Fortunately, Nashville homeowners are able to receive discounts on their home insurance. Among the best ways to lower your rate is to bundle your home insurance and car insurance with the same provider. You can also receive discounts for adding safety upgrades to your home, such as new smoke alarms and a security system. While Tennessee does not legally require homeowners to purchase insurance, your mortgage lender will—unless you pay for the home outright in cash. Purchasing homeowners insurance in Nashville is a good idea, as tornados and strong seasonal storms are prevalent in this area. Homeowners insurance in Nashville covers damage from fire, strong storms such as tornadoes, theft and hail. Tennessee law also requires home insurance companies to cover any damages caused by sinkholes. Your home insurance policy covers you up to the deductible and liability amount you select. You can change these amounts at any time.