Average homeowners insurance cost in Knoxville, Tennessee

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In Knoxville, homeowners pay an average annual rate of $2,509 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible). It’s $73 less than the national average of $2,582 .

Homeowners insurance rates change from one home to another. The home insurance premium in Knoxville depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Knoxville, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Knoxville.

Key Takeaways

In Knoxville, homeowners insurance costs $2,509 annually.
Allstate offers the most affordable homeowners insurance in Knoxville with an average annual premium of $1,659 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $580 higher.

Average homeowners insurance cost in Knoxville per month

Residents of Knoxville pay an average of $209 a month for homeowners insurance. It’s $45 less than the state average of $254 and $6 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Knoxville may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Knoxville, TN, homeowners pay an average of $1,929 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Knoxville residents pay an average of $2,509 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $580 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

Average homeowners insurance cost in Knoxville by company

Among the carriers we analyzed, Allstate is the cheapest homeowners insurance company in Knoxville. Its average annual rate for Knoxville homeowners is $1,659 , while Progressive ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Knoxville and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
Allstate	$1,659
Progressive	$1,711
State Farm	$2,085
Tennessee Farmers	$2,269
Erie Insurance	$2,571
Farmers	$3,095
Auto-Owners	$1,984
Travelers	$5,466
USAA*	$1,909

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Tennessee that can impact your home insurance

Living in Tennessee comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Tennessee is commonly affected by Heat wave, Landslide, Lightning, Riverine flooding, Strong wind and Tornado.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Knoxville for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.