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Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance. Amelia Buckley is an insurance editor, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 07, 2022 Find your perfect provider
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Collapse Caret Up According to proprietary rate data provided by Quadrant Information Services, the average cost of homeowners insurance in Kentucky is $1,820 per year for $250,000 in dwelling coverage. This rate is 32 percent higher than the national average, which currently sits at $1,383. Kentucky's higher-than-average homeowners insurance rates are largely due to the extreme weather the state experiences. Bankrate's insurance editorial team (including four licensed agents with almost 50 years of combined industry experience) conducted an in-depth study to find the best Kentucky homeowners insurance. Based on our research, we found those companies to be USAA, State Farm and Auto-Owners. Collapse On This Page
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According to proprietary rate data provided by Quadrant Information Services, the average cost of homeowners insurance in Kentucky is $1,820 per year for $250,000 in dwelling coverage. This rate is 32 percent higher than the national average, which currently sits at $1,383. Kentucky's higher-than-average homeowners insurance rates are largely due to the extreme weather the state experiences. Bankrate's insurance editorial team (including four licensed agents with almost 50 years of combined industry experience) conducted an in-depth study to find the best Kentucky homeowners insurance. Based on our research, we found those companies to be USAA, State Farm and Auto-Owners. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average annual rate for Kentucky homeowners insurance is $1,820. This rate is more than $400 more than the national average of $1,383. Of the Kentucky cities we researched, Louisville has one of the highest average homeowners insurance premiums at $2,254 per year. Kentucky has had 67 federally-declared natural disasters since 1953. The state's increased risk of extreme weather-related events is likely a significant driver behind the high average homeowners insurance premiums. According to proprietary rate data provided by Quadrant Information Services, the average cost of homeowners insurance in Kentucky is $1,820 per year for $250,000 in dwelling coverage. This rate is 32 percent higher than the national average, which currently sits at $1,383. Kentucky's higher-than-average homeowners insurance rates are largely due to the extreme weather the state experiences. Bankrate's insurance editorial team (including four licensed agents with almost 50 years of combined industry experience) conducted an in-depth study to find the best Kentucky homeowners insurance. Based on our research, we found those companies to be USAA, State Farm and Auto-Owners. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average annual rate for Kentucky homeowners insurance is $1,820. This rate is more than $400 more than the national average of $1,383. Of the Kentucky cities we researched, Louisville has one of the highest average homeowners insurance premiums at $2,254 per year. Kentucky has had 67 federally-declared natural disasters since 1953. The state's increased risk of extreme weather-related events is likely a significant driver behind the high average homeowners insurance premiums. According to proprietary rate data provided by Quadrant Information Services, the average cost of homeowners insurance in Kentucky is $1,820 per year for $250,000 in dwelling coverage. This rate is 32 percent higher than the national average, which currently sits at $1,383. Kentucky's higher-than-average homeowners insurance rates are largely due to the extreme weather the state experiences. Bankrate's insurance editorial team (including four licensed agents with almost 50 years of combined industry experience) conducted an in-depth study to find the best Kentucky homeowners insurance. Based on our research, we found those companies to be USAA, State Farm and Auto-Owners. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The average annual rate for Kentucky homeowners insurance is $1,820. This rate is more than $400 more than the national average of $1,383. Of the Kentucky cities we researched, Louisville has one of the highest average homeowners insurance premiums at $2,254 per year. Kentucky has had 67 federally-declared natural disasters since 1953. The state's increased risk of extreme weather-related events is likely a significant driver behind the high average homeowners insurance premiums. Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X How Bankrate chose the best home insurance companies in Kentucky
Bankrate analyzed various data points to bring you the in Kentucky. First, we used annual premiums provided by Quadrant Information Services to compile a list of major carriers that offer the cheapest rates. We understand, however, that price isn't typically the only factor when looking for the best coverage. To give you a comprehensive view, we considered other metrics such as customer satisfaction ratings from J.D. Power, financial strength ratings via AM Best, mobile accessibility and more. With this information, we issued each company a Bankrate Score, ranging from 0.0 to 5.0 (with 5.0 being the highest score possible). We hope that our Bankrate Scores, coupled with our proprietary premium data, will empower you to make an informed decision when shopping for Kentucky home insurance.
