Insurance, roofer financing or a loan? Compare your options, then get free quotes from up to 3 local roofers, many of whom offer financing.
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A new roof is one of the biggest repair bills a homeowner faces; published 2026 guides put a Knoxville-area architectural shingle roof at roughly $11,500 to $20,000 for 2,000 square feet of roof. Most people pay for it in one of a few ways: an insurance claim if storm damage is involved, financing offered through the roofer, or a home equity line or personal loan. We don't lend money, but this page explains the options so you can compare them.
If hail, wind or a falling tree damaged your roof, your homeowners policy may cover the repair or replacement minus your deductible. Policies usually don't cover wear and tear, so have a roofer document the damage first. Check whether your policy pays replacement cost or actual cash value, because that changes how much you'll receive.
Tennessee law adds protections when insurance is paying for a residential roof, including the right to cancel the roofing contract within three business days after your insurer denies the claim in writing. See our insurance claims page for the details.
Many roofing companies partner with lenders to offer monthly payments. Read the terms closely. Some promotions are deferred-interest plans: if the balance isn't paid in full by the end of the promotional period, interest can be charged back to the original purchase date. A true 0% APR offer and a deferred-interest offer can look similar in an ad but cost very different amounts.
Ask for the APR, the term, the monthly payment, any fees, and what happens if you pay late or don't pay off a promotional balance in time. Compare that against your other options before signing.
A home equity line of credit or home equity loan uses your house as collateral and often carries a lower rate than unsecured borrowing, but it takes longer to set up and puts your home on the line. A personal loan from a bank or credit union is usually faster and doesn't use your home as collateral, typically at a higher rate. Getting a quote from your own bank or credit union gives you a benchmark to compare against contractor financing.
However you pay, keep the deposit modest and the payments tied to progress. Tennessee limits home improvement deposits to one-third of the contract price, and the state consumer agency advises against paying in full before work is done. Get the price, materials, warranty and payment schedule in writing, and compare at least two or three quotes so you're financing a fair price.
Many do, usually through a partner lender. Terms vary widely, so ask for the APR, term, payments and fees in writing and compare them with what your bank or credit union offers. Mention that you're interested in financing in the details box when you request quotes.
It's a promotion where no interest is charged during a set period only if you pay the full balance by the end. If you don't, interest can be charged back to the original purchase date. That's different from a true 0% APR offer, so read the terms closely.
Insurance usually covers sudden damage from hail, wind, fire or fallen trees, minus your deductible, but not age or wear. Have a roofer inspect and document the damage, and check whether your policy pays replacement cost or actual cash value.
Yes. Homeowners never pay us anything. Roofing contractors in our network pay a referral fee, and you are under no obligation to hire any of them.
Tell us about your roof once and get up to 3 free quotes from licensed local roofers. No cost, no obligation.
Roofers usually reach out within 24-48 hours
