Best Lexington Homeowners Insurance Quotes (2025)
Allstate, Kentucky Farm Bureau, and Travelers offer some of Lexington’s best homeowners insurance policies.
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Written byJamie Johnson
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6 years experience in personal finance writing
Featured on Credit Karma and Insider
Jamie is a meticulous researcher who has published 2,000+ personal finance articles. Her expertise is trusted by major brands like Bankrate and Rocket Mortgage.
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Edited byBecky Helzer
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
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Table of contents
The average annual cost of a $300,000 home insurance policy in Lexington, Kentucky, is $2,353. As Lexington is considered one of the most affordable cities in the country to buy a home, its housing costs fall below the national average. Insurance prices are also lower than the average Kentucky homeowners insurance rate of $2,625 for the same coverage.
While housing in Lexington is affordable, the city is at risk for severe weather like tornadoes, especially during the spring and summer months. Comparing homeowners insurance quotes can help you get the coverage you need to fit your budget.
Quick Facts
Lexington homeowners pay an average of $196 per month for home insurance.
Home insurance costs are about $23 per month less than the state average.
Lexington is at risk for severe thunderstorms, so some homeowners may want to consider a separate flood insurance policy.
Best home insurance companies in Lexington
Lexington has a strong insurance market with plenty of high-quality home insurance companies to choose from. The best insurance company for you will depend on your home, your budget, and the type of coverage you’re looking for.
Best company for discounts: Allstate
AllstateCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A- |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $182/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $297/mo |
Allstate is one of the best companies for Lexington homeowners looking for discounts. For example, you can earn a discount for bundling policies, staying claims-free, or buying a newly constructed house. Allstate also offers home-sharing coverage that protects your home and personal property, making it a wise choice if you occasionally rent out your home.
Pros
Mobile app makes filing claims easy
Superior AM Best rating
Cons
Below-average J.D. Power customer satisfaction score[1]
Online quotes available, but you must buy coverage through an agent
Best company for local service: Kentucky Farm Bureau
Kentucky Farm Bureau may be a good choice if you value local service and personalized support. The insurer has offices throughout Fayette County and adjusters throughout the state.
In addition to standard coverage like dwelling, property damage, and personal liability, Kentucky Farm Bureau also offers optional water backup and sump overflow coverage. This could be valuable if your sump pump backs up following a storm.
Pros
A+ Better Business Bureau (BBB) rating
Large network of local agents
Cons
More expensive than competitors
Available only to Farm Bureau members
Best company for high-value homes: Travelers
TravelersCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $93/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $153/mo |
Travelers is one of the best companies if you need extra protection for a high-value home. For example, the company offers additional replacement coverage, which pays to repair or replace your home if the costs exceed your dwelling coverage limits. You can also add endorsements to cover high-value items like jewelry and collectibles, which standard homeowners insurance policies may not fully cover.
Pros
Affordable home insurance rates
Offers a protective device discount
Cons
Below-average J.D. Power customer satisfaction score
High number of complaints on Trustpilot
Our editorial team analyzed regional and national home insurance companies that sell policies in Lexington to assess which offer the best rates, insurance options, customer satisfaction ratings, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in Lexington
If cheap home insurance in Lexington is your priority, Westfield stands out with an average annual rate of $1,105 for a policy with $300,000 in dwelling coverage with a $1,000 deductible. The following table reflects several home insurance companies’ average annual premiums for the same coverage and deductible.
Insurance Company  | Average Annual Premium |
|---|---|
| Westfield | $1,105 |
| Travelers | $1,261 |
| Cincinnati Insurance | $1,649 |
| Allstate | $1,926 |
| ASI | $1,985 |
| Grange Mutual | $2,117 |
| State Farm | $2,187 |
| Encompass | $2,289 |
| Auto-Owners Insurance | $2,546 |
| Kentucky Farm Bureau | $6,469 |
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How much is home insurance in Lexington?