Bankrate utilizes Quadrant Information Services to analyze 2022 current rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Bankrate Scores are calculated on a five-point scale and primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Best home insurance companies in Kentucky
To begin your search for the best Kentucky homeowners insurance, you may want to decide what features you want in a company. Are you looking for the lowest price, certain coverages, an in-person agent or policy features like a user-friendly mobile app? Many insurance experts recommend narrowing down what your priorities are before from various providers. According to data provided by Quadrant Information Services, the average annual premium for homeowners insurance in Kentucky is $1,820. Using this information as a baseline, Bankrate looked to other metrics such as Bankrate Scores, and financial strength ratings from AM Best to find the best home insurance companies in Kentucky. Carrier Average annual premium J.D. Power AM Best Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,098 J.D. Power 884 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,928 J.D. Power 829 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,323 J.D. Power 825 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,749 J.D. Power 816 /1,000 AM Best A+ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,690 J.D. Power 794 /1,000 AM Best A++ (Superior) Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. *Does not qualify for official ranking with J.D. Power due to eligibility restrictions This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form USAA
Best for: Military-focused coverage Although it is not eligible for official ranking with J.D. Power because it only sells coverage to eligible active-duty and veteran military members and their immediate family members, USAA consistently receives exceptional customer satisfaction scores from its policyholders. If you are looking for a company with excellent service and you qualify for coverage, USAA could be one of the best Kentucky homeowners insurance companies. The company's average premium for the state is also one of the lowest on our list. USAA also , which may save you money on an alarm system and on your insurance premium. In addition to home insurance, USAA offers auto, life, and retirement plan programs. The Texas-based carrier holds an A++ (Superior) financial strength rating from AM Best. Learn more: State Farm
Best for: Local offices If you like working with a local agent, State Farm could be a good choice. The company has agents across the state who may be more in tune with the needs of Kentucky homeowners since they live in the state themselves. State Farm focuses on damage prevention with its , which provides a free electrical system monitoring device to eligible policyholders. The device monitors your home's wiring system and may be able to alert you to potential problems that could be a fire hazard. State Farm has one of the most expensive average premiums on our list for the state and only offers a few discounts, but the Illinois-based carrier is rated A++ (Superior) by AM Best. Learn more: Auto-Owners
Best for: Discounts Auto-Owners offers an average annual premium well below Kentucky's state average and several potential such as a paperless discount, paid-in-full discount and water shut-off system discount, among many others. Auto-Owners earned an above-average customer service score from J.D. Power in 2022, indicating that its policyholders are typically satisfied with its service. However, the Michigan-based super-regional carrier only sells coverage in 26 states. Auto-Owners carries an A++ (Superior) financial strength rating from AM Best, the highest rating available. Learn more: Nationwide
Best for: Homeowners with expensive collections Although not the cheapest on our list, Nationwide could still be an excellent choice for Kentucky homeowners, especially those that collect high-value items like jewelry, watches and antiques. Most standard homeowners policies cover a certain amount of jewelry, but if you have an extensive collection, you may need to purchase a jewelry endorsement. This is where Nationwide's Valuables Plus can step in. With this endorsement, you could add extra coverage or choose a lower deductible for these pricey collectibles. It's important to note that while Nationwide has an A+ (Superior) financial strength rating from AM Best, the company did score below baseline in J.D. Power's 2022 Home Insurance Study. Learn more: Travelers
Best for: Customizable coverage Travelers has been in business for more than 150 years and was granted an A++ (Superior) financial strength rating from AM Best. Additionally, Travelers writes policies in all 50 states, so you can rest assured that you should be able to find Travelers coverage if you move. Travelers also offers extensive , including water backup coverage, a personal articles floater, additional replacement cost protection coverage and coverage for your jewelry and valuable items. You should note, however, that Travelers scored lower than average in J.D. Power's Home Insurance Study, so if customer service is your primary focus, you may want to explore other companies. Learn more: How much is homeowners insurance in Kentucky
In Kentucky, the average homeowners insurance rate is $1,820 per year for $250,000 in dwelling coverage. In comparison, the national is $1,383 per year for the same amount of coverage. When measured against neighboring states, Kentucky also figures higher than average. For example, homeowners pay an average of $1,644 per year, while homeowners in pay $1,119 annually, on average. Kentucky's premiums could be higher due to the state's risk of weather-related property damage, including wind damage caused by tornadoes and water damage caused by heavy rains.
