Best homeowners insurance in Nashville

The average homeowners insurance rate in Nashville is $1,857. Read our guide to the best companies, policy cost, and coverage considerations in Nashville.

Pat Howard 1600


Pat Howard

Pat Howard

Property and Casualty Insurance Expert

Pat Howard is a senior editor at Policygenius specializing in property and casualty insurance. His work has been featured on Property Casualty 360, Fatherly, MarketWatch, and more.

Published March 25, 2020|3 min read

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Homeowners insurance is a type of financial protection that covers your home, personal property, additional living expenses, and legal expenses in the event that something bad happens. If you’re one of the 54% of Nashville residents who owns a home rather than rents, you should make sure you have enough coverage to get reimbursed in the event you lose your home in a catastrophe.

Tornadoes, hail storms, thunderstorms, winter storms, and flash floods are all considerable home risks in the Music City. Although homeowners insurance does cover twisters, hail, and lightning damage, you’re only covered up to the limits in your policy. Nashville homeowners — especially in the wake of the destructive tornado in March 2020 that wiped out many homes and left tens of thousands without power — may want to consider raising their home coverage limit beyond the amount suggested by the insurance company in the event that rebuild costs skyrocket after a disaster. Flooding isn’t covered by homeowners insurance, but most companies who offer homeowners insurance also offer flood coverage that you can either add to your home policy or purchase separately.

Keep reading for our guide on homeowners insurance in Nashville, and check out our Tennessee homeowners insurance guide for more information about insuring your home in the Volunteer State.

Key Takeaways

  • The highest-rated home insurance company in Nashville is USAA

  • The average annual premium for a home in Nashville is $1,857

  • Nashville residents should ensure their homes are fully insured and protected against severe weather disasters like tornadoes

Best homeowners insurance companies in Nashville

When selecting a homeowners insurance policy, you’ll want to look at far more than simply the cost of coverage. Consider the insurer’s financial standing with credit agencies like A.M. Best, customer service and claims ratings with J.D. Power, and the price for the level of coverage you’re getting, amongst other factors.

Companies that offer enhanced home rebuild protection like extended replacement or guaranteed replacement cost will offer more peace of mind for Nashville homeowners than a company that only has standard replacement cost coverage provisions.

The table below looks at the 10 most popular insurers (companies with the highest market share) in Tennessee, along with respective A.M. Best ratings, J.D. Power ratings, and Policygenius full-scale company ratings. Here’s more information about the Policygenius home insurance reviews methodology.

Insurance companyA.M. Best ratingJ.D. Power ratingPolicygenius rating
Auto-Owners InsuranceA++4/5N/A
Safeco (a division of Liberty Mutual)A+2/57.3/10
State FarmA++4/58/10
Tennessee FarmersA+N/AN/A

Be sure to check out our guide on the best homeowners insurance companies in the country

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Average homeowners insurance rates in Nashville

The average annual cost of homeowners insurance in Nashville is $1,857, according to Policygenius quotes. That makes rates in Nashville higher than the Tennessee statewide average of $1,196, but keep in mind that home construction costs tend to be higher in population-dense cities like Nashville.

As you can see, the cheapest area to insure your home is East Nashville, while the city of Franklin has the highest rates, according to our quotes.

Popular residential neighborhood (ZIP Code)Average annual premium
Franklin (37064)$2,246
Antioch (37013)$1,863
Whites Creek (37189)$1,899
Crieve Hall (37211)$2,068
East Nashville (37216)$1,125
East Nashville (37206)$1,312
Bellevue (37221)$1,992

Nashville homeowners insurance guide

Whether you’re looking to settle down or go somewhere for prenuptial festivities with your friends, Nashville is simply the place to be. The Music City also sees its share of severe weather and flooding, so if you own property in the country music capital, you’ll want to make sure you don’t have any gaps in coverage.

Homeowners insurance covers hazards like wind damage, lightning strikes, and fires — even from disasters like tornadoes and wildfires — but your policy has certain provisions that dictate how much you get back for a loss. In addition to the aforementioned extended or guaranteed replacement cost dwelling coverage, look into replacement cost contents coverage so you’re fully reimbursed for personal property damage or theft.

Flash flooding can also be a problem in Nashville, as witnessed in the Tennessee floods of 2010 where almost 14 inches of rain inundated the city in a matter of 36 hours. Flooding isn’t covered by standard homeowners insurance, so Nashville residents will also want to consider a separate flood insurance policy or flood add-on for their home insurance policy.

Is homeowners insurance required in Nashville?

Homeowners insurance is not required by law in Nashville, but most mortgage lenders will require that you get homeowners insurance and maintain coverage throughout the duration of the mortgage.

Homeowners insurance resources for Nashville residents