Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Home insurance in Kentucky costs $2,476 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. This is slightly higher than the national average of $2,377 per year for the same coverage.
Fortunately, you can lock in affordable coverage from a number of homeowners insurance companies.
Depending on where you live in Kentucky, it might make sense to buy flood insurance, as flooding is the most frequent natural disaster in the state. Here’s what you need to know about comparing quotes and finding home insurance in the Bluegrass State.
Quick Facts
Westfield, Travelers, Cincinnati Insurance, and Allstate offer Kentucky residents home insurance policies that cost less than $3,000 per year.
Standard home insurance doesn’t cover flood damage in Kentucky, so separate flood insurance is worth considering.
Homeowners in Florence enjoy some of the most affordable premiums in Kentucky.
Best home insurance companies in Kentucky
Several of the best homeowners insurance companies offer homeowners insurance in Kentucky. Your budget, specific needs, and preferences will determine the best home insurance company for you.
Here’s a look at four of the top home insurers in Kentucky to help you start your search.
Insurance Company
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.
Average Annual Premium
Best For
Westfield
NR
$1,313
Cheap rates
Travelers
7.8
$1,525
Green homes
Cincinnati Insurance
NR
$1,820
Personalized customer service
Allstate
8.2
$2,068
New homeowners
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Cheapest rates: Westfield
cheapest ratesWestfield
Compare 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.
NR
$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.
$100/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.
$117/mo
If you’d like to land the lowest rates on home insurance in Kentucky, Westfield may be a good option. The company’s annual rate is $1,313 for $300,000 in dwelling coverage. Your homeowners insurance policy may include replacement cost coverage, which will repair or replace damaged property but won’t account for depreciation or wear and tear.
Pros
Equipment breakdown coverage may be included
Some policies include replacement cost coverage
Cons
Personal insurance only available in 10 U.S. states
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.
9.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
$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.
$127/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.
$197/mo
Some parts of Kentucky, such as Louisville, promote eco-friendly living. If you have a certified green home by Leadership Energy and Environmental Design (LEED), you may qualify for a green-home discount and save up to 5% on a policy. You can get a quote online and work with a local insurance agent to finalize your coverage.
Pros
Quotes available online
Can bundle with car insurance
Cons
More discounts available elsewhere
Below-average J.D. Power customer satisfaction rating[1]
Best insurer for personalized customer service: Cincinnati Insurance
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.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated
Cincinnati Insurance has independent insurance agents scattered throughout Kentucky in places like Lexington, Richmond, and Mount Sterling. If you prioritize personalized service, this home insurer should definitely be on your radar. Cincinnati offers personalized home insurance packages for all homes and for high-value homes as well.
Pros
Insurance for collector and antique cars available
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.
8.9/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$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.
$164/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.
$246/mo
Kentucky offers a number of resources to support new homeowners, such as a down payment assistance program to offset the cost of down payments and closing costs for first-time home purchases. If you’re a first-time homebuyer in the state, you can further your savings with Allstate’s new homebuyer home insurance discount.
Pros
Variety of available discounts
HostAdvantage coverage available for home-sharing hosts
Cons
Extended or guaranteed replacement cost coverage not available
Below-average J.D. Power customer satisfaction rating
Cheapest home insurance in Kentucky
If you’re interested in the cheapest home insurance in Kentucky, Westfield Insurance is a solid choice. On average, Westfield customers pay $1,313 per year for $300,000 in dwelling coverage. Since many home insurers charge annual premiums of $2,000 and up, that’s a great deal.
The table below lists the cheapest homeowners insurance companies in Kentucky.
Insurance Company
Average Annual Premium
Travelers
$1,525
ASI Progressive
$1,718
Cincinnati Insurance
$1,820
Allstate
$2,068
State Farm
$2,268
Grange Mutual
$2,458
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Cost of homeowners insurance in Kentucky
Average annual home insurance premiums in Kentucky range between $1,313 and $5,666. The rates you receive will depend on various factors, including your ZIP code, the age and size of your home, your deductible, your prior home insurance claims, the cost of materials and construction, and more.
Cost of homeowners insurance by dwelling coverage amount
As a Kentucky homeowner, you’ll want to make sure you have enough dwelling coverage to rebuild your home if it sustains property damage from a covered loss. Factors like your home’s age, square footage, number of stories, and architectural style all help determine the ideal dwelling coverage amount. The higher coverage level you choose, the more expensive your home insurance costs will be.
