cost of living in Nashville area (Memphis, Chattanooga: insurance, mortgage, houses)

[Memphis1979]

Originally Posted by Kim918

All depends on what you do, what you own, and what you're looking for.

It's actually more here for me. In Rutherford County it's more than FL. I only paid $36 there and here it is $76 plus $10 for emissions testing.

I paid 350 dollars to tag a 1996 grand prix for 3 months in Walton Co Florida, because it was my second vehicle.

Tennessee, 40 bucks for the year.

[Kim918]

Wow! That's huge! I guess it depends on the county.

[BirdieBelle]

Originally Posted by Kim918

Wow! That's huge! I guess it depends on the county.

Yes, some counties will have no problem raising the wheel tax but never touch the property tax.

[andrea3821]

Interesting. Everything doubled in Florida probably a year before we left. I think it was over $100 to register each vehicle for the year. No emissions checks, though.

[Memphis1979]

Originally Posted by andrea3821

Interesting. Everything doubled in Florida probably a year before we left. I think it was over $100 to register each vehicle for the year. No emissions checks, though.

If you're in Metro Nashville, there are emission tests. In the "burbs" or Clarksville, other areas, there are no emission standards. I'm not sure about the other large cities of the state.

[SouthBound3]

Can anyone share what the cost of homeowners insurance is for an average home in Nashville area?

[CountryGirl2b=]

Our house is small, in Franklin - 1550 sq ft - $220,000 - and our home insurance is $600 a year. Of course a lot goes into underwriting in terms of location, etc. But that's a ballpark that might be helpful?

[septimus]

My house in Franklin is $1500/yr (just got new bill) and that includes a $2M umbrella policy and 500k rebuild (plus escalation in case prices rise because of mass damage)

[SouthBound3]

Thanks CountryGirl2b/septimus - do those amounts include tornado coverage? Do you have high tornado deductibles? I was curious as your area is prone to the occasional tornado and wondered if the rates were a little high as a result. I have family in the south near the water and their homeowners insurance rates are sky high with 10K+ deductibles for hurricane damage.

[CountryGirl2b=]

Never heard of "Tornado Insurance".

As I understand it, I am covered for a tornado or a hurricane, just not for a FLOOD. I would be covered if the roof blew off and we suffered rain damage but not if a creek flooded our home. You want to make sure your insurance covers REPLACEMENT COST. The deductible is $1,000 per occurrence. It covered a new roof last year when we had wind damage. I think most if not all homeowners insurance would cover tornado and hurricane damage, just not flood.

And if you move here you SHOULD make sure your house in not in any area flooded in 2010. We had what they called a 100 year event and it surprised a lot of people. Small little creeks flooded like crazy.

My brother had a huge loss on his little beach house on the Jersey shore. He had hurricane insurance for Sandy but the damage was from the flooding and he was NOT covered for that.

Darn insurance companies . . . (sorry)