Nashville Home Insurance

Those who live in Music City, U.S.A., walk to the beat of their own drum.

It isn’t hard to imagine why someone would want to settle down in Nashville, which has become a hotbed for both established and first-time homeowners. But before you go out line dancing or walking with your pup at one of the many pet-friendly outdoor areas, make sure your home and family are protected.

We’ve put together a quick guide to securing Nashville home insurance.

How much is homeowners insurance in Nashville?

The average home insurance rate in Nashville is $1,997, which is higher than the Tennessee home insurance average of $1,344, the U.S. average of $1,200 and the $1,940 average of other large Tennessee city Knoxville.

What factors influence my home insurance rate?

Nashville’s home insurance rate is high compared to the U.S. and Tennessee average because the city is susceptible to natural disasters like tornadoes and wildfires and experiences high rates of property crime. By shopping smart and protecting your home, you can find the best possible premium rate while keeping your family and home safe.

What does home insurance in Nashville cover?

A typical home insurance policy covers three things: dwelling, personal property and personal liability. Broken down into specifics, that means the following will be covered:

• Dwelling: Any structures on your property, including sheds, fences, carports and other structures beyond your home.
• Personal property: Your belongings on your property, including outdoor items.
• Personal liability: Accidental damage to a friend or guest visiting your home, or accidental damage you cause outside of your home.

Simply put: If your friend slips and falls during line dancing practice in your living room, you’ll be covered. You’ll also be covered if “Smashville” becomes more than just an endearing nickname for the Nashville Predators and damage is done to your home.

Considerations for Nashville residents

Nashville residents may opt for extra home insurance coverage to prevent the financial burden of city-specific accidents. Nashville, for example, has a property crime rate that is double the national average. While personal property insurance in a basic policy will cover most of your belongings, you may want to purchase home contents insurance for more expensive or valuable items.

Nashville also experiences four distinct seasons including hot summers and cold, snowy winters, so you’ll want to be prepared for any ensuing weather-related home damages. As a perfect example of extreme weather, Nashville experiences tornadoes at a higher rate than the rest of the country. To prepare for that type of event, Nashville residents may consider a catastrophe insurance rider.

Nashville residents may also want to consider the following:

• Pools: Though pools are an attractive perk for homebuyers in Nashville, they might up your insurance cost.
• Solar panels: Nashville is a relatively sunny city, so those who opt to invest in solar panels may need to purchase a solar panel insurance rider to cover them.

Tips for lowering your homeowners insurance premium

When your home insurance costs more than the national average, you might want to find ways to save. Most home insurance providers will provide discounts to those who take “two-steps” to protect their home and prepare it for damages.

To combat Nashville’s high property crime rate, Nashville residents may arm their homes with smart devices. Smart devices can add an extra layer of security to your home by providing surveillance cameras and alerting you or the authorities if a window or door is broken or forced open. Smart devices can also help make your home more financially and environmentally friendly by monitoring energy and water use, regulating the thermostat and alerting you of any leaks.

You can also get discounts for protecting your home in other ways, like investing in fire protection gear like fire extinguishers and smoke alarms. Not only will this keep you safe if you’re trying to recreate your favorite meat-and-three dish and a fire sparks, it can also save you money.

Nashville residents know how to party. And while we here at Hippo support a good ol’ fashioned honky-tonk, we also want to be there to protect you and your home in case things get too rowdy. Contact us for a home insurance quote today.