 percent over a Class 10.) [8]

ISO Mitigation Online reports the following breakdown for Tennessee communities as of September 2016:

Grade Number of Fire Districts
1 3
2 23
3 56
4 125
5 244
6 176
7 48
8 16
8B 5
9 217
10 8
Total 921

 


[8] www.isomitigation.com

Responsible: