Best homeowners insurance in Nashville, TN (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Nashville.

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By

Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
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Reviewed by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

Updated|3 min read

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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. 

The average cost of homeowners insurance in Nashville is $2,023 per year or $169 a month. This is around 3% lower than the statewide average of $2,095 per year, and only 15% higher than the national average of $1,754. 

Compare home insurance rates in Nashville

Compare the best cheap homeowners insurance companies in Nashville

To find the best cheap homeowners insurance in Nashville, Policygenius rated over a dozen of the largest insurance companies in Tennessee across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

Company

Average monthly cost

Policygenius rating

Auto-Owners Insurance

$122

5.0 out of 5

State Farm

$198

4.8 out of 5

Farmers

$277

4.5 out of 5

Erie

$131

4.5 out of 5

Allstate

$100

4.4 out of 5

award icon

2024 Policygenius award winner

Auto-Owners Insurance

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starFull orange star

5.0

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Why we chose itchevron icon

Auto-Owners Insurance is our highest-rated homeowners insurance company in Tennessee thanks to its mix of extensive policy and coverage options, high marks for financial strength and customer experience ratings, and affordable premiums.

Pros and conschevron icon

Pros

  • Offers a slew of extra coverage add-ons

  • Lots of discounts available

  • Flood insurance available through the NFIP

Cons

  • Not able to get quotes or file claims online

More detailschevron icon

Why Auto-Owners Insurance is our pick for best overall company

Auto-Owners Insurance is our pick for the best overall home insurance company in Tennessee. The company scored at least a 4 out of 5 for price, customer experience, coverage options, and financial strength, which earned it a perfect 5 out of 5 Policygenius rating.

With endorsements like guaranteed replacement cost, water backup protection, inland flood coverage, and a comprehensive Homeowners Plus endorsement package, Auto-Owners offers excellent value for the coverage you're getting.

Finally, while Auto-Owners offers cheap homeowners insurance, the company also offers a range of discounts that can help lower your insurance rates even more.

How much does Auto-Owners home insurance cost compared to the Nashville average?

Auto-Owners homeowners insurance in Nashville costs $1,460 per year, which is more expensive than the average cost of Auto-Owners insurance in Tennessee.

In comparison, the average cost of Auto-Owners home insurance in Tennessee is $1,658 per year, according to sample quotes provided to us by Quadrant Information Services.

How to get an Auto-Owners quote?

To get a homeowners insurance quote, you’ll have to call a local Auto-Owners Insurance agent.

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is the one of the top home insurance companies in Tennessee thanks to its high customer service marks, large selection of policy options for most home types, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • High customer satisfaction and financial strength ratings

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • Offers large discounts when you bundle your home and auto insurance

Cons

  • 20% more complaints filed with the NAIC than other companies of its size

  • No discounts for first-time homebuyers

  • More expensive than average in Tennessee

More detailschevron icon

Why we chose State Farm

State Farm is the best company in Tennessee for homeowners wanting top-rated customer service. The company has received high ratings from policyholders according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys.

Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.

While we like State Farm's robust coverage options, State Farm doesn't have the cheapest home insurance in Tennessee. We found that rates are about one third more expensive than the statewide average.

How do State Farm home insurance rates compare to the Nashville average?

Homeowners insurance with State Farm in Nashville costs an average of $2,371 per year. In comparison, the average cost of State Farm home insurance in Tennessee is $2,766 per year, which is 32% higher than the average annual premium in Tennessee.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

award icon

2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Tennessee for its range of coverage add-ons, discounts, and high claims satisfaction scores.

Pros and conschevron icon

Pros

  • Optional extended or guaranteed replacement cost dwelling coverage

  • Receives few complaints from policyholders

  • High claims satisfaction score

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

  • Much higher rates than average in Tennessee

More detailschevron icon

Why we chose Farmers

Farmers offers homeowners in Tennessee lots of optional coverages that they can add to a basic policy. Some of these coverages include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Nashville?

The average Farmers home insurance policy in Nashville costs $3,325 per year, which is much higher than the average home insurance rates in Nashville and higher still than the average cost of home insurance in Tennessee.

For example, the average cost of Farmers home insurance in Tennessee is $3,330 per year, which is much more expensive than the average annual premium of $2,095 per year.

How to get a quote

Online through Farmers

award icon

2024 Policygenius award winner

Erie

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Mobile app

Bundle home & auto

Why we chose itchevron icon

Erie's short-term rental endorsement, along with a wide range of other coverage options, industry-best customer service ratings, and affordable rates make it one of the best home insurance options in Tennessee.

Pros and conschevron icon

Pros

  • Offers short-term rental endorsement

  • Cheap rates in Tennessee

  • Excellent customer service and claims satisfaction ratings

Cons

  • Just three available discounts

More detailschevron icon

Why we chose Erie

Erie offers a range of add-ons, like short-term rental coverage, equipment breakdown coverage, water backup protection, underground service line coverage, and more.

Standard home insurance policies from Erie also come with guaranteed replacement cost coverage — which you often have to pay extra for at other companies. A basic policy covers lost and misplaced items, jewelry, and gift cards to closed businesses, too.

We found that Erie has cheaper homeowners insurance in Tennessee than average, as well. The company's cheap rates will make it easier to add more coverage to an already-robust basic policy.

How do Erie home insurance rates compare to the average in Nashville?

The average Erie homeowners insurance policy in Nashville costs $1,577 per year. In comparison, the average cost of Erie home insurance in Tennessee is $1,890 per year. That's 10% cheaper than the statewide average cost of $2,095 per year.

How to get a quote

Online through Erie

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Whether you’re looking for basic or comprehensive home insurance coverage, Allstate is a standout option for its cheap rates and solid customer service.

Pros and conschevron icon

Pros

  • Offers some of the best rates in the state

  • Extensive list of discounts and policy features to lower your bill and out-of-pocket costs

  • A+ credit rating with A.M. Best

Cons

  • Beginning to pull back coverage in high-risk areas

  • Customer experience scores with J.D. Power are below the segment average

More detailschevron icon

Why we chose Allstate

Allstate's homeowners insurance rates in Tennessee are much cheaper than average. Plus, the company offers discounts that will be easy for many people to qualify for, like discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy expires.

We also like Allstate's high customer satisfaction ratings. This, and Allstate's excellent coverage options — like scheduled personal property coverage, short-term rental coverage, and water backup protection — make it one of our top choices for homeowners insurance in Tennessee.

How do Allstate home insurance rates compare to the Nashville average?

The average cost of an Allstate home insurance policy in Nashville is $1,201 per year. In comparison, the average annual cost of an Allstate home insurance policy in Tennessee is $1,613 per year, 23% cheaper than the statewide average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

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.

Compare home insurance rates in Nashville

How much is homeowners insurance in Nashville?

The average cost of homeowners insurance in Nashville is $2,023 per year or $169 a month, for a policy with $300,000 in dwelling coverage. This is around 3% lower than the statewide average of $2,095 per year, and only 15% higher than the national average of $1,754. 

Nashville home insurance rates by ZIP code

Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Nashville neighborhoods may be more prone to extreme weather damage or property crime than others.

To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Nashville.

ZIP code

Average annual cost

Difference from state average (%)

37211

$1,875

-11%

37221

$1,834

-12%

37207

$2,103

0%

37209

$1,908

-9%

37214

$1,954

-7%

37217

$1,974

-6%

37206

$2,057

-2%

37205

$2,130

2%

37215

$1,804

-14%

37212

$1,904

-9%

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Cheapest ZIP codes for home insurance in Nashville

With an average home insurance rate of $1,875 per year, the 37215 ZIP code is the most affordable area for home insurance in Nashville.

ZIP code

Average annual cost

Difference from state average (%)

37215

$1,804

-14%

37221

$1,834

-12%

37211

$1,875

-11%

37212

$1,904

-9%

37209

$1,908

-9%

37201

$1,942

-7%

37214

$1,954

-7%

37238

$1,963

-6%

37217

$1,974

-6%

37216

$1,983

-5%

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Most expensive areas for homeowners insurance in Nashville

With an average annual premium of $2,281, the 37213 ZIP code is the most expensive ZIP code in Nashville for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.

ZIP code

Average annual cost

Difference from state average (%)

37213

$2,281

9%

37240

$2,244

7%

37219

$2,175

4%

37205

$2,130

2%

37204

$2,129

2%

37207

$2,103

0%

37208

$2,077

-1%

37218

$2,073

-1%

37210

$2,071

-1%

37206

$2,057

-2%

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Learn more >> Home insurance rates by ZIP code

Nashville home insurance costs by coverage amount

Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.

Here are the average rates for homeowners insurance based on coverage amount.

Dwelling coverage limit

Average annual cost

$100,000

$936

$200,000

$1,481

$300,000

$2,023

$400,000

$2,661

$500,000

$3,277

Nashville home insurance costs by deductible amount

Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.

Here are the average rates for homeowners coverage by deductible amount.

Deductible

Average annual cost

$500

$2,777

$1,000

$2,243

$2,000

$2,012

Cheapest homeowners insurance companies in Nashville

Based on our analysis, State Auto, Allstate, and American National are the three cheapest home insurance companies in Nashville, with average premiums citywide ranging from $768 to $1,452 per year.

Company

Average annual cost

State Auto

$768

Allstate

$1,201

American National

$1,452

Auto-Owners Insurance

$1,460

Erie

$1,577

Westfield Insurance

$1,597

USAA

$1,632

Progressive

$1,656

Tennessee Farmers Group

$2,012

Shelter Insurance

$2,034

State Farm

$2,371

Farmers

$3,325

Celina Insurance Group

$4,399

Travelers

$5,920

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Cheapest home insurance in Nashville if you have poor credit

bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.

Here are the average rates for homeowners insurance for Nashville residents with poor credit.

Company

Average annual cost

Allstate

$1,927

Tennessee Farmers Group

$2,012

Progressive

$2,330

Shelter Insurance

$2,580

USAA

$2,598

State Auto

$2,894

Westfield Insurance

$3,065

State Farm

$4,074

Erie

$4,226

American National

$4,256

Farmers

$4,458

Celina Insurance Group

$7,826

Auto-Owners Insurance

$14,911

Travelers

$17,809

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Cheapest home insurance in Nashville if you have an older home

Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.

Here are the average homeowners insurance rates for Nashville residents with older homes.

Company

Average annual cost

State Auto

$834

Allstate

$1,174

American National

$1,452

Auto-Owners Insurance

$1,604

USAA

$1,648

Progressive

$1,673

Westfield Insurance

$1,741

Erie

$1,746

Tennessee Farmers Group

$2,012

Shelter Insurance

$2,034

State Farm

$2,374

Farmers

$3,429

Celina Insurance Group

$4,846

Travelers

$6,943

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Cheapest homeowners insurance in Nashville if you have a history of claims

Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.

Here's the cheapest home insurance companies in Nashville for a homeowner with three claims within a five-year period on their record.

Company

Average annual cost

Auto-Owners Insurance

$1,658

State Auto

$1,694

Allstate

$1,998

American National

$2,107

Progressive

$2,147

Tennessee Farmers Group

$2,234

State Farm

$2,374

USAA

$2,380

Shelter Insurance

$2,479

Erie

$2,516

Westfield Insurance

$3,746

Farmers

$5,738

Celina Insurance Group

$6,584

Travelers

$7,698

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How to get homeowners insurance quotes 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.

5 steps to buying homeowners insurance in Nashville, TN

  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.  

Compare home insurance rates in Nashville

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.

Author

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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