Historic flooding and active severe weather seasons including thunderstorms and tornadoes 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.
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.
Methodology & why you can trust our rates
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.
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 |
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
Read our full State Farm home insurance review
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 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
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
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
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
Read our full Travelers home insurance review here
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
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 |
37209 | State Auto | $763 |
37210 | State Auto | $791 |
37211 | State Auto | $813 |
37212 | State Auto | $733 |
37213 | State Auto | $756 |
37214 | State Auto | $812 |
37215 | State Auto | $585 |
37216 | State Auto | $841 |
37217 | State Auto | $891 |
37218 | State Auto | $821 |
37219 | State Auto | $730 |
37221 | State Auto | $880 |
37228 | State Auto | $746 |
37235 | State Auto | $736 |
37238 | State Auto | $742 |
37240 | State Auto | $736 |
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.
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.
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.
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.
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.
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.
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.
