Best & Cheapest Homeowners Insurance in Nashville, TN May, 2024
In Nashville, Allstate provides the cheapest home insurance option for homeowners, with an average yearly rate of $1,670.
In our thorough assessment of home insurance providers in Nashville, Tennessee, Allstate emerges as the most budget-friendly choice, offering an average annual rate of $1,670. However, it’s crucial to recognize that the ideal insurer can differ based on your individual circumstances and preferences.
For example, if you own a newly built home, Allstate presents the most economical option at $1,178 annually. Conversely, for older homes, Auto-Owners provides competitive rates of $1,706 per year alongside comprehensive coverage.
Moreover, if your credit score has taken a hit, Allstate remains the most affordable selection with an average yearly premium of $1,935. For those with a track record of claims, State Farm offers a reasonable and accommodating alternative at $2,381 annually.
Additionally, if you possess valuable personal belongings requiring protection, USAA once again proves to be the top contender, furnishing extensive coverage at a reasonable rate of $1,762 per year.
Our in-depth analysis at Insuranceopedia aims to aid you in finding the perfect fit for your home insurance requirements. Through comparing customer ratings, evaluating personal experiences, and offering comparison charts, we endeavor to equip you with all the necessary information to make a well-informed decision.
How much is homeowners insurance in Nashville, TN?
In Nashville, Tennessee, Allstate provides the most economical homeowners insurance rate, priced at $1,670 per year.
| Area | Average Monthly Rate |
| National | $1,820 |
| Tennessee | $3,472 |
| Nashville | $3,084 |
It’s important to acknowledge that insurance rates aren’t fixed; they can vary greatly based on numerous factors.
Cheapest Homeowners Insurance in Nashville, TN
Our Methodology
To pinpoint the most budget-friendly home insurance rates in Nashville, we conducted an analysis using data sourced from multiple home insurance review platforms. Some of these platforms assessed rates obtained from public filings acquired by Quadrant Information Services. We calculated an average of these rates for our assessment. However, it's important to highlight that rates from each company can vary regularly and may differ depending on your specific circumstances. Furthermore, our thorough rating incorporates subjective opinion, which is based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Homeowners Insurance in Nashville, TN
Allstate stands out as the most economical option for homeowners insurance in Nashville, Tennessee, offering an average annual rate of $1,670.
| Company | Annual Premium |
| Allstate | $1,670 |
| USAA | $1,710 |
| State Farm | $2,138 |
| Travelers | $5,593 |
| Auto-Owners | $5,714 |
The cost of your insurance policy is affected by several factors, including your location, your home’s value, and your claims history. Allstate provides a blend of affordability and comprehensive coverage, achieving a balance that caters to the requirements of homeowners.
Cheapest Homeowners Insurance If You Have an Older Home
For older homes, Auto-Owners offers the most economical rates, averaging $1,706 per year.
| Insurance Company | Average Annual Premium |
| Auto-Owners | $1,706 |
| Progressive | $1,789 |
| Erie | $2,014 |
| State Farm | $2,384 |
| Farmers | $3,431 |
Older homes often come with unique risks and maintenance challenges that can result in higher insurance costs. However, Auto-Owners provides competitive rates and comprehensive coverage tailored to meet the needs of older homes, addressing these specific requirements effectively.
Cheapest Homeowners Insurance for Newly Constructed Homes
For newly constructed homes, Allstate provides the most affordable option, with an average annual rate of $1,178.
| Insurance Company | Average Annual Premium |
| Allstate | $1,178 |
| USAA | $1,189 |
| State Farm | $1,599 |
| Travelers | $2,853 |
| Auto-Owners | $3,540 |
Newly constructed homes often demand distinct coverage compared to older ones, and Allstate is recognized for providing affordable policies customized to address these specific needs.
Cheapest Homeowners Insurance If You Have Poor Credit
If you have a poor credit score, Allstate provides the most affordable solution, with an average annual rate of $1,935.
| Insurance Company | Average Annual Premium |
| Allstate | $1,935 |
| USAA | $2,598 |
| State Farm | $4,089 |
| Farmers | $4,467 |
| Auto-Owners | $14,912 |
Your credit score is a key factor in determining your insurance rates, as insurers use it to evaluate risk. Allstate recognizes the importance of offering fair coverage to all individuals, regardless of their financial background.
