vHome Insurance’s Research finds that Newly Constructed Knoxville Homes can Save up to $192 on Home Insurance Rates

vHome Insurance analyzed the home insurance rates in Knoxville, Tennessee, to list the quotes offered by top insurance companies. The quotes offered by home insurance companies can differ based on the home value, coverage amount, age of homes, size, and the choice of deductibles. The study provides tips for Knoxville homeowners to help lower home insurance premiums by making use of the available discounts.

Newly constructed homes in Knoxville receive substantial discounts on home insurance rates. As the age of the home increases, so does the propensity for damage. The study revealed that newly constructed Knoxville homes could avail of discounts of up to $192 on home insurance premiums. The claims history of homeowners also has a significant impact on home insurance rates. Knoxville homeowners with a claims-free history can avail of discounts on home insurance rates, whereas filing one or more claims can increase home insurance rates. 

Senior citizens in Knoxville receive discounts on their homeowners’ insurance. Homes that are installed with security systems are less prone to burglaries. This prompts home insurance companies to provide discounts on home insurance rates. Knoxville homeowners can also lower their home insurance premium by opting for a higher deductible.

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vHomeInsurance takes a data driven approach to help consumers evaluate the best home insurance companies and topics impacting the home insurance industry.