Erie Insurance Exchange has filed for a 10% overall homeowners rate increase in Tennessee on its ErieSecure program, scheduled to take effect Dec. 1, 2026 for renewals. The filing affects 5,544 Tennessee policyholders and roughly $12.2 million in written premium, and would generate about $1.2 million in additional premium. The carrier indicates an actuarial rate need of 13.4% - higher than what it filed for.
The important detail is buried in the paperwork: this is a closed book of business. Erie no longer writes new homeowners policies through the ErieSecure Exchange product. New business goes to ErieSecure Home or ErieSecure XRC under Erie Insurance Company.
Why does a closed book matter to a homeowner?
A closed book does not take on new policies, so it cannot spread rising costs across a growing pool of customers. The existing policyholders carry the increases. Closed books also tend to age - older roofs, older systems, fewer of the discounts attached to newer programs. If your policy sits on a product a carrier has stopped selling, the odds of repeat increases go up, not down.
| Filing detail | Value |
|---|---|
| Program | ErieSecure homeowners (Erie Insurance Exchange) |
| Requested overall increase | 10.0% |
| Indicated rate need | 13.4% |
| Tennessee policyholders affected | 5,544 |
| Written premium affected | ~$12.2 million |
| Additional premium generated | ~$1.2 million |
| Effective date | Dec. 1, 2026 (renewals) |
| Prior revision | Effective March 1, 2026 |
| Status of product | Closed to new business |
Is 10% what my bill will do?
Not necessarily. The filing changes base rates by policy type, so the overall 10% is an average across the book. Homes in higher wind and hail territories, or with older roofs, generally absorb more than average. Your renewal date decides when it lands: a policy renewing shortly after Dec. 1 takes the new rate, while one renewing in November buys another year at the current one.
Why are Tennessee home rates climbing at all?
Tennessee homeowners already pay an average of about $3,408 a year, roughly 42% above the national average of $2,395 and the seventh highest in the country. The driver here is not hurricanes - it is severe convective storms: wind, hail, and the kind of straight-line wind event that hit East Tennessee this month. Carriers price for what they pay out, and East Tennessee has been paying out.
What should an Erie policyholder in East Tennessee do now?
- Find your renewal date. Anything renewing on or after Dec. 1, 2026 is in scope.
- Ask which product you are on - ErieSecure Exchange (closed) versus a currently sold program. It is a one-sentence question with a real dollar answer.
- Check your Coverage A against actual rebuild cost, not market value. Being underinsured is more expensive than a rate increase.
- Look at your wind/hail deductible. Moving from a flat deductible to a percentage deductible saves premium but shifts risk onto you - know which you have before storm season.
- Shop it 30-45 days before renewal, not the week it hits.
Seasons change. So should your coverage.
Renewal jumping in December? Have your homeowners policy reviewed before it renews.
Call All Seasons Insurance Group: 865-263-1400Or request a policy review at asigtn.com/get-a-quote.
Sources
- Erie Insurance Exchange Tennessee homeowners rate filing, summarized Aug. 8, 2026 (10% requested, 13.4% indicated, 5,544 policyholders, ~$12.2M written premium, effective Dec. 1, 2026 renewals)
- LendingTree home insurance cost report, June 2026
- Tennessee Department of Commerce and Insurance, SERFF Filing Access - Tennessee
This article summarizes public rate filing information and is general information only, not a coverage opinion, quote, or legal advice. Filed rates and rules are subject to regulatory review and individual impacts vary.
