Gianetta Palmer

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Gianetta Palmer

Gianetta Palmer

Freelance contributor

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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Historic flooding and active severe weather seasons have placed Nashville in the news lately, making home insurance more important than ever. 

Despite an increase in recent home insurance claims, the average cost of homeowners insurance in Nashville is $2,326 per year or $194 a month. This is around 8% lower than the statewide average of $2,526 per year, and only 19% higher than the national average of $1,899. 

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However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Nashville.  

Best homeowners insurance companies in Nashville

Of the companies we looked at, Allstate has the lowest home insurance rates in Nashville, with an average annual policy cost of $1,201 per year — about $1,250 less than the Tennessee state average. USAA comes in at a close second with rates of $1,632 per year.

Policygenius analyzed thousands of quotes from the 5 largest Nashville insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Nashville residents to find the best homeowners insurance in Nashville.

Company

Average yearly cost

J.D. Power Rating

State Farm

$2,371

835

Farm Bureau Insurance of Tennessee

$2,012

--

Allstate

$1,201

829

USAA

$1,632

882

Travelers

$7,082

800

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm scored an impressive customer satisfaction rating of 835 out of 1,000 with J.D. Power. This means State Farm excels when it comes to pricing, policy options, claims handling, and more.

With Tennessee weather consisting of severe spring weather and an extended dry season in the summer, claims for tornado damage and wildfires have been common across the state. State Farm’s easy-to-use claims system means customers can easily file and track claims online and through the mobile app.

How to get a quote

Online through State Farm

Tennessee Farm Bureau Insurance

Tennessee Farm Bureau Insurance logo

Tennessee Farm Bureau Insurance offers home, auto, life, and farm insurance — allowing you to keep all of your policies under one roof.

Pros

  • Offers a slew of insurance products on top of home insurance — including auto, life, and farm insurance — to keep all of your policies with one company

  • Solid customer service ratings

  • File claims online — with 24/7 claims support

Cons

  • Farm Bureau membership required for coverage

  • No information about specific coverages and discounts available online

Why Tennessee Farm Bureau tops our best list

Tennessee Farm Bureau offers a wide array of home insurance policy solutions for any coverage need and budget. Customers can file claims online, and with around-the-clock claims support, policyholders can receive personalized service when it’s convenient for them.

How to get a quote

Online through Tennessee Farm Bureau

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Allstate’s blend of stellar coverage options and excellent customer service ratings make it one of the most popular home insurance companies in Nashville. One of the reasons we love Allstate is it offers several discounts to keep your rates down, including savings for not filing claims too often, bundling your home and auto policies, and more..

How to get a quote

Online through Policygenius and Allstate

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

USAA is the number choice for home insurance for those in the military and their family members. We love the fact that customers can get discounts for being loyal members and having zero claims. Plus, USAA’s base policy includes coverages that cost extra with other companies.

How to get a quote

Online through USAA

Travelers

Travelers logo

With over 165 years of experience and impeccable financial ratings, Travelers is one of the most trusted home insurance companies in the business. It offers personalized coverage and a slew of policy add-ons to ensure you have exactly the right protection.

Pros

  • 4 customizable policy packages with several available add-ons, like extended replacement cost and water backup coverage

  • Offers eco-friendly green home coverage and discounts

  • Protect expensive family heirlooms and appliances with equipment breakdown, guaranteed replacement cost, and personal articles coverage

  • File claims online — plus, Travelers has special catastrophe centers for claims after a natural disaster

Cons

  • Below-average customer service and claims satisfaction ratings

Why Travelers tops our best list

Travelers customers can select from four customizable policy packages while taking advantage of eco-friendly home coverage and discounts. With policy add-ons to protect your home and precious heirlooms, plus a track record of 165 years and counting of reliability, Travelers customers know they are protected if disaster strikes. Travelers customers can file claims online or by calling their local agent.

How to get a quote

Online through Policygenius or Travelers

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Cheapest homeowners insurance companies by ZIP code in Nashville

Looking at average home insurance costs for 15 of the most popular companies in Nashville, we found that the cheapest home insurance in the city can be found in the 37205 ZIP code (Belle Meade) with State Auto. The average State Auto rate in this area is $576 per year — significantly less than the Nashville city average of $2,326 per year. 

Homeowners in most areas of Nashville are likely to find the cheapest rates with State Auto, with average rates ranging from $576 to $891 per year.

ZIP code

Company

Average yearly cost

37080

State Auto

$850

37201

State Auto

$742

37203

State Auto

$741

37204

State Auto

$739

37205

State Auto

$576

37206

State Auto

$777

37207

State Auto

$844

37208

State Auto

$782

The most affordable areas for homeowners insurance in Nashville

With an average home insurance rate of $2,128 per year, the 37215 ZIP code (Green Hills), is the most affordable area for home insurance in Nashville. While the median home value of $825,000 in the 37215 ZIP code is among the highest in Music City, its home insurance rates are the lowest. 

ZIP code

Average yearly cost

37215

$2,128

37204

$2,129

37205

$2,130

37221

$2,164

37219

$2,175

The most expensive areas for homeowners insurance in Nashville

With an average home insurance rate of $2,689, the 37235 ZIP code (Midtown) is the most expensive area for homeowners insurance in Nashville.

ZIP code

Average yearly cost

37235

$2,689

37238

$2,666

37207

$2,546

37218

$2,517

37210

$2,487

Shopping for homeowners insurance in Nashville

Nashville residents shopping for home insurance should ensure they have enough coverage to protect their homes and lifestyles in the event disaster strikes. You’ll want to find the best coverage at a price that works within your budget.