Here’s a look at how various dwelling coverage levels in the state of Kentucky can affect your yearly homeowners insurance rates. Premiums shown are for policies with a $1,000 deductible.
Coverage Limit
Average Annual Premium
$100,000
$1,199
$200,000
$1,859
$300,000
$2,476
$400,000
$3,226
$500,000
$3,979
Cost of homeowners insurance by deductible
Your home insurance deductible refers to your out-of-pocket costs for a covered claim before your home insurance policy takes effect and covers the remaining amount. You can save on home insurance premiums by choosing a higher deductible because you’re taking on more up-front risk yourself. But if you opt for a higher deductible, you’ll need to budget for higher out-of-pocket fees if you file a claim.
The table below shows how your deductible amount can influence your annual home insurance premium in Kentucky. Here, you can see rates for $300,000 in dwelling coverage.
Deductible Amount
Average Annual Premium
$500
$2,543
$1,000
$2,476
How to get cheap homeowners insurance in Kentucky
Your home insurance rates depend on a number of factors, some of which are outside your control. Fortunately, you can reduce your rates by employing these strategies:
Shop around. Get homeowners insurance quotes from at least three different home insurance companies. Compare premiums, coverage options, add-ons, and reviews to find the best deal for you.
Search for discounts. Most homeowners insurance companies offer discounts to Kentucky property owners. Take advantage of discounts, such as a green-home discount, loyalty discount, and multi-policy discount, to lower your rate.
Bundle to save. If you have another insurance policy, like auto insurance or boat insurance, bundle it with your homeowners insurance. Many home insurers reward customers who bundle multiple policies.
Secure your home. Some home insurers will offer a discount if you invest in safety features, such as deadbolt locks, burglar alarms, and smoke detectors. A more secure home can lead to more competitive rates.
Adjust your policy. It’s important to only pay for the home insurance coverage you need. Get rid of any add-ons or home insurance coverage options that don’t make sense for your particular property and circumstances.
Find Cheap Home Insurance in Kentucky
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How much homeowners insurance do you need in Kentucky?
Home insurance coverage isn’t required in Kentucky, but if you have a mortgage, your lender may require you to purchase it.
Before you move forward with home insurance in the Bluegrass State, carefully review your insurance policy terms and make sure you know exactly what your policy covers. This can help you avoid hidden fees and unexpected expenses in the future.
What are some of the biggest risks when owning a home in Kentucky?
As a Kentucky resident, you should prepare yourself for a few risks that may affect your home, including:
Floods
Floods are a common occurrence in Kentucky. Since a basic home insurance policy won’t pay for food damage, it’s a good idea to buy flood insurance through the National Flood Insurance Program or a private insurer.[2]
Tornadoes
Kentucky has a history of violent tornadoes. Fortunately, standard home insurance usually covers tornadoes under the windstorm peril.[3]
Theft
Theft can take a toll on your home and personal belongings. The good news is it’s typically part of personal property protection in a basic home insurance policy.
Kentucky homeowners insurance FAQs
If you still have questions about how you can secure the lowest home insurance rates in Kentucky, the following answers can help.
How much is home insurance in Kentucky?
The average rate in the Bluegrass State is $2,476 per year for $300,000 in dwelling coverage with a $1,000 deductible, according to Insurify data. This is slightly higher than the national average of $2,377 per year for the same coverage.
Which company has the cheapest homeowners insurance in Kentucky?
Westfield customers pay the lowest rates in Kentucky, at $1,313 per year for $300,000 in dwelling coverage.
Travelers and ASI Progressive also offer affordable rates, with respective annual premiums of $1,525 and $1,718.
Does Kentucky require homeowners insurance?
No. You don’t need to have homeowners insurance in Kentucky. But if you have a mortgage, your lender will likely require you to carry it in order to protect its investment.
Is Kentucky Farm Bureau good insurance for homeowners?
Yes. Kentucky Farm Bureau can be a good insurance choice for homeowners. Established in 1943, the company is the largest casualty and property insurer based in Kentucky. It also has an AM Best financial strength rating of A rating (Excellent), demonstrating its financial stability.
Sources
J.D. Power. "Home Insurer Exodus from Several States Creates Challenges and Opportunities, J.D. Power Finds."
Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.
Anna has been a contributor at Insurify since December 2022.
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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