Knoxville ,TN Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Knoxville, TN homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Knoxville, TN is $2188. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Knoxville, TN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Knoxville, TN.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $875 |
| $200,000 | $1,488 |
| $300,000 | $1,838 |
| $400,000 | $2,801 |
| $500,000 | $3,523 |
Home insurance costs in Knoxville can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 037917 | $2,051 |
| 37915 | $2,090 |
| 37919 | $2,273 |
| 37902 | $2,351 |
| 37931 | $2,182 |
| 37923 | $2,158 |
| 37909 | $2,132 |
| 37938 | $2,142 |
| 37918 | $2,099 |
| 37916 | $2,174 |
| 37924 | $2,091 |
| 37912 | $2,060 |
| 37914 | $2,072 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Knoxville, TN, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,243 |
| $1000 Deductible | $2,006 |
| $1500 Deductible | $1,893 |
| $2500 Deductible | $1,707 |
| $5000 Deductible | $1,444 |
| Home Insurance Company Near Knoxville, TN | Homeowners Insurance Agency Near Knoxville, TN | Address |
|---|---|---|
| Travelers | Bob Johnson Insurance Inc | 7121 AFTON DR, KNOXVILLE, TN, 37918 |
| Travelers | Inter-Agency Ins Services Inc | 6209 BAUM DR, KNOXVILLE, TN, 37919 |
| Liberty Mutual | John Attaway | 2030 Falling Waters Road Suite 100, Knoxville, TN, 37922 |
| Allstate | Kevin Yates | 1338 Parkway Ste 1, Sevierville, TN, 37862 |
| Allstate | Lonnie Jones Jr. | 620 N Campbell Sta Rd Ste 9, Knoxville, TN, 37934 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Knox County, Tennessee | $122 | $163 | $245 |
| Rockford city, Tennessee | $124 | $165 | $248 |
| Alcoa city, Tennessee | $119 | $159 | $239 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Knoxville, TN | 6.2% | 18.5% |
| Knox County | 5.48% | 18.8% |
| Rockford | 6.09% | 21.92% |
| Alcoa | 6.53% | 20.55% |
| Knoxville Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 2,494 | 6.0% | $360 |
| $200 to $299 | 1,359 | 3.0% | $810 |
| $300 to $499 | 3,829 | 9.0% | $1260 |
| $500 to $749 | 15,110 | 38.0% | $1935 |
| $750 to $999 | 10,934 | 27.0% | $2685 |
| $1,000 to $1,499 | 4,627 | 11.0% | $3810 |
| $1,500 or more | 1,198 | 3.0% | $5460 |
| Streets in Knoxville Area | Homeowners Insurance Cost |
|---|---|
| Deaderick Ave NW, Radnor Rd NE, Chestnut Hill Ln, Morris Rd, Bearden Pl, Piper Rd NW, Ponder Rd, Keith Ave, Birch Springs Dr, Ferd Hickey Rd NW | $785 |
| Willowcreek Pointe Ln, Lake Ln, Dill St, Mecklenburg Ct, Robin Heights Dr NW, Scotswood Cir, Florence Rd, Chickamauga Ave, N Weisgarber Rd, Parktop Ln NW | $771 |
| Loraine St, Villa Forest Way, Whitesburg Dr, Marion St NW, Christine Ave SE, Sharp Ln, Joan Rd NE, Ohio Ave NW, Cracker Barrel Ln, Maria Ave | $784 |
| Rum Hill Ln, Maplehill Rd, Tobler Ln NW, Overland Trl NW, Gaines Rd, Hollow Tree Way, McFall Ln, Leconte Rd, Fieldwood Dr NE, Foxvue Rd | $800 |
| Sunny Creek Way, Holston Ferry Rd, 3rd Ln, Clancy Ave SW, Mesa Verde Ln, Ellis Rd, McCalla Ave NE, Cornsilk Dr, Lafayette Rd NW, Nelson Cir SE | $801 |
| Charles Rd, Dora St NW, Sarvis Dr SW, Southgate Rd SW, Avondale Ave NE, Shepard St, Topoco Rd SW, Pembridge Rd, Oak Haven Rd, Huffaker Ferry Rd | $795 |
| Bluff View Rd, Meeting House Ln, Lantern Ridge Ln, Toole Dr NW, Mayfair Dr SE, Woodedge Ln, Hansard Ln, Cumberland Wood Dr NW, Polkwright Ln, S Peters Rd | $778 |
| W Woodland Ave, Dale Ave SW, Tallent Rd NW, McConnell St, Randonell Rd SW, Hitching Post Dr, Sway Branch Ln, Ledgerwood Ave, Luck Ave NE, Apple Valley Dr | $806 |
| Pinebrook Dr, Cluster St, Plymouth Rd, Belleaire Ave, Burgundy Pl, Barlow Cir, Erin Dr, Climbing Rd NW, Walden Woods Ct NW, R L Way | $793 |
| Dover St, Cadence Ln, Moses Ave NW, McCall Ln, Ala Dr, Huntland Dr SW, Village Dr, Hickory Dr, Tooles Bend Rd, Hardwood Rd NE | $841 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Knoxville | $119 to $122 |
| Knox County | $122 |
| Rockford | $123 |
| Alcoa | $119 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $3,700 |
| Yearly Knoxville Homeowner Insurance Premium Example | $1,300 | $900 |
| Out of Pocket Expense During Claim | $1,700 | $3,700 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $10,800 | $10,000 |
| Net Savings to Knoxville Home Owner from High Deductible Plan | $800 | |
| Scenario | Knoxville, TN Home Replacement Value MORE than Home Value | Knoxville, TN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $146,000 | $95,500 |
| Insurance Premium based on Replacement Value | $800 | $525 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $35,000 | Risk Exposure from Under Insuring Coverage is $15,500 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $200/year |
| Insurance Company | Chubb Group of Insurance | Allstate | Nationwide Insurance |
| Monthly Premium | 43 | 51 | 62 |
| Year Built | 2000 | 1990 | 1985 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 3 Baths |
| Coverage Amount | $75000-$100000 | $100000-$125000 | $200000-$250000 |
| Deductible | $500 Deductible | $500- $1000 Deductible | $5000 to $10,000 Deductible |