The Rising Cost of Homeowners Insurance in Nashville:
Are You Covered?

If your homeowners insurance premium feels like it's gone up overnight, you’re not imagining things. Across Middle Tennessee and especially in the greater Nashville area, homeowners are seeing sharp increases in their insurance costs. According to recent data, the average annual homeowners insurance premium in Nashville is now around $2,840, up significantly from previous years. That’s nearly 35% higher than the national average.

Why the spike? It’s a combination of inflation, rising labor and materials costs, and an increase in severe weather events that have led to more frequent and expensive claims. Whether or not you’ve filed a claim, chances are your rates have climbed—and fast.

🛡️ Is Your Policy Still Enough?

As costs rise, it’s more important than ever to make sure your coverage is keeping up. Too many homeowners are underinsured and don’t even realize it until disaster strikes. Here's how to stay protected:

• Review your dwelling coverage to ensure it reflects today’s rebuilding costs—not the price you paid for the home.

• Update personal property coverage for new furniture, electronics, or valuables you’ve added in recent years.

• Check your liability limits, especially if you host guests, have a dog, or own a pool or trampoline.

• Consider add-ons like flood, earthquake, or sewer backup endorsements, especially if you're in a higher-risk area.

✅ Coverage Checklist for Homeowners

Use this quick checklist to assess whether your current policy has you fully covered:

• Dwelling coverage reflects current rebuilding costs

• Personal property value is up to date

• Liability protection is sufficient

• Medical payments coverage is included

• Additional living expenses are covered

• Deductibles are set at a manageable level

• Optional endorsements are added as needed

• Policy discounts (bundling, security systems, etc.) are applied

📸 Don’t Skip a Video Inventory

One of the most effective ways to speed up a future claim is by creating a video inventory of your belongings. Just grab your smartphone, walk through your home, and record everything while narrating out loud—mentioning model numbers, brands, and approximate values. Open drawers, closet doors, and storage bins to capture it all. Once done, save the video to the cloud using Google Drive, Dropbox, or iCloud. Then, email yourself a copy of the link and share it with a trusted family member or your insurance agent for extra protection. A simple 10-minute video could save you thousands later.

💡 Ways to Save on Premiums

Even with prices rising, there are smart ways to reduce your bill:

• Shop around annually and compare quotes

• Increase your deductible (but make sure it's affordable)

• Bundle with auto or umbrella policies

• Install smoke detectors, alarms, or smart home security

• Maintain a strong credit score

Final Thoughts

Homeowners insurance isn’t just a checkbox—it’s a key part of protecting your investment and your peace of mind. With rates rising quickly, take time now to review your policy, update your coverage, and complete a home inventory. You’ll be glad you did if the unexpected ever happens.

Need a trusted insurance contact? Or wondering what coverage you might need based on your home's value?  Reach out—I'm always happy to connect you with a local insurance expert and do a complimentary market analysis on your home.