Laurel Bloomery, TN Homeowners Insurance Rate Quotes!

Enter your Zip Code:    
Easily compare up to 12 competitive Laurel Bloomery, TN rates all in one place!

Are you searching for a new Laurel Bloomery, TNhomeowners insurance policy? While price is always a factor, making sure you are fully covered by a reliable, national insurer is also important when properly protecting your home. A cut-rate policy could leave you on the hook for damages that are not covered.

We can help you find a great policy at an affordable price. Our Tennessee licensed agents are happy to walk you through the entire process and you can purchase a brand new policy without ever leaving your home.

All of our policies will fully protect you from damages caused by fire, wind, theft, vandalism, weather damage as well as other perils. We will take the time to review your coverage levels and make sure that all available discounts are applied to your policy. Insurers offer dozens of discounts and we will verify that you are getting more than just the standard home insurance discounts and credits such as bundling, smoke detectors, and monitored alarm systems.

In many cases, we can help you save up to 40% OFF your current Laurel Bloomery home insurance rate. Call 855-976-2656 or get quotes online and let our local home insurance agent help you today!

Average Homeowners Insurance Rates in Laurel Bloomery

The average Laurel Bloomery homeowners insurance policy cost around $986 per year or around $82 per month. Most standard homeowners policies are paid annually through your mortgage provider saved up each year through your escrow account. Rates for homeowners in Laurel Bloomery can be as high as $1,286 per year for a more expensive home in this area that cost more to replace or rebuild if a major peril was to occur. The best coverages are not always the cheapest but homeowners have been able to apply discounts and save more on their annual premium with rates as low as $736 per year.

Laurel Bloomery Home Insurance Coverage Types

Homeowners insurance comes in a variety of different types, each one designed for a specific type of home. Let’s have a quick look at a couple of different policy types that are available to you:

HO-3: This is the most common type of insurance policy and is considered the “standard” when it comes to homeowners insurance. These policies cover damage from all perils except those that are specifically excluded in the policy wording. Flood and earthquake damage are always excluded on a HO-3 policy (or any standard homeowners policy for that matter) so if you are in a flood prone area you will need a separate flood policy which we will be happy to help you put in place.

HO-8: These policies are designed to insure an older, more vintage home. Many older homes have very detailed, very expensive to replace features such as plaster walls, hand carved railings and even stained glass windows. In addition, they often come with ancient plumbing and electrical systems that require updating to meet code. These issues often make it difficult to find an insurer willing to write a HO-3 policy on these kinds of houses.

Due to all of these types of expenses, an HO-8 policy pays out an actual cash value, which takes deprecation into account. This can up your out of pocket costs when filing a claim but if you are living in or buying an older home, this may be your only option.

H0-4: These policies are designed for renters and more commonly referred to as renters insurance. A HO-4 policy will protect all of your personal property up to your policy limits and also offers liability coverage in the event that someone is injured in your apartment. This type of coverage is an extremely affordable and something you should definitely have in place.

Regardless of which type of policy you need, we can help you find a great policy at an affordable price. Our agents will help guide you through the entire process of shopping for a new policy and help you evaluate your current coverage to make sure you are fully protected. We will also do a full discount review to make sure you are receiving all available discounts.

Compare Homeowners Insurance Rates in Laurel Bloomery, TN!

Enter your Zip Code:    

Get up to 12 competitive Laurel Bloomery, TN homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Laurel Bloomery, TN rates all in one place!

Average Rates Nearby Laurel Bloomery

Are you looking for homeowners insurance in a city near Laurel Bloomery? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Laurel Bloomery, TN

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Laurel Bloomery.

37680,     

Laurel Bloomery, TN Home Insurance Average Premiums

Local Laurel Bloomery, TN home insurance quotes comparison

$736 /yr.

Shows Laurel Bloomery's lowest average rates with discounts applied.

For the city of Laurel Bloomery, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$736 /yr.
Average Coverage:$986 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1286 /yr.

What is the average home insurance cost for a home in Laurel Bloomery, TN?

  • • The average homeowners insurance premium paid annually for a home in Laurel Bloomery is around $986 per year.

What does it cost on average per month for home insurance in Laurel Bloomery, TN?

  • • Homeowners in Laurel Bloomery pay an average cost per month around $82.00 for insurance coverage.

Laurel Bloomery, TN - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $116,727 $0
February $120,370 $111,996
March $124,374 $112,096
April $125,687 $112,877

Homeowners insurance will help cover the cost to repair or replace your Laurel Bloomery home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Laurel Bloomery
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Laurel Bloomery, TN homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Laurel Bloomery, TN rates all in one place!

Saving Money Tips on Laurel Bloomery Home Insurance

A great way to save money on Laurel Bloomery homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Laurel Bloomery area? Check out what homeowners are paying on average for Tennessee homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
3737 ft. This is the average home elevation in Laurel Bloomery, TN

Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Tennessee flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Laurel Bloomery, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Johnson County.

Tennessee Homeowners Insurance News & Information

  • Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024

    According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high.  “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]

  • Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024

    According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

  • Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024

    One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]

  • Are homeowners insurance companies increasing deductibles?  Posted on Thursday 22nd August, 2024

    This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket.   As the cost of claims increases, particularly […]

  • Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024

    Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]

Laurel Bloomery, TN Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Laurel Bloomery so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Laurel Bloomery, TN?

- The average square footage in Laurel Bloomery is around 939 Sq. Ft. which would cost you around $126,800 to replace the home if you base the home on the price to build per square foot of $135.

Minimum Replacement Cost Total: $126,800

Location: Laurel Bloomery, Tennessee (Johnson County)

Average Building Cost Per Square Foot in Laurel Bloomery: $135 (low end)

Average Square Footage in Laurel Bloomery: 939 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$135$126,800
Some Additional Upgrades$169$158,500
Major Home Updates or Advancements$203$190,200

The dwelling coverage is calculated by the average cost per square foot ($135) in Laurel Bloomery, Tennessee times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $421,875 (Media price to build of $169 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.