Home Insurance in Knoxville, TN
Quote in 60 SecondsKnoxville is a city that is rich in history, nature and culture. From the first indigenous tribes that settled the land to its important role as a “New Deal” city in the early 20th century, history buffs can learn about America’s history from the historic buildings and museums throughout the city.
Those who are more nature-minded can enjoy the outdoor trails or take the short jaunt to the Great Smoky Mountains. And those who love sports will get their fill while cheering on the Tennesse Volunteers or visiting the Women’s Basketball Hall of Fame, both located in the city.
With so many different activities and sights to see, the Marble City offers something for everyone. That’s why its residents deserve to be provided good insurance. We’ve put together a guide to insurance in Knoxville, including average costs and coverages.
How much is homeowners insurance in Knoxville?
Homeowners insurance in Knoxville zip codes will cost about $1,940 on average. This is higher than both the Tennessee home insurance average of $1,344 and the national average of $1,200. While Tennessee is generally an expensive state for home insurance, insurance in Knoxville is often more costly because of earthquakes and a high crime rate.
The good news for Knoxville residents: Although Tennessee may sit in what is known as “Dixie Alley,” Knoxville has a lower likelihood of tornadoes. So though you may want to invest in insurance riders for theft and earthquakes, you may be able to get by without windstorm coverage.
Why is home insurance so expensive in Tennessee?
Tennessee insurance as a whole costs more than the national average — but why? Tennessee is a hotbed for severe weather patterns. The Volunteer State may experience tornadoes, droughts, earthquakes, wildfires or floods.
Knoxville specifically experiences earthquakes, which are Knox County’s most common disaster. Though Knoxville may experience some shaking, it isn’t typical for these quakes to cause significant damage — however, homeowners will likely want to invest in some protection against these hazards.
Knoxville Home Insurance Premiums
What does home insurance in Knoxville cover?
A typical homeowners insurance policy will cover your dwelling, personal property and personal liability. To put it simply: Insurance covers the structures on your property, belongings inside of your home and any accidental damage you cause.
We know Knoxville loves their Volunteers. So we also know how rowdy it can get when the Vols take on the Crimson Tide. And if your Third Saturday in October becomes more of a trick than a treat, you can at least rest assured that your home’s structure and belongings have coverage in the event of accidental damage.
Similar to how superstar Peyton Manning was robbed of the Heisman Trophy back when he was a Volunteer, you don’t want your home to be burglarized. But as Knoxville has a property crime rate that is more than half of the national average, there may be a possibility that crime will occur in or around your home. In the event of theft, a home insurance policy will cover the cost of structural damage from the break-in as well as any stolen items
Moreso, a standard home insurance policy will cover things like fences, housefires (but not wildfires) and legal liabilities.
Knoxville Insurance Coverage Options
Traditional coverage
Structure
Expenses
Protection
Structures
Possessions
Supplemental coverage
Considerations for Knoxville residents
Suppose you have particularly expensive items in your home. In that case, you might want to consider investing in an insurance rider specifically for that item, as there are limits on how much theft protection will be included in a standard policy.
In addition, Knoxville residents might want to invest in insurance to cover weather events that might affect their homes, like wildfires and earthquakes. Because both are relatively common in the state, these extra protections can safeguard both your home and your anxiety.
How to lower your home insurance premium
For example, smart home devices can help protect your home from crime like break-ins and burglaries by notifying you the second someone breaks a window or opens a door. Smart home devices can even monitor your water usage, thermostat settings and refrigerator energy use to make your home both environmentally safe and financially frugal.
Purchasing a home near a first responder station like police or fire can also secure you a better rate. If a break-in takes place or a home fire begins, first responders will be able to get to you faster if you’re closer to their stations, making it more likely that there will be less damage.
Those who reside in the Marble City are settling down in the first capital of Tennessee, a city full of history, culture and nature. A stone’s throw from both the Great Smoky Mountains and the University of Tennessee, Knoxville residents need home insurance that is solid as a rock. We can help: contact Hippo for a quote today.