In Lexington, homeowners pay an average home insurance cost of $2,353 annually for $300,000 in dwelling coverage. But the exact cost of coverage varies depending on your home’s age, condition, construction, deductible, and ZIP code. Insurance companies also consider your credit and claims history.[2]
Cost of home insurance by dwelling coverage in Kentucky
Dwelling insurance protects the structure of your home, as well as certain attached structures, like a garage. The amount of dwelling coverage you choose affects your home insurance premium significantly. To ensure your home is sufficiently protected, your insurer may conduct a replacement cost analysis to estimate how much it would cost to rebuild your home using similar materials.
The more dwelling coverage you have, the more your insurer may have to pay if you file a claim, resulting in higher premiums. The table below outlines the average annual premiums for different coverage limits in Kentucky, each with a $1,000 deductible.
Coverage Limit | Average Annual Premium |
|---|---|
| $100,000 | $1,268 |
| $200,000 | $1,956 |
| $300,000 | $2,625 |
| $400,000 | $3,294 |
| $500,000 | $4,008 |
Cost of homeowners insurance by deductible amount
Your deductible is the amount your insurer subtracts from your payout for a claim.[3] Choosing a higher deductible usually results in lower monthly premiums.
Insurance premiums for $300,000 in coverage with two different deductible amounts are shown in the table below.
Deductible Amount | Average Annual Premium |
|---|---|
| $500 | $2,417 |
| $1,000 | $2,353 |
Average cost of home insurance in other cities in Kentucky
Home insurance rates in Kentucky can vary widely by city and ZIP code. Factors like tornado risk, proximity to a fire station, and local crime rates all influence insurance premiums. For instance, Louisville has higher average annual home insurance premiums than other Kentucky — possibly due to higher crime rates and a history of flooding.
The following table shows average annual premiums for $300,000 in dwelling coverage with a $1,000 deductible in several Kentucky cities.
City | Average Annual Premium |
|---|---|
| Florence | $2,262 |
| Nicholasville | $2,316 |
| Frankfort | $2,459 |
| Richmond | $2,550 |
| Owensboro | $2,687 |
| Elizabethtown | $2,804 |
| Bowling Green | $2,891 |
| Louisville | $2,954 |
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What to know about owning a home in Lexington
Several factors can influence your home insurance needs if you own a home in Lexington:
Property values
Lexington property values are typically lower than the national average, but they’re higher than in other parts of Kentucky. Lexington home values average around $315,000, compared to the state average of $225,575.
Severe weather
Lexington is susceptible to certain weather-related risks, like severe thunderstorms and tornadoes. A standard home insurance policy typically covers wind and hail damage.
Flash flooding
Although flooding isn’t a common threat in Lexington, the town has areas that can experience flash flooding, particularly during heavy rainfall. Standard homeowners insurance doesn’t cover flood damage. If your home is in a risk-prone area, you may want to consider buying flood insurance. You can buy this coverage through the National Flood Insurance Program (NFIP).
It’s also important to review your liability coverage limits.[4] This coverage protects you financially if someone is injured on your property. It also provides coverage if you damage someone else’s property.
Lexington home insurance FAQs
If you’re shopping for home insurance in Lexington, the additional information below can help as you research your coverage options.
The average monthly cost of home insurance in Lexington is $196 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Depending on where you live, you may need flood insurance, which increases your total home insurance costs.
Westfield has the cheapest homeowners insurance in Lexington, with annual rates averaging $1,105 for $300,000 in coverage and a $1,000 deductible. Besides looking for the cheapest price, it’s wise to do a homeowners insurance comparison to ensure your home has adequate coverage.
The 80% rule for homeowners insurance states that you should insure your home for at least 80% of its total replacement cost. If you buy less coverage, your insurer may reduce the amount it pays on a claim.
The average cost of home insurance in Kentucky is $2,625 annually for a $300,000 homeowners policy with a $1,000 deductible. In Lexington, average annual home insurance costs fall below the state average, at $2,353.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Sources
- J.D. Power. "J.D. Power 2024 U.S. Home Insurance Study."
- Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
- Insurance information Institute. "Understanding your insurance deductibles."
- Insurance Information Institute. "Homeowners Insurance Basics."
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Jamie Johnson
Jamie Johnson is a Kansas City-based personal finance writer whose work has been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance. For the past six years, she's dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.
Jamie has been a contributor at Insurify since October 2022.
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.