Murfreesboro Homeowners Insurance

Your Complete Guide to Murfreesboro, TN Homeowners Insurance

Murfreesboro is a city of over 136,000 residents. Located 34 miles southeast of Nashville, it is the fastest growing major city in Tennessee and one of the fastest growing cities in the US. 

Houses anywhere can be damaged by fires, severe storms, break-ins, and other perils. 

Whether you’ve lived in Murfreesboro all your life, or you're one of the many new residents of this thriving city, you have to protect your most important asset—your home. 

In order to protect your investment in your home, you need homeowners insurance that covers your risks. Local independent insurance agents can help you find the best and most affordable insurance coverage for your home. 

Average Cost of Homeowners Insurance in Murfreesboro, TN

Tennessee is the 22nd most expensive state for home insurance in the US, and the average cost of homeowners coverage in Murfreesboro is higher than both the state and national averages. 

  • National average yearly premium: $1,173
  • Tennessee average yearly premium: $1,149
  • Murfreesboro average yearly premium: $1,314

Your home insurance rates may be higher or lower than average, depending on your home’s unique characteristics (size, location, age, value, etc.) and other risk factors (crime rate, severe weather risk) in your neighborhood. 

If your property’s location comes with more hazards than most, expect to pay more. You will also pay more if your home will cost more to repair or rebuild than others. 

Comparing quotes from multiple insurance companies and making sure you are maximizing your discounts is the best way to make sure you’re getting the best rate on your home insurance. 

A local independent insurance agent can help you do just that, and can guide you through the process to ensure that you are getting the coverage you need. 

What Is the Burglary Rate in Murfreesboro, TN?

The home burglary rate in Murfreesboro is lower than the state average. That’s good news for local homeowners, who may see a reduction in their homeowners insurance rates as a result. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Tennessee: 6.06
  • Number of burglaries per 1,000 homes in Murfreesboro: 4.83

You can be the victim of a home burglary, break-in, or vandalism even if you live in a very safe neighborhood. Your homeowners insurance policy reimburses you for loss or damage following such an event. 

In addition to purchasing homeowners insurance, it’s important to ensure that your home is safe from break-ins. There are a variety of measures you can take to discourage burglars, such as leaving lights on, locking your doors at all times, and installing a home security system. 

Home security systems are the best way to deter the bad guys. And what’s more, having one may make you eligible for a discount on your homeowners insurance. 

Catastrophic Events in Tennessee

  • Number of declared disasters in Tennessee: 69
  • Most common reasons for disasters in the state: Severe Storms and Floods
  • Average number of tornadoes per year in Tennessee: 29.1
  • Average amount of property damage per year in Tennessee: $1,153,112,000
  • 1 in 15 insured homes has a claim each year

Homeowners insurance is designed to reimburse you for the costs of property damage after a fire, severe storm, or certain other perils. If you don’t have homeowners insurance, you’ll be on your own to pay for repairs, replace damaged or destroyed possessions, and pay for alternative housing if you can’t live at home while you rebuild. 

There is a real threat of severe weather and flooding in Tennessee. Tornadoes can occur anywhere across the state and can wipe out your entire property. Should the worst happen to you, having a reliable homeowners policy will offer the peace of mind you need to move forward and recover as quickly as possible. 

Be sure to ask your insurance agent if you need flood insurance. Flood damage is not covered by your standard home insurance policy; it must be purchased through the National Flood Insurance Program (NFIP). 

Liability Insurance for Murfreesboro, TN Homeowners

Your homeowners insurance policy covers your home’s structure and your personal possessions. Your policy also includes liability coverage, which is designed to help you pay for a variety of expenses if you are sued for negligence. 

If someone is injured on your property, your liability coverage will pay for their medical expenses related to the accident. If they sue you for additional damages, your liability coverage pays for attorney fees, other court costs, and any settlements or judgments that you are required to pay to the injured party. 

You can learn more about your liability risks and how to protect yourself with liability insurance from a local independent insurance agent 

Second Home and Vacation Home Insurance

Tennessee offers a wide variety of recreation opportunities across the entire state. Perhaps you are lucky enough to own a hunting cabin or a cottage on one of the state’s many beautiful lakes. 

Most second homes need insurance coverage that is somewhat different from a standard homeowners policy, because second homes often come with different types of risks. 

Cabins and lake homes may only be occupied seasonally. These homes have a much greater risk of sustaining damage during the off-season, or during the work week, when they are unoccupied. What’s more, damage to seasonal homes often gets worse because it may go unnoticed for long periods. 

If you own a seasonal home or weekend getaway, you might need vacant home insurance in order to properly protect your investment. 

If you own a vacation home that you rent to tourists or a student apartment in the city, you’ll probably need landlord insurance to properly cover the additional liability risks that you face as a landlord. 

An independent insurance agent can help you review the unique coverage needs for all of your residential properties. You can review competitive quotes to make sure you’re getting the best price. 

Why Work with an Independent Insurance Agent?

Independent insurance agents in your city can help you find a reliable and affordable home insurance policy. Independent agents aren’t tied to one company, so you can be sure you are getting honest, unbiased advice. 

Contact an agent in Murfreesboro to start comparing customized home insurance quotes.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
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