5 Best Knoxville Homeowners Insurance Companies (2025)
Allstate, Erie, USAA, and State Farm are among the top homeowners insurance companies in Knoxville, Tennessee.
Excellent
Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.
In Knoxville, Tennessee, the average yearly cost of home insurance is $2,388 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The city of Knoxville is at risk for flooding, sinkholes, tornadoes, and sometimes even hurricanes. For this reason, you might want to consider purchasing additional coverage to ensure your home has adequate protection.
Here’s what you should know about comparing home insurance quotes and coverage so you can find the right policy for your home in Knoxville, Tennessee.
Quick Facts
A homeowners insurance policy in Knoxville costs less than the national annual average of $2,532 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Allstate offers some of the cheapest homeowners insurance policies in Knoxville, at $98 per month for $300,000 in dwelling coverage and a $1,000 deductible.
Standard home insurance typically excludes damage caused by flooding, landslides, and sinkholes.1
Best home insurance companies in Knoxville
The best home insurance company for you depends on your coverage needs and budget. Several leading homeowners insurance companies serve Knoxville, and we’ve selected the top five to help narrow your search.
Allstate: Best for affordable rates
Erie: Best for claims satisfaction
USAA: Best for military members
State Farm: Best for roofing discounts
Auto-Owners: Best for inland flood coverage
Our editorial team analyzed regional and national home insurance companies that sell policies in Knoxville to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Knoxville?
The average cost of home insurance in Knoxville, Tennessee, is $2,388 per year, or $199 per month, for a policy with $300,000 in dwelling coverage and a $1,000 deductible. The average annual homeowners insurance rate in Knoxville is lower than Tennessee’s overall average of $2,844 per year for $300,000 in dwelling coverage with a $1,000 deductible.
Premiums can vary based on factors like your location, deductible, coverage amount, chosen insurer, and the type of insurance you need.
Cheapest home insurance companies in Knoxville
If saving money and getting the best rate is your goal, check out the following table for the insurers with the cheapest home insurance rates in Knoxville.
The table shows rates for three different dwelling coverage limits.
How much homeowners insurance do you need in Knoxville?
Standard homeowners insurance policies have four main components:2
Dwelling coverage: Dwelling coverage pays to repair or rebuild your home if a covered peril — such as fire, hail, wind, or lightning — damages or destroys it. A standard homeowners insurance policy won’t typically cover damage from flooding, earthquakes, or routine wear and tear.
Personal property coverage: Personal property insurance covers the cost to replace the contents inside your house, such as your clothing, furniture, and appliances. To determine how much coverage you need, create a home inventory. Making a list of your belongings along with their costs and proof of purchase makes the claims process much easier.
Personal liability: Liability insurance covers lawsuits for bodily injury or property damage if you injure someone or damage their property. Coverage typically starts at $100,000, but you can increase this amount if you need more protection.
Additional living expenses (ALE): If a covered peril renders your home uninhabitable, loss of use coverage steps in. This coverage helps pay for your hotel, restaurant meals, and other expenses beyond usual costs while your home is repaired or rebuilt.
What to know about home insurance in Knoxville, TN
When purchasing home insurance in Knoxville, consider the following risks:
Average cost of home insurance in other cities in Tennessee
Home insurance quotes can differ by city — and even ZIP code — due to differences in risk factors.5 Densely populated cities with higher crime levels generally have higher insurance premiums. Similarly, homeowners who live in areas with weather risks like tornadoes and flooding pay higher insurance rates.
Knoxville homeowners insurance FAQs
For more information about homeowners insurance in Knoxville, see the answers below to frequently asked questions.
The average annual cost of insurance in Knoxville is $2,388 for $300,000 in dwelling coverage and a $1,000 deductible. To ensure your home has adequate protection, you may need secondary coverage, such as flood insurance or a sinkhole endorsement. These additional coverages will likely increase your total home insurance cost.
Allstate has the cheapest homeowners insurance in Knoxville. Its average monthly rates are $98 for $300,000 in dwelling coverage and a $1,000 deductible.
It depends. The best home insurance company isn’t the same for everyone. Allstate, Erie, USAA, State Farm, and Auto-Owners are a few of the best home insurance companies in Knoxville.
The 80% rule in home insurance, also known as the 80/20 rule, is an industry standard stating that you must insure your home for at least 80% of the full replacement cost to avoid receiving only a partial payout if you file a claim.
Your credit history can affect your home insurance premiums. Some insurance companies will review your credit history to decide if they’ll sell you insurance and at what price.
It depends. The cost of home insurance on a $250,000 house varies based on several factors, including the location, age, and condition of the home, the type and amount of insurance you choose, and the insurance company you decide to use.
)
)
)
)
)