In this section, we break down the average annual home insurance rates in Nashville for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies for dog and pool owners. Once you’re ready to shop for insurance, a Policygenius expert can help you find the coverage best suited for your needs.

Nashville home insurance costs by coverage amounts

Dwelling coverage is the portion of your home insurance policy that pays to rebuild or repair your home after a covered loss. Your dwelling coverage limit should be based on your home's replacement cost, or the amount it costs to rebuild — not its market value or purchase price.

Nashville homes with a dwelling coverage limit of $500,000 cost around $1,500 more to insure each year than the average Nashville home.

Dwelling coverage amount

Average yearly cost

$100,000

$1,143

$200,000

$1,746

$300,000

$2,326

$400,000

$2,927

$500,000

$3,577

Personal liability coverage is the section of your home insurance policy that pays for medical, legal, or repair bills if someone is injured or their property is damaged and you’re found legally responsible. 

Liability coverage amount

Average yearly cost

$100,000

$2,369

$200,000

$1,837

$300,000

$2,326

$400,000

$2,197

$500,000

$2,356

Nashville home insurance costs by deductible amount

Your policy deductible is the amount you're responsible for paying on each covered home insurance claim. A higher deductible means lower home insurance premiums, but it also means you'll have to pay more out of pocket in the event of a loss.

As highlighted in the table below, Nashville residents can save around $225 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$2,545

$1,000

$2,326

$2,000

$2,305

Home insurance discounts in Nashville

Many insurance companies offer discounts to homeowners if their homes have certain features like deadbolt locks or home security systems as a way to deter crime.

While there’s isn’t a large discount for these features, the extra security is worth it to keep your home protected. Here is the average annual rate and average discount percentage for homes in Tennessee with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$2,326

Smoke alarm

$2,317

Burglar alarm

$2,294

Home insurance companies in Nashville for dog owners

It’s more important than ever to be sure your dog is on a leash or restrained when someone new comes onto your property. If your insurance company considers your dog to be a dangerous breed, your home insurance may cost more.

Some insurance companies charge higher rates to customers with certain dog breeds and can even use your dog's breed as grounds for policy cancellation or denial of coverage.

With an average rate of $1,201 per year, Allstate has the cheapest home insurance rates in Nashville for a home with a dangerous dog breed, while the highest rate belongs to Travelers, at $7,082 per year.

Company

Average yearly cost

Allstate

$1,201

USAA

$1,632

Farm Bureau Insurance of Tennessee

$2,012

State Farm

$2,371

Travelers

$7,082

Home insurance companies in Nashville for poor credit

A low credit score can leave you sad and weary, just like an old country love song. It is often an indicator to home insurance companies that you may file more frequent insurance claims than someone with a better score.

Higher risk translates into more expensive rates, so you'll often have to pay more for home insurance if you have bad credit. 

With an average rate of $1,927 per year, Allstate has the cheapest home insurance rates in Nashville for a homeowner with poor credit, while Travelers’ average yearly premium of $17,709 is the highest.

Company

Average yearly cost

Allstate

$1,927

Farm Bureau Insurance of Tennessee

$2,012

USAA

$2,598

State Farm

$4,074

Travelers

$17,809

Home insurance companies in Nashville for pool owners

Not all Nashville homeowners are country music stars and can afford to have a swimming pool in their backyard. But if you have the funds to pay for the upkeep, be aware that your home insurance rates might be higher. Some insurance companies consider swimming pools a liability risk and will often charge homeowners higher insurance rates if you have one on your property.

With an average rate of $1,236 per year, Allstate has the cheapest home insurance rates for Nashville homes that have a swimming pool, while Travelers has the highest rates at $7,791 per year.

Company

Average yearly cost

Allstate

$1,236

USAA

$1,632

Farm Bureau Insurance of Tennessee

$2,012

State Farm

$2,371

Travelers

$7,791

How to buy homeowners insurance in Nashville

Nashville has seen its share of severe weather and flooding over the last several years, so it’s no wonder homeowners want the best home insurance available for their home.

We’ve compiled a list of five easy steps to make the process as simple as possible.

  1. Reach out to a licensed Policygenius agent. Our team of licensed home insurance experts will help you find the right policy to suit your coverage needs, all while saving you time and money.

  2. Ask if you should purchase flood coverage. If you live in an area that has seen flooding in the last several years, you might want to purchase flood insurance to protect your home. A Policygenius agent can help you do this, too.

  3. Figure out how high of a deductible you can afford. A higher deductible means you’ll pay less in premiums, but you’ll also have to pay more out of pocket on a covered claim. A Policygenius agent can help you pick out a deductible that works the best for you based on your budget.

  4. Compare quotes from a Policygenius agent. Once you identify your coverage needs and input a few brief details about you and your house, a Policygenius agent will send over quotes from several top companies.

  5. Sign on the dotted line and pay your first premium. After you’ve settled on a home insurance policy that works for you, all you need to do is sign and pay your first premium. Policygenius will handle the rest.  

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Frequently asked questions

What is the average home insurance cost in Nashville?

The average home insurance rate in Nashville is $194 a month.

Why do my rates change when I lower my deductible?

Your deductible is the amount you pay before your insurance coverage kicks in after a covered loss. A lower deductible means you’ll pay more for your overall premium, but less out of pocket on an approved claim.

Is it mandatory to have homeowners insurance in Nashville?

Homeowners insurance is not legally required, but it’s a good idea to purchase a policy anyway to financially protect yourself and your home. Additionally, most mortgage lenders require you to carry enough home insurance to cover the rebuild value of your house.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.