Average homeowners insurance cost in Knoxville, TN

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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), according to Insure.com’s rate analysis. 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 you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Knoxville, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Knoxville.

Key takeaways

The average cost of homeowners insurance in Knoxville is $2,509 per year.
Allstate is the cheapest homeowners insurance company in Knoxville with an average annual premium of $1,659.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $580 more a year for home insurance.

Average homeowners insurance cost in Knoxville per month

According to Insure.com’s rate analysis, residents of Knoxville pay an average of $209 per month for homeowners insurance. This is $45 less than the state average of $254 and $6 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Knoxville can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Knoxville

The average cost of homeowners insurance in Knoxville, TN is $1,929 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Knoxville

As per rate analysis by Insure.com, homeowners residing in Knoxville typically pay an average of $2,509 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $580 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Knoxville by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Knoxville. It’s average annual rate for Knoxville homeowners is $1,659. Progressive ranks second and Auto-Owners makes it to the third spot with an average annual home insurance rate of $1,984.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Knoxville and prepared a list of the cheapest home insurance providers. You can find below the Knoxville home insurance companies and their average annual premium.

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

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.