Kentucky city Average annual premium for $250K dwelling coverage Bowling Green $1,606 Covington $1,624 Georgetown $1,634 Lexington $1,636 Louisville $2,254 Owensboro $1,515 Richmond $1,615 Home insurance in Kentucky
Homeowners may want to consider Kentucky's varied weather conditions when searching for home insurance. The weather in the Bluegrass State can create dangerous conditions that may lead to property damage. Following are several of the common causes of property claims in Kentucky, as well as home insurance coverages that you may want to consider that could provide financial protection from these potential hazards. Common causes of loss in Kentucky
Kentucky is prone to extreme weather year-round, including heavy snow, ice, freezing temperatures, flooding, tornadoes and even the impact of hurricanes. These types of weather events can cause extensive damage to the interior and exterior of homes. Kentucky has had since 1953, with almost half of those occurring since 2000. For example, on December 10, 2021, Kentucky experienced a line of severe storms that resulted in that ripped across the region overnight. Although Kentucky is not a coastal state, it is prone to the effects of damaging winds and torrential rains from hurricanes that form in the Gulf of Mexico, as well as other major storms which can cause widespread property damage and catastrophic flooding. Severe winter weather: Kentucky is no stranger to heavy snow, freezing temperatures and ice storms in the winter months. These conditions may cause damage to your pipes, causing them to freeze and burst. Flooding: Kentucky ranks in the top 15 , averaging over 46 inches a year. Heavy rain and melting snow can cause flooding, which may cause water damage. Tornadoes and hurricanes: Strong winds from tornadoes, hurricanes and summer thunderstorms may break windows, damage roofs and pull off your siding, which can lead to catastrophic damage inside your home as well. Understanding the common types of claims in your area may help you choose coverages that are appropriate for your needs. Home insurance coverage options in Kentucky
If your home is damaged or destroyed by a covered peril, your policy's is designed to cover it. Other standard coverages such as personal property, liability and medical payments to others provide additional financial protection. However, with the common causes of loss from weather-related disasters in Kentucky, homeowners may want to consider purchasing additional coverage. These include: : A standard homeowners insurance policy does not cover flood damage. If you want this type of coverage, you must purchase flood insurance as a separate policy or, in rare cases, as an endorsement. Many people find flood coverage through FEMA's or with one of the several dozen private insurers that offer flood insurance. : If your home sustains damage due to water backing up in a sewer or drain line, this endorsement may help pay for the repairs. Water backups typically happen in basements or crawl spaces during heavy rains, but can happen from any blocked sewer or drain line. : Although not a weather-related event, identity theft is . Adding this endorsement could help you with the costs associated with restoring your stolen identity. Frequently asked questions
Homeowners insurance is not legally required in Kentucky. However, if you have a mortgage, your lender will likely require you to carry it. Either way, having homeowners insurance is widely considered by insurance experts to be an important step in ensuring you and your family are financially protected from the risk of catastrophic losses. Without it, you are responsible for paying out of pocket to repair or rebuild your home after a loss, which could be financially devastating.
No single insurance company in Kentucky is the best choice for everyone. Every company may offer different coverages, discounts and rates, and each homeowner's situation is unique. Most insurance experts agree that it is important to shop around to find the provider that can offer you a policy that best fits your needs at a cost you can afford.
Your homeowners insurance rates depend on several factors, and while not an exhaustive list, your home's value, location, claims history and coverage package may all significantly impact your rate. That said, the in Kentucky will vary from person to person. However, according to our extensive research, you may want to start your search with USAA (if eligible) or Auto-Owners.
Instead of a standard homeowners policy, you will need if you live in a mobile home and want your property covered. However, you may be surprised to learn that a mobile home policy, or manufactured home insurance policy, may be more expensive than a standard homeowners insurance policy. This higher rate reflects the increased risk caused by a mobile home's difficulty in withstanding natural disasters. Even so, mobile home coverage may be essential in providing financial protection against a considerable out-of-pocket expense in the event of a covered peril.
The average cost of home insurance per month in Kentucky is $152. However, your premium may vary based on your individual circumstances and how much insurance you need. Insurers may use to determine your premium, including replacement cost of your home, as well as your credit-based insurance score, claims history, the deductible you choose and proximity to a local fire station and fire hydrants. Written by Carol Pope Insurance Writer Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance. Amelia Buckley is an insurance editor, covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.