Cheapest Home Insurance for a History of Claims
| Insurance Company | Average Annual Premium |
| State Farm | $2,381 |
| USAA | $2,490 |
| Erie | $2,530 |
| Farmers | $5,742 |
| Travelers | $7,699 |
Cheapest Home Insurance Rates for Lots of Personal Property
If you own a substantial amount of personal property, USAA provides the most affordable rates, averaging $1,762 annually.
| Insurance Company | Average Annual Premium |
| USAA | $1,762 |
| State Farm | $2,169 |
| Erie | $2,198 |
| Auto-Owners | $6,378 |
| Travelers | $6,494 |
As your personal property increases, your coverage needs may also expand, potentially resulting in higher premiums. However, USAA offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.
Best Homeowners Insurance Companies in Nashville, TN
Selecting the right homeowners insurance isn’t just essential; it’s a strategic choice. With Nashville’s diverse history, its homes reflect the uniqueness of its residents. Therefore, discovering an insurance provider that offers thorough coverage at competitive rates is paramount.
To simplify your decision-making, we’ve compiled a list of the leading homeowners insurance companies in Nashville, Tennessee. These companies have been assessed based on factors like annual premiums, coverage choices, customer satisfaction ratings, and overall dependability. Explore our comparison chart below to identify the ideal fit for your home insurance requirements.
| Company | Annual Premium | |
| 1. | Allstate | $1,670 |
| 2. | USAA | $1,710 |
| 3. | State Farm | $2,138 |
| 4. | Travelers | $5,593 |
| 5. | Auto-Owners | $5,714 |
| 6. | Tennessee Farmers Group | $2,015 |
| 7. | Progressive | $1,670 |
| 8. | Shelter | $2,048 |
| 9. | Farmers | $3,342 |
Average Home Insurance Rates by Zip Codes
Homeowners insurance costs in Nashville, TN can fluctuate significantly based on the zip code. Below are tables presenting rates for different zip codes in Nashville, encompassing the cheapest and most expensive ones in the area for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 37209 | $1,909 |
| 37205 | $2,131 |
| 37214 | $1,955 |
| 37215 | $1,805 |
| 37221 | $1,835 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 37211 | $1,876 |
| 37209 | $1,909 |
| 37201 | $1,943 |
| 37238 | $1,964 |
| 37217 | $1,975 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 37240 | $2,245 |
| 37205 | $2,131 |
| 37218 | $2,074 |
| 37210 | $2,072 |
| 37206 | $2,058 |
Average Home Insurance Rates in Nashville, TN by Deductible Amount
The chosen deductible amount for a homeowners insurance policy has a notable impact on premium rates in Nashville, Tennessee. Here’s a breakdown of how average home insurance rates vary based on different deductible amounts:
| Deductible Amount | Average Annual Premium |
| $500 | $1,571 |
| $1,000 | $1,455 |
| $1,500 | $1,370 |
| $2,000 | $1,290 |
Average Home Insurance Rates in Nashville, TN By Coverage Amount
One crucial factor that influences your premium is the dwelling coverage amount. This represents the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.
Here’s a comparison chart illustrating the average annual homeowners insurance premiums for various dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,199 |
| $250,000 | $1,456 |
| $300,000 | $1,699 |
| $350,000 | $1,904 |
| $400,000 | $2,158 |
Average Home Insurance Rates in Nashville, TN by Company
Here’s a comparison of annual premiums from top insurance companies in Nashville.
| Company | Annual Premium |
| Allstate | $1,670 |
| USAA | $1,710 |
| State Farm | $2,138 |
| Travelers | $5,593 |
| Auto-Owners | $5,714 |
| Tennessee Farmers Group | $2,015 |
| Progressive | $1,670 |
| Shelter | $2,048 |
| Farmers | $3,342 |
How Much is Homeowners Insurance for Other Cities in Tennessee?
Here’s a detailed comparison chart displaying the most budget-friendly annual premiums across different cities in Tennessee.
| City | Annual Premium |
| Adamsville | $2,360 |
| Memphis | $3,864 |
| Cedar Hill | $2,192 |
| Charleston | $1,890 |
Getting Online Homeowners Insurance Quotes in Tennessee
Platforms like Insuranceopedia make it easy to find the perfect coverage for your unique needs with just a few clicks. By offering quick online quotes from a range of top-rated insurers, Insuranceopedia allows you to effortlessly compare rates.
Just input your information, and we’ll take care of the rest by providing you with a variety of options customized to your requirements. This empowers you to confidently choose a policy that offers the best value, balancing cost and comprehensive coverage effectively.
FAQs
Who has the cheapest home insurance in Nashville, TN?
Allstate offers the most budget-friendly home insurance option in Nashville, Tennessee, with an annual premium of $1,670.
What is the average cost of home insurance in Nashville, TN?
Typically, homeowners insurance in Nashville, Tennessee averages around $3,084 annually.
